logo
Fareed Zakaria predicts who will ‘win' in Trump-Musk battle

Fareed Zakaria predicts who will ‘win' in Trump-Musk battle

CNNa day ago

Fareed Zakaria predicts who will 'win' in Trump-Musk battle
CNN's Fareed Zakaria discusses the bitter feud between President Donald Trump and tech billionaire Elon Musk and who he predicts Republicans will side with in the end.
00:49 - Source: CNN
Trump on Musk: 'The poor guy's got a problem'
In a phone call with CNN's Dana Bash, President Donald Trump said he is 'not even thinking about' billionaire Elon Musk and won't be speaking to him in the near future. The comments come a day after Trump and Musk traded barbs on social media as their relationship deteriorated in spectacular public fashion.
00:43 - Source: CNN
No aliens here: Research disputes possible 'signs of life' on another planet
In response to hints of "biosignatures" found on a world called K2-18b, new research suggests there's a lot of uncertainty surrounding the exoplanet. CNN's Ashley Strickland reports on the ongoing scientific discourse around the search for extraterrestrial life.
00:43 - Source: CNN
Reporter: Trump made $1 billion in crypto in 9 months
CNN's Erin Burnett talks with Forbes Magazine's Dan Alexander about President Donald Trump's stunning ownership of billions of dollars worth of crypto.
02:19 - Source: CNN
Russia launches strikes across Ukraine
Russia launched waves of drones and ballistic missiles at multiple targets across a broad swath of Ukraine overnight killing at least four people in the capital Kyiv and wounding around 40 across the country.
00:32 - Source: CNN
See moment Trump criticized Musk in Oval Office
President Trump said he was 'very disappointed' with Elon Musk, as the tech billionaire and former adviser continues to blast Trump's massive tax and spending cuts package. The bill is estimated to add $2.4 trillion to the deficit over the next decade. Musk responded on X in real-time saying that he never saw the bill before it passed and said the elimination of America's electric vehicle tax incentives has nothing to do with his opposition to Trump's bill.
01:15 - Source: CNN
Minneapolis Fed official reacts to report questioning US inflation data accuracy
Some economists are questioning the accuracy of recent US inflation data amid federal staffing shortages impacting the Bureau of Labor Statistics. Federal Reserve Bank of Minneapolis President & CEO Neel Kashkari discusses how he's looking at other data sets beyond BLS with CNN's Erin Burnett.
01:55 - Source: CNN
Judge threatens to remove 'Diddy' from his own trial
US District Judge Arun Subramanian warned the defense team for Sean 'Diddy' Combs that he will be removed from the New York City court room where he is on trial facing charges that include racketeering, sex trafficking and transportation to engage in prostitution.
01:18 - Source: CNN
German leader on 'terrible' impact of Trump's tariffs
In an interview with CNN's Jake Tapper, German Chancellor Friedrich Merz talks about the impact President Trump's tariffs are having on the auto industry.
01:13 - Source: CNN
Do home water filters remove fluoride? Dr. Sanjay Gupta explains.
CNN's Chief Medical Correspondent Dr. Sanjay Gupta answers your questions about filtering out fluoride from your tap water and explains why it's not really necessary.
01:20 - Source: CNN
Chinese researchers charged with smuggling
Two Chinese researchers have been charged with smuggling a "potential agroterrorism weapon" into the US in a wad of tissues, according to an FBI affidavit. CNN's Max Foster explains how laboratory testing discovered a sample containing a DNA sequence with the potential to cause a fungal disease that could decimate crops, and impact human health.
01:10 - Source: CNN
Trump administration takes hundreds of migrant children out of their homes, into government custody
The Trump administration is taking hundreds of migrant children already residing in the United States out of their homes and into government custody, at times separating them from their families and making it more difficult for them to be released, according to multiple sources familiar with the matter.
01:13 - Source: CNN
Venezuelans in Florida react to Trump's new travel ban
President Donald Trump signed a proclamation to ban travel from several countries to the US, citing security risks, with one of the countries being Venezuela. Venezuelans in Florida reacted to the ban, with one worrying about their visa.
01:14 - Source: CNN
DNC Trolls Trump with Taco Truck
The Democratic National Committee parked a taco truck outside the RNC headquarters in Washington DC Tuesday, as a way to troll the president over an acronym created by a Financial Times commentator about the president's frequent walk backs and pauses to his tariff's.
00:52 - Source: CNN
Greta Thunberg sails to Gaza
Greta Thunberg has set sail with eleven other activists to Gaza. The activist group they're part of, The Freedom Flotilla Coalition, is attempting to bring aid and raise international awareness over the ongoing humanitarian crisis in the territory.
00:59 - Source: CNN
Cassie Ventura's friend testifies Diddy held her over a balcony
Bryana Bongolan, a friend of Cassie Ventura who goes by Bana, testified today about an incident with Sean 'Diddy' Combs in 2016 when she said that she was 'held over a 17-story balcony' by the music mogul. CNN's Elizabeth Wagmeister reports.
01:48 - Source: CNN
Record rain floods Mexico City, traps people
Mexico City was hit with record rainfall that didn't relent for more than five hours Monday night, marking the heaviest rain since 2017, according to water management officials. CNN's Valeria León walks a flooded avenue of the nation's capital after emergency crews worked through the night to rescue several trapped drivers.
00:43 - Source: CNN
ICE chief defends agents wearing masks during immigration raids
Acting ICE Director Todd Lyons is defending federal immigration agents for wearing masks during raids across the US, citing safety concerns. The tactic has sparked backlash and raised questions about transparency and accountability.
00:58 - Source: CNN
Analysis: Why Ukraine's drone attack on Russia just changed the world
CNN's Jim Sciutto explains why Ukraine's large-scale drone attack on Russian air bases thousands of miles behind the front lines struck fear into the heart of every global superpower
01:05 - Source: CNN
Social media video appears to show escaped inmate
A video posted online appears to show Antoine Massey, one of two men who remains on the run after escaping a New Orleans jail, declaring his innocence. Deputy US Marshal Brian Fair told CNN that the US Marshals Service received the video Monday and that the agency is looking into it.
01:08 - Source: CNN

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Army, Trump ready June 14th birthday parade with tanks, rocket launchers
Army, Trump ready June 14th birthday parade with tanks, rocket launchers

UPI

time14 minutes ago

  • UPI

Army, Trump ready June 14th birthday parade with tanks, rocket launchers

President Donald Trump congratulates a cadet at the United States Military Academy graduation ceremony in Michie Stadium at West Point, New York, on May 24, and will review the Army's 250th birthday parade on June 14. Photo by John Angelillo/UPI | License Photo June 7 (UPI) -- The U.S. Army celebrates its 250th birthday on June 14th in the nation's capital, which coincides with President Donald Trump's 79th birthday, and will be marked by a parade that may include tanks, rocket launchers and more than 100 military vehicles. With the two birthdays occurring on the same day, the previously scheduled parade that was intended as a relatively small event at the National Mall in Washington, D.C., has grown in size and cost. Up to 300 soldiers and civilians, the U.S. Army Band and four cannons were initially slated to honor the Army's 250th birthday, with seating available for 120 attendees, The Washington Post reported. U.S. Army leaders last year sought a permit for the event, but Trump's election victory has changed its scope, while doubling as an unofficial celebration of the president's birthday. Axios reported the parade will live up to Trump's request for a showcase the U.S. miliatary's might, with dozens of tanks, rocket launchers, missiles and more than 100 other military aircraft and vehicles participating. About 6,600 Army troops will participate, and the Army is paying to house them in area hotels. The parade route has been moved to the northwest portion of Constitution Avenue and will include a flyover of F-22 fighter jets, World War II planes and Vietnam-era aircraft. The event is scheduled to start at 6:30 p.m. EDT at 23rd Street and continue along Constitution Avenue N.W. to 15th Street. Trump will review the parade on the Ellipse. The event has an estimated cost of nearly $45 million, including more than $10 million for road repairs after the heavy military equipment passes over. The parade's estimated cost has Senate Armed Services Committee Chairman Roger Wicker, R-Miss., skeptical about its benefits. "I would have recommended against the parade," Wicker told an interviewer on Thursday, but the Department of Defense wants to use it as a recruiting tool. "On the other hand, [Secretary of Defense Pete Hegseth] feels that it will be a once-in-a-lifetime opportunity for thousands of young Americans to see what a great opportunity it is to participate in a great military force," Wicker said. "So, we'll see."

How CPAs Should Speak To Clients As Crypto Adoption Accelerates
How CPAs Should Speak To Clients As Crypto Adoption Accelerates

Forbes

time18 minutes ago

  • Forbes

How CPAs Should Speak To Clients As Crypto Adoption Accelerates

CPAs need to be educated on crypto to better advise clients CPAs have been discussing crypto for years, but given the rapidly (and positively) changing regulatory and policy environment it seems a good time to revisit what might sound like a straight-forward question; how should CPAs approach clients about cryptoassets? While in the past CPAs could have reasonably advised clients to minimize exposure to crypto since the regulatory environment was so uncertain, bankruptcies such as FTX dominated the headlines, and price volatility seemed ingrained into the asset class. Over the last 12-18 months, however, those narratives have changed significantly, with several developments making the crypto conversation between advisors and clients much more nuanced. Positive momentum on the legislative front at the federal and numerous state levels, the proliferation of spot crypto ETFs, the relaxation of previous strict language around including crypto into 401 (k) plans, the comprehensive repayment plans announced by the FTX estate, and the successful IPO of major stablecoin issuer Circle have all contributed to a more optimistic for crypto as 2025 continues to roll forward. Despite these developments, including the actions taken by the OCC and FDIC to allow more institutions to engage with crypto operations, the tax and accounting outlook for crypto has yet to significantly shift. Let's take a look at a few things CPAs need to keep in mind when discussing crypto with clients as positive momentum continues to accelerate. Given the nearly continuous flow of positive headlines around cryptoassets and the increased frequency with which investors of all sizes are allocating funds to said assets CPAs might very well be speaking with clients who fear missing out on these returns. That said, the investing adage that past success does not indicate future performance holds equally as true for crypto as any other asset class. For example, bitcoin has traded as low as $70,000 in 2025 prior to rebounding back about $100,000 beginning in May 2025; volatility remains an embedded part of the crypto ecosystem. For CPA clients seeking to integrate cryptoassets as part of a treasury allocation, accepting cryptoassets for payment purposes, or seeking to advise external clients whether crypto is a good fit for operations the pressure to invest in crypto can be significant. A responsibility of CPAs across the board is to make sure that any and all clients interested in crypto are only investing in these assets if the assets are well understood, and are a good fit for the business model of the firm. Despite the positive changes that have permeated into the cryptoasset sector the tax ramifications of these the fact remains that taxes are an obstacle to wider utilization of crypto for business purposes. Virtually every single transaction, transformation, or exchange that involves cryptoassets will create a tax reporting and potential tax payment obligation, and this has not changed even as the usage and adoption of crypto continues to accelerate. This is especially true for individuals that engage in higher volume trading or business activities, as several changes in particular will impact businesses using crypto. Specifically, changes that are related to IRS code section 6045 and 6050I, including the pivot to a universal wallet tracking methodology, are set to complicate the accounting for crypto transactions and gains. With further changes coming to the marketplace beginning January 2026, and while DeFi broker regulations (with an effective date in 2027) have been sidelined for now, the tax conversation around crypto is far from over. CPAs are already trusted as business and tax advisors, and especially as it is connected to crypto the value that can be added to a client via improved tax information is difficult to overstate. An often repeated issue and statement that can arise with the onboarding of cryptoassets is the perception that internal controls are less important since underlying blockchains are usually perceived as immutable and unhackable. Even if the blockchain itself has proven itself resilient and impervious to hacking attempts the multitude of hacks and data breaches that have occurred in the cryptoasset sector should serve as a reminder that internal controls are always important. Specifically the recent data breach at Coinbase should be illustrative to potential users and investors in crypto; even one of the most highlight regulated and well regarded institutions in the crypto sector suffered a data breach due to social engineering attacks on certain employees. For smaller institutions or entrepreneurs looking to gain exposure to crypto the importance of establishing and improving internal controls around cryptoassets and crypto policies should be an imperative. CPAs are well versed in assisting clients in the establishment and improvement of controls and control frameworks, and the importance of controls around crypto is no different. Crypto continues to make inroads across the economic board, and CPAs need to be well-prepared to discuss these issues with clients now and going forward.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store