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Federal regulators have taken Arizona, Illinois, and Connecticut to court, opening a new front in the fight over so-called event contracts and who gets to regulate them. The Commodity Futures Trading Commission, joined by the United States, filed lawsuits in federal district courts seeking to stop those states from enforcing laws that would block these […]
U.S. lawmakers on Tuesday (March 17) rolled out new legislation aimed at shutting down certain prediction markets that allow people to wager on geopolitical developments, government decisions, and other real-world events. Sen. Chris Murphy and Rep. Greg Casar introduced what they call the Banning Event Trading on Sensitive Operations and Federal Functions Act, or the […]
A group of Republican and Democratic lawmakers in the U.S. House has rolled out new legislation designed to expand prevention, treatment and recovery services for people struggling with gambling addiction. The proposal is said to be one of the most significant federal attempts in more than a decade to address the growing public health concerns […]
Target’s latest bid to win back shoppers is leaving customers and workers deeply uncomfortable. The retail giant rolled out a new in-store rule late last year requiring employees to smile, wave and greet customers based on how close they are standing. The policy, internally dubbed the “10-4” program, has triggered backlash online from shoppers who […]
GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational” for the company, CEO Ryan Cohen told CNBC in an interview Friday. “It’s gonna be really big. Really big. Very, very, very big,” Cohen said of the size of the acquisition. […]
The Hysa Organized Crime Group (HOCG), also known as the Albanian Mafia, has been accused of operating casinos on behalf of the Sinaloa Cartel. The news comes from a joint action with the United States Treasury and the Government of Mexico. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Financial […]
Misha Zaitzeff and Vik Ghei, founders of HoldCo Asset Management, at their Fort Lauderdale, Florida, offices. Courtesy: HoldCo American banks have found an unlikely pair of adversaries in Vik Ghei and Misha Zaitzeff. Since July, the nine-person hedge fund they run from Fort Lauderdale, Florida, called HoldCo, has challenged lenders with more than $200 billion […]
This content contains affiliate links. When you buy through these links, we may earn an affiliate commission. Welcome to Today in Books, our daily round-up of literary headlines at the intersection of politics, culture, media, and more. Trump Targets Journalists and Authors in Billion-Dollar Lawsuit Trump continues his streak of lawsuits against news media companies […]
Marriott International CEO Anthony Capuano shared some insight on budget travelers during a Monday appearance on “The Claman Countdown.” He told host Liz Claman that Marriott International’s lower-income consumers “continue to prioritize travel, but they want to do it at a more thrifty price point,” citing spending data the company has through its credit card relationships. […]
State Street’s asset management unit on Friday dropped targets for the number of women and minority directors who should serve on corporate boards, according to new proxy voting guidance posted on its website. The changes were in line with those of other major asset managers under political pressure, shifts likely to slow the pace at which boardrooms become less white and male. […]
