Author: News Room

Elon Musk loses trillionaire status as tech rout hammers Tesla, SpaceX

Elon Musk is no longer worth more than $1 trillion, less than two weeks after becoming the first person to reach the milestone. Musk’s net worth was valued at $946 billion as of Wednesday, according to the Bloomberg Billionaires Index. That is down from about $1.11 trillion less than 14…

A New York primary winner has a defiant message for OpenAI and Anthropic

The new Democratic nominee for a congressional seat in Manhattan had a strong message for the AI industry on Tuesday night.After defeating a crowded field of eight candidates in New York’s 12th congressional district, Micah Lasher, who won by 39.1%, took aim at the tech giants and their allies who spent…

Tax Professional for LLC: Services and Examples

Running an LLC offers flexibility and liability protection. But alongside those benefits comes a layer of complexity that can catch even seasoned business owners off guard. From choosing a tax classification to tracking deductions to navigating filing deadlines, there is a lot to keep track of. And the wrong move…

Zoox to ramp up production of up to 100 newly upgraded robotaxis a week

Amazon’s Zoox is getting ready to ramp up vehicle production with a newly refreshed robotaxi design as the company seeks to expand its service areas in the US.Zoox unveiled several tweaks to its purpose-built robotaxi on Wednesday, including changes to the interior color, more ergonomic seats, larger cupholders, a more…

Foreign LLC: Uses, Requirements and Examples

Expanding a business into another state can create new opportunities, but it may also come with legal and administrative requirements that many business owners overlook. One of the most important is foreign LLC registration, which allows a company formed in one state to legally operate in another. Despite the name,…