Microsoft Just Laid Off 4,800 Employees. It’s a Warning Beyond the Tech Industry

Live shopping is the television home shopping experience rebuilt for the internet. A host goes live on a platform, demonstrates a product, takes questions from viewers in the comments and offers a limited-time deal. Viewers buy with a single tap, without leaving the stream. The format collapses the distance between discovery and transaction to mere…

The classic blue color of denim has an environmental cost: Dyeing a single pair of jeans uses 20 gallons of water and requires industrial chemicals. But a new approach to digital printing re-creates the same look with around 2 tablespoons of water and bio-based dyes. A startup called Wtrlss, now beginning to work with major…

Key insights: Klarna has submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to establish Klarna Bank. What’s at stake: The buy now/pay later lender and aspiring neobank joins Affirm, PayPal and dozens of other fintechs that hope to become a bank.   Forward look: If approved, Gary Harding, former…

SpaceX Q2: A Monster Beat, A Broken Valuation (Strong Sell)

Self-employed individuals with no employees can open a solo 401k and contribute as both employee and employer: the full annual 401k limit on the employee side plus a percentage of business profits on the employer side. The combined ceiling far exceeds what an IRA allows and can significantly reduce your taxable self-employment income. Source

The Central Board of Direct Taxes (CBDT) has issued a guidance note specifying that crypto exchanges and other intermediaries will have to report all transactions on their platforms to the Income Tax department. The objective of the guidance note on crypto asset reporting obligations is to bridge the information gap that existed because…