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The Taiwan Test

The Taiwan Test

Markets—

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…

Europe is rethinking where it keeps its gold

Europe is rethinking where it keeps its gold

Finance—

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…

Tesla launches steering-wheel-free Cybercab robotaxi in Austin

Tesla launches steering-wheel-free Cybercab robotaxi in Austin

Markets—

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…

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

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

Markets—

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…

How Are Annuities Taxed? Withdrawals, Payouts and Penalties

How Are Annuities Taxed? Withdrawals, Payouts and Penalties

Retirement—

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…