Author: kumbhorg

Ronald Reagan deserves much praise for his stalwart commitment to free trade and lowering trade barriers. Even his most contentious policy—the Voluntary Export Restraint (VER) agreement with Japan—can be seen as a defense of free trade, once the context and Reagan’s limited options are understood. But was the VER agreement a success? Do Trade Restrictions Fuel Growth? New Right thinkers such as Oren Cass certainly seem to think so, claiming two successes from Reagan’s non-policy: the VERs caused domestic job growth in manufacturing and increased foreign investment in the US. This is an important distinction and is crucial to his…

Some stuff I am reading today morning: Nvidia becomes first co to hit $4 Trillion Market Cap (Reuters) Trump sends more Tariff Letters (CNBC) Trump threatens 50% tariffs on Brazil (CNN) FM exhorts NBFCs to double loan book (FE) The slow death of small cars (Forbes) Bitcoin soars to record highs (Yahoo) Revenue comes to Crypto (Tomasz Tunguz) Life Lessons from Trading (J Trader) The Investing Paradox of Choice (CS) Anatomy of a WhatsApp Stock Scam (Herb Greenberg)

The cricketing landscape in Hyderabad has been thrown into disarray following the dramatic arrest of Hyderabad Cricket Association (HCA) President A Jagan Mohan Rao and four other senior officials by the Telangana CID. The high-profile detentions stem from a serious complaint lodged by Kavya Maran, owner of the Indian Premier League (IPL) franchise Sunrisers Hyderabad (SRH), alleging persistent blackmail and misconduct by the HCA leadership. This unprecedented development has sent shockwaves through the state’s sports administration and raised significant questions about the future of professional cricket in the region.The controversy first surfaced during the 2025 IPL season in March, when…

Paris Saint-Germain are still showing its hunger for trophies as they grab a ticket to the FIFA Club World Cup final. The Ligue 1 outfit took down Real Madrid 4-0 in the semifinal round to book a meeting with Chelsea. PSG Beat Madrid in Convincing Fashion Les Parisiens continue to showcase their prowess. After such a dominant performance in the Champions League, they put on another similar display in the Club World Cup. Following their 2-0 victory over Bayern Munich, PSG defeated another European giant, Real Madrid. Expecting another tight encounter in the semifinal, Luis Enrique’s side changed the atmosphere…

The free agent market for a top-six forward is pretty bare, so teams could call the Pittsburgh Penguins to see what they have available SDPN: (YouTube) Chris Johnston and Julian McKenzie on The Chris Johnston Show talking about the Pittsburgh Penguins and two of their forwards – Bryan Rust and Rickard Rakell – who are getting some trade interest. ** NHLRumors.com transcription Julian McKenzie: “Let’s flashback to a couple of days ago. You sent out this tweet, ‘Something to keep an eye on once Nikolai Ehlers makes his free agent decision, there’s a sense it could spur trade activity among…

Shares in the maker of Kellogg’s Corn Flakes have soared by more than 50% after reports that chocolate giant Ferrero is close to buying the firm for about $3bn (£2.2bn).A takeover deal for WK Kellogg, which owns the Fruit Loops and Rice Krispies breakfast cereals, could come as soon as this week, the Wall Street Journal and Financial Times reported.The Italian owner of the Ferrero Rocher and Kinder brands has been expanding in recent years, buying Nestle’s confectionery business and several other food firms.WK Kellogg and Ferrero did not immediately respond to BBC requests for comment.The deal could be worth…

Bitcoin has reached a new all time high (ATH) of $112,000, following a steady climb that began on June 22, when Bitcoin was trading near $98,000.  Coinciding with BTC’s ATH, BlackRock’s iShares Bitcoin Trust today also closed at a new ATH of $63.58. IBIT now holds more than 700,000 BTC, roughly over 3.33% of the total bitcoin supply. According to Bloomberg, IBIT generates more annual fee revenue than BlackRock’s S&P 500 ETF (IVV). Despite being just 18 months old, the $75 billion ETF earns an estimated $187.2 million annually, surpassing the $187.1 million earned by IVV. In 2021, El Salvador…

Shefali Jariwala’s sudden demise on June 27 left many of her friends and fans shocked. Best known for her unforgettable performance in the song ‘Kaanta Laga’, Shefali was just 42 when she passed away.Shefali’s husband, television actor Parag Tyagi, has been sharing glimpses of his grief and love through social media. Just days after he penned a moving note honouring Shefali’s life and legacy, Parag has now dedicated another emotional post to her memory on July 10.Parag’s latest tribute: ‘Together Forever’Taking to Instagram, Parag posted a tender video that showed him and the couple’s beloved dog Simba holding Shefali’s hand.…

By Scott Cooper, updated July 9, 2025 In the fast-changing world of finance, a quiet revolution is happening. Big banks like Bank of America (BofA), JP Morgan, and Wells Fargo are diving deep into the world of stablecoins — digital currencies pegged to real-world assets like the U.S. dollar. Banks compete with stablecoins not just by adopting them, but by creating their own versions to stay ahead. What was once the domain of crypto startups is now becoming a playground for traditional banking giants. But why are these conservative institutions, once skeptical of crypto, now embracing stablecoins? Let’s break it…

Paris Saint-Germain’s Fabian Ruiz, bottom, celebrates with team mate Achraf Hakimi (AP Photo/Adam Hunger) Paris Saint-Germain delivered a commanding performance in their Club World Cup semi-final match against Real Madrid, securing a 4-0 victory at MetLife Stadium in East Rutherford on July 10, 2025. Fabian Ruiz scored twice, while Ousmane Dembele and Goncalo Ramos added goals to set up a final clash with Chelsea, as PSG continues their pursuit of adding to their successful season following their French title and UEFA Champions League victories.The match saw PSG take early control with two quick goals in the opening nine minutes through…