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Kalshi Claims 'Extortion,' Then Recants in Feud Over User Losses

Slashdot.org - Thu, 02/05/2026 - 07:30
Kalshi, the largest U.S. prediction market, accused a small data startup called Juice Reel of "extortion" after a stock analyst used the company's transaction-level data to argue that prediction market users lose money faster than gamblers on traditional betting apps -- then walked the allegation back hours later. The equity research analyst Jordan Bender at Citizens found that the bottom quarter of prediction market users lost about 28 cents of every dollar wagered in their first three months, compared to roughly 11 cents per dollar on sites like FanDuel and DraftKings. Kalshi's head of communications told Bloomberg the report was "flat-out wrong" and called the data an extortion attempt. Juice Reel CEO Ricky Gold said Kalshi had actually pressured him to tell Bloomberg the data was inaccurate. Kalshi later issued an updated statement saying it continued to dispute the findings but "after further review, we don't believe the intention was extortion." The company did not provide any data to counter the analysis.

Read more of this story at Slashdot.

China Has Seized Sony's Television Halo

Slashdot.org - Thu, 02/05/2026 - 05:30
Sony announced last month that it plans to pass control of its home entertainment division -- including the two-decade-old Bravia television brand -- to Chinese electronics group TCL through a joint venture in which TCL would hold a 51% stake. The Japanese company was long ago overtaken in sales by South Korea's Samsung and LG and now holds just 2% of the global television market. Sony stopped making its own LCD screens in 2011. Chinese companies supplied 71% of television panels made in Asia last year, according to TCL, and less than 10% are now produced in Japan and Korea. TCL is close to overtaking Samsung as the world's largest television maker. Sony retains valuable intellectual property in image rendering, and the Bravia brand still carries consumer recognition, but its OLED screens are already supplied by Samsung and LG. The company has been shifting toward premium cameras, professional audio, and its entertainment businesses in film, music, and games -- areas where intellectual property is less exposed to Chinese manufacturing scale.

Read more of this story at Slashdot.

Munich Makes Digital Sovereignty Measurable With Its Own Score

Slashdot.org - Thu, 02/05/2026 - 03:00
alternative_right writes: The city of Munich has developed its own measurement instrument to assess the digital sovereignty of its IT infrastructure. The so-called Digital Sovereignty Score (SDS) visually resembles the Nutri-Score and identifies IT systems based on their independence from individual providers and 'foreign' legal spheres. The Technical University of Munich was involved in the development. In September and October 2025, the IT Department already conducted a first comprehensive test. Out of a total of 2780 municipal application services, 194 particularly critical ones were selected and evaluated based on five categories. The analysis already showed a high degree of digital sovereignty: 66% of the 194 evaluated services reached the highest levels (SDS 1 and 2), only 5% reached the critical level 4, and 21% reached the most critical level 5. The SDS evaluates not only technical dependencies but also legal and organizational risks.

Read more of this story at Slashdot.

Google's February 2026 Discover Core Update

GoogleWebmasterCentral - Thu, 02/05/2026 - 01:00

Today we've released the February 2026 Discover core update. This is a broad update to our systems that surface articles in Discover. Our testing shows that people find the Discover experience more useful and worthwhile with this update.

Categories: Web

Vanguard Money Market & Target Retirement Funds: Claim Your State Income Tax Exemption (Updated 2026)

MyMoneyBlog.com - Wed, 02/04/2026 - 17:41

Updated for 2026. Tax time is here again, and if you earned interest from a money market fund, a significant portion of this interest may have come from “US Government Obligations” like Treasury bills and bonds, which are generally exempt from state and local income taxes. However, in order to claim this exemption, you’ll likely have to manually enter it on your tax return after digging up a few extra details.

(Note: California, Connecticut, and New York exempt dividend income only when the mutual fund has met certain minimum investments in U.S. government securities. They require that 50% of a mutual fund’s assets at each quarter-end within the tax year consist of U.S. government obligations.)

Vanguard has recently released the U.S. government obligations income information for Tax Year 2025 [pdf] for all their funds, which states:

This tax update provides information to help clients properly report state and local tax liability on ordinary income distributions received from mutual fund investments in 2025.

On the next page, you’ll find a list of Vanguard funds that earned a portion of their ordinary dividends from
obligations of the U.S. government. Direct U.S. government obligations and certain U.S. government agency
obligations are generally exempt from taxation in most states.1

To find the portion of Vanguard dividends that may be exempt from your state income tax, multiply the amount of “ordinary dividends” reported in Box 1a of your Form 1099-DIV by the percentage listed in the PDF. Note that on the IRS Form 1099-INT, there is a special Line 3 that includes “Interest on US Savings Bonds & Treasury obligations”. However, for the Vanguard funds, they report on 1099-DIV and not 1099-INT. My Vanguard 1099-INT was all zeros.

For the default cash sweep Vanguard Federal Money Market Fund (VMFXX), this percentage was 66.61% in 2025. (For reference, it was 59.87% in 2024 and 49.37% in 2023.) Therefore, if you earned $1,000 in total interest from VMFXX in 2025, then $666.10 could possibly be exempt from state and local income taxes. If your marginal state income tax rate was 10% that would be a ~$67 tax savings for every $1,000 in total interest earned. For 2025, this fund DID meet the threshold requirements for California, Connecticut, and New York, which require that 50% of the fund’s assets at each quarter-end within the tax year consist of U.S. government obligations.

In comparison, the Vanguard Treasury Money Market Fund (VUSXX) had a GOI percentage of 100% in 2025. (For reference, it was 100% on 2024 and 80.06% in 2023.) If your marginal state income tax rate was 10% that would be a $100 tax savings for every $1,000 in total interest earned.

The total income return for Vanguard Federal Money Market Fund (VMFXX) was 4.22% and Vanguard Treasury Money Market Fund (VUSXX) was 4.23% over the 12-month period of 2025, meaning the pre-tax return was basically the same. This is why many people chose to manually buy VUSXX instead of the default settlement fund as it can earn you a higher after-tax interest rate.

(Why doesn’t Vanguard let you use VUSXX as your cash sweep? Most likely due to the many inflow and outflows of a cash sweep, those liquidity concerns make it hard to hold everything in Treasury bonds. I’m guessing that repurchase agreements are more liquid.)

The following Vanguard funds and ETF equivalents have 100% of their interest from US government obligations:

  • 0-3 Month Treasury Bill ETF (VBIL)
  • Ultra-Short Treasury ETF (VGUS)
  • Short-Term Treasury Index Fund (VGSH, VSBSX)
  • Intermediate-Term Treasury Index Fund (VGIT, VSIGX)
  • Long-Term Treasury Index Fund (VGLT, VLGSX)
  • Extended Duration Treasury Index Fund (EDV)
  • Short-Term Inflation-Protected Securities
    Index Fund (VTIP, VTAPX)
  • Inflation-Protected Securities Fund (VIPSX, VAIPX)

Note that several other Vanguard funds have a lower but nonzero percentage of dividends from US government obligations, including the popular Vanguard Target Retirement 20XX funds (up to 33-34% for Target Retirement 2020 and Target Retirement Income!). Definitely worth a closer look for residents with high state/local income tax rates, especially those closer to retirement (holds more bonds).

To obtain these tax savings, you’ll have to manually adjust your state/local income tax return. I don’t believe that TurboTax, H&R Block, and other tax software will do this automatically for you, as they won’t have the required information on their own. (I’m also not sure if they ask about it in their interview process. You may need to click on certain spot.) If you use an accountant, you should also double-check to make sure they use this information. Here is some information on how to enter this into TurboTax:

  • When you are entering the 1099-DIV Box 1a, 1b, and 2a – click the “My form has info in other boxes (this is uncommon)” checkbox.
  • Next, click on the option “A portion of these dividends is U.S. Government interest.”
  • On the next screen enter the Government interest amount. This will be subtracted from your state return.

Standard disclosure: Check with your state or local tax office or with your tax advisor to determine whether your state allows you to exclude some or all of the income you earn from mutual funds that invest in U.S. government obligations.

[Image credit – Tax Foundation]

Categories: Finance

Distribution Release: Emmabuntüs DE5-1.05

DistroWatch.com - Wed, 01/28/2026 - 04:35
The DistroWatch news feed is brought to you by TUXEDO COMPUTERS. The Emmabuntüs project has published an update for its DE5 branch. The new version improves volume handling, makes it easier to install WINE, and offers updated Italian language support. "The Emmabuntüs Collective is pleased to announce the release of Emmabuntüs Debian Edition 5 version 1.05, available in 32-bit....
Categories: Linux

Distribution Release: DietPi 10.0

DistroWatch.com - Wed, 01/28/2026 - 04:35
The DistroWatch news feed is brought to you by TUXEDO COMPUTERS. DietPi is a Debian-based Linux distribution, primarily developed for single-board computers such as Raspberry Pi, Orange Pi or Odroid. It also supplies builds for 64-bit x86 personal computers and virtual machines. The project's latest release, version 10.0, introduces some important changes and drops support for some old single-board....
Categories: Linux

DistroWatch Weekly, Issue 1157

DistroWatch.com - Wed, 01/28/2026 - 04:35
The DistroWatch news feed is brought to you by TUXEDO COMPUTERS. This week in DistroWatch Weekly:
Review: Setting up a home server
News: Malicious software finds a new way into the Snap store, postmarketOS automates more hardware tests, KDE's new login manager works with systemd only
Questions and answers: Why convergence has not become popular
Released last week: ELEGANCE 26.0.1, MX Linux....
Categories: Linux

Distribution Release: CachyOS 260124

DistroWatch.com - Wed, 01/28/2026 - 04:35
The DistroWatch news feed is brought to you by TUXEDO COMPUTERS. The CachyOS team has announced the release of an updated ISO image of CachyOS, a Arch-based Linux distribution with the latest KDE Plasma as the chosen desktop on the live image. The new version 260114 comes with a reworked system installer, new Plasma login manager, and Wayland as....
Categories: Linux
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