Category: Sports and Business
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The Valkyries Won It All in Year Two. Customers Built This Team.
The Golden State Valkyries beat the Atlanta Dream in Game 7 to win the WNBA title in just their second season. Behind the trophy is a business story worth studying: owners who risked their own money, a privately financed arena, 47 straight sellouts and the first $100 million season in women’s sports.
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The Big Ten Capped NIL at $49 Million. Now the House Has to Act.
The Big Ten just capped what schools can pay or arrange for athletes at about $49 million a year, without waiting for Congress. With 94% of Division I programs spending more than athletics brings in, that is a guardrail. Now the House should pass the Protect College Sports Act, with one fix.
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DoorDash Is Buying Instacart. Judge It at the Checkout, Not by Its Size.
DoorDash agreed to buy Instacart for about $17 billion, and critics are already calling it a threat. Size alone isn’t a crime. Regulators should judge the deal by one test: whether families pay more or less for groceries and get more or fewer choices.
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Intel Lost Nearly 30% in a Day. Wall Street Wants AI Receipts.
Intel plunged nearly 30% and the Nasdaq headed for its worst day since June as investors balked at Big Tech’s cash-burning AI spending. Here’s why the market is doing its job, what it means for your 401(k), and why taxpayers shouldn’t be on the hook.
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The $6.3 Billion Binance Hack Just Made the Case for Self-Custody
Binance says a security incident had an estimated impact of $6.3 billion, the largest crypto theft on record. About $3 billion is frozen and withdrawals are paused. Here’s why one hacked laptop makes the case for holding your own keys, and why Washington shouldn’t overreact.
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Obama Laughed at the Cheesecake Factory. Its Customers Just Set a Record.
Obama joked that Trump has the White House “looking like Saddam Hussein opened a Cheesecake Factory.” Days later the chain reported a record $1.03 billion quarter, with comparable sales up 15.2%. Here’s what the joke says about how elites see the families who save up for a night out, and how Republicans should use it.
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Baseball’s Owners Want a Salary Cap. The World Series Just Said No.
Baseball’s owners say the sport needs an MLB salary cap so small-market fans can believe their team has a chance. Then the World Series showed up and made the opposite case. The Milwaukee Brewers and the Tampa Bay Rays, two of the lowest-spending clubs in the game, are playing for the title right now. Milwaukee…
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Microsoft Offers 60,000 Workers a Buyout. That Beats a Pink Slip.
Microsoft offered voluntary buyouts to about 60,000 employees, roughly 27% of its workforce, as it pours money into AI data centers. A voluntary exit beats mass layoffs, the AI bet belongs to shareholders, and Washington should stay out.
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Anthropic’s IPO Could Break Records. Read the Fine Print First.
Anthropic filed for what could be the biggest IPO ever. Letting ordinary investors own a piece of AI is a win for free markets, but the S-1 shows an $80.7 billion half-year loss, a public-benefit mission, and founders holding 50.1% of the votes.
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Olympia Wouldn’t Touch Girls’ Sports. Now Washington Voters Will.
Washington lawmakers wouldn’t give girls’ sports a hearing, so Initiative 638 goes straight to voters on Nov. 3. Here’s what it does, why the Legislature ducked it, and why fairness for girls is the mainstream position, not a slogan.
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