California mulls ‘Elon Musk tax’ to keep wealthy from bolting to Texas
It’s already controversial among lawmakers.
BUSINESS
‘Elon Musk tax’ could stop California businesses moving to Texas – mySA
Silicon Valley billionaires: the grass may not be greener in Texas for much longer. California lawmakers are considering a “wealth tax” that would not only introduce a 1.5% tax on net worth in excess of $1 billion by 2024, but also allow the state to pursue that tax for former residents who flee the state … Read more
Spotify Will Cut About 6% of Jobs in Latest Tech Layoffs – mySA
(Bloomberg) — Spotify Technology SA is planning to cut about 6% of its employees, or around 600 employees, joining a slew of technology companies from Amazon.com Inc. to Meta Platforms Inc. in announcing job cuts to lower costs. The move was announced in a filing Monday morning, confirming reports from over the weekend that there … Read more
Microsoft invests billions in ChatGPT-maker OpenAI – mySA
Microsoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write readable text and generate new images. The tech giant on Monday described its new agreement as the third stage of a growing partnership with San Francisco-based OpenAI that began with … Read more
Caring Senior Service makes the 2023 Franchise Business Review top franchises list for second year in a row – Yahoo Finance
The review’s independent survey shows that franchise owners of the San Antonio-based non-medical senior home care company are highly satisfied with its performance SAN ANTONIO, Jan. 23, 2023 /PRNewswire/ — For the second year in a row, Caring Senior Service, a private-duty, non-medical senior home care services company, has been recognized as one of the … Read more
Leading SA: Interim President & CEO of San Antonio Chamber of … – KSAT San Antonio
SAN ANTONIO – The Texas legislative session is now underway, and big decisions in the Capitol impact our finances. Dave Peterson, the interim president and CEO of the San Antonio Chamber of Commerce, joined Leading SA to discuss their priorities and conversations with lawmakers. “The main priorities for the chamber are economic development incentives. We … Read more
Crypto conglomerate DCG to shut down a Stamford-based business – mySA
STAMFORD — Embattled cryptocurrency conglomerate Digital Currency Group is shutting down one of its Stamford-based subsidiaries, while another of its businesses has filed for bankruptcy and faces federal charges — pressures that reflect widespread disruption in its industry. In a letter last week to shareholders, DCG founder and Chief Executive Officer Barry Silbert said the … Read more