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India’s National Sports Governance Bill has become an Act after President Droupadi Murmu gave her assent to the legislation, which promises to overhaul India’s sports administration, the Press Trust of India (PTI) reported on Tuesday. The development comes days after India said it will bid for the 2030 Commonwealth Games, seen as part of a wider push by the cricket-mad nation to host the 2036 Olympics. The presidential assent came on Monday, stated a gazette notification by the central government. The legislation has been described as a path-breaking reform by Sports Minister Mansukh Mandaviya, PTI reports. “The following Act of…

From Anchorage Digital to BitGo and Morgan Stanley, a growing cast of financial firms are reaping big fees riding the tidal wave of corporate bitcoin buying. A record number of public companies are shoveling crypto onto their balance sheets—ostensibly to diversify their holdings, hedge against inflation and attract new investors. The unstated reason, of course, is management’s desire to boost their stock price. In recent months, just announcing a so-called “crypto treasury” strategy has been enough to add premiums to trading prices. The real bonanza however, is flowing to the picks-and-shovels merchants of this latest gold rush: custodians, brokers, asset…

The Pakistan Cricket Board (PCB) on Tuesday announced central contracts for 30 male cricketers for the upcoming 2025–26 international season, with no players placed in the top-tier Category A. Last month, the number of male and female players in the central contract lists rose, according to PCB’s 2025-26 budget documents. According to a press release by PCB today, the contracts, effective from July 1, 2025, through June 30, 2026, “reflect the board’s continued commitment to recognising and supporting national talent.” This year’s roster sees ten players each placed in Categories B, C, and D, with the PCB acknowledging that “no…

Carlos Alcaraz won the Cincinnati Open after top seed Jannik Sinner retired as he was feeling unwell on Monday, raising concerns about the Italian’s fitness just days before he is due to begin the defence of his US Open title. The Spanish second seed snapped the world number one’s 26-match winning streak on hardcourts when his ailing rival signalled he could no longer continue while trailing 5-0 in the first set of the final. “This is not the way that I want to win trophies, I just have to say sorry, I can understand how you must feel now,” Alcaraz…

JOHNS CREEK (Georgia): Pakistan’s Mohammad Ashab Irfan solidified his standing within the country’s competitive squash scene by capturing the Johns Creek Open title on Monday, defeating Malaysia’s Nathan Kueh 3-1. The 21-year-old Ashab, already a two-time title winner this year, recovered from losing the first game to secure victory 8-11, 11-2, 11-2, 11-6 in a 40-minute match. As many as 20 players competed in the Professional Squash Association (PSA) Challenger Tour event, which offered a total prize purse of $12,000. Irfan entered the tournament as the second seed. He was among seven Pakistani players participating, joining Mohammad Asim Khan, Mohammad…

Kayvon SarmadiCourtesy of UBS Name: Kayvon Sarmadi Firm: UBS Wealth Management Location: Washington, D.C. Team Assets (Custodied): $974 million Background: Kayvon Sarmadi launched his career as a solo advisor at just 23 years old—an unusually young age in a post-financial crisis industry. “I had to beg the firm for an exception,” he says. “I didn’t want to be on a team—I wanted to do this myself.” Raised in Roanoke, Virginia, Sarmadi grew up in his family’s car dealership business, attending sales meetings as a kid and developing a strong foundation in sales and client service. He started trading stocks at…

Revaluing Fort Knox’s gold to fund a strategic bitcoin reserve or pay down the national debt is no longer unthinkable.Bettmann Archive Gold is up more than 40% in the past year, from under $2,400 an ounce to over $3,400. Meanwhile, the national debt is approaching $37 trillion. That’s helped revive an idea long dismissed as fringe: revaluing the government’s gold reserves to raise cash. It sounds far-fetched. But a new research note from the Federal Reserve suggests it may not be as out there as it seems. On August 1, the Federal Reserve published a research note called “Official Reserve…

Andrew LernerCourtesy of Oppenheimer Name: Andrew Lerner Firm: Oppenheimer Location: Boca Raton, FL Team Assets (Custodied): $1.6 billion Background: Andrew Lerner grew up in Gainesville, Florida, and began his college tennis career at Jacksonville University before transferring to Florida Atlantic University. He graduated in 2013 with a finance degree and an insurance minor. Together with his college roommate and best friend—now his managing partner—he launched a wealth management group shortly after college. What started as a friendship-driven venture has now grown into an 18-person team managing approximately 600 households. “We don’t have a one-size-fits-all niche,” Andrew says, “because every client’s…

Heavy traders may assume they’ll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule. At the height of the pandemic born meme stock boom in 2021, the 50-something investor tried his hand as a day-trader, rapidly buying and selling stocks such as AMC Entertainment. In the end, he racked up more than $7 million in gains and just a hair over that in losses, resulting in what he thought was, more or less, a wash, taxwise. But it wasn’t a wash, because of the too-often neglected “wash sale”…

Melaina CanoCourtesy of Merrill Wealth Management Name: Melaina Cano Firm: Merrill Wealth Management Location: Irvine, CA Team Assets (Custodied): $329 million Background: Melaina Cano’s passion for investing was sparked early by her paternal grandfather, a first-generation Mexican American engineer who meticulously tracked his investments and taught her the value of financial literacy. Raised in Orange County, CA, she put herself through college earning a bachelor’s in Finance and Economics while working full-time jobs. After graduating, she began her career at Merrill Lynch as a client associate and advanced through their Advisor Development Program. Today, she leads her own small team…