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Business News

Location American Business News for 16 August 2026

Sports Team Sale Prices Keep Hitting New Highs

The New York Times - 16 Aug 2026 01:08
Sports Team Sale Prices Keep Hitting New Highs The deal for the Los Angeles Lakers valued the team at a record $12.5 billion, eclipsing the $10 billion paid for the franchise just last year.
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Stock-Picking Funds Are Performing as Poorly as Ever

Wall Street Journal - 16 Aug 2026 01:00
Stock-Picking Funds Are Performing as Poorly as Ever Just 13% of U.S. large-cap funds have outperformed indexes over the past decade, new data show.
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How Nutella maker Ferrero is spending billions to build a candy empire in America We went inside Ferrero's US factories and R&D lab to see how the Italian company behind Nutella is spending billions to win over American consumers.
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Workdays $51 billion takeover talks could reset the software trade Private equity may have found the software markets biggest mistake
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Yellow Gold Stirs While Digital Gold Stays Quiescent - Week In Review This editorial is from this weeks edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second its finished. The newsletter also includes th...
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Heres the real reason oil prices arent moving higher

Market Watch - 16 Aug 2026 13:00
Heres the real reason oil prices arent moving higher Oil prices are not higher largely because the world does not want as much oil as it used to - and thats arguably the more troubling story.
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Peter Thiel invests $118 million in surging big tech stock Peter Thiels Thiel Macro invested nearly $118 million in Amazon stock as AWS growth and surging AI demand strengthen the Big Tech thesis
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Grayscale: ETH, SOL Supply Growth Could Fall Below Gold by 2031 Grayscale projects Ethereums annual supply inflation could shrink to roughly 0.4% and Solanas to 1.1% by 2031 if two pending network proposals pass, pushing both issuance rates below golds roughly 1.8% annual supply grow...
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I tested 6 pairs of sweatpant jeans to find ones that rival Rag & Bone. There were only 2 real contenders. The best sweatpant jeans come from Rag & Bone and cost about $200. I tested pairs from Gap and Halara to find affordable alternatives that don't look tacky.
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How These Farmers Became the Face of the Data-Center Resistance

Wall Street Journal - 16 Aug 2026 10:58
How These Farmers Became the Face of the Data-Center Resistance Plus, Democrats try to move on from intraparty fights, and two roommates plan to try every world cuisine is boosting New York restaurants.
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Data of 54,000 wallet users leaked, CLARITY odds just 10%: Hodlers Digest Owners of Trezor and SafePal crypto wallets at high risk of phishing attempts after separate data leaks, CLARITY odds at 10% despite White House meeting this week.
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Data of 54,000 wallet users leaked, CLARITY odds just 10%: Hodlers Digest Owners of Trezor and SafePal crypto wallets at high risk of phishing attempts after separate data leaks, CLARITY odds at 10% despite White House meeting this week.
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Data of 54,000 wallet users leaked, Clarity odds just 10%: Hodlers Digest, Aug. 16 Owners of Trezor and SafePal crypto wallets at high risk of phishing attempts after data leaks, CLARITY odds at 10% despite White House meeting next week.
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If Meta loses this trial, Instagram and Facebook could change forever Thirty US states have sued Meta to force an overhaul of its platforms for young users.
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India built the world's biggest digital payments miracle. Now comes the bill India's UPI may finally face merchant fees, raising questions over who pays and whether users will resist.
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How switching your bank account could earn you up to £220 New research suggests staying put is costing British savers billions in missed interest every year.
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Hayden Panettiere, Heroes, Nashville And Scream Star, Dies At 36 Hayden Panettiere, a former child actress who transitioned into a successful career as an adult in film and television with such shows as "Heroes," "Nashville" and two "Scream" films, has died.
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ITR defective notice for AY 2026-27: Why you may receive it, deadline to respond and what happens if you ignore it A defective ITR notice under Section 139(9) can be issued when your tax return contains missing, inconsistent, or incorrect details. But how much time you have to respond and what could happen if you ignore it are import...
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Robert Kiyosaki Eyes $10K Gold, $200 Silver as US Debt Nears $40T Robert Kiyosaki is favoring silver as federal debt approaches $40 trillion, citing forecasts for gold and silver to rise sharply. His warning renews questions about cash, inflation, and volatile hard-asset strategies. Ro...
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Summer jobs bounce back in UK thanks to busy calendar of sport and music Industry tracker finds exceptionally warm weather has helped boost job listings in hospitality and tourism sectorThe summer job has staged a comeback this year thanks to the hot weather and a packed calendar of events su...
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U.S. stock futures little changed as investors ponder the Feds next move U.S. stock-index futures were little changed on Sunday after a quiet week on Wall Street, as investors await hints from the Fed concerning the outlook for interest rates.
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Only two dividend yield funds gave over 10% returns in the last 1 year: Find out who led the category and who lagged Only two dividend yield funds delivered over 10% returns in the last one year, while some others lagged significantly. Differences in equity allocation, portfolio holdings and expenses contributed to the wide gap in retu...
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