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Trump floats idea of raising taxes on the rich – CBS News Watch CBS News In a post on social media, President Trump said he’d be open to raising taxes on rich people as part of negotiations over his “big beautiful bill.” CBS News’ Nikole Killion and Kelly O’Grady have the latest. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Doing good work isn’t enough to get you promoted, says Ryan Peterman, an engineer at Meta. You also have to make sure everyone knows about it.”If you go and build this amazing feature that nobody knows about, it doesn’t matter how good it is, you’re not going to get any recognition for it,” Peterman said during a talk at UCLA. “And so, how do you advocate for yourself after you’ve done great work, which is the hard part?”Peterman worked at Instagram for six years, climbing to staff software engineer before changing focus to AI training infrastructure at Meta. He’s also…

As Delaware rebukes Elon Musk over his pay package, Texas is now offering corporate America a path to sidestep legal challenges from most of its shareholders.Over the past two months, lawmakers have pushed through a pair of bills they say would bring more businesses to the Lone Star State. Senate Bill 29 would make it harder for shareholders to sue companies, while Senate Bill 1057 would raise the bar for bringing resolutions at annual meetings.SB 29 would apply to many big companies incorporated in Texas, like Tesla and Southwest Airlines. SB 1057 could apply to businesses that are merely headquartered…

“How many managers to have — what are the pros and cons of managers?” The question was posed to Mark Zuckerberg nearly two years ago during an interview with the podcaster Lex Fridman.At the time, the Meta CEO — still sporting his shorter “Caesar” haircut — had kicked off the “Great Flattening” trend, culling middle managers amid his “year of efficiency” as a correction to overhiring during the pandemic.But as companies beyond Big Tech, the latest being the Tinder owner Match Group, pare back managerial roles, Zuckerberg’s answer to the podcaster’s question in June 2023 remains relevant — and helps…

Hundreds of people gathered in Somerville, Mass., on March 26, to demand the release of Rumeysa Ozturk, a Turkish student at Tufts University, who was arrested by federal agents the day before. Michael Casey/AP hide caption toggle caption Michael Casey/AP A federal judge in Vermont has ordered that Rümeysa Öztürk, a Tufts University doctoral student and Turkish national, be immediately released from federal custody. Judge William K. Sessions’ ruling Friday comes more than six weeks after masked immigration agents picked her up on a suburban Boston street as part of the Trump administration’s crackdown on pro-Palestinian student activists. In his…

The Public Company Accounting Oversight Board posted more staff presentations to help with the implementation of QC 1000, A Firm’s System of Quality Control.The videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources. In April, the PCAOB posted more staff presentations covering acceptance and continuance, engagement performance, governance and leadership, and information communication.  The roles and responsibilities video covers the requirements involving the assignment of roles and responsibilities within the firm’s QC system. The ethics and independence video covers the firm and individual responsibilities under ethics and independence requirements applicable for engagements performed under…

A general view of the ESPN logo on a camera at Simmons Bank Liberty Stadium in Memphis, Tennessee, on April 6, 2024.Wes Hale | UFL | Getty ImagesAt long last, ESPN has chosen a name for its upcoming all-access streaming service.Ready?It’s “ESPN.”Disney’s sports media division will announce the new — and also sort of old — name for the all-access streaming application at a media event next week, according to people familiar with the matter who declined to be named speaking about not-yet-public details. A Disney spokesperson declined to comment.Disney executives have referred to the streaming product, which is expected…

Renting has its benefits. It’s usually cheaper than buying a home, and it offers the freedom of moving without much hassle. That’s why about half of apartment renters in large urban markets usually move when their leases expire. But that is not happening now.The low turnover is “striking,” according to real estate analyst Alex Goldfarb at Piper Sandler. He said some of the largest landlords are seeing turnover at just 30% compared with the industry norm of 50%.He cited reasons including an unaffordable for-sale market, lack of rental supply on the coasts, nervousness about the economy and tariffs, the cost…

A man stands outside Terminal C with the airport control tower in the background at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty ImagesAir traffic controllers who guide planes in and out of Newark Liberty International Airport lost radar and communication with aircraft before dawn on Friday in another 90-second outage, the Federal Aviation Administration said, hours after the Trump administration unveiled a plan to overhaul the aging technology that keeps U.S. airspace space safe.The outage occurred at about 3:55 a.m. ET, the FAA said. There are far fewer aircraft flying overnight,…

Wall Street’s Dr. Doom isn’t as gloomy about the US economy as he has been in past years. Nouriel Roubini, the famed economist known for his bearish views on the market, is surprisingly upbeat in the face of tariff-fueled anxieties and broad economic uncertainty that’s been a headwind for stocks. Speaking with Bloomberg this week, the New York University professor gave his thoughts on a range of topics, offering up predictions on a recession, the bond market, and AI. Here are four things the renowned economist is thinking about. A mild US recession by year-end The US could enter a…