FIFA World Cup subsidiary tests limits of private equity in sports
Global soccer may be finding the limits to private equity’s stampede into sports. A plan…
FIFA World Cup subsidiary tests limits of private equity in sports
Global soccer may be finding the limits to private equity’s stampede into sports. A plan by FIFA to sell a minority stake in a new subsidiary — FIFA Forward Enterprise, or FFE — that would control the business side of the World Cup has faced swift backlash. UEFA, the governing organization of European soccer, and…
Top investment ideas as interest rate uncertainty grips market
Bond market investors may want to shift their focus toward the front of the yield curve, according to Allspring Global Investments’ Noah Wise. The bottom line: Focus exposure on short-term Treasurys over long duration. Wise, the firm’s head of global macro strategy and a senior portfolio manager, sees the strategy as part of a diversified…
‘Spider-Man: Brand New Day’ box office: Record $72M preview sales
Tom Holland stars as Peter Parker, aka Spider-Man in Sony and Marvel’s “Spider-Man: Brand New Day.” Sony Spider-Man is already webbing up a massive box office haul. Sony and Marvel’s “Spider-Man: Brand New Day” secured $72 million in preview ticket sales, the highest collection for any domestic film in Hollywood history. The previous record holder…
U.S. has ‘not agreed to’ grant Ukraine Patriot missile licenses
US President Donald Trump speaks during a Cabinet meeting at Camp David in Maryland, on July 31, 2026. Aaron Schwartz | AFP | Getty Images President Donald Trump on Friday said the U.S. “has not agreed” to grant Ukraine licenses to produce Patriot missile systems, apparently backtracking on one of Kyiv’s top priorities in its…
GM to launch its own in-vehicle AI system later this year
GM began rolling out Google’s Gemini in eligible model year 2022 and newer Cadillac, Chevrolet, Buick and GMC vehicles in the U.S. earlier this year with Google Built‑in. Courtesy GM DETROIT — General Motors plans to launch its own in-vehicle artificial intelligence system that’s better tailored for its customers later this year. The new GM…
Leopold Aschenbrenner Situational Awareness fund: $45B to fire sale
Leopold Aschenbrenner Photo: Josh Edelson Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly. In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super…
Dems demand info on Trump, Lutnick families’ ties to critical mineral deals
U.S. President Donald Trump speaks, as he signs executive orders, while Howard Lutnick stands in the background, in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters Democratic senators on Friday demanded information on more than a dozen critical mineral deals with federal government that potentially benefit…
New York sues Kalshi, claims it is ‘illegal gambling operation’
New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on December 15, 2025 in New York City. Michael M. Santiago | Getty Images New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an “illegal gambling operation.” In a case…
Novo Nordisk shares dive 9% after heart medicine fails trial
Shares of Novo Nordisk nosedived as much as 10% after the drugmaker said a late-stage heart drug trial failed to reduce major cardiovascular events compared to a placebo. While the experimental medicine, ziltivekimab, did show some biological effect, it didn’t translate into a statistically meaningful reduction in so-called MACE, defined as cardiovascular death, non-fatal heart attack…
Exxon and Chevron profits surge on rising oil prices due to Iran war
Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026. – | Afp | Getty Images ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war. Chevron’s net income soared to $12 billion, a nearly 400% increase compared…
