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Business — Latest

Nike co-founder Phil Knight to donate $1.1 billion to Oregon medical center

Sep 15, 15:00 UTC • www.cnbc.com
TL;DR: The gift to Providence St. Vincent Medical Center will support the creation of an all-women’s hospital as well as advance cardiovascular care across Oregon…

The gift to Providence St. Vincent Medical Center will support the creation of an all-women’s hospital as well as advance cardiovascular care across Oregon.

U.S. auto market predictions for 2030: More hybrids, no Chinese entrants

Sep 15, 10:00 UTC • www.cnbc.com
TL;DR: Despite growing speculation that it won't be long until Chinese autos are sold in the U.S., John Murphy doesn't expect that to happen by 2030…

Despite growing speculation that it won't be long until Chinese autos are sold in the U.S., John Murphy doesn't expect that to happen by 2030.

GM plans U.S. battery development as Trump's DOT attacks Ford for China ties

Sep 14, 01:05 UTC • www.cnbc.com
TL;DR: Most battery cells currently rely on raw materials from China. GM is seeking to establish domestic supply chains both for EVs and energy storage…

Most battery cells currently rely on raw materials from China. GM is seeking to establish domestic supply chains both for EVs and energy storage.

OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services

Sep 11, 16:06 UTC • www.cnbc.com
TL;DR: OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling and pitchbook tasks traditionally handled by junior bankers…

OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling and pitchbook tasks traditionally handled by junior bankers.

Wealthy investors are pouring billions into this new tax strategy despite risks

Sep 11, 15:54 UTC • www.cnbc.com
TL;DR: 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…

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.

Record U.S. cyclosporiasis outbreak is over, CDC says

Sep 11, 15:36 UTC • www.cnbc.com
TL;DR: The largest outbreak, linked to shredded iceberg lettuce from Taylor Farms, sickened more than 12,000 people…

The largest outbreak, linked to shredded iceberg lettuce from Taylor Farms, sickened more than 12,000 people.

Home sales fall in August despite the highest supply in over a decade

Sep 10, 17:57 UTC • www.cnbc.com
TL;DR: Home sales slowed again despite the highest supply of homes for sale in over a decade. Prices, however, continue to rise…

Home sales slowed again despite the highest supply of homes for sale in over a decade. Prices, however, continue to rise.

What a historic summer box office reveals about massive shifts in the theatrical industry

Sep 9, 19:21 UTC • www.cnbc.com
TL;DR: 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…

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

Sep 9, 16:47 UTC • www.cnbc.com
TL;DR: 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…

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.

LIV Golf files for Chapter 11 bankruptcy protection

Sep 8, 21:45 UTC • www.cnbc.com
TL;DR: As part of the proposed bankruptcy deal, the upstart golf venture is expected to be majority owned by its players…

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

Sep 8, 21:37 UTC • www.cnbc.com
TL;DR: In a letter to Ford CEO Jim Farley, U.S. DOT Secretary Sean Duffy questioned the automaker's strategic trajectory involving Chinese companies…

In a letter to Ford CEO Jim Farley, U.S. DOT Secretary Sean Duffy questioned the automaker's strategic trajectory involving Chinese companies.

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