If you earn $650,000 per annum, you can save more than $69,700 in taxes per year by moving from New York to Florida. Recent changes to the US tax code have encouraged an increasing number of people to move – taking their cash to lower-tax states like Florida. Continue reading
Patents do not always evolve into specific businesses and processes. However, a Reuters analysis of more than 5,000 patents granted to Amazon from December 2016 through May 2019 by the US Patent and Trademark Office (USPTO) indicates at least 210 of those patents cover transportation-related topics from drones to automated ground vehicles. The auto-related patent push outpaced tech rivals Apple and Alphabet’s Google, whose sister company Waymo is a self-driving pioneer. Continue reading
Two Democratic senators have asked US Defense Secretary, Mark Esper, if “outside” influence caused him to delay awarding a $10 billion cloud computing contract to Amazon.com. The contract, the Joint Enterprise Defense Infrastructure Cloud (JEDI), is part of a modernization of the Pentagon’s information technology systems. Continue reading
VyStar Credit Union (VyStar) has acquired Citizens State Bank (CSB), a Florida state-chartered bank with $280 million in assets. The acquisition began in2019 with a signed definitive agreement. Since that time, VyStar, CSB and the appropriate regulatory agencies have worked closely to finalize the transaction.
The world’s largest education publisher has taken the first step towards phasing out print books by making all its learning resources “digital first” according to a report by the BBC.
Pearson said students would only be able to rent physical textbooks from now on, and they would be updated much less frequently. The firm hopes the move will make more students buy its e-textbooks which are updated continually. Continue reading
Google LLC, an Alphabet subsidiary, has been hit with a lawsuit alleging it copied a smaller firm’s patented digital advertising technology. Impact Engine filed the complaint in federal court alleging various Google online advertising platforms, including Google Ads and Google AdSense, infringed on six patents. Continue reading
Adobe Analytics reports large US retailers have reported higher sales on the first day of Amazon’s Prime Day shopping event. Large retailers, those with more than $1 billion in annual revenue, saw a 64 percent increase in sales versus an average Monday.
United Parcel Service(UPS), the world’s largest package delivery firm, has revealed its drone delivery subsidiary and applied for the Federal Aviation Administration (FAA) certifications needed to expand the business.