Today’s newsletter is brought to you by… | | Greetings ! | Pick a winner in this week’s world famous News HaikuTM competition in today’s poll below. Now let’s talk about today’s news you Need2Know, shall we? | —Matt Davis, Need2Know Chedditor | | News You Need2Know | | If you like this newsletter, why not forward it to a friend so they can subscribe here? If you don’t, why not forward to an enemy? Thank you! |
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| | What’s the stock market up to, eh? | $SPX ( ▼ 0.28% ) $DJI ( ▼ 0.52% ) $NDX ( ▼ 0.08% ) | | Companies mentioned in today’s newsletter | $GOOGL ( ▼ 1.26% ) $MSFT ( ▼ 0.47% ) $AMZN ( ▲ 1.12% ) | | IRS furloughs nearly half its workforce | | The Internal Revenue Service is furloughing nearly half its workforce, halting numerous operations as the ongoing government shutdown deepens its impact. Over 34,000 employees are now in furlough status, leaving just over 39,000 workers to manage critical tasks. | I mean, obviously it’s terrible. On the other hand, there’s less risk of your taxes being audited. Sooooooo. | Key functions like taxpayer services, call centers, and non-automated tax collections have been suspended, signaling mounting challenges for taxpayers nationwide. | “Today, due to the government shutdown the American people lost access to many vital services provided by the IRS,” said Doreen Greenwald, National President of the National Treasury Employees Union. She warned that taxpayers should brace for “increased wait times, backlogs, and delays implementing tax law changes as the shutdown continues.” | Oh so it’s bad, then. Okay. | Despite the widespread disruption, the IRS will maintain operations related to preparing for the 2026 tax-filing season and implementing President Donald Trump’s recently passed GOP tax cuts — including exemptions on tips, overtime pay, and Social Security taxes. These cuts are central to Republicans' hopes for boosting next year’s midterm elections. | | | Song of the day: Gatlin, ‘If She Was A Boy’ |  | Gatlin - If She Was A Boy (Official Music Video) |
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| Here’s a song about being gay and religious in Florida by a 19-year-old woman discovering her fears and feelings. She’s 26 now and over the hump. Despite the single’s serious subject matter, sonically “If She Was A Boy” is bright and groovy, writes one critic. Bass, synths, and drums create a light soundscape to contrast the feeling of fear that is present in the lyrics. Enjoy… | | Free yourself from advertising forever! | Now you can sign up for an optional ad-free version of Need2Know! Subscribe for just $5 a month, or $50 a year, and you can continue to enjoy this reasonably high-quality newsletter uninterrupted. Bonus: The immense satisfaction that comes from supporting journalism*! | | | ADVERTISEMENT | | Most firms sell a product. We build plans and take positions. Keebeck is a modern family office for founders and families who want clarity, speed, and alignment. | We co-invest our own capital alongside clients, so the incentives stay aligned. One transparent fee. No product stacking. AI powers our research, cash-flow and tax modeling, and risk monitoring, so you get answers in real time and decisions that hold up in the real world. | Keebeck translates complex data into simple direction and stands next to you through the full life cycle of an investment, not just the pitch. Public markets. Private deals. Estate, tax, and governance. Liquidity when it matters. | We measure success in outcomes, not AUM. We show our work: every model, every assumption, every fee. | If you want spreadsheets, hire a software developer. If you want a partner with skin in the game, call Keebeck Wealth Management. | Keebeck Wealth Management Helping you become the CEO of your capital. | | *This counts as journalism, right? | |
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| Google pulls back on working remotely | | Google $GOOGL ( ▼ 1.26% ) is scaling back its popular "Work From Anywhere" (WFA) policy, originally introduced during the COVID pandemic. The policy, which allowed employees to work from locations outside their main offices for up to four weeks per year, now has stricter limits. Changes include counting any remote work – even for just one day in a given week – as a full WFA week. | “Whether you log 1 WFA day or 5 WFA days in a given standard work week, 1 WFA week will be deducted from your WFA weekly balance,” stated an internal document shared with employees earlier this year. | The shift aligns with broader industry trends, as tech giants like Amazon $AMZN ( ▲ 1.12% ) and Microsoft $MSFT ( ▼ 0.47% ) roll back pandemic-era remote work policies. John Casey, Google’s vice president of performance and rewards, clarified the rationale during a recent all-hands meeting, emphasizing that WFA was “meant to meet Googlers where they were during the pandemic.” | As employees adapt to tighter rules, many questions about flexibility remain. One employee asked why remote work for one day counts as a full week. | Maybe someone should Google “why remote work policies are good for your business.” | | | Today on the ‘gram: For the love of God, nooooo |  | cheddar776K followers | |
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