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Family offices bet on sports, from pickleball leagues to smart soccer balls
While AI startups dominate deal-making news, investment firms of the ultra-rich are still keen on sports.
Russia’s Sechin says U.S. companies benefit from the closure of the Strait of Hormuz
The closures of the Strait has rattled global markets, sending oil prices to multi-year highs, stoking global inflation and undermining economic growth.
Broadway’s $1.9 billion season is the latest sign of consumers splurging on experiences
Sunday’s Tony Awards follow a record-breaking season on Broadway. The awards often lead to further ticket sales for winning shows.
Trump wants Bill Pulte to fire big chunk of national intelligence office staff: WSJ
President Trump’s comments are sure to roil members of Congress who criticized the appointment of Bill Pulte as acting national intelligence director.
Boeing to start 737 Max production on new assembly line July 6, CEO says
The new 737 Max final assembly line in Everett, Washington, will serve as a catalyst for increasing Max production to 52 jets per month.
Prediction market firms face growing scrutiny as Congress weighs regulation
Rep. Bryan Steil, R-Wisc., is working on a bill to ban Congress members and their staff from certain bets on prediction markets such as Kalshi and Polymarket.
U.S. Senate passes $70 billion in new funds for ICE, Border Patrol
Nearly all of the funding would go to DHS’s ICE and Border Patrol agencies that are carrying out the Trump admin’s vigorous deportations throughout the U.S.
Warren invites Nvidia CEO Jensen Huang to Senate hearing on China AI chip sales
Sen. Elizabeth Warren is pressing Jensen Huang’s Nvidia over export controls, China sales, Trump and data-center policy as Congress scrutinizes the AI chip boom.
Lululemon cuts annual outlook and issues rough Q2 guidance, citing undisclosed ‘headwinds’
Lululemon is expecting its situation to get a lot worse before it gets better, as it issued weak guidance for the full year.
Trump says he could meet Iran’s supreme leader ‘if it was to make a deal’
President Donald Trump on Thursday said he would be “honored” to meet Iranian Supreme Leader Ayatollah Mojtaba Khamenei. Read more Eli Manning’s private equity firm acquires licensing company for NFL Flag in bet on youth sports The U.S. president said he would meet the Iranian leader if a deal is reached to end the U.S.-Iran […]