Sens. Chuck Grassley (R-Iowa) and Sheldon Whitehouse (D-R.I.) issued a statement Thursday blasting the Treasury Department’s decision to exempt 99 percent of entities from their previous requirement to report beneficial ownership to the department’s Financial Crimes Enforcement Network, or FinCEN. The senators issued a joint statement warning the final rule, which was published Tuesday, undermines…
Tech billionaire’s $158.3bn deal an outlier in report showing widening gap of CEO to worker pay at top companies Elon Musk received over 2.5m times as much compensation at Tesla as the company’s average worker, according to a new report on the growing gap between top corporate executives and their workers. Musk’s $158.3bn pay deal was an outlier but came as the gap between CEO and worker pay continued to grow . Excluding Musk, last year the average ratio of CEO to worker pay for the top S&P 500…
Robot lawnmowers are finally good enough to take a lot of work out of maintaining a yard, but they’re still not set-it-and-forget-it machines. If you don’t want these autonomous cutting machines to tear up your lawn or go roaming in your neighbors’ yard, you’re still going to need to keep an eye on them. But […]
The findings point to a key problem in youth sports: parents almost universally see participation as an important part of kids’ childhood, but the out-of-pocket expenses can be significant.
Republican congressman publicly shared links to evidence his team compiled in response to domestic abuse allegations Emily Moreno, the ex-wife of Max Miller, has sued the embattled Republican congressman and his lawyer for uploading a picture of their infant daughter to a publicly accessible Dropbox folder as part of their custody battle. The complaint argues that Miller “recklessly published and disclosed to the world a nude image” of their daughter. The photos in the lawsuit were part of a…
Matic, my current favorite robot vacuum, just got a big upgrade. The company has launched Matic Cues, which brings voice and gesture control to the robot. Now, you can talk directly to your vacuum to tell it what you want it to do, or just point at a mess to have it spot-clean. The feature […]
The Trump administration has yet to appeal a key firearms ruling handed down last week, leaving gun control groups worried and Second Amendment advocates hoping it means the Department of Justice (DOJ) is standing down.  When a judge ruled last week that parts of the 1934 National Firearms Act (NFA) could no longer stand, he gave the Trump administration…
Milwaukee County Executive David Crowley’s surprising win in this week’s Wisconsin Democratic gubernatorial primary, where recent polling had shown him trailing progressive Francesca Hong by double-digits, had catapulted him from a relatively unknown local leader to the national spotlight. The 40-year-old Wisconsin native became the youngest county executive in Milwaukee County history and the first…
An associate professor of business law argues that the decline of theatrical exhibition is driven by poor industry practices and consumer preference for streaming rather than the potential Paramount Skydance acquisition of Warner Brothers.
Live, rolling coverage of business, economics and financial markets as regulator says five companies can raise bills to pay for infrastructure for new housing and datacentres The biggest factor for the FTSE 100 ’s underperformance on Thursday morning relative to other European markets is a big decline in the mining sector . Chilean miner Antofagasta is the biggest faller on London’s benchmark index, down 4.9% after it cut its guidance for future output. The London-listed miner cut its 2026…
Inflation cooled a bit last month, according to a new report from the Labor Department. And, ICE plans to equip its officers with electric shock gloves.
Flock Safety will implement new privacy and data retention policies as pressure grows on the automated license plate operator to prevent its technology from being abused or used to conduct mass surveillance. The company announced Thursday it will shorten the recommended default data retention window from 30 to seven days to cut the amount of…
Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two companies: OpenAI and Anthropic.