Private Equity Moves Into College Sports Amid Growing Institutional and Regulatory Pushback
As private equity firms eye collegiate athletics, institutions like Utah have closed deals while board members in the Big Ten and state officials in Florida raise concerns over governance and control.
IRS Audit Revenue Drops 35% Following Staff Cuts, Watchdog Finds
Internal Revenue Service audit revenue dropped 35 percent following steep workforce reductions, according to findings from a Treasury Department watchdog report.
Shein Shares Drop 4% in Muted Hong Kong Stock Market Debut
Fast-fashion retailer Shein experienced a disappointing public debut on the Hong Kong stock exchange, with shares falling 4 percent amid investor concerns over regulatory friction and slowing sales momentum.
1789 Capital Leads $1 Billion Funding Round for Polymarket, Valuing Platform at $21 Billion
Prediction platform Polymarket has completed a $1 billion funding round led by 1789 Capital, a venture firm associated with Donald Trump Jr., pushing the company's total valuation to $21 billion.
Global Bond Sell-Off Drives Up Borrowing Costs and Pressures Stock Markets
A continued global bond sell-off has pushed government bond yields higher, increasing borrowing costs worldwide and placing pressure on equity markets, including major technology and semiconductor stocks.
Bessent Rallies G20 Allies Behind Economic Sanctions Campaign Against Iran
At the G20 finance meeting, Scott Bessent pressed international allies to support economic measures targeting Iran. Bessent cited allied support for sanctioning Iranian institutions and announced upcoming banking penalties aimed at restricting funding.
China Dissents from G20 Consensus Addressing Cheap Export Surges
China broke with G20 nations by opposing proposed statement language targeting cheap export floods. Beijing defended its trade practices, rejected claims of trade imbalances, and warned against protectionism.
Saturday Evening Post to End Print Edition After 205 Years
The Saturday Evening Post, a historic publication originally born and bred in Philadelphia, will cease printing its physical edition after 205 years of publication, marking the conclusion of an era in print media history.
Employer Healthcare Costs Projected to Surge in 2027, Marking Largest Rise in Decades
Projections show US employer healthcare costs could increase by up to 9.5% in 2027. A survey by Mercer expects health benefit costs to jump 8.2%, marking the largest rise since 2003.
Chevron Outlines $7 Billion Plan to Expand Oil Production in Venezuela
Chevron is expanding its energy footprint in Venezuela through a $7 billion investment plan designed to double oil output over five years as global energy companies scale up regional operations.