Author: BostonNewsletter.com Est. 1704

Victor Wembanyama was assessed a flagrant 1 foul for elbowing New York Knicks center Karl-Anthony Towns in the face in the third quarter of the Knicks’ improbable comeback against the Spurs in NBA Finals Game 4 on Wednesday. Wembanyama and the Spurs blew a 29-point lead at Madison Square Garden as the Knicks pulled off the largest comeback in NBA Finals history. The Knicks lead the series 3-1 and the Spurs are now on the brink of elimination. To make matters worse, that flagrant foul, combined with another Wemby committed in the playoffs, has a chance to be significant.When a player…

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Workers at a bar in Ohio said that two men ripped down their Pride flag just hours after they put it up and then returned to break a window with a rock.Beth Rea of O’Reilly’s Pub in Clintonville said she had put up the flag for Pride Month just that afternoon hours before the alleged incident.’We are definitely a regulars bar. We are very close with our customers. We’re very accepting of everybody in here.'”I stapled it here. You can see there’s still a little remnants,” Rea said while pointing to the spot for WBNS-TV.At about 10:45 p.m., the two…

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As lawsuits keep piling up against brokerage firms over their “cash sweeps” policies, the SEC is reminding RIAs of their fiduciary duty to make sure clients get good returns on uninvested cash.Processing ContentIn the latest of its periodic “risk alerts” calling attention to how firms may be running afoul of industry regulations, the Securities and Exchange Commission on Tuesday noted that many advisors are not adequately explaining how they make money to clients. Topping the SEC’s list of cautionary examples was firms’ handling of clients’ uninvested cash.Too often, according to the SEC, advisors are failing to disclose that they’re making…

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President Donald Trump delivered a final ultimatum to the Iranian regime concerning a peace deal after the U.S. launched a massive wave of strikes against targets in southern Iran for the second consecutive day on Wednesday. While overseeing U.S. military operations from the Situation Room, Trump told Fox News correspondent Trey Yingst that strikes against Iran would pause in the near term but warned of escalated action if no agreement is reached. According to Yingst’s reporting, Trump indicated that Iranian officials had contacted him requesting a halt to the bombing. Trump added that if Iran does not sign the deal,…

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Apollo Global Management, Inc. (NYSE:APO) is one of the best NYSE stocks to buy for long-term investment. Reuters reported on June 5 that Apollo Global Management, Inc. (NYSE:APO) and Britain’s Bodycote announced on Friday that they have ended talks over a £1.52 billion ($2 billion) takeover proposal, which resulted in shares of the British thermal processing services group going down as much as 12%. 10 AI Stocks Analysts Are Watching In a separate development, Apollo Global Management, Inc. (NYSE:APO) received a rating update from Piper Sandler on May 26, with the firm lifting the price target on the stock to $157…

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Four members of an Indonesian military intelligence unit were sentenced to prison on Wednesday after they were convicted in an acid attack on a rights advocate, but critics called the proceedings “a blatant whitewash.”Human rights activists said the case should have been heard by civilian judges, not a military court, and criticized the length of the sentences, which ranged from 18 months to three years. All the defendants had faced a maximum of 12 years in prison in the March attack on the rights advocate, Andrie Yunus, an outspoken critic of the military.“The verdict protects the institutional integrity of the…

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The next big technology opportunity for investors will likely be in sectors that stand to benefit from artificial intelligence and robotics booms, according to panelists at the Wealth Management EDGE conference at The Boca Raton resort in Boca Raton, Fla. Unitree Robotics, a Chinese company that produces humanoid and quadruped robots, has just been cleared to go public on the Shanghai market. Unitree is the leader in the global robotics market, with a revenue stream of approximately $250 million and the capacity to produce close to 500 robots a month, according to Brendan Ahern, chief investment officer at ETF provider KraneShares,…

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