Tax system goes digital after IRS funding boost
The initial $80 billion funding boost to the IRS, passed as part of the Inflation Reduction Act of 2022 (IRA), will move much of the U.S.’s vast tax system online and digitize much of the IRS’s internal operations. The latest update to the IRS’ Increased Funding Plan indicates that while the tax system remains as […]
Google parent Alphabet posts 29% jump in profit on digital ad growth, AI offerings
Alphabet Inc. on Tuesday reported better-than-expected second-quarter revenue and profit, helped by rising digital advertising sales and solid demand for its cloud-computing services, but warned that capital spending will remain high for the year. Alphabet’s results highlighted strong demand for digital advertising, driven by events such as the Paris Olympics and elections in several countries, […]
The Administrative State’s Digital Currency Ruse
Estimated Reading Time: 7 minutes When I read about an executive order issued by the Biden administration last year regarding a plan for digital currency, I naturally suspected something quite dire. Generally speaking, whatever the modern, self-described “liberal democratic” administrative state claims to be doing to help supposedly disadvantaged people is actually intended primarily, if […]
Fox News Digital thumps CNN, NY Times, other major news brands in key metrics during second quarter
In Q2 2024, Americans turned to Fox News Digital for information and analysis, with the company finishing as the No. 1 news organization in both multiplatform watch minutes and multiplatform viewership during a historic three-month period. The second quarter was the quarter in which President Biden began to face continuing questions about his mental fitness […]
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits – PYMNTS.com
Banks today are caught between the ongoing digital shift and a challenging macro environment. Together release As Wells Fargo reported its second-quarter 2024 financial results on Friday (July 12), it became clear that juggling the two and keeping compliance and risk management top of mind is a top priority for the financial institution and its […]
CNN Says It Will Cut 100 More Jobs To Better Focus On Its Digital Service
The exterior of Cable News Network’s (CNN) world headquarters in Atlanta, Georgia, November 17, 2022. (Photo by Brandon Bell/Getty Images) James Myers of OANWednesday, July 10, 2024 1:42 PM CNN The company plans to cut an estimated 100 jobs as part of a new shift to restructure its operations and strengthen its digital media presence, […]
New White House digital staffer cheered social media ban on Trump: ‘What took them so long?’
First appeared on FOX: In a 2021 blog post just days before Biden was inaugurated, a newly hired White House digital staffer congratulated social media companies for “finally, thankfully” banning Trump from their platforms and questioned “why it took so long.” Andy Borowski posted a photo to social media on Monday of himself in front […]
Navy Puts The Kibosh On Digital Recruiting Program After Discovering Enlistees Aren’t Into Drag Queens
Estimated Reading Time: 2 minutes The U.S. Navy confirmed on Tuesday it has discontinued an online recruiting initiative featuring an enlisted drag queen that was aimed at bringing new sailors into the service. In May, The Daily Caller revealed that the Navy brought on Yeoman 2nd Class Joshua Kelley — an active-duty drag queen who goes […]
News Corp’s OpenAI deal puts publisher on ‘cutting edge of digital age’: Robert Thomson
News Corp and Open AI’s groundbreaking partnership puts The Washington Post’s parent company at the “leading edge of the digital age” at a time of upheaval across the news industry, CEO Robert Thomson said in a memo to employees. The publishing giant’s deal with OpenAI and its CEO Sam Altman, announced in May, allows ChatGPT’s […]
US, India extend digital tax truce to Sunday as deadline approaches – Yahoo Finance
David Loader (Reuters) – The United States and India have extended until Sunday a tentative agreement on U.S. retaliation over India’s digital services tax, coinciding with a looming deadline for an international agreement that reallocates taxing powers to the world’s largest and most profitable companies, the U.S. Treasury Department said on Friday. In a brief […]