Author: Editor-In-Chief

Even if you don’t have an accounting background, anyone who has ever glanced at a 10-K or 10-Q knows that preparing financial statements is a complex and tedious process. Legacy platforms like Workiva and Donnelley Financial Solutions aim to streamline financial reporting, but longtime accountants Mary Antony (pictured right) and Kelsey Gootnick (pictured center) found themselves exhausted by the various manual hurdles within these tools (co-founder and CTO Jared Tibshraeny, pictured left). The two met seven years ago at Flexport, where Mr. Gutnick was the company’s manager and Mr. Anthony was its deputy manager. They stayed in touch after Antony…

Tim Cook, CEO of Apple Inc., attends the inauguration ceremony of the 60th president of the United States in the Rotunda of the U.S. Capitol in Washington, DC, on Monday, January 20, 2025.Bloomberg | Getty ImagesApple’s tariff bill is running at about $1 billion per quarter, but that number should start to shrink following the Supreme Court’s ruling on tariffs.The Supreme Court on Friday struck down most of President Donald Trump’s far-reaching tariff policies, delivering a major rebuke to the president’s major economic policy. Apple has paid about $3.3 billion in tariffs since President Trump imposed them last year. The…

E-commerce stocks that had been exposed to the effects of President Donald Trump’s sweeping global tariffs rallied on Friday after the Supreme Court struck down a key pillar of the president’s economic policy.In a 6-3 decision, the court said President Trump did not have legal authority to impose the tariffs under the International Economic Powers Act, which was used to impose many of the levies. IEEPA does not explicitly mention tariffs. decision has been submitted Amazon and wayfairinventory increases by 2%; Etsy It increased by 8%. shares of Shopify 1% increase, eBay It jumped 3%. Pinduoduo Holdingsthe parent company of…

U.S. President Donald Trump speaks about tariffs in the Rose Garden of the White House in Washington, DC, on April 2, 2025.Carlos Barria | ReutersThe U.S. government could owe more than $175 billion in refunds to importers after the Supreme Court ruled in a 6-3 decision Friday that President Donald Trump’s unilaterally imposed tariffs were illegal, according to new estimates.Because President Trump imposed the tariffs without Congressional authorization, a wide range of businesses could be reimbursed for tariffs already collected by the government.The $175 billion return estimate from the Penn Wharton Budget Model was prepared at the request of Reuters.…

The U.S. Supreme Court’s ruling against President Donald Trump’s sweeping global tariff policies leaves unanswered questions about how the process will lead to refunds of funds raised over the past few months through tariffs imposed on most of America’s trading partners.In a 6-3 decision handed down Friday, Chief Justice John Roberts upheld a lower court’s ruling that the president’s use of the International Emergency Economic Powers Act (IEEPA) exceeded his authority.Recommended stories list of 4 itemsend of listThe high court did not say how the federal government would refund the estimated $175 billion collected under the tariff. In a dissenting…

With less than 48 hours left until the start of a potential major storm, what should meteorologists do when the computer models they rely on are wildly inconsistent? Forecasters are in the most uncomfortable position Friday as two of the leading computer models, the U.S. Global Forecast System (GFS) and the European model, as well as others, continue to debate the strength and path of the mid-Atlantic and New England winter storm that begins Sunday. The difference between the two major models and other forecast guidance is the difference between a paralyzing snowstorm along I-95 and a nearly forgettable light…

Crystal Palace manager Oliver Glasner has thrown his immediate future into doubt after the club’s fans turned against him amid the club’s disastrous run of results.Manager Glasner will be leaving Palace at the end of the season when his contract expires, but it is unclear whether he will leave after his latest comments. Palace supporters called for Glasner’s sacking during Thursday night’s 1-1 draw with Zrinjski Mostar in the first leg of the Conference League knock-off play-off. The team has only won once in its past 15 games. “We’ll see. We never know what’s going to happen in the future,”…

Late last year, New York State Congressman Alex Boas was the target of a pro-AI super PAC’s campaign to prevent him from running for Congress. The group, Leading the Future, has raised more than $100 million in funding from backers including Andreessen Horowitz, OpenAI president Greg Brockman, AI search startup Perplexity, and Palantir co-founder Joe Lonsdale. Boaz’s response to that was simple: Let’s do it. Now he has the muscle to back up that challenge. Public First Action, a PAC that has received $20 million in donations from Anthropic, is spending $450,000 to back Boas in his race in New…

Microsoft Gaming CEO Phil Spencer appears at the political opening of the Gamescom conference in Cologne, Germany on August 23, 2023.Franziska Krug | German Select | Getty Imagesmicrosoft’s Games chief Phil Spencer is leaving the software maker after 38 years as the company faces further challenges with its Xbox business.”Phil Spencer made the decision to leave the company last year and we have been discussing succession planning since then,” Microsoft CEO Satya Nadella said in a memo to employees released Friday. “I would like to thank Phil for his exceptional leadership and partnership.” Revenue from video games fell about 10%…

Elon Musk attends the US-Saudi Investment Forum to be held in Washington on November 19, 2025.Evelyn HochsteinReuterA federal judge in Miami denied Tesla’s The company has made a bid to overturn a $243 million judgment in a lawsuit that seeks to force automakers to compensate victims and survivors of a fatal 2019 Autopilot crash.The crash in Key Largo, Florida, killed 22-year-old Knievel Benavidez and seriously injured his girlfriend Dillon Angulo. Tesla owner George McGee was driving a Model S sedan while using the company’s partially automated driving system, Enhanced Autopilot. McGee said during the trial that when he dropped his…