Group 1: ABC and Nexstar Media Group's Position - ABC has announced that "Jimmy Kimmel Live!" will return after a brief suspension, but Nexstar Media Group and Sinclair Broadcast Group will continue to preempt the program [2] - The suspension was originally due to Kimmel's remarks about Charlie Kirk's death and the Trump administration's response [4] - Alan Jackson, a defense attorney, stated that ABC and Nexstar are within their rights to make employment decisions regarding Kimmel [5][4] Group 2: Free Speech and Legal Perspectives - Jackson emphasized that Kimmel has the right to express his opinions, but must also face the consequences of his statements [7] - He argued that the situation is not an infringement on free speech, as Kimmel is not being jailed for his comments [7] - The American Federation of Teachers, AFL-CIO, and Reporters Without Borders have requested documents from Disney regarding Kimmel's suspension [8] Group 3: Financial Implications - ABC is preparing for a financial impact due to the suspension of Kimmel's show, which has led to concerns from investors about the decision [7]

Mortgage rates rose this week for the first time since mid-July, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.3% from last week's reading of 6.26%. The average rate on a 30-year loan was 6.08% a year ago. TREASURY'S BESSENT SAYS FIXING HOUSING AFFORDABILITY CRISIS WILL BE ONE OF HIS 'BIG PROJECTS' THIS FALL "Housing market activity continues to hold up with purchase ...

Core Viewpoint - The SEC has accused the co-founders of Retail Ecommerce Ventures of running a Ponzi scheme that defrauded investors of tens of millions of dollars through misleading investment practices [1][2]. Group 1: Allegations and Financial Details - The SEC's complaint alleges that Alex Mehr, Tai Lopez, and COO Maya Burkenroad raised approximately $112 million from hundreds of U.S. investors by selling investments in eight companies under Retail Ecommerce Ventures [2][13]. - Between April 2020 and November 2022, they sold unsecured notes promising returns of up to 25% annually and ownership shares with monthly payouts as high as 2% [3]. - The SEC claims that while some portfolio companies generated revenue, none were profitable, contradicting assurances made to investors about strong cash flow and business performance [9]. Group 2: Misuse of Funds - The SEC alleges that to meet interest and dividend payments, the accused used a combination of loans, cash advances, and funds from new and existing investors, indicating a reliance on incoming investments to pay returns [10]. - At least $5.9 million of the returns distributed to investors were described as "Ponzi-like payments" funded by other investors, and approximately $16.1 million was misappropriated for personal use by Mehr and Lopez [12]. Group 3: Impact on Retail Brands - The brands involved, including Dress Barn, Linen 'N Things, Modell's, Pier 1, and RadioShack, were ultimately defaulted on, leading to their acquisition by a new company, Omni Retail Enterprises, LLC [13].

Google's plan to remove Spanish-language network Univision from its core bundle of channels on YouTube TV at the end of this month is drawing pushback from a Republican attorney general in a politically significant state. Alphabet, the parent company of Google and YouTube, is planning to shift Univision from its basic package to a Spanish-language tier that will require customers to pay an extra $14.99 per month in addition to the $82.99 per month base package. The move is expected to occur after the curren ...

The U.S. has collected more than $200 billion in tariff revenues this year, underscoring the scale of President Donald Trump's trade duties as a significant source of government income. Tariff revenues hit $31.4 billion in August, the largest monthly total in 2025. September has already climbed to $29.7 billion and is on pace to set a new high.BESSENT DEFENDS TRUMP'S TARIFFS AGAINST CLAIMS THEY HARM US BUSINESSES Total tariff revenue for 2025 has reached $213.3 billion, according to the latest "Customs and ...

The U.S. economy accelerated in the second quarter as the Commerce Department released its second revision of real gross domestic product (GDP) growth for the latest quarter. The Bureau of Economic Analysis (BEA) on Thursday released its third and final estimate of second-quarter GDP, which showed the economy grew at an annualized rate of 3.8% in the April through June period. That figure was hotter than the 3.3% estimate of economists polled by LSEG, and came in higher than the Commerce Department's initia ...

Core Points - A group of Republican lawmakers expressed support for the Trump administration's initiative to allow alternative assets, including cryptocurrencies, in 401(k) plans [1][2][6] - The lawmakers believe that this executive order could enhance Americans' retirement savings and have urged the SEC to collaborate with the Labor Department to revise regulations for better accessibility [2][6] - The executive order aims to provide access to alternative investments, potentially benefiting 90 million Americans currently restricted from such options [9] Legislative Support - House Financial Services Committee Chairman French Hill and Subcommittee on Capital Markets Chair Ann Wagner, along with seven other GOP lawmakers, wrote to SEC Chairman Paul Atkins in support of the initiative [1][6] - The letter emphasized the importance of allowing access to alternative assets to improve net risk-adjusted returns for retirement savings [3][6] Executive Order Details - Trump's executive order opens 401(k) plans to various alternative assets, including private market investments, real estate, digital assets, commodities, infrastructure projects, and longevity risk-sharing pools [9][10] - The Labor Department has issued an advisory opinion affirming that lifetime income investment options qualify as a default investment alternative under the Employee Retirement Income Security Act [12][14] Implementation Steps - The SEC is encouraged to expedite assistance to the Labor Department and revise its regulations to facilitate access to alternative assets in participant-directed defined-contribution retirement plans [6][12] - Labor Secretary Lori Chavez-DeRemer stated that the Department of Labor is actively working to implement the executive order, providing plan fiduciaries with more flexibility in designing retirement investment strategies [14]

Now that fall is here, people are preparing their homes and yards with the colors of the seasons and many Americans are opting for professionals to do the dirty and creative work. "I normally spend over $200 dollars on pumpkins and every time I pull into my driveway — I hate it," says Jessica Ransom, a mom of two from Charlotte.This year, Ransom found the "Little Pumpkin Decorators" online and hired them to build a picturesque display on her front porch.  "My kids are older, and they’re really getting into ...

Wall Street financial titan Goldman Sachs will host the largest gathering of small business owners in Washington, D.C., next month as part of its continuing effort to help small businesses position themselves for growth. The Goldman Sachs 10,000 Small Businesses Summit, which kicks off on Oct. 29 to Oct. 30, will include educational programming and networking opportunities, enabling thousands of entrepreneurs to connect with business leaders and advocate for small business priorities on Capitol Hill. The ev ...

Core Viewpoint - Treasury Secretary Scott Bessent warns that if Zohran Mamdani implements his socialist economic plans as mayor, New York City will require a federal bailout, which he will not provide [1][4]. Group 1: Economic Implications - Bessent emphasizes that New York City will come to the federal government for a bailout if Mamdani's policies are enacted [1]. - He predicts that the implementation of Mamdani's plans could lead to a loss of the city's tax base, as high earners and businesses may leave [6]. - Bessent notes a significant transfer of wealth from Manhattan County to Palm Beach County over the past five years, indicating a trend of economic flight [6]. Group 2: Criticism of Mamdani's Policies - Mamdani's proposals, which include free buses, city-owned grocery stores, and rent freezes, have raised concerns among Wall Street executives [7]. - Bessent describes Mamdani's financial plan as potentially destructive to jobs and a catalyst for businesses and wealthy taxpayers to exit New York [10]. - The sentiment against Mamdani's agenda is echoed by billionaire hedge fund manager Bill Ackman, who has pledged to support a rival candidate [8].