Key Points
- Dana White in a letter to President Donald Trump urged him to reverse a cap on gambling loss deductions approved as part of his signature tax law.
- Odds that the cap is reversed this year jumped on prediction markets platform Kalshi.
UFC’s Dana White urges Trump to reverse gambling tax law. His letter moved the prediction market
Finance
Trump wraps up two-day China trip; invites Xi for a September visit
U.S. President Donald Trump and Chinese President Xi Jinping meet on the sidelines of a visit to Zhongnanhai Garden on May 15, 2026 in Beijing, China. China Pool | Getty Images News | Getty Images BEIJING — U.S. President Donald Trump has invited Chinese President Xi Jinping to visit the White House on September 24, […]
Read More
Finance
Fed Governor Miran submits resignation, throws support behind Warsh as new chair
Key Points Fed Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just before new Chair Kevin Warsh takes his seat. Miran has advocated for lower rates, voting against the three quarter-percentage-point reductions the FOMC approved in 2025. This year, he […]
Read More
Finance
Some short sellers are seeing opportunity in this tech mania. How they’re spotting fake AI stocks
Key Points Some short sellers argue the AI-driven rally is beginning to resemble previous speculative manias. Weaker companies rushed to attach themselves to the hottest market theme in hopes of attracting capital and retail traders. Source
Read More