This tactic to avoid income taxes without moving to Florida could surge thanks to a ‘silver tsunami’
Rich entrepreneurs can use an ING trust to save on income tax without leaving high-tax states. Top earners continue to flock to states with little to no income tax such as Florida and Texas. It’s an especially smart move if you’re about to sell a business. As for rich entrepreneurs who aren’t ready to make…
This radical plane concept with an all-in-one wing could be the future of flight. See the leading designs from startups and Airbus.
Passenger blended-wing concepts from Airbus and startups JetZero and Natilus hope to shake up the airline industry. Aircraft manufacturers are racing to build the jet of the future as airlines demand more efficient planes. Among the most likely concepts is a “blended-wing” body aircraft, which combines the fuselage and wing into one. This deviates from…
Ukraine fooled Russia with the same deceptions Germany used at WWII’s Battle of the Bulge
Some of Ukraine’s tactics in its surprise attack into Russia’s Kursk region resembled German methods in the Battle of the Bulge. When Ukraine unleashed its Kursk offensive in August, it wasn’t just the Russians who were surprised. Some experts had argued that large-scale attacks were no longer possible in modern warfare. Any attempt to mass…
The US says it will send more warships and bombers to the Middle East as tensions persist between Iran and Israel
The US military is deploying “several” B-52 bomber jets to the Middle East. The United States is sending bombers and warships to the Middle East as Iran and Israel trade threats of retaliatory strikes. The Pentagon announced on Friday that the United States will send ballistic missile defense destroyers, tanker aircraft, and “several” US Air…
China is closing a South China Sea surveillance gap with a new radar made to spot stealth aircraft, satellite images suggest
The synthetic impulse and aperture radar is purported to have advanced counter-stealth capabilities. China appears to be closing surveillance gaps in the South China Sea with the construction of a new radar said to have counter-stealth capabilities on Triton Island, new satellite images show. This project, especially if the radar functions as advertised, could complicate…
Inflation isn’t going anywhere, and higher rates could spark a 12% downturn for stocks in the coming year, veteran strategist says
Households and companies may be breathing a sigh of relief as borrowing costs move lower, but they shouldn’t get comfortable because rates and inflation are going to remain high — and that reality could spark a big drop for stocks in the next year, Wall Street veteran Bill Blain said. Blain, a longtime strategist and…
The US is pumping more oil than ever, and it’s complicating things for other crude-exporting countries
The US is pumping a record amount of oil. But that may not be welcome news to other crude-producing nations. Domestic output reached 13.4 million barrels a day in August, eclipsing all previous monthly records. According to US Energy Information Administration data, firms in Texas and New Mexico led the surge. That level of production…
Morgan Stanley has a new innovation chief. Expect more OpenAI-like partnerships.
Morgan Stanley’s Sean Manahan at the bank’s Tech Week event in Palo Alto, California. When Morgan Stanley and OpenAI announced their blockbuster partnership at the beginning of 2023, it signaled a competitive advantage for the Wall Street bank. Morgan Stanley, since then, has co-developed a handful of generative AI tools with the AI powerhouse for…
Sam Altman explains OpenAI’s shift from open to closed AI models
Sam Altman explained OpenAI’s thinking on open- and closed-source models in a recent Reddit AMA. Why doesn’t OpenAI open-source the AI models behind ChatGPT if the company is called OpenAI? It boils down to what OpenAI is “good at” and the pathway to hitting the company’s safety thresholds for its AI models, CEO Sam Altman…
