Taxes on software and health care will soon be imposed on Californians following an important vote.
On Thursday, California Democrats officially submitted tax proposals to Governor Gavin Newsom, which might lead to increased health insurance premiums and new fees for software downloads. It’s anticipated that Newsom will approve these measures. This initiative is part of ongoing negotiations regarding a state budget totaling $356 billion, which is expected to be settled with […]
Jim Cramer discusses his next steps with a software stock facing an 11-day decline.
Key Highlights from Jim Cramer’s CNBC Investment Club Meeting Every weekday at 10:20 a.m. ET, Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream. Here’s what happened on Tuesday. 1. The S&P 500 experienced a dip after three consecutive days of gains. SpaceX’s stock continued its upward trajectory following its public offering on Friday. […]
GM launches software update enabling certain EV owners to sell electricity back to the grid
GM’s Innovative Electric Vehicle Software Update On Tuesday, General Motors revealed plans for a software update that will enable certain electric vehicle (EV) owners to send electricity back to the power grid. This new feature, which builds on an existing system for providing power to homes during outages, offers expanded capabilities for users. With this […]
Creators starting businesses, developing software, and making investments
The Rise of Entrepreneurial Creators It seems like social media stars are shifting gears. Many are moving away from brand contracts to become entrepreneurs, developing their own products and investing in startups. Warner Bailey’s Assistants vs. Agents and Alex Poscente’s Ivy Insights exemplify this trend of creators branching out. Brett Perlmutter, founder of BulletPitch, is […]
Chips Over People: Cloud Software Firm Halts Yearly Pay Raises to Support AI Spending
Teradata Suspends Raises to Invest in AI Teradata, a global cloud software company, has informed its 5,100 employees that there will be no salary increases this year as the company shifts funds toward artificial intelligence investments. The company stated it would redirect the budget typically allocated for annual raises to enhance its AI talent and […]
People in the U.S. feel that software updates negatively affect their devices.
A recent survey reveals that many Americans, in fact, feel software updates can often make their devices worse rather than better. The poll, which surveyed 2,000 adults in the U.S., indicated that 54% believe updates are primarily aimed at promoting premium features or encouraging people to upgrade their devices. Interestingly, 55% also think that these […]
Software stocks finish their strongest month since 2001 as concerns about ‘SaaSpocalypse’ fade
Software Stocks Rally Amid AI Excitement The CEO of Snowflake, Sridhar Ramaswamy, is set to ring the closing bell at the New York Stock Exchange on September 30, 2025. It seems that the turmoil often referred to as “SaaSpocalypse” may not be fully over, but for now, worries about the software sector’s decline seem to […]
Hyundai is recalling 421,000 vehicles due to a software issue that leads to unintentional braking.
Hyundai has announced a recall impacting over 421,000 vehicles following a discovery by the National Highway Traffic Safety Administration (NHTSA) regarding a software glitch. This issue relates to the front camera, which could trigger the forward collision avoidance system too early. Essentially, this means that the brakes might engage unexpectedly, increasing the risk of an […]
Financial Software Company Intuit Reduces Workforce by 17% as It Adopts AI
Intuit Announces Significant Layoffs to Focus on AI Intuit, well-known for its popular financial software like TurboTax and QuickBooks, is planning to lay off approximately 3,000 employees, which amounts to about 17% of its workforce. This move is part of a strategic shift toward prioritizing AI integration into its products. According to an internal memo […]
Healthcare Software Company Owner Found Guilty of $1,000,000,000 Medicare Fraud Scheme
Health Splash Founder Convicted in $1 Billion Medicare Fraud Scheme A federal jury in the Southern District of Florida found Brett Blackman, the founder and owner of Health Splash, guilty of conspiracy related to defrauding Medicare, amounting to over $1 billion. Blackman, along with his accomplices, allegedly targeted vast numbers of Medicare beneficiaries, convincing them […]