Author: News Room

The Taiwan Test

Caught between two superpowers, Taiwan stands to be the world’s most dangerous flash point.The island democracy of 23.2 million people knows its precarious position. For the last four decades, the global semiconductor hub has conducted annual military drills focused on staving off a cross-strait invasion by Beijing, which considers the…

Europe is rethinking where it keeps its gold

Geopolitical turmoil is pushing central banks to think harder about where they keep their gold reserves.On Wednesday, the Netherlands central bank said it had reallocated about 86 metric tons of gold from New York and Ottawa to London between March and August, “in view of increasing geopolitical unrest” and to…

Tesla launches steering-wheel-free Cybercab robotaxi in Austin

Tesla added its two-door, steering-wheel-free Cybercab to its robotaxi network on Thursday, offering its first rides to the public in Austin as the company races to expand its autonomous ride-hailing service.At an invite-only event in downtown Austin, Ashok Elluswamy, Tesla’s VP of AI, announced that the Cybercab was officially added…

17 ‘Harry Potter’ stars, ranked from least to most successful

Daniel Radcliffe, Harry Potter himself, has become quite the actor since leaving Hogwarts.He’s shied away from big-budget films, instead focusing on bonkers films such as “Guns Akimbo,” “Swiss Army Man,” and the interactive finale of “Unbreakable Kimmy Schmidt.” He also appeared in the magical film “Now You See Me 2,”…

How Are Annuities Taxed? Withdrawals, Payouts and Penalties

Annuities can look tax-friendly because your money grows without an annual tax bill, but the real surprise often comes when you start taking money out. Depending on how the annuity was funded, withdrawals can trigger ordinary income taxes, early-withdrawal penalties and surrender charges. Combined, these costs can significantly reduce what…

Xbox is putting monthly time limits on cloud gaming

Don’t forget to watch the clock while you play!Beginning in November, Microsoft’s Xbox will put monthly cloud-gaming limits on its Game Pass plans, the company announced in a blog post. Right now, eligible subscribers can stream games without a monthly hour limit.”We recognize that introducing limits is a meaningful change,…

A Labor Day Salute to You — the American Worker

Unlike virtually every other holiday our nation celebrates, Labor Day isn’t about any single American, religious event or group of heroes. Labor Day is about all of us. It’s a celebration of, for and by the people who made America the most prosperous nation on Earth: American workers and the…