The National Football League (NFL) is contemplating the idea of allowing minority private equity ownership for its 32 teams, with ownership stakes of up to 10%. Commissioner Roger Goodell expressed this consideration in an exclusive interview with CNBC. Goodell mentioned that the sports landscape is evolving, and they want to ensure that their policies evolve
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The recent bipartisan proposal by senators to ban members of Congress from trading stock has gained significant attention due to the potential implications for lawmakers’ financial activities. This initiative, spearheaded by Sen. Josh Hawley, R-Mo., emphasizes the need to prevent elected officials from profiting off privileged information. Despite previous unsuccessful attempts to regulate stock trading
House Democrats gathered at their national party headquarters in Washington for a crucial closed-door meeting on Tuesday. The meeting was shrouded in secrecy, with members unable to use their phones during the session. This marked the first time the entire caucus had come together since President Joe Biden’s lackluster debate performance against former President Donald
In a groundbreaking move towards sustainability, NASCAR has officially unveiled a prototype electric race car as part of their new initiative to reduce emissions and electrify aspects of the sport. This initiative represents a major shift towards a more environmentally friendly approach, aligning with NASCAR’s long-term goal of achieving net-zero operating emissions by 2035. The
As President Joe Biden navigates the treacherous waters of his presidential campaign, the pressure continues to mount on him from all sides. Following a lackluster debate performance on June 27th, Biden has faced increasing calls from Democratic lawmakers, strategists, and donors to bow out of the race. The once optimistic outlook has now turned bleak,
Recently, U.S. District Judge Aileen Cannon granted former President Donald Trump’s request for further briefing on the issue of presidential immunity in the Mar-a-Lago classified documents case. This decision came after the Supreme Court’s presidential immunity decision ruled that Trump has immunity from prosecution for some conduct as president in the federal election interference case.
Despite a turbulent year, Tesla’s stock price experienced a significant rally on Friday, erasing its losses for the year and finishing the week with a 27% gain. Shares of the electric vehicle maker closed the week at $251.55, a stark difference from their low of $138.80 back in April. The recent surge in Tesla’s stock
The hot dog eating world was taken by storm when Patrick Bertoletti emerged as the new champion at Nathan’s Hot Dog Eating Contest, dethroning the 16-time winner, Joey Chestnut. Bertoletti, a 39-year-old from Illinois, devoured an impressive 58 hot dogs in the 10-minute event, claiming the coveted Mustard Yellow Belt in the men’s category. On
The Federal Reserve officials discussed in their June meeting that inflation is gradually moving towards their target of 2%, but not at a pace that would warrant lowering interest rates. The meeting minutes released on Wednesday revealed that additional positive data is needed for them to have greater confidence in the sustainability of inflation towards
President Joe Biden and former President Donald Trump may differ on many policy issues, but when it comes to tariffs, they share some common ground. Tariffs have the potential to protect and help grow domestic industries, but they also come with a cost. While tariffs can be seen as a way to punish foreign producers