The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, for alleged antitrust violations. The lawsuit alleges that Live Nation maintains a monopoly in the ticketing industry, which is said to harm fans, artists, smaller promoters, and venue operators. Attorney General Merrick Garland stated
Potential
As we delve into the realm of decentralized finance (DeFi) in the year 2024, it is evident that a significant surge of capital has been flowing into this sector. According to the latest report by Binance Research, the total value locked (TVL) in DeFi has experienced a staggering 75.1% increase year-to-date, soaring from $54.2 billion
In the world of artificial intelligence and chipmaking, Nvidia has been a standout performer. The company recently reported impressive earnings and revenue for its fiscal first quarter, surpassing estimates and issuing strong guidance for the future. This robust performance has led Wall Street analysts to turn more bullish on Nvidia, with many of them raising
The U.S. dollar experienced fluctuations in trading on Thursday, despite maintaining close to a one-week high following the release of hawkish minutes from the Federal Reserve meeting. The Dollar Index, which tracks the greenback against a basket of other currencies, saw a slight decrease of 0.1% to 104.705 after experiencing a 0.3% increase overnight. The
In the current market landscape where the S & P 500 and the Nasdaq Composite are thriving, small-cap stocks have been overlooked. However, investors seeking income opportunities may find hidden gems within the Russell 2000 index. According to Jill Carey Hall, an equity strategist at Bank of America, a significant number of small-cap stocks now
The New York Metropolitan Transportation Authority Board recently granted approval for the agency to refund its outstanding Build America Bonds, potentially redeeming as much as $3.73 billion of taxable paper. This decision comes amidst financial struggles for the authority and uncertainties surrounding its congestion pricing plan. Financial Implications The potential refunding of the MTA’s taxable
Recent developments in the digital asset industry have caught the attention of analysts at JMP Securities. They believe that political tides are shifting in favor of digital assets, potentially serving as a significant catalyst for companies like Coinbase. Despite some reservations about the extent of this shift, analysts note positive momentum building around bipartisanship, particularly
The recent announcement by Comptroller Brad Lander regarding the NYC Employees’ Retirement System investing up to $60 million in affordable housing units has stirred up mixed emotions. While Lander emphasized the positive impact this investment would have on preserving over 35,000 units, there is still lingering skepticism due to the circumstances surrounding Signature Bank’s collapse.
In recent years, the sport of pickleball has seen unprecedented growth throughout America. According to a report by the Trust for Public Land, the number of outdoor public park pickleball courts in major cities has increased by a staggering 650% over the past seven years. This growth has led to the installation of more than
The Consumer Financial Protection Bureau (CFPB) announced on Wednesday that customers of the growing buy now, pay later (BNPL) industry must follow the same federal protections as credit card users. The agency introduced an “interpretive rule” categorizing BNPL lenders as traditional credit card providers under the Truth in Lending Act. This means that companies like