Beijing said to move to clarify ambiguity in offshore trust tax rules
A growing appreciation of family-oriented leisure pastimes and rapidly increasing prosperity are driving demand for…
Beijing said to move to clarify ambiguity in offshore trust tax rules
A growing appreciation of family-oriented leisure pastimes and rapidly increasing prosperity are driving demand for vessels from dinghies to yachts. Nelson Ching | Bloomberg | Getty Images Beijing is moving to clarify new tax rules on offshore trusts that have sowed confusion among wealthy Chinese citizens and their advisers. China’s State Taxation Administration is conducting…
Here’s how Tesla FSD, Rivian ‘hands-free’ driving systems compare
Rivian’s in-vehicle AI assistant launched in its vehicles on May 12, 2026. Michael Wayland / CNBC DETROIT — What’s the best advanced driver-assistance system on the market? Ask Rivian Automotive‘s new artificial intelligence and it will say its creator. “Rivian’s is truly exceptional … an unmatched blend of safety and technology,” the chatbot told me…
Why no one knows how long software-defined vehicles will last
Americans are keeping their cars longer than ever before, with the average U.S. vehicle age rising to 12.8 years, according to Mobility Global. But some industry analysts and forecasters worry that highly complex software-defined vehicles will age more like smartphones. These vehicles rely on sophisticated computers and software to control many functions that were once…
Berkshire adds $17 billion to Alphabet stake
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire added $17 billion of Alphabet shares in Q2 Zoom In IconArrows pointing outwards Roughly 60% of the 48.1 million shares added during…
How families pay for college as tuition costs soar
Royce Hall at University of California, Los Angeles, July 14, 2026. Kayla Bartkowski | Los Angeles Times | Getty Images With a growing number of colleges and universities costing more than $100,000 a year, higher education is slipping out of reach for many students, several reports now show. Just 12% of surveyed Americans say four-year…
Inflation moderated as Intel and Nvidia fueled the AI trade in last week’s market
No surprises on inflation and new financing developments in the artificial intelligence trade drove the record-breaking action on Wall Street last week. The S & P 500 and Nasdaq both dropped modestly Friday but managed to post their third straight winning weeks. The S & P 500 rose above 7,800 during Thursday’s session for the…
Cannabis reform is emerging as midterms elections issue
A woman holds a “legalize cannabis now” sign outside the U.S. Capitol on Wednesday, May 13, 2026. Bill Clark | Cq-roll Call, Inc. | Getty Images Marijuana has had a history of highs and lows in the U.S. over the past century — legally, politically and culturally — teetering between vilification and acceptance. Since 1996,…
What to know about insurance and taxes
Rep. Alexandria Ocasio-Cortez, D-N.Y., arrives to the U.S. Capitol for the last votes of the week on Friday, May 15, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images When Rep. Alexandria Ocasio-Cortez recently announced on social media that she was freezing her eggs, she called attention to the cost of the procedure. The…
Anthropic revenue jumps to over $11.5 billion in Q2: report
Thomas Fuller | Lightrocket | Getty Images Anthropic‘s revenue surged more than 14-fold in the second quarter from a year earlier, Bloomberg News reported Friday, underscoring the rapid growth of the Claude chatbot maker as it prepares for a potential blockbuster initial public offering. The AI company reported preliminary revenue of more than $11.5 billion…
How this UK exchange is trying to do both in the U.S.
The company runs a betting exchange in the UK and also operates in Ireland, Malta, Sweden and in Indiana, United States. Courtesy: Smarkets Smarkets, a UK-based betting exchange, is making its way into the U.S. by pursuing two separate avenues. The company, which was founded in 2008, filed for a license with the Commodity Futures…
