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WNBA Commissioner Cathy Engelbert to retire in December after 7 years: “This is a really good time”

WNBA Commissioner Cathy Engelbert is retiring at the end of the year, ending a seven-plus-year tenure that included a lucrative collective bargaining agreement that resulted in the league’s first set of million-dollar player salaries. “Cathy has presided over the WNBA through the most significant period of growth in the league’s 30-year history,” NBA Commissioner Adam…

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Judge extends block on Postal Service’s new Trump-backed mail-in ballot requirements

Washington — A federal judge on Friday extended her block on the U.S. Postal Service’s new requirements for mail voting, as states prepare to begin sending mail ballots to voters for the November midterm elections. U.S. District Judge Indira Talwani issued a preliminary injunction barring the agency from enforcing the rules, which were finalized and…

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Why SpaceX stock is falling despite strong revenue growth

Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday.  Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…

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Dow soars 1,000 points on strong corporate earnings and hopes of Iran deal

The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …

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