America Has New Type of Money, Making Some Rich...Should You Get It?

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Jury expected to begin deliberations in NFL 'Sunday Ticket' trial on Wednesday

JOE REEDY
June 24, 2024

LOS ANGELES (AP) -- The jury in the class-action lawsuit filed by "Sunday Ticket" subscribers against the NFL is expected to begin deliberations on Wednesday after both sides wrapped up their cases on Monday.

U.S. District Judge Philip Gutierrez will have a conference with attorneys for both sides Tuesday morning to determine final jury instructions. Gutierrez could also hear a motion from the NFL on Tuesday afternoon to grant judgment as a matter of law to the league because the plaintiffs did not provide enough evidence.

Gutierrez will then give final instructions to the jury of five men and three women Wednesday morning before final arguments begin. Each side will get 1 hour, 10 minutes to make their statements with the plaintiffs getting an additional 20 minutes for rebuttal.

The NFL's final witness was Stanford economics professor B. Douglas Bernheim, whose testimony began last Thursday and wrapped up Monday morning.

Bernheim reiterated the league's position that selling out-of-market Sunday afternoon games on Fox and CBS to DirecTV from 1994 to 2022 and now Google YouTube TV benefits the fan and creates level competition on the playing field.

Harvard professor Einer Elhauge, a rebuttal witness for the plaintiffs, contended there were no links between the restraints the league put in to make "Sunday Ticket" a premium package and creating competitive balance.

Elhauge also testified that the approximately $62.5 million each team gets per year from "Sunday Ticket" would not cause massive ramifications to the league's salary cap or a team's operating budget.

Dallas Cowboys owner Jerry Jones testified last week that if he was able to sell his out-of-market rights, he would not be in favor of a salary cap.

The class action, which covers 2.4 million residential subscribers and 48,000 businesses who paid for the package of out-of-market games from the 2011 through 2022 seasons, claims the league broke antitrust laws by selling its package of Sunday games aired on CBS and Fox at an inflated price. The subscribers also say the league restricted competition by offering "Sunday Ticket" only on a satellite provider.

The NFL maintains it has the right to sell "Sunday Ticket" under its antitrust exemption for broadcasting. The plaintiffs say that only covers over-the-air broadcasts and not pay TV.

If the NFL is found liable, a jury could award $7 billion in damages, but that number could balloon to $21 billion because antitrust cases can triple damages.

The lawsuit was originally filed in 2015 by the Mucky Duck sports bar in San Francisco, but was dismissed in 2017. Two years later, the 9th Circuit Court of Appeals, which has jurisdiction over California and eight other states, reinstated the case. Gutierrez ruled last year the case could proceed as a class action.

Whatever the decision ends up being, the losing side is expected to appeal to the 9th Circuit and then possibly the Supreme Court.

___

AP NFL: https://apnews.com/hub/nfl

Continue Reading...

Popular
Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Senator Tommy Tuberville disclosed numerous stock trades on Friday June 14. A look at some of the key highlights.

Top 2 Utilities Stocks That May Rocket Higher In June

Top 2 Utilities Stocks That May Rocket Higher In June

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

'Bombshell' Presentation Exposes Dark Side of Tech Billionaires - Ad

Blistering presentation exposes dark underbelly of Big Tech; their control over the economy and what you can do about it. If you watch just one presentation this year, make sure it's this one.

Cathie Wood-Led Ark Invest Dumps $4.3M Worth Of Nvidia Shares Amid Rebound -- Swoops Into Buy Stock Of This Netflix Rival

Cathie Wood-Led Ark Invest Dumps $4.3M Worth Of Nvidia Shares Amid Rebound -- Swoops Into Buy Stock Of This Netflix Rival

On Tuesday, June 25, 2024, Cathie Wood-led Ark Invest made significant trades in NVIDIA Corp (NASDAQ:NVDA) and Roku Inc (NASDAQ:ROKU), amidst considerable market volatility.

Elon Musk's Parents Weren't Interested In Moving To The US, But He Got The Paperwork Done For Everyone Except His Father: 'You'll Never Be Successful'

Elon Musk's Parents Weren't Interested In Moving To The US, But He Got The Paperwork Done For Everyone Except His Father: 'You'll Never Be Successful'

Elon Musk's journey to the U.S. began without his father Errol Musk's support, highlighting a strained relationship and significant family tensions.

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

XPeng's Flying Car Takes Off In China, Aims For Commercialization By End Of The Year

XPeng's Flying Car Takes Off In China, Aims For Commercialization By End Of The Year

China's XPeng Inc. successfully showed off its flying car, the X2, at a trade fair, signaling a push towards commercialization in the low-altitude economy.

Donald Trump Ally Kari Lake Sparks Controversy With Speech In Front Of Confederate Flag: 'They Stole Our Government'

Donald Trump Ally Kari Lake Sparks Controversy With Speech In Front Of Confederate Flag: 'They Stole Our Government'

Republican Senate candidate Kari Lake sparks controversy by speaking in front of a Confederate flag, echoing debunked election fraud claims.

Collect 10%+ Dividends From AI's Explosive Growth? - Ad

This one-of-a-kind fund is set to pay out a tsunami of profits to shareholders... Giving you the chance to collect 10%+ dividend yields, year after year! In his brand-new "AI Income Playbook," Marc Lichtenfeld gives you the full scoop on this breakthrough fund... Including its name, ticker symbol, and profit potential.

Biden In Trouble: Trump Dominates Swing States, Ties In New Battleground State Won By Democrats In 12 Straight Presidential Elections

Biden In Trouble: Trump Dominates Swing States, Ties In New Battleground State Won By Democrats In 12 Straight Presidential Elections

A new 2024 election poll makes a change to what the top seven swing states are. The move and poll results could have Joe Biden worried.

Judges hear Elizabeth Holmes' appeal of fraud conviction while she remains in Texas prison

Judges hear Elizabeth Holmes' appeal of fraud conviction while she remains in Texas prison

SAN FRANCISCO (AP) — A panel of federal judges spent two hours on Tuesday wrestling with a series of legal issues raised in an attempt to overturn a fraud conviction that sent Theranos CEO Elizabeth Holmes to prison after a meteoric rise to Silicon Valley stardom.

Ex-CIA Insider Exposes How Dems Could Rig the Election - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

Micro communities for the homeless sprout in US cities eager for small, quick and cheap solutions

Micro communities for the homeless sprout in US cities eager for small, quick and cheap solutions

ATLANTA (AP) — In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home.

Trump Vs. Biden: Hush-Money Conviction Signals Good News For One Candidate In Tight Presidential Race

Trump Vs. Biden: Hush-Money Conviction Signals Good News For One Candidate In Tight Presidential Race

Ahead of the 2024 presidential election, President Joe Biden has taken a narrow lead over former President Donald Trump in a recent poll, following Trump's felony conviction.

Your Second Chance to Profit from AI - Ad

If you missed out on Nvidia, don't worry. A 244-year-old pattern is about to trigger a $25.6 trillion AI surge... And send three overlooked stocks soaring 1,000%+

Jim Cramer Sees Eli Lilly As More Than A 'One-Trick Pony' After FDA Advisors Back Its Alzheimer's Drug: 'It's Ultimately Headed To A Trillion Dollar Valuation'

Jim Cramer Sees Eli Lilly As More Than A 'One-Trick Pony' After FDA Advisors Back Its Alzheimer's Drug: 'It's Ultimately Headed To A Trillion Dollar Valuation'

Jim Cramer has expressed his confidence in Eli Lilly and Co, citing the company's diverse drug portfolio and the recent endorsement of its Alzheimer's treatment by FDA advisors.

Boeing Insists On Adherence To Legal Agreement Post-737 MAX Crashes: Report

Boeing Insists On Adherence To Legal Agreement Post-737 MAX Crashes: Report

Boeing reportedly maintains it adhered to a 2021 agreement aimed at avoiding prosecution after the 737 MAX incidents, countering U.S. claims of non-compliance. The company's commitment to transparent engagement highlights its efforts to navigate legal complexities ahead of the Justice Department's crucial July 7 decision on extending prosecution terms.

The Nanotech Startup on a Mission to Save Millions of Lives - Ad

With a groundbreaking technology that repels deadly pathogens, this tiny company is taking on the global threat. Their innovative approach could transform infection control forever.

Inflation data this week could help determine Fed's timetable for rate cuts

Inflation data this week could help determine Fed's timetable for rate cuts

WASHINGTON (AP) — After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful this year — a prelude to eventual interest rate cuts.

Biden Vs. Trump Matchup In Key Swing State Of Arizona Shows One Candidate Pulls Ahead With Appreciable Lead, But This Demographic Could Tip The Scale For Either Candidate

Biden Vs. Trump Matchup In Key Swing State Of Arizona Shows One Candidate Pulls Ahead With Appreciable Lead, But This Demographic Could Tip The Scale For Either Candidate

The 2024 election is shaping up to be one of the most closely contested, even though neither of the presumptive candidates inspires much confidence among voters.

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

This NYC vet makes house calls. In 'Pets and the City,' she's penned a memoir full of tails

This NYC vet makes house calls. In 'Pets and the City,' she's penned a memoir full of tails

NEW YORK (AP) — As a city kid, Amy Attas had big dreams of roaming the countryside, healing animals a la James Herriot's classic

Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year

Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year

Nvidia's 10-for-1 stock split goes into effect on Monday, giving investors nine additional shares for every one that they already own.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

XPeng's Mona Sub-Brand Following NIO's Onvo? Launches Debut Model M03 Powered By BYD Batteries

XPeng's Mona Sub-Brand Following NIO's Onvo? Launches Debut Model M03 Powered By BYD Batteries

XPeng's Mona sub-brand launches Xpeng M03, equipped with BYD batteries, potentially mirroring NIO's Onvo strategy.

American investor Martin Shkreli accused of copying and sharing one-of-a-kind Wu-Tang Clan album

American investor Martin Shkreli accused of copying and sharing one-of-a-kind Wu-Tang Clan album

NEW YORK (AP) — American investor Martin Shkreli is facing a new lawsuit for allegedly retaining and sharing recordings from a one-of-a-kind Wu-Tang Clan album that he was forced to sell following his 2017 conviction on .

What Is Nvidia's New $1 Trillion Superproject? - Ad

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

AES' Kuihelani Facility: Biggest Solar Plant In Hawaii Flips the Switch on Clean Energy

AES' Kuihelani Facility: Biggest Solar Plant In Hawaii Flips the Switch on Clean Energy

The AES Corporation's AES Hawaii launched the Kuihelani Solar-plus-Storage facility, generating 60MW of renewable energy and reducing Maui's reliance on fossil fuels.

Apple's Warranty Updates, iPhone Support Duration, And More: This Week In Apple News

Apple's Warranty Updates, iPhone Support Duration, And More: This Week In Apple News

Apple Inc. has been in the spotlight this week with policy changes and revelations. From cracked screen repairs to iPhone support period, here's a round-up of the top stories.

Elon Musk's Crazy New Experiment...REVEALED - Ad

On January 28th of 2024... Elon Musk launched a crazy AI experiment involving a real human in California. Elon already invested $100 million of his own money into this AI project... Because he knows the profits here could be ridiculous.

Elliott Management Reportedly Builds $2B Stake In Southwest Airlines, Plans To Push For Change

Elliott Management Reportedly Builds $2B Stake In Southwest Airlines, Plans To Push For Change

Elliott Investment Management, an activist investor, has built a nearly $2 billion stake in Southwest Airlines, and is set to advocate for changes to enhance the airline's underperforming shares.

US Supreme Court refuses to take up challenge to Florida's online sports betting compact

US Supreme Court refuses to take up challenge to Florida's online sports betting compact

FORT LAUDERDALE, Fla. (AP) — The U.S. Supreme Court on Monday refused to take up a challenge to exclusive rights to handle online sports betting in Florida, dealing a blow to the deal's opponents.

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

Waffle House raises worker pay after strikes and pressure from labor organizers

Waffle House raises worker pay after strikes and pressure from labor organizers

Waffle House is increasing pay for its after a year-long push from .

Biden Administration Can Continue To Request Social Media Post Removals, Rules Supreme Court: 'This Work Can Continue As The Country Faces Ongoing Threats'

Biden Administration Can Continue To Request Social Media Post Removals, Rules Supreme Court: 'This Work Can Continue As The Country Faces Ongoing Threats'

The U.S. Supreme Court has ruled 6-3 in favor of the Biden administration's right to work with social media companies to remove posts deemed as misinformation.

A Silent Invasion of America - Ad

America's southern border is in chaos, but a more alarming invasion is occurring nationwide. This unprecedented event will reshape the country dramatically, equating to 300 years of change in just 24 months. I've discovered startling facts that every American must know before it's too late.

Biden administration seeks to wipe consumer medical debt off most credit reports with proposed rule

Biden administration seeks to wipe consumer medical debt off most credit reports with proposed rule

The Biden administration is pushing to prevent from being considered in most decisions made over whether someone qualifies to rent an apartment, buy a car or take on a mortgage.

UAW President Shawn Fain Under Federal Scrutiny For Alleged Retaliation Against Union Leaders, Monitor's Probe Widens

UAW President Shawn Fain Under Federal Scrutiny For Alleged Retaliation Against Union Leaders, Monitor's Probe Widens

Shawn Fain, the president of the United Auto Workers, is under investigation by an independent federal monitor for alleged retaliation against other union leaders.

Google CEO: This Is likely Bigger Than Electricity - Ad

Electricity reshaped the economy, creating the FAANG stocks and boosting GDP by over 4,900%. AI is going to do it again.

Powerball Winnings Gone: What Happens To Unclaimed Lottery Tickets

Powerball Winnings Gone: What Happens To Unclaimed Lottery Tickets

Powerball winners often take home tens to hundreds of millions of dollars. Tickets that are lost or not claimed in time end in a different result.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service