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Bob Iger, Joshua Kushner to buy Lakers from Mark Walter's ownership group for $12.5 billion Los Angeles TimesExclusive | Bob Iger reveals timing, intimate details of Lakers ‘extraordinary' purchase New York PostMark Walter may have sold Lakers to help pay down loans currently under federal investigation silverscreenandroll.comSources: Josh Kushner, Bob Iger to buy Lakers for $12.5B ESPN
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'Profoundly corrupt': Trump sued in federal court over selling early access to Truth Social posts ABC News - Breaking News, Latest News and VideosTrump sued on First and Fifth Amendment grounds over paid Truth Social access CNNLawsuit seeks to ban Trump Media from charging for early access to president's posts on US policy WBAL-TVTrump sued over Truth Social's $100,000 early access service BBC
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Wall Street is excited about growing backlogs at some AI infrastructure companies, but some experts caution that there's no guarantee all those orders will be carried out.
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The Intercept and Freedom of the Press Foundation say paying subscribers should not get faster access to official government announcements.
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US consumer inflation mild in July, economy still not out of the woods ReutersStock futures are little changed as traders await more inflation data: Live updates CNBCUS Reports Inflation Slowed in July Bloomberg.comUS annual inflation cooled to 3.4% in July as gas prices ease CNNInflation eases in July as gasoline and grocery prices fall
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Karoline Leavitt will step down as White House press secretary, Trump says theguardian.comWhite House press secretary Karoline Leavitt leaving position, President Trump announces WUSA9The 5 White House press secretaries of Trump's presidencies USA TodayTrump says Karoline Leavitt resigning as White House press secretary CNBC
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Stock Market Today: S&P 500 flirts with a record high and Nasdaq gains, while Dow waffles; Treasury yields pare declines after CPI; oil prices slip MarketWatchS&P 500 rises as CoreWeave results fuel AI optimism Yahoo FinanceWall Street gains with AI earnings, inflation data The Detroit NewsWall Street flirts with a record after AI stocks rise and worries about inflation ease a bit Marietta Daily Journal
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The council is raising concerns over what it describes as the "predatory" and "potentially false, deceptive, or abusive" methods of key players in the multibillion-dollar emerging industry.
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The war with Iran injected volatility into the oil and gas market, with prices rising and falling in concert with the conflict.
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In letters to four prediction market platforms, City Council Speaker Julie Menin said the council was also actively considering legislation to address concerns.
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Investors are concerned that Alphabet faces a fresh threat from Nvidia's plans to help fund the AI buildout alongside major Wall Street players.
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Members of Trump's cabinet remained on decoy plane, after Trump's quiet exit BBCEven Some Cabinet Members Didn't Join Trump's Secret Flight. Here's Who Did. The New York TimesJoe Rogan Calls Out Trump's Secret Plane Switcheroo The Daily BeastClose aides, but no Cabinet officials, joined Trump in airport catering truck The Washington Post
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Wendy's stock jumps on report of potential takeover bid from Nelson Peltz's Trian Fund Management CNBCInvestor Nelson Peltz prepares bid for US burger chain Wendy's Financial TimesNelson Peltz's Trian preparing take-private bid for Wendy's qz.comWendy's Stock Soars on Report Trian Partners Prepares Bid to Take Company Private Barron's
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J.J. McCarthy wants to stay with Vikings after losing QB job ESPNVikings Release 1st Unofficial Depth Chart of 2026 Season Minnesota VikingsJ.J. McCarthy believes he's a starter in the NFL NBC SportsJ.J. McCarthy ‘disappointed' by Vikings QB decision; first depth chart released Star Tribune
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Democratic Socialist Falls in Tight Wisconsin Primary for Governor The New York TimesWisconsin Governor Primary Election 2026 Live Results: Hong, Tiffany and More NBC NewsAOC Knows a Lemon When She Sees One The AtlanticFour takeaways from Tuesday's primaries in six states NPRCrowley pushes unity after surprise win against democratic socialist Francesca Hong Politico
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The biggest lessons entrepreneurs learned—as well as what to look for in a coach.
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Live updates: Total solar eclipse sweeps across Europe CNNMillions in UK and Europe left wowed by once-in-a-generation solar eclipse BBCTotal Eclipse Blacks Out European Sun The New York TimesCruise ships, quiet towns and an all-day festival: millions flock to eclipse viewing spots across Europe theguardian.com2026's only total solar eclipse darkens skies across Northern Hemisphere. See photos, video from the best viewing locations. CBS News
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Paramount puts CNN sale on table to settle 12-state antitrust suit finance.yahoo.comDGA & IATSE Urge Fast Track On Paramount-WBD Legal Standoff DeadlineDavid Ellison's threat to move Paramount rattles an already battered Hollywood NBC NewsDavid Ellison Floats Hollywood Exit as States Threaten His Warner Bros. Deal The New York TimesParam
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Trump's justice department arrests expert on far right as part of SPLC crackdown The GuardianExclusive: Former employee at Southern Poverty Law Center arrested on fraud charges CNNExtremism expert charged in case targeting Southern Poverty Law Center's use of informants NBC NewsDOJ charges former SPLC employee in superseding indictment against the civil rights group The Hill
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Solar eclipse live: Time to look up! Partial view begins for many Americans USA TodayBaltimore on the path of a partial solar eclipse | Weather Talk WBAL-TVPartial solar eclipse over NYC this afternoon l LIVE coverage FOX 5 New YorkWhen, where, and how to watch the next big sky shows FOX 2 Detroit
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Lakers to be sold to Bob Iger, Joshua Kushner 1 year after Mark Walter bought team - The Athletic The New York TimesSources: Josh Kushner, Bob Iger to buy Lakers for $12.5B ESPNLos Angeles Lakers sold to Bob Iger, Josh Kushner for $12 billion: Reports WTNH.com10 most expensive pro sports franchise sales: Lakers top list sports.yahoo.com
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Readings for July on the prices consumers pay for goods and services came in pretty much on target.
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The latest Consumer Price Index report helped to reinforce the patient approach adopted by many officials at the Federal Reserve about raising rates, but it has not resolved the debate altogether.
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Trump in a social media post argued that the policy was costing the city by driving away wealthy people who would otherwise pay taxes there.
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Strong AI earnings lift S&P 500, Nasdaq as inflation data calms rate-hike jitters ReutersHere's the inflation breakdown for July 2026 — in one chart CNBCInflation cooled last month as gas prices fell, though costs remain elevated PBS
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AI infrastructure stocks surge after strong earnings from CoreWeave, Supermicro Yahoo FinanceCoreWeave surges 18% after a 'cleaner quarter.' Here's what's happening CNBCCoreWeave and Nebius Group Deliver Earnings Shocker. Here's What It Signals About the Future of AI. Yahoo FinanceCoreWeave Shares Soar After Booming AI Demand Boosts Outlook Bloomberg.com
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The exchange is partnering with Silicon Data to introduce two compute futures contracts on Oct. 5, pending regulatory review.
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Despite high confidence from leaders in AI outputs, more than a quarter of executives said internal audits have detected AI errors that reached external audiences or the board.
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Nvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?
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Twenty-three states have laws banning betting on elections, according to Pew Research. Not every state is sure these rules apply to prediction market trades.
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The consumer price index is expected to show only a modest increase for July.
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The suing homeowners said the city caused "mass confusion" with its identification of thousands of properties potentially subject to the tax on second homes.
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The marketing changes come amid an investigation by the Commodity Futures Trading Commission into the company's promotional practices.
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The first three-plus years of the AI buildout has been funded by record amounts of equity and debt issued by leading tech companies. Nvidia has a new idea.
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"The landlord has not been here in months, so I assume it was a previous tenant."
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Lazard portfolio manager Bertrand Cliquet says infrastructure companies are worth more than the AI hype sometimes linked to them.
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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Editor's note: This is part six of a seven-part series. It dives more deeply into the second strategy for defusing a retirement tax bomb, implementing asset location. If you missed the introductory article, you may find it helpful to start here.
Most investors have heard of asset allocation, but asset location is another story - and it could help investors with large tax-deferred savings reduce their tax bills in retirement.
SEE MORE When It Comes to Your RMDs, Be Very, Very Afraid!
Asset allocation refers to how a portfolio is allocated to various asset classes that have different historical investment returns and standard deviations. The simplest example is a stock-bond allocation, such as a 60% stock, 40% bond allocation, which is a common allocation for retirees. But there are dozens of more granular asset classes that can be managed as well, for example, U.S. large cap stocks or international small cap value stocks. Asset allocation is critical to effectively diversify your portfolio and reduce risk.
Asset location is different portfolio management strategy: one that few clients I meet have heard of. Few financial advisers implement it as well. Asset location seeks to minimize taxes by placing different asset classes in specific tax buckets (taxable, pre-tax, tax-free).
Putting Asset Location into Practice
In a nutshell, here's how asset location works:
Typically, you want to place investments with low expected returns, such as bonds, into tax-deferred accounts.Place investments with high expected returns, such as small value or emerging market st
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