BALTIMORE, MARYLAND – NOVEMBER 17: Quarterback Lamar Jackson #8 of the Baltimore Ravens reacts after throwing a touchdown pass to tight end Mark Andrews #89 of the Baltimore Ravens (not pictured) against the Houston Texans during the second quarter at M&T Bank Stadium on November 17, 2019 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)
There has never been an American sports weekend like this one, and there may never be another one like it again. That’s exciting for sports fans and big business for U.S. sportsbooks.
The pandemic has pushed the National Hockey League and National Basketball Association playoffs to September, overlapping with Week 1 of the National Football League season for the first time ever. The U.S. Open men’s tennis final and a slate of Major League Baseball games will make Sunday one of the biggest sports betting days ever, according to Patrick Keane, chief executive
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The first-ever peace talks between the Afghan government and the Taliban are under way in the Gulf state of Qatar.
US Secretary of State Mike Pompeo called the talks a “truly momentous” breakthrough, while the head of Afghanistan’s peace council called it an “exceptional opportunity for peace”.
Afghanistan has seen four decades of conflict, with tens of thousands of civilians killed.
These talks follow a US-Taliban security deal reached in February.
Why are these talks historic?
These are the first direct talks between the Taliban and representatives of the Afghan government. The militants had until now refused to meet the government, calling them powerless and American “puppets”.
The two sides are aiming for political reconciliation and an end to decades of violence, which began with the 1979 Soviet invasion.
By Lucia Mutikani
WASHINGTON (Reuters) – U.S. consumer prices rose solidly in August, with the cost of used cars and trucks accelerating by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID-19.
The report from the Labor Department on Friday also showed a firming in underlying inflation last month, putting fears of deflation to rest. Deflation, a decline in the general price level, is harmful during a recession as consumers and businesses may delay purchases in anticipation of lower prices.
Still, stirring inflation is unlikely to discourage the Federal Reserve from pumping more money into the economy to aid the recovery from the COVID-19 recession amid considerable labor market slack. The U.S. central bank in August rewrote its framework, putting new emphasis on the labor market and less on worries about too-high inflation.
“Consumer prices are rebounding from the pandemic
Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently purchased 5% stakes in five Japanese general trading firms, known as “sogo shosha.”
Jesper Koll, WisdomTree’s Japan Strategist, believes a number of considerations beyond the traditional inexpensive valuations and great cash flow motivated Buffett’s purchases:
Sogo shosha can be a great inflation hedge. They are an integral part of global markets for commodities, both soft and hard. Shares typically track inflation, which is important as many investors are now looking for good inflation hedges.
Sogo shosha are dominant venture capital firms in Japan. They see every deal. Buffett is buying one of the best filters for Japan and innovative Asian start-ups.
There’s geo-strategic upside. As the technology cold war between U.S. and China intensifies, Japan is poised to become a big winner. Sogo shosha will be key dealmakers as global companies are forced to switch from Chinese suppliers to Japanese ones.
Afghanistan’s government began peace talks with Taliban leaders on Saturday in a bid to end two decades of war in a meeting fraught with tension over what the insurgent group will demand in return for laying down its arms.
There is concern the militants may seek to ban education for girls and women, according to former Afghan President Hamid Karzai, while other policy makers are worried the Taliban may want to control defence forces.
We will never accept any move to abolish women’s education or wind back their hard won gains in politics or business, Karzai said in an interview at his home in Kabul. I want my daughters to be as educated as the best in the world.
I can tell you with confidence that the history of our country will welcome and remember today as the end of the war and suffering of our people, Abdullah Abdullah, chairman
- Nearly 9,000 unaccompanied migrant children expelled from the United States under the coronavirus-related border ban, which has been in effect since March 20, authorities said on Friday.
- More than 159,000 migrants had been kicked out since the emergency order — 8,800 of which were children traveling alone and 7,600 of whom were family members, according to a US Border Patrol official.
- The data was released as part of the administration’s appeal of a recent court ruling to stop housing migrant children in hotels.
- Visit Business Insider’s homepage for more stories.
Around 8,800 unaccompanied migrant children have been expelled from the United States under the Trump administration’s coronavirus-related border ban, according to court documents filed by the Justice Department on Friday.
Speaking at a court declaration on Friday, US Border Patrol Deputy Chief Raul Ortiz said more than 159,000 migrants had been expelled since the emergency order took effect on March
In a rare campaign trip during the pandemic, Democratic presidential nominee Joe Biden made several stops in Michigan Wednesday, giving a speech, holding a roundtable with several steelworkers, and giving an interview to CNN’s Jake Tapper.
We took a look at several claims Biden made during these stops and the facts behind them.
During a campaign speech in Michigan, focused on manufacturing and his support for unions, Biden claimed that the US trade deficit has hit a record high under the current administration.
“Under President Trump, US trade deficit has grown,” Biden said. “It’s hit an all-time high. Let me say that again. US trade deficit is at an all-time high, under Trump in the last three years.”
Facts First: Biden is wrong. While the trade deficit has grown under Trump, measuring for both goods and services, the overall trade deficit has not
A new wave of investors suffered big losses in recent days, getting a harsh lesson on how the stock market works.
Technology stocks plunged over a three-day trading span that ended Tuesday by their widest margin in nearly six months, erasing thousands of dollars from some individual investors’ portfolios.
Some new investors used options to place big bets that tech stocks would continue to rise unimpeded and were wiped out. Others who had just got into those stocks over the past few months saw their recent gains eliminated. Meanwhile, investors who jumped into the market in March and played it safe saw mere haircuts to their portfolios.
NEW TAX FORCES
- Rural communities are disproportionately affected by the pandemic, as limited access to high-speed internet makes it difficult for people to work from home, access healthcare, and homeschool their kids.
- Brian Whitacre and Roberto Gallardo, experts in economic development, examined initiatives and restrictions from rural state governments to determine which policies impacted the “digital divide.”
- Many states, including Minnesota, Tennessee, and North Carolina, dedicated funding, resources, and policies that have, on average, increased broadband availability and helped get rural Americans connected.
- However, Whitacre and Gallardo say access solves only one part of the issue — factors like affordability can also hugely impact municipal policies.
- Visit Business Insider’s homepage for more stories.
The current public health emergency has shown just how critical adequate and affordable broadband infrastructure is for communities and individuals trying to work, access healthcare, and attempt to teach kids from home.
Yet millions of rural Americans lack access to