Business
Shaquille O’Neal Says Rough Treatment of Caitlin Clark in WNBA Is a ‘Rite of Passage’ She Must Pass Now
Basketball Hall of Famer Shaquille O’Neal says the physical, sometimes hostile treatment Caitlin Clark has faced from opposing WNBA players amounts to a familiar rite of passage that every all-time great athlete has had to endure, offering a defense of the league’s rough handling of the Indiana Fever star as she navigates her third professional season.
“Once she passes through that, the league will belong to her,” O’Neal told CNBC Sport in an interview on the set of his television show, “Dunkman,” addressing the ongoing national debate over how Clark has been treated on the court.
A Pattern of Physical Play
Clark has been the target of a series of harsh fouls throughout her WNBA career, including hip checks, eye pokes and, most notably, a direct blow to the throat during a June 24 matchup against the Phoenix Mercury. No foul was initially called on that play, but following widespread public criticism, the league reviewed the incident and issued a one-game suspension to Mercury forward Alyssa Thomas for what the WNBA described as recklessly making contact with her fist to the throat area.
Clark addressed the incident publicly on July 3, saying that officiating needs to improve and that the league needs to do a better job protecting players on the court. The pattern of physical treatment directed at Clark, combined with ongoing criticism of WNBA officiating more broadly, has fueled sustained national debate, with some lawmakers going so far as to call for greater accountability from the league regarding how it handles conduct against the star guard.
O’Neal Draws on His Own Career
O’Neal, a four-time NBA champion, said he experienced similar treatment throughout his own playing career, and that he witnessed comparable dynamics play out with other basketball legends, including Michael Jordan, Kobe Bryant, LeBron James and Magic Johnson, as well as with boxing icon Muhammad Ali. He framed the phenomenon as an inevitable stage that any dominant athlete must move through before earning full respect from peers and opponents.
“All the greats have to go through what we call rites of passage. She’s a fabulous player, but we’re not giving you anything, ever. You have to earn it,” O’Neal said. “So for her, she needs to toughen up, take those licks, and show them that, ‘These licks don’t bother me.’”
In a separate interview with Fox News Digital, O’Neal went further in describing the dynamics at play among Clark’s WNBA peers, saying that a degree of professional jealousy exists toward the Fever star. He explained that other players in the league, feeling overlooked or under-covered by comparison, often respond by directing more physical attention toward whichever player is perceived as the league’s biggest star, adding that if other players are coming at Clark as a result of that dynamic, it is simply part of the competitive nature of professional sports.
A Debate Over Whether the Game Has Actually Changed
Not every prominent WNBA voice agrees that the physical treatment directed at Clark reflects a meaningful shift in how the league is played. Diana Taurasi, a three-time WNBA champion who played 20 seasons in the league before retiring, pushed back on the idea that the game has grown more physical in recent years. Speaking last month at the CNBC Sport x Boardroom Game Plan Summit, Taurasi said that anyone who believes the current level of physicality is unusual should go back and watch WNBA Finals games from 15 or 16 years ago, suggesting that today’s level of contact is not out of step with the league’s longer history.
NBA Commissioner Adam Silver offered a somewhat different framing of the controversy during the same July event, saying that the issues surrounding Clark are not fundamentally about officiating at all. Silver said Clark has become something of a political football in the broader national conversation, a dynamic he described as incredibly unfair to her personally, separate from any legitimate questions about how games involving her are officiated.
Continuing to Make History Despite the Physicality
Even amid the ongoing controversy, Clark has continued producing standout performances and setting new league records. The three-time WNBA All-Star became the fastest player in league history to reach 1,000 career points, 250 rebounds and 250 assists, accomplishing the feat in just 54 career games and breaking the previous record of 62 games set by Taurasi. On July 17, Clark scored a career-high 45 points in a game against the Seattle Storm.
Support From Other NBA Figures
O’Neal is not the only prominent NBA figure to publicly encourage Clark to push through the physical treatment she has faced. Seven-time NBA champion Robert Horry offered similar advice earlier this summer, telling Fox News Digital that being the best inevitably invites opponents looking to knock a star player down a notch. Horry pointed specifically to O’Neal’s own playing career as an example, recalling that his former teammate eventually began responding more physically to rough treatment on the court, a shift Horry suggested Clark might eventually need to consider as she continues adjusting to the professional game.
A League Grappling With Broader Controversy
The debate over Clark’s treatment has unfolded alongside other points of controversy within the WNBA this season, including questions surrounding league officiating more broadly and a separate incident in which the league deleted a social media post referencing a wager between players Angel Reese and Paige Bueckers, given that gambling of any kind is strictly prohibited under the terms of the WNBA’s current collective bargaining agreement.
With Clark continuing to post record-setting statistical performances even amid persistent physical treatment on the court, O’Neal’s comments add to a growing chorus of prominent basketball figures weighing in on how the league and its players should handle the attention and physicality directed toward its most closely watched star. O’Neal closed his comments with a direct message to Clark, encouraging her to continue performing at a high level, saying that doing so would eventually cause the rites of passage to open up, ultimately leading her peers to fully welcome her into the league’s upper tier and, as he put it, hand her the throne.
Business
Trump imposes 15% tariff on key chip material to counter China
US President Donald Trump signed an executive order on Thursday that imposes a 15% tariff on imported products made from polysilicon, a crucial material used in semiconductors and solar panels.
The order also set minimum import prices on polysilicon and related products. It comes after a national security investigation into the production of the material overseas.
The move is intended to help protect US manufacturers as they face increasing competition from China’s chip industry – a key source of friction between the world’s two largest economies.
The Chinese embassy in Washington said the move “seriously disrupts” trade between the two countries and Beijing will act to protect its companies.
Washington is “abusing state power to go after Chinese businesses,” the embassy said, adding that protectionism will not make the US more competitive.
Trump said in the order, external that he had accepted recommendations by Secretary of Commerce Howard Lutnick to set minimum import prices as well as a 15% tariff on polysilicon and related imports.
The measures are due to take effect in December.
The US will also offer incentives to boost domestic production, it added.
For decades, the US has allowed “foreign firms to weaken United States producers in the polysilicon sector,” said Trump, who has long advocated for the use of tariffs to protect American jobs and boost the economy.
The material is critical in military equipment and electronics, yet imports have led to the US’ share of global polysilicon production to fall from 50% in 2005 to less than 2% in 2024, Trump said.
China holds a near monopoly on the production of polysilicon.
The order is likely to benefit Hemlock Semiconductor and Wacker Chemie, which are the main producers of the material in the US.
The production of computer chips is central to the race between the US and China to develop artificial intelligence (AI). Washington and Beijing have also been locked in a tit-for-tat tariffs war, which has been on hold since May 2025.
Analysts quoted by Chinese state media outlet Global Times said the new tariff marks the latest escalation in Washington’s efforts to limit China’s role in critical technology supply chains.
The move follows other US restrictions on the imports of drones, humanoid robots and other tech products from China.
China announced a range of countermeasures this week, including tighter export controls on drones. Beijing also launched a national security review into imported printers and copiers.
Business
FPIs, trading companies tap Sebi, centre for tax breather
At a meeting with Securities & Exchange Board of India (Sebi) and officials of Department of Economic Affairs here on Wednesday, the high-frequency trading firms said that Reserve Bank of India‘s stern regulations on leverage would force them to shift exposures from entities here to FPIs.
Read more: Most active funds beat benchmark indices last year: Motilal Oswal StudyThe meeting -attended by senior advisors and two European custodian banks representing FPIs and a few MNC trading subsidiaries- comes two months after India eliminated taxes on government securities (G-Secs) for FPIs.
AgenciesSince April RBI prohibited banks from funding brokers for proprietary trade or investment, and, more significantly, stipulated that credit to brokers must be backed by 100% collateral.
“No such leverage restriction exists offshore. And since traders here can’t take guarantees from banks overseas, some trades would be routed through FPIs. No one gains from this. The government gets less tax and the market sees less market-making and liquidity-providing trades. And the trading entities can’t cut deals through or as FPIs which they can as a domestic entity,” a person familiar with the discussions told ET.Despite higher tax on Indian subsidiaries — compared with zero tax on derivative profits for FPIs in treaty-friendly jurisdictions like Mauritius and Singapore — several foreign traders have set up shop here to overcome restrictions applicable to FPIs. These include strict position limits for futures and options trades, and the conditions under for short-selling.
“The DEA officials didn’t say anything but were willing to listen – probably after the increase in inflows following tax cuts on G-Secs, though the delay in inclusion of G-secs in Bloomberg index may disappointment many,” said another person.
India scrapped taxes on G-Secs for FPIs through a June ordinance with effect from April 1, 2026. With this, interest withholding tax, along with short-term and long-term capital gains taxes were removed.
“It’s widely felt that rationalisation of STT along with other charges and levies would make transaction charge more competitive. There’s also demand to reduce capital gains tax which has risen over the years, but I don’t know to what extent the government is open to this,” said an industry official who attended the meeting.
STT, applying on stocks, derivatives, and equity-oriented mutual funds, is collected by exchanges directly at the time of transaction. Introduced in 2004 as a small turnover tax after abolishing the long-term capital gains tax, STT continued even after long-term capital gains tax was brought back and tax on equity profits was raised. STT on equity derivatives was hiked in 2026 but it may not have led to a fall in retail losses in F&O.
“Through there was no one from CBDT (Central Board of Direct Taxes), the new uncertainty post Tiger Global was mentioned,” said a source. The Supreme Court verdict on the US investment firm has unsettled foreign investors, changing the way they interpret treaties and indirect transfers.
Business
EU cracks down on Caribbean golden passport programs with visa threat
View over the clear turquoise waters of the harbor from verdant hilltop viewpoint above the village, Marigot Bay, Castries, St. Lucia.
David C Tomlinson | The Image Bank | Getty Images
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
The European Union has given five Caribbean nations notice that they need to end their citizenship-by-investment programs or risk losing visa-free access to Europe’s Schengen area by 2028.
The ability to enter the 29 countries in the Schengen area can be a substantial selling point for these golden passport programs. While some immigration attorneys told CNBC that the ultimatum will likely end in a compromise, it is possible the EU will stand its ground.
Currently, foreigners can obtain citizenship in one of the countries by making a qualified investment in its economy, such as buying real estate or contributing to a government fund. Passports from one of these nations allow visa-free travel to some 140 countries and territories. With costs starting around $200,000, these citizenship-by-investment, or CBI, programs provide vital revenue to the Caribbean nations.
The EU in late June sent letters to the governments of Antigua and Barbuda, Dominica, Grenada, St. Lucia and St. Kitts and Nevis. The countries are planning a coordinated response, including a mission to Brussels, according to a statement.
“Our citizenship-by-investment programs are critical pillars of our non-tax revenue base. They cannot simply be abandoned without viable, credible and sustainable replacement sources of revenue,” said Antigua and Barbuda Prime Minister Gaston Browne in a subsequent statement.
The EU has cracked down on CBI programs in other nations before, including Malta. However, this request is unusual because it doesn’t cite specific security concerns or propose remedies to address them, according to Ron Klasko, immigration attorney and co-founder of advisory Exodus Migration. He said he does not expect the EU to back down.
“There’s always been pressure from the EU on on the Caribbean countries, mostly related to security issues, and all of them have bolstered their security issues in response to EU requests in recent years. The new thing is different,” Klasko said. “They’re saying we are opposed to the concept of a commercial transaction resulting in you getting a passport. That goes to the very core of their program, unlike if they’re saying we want you to bolster your security, which is where they can do something.”
Klasko said he is advising one of the five affected nations, which he declined to name, on possible changes to the program that may satisfy the EU.
Reaz Jafri, senior counsel at Charles Russell Speechlys, said he views the EU request as a starting point for negotiations rather than a firm ultimatum. Jafri, who also leads Dasein Advisors, a citizenship and residency consultancy, said a few clients have reached out, but they are still going through with their applications.
“This conversation has been going on as long as I can remember,” said the immigration attorney of 30 years. “I think the EU is looking to maybe get more diligence or better handle on certain things with regards to who gets in and who doesn’t come in, and I think they’ll comply because they’re not looking to skirt any rules.”
In late 2024, the EU revoked visa-free travel to the Schengen region for citizens of Vanuatu, an island nation in the South Pacific, due to security and migration concerns. In 2025, the European Court of Justice struck down Malta’s “golden passport” program as illegal. Malta has since implemented a merit-based program with residency requirements.
Even if a compromise can’t be reached, Jafri said the Caribbean nations rely too much on revenue from CBI programs to phase them out. More than half of his clients are Americans, who don’t need a visa-free perk, he added.
“I’ve had clients take these passports because they don’t want to travel with their American or Israeli or Chinese passport. It’s a security issue for them,” he said. “I work with very wealthy clientele around the world, and having alternate citizenships and residencies is part of the global planning they do. They’re managing different risks: political, personal, commercial, financial and so forth.
“My clients are not doing this for easy access to the EU,” he added.
Business
Five9, Inc. (FIVN) Q2 2026 Earnings Call Transcript
Tony Righetti
Good afternoon and welcome to Five9’s Second Quarter 2026 Earnings Conference Call. I am Tony Righetti, Senior Vice President of Investor Relations. With me today are Amit Mathradas, Chief Executive Officer; and Bryan Lee, Chief Financial Officer.
During today’s conference call, certain statements will be made that are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to, statements regarding our quarterly and full year 2026 guidance, expected improvements in operating and financial metrics, industry trends, including with respect to AI, our strategy, priorities and execution, our product road map and technology investment, our markets, customer demand trends, our market position and opportunity, our capital allocation strategy and other future events or results. Such statements are simply beliefs and predictions that should not be unduly relied upon by investors. Actual events or results may differ materially, and the company undertakes no obligation to update the information in such statements.
These statements are subject to substantial risks and uncertainty that could adversely affect Five9’s future results and cause these forward-looking statements to be
Business
NAVER Q2 2026 slides: revenue climbs 16% as AI investments pressure margins

NAVER Q2 2026 slides: revenue climbs 16% as AI investments pressure margins
Business
Ford ‘Fathom’ electric pickup truck will start at $28,000
The logo of car manufacturer Ford is pictured in Inwood, New York, on Feb. 5, 2024.
Charly Triballeau | AFP | Getty Images
Ford Motor announced Thursday that its new midsize electric truck will have a starting price of $28,350 and be called the “Fathom,” as the automaker looks to offer an affordable option in the pricey EV truck market.
Destination and delivery charges of $1,595 will bring the price to $29,945, coming in at the $30,000 mark the automaker had long promised in touting its upcoming electric vehicles.
Ford said preorders for the five-passenger truck will begin in early 2027. Customer deliveries are expected to begin later in 2027. The company has yet to reveal what the new truck will look like.
The Fathom is the first vehicle to be built on Ford’s new “Universal Electric Vehicle,” or UEV, platform, which the company has said is key to bring its Model e business unit from billions of dollars in annual losses to breakeven by 2029.
“We are confident that we have the best cost platform and are focused on the right market,” a Ford spokesperson said in an email. “We believe the UEV platform will be a strategic advantage — and we have the best chance to make it work.”
Ford has said the goal for the UEV platform is for each vehicle built on the system to be profitable within a year of launching and cost-competitive with global EV leaders from China and Tesla. Ford has had a secret unit working on the platform to make the vehicles comparable in price to gas-powered models through new technologies and efficiencies.
Ford’s push with the UEV platform comes despite a massive slowdown in EV adoption and the elimination of U.S. consumer incentives to buy EVs. The company last year reported $19.5 billion in restructuring charges related to its electric vehicles.
The Ford Fathom will be built using the company’s new assembly tree manufacturing process at its Louisville Assembly Plant in Kentucky.
Business
FAA orders Boeing 737 Max inspections over potential cracks
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The Federal Aviation Administration (FAA) has ordered inspections of hundreds of Boeing 737 Max jets over possible cracking in the aircraft’s body, though Boeing said the issue has not been seen on the Max fleet.
The airworthiness directive (AD) applies to certain Boeing 737 Max 8, Max 9 and Max 8-200 airplanes and affects an estimated 471 U.S.-registered aircraft.
Airline operators must inspect the fuselage skin and carry out additional inspections or repairs when needed.
RYANAIR PASSENGER RECOUNTS BEING PARTLY SUCKED OUT AIRPLANE WINDOW: ‘I AM LUCKY’
“This AD was prompted by reports of cracks in the bear strap at the forward upper corner of the forward galley door cutout,” the directive states.
“The FAA is issuing this AD to address cracks in the fuselage skin and bear strap, which may lead to the inability of the principal structural element to sustain limit loads and adversely affect the structural integrity of the airplane.”

The Boeing logo is displayed near London July 21, 2026. The FAA has ordered inspections of hundreds of Boeing 737 Max aircraft. (Toby Shepheard/AFP via Getty Images)
The directive takes effect Sept. 10, 2026.
Boeing told FOX Business the issue was first identified on certain 737 Next Generation aircraft and has not been seen on the 737 Max fleet.
The company said it extended the inspections to Max aircraft because the models share a similar design and manufacturing process.
“Boeing identified and reported this issue and has been working with operators on it over the past six years,” the company said.
NEW BOEING AIRCRAFT DEVELOPMENT HAMPERED BY BACKLOG OF EXISTING ORDERS, SAYS CEO

Boeing 737 Max aircraft at the company’s factory in Renton, Wash., April 15, 2026. The directive takes effect Sept. 10, 2026. (M. Scott Brauer/Bloomberg via Getty Images)
Boeing notified 737 Next Generation operators about the issue in 2019, and the FAA mandated inspections for those aircraft in 2021.
“The FAA airworthiness directive published today mandates the inspections, as it did for the 737 Next Generation. We support both directives and continue to support our airline customers,” Boeing said.
The aircraft manufacturer said the inspections provide multiple opportunities to detect and correct possible cracks before they exceed a critical length.
BOEING PURSUES MASSIVE CHINA JET DEAL AS CEO JOINS TRUMP’S DELEGATION TO BEIJING

Boeing has also conducted an engineering analysis to determine the root cause and is implementing manufacturing changes. (Mario Tama/Getty Images)
Boeing has also conducted an engineering analysis to determine the root cause and is making manufacturing changes intended to prevent the condition.
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“Boeing is introducing changes to the manufacturing process that address the root cause of the unsafe condition on in-production airplanes,” the FAA directive noted.
Business
Global Market Today: Asian shares mixed as investors await US jobs data
Brent rose 1.4% to $83.65 a barrel as tensions in the Middle East and a lack of clarity on a deal to reopen the crucial waterway lifted the commodity. Oil has climbed over 37% this year.
Treasury futures inched lower in early Asian trading as higher energy prices revived concerns that the Federal Reserve may need to keep interest rates elevated. In the cash market, the Treasury 10-year yield held at 4.68%, after climbing seven basis points during the US session. Government bonds in Australia also fell, sending the yields on the 10-year higher by eight basis points.
A Bloomberg gauge of the dollar’s strength was little changed after posting its biggest gain in two weeks during the New York session. Asian stocks swung between minor gains and losses.
A lack of a deal in the Middle East risks keeping energy prices higher, adding to a market already volatile on the artificial intelligence trade. Attention now turns to Friday’s US employment report for fresh clues on the Federal Reserve’s policy path. A stronger-than-expected payrolls reading would reinforce the case for higher-for-longer interest rates.
“Near-term risks remain, especially if US data stay firm, oil prices keep inflation concerns alive, or markets continue to price in a more hawkish Federal Reserve rate path,” said Ulrike Hoffmann-Burchardi at UBS Chief Investment Office.
Iran will seek to restrict US and Israeli ships from the Strait of Hormuz and require compensation from countries it considers hostile before allowing passage, according to local media reports on a proposed Iran-Oman agreement to manage the strategic waterway.The reports come as officials in both Washington and Tehran have signaled that an accord may be close. President Donald Trump, who recently stepped back from threats to resume military strikes on Iran, said things are “moving along good” when asked for an update.
Separately, Fars news agency said Iranian naval forces had struck “hostile targets” at the entrance to the strait.
“Wall Street is reversing again from sharp recent gains, as a lack of clarity over the Strait of Hormuz has investors questioning whether the strong rally at the start of the week was justified by perceived improvements in geopolitical negotiations,” said José Torres, senior economist at Interactive Brokers.
US economic data released Thursday highlighted the resilience of the US labor market, leaving inflation as the key variable for the Fed’s September meeting. Initial jobless claims remained below 200,000 for a third consecutive week, while a separate report showed labor productivity accelerated by more than expected in the second quarter as companies worked to offset higher costs.
Traders now turn their attention to Friday’s payrolls report. Economists surveyed by Bloomberg expect employers added 80,000 jobs in July, following a weaker-than-expected gain of 57,000 in June. The report is expected to provide the clearest signal yet on whether the labor market is cooling enough to support expectations for Fed easing later this year.
“Friday’s jobs report is of greater importance for markets given how fast this stock market has rallied over the past week, and ultimately we will need to see a number that is not too hot and not too cold in order for the market to keep grinding higher,” said Clark Bellin at Bellwether Wealth.
Business
The Post newspaper expands to north coast suburbs
Post Newspapers has expanded its coverage from western suburbs to the north coast, after an investment in its own printing press led to more opportunities.
Business
Broome Port, Water Corp become latest state entities to strike
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