In 2022, Washington instituted
a 7% capital gains tax.
Bezos' decision to move to Florida will likely save
him $288 million so far, Yahoo Finance reports.
.
"Because Bezos has only ever bought a single
share of Amazon," it's likely that he's had the stock, since the formation of the company, "and therefore
virtually all of their value would be considered
capital gains," according to 'Bloomberg.'.
According to Washington officials, capital gains tax brought in $855 million last year.
Over half of that amount
came from only 10 people.
.
In March 2023, billionaire Ken Fisher said he would move from Washington to Texas.
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk's net worth dropped nearly $40 billion this year, now totaling $189 billion, placing him third behind Bernard Arnault and Jeff Bezos. Tesla's declining share price contributed to the decrease. Despite challenges with Twitter's rebranding as X, Musk announced plans for a smart TV app. His proactive approach reflects his ongoing efforts to diversify and expand his ventures.
#ElonMusk #Tesla #elonmusk #elonmuskinterview #elonmusknews #elonmuskanddisney #Twitter #X #Oneindia #Oneindianews
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In a stunning turn of events, Tesla CEO Elon Musk has been dethroned as the world's richest person, with Amazon founder Jeff Bezos reclaiming the top spot. Join us as we delve into this dramatic shift in the billionaire rankings.
#ElonMusk #WorldsRichestPerson #JeffBezos #BloombergReport #BloombaergBillionaireIndex #ElonMuskvsJeffBezos #FinancialNews
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Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
A group representing the fired
workers said the total number of staff
terminated for protesting is now over 50. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
Last week, workers held sit-in
protests at Google's offices in both
New York and Sunnyvale, California.
The protests were organized by the group
No Tech For Apartheid, who said that 30 workers
were fired following the initial sit-in. .
According to Jane Chung, a spokeswoman for
No Tech For Apartheid, Google has now fired
"over 20" more workers, “including non-participating
bystanders during last week’s protests.”.
Google’s aims are clear:
the corporation is attempting
to quash dissent, silence
its workers, and reassert
its power over them, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
Google has disputed the group's claims,
stressing that the company carefully found that, “every single one of those whose employment
was terminated was personally and definitively
involved in disruptive activity inside our buildings.”
Credit: Wibbitz Top Stories Duration: 01:31Published
Travis Kelce just landed his first TV job. The Kansas City Chiefs tight end is set to host a spin-off of the Fox game show 'Are You Smarter Than a 5th Grader?' for Amazon's Prime Video. The new show hosted by Kelce is titled 'Are You Smarter Than a Celebrity?' It will see adult contestants answer elementary curriculum questions with the help of a classroom full of famous faces.
Credit: The Hollywood Reporter Duration: 01:24Published
It looks like there's a new 'Legally Blonde' TV show in the works…what like it's hard? Reese Witherspoon and her Hello Sunshine banner is teaming up with Amazon to develop a 'Legally Blonde' TV series. 'Gossip Girl' and 'The O.C.' grads Josh Schwartz and Stephanie Savage are attached to write the TV offshoot.
Credit: The Hollywood Reporter Duration: 01:07Published
Amazon Is Getting Rid of , Just Walk Out Technology , at Its Fresh Grocery Stores.
The company's Just Walk Out
technology allows customers to
avoid standing in checkout lines.
It works by sending receipts to customers after they've left the store with their items.
While customers have said they enjoy the process, .
they wish they could view their receipts and savings while they are shopping, according
to Amazon spokesperson Carly Golden.
As a result, Amazon is revamping its
grocery chain to better serve customers.
The Just Walk Out technology will
be replaced by smart carts that provide spending data in real time, NPR reports. .
Most Fresh grocery stores are located in
Washington State, California, Illinois and Virginia. .
The retailer also operates Amazon Go
stores in addition to owning Whole Foods.
The retailer also operates Amazon Go
stores in addition to owning Whole Foods.
Amazon Go stores and smaller Fresh
stores in the U.K. will continue to use
Just Walk Out technology, NPR reports.
Last year, Amazon CEO Andy Jassy said that the company is still trying to figure out how to have
a greater impact on physical grocery stores.
This revamp, and "selectively" launching new Fresh locations, is part of that process, Golden said
Credit: Wibbitz Top Stories Duration: 01:31Published
Jon Stewart is saying that Apple asked him not to talk to the Federal Trade Commission Chair Lina Khan on his former Apple show 'The Problem with Jon Stewart.' Khan, who became chair of the FTC in 2021, has made a name for herself for being an outspoken critic of the business practices of Big Tech companies like Amazon and Meta and has been praised by both Democrats and Republicans for her antitrust efforts. Khan was a guest on Monday's episode of Comedy Central's 'The Daily Show,' where Stewart made the revelation.
Credit: The Hollywood Reporter Duration: 01:47Published
Gisele BĂĽndchen's day started out rough -- a cop pulled her over in Florida, and she seemed pretty upset over it all ... especially when he handed her a ticket... TMZ.com
Former Dallas Cowboys star Mike Jenkins was involved in a heated confrontation at a Florida bar over the weekend ... video obtained by TMZ Sports shows. The.. TMZ.com
Father Time still clearly can't quite win his battle with Tom Brady ... 'cause the NFL's GOAT just showed, once again, he's still ripped!!! The 46-year-old.. TMZ.com
One person was killed and two others hospitalised on Thursday afternoon when a section of crane fell from a building in downtown Fort Lauderdale, according to officials.
Credit: euronews (in English) Duration: 01:00Published
A Costco Membership Card , Is Now Needed to Eat in Its Food Court.
Even though Costco limited food court access to members only in 2020, enforcement of that policy has been lax until now, CBS News reports. .
The wholesale store is cracking down to
make sure that outsiders can no longer access Costco's $1.50 hot dog combo, among other items.
Effective April 8, 2024, an active Costco
membership card will be required to
purchase items from our food court. , Via a sign seen at a Costco store in Orlando, Florida .
You can join today. Please see our
membership counter for details, Via a sign seen at a Costco store in Orlando, Florida .
Ultimately, Costco doesn't think it's fair for non-members to access perks intended for members.
We don't feel it's right that non-members receive the same benefits and pricing as our members, Costco, via statement.
Costco made such statements last year when it started requiring photo IDs to be presented with membership cards at self-checkouts.
In January, some stores began requiring
membership cards to be scanned at store entrances to limit non-member entry and membership sharing.
A basic Costco membership is $60 per year.
An executive membership, which offers
perks such as cash back, costs $120 per year.
In 2023, membership fees accounted for
73% of Costco's total profit, CBS News reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Vivek Ramaswamy won't be Donald Trump's running mate, per Bloomberg. Trump aims to include him in his administration despite this decision. Ramaswamy withdrew from the presidential race after Iowa. He endorsed Trump and suspended his campaign. Trump has several potential vice presidential candidates, including Tim Scott and Ron DeSantis.
#VivekRamaswamy #DonaldTrump #Trump2024 #RamaswamyTrump #RonDesantis #Trump #Truthsocial #VicePresident #Worldnews #USelections #IndiaNews #Oneindia #Oneindianews
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Reddit Prices Shares , at $34 in IPO.
Reddit will go public on March 21 and has priced
its IPO at $34 a share, Yahoo Finance reports.
That is about a $6.4 billion valuation.
A social media company hasn't gone
public since Pinterest in 2019.
Reddit gained increased recognition
amid the meme stock craze of 2021.
Reddit had 500 million site visitors in 2023.
Its revenue increased 20%
from 2022 to $804 million.
According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence.
We are exploring business
opportunities in licensing data
for purposes including machine
learning, business analysis, display
and training generative AI models, Reddit, via S-1 filing.
1.76 million shares have been set aside for eligible Reddit users and moderators. .
Headline venture partner Kamran Ansar
said the decision lends itself to volatility. .
You may see a big run up in
the stock price and a drop, Headline venture partner Kamran Ansar, via statement.
Because this has such a rabid
community around it, the Reddit
users, you could see Reddit itself
ironically become a meme stock
the way that you saw happen
with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Experts Say Fed's , Rate Hikes Could Impact , Housing Market for Decades.
Yahoo Finance reports that the housing market
has been showing signs of bouncing back as
this year's spring home-buying season begins.
For the second week in a row, mortgage rates
fell, reaching the lowest level in over a month. .
According to Freddie Mac, the average rate
on a 30-year fixed mortgage dropped to
6.74% from 6.88% the week before.
At the same time, supply is also
starting to rebound, with new listings
hitting a 17-month high in February. .
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
According to economist Gary Shilling, the Fed's
campaign has created a "perfect storm,"
with higher rates causing would-be
home sellers to put their plans on hold. .
It won't continue
indefinitely, but it certainly
is disruptive right now, Gary Shilling, Economist, via Yahoo Finance.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
There's going to be low
supply for a long time to
come. What the Fed did…
will have a 30-year tail on it, Glenn Kelman, Redfin CEO, via Yahoo Finance.
Yahoo Finance reports that mortgage rates may be
unlikely to fall much further in the near term, meaning
that a more substantial rebound may still be far off.
Credit: Wibbitz Top Stories Duration: 01:30Published
Consumer Prices , Rose 0.4% in February.
The Bureau of Labor Statistics released
its latest data on March 12.
In February 2024, prices rose 0.4%
compared to January and 3.2% year-over-year, according to the Consumer Price Index (CPI).
The figures, which are greater than expected, represent the biggest monthly increase since September, Yahoo Finance reports. .
The index for housing rent rose 0.5% in February.
Gas prices rose 3.8%.
While food prices held steady for the month, they increased 2.2% year-over-year.
The Federal Reserve will use the latest data to help determine its position on interest rates on March 20. .
Experts predict that rates will
remain unchanged for the time being.
The market is now eyeing June for the possibility of rate cuts, Yahoo Finance reports. .
Fed Chair Jerome Powell recently said
that while interest rates will likely
be cut "at some point this year,"
"a little bit more data" is needed.
Credit: Wibbitz Top Stories Duration: 01:31Published
The Kansas City Chiefs can breathe a big sigh of relief after night one of the NFL Draft ... 'cause their decision to select Texas receiver Xavier Worthy in the.. TMZ.com
Tragedy strikes as an Indian-origin man is fatally shot by US police in San Antonio, Texas. The man, wanted for assaulting his roommate, faces a fatal encounter with law enforcement. Join us as we delve into the details of this heartbreaking incident and the questions surrounding the use of force by police.
#IndianOriginMan #USNews #IndianAmericans #IndiaUSTies #IndiaUSRelations #USPolice #USPolice #SanAntonio #EncounterinUSA #Oneindia
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Deadly Storms , Forecast to Cross , 1,000 Miles of the US.
'Newsweek' reports meteorologists have warned
that a life-threatening storm could impact millions of
people across the central United States this week.
On April 23, AccuWeather issued a warning regarding , "one of the most widespread severe
weather events so far in 2024.".
According to AccuWeather, the incoming storm , "will unleash tornadoes, hard-hitting hail
and damaging winds across a dozen states.".
On April 25, the first storm of the system is set
to arrive, closely followed by subsequent storms
expected to last throughout the weekend.
AccuWeather warned the storms are expected to pose a , "significant risk to lives and property.".
All modes of severe weather
are likely with the multiple-day
event in the central U.S, Bernie Rayno, AccuWeather Chief
On-Air Meteorologist, via 'Newsweek'.
Two storms, off the Pacific
coast on Tuesday, will swing
across the West and cause
moisture to surge northward from
the Gulf of Mexico while, at the
same time, temperatures surge, Bernie Rayno, AccuWeather Chief
On-Air Meteorologist, via 'Newsweek'.
'Newsweek' reports that the
states at greatest risk are:, Illinois, Indiana, Iowa, Missouri, Arkansas,
Oklahoma, Kansas, Kentucky, Tennessee,
Mississippi, Louisiana and Texas.
According to AccuWeather, the storm is expected to cross
an estimated 1,000 miles on April 26, passing into
central Texas all the way from southern Minnesota. .
In addition to dangerous storm conditions,
the National Weather Service has warned
that critical fire weather conditions, "will also be present across parts of the
Southwest into the southern High Plains."
Credit: Wibbitz Top Stories Duration: 01:30Published
Cops in Texas have launched an investigation with the help of the FBI after a small town's Mayor received a threatening package in the mail ... which included a.. TMZ.com
Jeff Bezos's move to Miami from Seattle has allowed him to sell 24 million shares of Amazon, worth... IndiaTimes - Published Also reported by •Zee News
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