Public Markets 8 Hours

Last updated: August 15, 2026, 11:38 PM ET

Public Markets

Lakers sale set a new record at $12.5 billion, up from $10 billion last year, underscoring soaring valuations in professional sports franchises.

Stock-picking funds continue to struggle, with just 13% of U.S. large-cap funds outperforming indexes over the past decade, reinforcing the dominance of passive investing.

Legal & Regulatory

U.S. attorney subpoena targeted a fund-raising firm co-owned by Judge Juan Merchan’s daughter, adding scrutiny to the Trump hush-money trial proceedings.

Geopolitics & Society

Central Synagogue attack rattled Jewish New Yorkers as fears and internal divisions persist amid rising threats.

Politics

Sherrod Brown launched a Senate comeback bid in Ohio at age, banking on his populist message to help Democrats retake control of the chamber.

Climate & Environment

Hurricane Iniki remains the last major hurricane to hit Hawaii, causing at least seven deaths and $1.8 billion in damage, later gaining fame with a cameo in a Spielberg film.