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Tsai Partner: Why Sports Teams Are an Asset Class
TL;DR: Yahoo Finance reported that Weisberg and Tsai first saw the Nets as a bet on the NBA's "limited" supply of teams and on growing media rights. Weisberg says the thesis has paid off. T…

White House Reviews SEC Crypto Broker-Dealer Draft
TL;DR: The White House regulatory office logged an SEC draft on November 3 that would rework how broker dealer rules apply to crypto assets. The text isn't public, no legal deadline is set, and curre…

Biggest Funding Rounds This Week: Shield AI Leads
TL;DR: Shield AI raised $2 billion in equity and $500 million in debt this week, the largest round in Crunchbase News's top 10 list of U.S. deals. Zipline International followed with $1.5 billion. Cr…

Student Loan Caps Push Grad Borrowers to Private Lenders
TL;DR: Newsweek reported that new federal loan caps, in effect since July 1, are pushing graduate students toward private lenders. The lenders' own third quarter earnings back that up, and the detail…

Dimon: Why the Dollar Stays the Top Reserve Currency
TL;DR: JPMorgan CEO Jamie Dimon said the dollar will stay the world's top reserve currency as long as the U.S. keeps the strongest military and the strongest economy, according to Moneywise . He spok…

Fed's Daly: More Rate Hikes Likely as Inflation Stays High
TL;DR: San Francisco Fed President Mary Daly said Friday she expects the Fed will need to raise interest rates further, though the timing and size are undecided. The benchmark rate sits at 3.75% to 4…
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