Alphabet lost $482 billion in market value Thursday, its worst day since going public in 2004. The robotaxi business it’s taking to London and Tokyo barely registers in the third-quarter results behind that drop: Other Bets—the division that houses Waymo—brought in $372 million, about 0.29% of Alphabet’s $127.6 billion in sales, and lost more than…
The effective corporate income tax rate is now the lowest it’s been in decades, and a tapering revenue source for the U.S. government is raising concerns among some policy experts. More than 700 profitable corporations paid 10.4% in current federal income taxes last year, according to a recent report from the Institute on Taxation and…
The brutal business of selling mirrors is not for the fainthearted. The challenge is category differentiation, given that a mirror has one simple task—reflection. One of Greg Jackson’s first jobs was working for a mirror manufacturer which, at best, broke even or made a small profit. And then he had an idea. “We started making…
Greenland has opened a new international airport, seeking to lure visitors from around the world as the Arctic island looks toward eventual independence from Denmark. Thursday’s inaugural international flight between Copenhagen, Denmark, and Ilulissat, Greenland, was part of the island government’s efforts to grow its tourism industry to boost and diversify an economy still reliant…
The Florida Department of Health held a hearing in October 2026 on a proposal to remove four vaccine requirements for entry into school and childcare: Haemophilus influenzae type b, or Hib, chickenpox, pneumococcal and hepatitis B. These vaccines entered use in the U.S. at different times from the early 1980s through 2000. Prior to that,…
Many people are not familiar with the Office for Civil Rights, an office within the U.S. Department of Education that enforces statutes that protect students from discrimination. So, it might help to consider a recent example of this office’s work. In December 2022, the Office for Civil Rights, or OCR, found that Ottumwa Community School…
Dubai’s ambitions to advance technology-driven economic growth and government transformation are well known. Its Digital Strategy, launched in 2023, aims to digitalise all aspects of life in the emirate and establish a system that enhances the digital economy. Its D33 agenda, meanwhile, is a 10-year plan that focuses on doubling Dubai’s economy by 2033 and…
The U.S. scrapped plans for a photo of top diplomats of the Group of 20 largest world economies on the opening day of talks Friday as several Europeans objected to being photographed with Russian Foreign Minister Sergey Lavrov and threatened to walk out of the photo session. The cancellation of the photograph, a traditional opening…
Against the backdrop of an unpopular war in Iran, Secretary of Defense Pete Hegseth announced on July 15, 2026, that the Pentagon would begin testing male service members 30 and older for low testosterone. That, the department later said, would include assessing symptoms of low testosterone such as “reduced libido, loss of spontaneous morning erections,…
Polling is looking grim for Republicans ahead of the U.S. midterm elections on Nov. 3, 2026, due in large part to deep pessimism among the public about the economy. At first glance, this might seem surprising. With the exception of inflation, many economic measures remain strong, including gross domestic product growth. But consumer sentiment continues…