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Folarin Balogun of the United States shoots during the FIFA World Cup 2026 Round of 16 match between USA and Belgium in Seattle, Washington, July 6, 2026.Mb Media | Getty Images Sport | Getty ImagesAs the FIFA World Cup captures massive global audiences, media companies are preparing to pay billions for the rights to the next two men’s tournaments. Netflix, Disney and Alphabet’s YouTube are all interested in challenging Fox for the U.S. broadcast rights to the 2030 and 2034 World Cup, according to people familiar with the matter. Amazon, which currently owns UEFA Champions League rights in the U.K.,…

BonkDAO says it has alerted law enforcement about the treasury drain and is coordinating with exchanges to manage the situation. An anonymous wallet spent $4.4 million buying BONK tokens over two days, then used that stash to push through a governance vote that allowed it to drain $21.2 million from the BonkDAO treasury. The incident, which saw the attacker walk away with a $16.8 million profit, has split the crypto community between those calling it a theft and those insisting the DAO did exactly what it was built to do. How the Vote Went Through According to blockchain analytics…

The shipping industry has remained surprisingly resilient despite ongoing macroeconomic uncertainty and shifting global trade patterns.While container freight rates have retreated from the record highs reached during the pandemic-driven supply chain bottlenecks, many shipping companies continue to benefit from disciplined fleet management and improving global trade activity.More importantly for investors, Wall Street analysts have become increasingly optimistic on select names, leading to positive earnings estimate revisions. The optimism is supported by strong industry fundamentals, with it noteworthy that the Zacks Transportation-Shipping Industry is currently in the top 18% of over 240 Zacks industries.Among the industry’s most compelling opportunities are Euroseas (ESEA) and…

Gold prices swung between gains and losses on Wednesday, as concerns around inflation and higher interest rates rose after fresh U.S. strikes on Iran lifted oil and the dollar ahead of the release of the Federal Reserve’s June meeting minutes.Brendon Thorne | Bloomberg | Getty ImagesGold prices swung between gains and losses on Wednesday, as concerns around inflation and higher interest rates rose after fresh U.S. strikes on Iran lifted oil and the dollar ahead of the release of the Federal Reserve’s June meeting minutes.Spot gold rose 0.5% to $4,125.59 per ounce by 0305 GMT, after dropping to its lowest since July 2 earlier in the day.…

Jay Clayton’s US intelligence director nomination hearing set for July 15

Despite soaring housing costs, younger buyers are finding a way in.

July 2026 Capturing Heterogeneity: Machine Learning Approaches to Implied Volatility Forecasting Hyung Joo Kim and Dong Hwan Oh Abstract: Despite documented heterogeneity in volatility dynamics across the option surface, standard implied volatility forecasting models apply homogeneous parameters throughout. We introduce a machine-learning framework that uses regression trees to partition the surface along both moneyness and maturity dimensions, identifying data-driven regions where distinct forecasting models perform best. Extending the Surface Heterogeneous Autoregressive (SHAR) framework of Dufays, Jacobs, and Rombouts (2025), we develop tree-based SHAR specifications that preserve interpretable structure while allowing model parameters to vary across the surface. Empirical…

Hennion & Walsh Asset Management President and CIO Kevin Mahn analyzes Walmart’s earnings and the state of the U.S. economy on ‘Mornings with Maria.’ Retail giants Walmart and Sam’s Club on Monday announced sweeping summer discounts on thousands of everyday essentials and seasonal items, a move that quickly drew political attention after President Donald Trump said the retailer acted at his administration’s request. In a news release Monday, Walmart and Sam’s Club said they are introducing nationwide price cuts to help families stretch their dollars during backyard barbecues, vacations and weekly grocery trips.The savings span several categories, including groceries, household…

The winners of the artificial intelligence race will mostly be U.S. stocks, with only select names from China making the cut, according to BlackRock Investment Institute. The firm maintained its neutral view on Chinese stocks in a report Monday, while staying overweight on the U.S. “China has advantages across parts of that value chain, including manufacturing and batteries. Yet manufacturing strength alone does not guarantee attractive equity returns, reinforcing our preference for active investing rather than broad regional calls,” BlackRock said. While the Nasdaq Composite has gained a little over 12% this year, the tech-heavy ChiNext index of mainland China-traded…

US President Donald Trump says he got involved in crypto “for politics” and became pro-crypto after seeing how much money the industry was making.At a press conference in the Oval Office on Monday to announce “Trump Accounts,” an investment account for children under 18, Trump was asked whether the accounts would allow for Bitcoin (BTC).“I’ve become a big crypto guy only for one reason: If we don’t have it, China’s going to have it,” Trump answered. “I’m a fan, I wasn’t initially, I didn’t know much about it, but, for some of my first term, I wasn’t much involved, and…