Wealthy investors are pouring billions into this new tax strategy despite risks
Total assets invested in so-called tax-aware long-short strategies — or TALS — have surged to more than $170 billion, according to Tax Alpha Insider.
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Record U.S. cyclosporiasis outbreak is over, CDC says
The largest outbreak, linked to shredded iceberg lettuce from Taylor Farms, sickened more than 12,000 people.
25 years after 9/11, the U.S. starts rolling back travel restrictions, from liquids to gate access
Years after 9/11, the U.S. government is walking back some security screenings as threats and technology evolve.
Macy's posts strong results, raises guidance as turnaround begins to take hold
Macy's posted strong fiscal second-quarter results on Thursday and raised its full-year guidance.
Ford announces $1 billion investment at Kentucky plant following DOT criticism on China
Ford Motor on Thursday announced a $1 billion investment to build a new paint shop at its crucial truck plant in Kentucky.
NFL Commissioner Roger Goodell says league could rework TV packages in next media deal
The NFL has an opt-out clause at the end of the 2029-30 season in which it can resell and redistribute its media rights.
OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services
OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling and pitchbook tasks traditionally handled by junior bankers.
Home sales fall in August despite the highest supply in over a decade
Home sales slowed again despite the highest supply of homes for sale in over a decade. Prices, however, continue to rise.
Kimmel says interview with Senate candidate Talarico won't air on ABC amid FCC threats
ABC has come under increased pressure from the FCC, and the Trump administration has raised concerns about equal air time for political candidates.
NFL's Roger Goodell is playing the international long game ahead of league's Australia debut
Goodell spoke with CNBC Sport ahead of the league's first-ever, regular-season game in Australia this week.
Wealthy investors seek oil and gas assets, but bargains are scarce
The Iran war and the AI boom have created a crowded market for mineral rights and other energy assets.
What a historic summer box office reveals about massive shifts in the theatrical industry
The domestic box office posted a record-breaking summer movie season which was bolstered by an extra week of ticket sales and higher priced premium screenings.
LA Rams President Kevin Demoff touts Australia push ahead of historic NFL game
The Rams spent five years building their brand in Australia. This week, Los Angeles will face San Francisco in the NFL’s first regular-season game Down Under.
How one hedge-fund manager built his firm to be powered entirely by AI agents
It's a stark example of a growing reality on Wall Street as firms test the benefits and limits of AI in finance and on their employees.
LIV Golf files for Chapter 11 bankruptcy protection
As part of the proposed bankruptcy deal, the upstart golf venture is expected to be majority owned by its players.
Trump administration expresses 'profound concern' over Ford's ties to China
In a letter to Ford CEO Jim Farley, U.S. DOT Secretary Sean Duffy questioned the automaker's strategic trajectory involving Chinese companies.
Here’s where rental demand is heading and what it means for future home sales
As U.S. rent prices rise, more tenants are relocating to cheaper markets, according to a new report by Zillow.
The U.S. is trying to reduce its reliance on China for batteries. Here's what it's up against
The Department of Energy has given grants to small battery tech companies. But the U.S. has a few years to do what took China decades.
GM vs. Ford: U.S. defense, energy sectors add to automakers' century-old rivalry
General Motors and Ford are looking for new potential growth areas, including by seeking military contracts and getting into energy storage businesses.
Longtime Fox News host Maria Bartiromo disputes reports of termination
Maria Bartiromo, the longtime host of Fox News and Fox Business programming, has disputed reports she was fired from the cable TV networks.