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U.S. defense, energy add to Detroit automakers rivalry

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U.S. defense, energy add to Detroit automakers rivalry

The GM Defense Infantry Squad Vehicle was engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture.

GM Defense

DETROIT — General Motors and Ford Motor have rivaled each other for more than a century in racing, vehicle sales and many other automobile-related activities.

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But their latest battlegrounds have moved to actual battlefields and the U.S. energy grid.

Ford joined GM this year in seeking U.S. military contracts after the Trump administration approached U.S. companies about assisting the military with their expertise in mass manufacturing. The automakers’ efforts so far are largely focused on military vehicles, but could grow with time.

Simultaneously, both companies are entering the energy storage system, or ESS, market amid an expected growing need related to rising consumer energy costs and data centers. Energy storage systems use a lot of the same underlying technology as electric vehicle batteries to store power for homes, businesses and even utilities.

Both markets are viewed by Wall Street analysts as new potential growth areas for the automakers. At one point, it was thought new opportunities might come from all-electric vehicles, but Ford and GM have since lost billions of dollars on those efforts.

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“They’re looking for new verticals,” Morningstar senior equity analyst David Whiston told CNBC. “Ford’s following GM’s lead into defense, and energy makes a lot of sense because you have all this EV capacity that now you don’t need. So instead of selling those factories, it’s a way to try and capitalize on the data center boom.”

The two markets are expected to be small portions of the companies’ focus and revenue for the foreseeable future, but they could help the automakers diversify their operations and complement their core businesses as new vehicle sales slow in the U.S.

“It’ll be hard to move the needle here massively, given the auto business’s top line, but it certainly can be helpful,” Whiston said.

Energy storage

The global ESS market is estimated to grow from $668.7 billion in 2024 to $5.12 trillion by 2034, according to research and consulting firm Global Market Insights. As part of that, the firm expects to see a significant expansion in the U.S.

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“We’re seeing this huge projection of growth, and it’s already started growing,” Devon Wilson, vice president of sales and marketing at LG Energy Solution’s U.S. energy storage division, said during a recent event. “There’s a massive amount of just fundamental electricity need within the country.”

GM and Ford are attempting to capitalize on such expected growth to fill a void. The companies invested billions of dollars in plants to produce battery cells to meet EV demand that didn’t materialize.

GM’s energy business does not currently offer its own ESS, but its military division does and its Ultium Cells joint venture in Tennessee produces cells for its partner LG Energy Solution for storage.

Long-term, GM could move further into ESS, including developing next-generation sodium-ion batteries with Denver-based startup Peak Energy. Kurt Kelty, GM’s vice president of battery and sustainability, said he believes that technology can reshape grid-scale energy storage.

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“We’re developing the cells right now. The performance on these cells is tremendous,” Kelty said. “The ESS market is a very attractive market. It’s a big market. It’s growing very quickly, and it’s something that we can contribute to.”

GM also has a partnership with Redwood Materials for reusing its large EV batteries for energy storage systems. GM also offers EV charging and ESS for residential use through its energy unit.

Meanwhile, Ford said in December that it plans to spend $2 billion to launch an energy business, including converting a Kentucky battery factory it had recently built with partner SK On to make units for energy storage by late 2027. It also plans to devote some factory space to make cells for residential storage at a factory in Marshall, Michigan.

“Investors see value in Ford’s ESS business,” Morgan Stanley analyst Andrew Percoco said in an investor note in June. He’s also called it an “underappreciated driver” of a path to profitability for Ford’s Model e electric vehicle business.

Ford Energy is part of the company’s Model e electric vehicle segment, which has guided for $4 billion in losses in 2026 before reaching breakeven by 2029. A key turning point is expected to be the company’s ESS business coming online in 2027.

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The Ford BlueOval Battery Park under construction in Marshall, Michigan. The plant will produce lithium-ion phosphate batteries for electric vehicles and smaller batteries for household use.

Jim West | UCG | Universal Images Group | Getty Images

Ford CEO Jim Farley told investors on the automaker’s second-quarter earnings call in July that it’s in the “third inning” of selling out the 20 gigawatt hours of production capacity for ESS after announcing a five-year framework agreement with renewable-energy service provider EDF Power Solutions North America.

Defense industry

GM is years ahead of Ford when it comes to the U.S. defense industry. GM resurrected its defense unit in 2017 after a 14-year hiatus.

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It has worked with the U.S. military on many projects, but the automaker was recently awarded a contract by the U.S. Army to build infantry squad vehicles, or ISVs, that it said could exceed $1 billion, depending on congressional appropriations.

While the contract amount is small compared with the company’s $48 billion in revenue during the second quarter, the opportunities for the automotive industry in U.S. military operations are expected to grow.

“Leveraging the capabilities, the scalability and the manufacturing abilities that come with all of the automotive companies and their tiered supplier is a huge benefit,” Alfred Grein, executive director for research and technology integration for the U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center, told CNBC.

GM said it expects its 2026 defense revenue to grow to almost $700 million and is targeting positive results on an earnings before interest and tax basis this year, while also building a backlog of future business.

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“We are also working with Lockheed Martin and other leading companies to expand speed, scale and resilience in the defense industrial base,” GM CEO Mary Barra told investors in July. “Over time, all of this should make GM Defense a more meaningful and diversified contributor to our earnings.”

GM Defense’s next-generation prototype tactical vehicle.

Courtesy image

Grein, who manages the technology of manned and unmanned ground systems throughout the U.S. Army, said the Trump administration has made it easier for new companies, including automakers, to be granted such contracts. He also said domestic manufacturing in the U.S. is critical.

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“Obviously, the concern about foreign entities’ involvement in particularly Department of Defense product becomes more and more crucial,” Grein said.

GM and Ford were included in a group of companies that were awarded prototype contracts to produce heavy infantry squad vehicles, which are bulkier versions of what the companies have worked on previously.

Ford has not released many details about its U.S. defense efforts. The automaker on Wednesday, though, announced a tie-up with General Dynamics Land Systems and engineering firm Ricardo to compete for a next-generation vehicle for the United Kingdom’s Ministry of Defence’s Light Mobility Vehicle program.

The defense efforts of GM and Ford are the latest in a long line of such initiatives, including, most notably, the “Arsenal of Democracy” during World War II in which the companies worked with the U.S. and the Allied nations to provide military supplies to fight Nazi Germany.

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“We already dominate in that market in the commercial world. We want to offer the U.S. government the same advantages that our commercial customers get,” Farley told investors in July. “It’s a great opportunity for us. … We are discussing, continue to discuss, additional defense-related projects with the U.S. government.”

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(VIDEO) Golden Eagle Attacks Police Officer At World Nomad Games In Kyrgyzstan, Tears Off Vest In Incident

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Golden Eagle Attacks Police Officer At World Nomad Games In

KYRCHIN GORGE, Kyrgyzstan — A trained hunting golden eagle attacked a police officer during this year’s World Nomad Games in Kyrgyzstan, tearing off the officer’s reflective vest in a startling incident that unfolded as the bird apparently mistook the man for prey.

The attack occurred Thursday in the Kyrchin Gorge, one of the primary competition venues for the biennial international sporting event, according to Kyrgyz news outlet Open.kg. The officer had been stationed at the site to help maintain public order during the ongoing games when the golden eagle suddenly swooped down and struck him.

According to the report, the bird tore off the officer’s reflective safety vest during the attack. Witnesses described the eagle unexpectedly diving toward the man, who attempted to defend himself as the bird continued its assault. The situation was quickly brought under control after a falconer, one of the event’s trained eagle handlers, rushed to the scene and intervened to stop the bird.

The officer did not sustain serious injuries or damage as a result of the encounter, according to the report.

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The incident occurred amid the World Nomad Games’ Salbuurun discipline, a traditional Central Asian hunting competition that combines events involving trained birds of prey, including golden eagles and falcons, alongside specially bred hunting dogs known as taigans. The practice of eagle hunting on command, in which trained birds respond to a handler’s calls and pursue designated targets, traces its origins back to the Mongol conquests of the 12th and 13th centuries and remains a significant cultural tradition across parts of Central Asia today.

Within the Salbuurun competition, golden eagles are typically tested on their ability to respond to their handler’s calls from a distance and to successfully catch a model fox or hare being pulled behind a horseman, with judges evaluating both the speed and accuracy of the bird’s hunting instincts during the exercise. It remains unclear from available reporting whether the eagle involved in Thursday’s attack on the police officer was actively participating in a competition event at the time, or whether the bird had simply become disoriented or overstimulated by the surrounding activity and mistook the officer, dressed in his reflective safety vest, for a legitimate hunting target.

The 2026 edition of the World Nomad Games is being held in Kyrgyzstan from Aug. 31 through Sept. 6, with competitions taking place across venues in the Kyrchin Gorge and along the shores of Lake Issyk-Kul, roughly 300 kilometers from the capital, Bishkek. This year’s event marks a return of the games to their birthplace in Kyrgyzstan, where the competition first launched in 2014 as a platform to showcase traditional sports and cultural practices from Central Asia’s nomadic peoples.

What began in 2014 as a relatively modest competition featuring 20 countries and 10 traditional sporting disciplines has grown substantially over the past decade, now drawing athletes from approximately 100 countries competing across 43 distinct events, according to reporting from ABC News Australia. The games feature a wide range of traditional nomadic sports, including kok-boru, a horseback team competition sometimes described as a Central Asian equivalent to rugby played with a goat carcass rather than a ball, alongside horseback wrestling, traditional archery, and various forms of belt wrestling native to different Turkic cultures across the region.

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Ahmed Kharat, captain of the Australian team competing in archery events at this year’s games, offered a comparison intended to help international audiences understand the cultural significance of some of the competition’s more unfamiliar sports.

“It’s like AFL and the NRL here in Australia, but on horseback,” Kharat said, referring to kok-boru specifically.

This year’s games have adopted the snow leopard as their official emblem, a symbol the International Secretariat of the World Nomad Games has described as representing strength, clarity and endurance, qualities organizers say reflect both the rugged terrain surrounding the competition venues and the broader spirit of the event itself. The snow leopard has increasingly served as a national symbol for Kyrgyzstan in recent years and has played a central role in the country’s broader conservation diplomacy efforts, including its involvement in establishing Oct. 23 as International Snow Leopard Day.

Eagle hunting competitions have remained one of the more visually striking and internationally recognized elements of the World Nomad Games since the event’s inception, drawing significant media attention given the relative rarity of the practice outside Central Asia. Traditional eagle hunters, known locally as berkutchi, train golden eagles over extended periods to respond precisely to vocal and physical commands from their handlers, a skill passed down through generations in parts of Kyrgyzstan, Kazakhstan and neighboring countries.

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Despite Thursday’s unusual attack on the police officer, there was no indication in available reporting that the incident had disrupted the broader schedule of Salbuurun competitions or other events taking place as part of this year’s games. The World Nomad Games have continued operating with the same competitive schedule and venue arrangements that have characterized the event since its founding, with organizers not indicating any changes to safety protocols surrounding the eagle hunting competitions specifically in the immediate aftermath of the incident.

The World Nomad Games are scheduled to conclude Sunday, marking the close of this year’s edition of the biennial event before the competition is expected to move to a new host location for its subsequent installment, consistent with the rotating hosting pattern the games have followed since expanding beyond Kyrgyzstan for the first time in 2022, when the fourth edition of the competition was held in Iznik, Turkey.

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U.S. may struggle to build power fast enough to meet rising demand, Barclays says

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Premier League Kickoff Time, TV Channel Today

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Argentina captain Lionel Messi scored a penalty and hit the woodwork with a freekick but was denied three times by fine saves from Chile goalkeeper Claudio Bravo

MANCHESTER, England — Manchester City hosts newly promoted Coventry City Saturday at the Etihad Stadium in a Matchweek 3 Premier League fixture, with Enzo Maresca’s side aiming to make it three straight wins to start the 2026-27 campaign against a Coventry team still searching for its first points of the season.

Kickoff is set for 3 p.m. local time in the United Kingdom, which translates to 10 a.m. ET, 7 a.m. PT and 8 p.m. India Standard Time.

Due to the Premier League’s longstanding 3 p.m. Saturday blackout rule, the match will not be broadcast live within the United Kingdom. Fans in the U.S. can watch the match live on USA Network, with streaming also available through Fubo TV, Peacock, Sling and Telemundo Deportes, as well as through Prime Video USA. In Canada, the match will be available through DAZN, Fubo TV and Fubo Sports Network.

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For fans in other markets, broadcast options vary by country. Coverage is available in Argentina through ESPN Argentina and Disney+ Premium Argentina, while several Caribbean territories, including St. Vincent and the Grenadines and the U.S. Virgin Islands, can access the match through Disney+ Premium Caribbean.

Manchester City enters Saturday’s match sitting atop the Premier League table after winning both of its opening matches under new manager Enzo Maresca, who has maintained a perfect record since taking over at the Etihad. City opened the season with a hard-fought 2-1 comeback win over Bournemouth on Aug. 23, coming from behind late in the match, before following that result with a commanding 4-1 victory over Crystal Palace on Aug. 28.

City’s roster underwent significant change during the summer transfer window. The club brought in Enzo Fernandez, Allan Elias, Ayyoub Bouaddi and Iliman Ndiaye, while several established names departed, including Jack Grealish, Omar Marmoush, Nico Gonzalez and Savio. Fernandez, in particular, has been closely watched given his prior connection to Maresca, and is expected to continue playing a significant role in City’s midfield as the manager looks to build his system around the Argentine international.

Coventry City, promoted to the Premier League this season under manager Frank Lampard, has endured a considerably more difficult start to its return to the top flight of English football. The Sky Blues opened the season with an expected 3-0 defeat to Arsenal before suffering a more troubling 1-0 home loss to fellow newly promoted side Hull City on Aug. 29, leaving Coventry without a point through two matches and sitting 17th in the current standings.

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Coventry will be looking for standout individual performances from key players including Sidiki Cherif, Taiwo Awoniyi and goalkeeper Carl Rushworth as the club searches for its first points of the campaign, though the team will be without on-loan Manchester City player Stephen Mfuni for Saturday’s match, given standard loan-agreement restrictions preventing him from featuring against his parent club.

According to Manchester City’s official team announcement, the starting lineup for Saturday’s match features Gianluigi Donnarumma in goal, with a back line of Khusanov, Marc Guehi, captain Ruben Dias and Josko Gvardiol. The midfield includes Tijjani Anderson and Nico O’Reilly, with Rayan Cherki, Antoine Semenyo and Iliman Ndiaye supporting striker Erling Haaland in attack. City’s bench includes options such as Kevin De Bruyne’s former understudy Kalvin Phillips, along with Mateo Kovacic, Julian Alvarez replacement options, and versatile squad depth reflecting the club’s summer roster overhaul.

Betting markets and analysts have overwhelmingly favored Manchester City heading into Saturday’s fixture, given both the significant quality gap between the two squads and Coventry’s difficult start to life back in the Premier League. One projection from NBC Sports forecast a lopsided 4-0 scoreline in City’s favor, characterizing Saturday as an unlikely day for any kind of upset given City’s early-season form and Coventry’s struggles adjusting to the pace and quality of top-flight competition.

Manchester City’s attacking depth has been a significant factor in its strong start to the season, with Erling Haaland continuing to anchor the club’s frontline alongside a reshaped supporting cast following the summer’s substantial roster turnover. Maresca, who joined City after previous managerial success elsewhere, has been credited with quickly establishing a cohesive system despite the scale of personnel changes across the squad heading into the new campaign.

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For Coventry, Saturday’s trip to the Etihad represents a significant early test as Lampard’s side looks to find its footing at the Premier League level following promotion. The club’s home loss to fellow newly promoted side Hull City in its most recent match has raised early concerns about the team’s ability to compete consistently against Premier League opposition, making a positive result away to the league’s early pace-setters an especially difficult proposition heading into Saturday’s fixture.

Saturday’s match is part of a broader slate of Matchweek 3 Premier League fixtures taking place across the day, with several other notable matchups occurring at various kickoff times throughout the afternoon and evening as the early-season table continues to take shape across the league.

With Manchester City looking to extend its perfect start under Maresca and Coventry searching for its first points of the season, Saturday’s matchup at the Etihad Stadium offers an early measuring stick for both clubs as the 2026-27 Premier League campaign continues to develop. Fans looking to follow the action have a range of broadcast and streaming options available across the United States, Canada and other international markets, even as the match remains unavailable for direct broadcast within the United Kingdom under the league’s traditional Saturday afternoon blackout restrictions.

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These IBD 50 Stocks Form Sneaky But Bullish Chart Pattern

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These IBD 50 Stocks Form Sneaky But Bullish Chart Pattern

Sometimes, a bullish chart pattern will sneak up on you when you least expect it. A case in point is the ascending base, a pattern currently found in a couple of IBD 50 Growth Stocks To Watch. Because it appears during a stock’s advance, the ascending base is difficult to spot. The basic idea is that it identifies a strong…

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Kennedy Center Ceiling Collapse During DC Storm Reignites Fight Over Two-Year Renovation Plan Amid Trump Push

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Kennedy Center Ceiling Collapse During DC Storm Reignites Fight Over

WASHINGTON — A section of ceiling collapsed inside the John F. Kennedy Center for the Performing Arts’ Grand Foyer Friday evening following a severe storm that swept through the nation’s capital, prompting the venue’s leadership to renew its push for a controversial two-year renovation closure.

The collapse occurred around 5 p.m. Friday, with Kennedy Center staff first noticing pieces of the ceiling falling into the Grand Foyer as the storm passed through the region. Photographs from the scene showed a visible hole in the ceiling and debris scattered across the floor of the venue’s main hall. No injuries were reported in connection with the incident.

The overnight storm that preceded the collapse brought widespread damage to Washington, D.C., toppling trees and cutting power to tens of thousands of residents across the city as heavy rainfall continued into a second day.

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Following the collapse, Kennedy Center staff received an email announcing that the Main Building would be closed for the remainder of Friday night. The Grand Foyer itself is expected to remain closed through the weekend while repairs are made, though the rest of the building is expected to reopen for normal operating hours on Saturday.

Kennedy Center Vice President of Public Relations Roma Daravi framed the incident as further justification for the venue’s long-planned renovation, attributing the structural failure to years of insufficient maintenance under prior leadership.

“Another example of the urgent need to close for renovation and revitalization, as our Chairman President Trump has championed,” Daravi said in a statement. “Fortunately, no one was injured when the main hall’s ceiling collapsed. This structural failure stems from decades of neglect and deferred maintenance by the previous leadership, and there’s no justification for further delays in restoring America’s cultural center.”

Friday’s collapse arrives in the middle of a monthslong legal and political fight over the Kennedy Center’s future, one that has intensified since President Donald Trump became chairman of the center’s Board of Trustees in February 2025 and moved to overhaul its leadership with allies. The center’s Trump-aligned board voted roughly three weeks before Friday’s collapse to proceed with a two-year closure of the building for extensive renovations, following an earlier vote on the same plan that had been blocked by a federal judge in May, who left open the possibility of a new vote following a more thorough review process.

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Justice Department attorneys, in a related court filing tied to the renovation dispute, described the Kennedy Center in stark terms, calling it “a financially insolvent facility, housed in a decrepit, dilapidated, crumbling building” that they said continued to “race toward physical and financial ruin” absent significant intervention.

Not everyone connected to the Kennedy Center’s governance has supported the board’s push for a full two-year closure. Rep. Joyce Beatty, D-Ohio, an ex officio member of the Kennedy Center’s board, has challenged the closure plan, arguing that the board’s initial decision was rushed and did not adequately consider alternative approaches, including keeping the venue at least partially open during renovation work. Notably, Beatty had stood in the Grand Foyer during a visit on Sept. 2, just two days before the section of ceiling collapsed in the same space.

The renovation dispute has also touched on a separate controversy involving the potential renaming of the venue. Representatives for the Kennedy Center previously told a federal court that the institution would not formally rename the performing arts center the “Trump-Kennedy Center,” but indicated the president’s name would instead be incorporated into the building in several other ways. Beatty subsequently filed an emergency motion arguing that even those alternative measures still crossed an inappropriate line regarding the center’s naming and identity.

According to reporting on the underlying renovation proposal, the plan was originally recommended by Kennedy Center executive director Matt Floca and is intended to address a range of critical infrastructure failures at the aging facility, including persistent water damage, corroded structural steel, and outdated industrial cooling systems that have contributed to the building’s ongoing maintenance challenges.

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Friday’s incident is not the only recent development to draw public attention to changes at the Kennedy Center under its current leadership. In the days preceding the ceiling collapse, the venue drew scrutiny after workers removed iconic willow trees from its outdoor terrace, along with a prominent and highly visible outdoor sculpture that had long been associated with the center’s grounds, changes that added to a broader pattern of visible alterations at the facility in recent months.

The Kennedy Center, which opened in 1971 and serves as the nation’s official memorial to President John F. Kennedy alongside its role as a major performing arts venue, has faced persistent questions about its physical condition and long-term funding structure in the years leading up to the current renovation dispute. The facility’s board and administration have continued to describe the building’s underlying infrastructure problems as increasingly urgent, a characterization Friday’s ceiling collapse appeared to reinforce for those advocating a full closure of the venue.

With the Grand Foyer remaining closed through the weekend and repairs underway, the broader question of whether the Kennedy Center will ultimately proceed with a complete two-year closure for renovations remains tied up in ongoing legal and political disputes, including continued opposition from figures such as Beatty who have pushed for alternative approaches that would allow the venue to remain at least partially operational during any construction work. For now, the Main Building is expected to resume normal operating hours Saturday, even as the debate over the facility’s longer-term future continues playing out amid renewed attention following Friday’s structural failure.

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DIVI: Ahead Of Benchmark, Behind Top Peers

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DIVI: Ahead Of Benchmark, Behind Top Peers

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NIL and revenue sharing financial tips for college football athletes

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NIL and revenue sharing financial tips for college football athletes

College football season is kicking off and some young athletes taking the field around the country will be seeing an influx of income from name, image and likeness (NIL) and revenue sharing deals, which can pose financial challenges as they look to manage those funds.

NIL first took hold in college sports in 2021 and monetary compensation for student athletes recently evolved to include revenue sharing directly with the colleges they’re playing for. For some players, they may earn six- or seven-figures in income through those deals – particularly at colleges in the power four (P4) conferences, including the Big Ten, SEC, ACC and Big 12 or for players competing in college football and basketball.

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Gordon Whittaker, a wealth management advisor and managing director at Merrill Lynch, told FOX Business that whether student athletes are likely to play professionally after their college careers end, it gives them the chance to build financial habits and a foundation that can serve as a springboard for their futures.

“The earlier you can establish financial habits… the more likely that it is to be effective and the more likely it is to stick. And so extending that period of time and giving the opportunity for these young men and women to earn money earlier in their careers, earlier in their lives, expands that opportunity to start to really build those financial habits,” he said.

JOEL KLATT’S 10 BURNING QUESTIONS GOING INTO THE 2026 COLLEGE FOOTBALL SEASON

Notre Dame's CJ Carr

Notre Dame QB CJ Carr is one of the top returning signal-callers in 2026. (Justin Casterline/Getty Images)

“The majority of the conversations that we’re having with these young people is about being a good steward of those funds and building those positive financial habits,” Whittaker said.

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He said that while college athletes are in school, “their budget ought to be very small in terms of what they need to spend. Whether they’re a star player on a P4 football team or they’re a backup on a second- or third-tier school, they don’t have a lot of ongoing expenses, so anything they receive ought to be at an incremental savings rate.”

“We just encourage them to live like college students and retain those assets, start to own assets and allow that force of compound interest to take effect over the next several decades,” Whittaker said. “Even small dollar amounts turn into massive dollar amounts if given enough time.”

SEC FILES BOMBSHELL LAWSUIT AGAINST LSU, LANE KIFFIN WHILE PRO PLAYERS FIGHT FOR THEIR ELIGIBILITY IN COURT

Oregon QB Dante Moore passes against Washington

Oregon QB Dante Moore returned to college for another season with the Ducks after making the CFP semifinals a season ago. (Alika Jenner/Getty Images)

One area that Whittaker said advisors are trying to instill in college athletes is the importance of understanding that if they’re fortunate enough to play their sport professionally, they need to save money to account for the fact that they’ll need to support themselves after their playing career eventually comes to an end.

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“We spend a lot of time talking about this idea of being an owner versus being an employee and what wealth really looks like,” he added. “What we really approach is to shift that mindset away from equaling wealth, towards owning assets equaling wealth.”

“You’re not going to work until you’re 65, or at least not in this capacity, and so every dollar that you make – 10 cents of that may be today, 90 cents of that is to make up that gap when you stop in your primary profession,” Whittaker said.

“Having those conversations and really imploring the importance of delaying gratification has been very important,” he added, noting that it’s helpful for athletes to look at professional athletes who are being good stewards of their funds with an ownership mentality.

Ohio State scores on Michigan

The Ohio State Buckeyes were one of the top teams in the country in preseason projections. (Scott W. Grau/Icon Sportswire via Getty Images)

Earning income from NIL and revenue sharing means that players also owe taxes, which Whittaker noted was a stumbling block in the earlier days of NIL, as some didn’t understand that 1099 income hasn’t been withheld like W-2 income would. He said that a lot of collegiate programs have begun helping the athletes split their income to account for their tax bill.

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“That has been popularized enough now where we don’t come across people who have no idea that they have to do some tax planning when they receive the funds very often anymore, which is definitely a good thing,” Whittaker explained.

JUDGE GRANTS INJUNCTION AGAINST NCAA, SEC, ALLOWING ATHLETES WITH NFL TIES TO PLAY FOR LSU, OTHERS

The shifts in student athlete compensation also present a new question for student athletes who are capable of playing professionally, as they have to weigh what they would earn in pro sports versus the opportunity to stay in college and earn more while they still have eligibility.

Whittaker said that the question used to be “are you going to improve your draft status enough by sticking around for it to warrant delaying income for a year?” Now, the current income flows are considered in that process.

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Indiana head coach Curt Cignetti celebrates a national title

Indiana head coach Curt Cignetti and the Hoosiers celebrate winning last season’s national championship in January 2026. (Matias J. Ocner/Miami Herald/Tribune News Service via Getty Images)

Student athletes who are hoping to bolster their earning potential via NIL or revenue sharing while they’re in college also need to be mindful of how they’re presenting themselves and building their brand.

“This may be a message to those that are looking to NIL and looking to play a sport in college, the most important thing to keep in mind is you are your own brand, particularly as it relates to NIL. And the decisions you make off the field directly impact how you’re compensated,” Whittaker said.

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“There’s a significant amount of responsibility that comes with notoriety and being purposeful and understanding that your actions, every minute of every day, impact your monetization,” he added.

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Families of missing pilgrims in Tibet demand answers from China

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Qualcomm: A Long-Term Play That Demands Patience (NASDAQ:QCOM)

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Qualcomm: A Desperate Shift That Won’t Change The Sentiment (NASDAQ:QCOM)

This article was written by

I write about high growth companies disrupting their industry with technology. I have over 10 years of Operations leadership experience in High Growth Companies, which gives me a pragmatic approach to investing. My focus in writing is to share my research as I look for underfollowed companies in transformative industries. For a previous track record, I have returned 109% since January 2023 when I started using my investing framework to evaluate potential holdings. My 5-point framework consists of evaluating leadership, evaluating valuation (looking at a 5 year timeframe), double-digit revenue growth with margin expansion, a massive total addressable market, and a secular tailwind that drives growth. Some of my biggest winners have been MercadoLibre (MELI), dLocal (DLO), and Brookfield Renewable Corporation (BEPC) who have passed my criteria. I am hoping to discover more potential disruptors in the Small Cap and Micro Cap universe through my analyses. My goal for being a Seeking Alpha Contributor is to share my research in undercovered companies with easy to understand bull (or bear) theses. It will consist of a blend of financial-based evaluation of fundementals combined with narrative evaluation of industry trends. I focus on long-term based trading and not short-term narrative or daytrades.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of QCOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Bitcoin trades at $79,000, next week’s US inflation data to test rate-cut hopes and crypto valuations

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Bitcoin trades at $79,000, next week’s US inflation data to test rate-cut hopes and crypto valuations
Bitcoin traded near the $79,000 mark as focus shifts to next week’s inflation data. Experts believe a softer CPI could bring rate-cut expectations back into focus, while a higher-than-expected reading would support the higher-for-longer view and keep pressure on crypto valuation. The cryptocurrency was trading at $79,644 mark.

In the past 24 hours, Bitcoin was down 1.8% and Ethereum was down 2.3% to trade at $2,452 mark. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano were down 5.4% whereas Tron was up 0.9%. The global crypto market capitalisation edged down 1.4% to $2.77 trillion, according to Coingecko.

Also Read | Explained: Looking to start a mutual fund SIP? Know the different types and which one suits youRiya Sehgal, Research Analyst, Delta Exchange said Crypto markets headed into the weekend after a sharp reversal highlighted the market’s sensitivity to U.S. monetary policy. Bitcoin moved above $82,000 as expectations of a September rate hike eased and institutional demand returned. Ethereum reclaimed $2,500. The move reversed after Friday’s U.S. jobs data.

Sehgal further said that the rally remains intact, but the next move will depend on macro data. Bitcoin needs to hold the $78,500–$79,000 zone after its rejection near $82,000. Ethereum faces support around $2,440, while $2,500 remains a key level for a recovery.

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In the past week, Bitcoin and Ethereum were up 2.5% and 0.4% respectively. Among the major altcoins, BNB, XRP, Hyperliquid, and Cardano rallied up to 4.9% whereas Solana, Tron, Dogecoin corrected upto 2.4%.
Global macro conditions remained mixed but broadly supportive for crypto during the week, said Nischal Shetty, Founder, WazirX. He further said that institutional crypto demand strengthened this week, with ETF products attracting approximately $510 million across four sessions as of September 4.“Strong inflows on August 31 and September 3 offset the $194.38 million withdrawal on September 1. Bitcoin and Ethereum ETFs were still net negative by September 2, at $135 million and $37 million, respectively.”

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He also said that Bitcoin’s move above $81,000 and Ether’s recovery above $2,500 showed improving spot demand and macro liquidity.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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