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.
CNBC
Region: United States
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Stories Indexed: 363
IEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market
The Iran and Ukraine wars are adding pressure to an oil refining system "stretched to the limit," the International Energy Agency warned Friday, as it once again cut its global supply and demand forecasts amid the ongoing energy shock.
Oracle jumps 6% after reporting 30% revenue growth fueled by AI cloud demand
Oracle's shares jumped in premarket trading on Friday after it reported 30% revenue growth in its fiscal first quarter, fueled by strong demand for its cloud services and rapid data center expansion.
25 years after 9/11, the U.S. starts rolling back travel restrictions, from liquids to gate access
The Sept. 11, 2001, terror attacks reshaped how we travel, from how we pack our toiletries to what we wear when we fly. Airport checkpoints for almost a quarter century for most travelers have meant shoes off. Limitations on liquids. And no tearful, cinematic gateside farewells o...
Trump dismisses AI extinction risks as more than a dozen OpenAI, Anthropic insiders call for a slowdown
Trump said he isn't concerned AI could cause human extinction as researchers at leading AI companies warn about rapid advances and lawmakers propose safeguards.
Why fears of AI self-improvement are causing ‘existential’ concerns at Anthropic and OpenAI
AI researchers are warning that faster AI self-improvement could eventually make advanced systems harder for humans to control.
The oil shock is testing private credit borrowers already burdened by high debt costs
Oil near $100 could further squeeze leveraged private credit borrowers as investors weigh the risk that inflation could push interest rates higher again.
Further European rate hikes 'very much dependent' on energy costs, Bundesbank chief tells CNBC
Joachim Nagel told CNBC that a potential move in rates into restrictive territory was "very much dependent on how the energy prices evolve."
Treasury yields steady as traders await consumer inflation data amid oil price pressure
U.S. Treasurys steadied on Friday, as bond markets remained on edge after yields surged to multiyear highs during Thursday's session.
Iran-backed Houthis seize key port in Yemen, advance on another vital oil choke point
The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.
U.S. diesel price tops $6 per gallon, a record high as Ukraine and Iran wars ripple through economy
U.S. diesel prices hit their highest level ever as fuel supply disruption stemming from the Ukraine and Iran wars lifts transportation costs.
Jamie Dimon joins bankers lobbying the UK ahead of its critical budget — here’s why they’re worried
Bankers are pressuring the British government ahead of its Autumn Budget, in which the newly minted leadership will lay out its fiscal plans for Britain.
Fintechs conquered payments in India. Now they're eyeing credit
Fintech companies, the driving force behind the adoption of digital payments in India, are now focusing on offering credit to the underserved population.
A Chinese humanoid startup flips 'distillation' claim on OpenAI as it releases a new robotics model
Ant-backed startup JoyIn's CEO published an article in Chinese that raised questions about similarities between his company's new model and OpenAI publications.
Modi and Xi are set to meet at BRICS with trade and border issues in spotlight
A meeting with Prime Minister Narendra Modi would be the clearest test yet of the tentative post-2020 reset between Asia’s two largest economies.
China's global hunt for tax revenue may be just getting started
Beijing's recent push to tax offshore wealth may be only the opening phase of a broader campaign that could eventually reach overseas properties, inheritances.
China-Philippines tensions simmer after Beijing rebukes Manila over Seoul clash
China and the Philippines have been locked in years of tension over their competing claims in the South China Sea, with friction intensifying in recent months.
Investors seek hedges as midterms and geopolitical risks threaten market calm
Investors are starting to seek more protection against stock market swings as a historically volatile period for markets approaches.