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

Group of people sitting at a conference table during a late evening meeting and talking.

Vm | E+ | Getty Images

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

Council Post: AI Agents Will Take Shortcuts. The Solution Is To Design Better Paths

Bruno Billy, President & CEO of APGAR North America, advises organizations on the operational reality of data and enterprise transformation.

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​Recent tests with frontier AI agents from OpenAI, Anthropic and Meta have highlighted a recurring pattern. When you give an agent an objective, it may find ways to accomplish that objective in ways you did not anticipate.

Iran’s Houthi allies capture strategic island on vital oil shipping route

Yemen’s rampant Houthi forces have captured a strategic island in the Bab al-Mandab strait, expanding their control of the narrow waterway, one of the ​world’s vital shipping routes.

The Iran-aligned Houthis took control of the volcanic island after forces allied to the UN-backed, Aden-based government left in the latest of a dramatic series of reverses along Yemen’s west coast in recent days, including the loss of the port city of Mocha on Thursday.

Taika Waititi, ‘Navalny,’ ‘Hind Rajab’ Producer Odessa Rae Board ‘A Bit of Light’ as Executive Producers Ahead of Venice Premiere (EXCLUSIVE)

Taika Waititi, who won an Oscar for the “Jojo Rabbit” screenplay, and Odessa Rae, the producer of Oscar winner “Navalny” and Oscar-nominated “The Voice of Hind Rajab,” have come on board “A Bit of Light” as executive producers as the Ali Asgari drama heads into its world premiere in competition at the Venice Film Festival.

AI might take us all down, just not the way you think

Please read this newsletter before the end of the world.

SpaceX has struck a $1 billion a month compute deal with a mystery customer

SpaceX is cashing in on the surging demand for AI compute.

25 years after 9/11, the U.S. starts rolling back travel restrictions, from liquids to gate access

People wait in a security line at John F. Kennedy International Airport on Aug. 12, 2026, in the Queens borough of New York.

Spencer Platt | Getty Images

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 or joyful welcomes.

The Don of Hollywood North Takes His Final Bow

Having racked up 130-plus movie credits over a 50-year producing career, Don Carmody has long been known as the Don of Hollywood North by studio bean counters who crunched the numbers and chose to save money by shooting in Canada. 

'She's My Firstborn' — Lady Dimitrescu Actor Maggie Robertson Would Say Yes in a Heartbeat if Capcom Called to Reprise Her Breakout Resident Evil Role

Maggie Robertson has said she would accept any opportunity from Capcom to reprise her breakout role as Lady Dimitrescu in the Resident Evil series, calling the character her “firstborn.”

Lady Dimitrescu, the towering face of Capcom’s phenomenally successful 2021 game, Resident Evil Village, was Robertson’s first video game role, and it changed her life forever.

‘Blew the hell out of it’: How Iran damaged US bases in Bahrain, Jordan

A Bahrain-based United States military installation has sustained severe damage during recent months of fighting with Iran, the acting secretary of the US Navy has said, prompting Washington to evaluate what to do with its headquarters in the Middle East.