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Nike co-founder Phil Knight to donate $1.1 billion to Oregon medical center
Source: CNBC
Original reporting
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CNBC
Treasury Secretary Bessent defends Trump economic record in contentious hearing
Treasury Secretary Scott Bessent is facing questions on rising energy prices, government debt and the Trump team's economic agenda.
CNBC
Trump calls Supreme Court mail ballot ruling 'big loss for Republicans'
President Trump blasted his three Supreme Court appointees for blocking a Postal Service rule that would have allowed mail-in ballots in November's elections.
CNBC
Musk urges top AI labs, Chinese companies to test each other's models amid calls for slowdown
Elon Musk called for the leading AI labs to peer review each others' models before they're released to the public as a way to evaluate their safety.
CNBC
Airfares, gas and hotel prices were up this summer—Americans traveled anyway
If the fall travel season looks anything like the summer, costs for flights, hotels and gas will be higher and Americans will still find money for vacations.
The Guardian
Pensioners are ‘big winners’ with triple-lock set to rise by 3.9%, lifting state pension to £13,000 – as it happened
Wage growth – used to set triple-lock pension – slows to 3.9%, meaning state pension should hit £13,000 next year ‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable? If the state pension rises to £13,000 next year, it will probably breach the UK’s tax-free personal allowance (currently £12,570) – the amount you can earn before paying income tax. However, pensioners who don’t receive any other income should still be exempt from paying tax if the state pension exceeds the personal allowance. In the 2025 Budget the government announced the personal allowance would be frozen at its current level up to April 2031 . It also announced that pensioners whose sole income is the basic or new state pension would not have to pay small amounts of tax via simple assessment from 2027/28 if the new or basic state pension exceeded the personal allowance from that point . To
CNBC
No one and done: The Fed will hike at least two times over the next year, according to CNBC survey
While higher oil is cited as a main reason for the change in view, roughly three-quarters of respondents see the inflation problem as broader than just energy prices.