• Business Insider

    Baby boomers are big winners from the Fed's policies - but younger generations are 'screwed,' market veteran says

    Baby boomers' stocks and houses gained value for years due to low interest rates, and now they can earn 5% from Treasury bills, Larry McDonald said.

  • Associated Press

    What's next in major college football realignment? How about a best-of-the-rest league

    Now that the Power Five is about to become the Power Four, the schools left out of the recent consolidation of wealth produced by conference realignment are looking at creative ways to stay relevant. An idea floating around the Mountain West Conference calls for the creation of a multi-tiered conference or alliance of leagues that would use a promotion-and-relegation system akin to what is done in European soccer. Yahoo Sports first reported the existence of the proposal and Front Office Sports obtained the detailed presentation of a plan put together by Boise State associate athletic director Michael Walsh.

  • Reuters

    Sam Bankman-Fried to stay in jail, appeals court rules

    A U.S. appeals court on Thursday upheld a judge's decision to jail former cryptocurrency billionaire Sam Bankman-Fried ahead of his Oct. 3 trial on fraud charges stemming from the November 2022 collapse of his now-bankrupt FTX exchange. The decision was issued by the 2nd U.S. Circuit Court of Appeals in Manhattan. U.S. District Judge Lewis Kaplan had revoked Bankman-Fried's $250 million bail on Aug. 11, finding probable cause to believe that the defendant had tampered with witnesses.