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Wealth Enhancement buys advisory business of Dickerson Jackson & Associates
The business being acquired was set up in 2004and is responsible for more than $376m in client assets.
Wealth Enhancement buys advisory business of Dickerson Jackson & Associates
The business being acquired was set up in 2004and is responsible for more than $376m in client assets.
Another accused killer released from Virginia mental health facility after insanity plea
The Commonwealth's Attorney's Office agreed to the release of another man accused of murder after another accused killer fled the U.S. on a weekend pass from a Fairfax County mental health facility.
Amendment 71: New Opportunity: A.16 Cryosphere
A.16 Cryosphere solicits high-impact efforts focused on sea ice, ice sheets, and glaciers. The expectation is that proposed investigations will use the wealth of data from NASA satellites and airborne campaigns to address the most urgent and impactful topics in cryospheric science, as identified in the National Academy of Sciences Decadal Survey, Thriving on Our Changing Planet: A Decadal Strategy for Earth Observation from Space (2018), https://www.nap.edu/catalog/24938.
New York business and wealth exodus threatens economic standing, George Pataki warns
Former New York Governor George Pataki joins Maria Bartiromo to discuss the business and wealth exodus from New York. Pataki warns that high taxes and crime policies are driving major job creators to Florida and Texas.
U.S. Bank expands business banking roster
The super-regional lender is adding bankers to serve business clients in Florida and Georgia, where it already has wealth and middle market bankers, an executive said.
Opionion: Generational health is generational wealth
To close Connecticut's racial wealth gap, we must start treating health equity as an economic development strategy.
Pennsylvania senator prepares for push to bring single-payer healthcare to the state
Sen. Nikil Saval, representing the commonwealth’s first district in Philadelphia, circulated a letter to colleagues last week announcing his plan to introduce legislation to bring universal healthcare coverage to every resident of the state.
Keenan Allen Arrested on OWI Allegations Hours After Colts Preseason Debut
Keenan Allen’s first game in an Indianapolis Colts uniform was followed hours later by an arrest in downtown Indianapolis. The six-time Pro Bowl receiver was ... Read More
BMC Health System Hosted a "Family Meeting" of Experts on Land and Generational Wealth at Historic Union Chapel
At historic Union Chapel on Martha’s Vineyard, BMC Health System brought Black leaders together to explore land, legacy, family, and generational wealth.
From builder to philanthropist: How entrepreneurial business owners can navigate wealth transitions, identity and purpose
For many entrepreneurial business owners, the next phase involves giving—approached with the same intentionality that built their company.
Wealthy Former Hospital Lobbyist Defends Collins’ Poor Record on Health Care
PHOTO: Susan Collins with former Maine Hospital Association President Steven Michaud
New York's business climate faces pressure under Mamdani tax proposals
NYC Mayor Zohran Mamdani's business advisor Robert Wolf discusses the environment in New York City as Mamdani proposes a tax-the-wealthy plan. Wolf analyzes the impact of tax hikes on high-value real estate.
Meet the Megadonors Who Have Poured $1.2 Billion Into the Midterms
The leaderboard of the top 20 donors is dominated by the tech industry and ultrawealthy Republicans.
Behind the Great Wealth Transfer: Citizens bets on business owners
As Citizens expands its advisory footprint, the bank is also going after wealth trapped inside business ownership
Dolly Parton's philanthropy was based on 'her belief in the goodness of people'
The music legend and multimillionaire businesswoman used her wealth for good
Dolly Parton's philanthropy was based on 'her belief in the goodness of people'
The music legend and multimillionaire businesswoman used her wealth for good
Dolly Parton's philanthropy was based on 'her belief in the goodness of people'
The music legend and multimillionaire businesswoman used her wealth for good
Dolly Parton's philanthropy was based on 'her belief in the goodness of people'
The music legend and multimillionaire businesswoman used her wealth for good
400-year-old 'vampire' grave discovered in Poland
The wealthy young woman was buried with a sickle over her neck and a padlock on her toe.
Life sciences jobs fall in Mass. for first time in two decades
The commonwealth’s prized life sciences industry shed more than 3,600 jobs in 2025, marking the first year-over-year decline in more than two decades.
275 Marine Scientists Demand Stronger Protection for Australia's Ocean Parks
A group of 275 marine scientists has released a consensus statement calling on Australia's Federal Government to expand sanctuary zones to cover at least 30 percent of every marine bioregion and ban bottom trawling, longlining, and mining from all Commonwealth marine parks.
Women Are Building Businesses. The Next Step Is Building Wealth.
Building wealth through business ownership means creating more than income. Learn how women entrepreneurs can turn their businesses into valuable assets.
Elevation Point Wealth Partners LLC Purchases New Shares in Live Nation Entertainment, Inc. $LYV
Elevation Point Wealth Partners LLC acquired a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,457 shares of the company's stock, valued
Building the beat: How New Orleans can grow the business behind the music
People dance to the music of the TBC Brass Band Photo by Michael DeMocker / The Times-Picayune This week New Orleans hosts the annual Cutting Edge CE Conference, which brings together members of the music industry, musicians, lawyers and others to learn about and discuss the latest changes in the business of making, producing and selling music. googletag.cmd.push(function() { googletag.display('ad-1492300'); }); The conference comes as AI and streaming are causing upheavals in the industry. Meanwhile, we’ve seen at least a partial collapse of the global festival industrial complex which has long been a key financial lifeline for many artists.All of that can feel a bit removed from life in New Orleans. After all, we are a city filled with music. On any given day or night, there are dozens of shows across the city, ranging from jazz and blues to hip-hop, bounce and house. Whereas in other cities kids dream of being the star of their local sports team, in New Orleans more often than not they dream of leading their own band.And music is a huge part of our economy. Before New Orleans was known as a foodie destination, it was already drawing millions of visitors from around the globe to experience our jazz, soul and funk scenes firsthand.But the reality is, if you want to make it big, you’re probably going to end up leaving the city. We’ve seen major performers like Lil Wayne, Master P and Jon Batiste (though he’s back on the Northshore) decamp to Los Angeles, Miami and New York. Likewise, up-and-coming musicians like Greer Grimsely, $leazy EZ and Lucky Daye have also left town in search of more profitable pastures.Meanwhile, our local universities train some of the best producers and engineers in the business — only to see them head to one of the big music industry cities after graduation.It’s not a new phenomenon, though the reasons have changed over the years. Like a lot of early jazz musicians, Louis Armstrong famously left New Orleans, first for Chicago before ultimately settling in New York City. But while those early migrations had more to do with racism, in today’s day and age, musicians end up leaving because New Orleans doesn’t have the industry infrastructure necessary to sustain the kind of growth and, well, success, a lot of folks dream of.It’s a hard, but very real, truth. Artists have to go to Nashville for publishing, Los Angeles for production, Atlanta to join a label or New York for representation. That, in turn, is a drain not only on the city’s talent pool but on money that could be staying here at home.Not being an industry town inevitably makes it that much harder for musicians who don’t leave to get the recognition and success they deserve. It also undoubtedly plays a part in keeping the wages working musicians in New Orleans make at their gigs here lower than in places like Austin or Nashville.That’s not to say we don’t have any of the infrastructure needed to make New Orleans a music industry town. We’ve got live music venues, studios, record labels, management companies, copyright attorneys ... all the various building blocks are there. We just haven’t ever built upon that solid foundation. googletag.cmd.push(function() { googletag.display('ad-1492297'); }); The question is how do we do that in a way that supports our existing industry and artists, respects our cultural traditions and ensures the wealth generated is equitably distributed so it isn’t just C-suite executives who end up reaping the benefits. And the time to start figuring out the answers is now: next year the legislature will focus on taxes and spending, making it vital that New Orleans leaders have a plan to try and secure funding to help grow our industry.So we asked a group of New Orleanians to give us their thoughts, ranging from industry attorneys and venue operators to working musicians and cultural advocates. Their answers point toward turning New Orleans into a music industry city without leaving musicians behind or abandoning what makes us the greatest music city on earth.If a dusty city like Austin can transform itself into a major hub not just for music but the industry behind it, surely the birthplace of jazz — and pretty much all modern music by extension — can figure it out as well. +3 Mailbox Money: The Recording Academy’s Reid Wick on supporting, and growing, New Orleans’ music industry Reid Wick has been a part of the New Orleans music landscape from virtually every angle. He'… California Dreaming: Pell discusses his time in L.A. and how New Orleans can help young musicians In 2015, New Orleans-born rapper Pell decided to make the move to Los Angeles. He was fresh … +2 Up from the street: To build a stronger music industry, support community first. At MaCCNO, most of our team aren’t just advocates, we’re also working musicians. Here are a … +2 Live and direct: Public investment in independent venues is key to a robust music economy. I’ve spent most of my adult life looking at the New Orleans music business from every side o… +2 Helping Hand: New Orleans doesn’t need more talent. It needs more infrastructure. People love to call New Orleans a music town. And they’re right. +2 \We out here: New Orleans doesn't need to be Austin. It's already a music industry city. +2 Futureshock: New Olreans has the music talent. Now it needs the innovation. New Orleans has long been known as a place for music creation and innovation. People travel … .donate-gambit-article-module-container { text-align: center; padding: 10px; /* background-color: #24da6d; */ background-color: rgb(153, 0, 0); margin-bottom: 20px; } .donate-gambit-article-module-title { font-weight: bold; color: #fff; } .donate-gambit-article-module-copy { color: #fff !important; font-size: 16px; } .donate-gambit-article-module-button { background-color: black; width: 50%; border-color: black; font-size: 16px; } .donate-gambit-article-module-button:hover { background-color: black; } @media only screen and (max-width: 600px) { .donate-gambit-article-module-button { font-size: 14px; width: 100%; } .donate-gambit-article-module-copy { font-size: 14px; } } BECOME A GAMBIT MEMBER AND JOIN OUR KREWE TODAY For more than 40 years, Gambit has covered New Orleans, for New Orleans. We’ve stood up to city hall with you, cheered the Saints with you, danced in the streets with you and cried over our collective loss with you. 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Opinion | Boston's racial wealth gap is as glaring as ever
Home and business ownership, and the generational wealth they provide, are the only way out.
Business Briefs: Aug. 21, 2026
Greenfield Savings Bank names senior vice president in charge of wealth management, trust services GREENFIELD—Greenfield Savings Bank has announced that Rebecca M. Makas has joined the bank as senior vice president overseeing GSB wealth management and trust services. Makas brings more than two decades of experience in financial services and has a background spanning trust […]
How wealthy families can prepare for aging parents and avoid a succession crisis
Relatively few wealthy families are addressing the question of when an aging parent should give up control, advisors and lawyers told CNBC.
Socialist bigwig blasts the wealthy while living in $1.4M Brooklyn brownstone with eyebrow-raising backstory
New York City Democratic Socialists of America co-chair Gustavo Gordillo rails against the rich from a $1.4M Bed-Stuy home his dad bought him.
The Limits of Unauthorized-Practice in Regulating Mental Health AI - Petrie-Flom Center
In May, Pennsylvania’s State Board of Medicine filed a lawsuit in the state’s Commonwealth Court against Character Technologies seeking to prevent it from engaging in unauthorized medical practice. The alleged “practitioner,” however, was not a physician or even a human being. It was a chatbot named Emilie.
16 mummies and a dog reveal a hidden order inside an ancient Egyptian tomb
A tomb in Egypt’s Theban Necropolis reveals a surprisingly organized story of burial, reuse, and changing beliefs spanning hundreds of years. Researchers found 16 mummified people, the remains of at least four more, and a mummified dog, with burials ranging from wealthy individuals laid in coffins with amulets and imported goods to later bodies carefully stacked in increasingly crowded spaces.
Concierge business owner explains services wealthy clients request
From unpacking groceries to driving a Bentley from England to Italy, a luxury concierge business owner explains what services clients request and why.
Viewpoint: When politics becomes a business, we pay the price
Russell Cleveland writes, This initiative won't solve every problem in our politics, but restoring transparency, accountability and a reasonable balance of power between ordinary citizens and wealthy political interests is a critical first step toward restoring something we desperately need: Trust.
Viewpoint: When politics becomes a business, we pay the price
Russell Cleveland writes, This initiative won't solve every problem in our politics, but restoring transparency, accountability and a reasonable balance of power between ordinary citizens and wealthy political interests is a critical first step toward restoring something we desperately need: Trust.
Mark Cuban and Other Founders Wade Into Wealth Tax Debate
Some entrepreneurs, including Mark Cuban, are publicly worried about the potential fallout from California’s proposal to impose a special billionaire tax.
Insurance premiums, copays top Americans’ list of healthcare gripes
A new survey from the nonprofit research group the Commonwealth Fund found that the cost to access healthcare was the top concern across political divides. Americans do disagree, however, on how to solve the problem.
Watch Inside the Business of Ultra Luxury Travel
Luxury Travel and Event Expert Olivia Ferney sits down with Lisa Mateo, Joe Mathieu and Carol Massar on Bloomberg This Weekend and shares how she has built a business catering to ultrawealthy clients whose requests can range from six-figure vacations to elaborate celebrations, while creating a social media following of more than 1 million.
How to use a HELOC to buy investment properties and build wealth
Savvy property investors are tapping the equity in their primary homes to fund an investment purchase. Here's how it works.
‘Monkey Island’ Creator Finds Wealthy Investor for Next Game
Ron Gilbert didn’t want to go with a traditional publisher for ‘Thimbleweed Park 2,’ so he took an unorthodox route
What Americans Want Fixed in Health Care — and Who They Think Should Do It
What Americans Want Fixed in Health Care — and Who They Think Should Do It, New Commonwealth Fund Survey conducted by SSRS
Generational wealth strategies are shifting as families and business owners eye Trump Accounts
Half of small business owners want their company's success to fund generational wealth, says Guardian Life research.
Guardian examines how families and small business owners are rethinking strategies for building generational wealth
/PRNewswire/ -- The Guardian Life Insurance Company of America® (Guardian) today released its latest publication, Next-Gen Wealth: New opportunities for...
Your Business Is Probably Your Largest Asset. Are You Managing It That Way?
Your business is likely your largest asset. Learn why managing it for enterprise value—not just income—can increase wealth, reduce risk and create more options.
CBA Profit Tops Estimates as Home and Business Lending Grows
Commonwealth Bank of Australia’s full-year profit topped estimates as lending grew in its key businesses of mortgages and loans to companies.
The Guardian view on AI money in US politics: not the way to hold an urgent democratic debate
Editorial: Amid public concern over the impact of new technology, Silicon Valley’s use of its wealth to influence specific election races is an unwelcome development
We’re reading less. And it’s making us stupid
Books have never been trendier, but studies show that as more and more things compete for our frazzled attention spans, we’re reading less and less. This is a problem because reading has a wealth of cognitive benefits that we’re in danger of missing out on.To find out why declining literacy could affect everything from memory to IQ, Madeleine Finlay speaks to the Guardian’s science editor, Ian Sample. She also hears from Prof Falk Huettig, an experimental psychologist at the Max Planck Institute for Psycholinguistics and author of The Perks of Being a Bookworm
F.N.B. Corporation Enhances Offering for Ultra-High-Net-Worth Clients and Business Owners with Investment in Family Wealth Advisory Services
/PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced today it has further enhanced its Family Wealth offering for ultra-high-net-worth clients with an...
A Fake Email Redirected $113,050 Into His Business Account, Then Nearly All the Money Was Gone in Hours
A North Dakota man is facing federal fraud charges after prosecutors say a nearly identical email address redirected $113,050 owed to an art dealer into ... Read More
Norris Consultant Group Launches New Credit-to-Capital Curriculum on The Wealth Blueprint Platform
ANDERSON, S.C., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Norris Consultant Group, the parent company and operating entity behind The Wealth Blueprint, today announced the launch of a new curriculum module on its educational platform, expanding the program's business credit and funding-readiness training for aspiring entrepreneurs. The new module went live in early August 2026 and is now available to members of The Wealth Blueprint community. Norris Consultant Group operates The Wealth Blueprint as its
The Lancet Regional Health – Europe: Europe’s failure to deliver on drug-resistant TB
The Europe's TB paradox: some of the world's wealthiest and most advanced health systems are failing to implement known tools to tackle drug-resistant TB.
Group urges Democrats to woo moderate voters with populist policies
A progressive group says messages that target the wealthy and large corporations appeal to a majority of Americans who see the economy as fundamentally rigged.
Where are the Ugandan boxers? Four are latest athletes to vanish after UK sports events
Team manager has ‘no idea’ why they disappeared, after reports one of Commonwealth Games athletes said they intended to claim asylum
A Caller Posed as Webster Bank’s Fraud Manager. One Business Lost $50,000
A West Hartford business received a phone call from someone claiming to be a fraud manager at Webster Bank. The caller was not working for ... Read More
Black Wealth Crawl promotion designed to support independent businesses
Customers are encouraged to shop at participating Black-owned businesses from Aug. 28 to Sept. 7, when purchases qualify shoppers for the chance to win $150 gift cards and other raffle prizes.
Employee versus entrepreneur mentality: Is the wealth management business 'dying comfortably'?
As the industry logs record-high profits alongside anemic organic growth, it's time to ask whether firms have permanently lost their business development muscle.
American Slaveholders Lost Their Wealth but Kept Their Political Power
In new research, Luna Bellani, Anselm Hager, and Stephan Maurer examine how the abolition of slavery after the American Civil War affected the political influence of former slaveholders. Despite the blow to their economic standing, former slaveholders maintained their electoral success, and once in office, their influence actually grew.
VDH confirms first case of dengue virus in Virginia
The Virginia Department of Health has confirmed the commonwealth’s first case of dengue, a virus transmitted through mosquito bites, in northern Virginia.
Video Game Giant Electronic Arts Closes $55 Billion Go-Private Sale of Its Business
CHICAGO (AP) — Video game giant Electronic Arts officially has new owners. The California-based maker of popular titles like “Battlefield” and “The Sims” announced Tuesday that it closed the $55 billion sale of its business to Saudi Arabia’s sovereign wealth fund PIF, investment firm Silver Lake ...
Saudi wealth fund and Jared Kushner's Affinity finalize $55 billion EA Sports deal
EA said its stock has ceased trading and will be delisted from the Nasdaq. Its shareholders will receive $210 in cash per share.
Singapore's UOB to shed asset management arm for $433.5 million to focus on wealth management
Singapore lender United Overseas Bank said on Wednesday that it had agreed to sell its asset management business to a unit of European insurer Allianz for S$555 million ($433.49 million).
Hightower Signature Wealth Adds $2.5 Billion Business
Since the start of this year, HTSW, which launched in October last year, has added almost $30 billion in assets under management.
The Business of Helping the Ultra-Wealthy Vanish From the Internet
A growing industry now sells executives and high-net-worth clients something increasingly difficult to secure on their own: a smaller digital footprint.
Beyond 'Pawn Stars': How One Entrepreneur Turned Hidden Wealth Into a Business Opportunity
Years of valuing luxury assets taught Michael Manashirov that true entrepreneurship isn't just about recognizing value—it's about finding better ways to unlock it.
Ariana Grande Says Planned Step Back Is About Boundaries, Not Rejecting Her Career
Ariana Grande says her coming break from public-facing work was planned long before recent headlines intensified questions about her health, appearance and future in entertainment. ... Read More
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
I Help Professionals Buy Their Own Businesses: This Is the $1.1 Million Mistake I See All the Time
Waiting to buy a business because of fear or uncertainty often costs professionals significantly more in missed compounding wealth than the risks they are trying to avoid would cost.
Barney-Smith wants to 'mix it with the best'
British and Commonwealth super-featherweight champion Royston Barney-Smith has ambitions to "mix it with the best" at 130lbs.
Prince William, Princess Kate attend Commonwealth Games with all 3 kids
Prince William and Princess Kate's latest family day was at the 2026 Commonwealth Games, where they brought along all their kids.
At colleges, the AI boom means everyone wants to dabble in computer science
With no background in coding, Faith Maeba, a psychology major, was reluctant when her mother first suggested she enroll in classes on artificial intelligence. But the senior at Virginia Commonwealth…
California Democratic Party endorses billionaire wealth tax in narrow vote
The close vote exposed deep schisms within the party over how to cope with healthcare cuts passed by Congressional Republicans.
Experts say Newsom's tax returns don't show full picture of his wealth
California Gov. Gavin Newsom and First Partner Jennifer Siebel Newsom released their tax returns this week, covering the years 2021 to 2024, as federal investigations reportedly focus on their nonprofits.
The Ultra-Rich Are Moving to Miami, and Want Their Money Managers There, Too
Tax incentives, among other benefits, have drawn the ultrawealthy to the city. And they need space for the firms that manage their money.
Bangladesh’s future depends on the military distancing itself from politics
The generals’ pursuit of wealth and civilian power fuelled corruption while leaving the army hollowed out
Small-Business Owners Put Millions Into “Good Faith Accounts.” He Bought a Yacht
Small-business owners transferred millions of dollars to William Thomas Engle after he promised to help them obtain large commercial loans and assured them that their ... Read More
A Courthouse Employee Got $41,250 for a Business That Didn’t Exist, She Won’t Go to Prison
A former Illinois courthouse employee admitted obtaining $41,250 in Paycheck Protection Program loans for a remodeling company that investigators said did not exist. Erica L. ... Read More
Prince Edward shares sweet moment with his great-niece, Princess Charlotte, at the Commonwealth Games in Glasgow
It was a royal family outing as the Duke and Duchess of Edinburgh joined the Wales family in the stands at the velodrome
Preparing for the next chapter: A business owner’s guide to succession and wealth planning
U.S. Bank's Texas wealth leader shares why business owners should plan succession early to protect their biggest asset and prepare for retirement.
The US public is fed up with RFK Jr. To really ‘make America healthy again’, it should look to Europe
Americans are dying younger than Europeans, despite being the wealthiest people on the planet. Wellness fads won’t change that, says public health expert Devi Sridhar
Cricket & archery well placed for Commonwealths spot
Cricket, archery and shooting are among the sports well placed to regain their spot at the Commonwealth Games in India in 2030.
Miami Called out Unexpectedly by $5 Million Superstar
This wealthy star caught the attention of Miami with his words. The post Miami Called out Unexpectedly by $5 Million Superstar appeared first on HEAVY.
Pokémon Red & Blue mod transforms the RPG into a sick 3D voxel game
A new mod for the original Pokémon games adopts a new perspective, alongside a wealth of other neat graphical features
This South Dakota race shows how wealthy candidates are changing American politics
The incumbent governor faces an unexpected challenge from a self-funded outsider.
July 28 Playbook: Boyle Talks Politics, Political Future
⚡ Good Morning. Could be an active day in the Commonwealth. Headlines. Boyle Gives History Lesson at PA Press Club. McCormick Says Iran War Costs Won't Take Away From Defense Tech Investments. More Broadband Money Set to Flow Into PA. Animal House at 46 🎶 Your Morning Pick Me Up.…
Who's Moving Where In Wealth Management – Raymond James's ICD Business, Rosenberg & Parker
The latest senior moves, appointments and personnel changes in North American wealth management.
Business Starts for July 27
In April, 1,513 new businesses filed incorporation paperwork with the Massachusetts Secretary of the Commonwealth, in order to do business in the state.
Greechan looks to future after Guernsey defeat
Jersey's Taylor Greechan hopes his experience at Glasgow 2026 can help him in future Commonwealth Games.
Rural Virginia has been kind to the GOP, yet Trump’s GOP allows rural healthcare to suffer
Policies put in place during President Donald Trump’s second term contribute substantially to the declining availability of medical care in the rural communities of the commonwealth — the same communities that are, by far, Trump’s strongest base of support, writes columnist Bob Lewis.
Three wins out of four for basketball sides
Scotland men's hopes of reaching the quarter-finals of the 3x3 Basketball at the Commonwealth Games suffered a blow with a 21-13 defeat by New Zealand. The Scots had defeated Nigeria 21-16 earlier on Sunday but now sit third in the Pool A table behind Australia and New Zealand. While Scotland have won three of their five games, the two Antipodean sides have won four, with Australia also having a game in hand.
Colleges promise ‘business as usual’ on Mideast campuses despite war
U.S. universities with programs in wealthy Mideast areas are expecting — or hoping — to keep classes going. Iran warns they "are legitimate targets for us.”
A Son of Wealth Finds His Calling in a High-End Grocery Store
How the scion Sammy Nussdorf found his calling among the carefully arranged shelves of Meadow Lane, his chic market in Lower Manhattan.
Am I a chicken-shop lefty? Here’s what a French fast food row taught me about politics
Feathers are flying over the halal chicken chain Master Poulet opening a branch in gentrified Saint-Ouen-sur-Seine – it’s an issue of wealth and class we know only too well, says writer and podcaster Coco Khan
The rise of the political mega-donor
Limits on public funding open the door to influx of private wealth, with cryptocurrency adding a new complication to transparency
Scotland's 3x3 wheelchair basketball teams kick-off with wins
Scotland men and women made a dream start to their respective 3x3 wheelchair basketball campaigns with an impressive victory. The men defeated South Africa 15-9 while the women breezed to a 16-1 win over Nigeria in the first of three group games. The women's 3x3 basketball team, though, endured a trickier day on court, but ended on a high, picking up their first victory of the Commonwealth Games against Singapore.
Bowman 'honoured' to make return after eight-year hiatus
Goal shooter Lisa Bowman says she had "goosebumps" playing for Northern Ireland in their opening Commonwealth Games defeat against England as she made her return to the international stage after an eight-year break.
Jewell Loyd On AT&T Partnership And Building Her Business Empire
Jewell Loyd discusses her AT&T partnership, business ventures, Dobro Coffee and how the WNBA star is building wealth through entrepreneurship and ownership.
Wales make history with 3x3 wheelchair basketball win
Team Wales experienced its first 3x3 wheelchair basketball action in the Commonwealth Games today as the women's team of Anastasia Blease, Chloe Morgan, Libi Phillips, Molly Lander beat India 16-1 in Glasgow. Captain Blease led the way with seven points, while Landa scored five and Phillips added four. Wales will play two further group games against Nigeria and Scotland.
Welsh wheelchair basketball couple hunt Glasgow glory
Partners Libi Phillips and Will Bishop to represent Wales in wheelchair 3x3 basketball at the Glasgow Commonwealth Games.
Mamdani warning to wealthy New Yorkers about 'fair share' sparks online firestorm: 'Full blown communist'
Zohran Mamdani's viral post celebrating New York City's new pied-à-terre tax on $5M+ second homes drew sharp backlash from conservative critics.
BP nears deal to sell solar business to Kuwait-backed consortium, FT reports
BP is in advanced talks to sell its solar business, Lightsource, to a consortium backed by Kuwait's sovereign wealth fund, the Financial Times reported on Friday, citing people familiar with the matter.
Yoga, Hiking and Other Workouts Are Taking Off in China. Pricey Workout Clothes, Too.
“Health is kind of the new wealth in China,” said one athletic apparel executive.