CATEGORIES

YELLEN TELLS IRS TO DEVELOP MODERNIZATION PLAN IN 6 MONTHS

Now that President Joe Biden signed Democrats' expansive climate, tax, and health care bill into law, Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will overhaul its technology, and customer service and hiring processes.

U.S. MIDTERMS BRING FEW CHANGES FROM SOCIAL MEDIA COMPANIES

Social media companies are offering few specifics as they share their plans for safeguarding the U.S. midterm elections.

AMAZON: FTC PROBE HOUNDING BEZOS, EXECS; SUBPOENAS TOO BROAD

Amazon has complained to federal regulators that they are hounding company founder Jeff Bezos and senior executives, making "impossible-to satisfy demands" in their investigation of Amazon Prime, the popular streaming and shopping service with free delivery and an estimated 200 million members around the globe.

AIRBNB IS ROLLING OUT NEW SCREENING TOOLS TO STOP PARTIES

Airbnb says it will use new methods to spot and block people who try to use the short-term rental service to throw a party.

BEST BUY TRIMS JOBS AFTER IT CUTS SALES AND PROFIT OUTLOOK

Best Buy, the nation's largest consumer electronics chain, is trimming jobs in an effort to adjust to new changes in consumer behavior as the virus wanes.

MUSK TWEET JOKING ABOUT BUYING MANCHESTER UNITED CAUSES STIR

Elon Musk caused a stir by tweeting that he was buying the English soccer team Manchester United — whose current owners are opposed by many fans - then saying several hours later that it was a joke.

Billions Pour Into Bioplastics as Markets Begin Ramping Up

In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural, renewable materials that can be safely composted or can biodegrade under the right conditions.

Demand for Grocery Delivery Cools as Food Costs Rise

Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. Each delivery cost $30 in fees and tips, but it was worth it to avoid the store.

As Spider-Man turns 60, fans reflect on diverse appeal

Spider-Man fandom is in Tyler Scott Hoover’s blood — but not because he was bitten by an irradiated arachnid. His father had collected Marvel comic books featuring the character since the 1970s.

MOST ELECTRIC VEHICLES WON'T QUALIFY FOR FEDERAL TAX CREDIT

A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress.

US ISSUES SANCTIONS ON A 2ND VIRTUAL CURRENCY MIXING FIRM

The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its creation in 2019.

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The best setups to build your next-level private office

FROM MECCA TO THE VATICAN, EXPLORING SACRED SITES WITH VR

Click and gape at the Vatican’s Sistine Chapel ceiling up close. Click again and join thousands of pilgrims praying and circling around the cube-shaped Kaaba at Islam’s most sacred site. Or strap on a headset and enter the holy city of Jerusalem.  

BIDEN, DEMOCRATS BET ON LONG-TERM GOALS FOR SHORT-TERM BOOST

President Joe Biden’s legislative victories have aimed to position the U.S. to “win the economic competition of the 21st century,” but his investments to boost the nation’s technology, infrastructure and climate resilience over the next decade are set against a 90-odd-day clock until the midterms.

Elon Musk's Miffed About Subpoenas Tech Allies Twitter

Elon Musk’s wealthy high tech allies don’t seem too happy about receiving subpoenas from Twitter as part of the company’s legal battle with the Tesla CEO.

Airbnb Posts 2Q Profit of $379 Million on Record Bookings

Airbnb said that it earned $379 million in the second quarter on record bookings and rising rates, and the short-term rental giant announced a plan to spend up to $2 billion to buy its own stock.

UBER'S STOCK SURGES ON POSITIVE TRENDS DESPITE BIG Q2 LOSS

Uber’s effort to meld its pioneering ride-hailing service with food and freight delivery showed progress during the past quarter even though the company sustained a huge loss stemming from a sharp decline in its outside investments.

INFLATION WEIGHS ON BACK-TO-SCHOOL BUYING FOR MANY FAMILIES

To understand the impact of surging inflation on this year’s back-to-school spending, look no further than children’s rain boots with motifs like frogs and ladybugs made by Washington Shoe Co.

CONGRESS OKS BILL TO AID COMPUTER CHIP FIRMS, COUNTER CHINA

The House passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China.

NEW CRYPTO OVERSIGHT LEGISLATION ARRIVES AS INDUSTRY SHAKES

A bipartisan group of senators on Wednesday proposed a bill to regulate cryptocurrencies, the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked by collapsing prices and lenders halting operations.

FAA CLEARS BOEING TO RESUME DELIVERY OF 787 DREAMLINERS

Boeing has cleared a key hurdle with federal regulators and could soon resume deliveries of its large 787 airliner, which has been plagued by a series of production issues since late 2020, a person familiar with the matter said.

SENATE DEAL SHOULD MAKE IT EASIER TO BUY ELECTRIC VEHICLES

The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles.

ROBINHOOD CUTS 23% OF ITS WORKFORCE AS FEWER USERS TRADE

Robinhood Markets said it’s cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app.

watchOS 9

Health & fitness: The next leap forward in wearable tech

California Social Media Addiction Bill Drops Parent Lawsuits

A first-of-its-kind proposal in the California Legislature aimed at holding social media companies responsible for harming children who have become addicted to their products would no longer let parents sue popular platforms like Instagram and TikTok.

Delta Places Order for 100 Boeing 737 Aircraft

Delta is ordering 100 737 Max 10 airplanes, the largest of the line produced by Boeing, potentially giving the manufacturer additional momentum after a troubled rollout of its most advanced aircraft.

JUDGE: UBER DOESN’T HAVE TO OFFER WHEELCHAIR ACCESSIBILITY

A California federal judge has rejected a legal push to require Uber to provide wheelchair-accessible vehicles, finding that such a mandate would be too onerous on the ride-hailing company.

FACEBOOK GIVES USERS NEW WAY TO SEE ALL THEIR FRIENDS’ POSTS

Facebook is rolling out an update that enables its 2 billion daily users to more easily view their friends’ posts in chronological order.

TWITTER SETS SEPTEMBER SHAREHOLDER VOTE ON ELON MUSK BUYOUT

Twitter has set Sept. 13 as the date for its shareholders to vote on the company’s pending buyout by Tesla CEO Elon Musk.

5 ELECTRIC SUVS FOR ALMOST ANY BUDGET

In the early days of the modern electric vehicle, or EV, your choices were largely limited to a few range-compromised models or an expensive Tesla on the high end.