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- Justice Dept. Settles Case Against Provider of Meat Industry Data
Under the agreement, Agri Stats would pay a fine and broaden whom it sold its pricing data to. The department said the move would help reduce food costs. [TheTopNews] Read More.1 day ago - FIFA, Fanatics join forces in major partnership for official trading cards, coll...
FIFA and Fanatics announced on Thursday a long-term, exclusive collectibles licensing deal that features trading cards, stickers and trading card games.The agreement, which will begin in full in 2031, covers both physical and digital collectibles, with one of the first coming during this summer's World Cup.Players participating in their first World Cup this summer will wear a debut patch that will be stored for cards to be released five years from now. The debut patch program began in 2023 with Major League Baseball.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM"Across the sports landscape, we see that Fanatics are driving massive innovation in collectibles that provides fans with a new, meaningful way to engage with their favorite teams and with their favorite players," FIFA President Gianni Infantino said in a statement. "So, from FIFA’s point of view, we can globalize that fan engagement precisely thanks to our global tournament portfolio. And this provides another important commercial revenue stream that we channel back, as always, into the game, into football." NJ TRANSIT REDUCES WORLD CUP TRAIN TICKET PRICES AFTER BACKLASH, CITING MORE MONETARY SUPPORT: REPORT"This is truly a historic day in our company’s history," added Fanatics founder and CEO Michael Rubin. "Global football is the biggest growth opportunity in sports, and when you combine the power of FIFA with the innovation and entrepreneurial backbone of Fanatics, together we’re poised to elevate storytelling and collectibles around the game in a way that’s never been seen before."The announcement of the long-term deal came with the news that the official FIFA World Cup Final press conferences will take place at the third edition of Fanatics Fest this summer on July 17 in New York City, two days before the final across the Hudson River at MetLife Stadium.Fanatics Fest will also host a massive watch party and will air the FIFA World Cup final live on all screens around the Javits Center for the tens of thousands of expected attendees that day.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe agreement will end FIFA's longstanding partnership with Panini that began in 1970. [TheTopNews] Read More.1 day ago - ChatGPT boom fuels a luxury housing frenzy in Bay AreaThe artificial intelligence (AI) boom has caused a surge in luxury real estate prices in the Bay Area, although more affordable areas in Silicon Valley haven't seen the same gains since the launch of ChatGPT kickstarted the tech sector's AI race.An analysis by Redfin compared the median home sale prices across price segments in 2020-2022 to 2023 to 2025, accounting for the launch of ChatGPT 3.5 in November 2022, which was a watershed moment in the public's awareness of AI. Redfin's report includes all ZIP codes in San Francisco, Oakland, San Jose and San Rafael that had sufficient data for the comparison.Home prices in the Bay Area's luxury ZIP codes with home prices between $3.1 million and $7.6 million saw an average increase of 13.4% in home prices in the two years after the launch of ChatGPT. That figure is more than double the 6.3% average increase for the segment of the market just below luxury, which had prices ranging from $1.5 million to $2.8 million.The most affordable segment of Bay Area ZIP codes in the report had prices ranging from $535,000 to $615,000 and saw prices decline 3.8% on average from 2023 to 2025.NYC LOST MORE RESIDENTS ACROSS ALL INCOME LEVELS IN 2025 AS AMERICANS FLEE HIGH-COST BLUE CITIES"Luxury homeowners in Silicon Valley saw their housing wealth jump during the pandemic, and now it's jumping again thanks to the advent of artificial intelligence and the high-paying jobs that come with it," said Redfin senior economist Yingqi Xu. "Meanwhile, some owners of lower-end properties have missed out on the AI boom, with home prices in the most affordable Bay Area ZIP codes declining over the past two years. It's another sign of the K-shaped economy taking shape in the Bay Area, with AI lifting the fortunes of some households and neighborhoods much more than others," Xu said.CALIFORNIANS WHO MOVE AWAY ARE TYPICALLY SAVING HUNDREDS A MONTH ON HOUSING COSTSThe report also compared metro areas that aren't as reliant on the tech sector as Silicon Valley to see if the luxury and affordable segments of the real estate market saw similar growth patterns.Redfin found that New York saw the opposite trend, with home prices in luxury ZIP codes in the metro area growing just 4.7% on average from 2023 to 2025 – while the most affordable ZIP codes had home values surge 24.9% in that period.AVERAGE MONTHLY MORTGAGE PAYMENT HITS NEW HIGH,… [TheTopNews] Read More.1 day ago
- Dunkin’ owner Inspire Brands confidentially files for IPO
The restaurant company owns Dunkin', Arby's, Buffalo Wild Wings, Baskin Robbins, Sonic Drive-In and Jimmy John's. [TheTopNews] Read More.1 day ago - Ted Cruz says Trump Accounts are ‘Social Security personal accounts’...Sen. Ted Cruz, R-Texas, said that the newly created Trump accounts for newborns and young Americans could pave the way for reforms to Social Security in the future.Cruz spoke at an event during the Milken Institute Global Conference and said that the Trump accounts, which were created under the One Big Beautiful Bill Act last year and officially open this summer, will set an example that could build support for similar accounts geared towards retirement like Social Security."Here's the dirty little secret: Trump accounts are Social Security personal accounts," the senator said.Cruz said that Trump accounts will end up accumulating enough money in the years ahead that parents will want to have an account of their own and may be willing to support a change that would have their payroll taxes go into one in the next five to 10 years.SOCIAL SECURITY'S MAIN TRUST FUND FACES DEPLETION IN 2032, TRIGGERING BENEFIT CUTS"We're going to be able to go to parents and say, 'Hey, you know that Trump account your kid has? Wouldn't you like to be able to keep a portion of your tax payments, that you're paying already, and instead of sending it to Uncle Sam, wouldn't you like to have a Trump account just like your kid does?'" Cruz said.The senator noted that efforts to reform Social Security have long encountered resistance and added, "Conservatives in America, for 50 years… have been trying to do Social Security personal accounts."NEW TRUMP ACCOUNTS PITCHED AS TAX-SEASON GATEWAY TO BUILDING WEALTHThe most significant Social Security reform proposal came during the second term of former President George W. Bush, whose plan would've reformed Social Security by allowing Americans to invest some of their taxable earnings and payroll taxes in low-cost stock market index funds on a voluntary basis into a retirement account.He said that Bush "tried this fight, and sadly, Congress ran for the hills in a display of extraordinary cowardice."TRUMP SIGNS ORDER AIMING TO HELP EXPAND ACCESS TO RETIREMENT ACCOUNTS"How did we get it done this time? Because we gave the money to babies, and so the old people didn't get pissed. But you know what? Babies grow up," Cruz said.Social Security is trending toward insolvency, with its main trust fund projected to be depleted in 2032 as spending on the growing ranks of retired beneficiaries rises faster than the pace of growth in payroll tax revenues.GET FOX BUSINESS ON THE… [TheTopNews] Read More.2 days ago
- Major train operator to be renationalised in months
GWR, which runs trains between London and South Wales, will come under government control. [TheTopNews] Read More.2 days ago
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