Author: Jeffery Carter

Guido Mieth | Moment | Getty Images’Your IRA is an IOU to the IRS’Traditional IRAs are the oldest and most common type of IRA, owned by 31.3% of U.S. households as of mid-2023, according to research from the Investment Company Institute.Nearly two-thirds of families with traditional IRAs have accounts with retirement plan rollovers, and 43% made contributions on top of rolled over funds, ICI found.  These accounts continue to grow, and many retirees don’t have a plan to withdraw the money, experts say.”Your IRA is an IOU to the IRS,” said Slott, who is also a certified public accountant.Starting at…

By David Shepardson WASHINGTON (Reuters) -The U.S. Trade Representative’s Office will hold a hearing on Tuesday into older Chinese-made “legacy” semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear. The probe, which was started under then-President Joe Biden in December, aims to protect American and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50% U.S. tariff on Chinese semiconductors started on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than…

The CEO of Clearview AI, the controversial facial recognition startup that created a searchable database of 30 billion photos by scraping the internet, has resigned, according to a statement he supplied to TechCrunch. The CEO, Hoan Ton-That, said “it is time for the next chapter in my life” and that he would remain on as a board member of Clearview AI. He declined to comment when asked for more details on what specifically sparked his resignation. The news was first reported by Forbes. Clearview AI now has two “co-CEOs,” early investor Hal Lambert and co-founder Richard Schwartz, who want to…

USA OFFICIALLY BANS LGBT FLAG EMOJI: Washington, D.C. – In a landmark decision that has sent shockwaves across digital communication platforms, the United States government has officially banned the LGBT Pride flag emoji. This marks the second official emoji ban in the country’s history, following this mornings controversial decision to remove the Pregnant Man emoji from all federally approved digital keyboards. The move, announced in a late-night press release from the newly formed “Digital Integrity and Symbolism Oversight Committee,” cites concerns over “ideological neutrality” and “maintaining a standard set of emojis that align with national values.” “Emojis should represent universal expressions,…

FILE PHOTO: Special Counsel of the U.S. Office of Special Counsel Hampton Dellinger poses for a portrait in an undated handout image.U.S. Office Of Special Counsel | Via ReutersA federal appeals court on Wednesday allowed the Trump administration to remove a top federal ethics watchdog from his office while a lawsuit challenging his termination plays out.The order permitting the removal of Hampton Dellinger as head of the Office of Special Counsel came four days after a federal district court judge ruled that President Donald Trump’s attempt to boot Dellinger was “unlawful, and as the special counsel opposes the terminations of…

Prosecutors question the judge’s impartiality in sparing Rubailes jail time over his forced kiss on footballer Hermoso.Spanish prosecutors have requested that the trial of the country’s former football federation chief Luis Rubiales for his forced kiss on Jenni Hermoso be annulled and re-run, notably questioning the judge’s impartiality. The request, on Thursday, comes after Spain’s top criminal court last month found Rubiales guilty of sexual assault for the kiss, which occurred after Spain’s women’s football team won the World Cup, and fined him 10,800 euros ($11,370), sparing him jail in a sentence considered lenient by feminist groups. The sentence fell…

Nvidia reports earnings after the market closes Wednesday. With the possible exception of Tesla , no other stock generates the kind of short-term trading interest Nvidia does. There’s an entire trading ecosystem built around Nvidia now. It is, for example, one of the most actively traded single-stock options in the market. Aside from significant options activity, a large trading ecosystem has also developed around Nvidia in the world of exchange-trade funds. ETFs own more than four billion shares of Nvidia, about 17% of the 24.49 billion total shares outstanding, according to Factset. Not surprisingly, broad market ETFs are the largest holders…

If you’re an avid Kohl’s shopper, you’ve probably been invited to apply for a Kohl’s card at the register. While Kohl’s loyalists can supplement their regular Kohl’s Cash earnings with additional savings, others may find a more general rewards credit card to be more useful. There are two types of Kohl’s cards: the Kohl’s Credit Card and the Kohl’s Rewards® Visa. After submitting an application, you’ll be considered for both cards but receive only one if approved. Here’s what to know about these cards before you apply. Rewards rate 7.5% back in Kohl’s Cash when you use your Kohl’s Credit…

OpenAI said on Friday that it is rolling out Operator — its AI agent that can perform tasks on behalf of users — for ChatGPT Pro subscribers in Australia, Brazil, Canada, India, Japan, Singapore, South Korea, the U.K., and more countries. OpenAI said Operator will be available in most places where ChatGPT is available, apart from the EU, Switzerland, Norway, Liechtenstein, and Iceland. Operator, which launched in January in the U.S., is one of several “AI agent” tools on the market that can be instructed to do things like book tickets, make restaurant reservations, file expense reports, or shop on…

The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023.Mario Tama | Getty ImagesAmgen on Wednesday said it has started two critical late-stage trials for its experimental weight loss injection MariTide, another step in its bid to enter the booming obesity drug market. “We’re delighted to share that these trials have now been initiated, and really, the progression of the MARITIME program is going very, very well,” Dr. Jay Bradner, Amgen’s executive vice president of research and development, said during a TD Cowen conference, using the name of the drug’s phase three development program. MariTide is…