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PHILADELPHIA (AP) — What began as a novel summer event in 2016 has blossomed into a cherished summer tradition for Philadelphia. Now in its eighth year, the Philadelphia Chinese Lantern Festival in Franklin Square has become a seasonal staple for locals and tourists.This year, the festival once again transforms the historic square into a luminous wonderland. Visitors walk through a lighted tunnel at the Philadelphia Chinese Lantern Festival, Tuesday, Aug. 5, 2025 in Philadelphia. (AP Photo/Tassanee Vejpongsa) Visitors walk through a lighted tunnel at the Philadelphia Chinese Lantern Festival, Tuesday, Aug. 5, 2025 in Philadelphia. (AP Photo/Tassanee Vejpongsa)Read More More…
Robert Keele said this week that he has stepped down as xAI’s head of legal after just over a year, saying he wants to spend more time with his children. In his announcement, Keele also acknowledged “daylight between our worldviews” with boss Elon Musk, who hasn’t commented on Keele’s exit. “I love my two toddlers and I don’t get to see them enough,” Keele wrote, posting the news on both X and LinkedIn. Despite calling his time at the AI startup “incredible” and working with Musk “the adventure of a lifetime,” he said he couldn’t keep “riding two horses at…
Facebook Tweet Email Link North Island, Seychelles — Nicolas Louys steps inside the primary suite of an 8,000-square-foot villa in the Seychelles and immediately points to the bed. “I’m led to believe that we have the biggest mattress in the Indian Ocean. And there’s a story behind it,” he says with a laugh. Louys is the deputy general manager at North Island, one of the country’s most exclusive resorts. As he looks at the bed, which is more than twice the size of a king mattress, he recalls how an extremely tall guest visited years back and found the existing…
Key PointsPrivate investment firms of the ultra-rich made 60% fewer direct investments in July compared to the same period last year, according to Fintrx.Rattled by tariff uncertainty, some family offices have been investing more overseas, especially in European startups.Infinitas Capital’s Robin Lauber told CNBC why the Swiss family office is optimistic despite the market turmoil.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. Private investment firms of the ultra-rich once again dialed back their deal-making…
In the nation’s capital, federal lawmakers are wading into an increasingly heated debate about the future of airport technology.Specifically, the United States Senate is weighing whether to limit the use of facial recognition in airports across the nation, and the hot-button issue is causing all sectors of the air travel industry to jump into the fray as well. At the heart of the debate is a bipartisan bill first introduced by Senator Jeff Merkley (D-Oregon) in May 2025 called the Traveler Privacy Protection Act (S.1691). The bill would allow the TSA to continue to scan travelers’ faces at checkpoints, but…
What did the cabinet vote on? Israel’s security cabinet approved a plan to “defeat Hamas” and the military will prepare to take over Gaza City while ensuring what it described as the “provision of humanitarian aid to the civilian population outside the combat zones,” the prime minister’s office said. The cabinet also voted to adopt five principles for ending the war, including Israeli security control of Gaza and the establishment of a civilian administration that is neither Hamas nor the Palestinian Authority. The plan includes more than one phase, according to an Israeli source. Initial phase: The deadline for the…
A big increase in the tax on university endowments is adding to financial uncertainty for the wealthiest colleges in the U.S., leading several already to lay off staff or implement hiring freezes.Spending more endowment money on taxes could also lead colleges to reduce financial aid, cutting off access to elite institutions for lower-income students, colleges and industry experts have warned. President Donald Trump signed the tax increase into law last month as part of his signature spending bill.The new tax rates take effect in 2026, but colleges such as Harvard, Yale and Stanford already are citing the tax as one…
Facebook Tweet Email Link Step aside, MAHA. The country’s largest heart-health organization has just released its long-awaited guidelines for the consumption of ultraprocessed foods, or UPFs. The new scientific advisory statement from the American Heart Association comes just days before the arrival of the second “Make America Healthy Again” or MAHA Commission report, spearheaded by US Health and Human Services Secretary Robert F. Kennedy Jr. The first MAHA report, released in May, described how ultraprocessed foods were contributing to chronic illnesses in children. The second installment, due by Tuesday, is expected to lay out proposed policy changes. The American Heart…
OpenAI has launched GPT-5, a new flagship AI model that will power the company’s next generation of ChatGPT. GPT-5, which was released Thursday, is OpenAI’s first “unified” AI model and combines the reasoning abilities of its o-series of models with the fast responses of its GPT series. The next-generation model signals a new era for ChatGPT — and its creator, OpenAI — pointing to OpenAI’s broader ambitions to develop AI systems that are more like agents than chatbots. While GPT-4 enabled AI chatbots to offer smart responses on a wide variety of questions, GPT-5 allows ChatGPT to complete a wide…
The newest piece of infrastructure coming to Starbase, Texas, isn’t a launch mount or a booster. It’s a water pipeline, and who can hook up a tap (and on what terms) will shape the definition of “company town.” The new line, which will stretch from Brownsville to the newly incorporated city of Starbase, will replace the truck-hauled deliveries SpaceX has used to transport potable water for its employees and on-site residents. Brownsville Public Utilities Board (BPUB) COO Mark Dombroski confirmed the line at a July 16 meeting, saying the board had executed a contract with SpaceX to provide water as…