A federal appeals court on Friday rejected Kalshi’s efforts to stop Nevada from regulating speculation on sporting events on its platform, handing states an important win in the battle over which level of government has authority to oversee the rapidly growing prediction-markets business. The 9th Circuit Court of Appeals said Kalshi failed to show that…
A federal judge on Friday once again spurned President Trump’s effort to erase his hush money conviction, rejecting the president’s bid to move the state court case to federal court and have it dismissed on presidential immunity grounds. U.S. District Judge Alvin K. Hellerstein said Mr. Trump’s reasons for renewing his request were “neither new…
Vaping company Juul Labs on Friday received federal permission to sell an updated version of its e-cigarette, which includes an optional age-verification system designed to prevent underage use. The decision from the Food and Drug Administration allows the company to sell a new version of its top-selling vaping device for the first time since it…
The FBI previously refused to hire job applicants if they admitted to hiring sex workers or stealing from an employer — or engaging in acts of bestiality. Today, those acts, which are mostly illegal across the country, are no longer automatic deal breakers for applicants to the nation’s top law enforcement agency. In June, the…
Cattle ranchers are speaking out against a Trump administration plan to temporarily waive higher tariffs on ground beef imports, arguing it will undercut their business and prevent them from rebuilding their dwindling cattle herds. President Trump announced on Truth Social last week that the U.S. will import 300,000 metric tons of ground beef — about…
Index investing pioneer David Booth has a simple message for people navigating volatile financial markets: Stay calm and keep investing. Booth, a billionaire several times over whose Dimensional Fund Advisors manages $1 trillion, expands on that advice in a new book, “Stay Calm: Learn to Embrace Uncertainty in Investing and Life,” scheduled for publication on Sept….
Walmart reached an agreement with the U.S. government on Friday to settle a lawsuit that accused the discount retailer of unlawfully dispensing opioids from its pharmacies. “We are pleased to resolve this matter and will continue supporting the exceptional work our pharmacists do every day to provide outstanding patient care,” a Walmart spokesperson said in…
Federal Reserve Chairman Kevin Warsh reaffirmed the central bank’s commitment to lowering consumer prices, acknowledging that inflation remains too high in a highly anticipated speech in Jackson Hole, Wyoming. During remarks at the Fed’s annual conference, Warsh said that recent government data shows inflation has cooled, but “they do not tell me that underlying trends…
Good Good Golf faces mounting backlash for a controversial online video ad that sparked accusations of sexism. On Thursday, the digital media company lost its three-year partnership with Callaway Golf, while the PGA Tour said Good Good would no longer sponsor one of the association’s tournaments in November. The ad, co-branded with Callaway, shows a male golfer…
The head of the U.S. military’s Central Command, Adm. Brad Cooper, has echoed President Trump’s insistence that the Strait of Hormuz shipping lanes are clear of sea mines, saying they are “open, and momentum is building.” He acknowledged, however, that vessels still seek direct U.S. military protection to use the vital waterway, which Iran has…
