Author: Editor-In-Chief

Bloomberg | Bloomberg | Getty ImagesAmericans heading to the polls in November will have a unique opportunity to use their voting power to directly shape tax policy. Expanding government spending and increasing tax burdens across the United States have led to the inclusion of 26 tax rate ballot initiatives in 13 states. For 128 million American voters, especially those in the working and middle classes who pay the highest tax burdens, these ballot measures will test how voters feel about increased government spending and where that money will come from. California’s Proposition 40, which would authorize a one-time 5% “wealth…

SpaceX’s Flacon 9 rocket lifts off from Space Launch Complex 40 at Cape Canaveral Space Force Station, Florida, June 8, 2026.Joe Radle | Getty Imagesgoldman sachs CNBC reported that it has created a new platform to expand its offerings for high-net-worth clients and family offices that increasingly seek direct stakes in fast-growing private companies.The new group, called Alternative Investment Platforms, will combine Goldman’s existing alternatives business with two newly formed teams, according to a memo first seen by CNBC.The new team will focus on investing directly in individual private companies rather than broad private equity funds and helping clients buy…

Karshi and Polimarket.Gabby Jones Bloomberg | Martin Lelièvre | Getty ImagesA lobbying arms race is unfolding in Washington between Calci, Polymarket and the casino and gaming industry, with each side vying for support from lawmakers as prediction markets come under increasing scrutiny from Congress and regulators.Kalsi’s lobbying spending totaled $990,000 in the first half of 2026, or nearly $1.8 million including the outside firms it hired, according to filings this week. This exceeds the total $1 million the company spent on lobbying throughout 2025, making it the company’s largest spending in a six-month period to date.But the gambling and casino…

Paris — French lawmakers on Tuesday passed a bill banning children under 15 from using social media, making it the first country in the European Union to introduce such an age limit. Australia made history late last year when it introduced the first social media ban for under-16s. The UK government announced similar restrictions last month, which are expected to come into force next year. Spain, Greece and Denmark also plan to impose minimum age restrictions on social media use. French lawmakers overwhelmingly voted in favor of the bill, which received strong support from French President Emmanuel Macron. He now…

Twitter and Block co-founder Jack Dorsey on Tuesday announced a new app called Buzz. Positioned as a challenger to Slack and GitHub, Buzz is a group chat platform for the workplace that allows humans and their AI agents to participate in the same conversation. Dorsey wrote in X that Buzz is “model agnostic, decentralized, self-sovereign, and open source.” It looks like this product isn’t just Dorsey’s passion project. Buzz is built by Dorsey’s company Block, which also operates products such as Square, Cash App, Afterpay and Tidal, according to the company’s website. We are launching BUZZ!A new group chat platform…

Samuel Boivin | Null Photo | Getty ImagesElon Musk warned that investors are betting on: space x It has little chance of survival, even though short sellers have increased their bets on the company to about a third of publicly traded shares in the face of several major catalysts.S3 Partners estimates that about 206 million SpaceX shares are currently sold short, representing about 32% of the company’s publicly traded shares and about $25 billion in bearish equity. This is up from about 185 million shares last week, or 29% of the float, and a significant increase from the estimated 40…

Super Micro Computer CEO Charles Liang speaks at the Raise Summit in Paris on July 8, 2025. Nathan Lane | Bloomberg | Getty Imagesshares of super microcomputer Shares rose 15% after the server maker said Tuesday that it expects June quarter profit margins to be higher than previously expected due to a surge in new orders.The company said gross margin and adjusted gross margin should be between 15% and 17%, up from the 8.2% to 8.4% range that management indicated in May.Supermicro said in a preliminary business update that the revision was “primarily due to strong customer and product mix.”Server…

Mediators are racing to reach a ceasefire between the United States and Iran, experts say, hoping to end a cycle of retaliation that has become deadly and increasingly likely to spill over into a broader regional conflict.Iranian Foreign Ministry spokesman Esmail Baghai acknowledged on Monday that mediators were actively trying to prevent further escalation, without providing further details.His comments came as Axios reported that regional mediators including Qatar, Egypt, Pakistan and others have presented a proposal to both the United States and Iran to halt fighting for 10 days, giving them room to revive an interim memorandum of understanding (MoU)…

Ukrainian President Volodymyr Zelenskiy has fired the country’s top commander, General Oleksandr Shirschiy, following days of widespread protests against the removal of the popular defense minister. The dismissal of Defense Minister Mykhailo Fedorov last week sparked days of street protests and exposed unprecedented public divisions within the military over Kiev’s strategy in the war against Russia. President Zelenskiy on Tuesday offered Fedorov “an important position in the government that will allow us to unify the technical elements of the state and ensure the development of the state.” It is not clear whether this offer was accepted. Fedorov, 35, has built…

OpenAI admitted on Tuesday that one of its AI models had penetrated Hugging Face’s systems when an internal cybersecurity test failed. Hugging Face initially attributed the breach to an “external AI agent.” In a blog post published Tuesday afternoon, OpenAI detailed the steps that led to the model compromising its service. “Upon investigation, we determined that this particular incident was caused by a combination of OpenAI models, including GPT‑5.6 Sol and more capable pre-release models, all of which had reduced cyber denials for evaluation purposes and were internally tested with cyber capability benchmarks,” the post reads. In particular, the breach…