Civil rights groups have called on Black college athletes to boycott schools in states that are rolling back voting rights. But highly paid NIL-era athletes are proving to be unwilling protesters. Why it matters: It's exposing a disconnect between advocates who rely on 1960s-style protest tactics, and prominent athletes in today's $3 billion NIL economy who have different views of activism — and who are unwilling to sacrifice unprecedented financial opportunities . The big picture: NIL (name, image, likeness) was championed as a tool to end the systemic exploitation of Black college athletes in big-revenue sports. - Irony has taken hold: Those NIL funds can now shield southern institutions from some political pressure, even as state…
A battle is brewing between Kalshi, other prediction markets, and the courts. A look at how we got there with Gary Gensler, Former Chair of the SEC (Securities and Exchange Commission). #kalsi #predictionmarkets #sec
Nvidia topped revenue and earnings expectations in its latest quarter, but the stock ticked downward in extended trading Wednesday as investors maintained high expectations for the AI darling. Why it matters: The stock is widely considered a bellwether for the health of the broader AI economy, but lately it has been trailing the broader semiconductor sector in market gains. Zoom in: Nvidia posted revenue of $96.2 billion, more than doubling its year-earlier showing, while net income jumped 126% to $59.7 billion. - That exceeded S&P Capital IQ expectations of $92.1 billion in revenue and $51.2 billion in earnings for the period ended July 26. - Revenue from data centers — Nvidia's largest source of sales — rose 117%, to $89 billion. …
As powerful as it is unknown, The Securities and Exchange Commission may be the economic 900 pound gorilla in the room. With sweeping powers, it was designed to "level the playing field" for American investors. Perhaps for the first time, it has.
Regulators sent subpoenas to major Wall Street banks seeking information about the trading of Situational Awareness, three people briefed on the outreach said.
The agency that polices the industry does not have the staffing, the legal tools or the will to broadly crack down on wagers that are easily manipulated, experts say.
State of the Union: He takes over from acting DNI Bill Pulte. The post Jay Clayton Sworn in as Director of National Intelligence appeared first on The American Conservative .
Jay Clayton was sworn in Monday as director of national intelligence, taking over the position from Federal Housing Finance Agency Director Bill Pulte, who was serving as the acting intelligence chief. In a speech following the ceremony, Clayton promised that “the safety and security of the American people will be our North Star” and declared that he would ensure “the vital work of our [intelligence community] is never weaponized for political motives.” Clayton previously served as U.S. attorney for the Southern District of New York and chaired the Securities and Exchange Commission from 2017 to 2020. He will be the ninth Senate-confirmed director of national intelligence, filling the post vacated by Tulsi Gabbard, who…Open
