jake paul mike tyson fight sets record for boxing gate outside las vegas

The boxing match between Jake Paul and Mike Tyson at AT&T Stadium in Arlington, Texas, has set a record for the largest boxing gate outside of Las Vegas, generating $17.8 million in revenue. With over 70,000 expected attendees, this surpasses the previous record of $9 million from the 2021 Canelo Álvarez vs. Billy Joe Saunders fight. The event, airing on Netflix, will also feature a highly anticipated rematch between Katie Taylor and Amanda Serrano.

FTC enforces click-to-cancel rule to protect consumers from subscription traps

The US Federal Trade Commission (FTC) has implemented a "click-to-cancel" rule, mandating that businesses make subscription cancellations as straightforward as sign-ups. The Consumer Financial Protection Bureau (CFPB) will enforce this rule to protect consumers from deceptive practices, particularly in subscription services. Violators may face consequences, as the rule aims to curb unfair subscription practices and ensure transparency in terms and conditions.

high labor costs challenge hospital performance despite stable revenue trends

Hospital performance remains stable, but high labor costs pose significant challenges, with labor expenses comprising 84% of medical groups' total costs. The median subsidy per employed physician has surpassed $300,000 for the first time, highlighting the need for revised compensation models. As hospitals treat more high-acuity patients, both inpatient revenue and average lengths of stay have increased, necessitating careful expense management.

billionaire investors divided on trading strategies for alphabet and amazon

Billionaire investors showed a split in their views on Alphabet and Amazon, two major tech stocks, during the last quarter. This division highlights the contrasting strategies of Wall Street's top investors as they navigated their portfolios amid market uncertainties.

Trump silent on US Steel deal as Nippon Steel seeks support

On the final day of his campaign, Donald Trump promised to protect American jobs and manufacturing in Pittsburgh but notably did not address his previous commitment to halt the $14.1 billion sale of United States Steel Corp. to Nippon Steel Corp. Meanwhile, a top Nippon Steel executive is set to visit Pittsburgh to garner support from union members and local politicians for the acquisition.

global healthcare it market insights and growth opportunities analysis

The report on the Global Healthcare IT Market highlights critical insights into market dynamics, regional growth, and investment potential, catering to both established and emerging players. It includes comprehensive analyses such as Porter's Five Forces and PESTEL, alongside competitive landscapes and strategic methodologies for informed business decisions. Customization options are available to meet specific client needs, ensuring tailored insights for effective market engagement.

biden administration forgives over 166 billion in student debt relief

President Joe Biden has forgiven over $166 billion in student debt, benefiting approximately 4.4 million borrowers through programs like Public Service Loan Forgiveness and borrower defense to repayment. The average debt forgiven per borrower is $38,207, with D.C. residents receiving the highest average discharge of nearly $53,000. Despite legal challenges to some initiatives, the administration has made significant strides in providing debt relief.

Sky Gold reports five-fold profit increase driven by strong sales growth

Sky Gold reported a five-fold increase in net profit to Rs 36.7 crore for the September 2024 quarter, up from Rs 7.3 crore a year earlier, driven by a 94.2% surge in total revenue to Rs 768.8 crore. Managing Director Mangesh Chauhan attributed this growth to product innovation, improved capacity utilization, and synergies from recent acquisitions, which have expanded the company's market share from 35% to 70%.

trump trade wars expected to deepen yuan losses according to goldman sachs

Goldman Sachs predicts that the yuan will continue to decline as President-elect Donald Trump prepares to impose tariffs on Chinese exports, potentially igniting a trade war. Strategists estimate that tariffs on these exports could increase by an effective rate of 20 percentage points early in his administration.

tax-loss harvesting strategies using exchange-traded funds to maximize tax benefits

Tax-loss harvesting allows investors to sell losing assets to offset gains and reduce taxable income, with excess losses carried forward. While the IRS wash sale rule complicates this by disallowing claims on repurchased identical assets, exchange-traded funds (ETFs) offer a solution through similar alternatives, helping investors maintain market exposure without violating tax regulations. Consulting a financial advisor is recommended to navigate these complexities.
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