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As Apple Inc AAPL and Alphabet GOOG GOOGL -owned Google penetrated into financial service and realized significant gains with mobile wallets, Americas biggest banks have joined their efforts to defend their turf. Namely, JPMorgan Chase & Co. JPM , Bank of America Corporation BAC and Wells Fargo & Company WFC , among others, will be launching a mobile wallet that will connect to credit and debit card accounts of 150 million customers.Fintech Partnerships Have Been In The Air For AWhile Now

Fintech has been taking a bite out of traditional banking. In April, Apple continued its iBanking revolution that began with Apple Pay by joining forces with The Goldman Sachs Group Inc GS to release its Apple Card high-yield savings account. Goldman Sachs is known for embracing technological development to meet the needs of its tech-savvy customers. But, even other offline banks entered the fintech game.

For example, JPMorgan has struck deals with both Apple and Amazon.com Inc AMZN that will fuel the two tech titans to expand their banking footprints. Amazon also got the help of Citigroup Inc C with its instalment payment offering.Big Banks Mobile Wallet

Named Paze, the banks soon to be launched digital wallet will be operated by Early Warning Services. This bank consortium group already runs the payments app Zelle which became the largest-peer-to-peer payment app pretty quickly since its launch in 2017 so no wonder that big banks are hoping that the same formula will help replicate this success. Last year, payments over Zelle increased almost 30% to$629 billion while PayPal Holdings Inc PYPL -owned Venmos score was only $244 million and PayPal acquired Venmo back in 2013, four years after its inception. Even PayPal got pressured by Apples entry into digital payments and is undergoing a business turnaround. Venmo has long been seen as the source of long-term growth for PayPal but it still didn't get to a point of becoming asignificant revenue contributor. Despite the digital payments platform'spioneeringjourney, PayPal managements guided for lacklustergross profit growth.Fintech Partnerships Are Here To Stay

Paze shows that rivaling banks are willing to work together and to use the expertise of tech firm to stop Apple, Google and most recently, X, whose goal is to offer banking services. Although Financial Times quoted a market research study that merely 6% of global purchases was made by Apple Pay, the number of users skyrocketed in five years, going from 60 million to now exceeding 500 million and that is making banks nervous.

Yet, fintech partnership are not favored by regulators whose concern is that such unions expose the U.S. banking system to non-trustworthy players.Putting The Genie Back In The Bottle Is An Unlikely Scenario

Big Tech is certainly giving Big Banks a run for their money as Apple, Amazon and Google are poised to challenge the power that banks have enjoyed for a very long time and the mobile wallet is now the biggest battleground in this tussle. Many believe that banks are not able to put the Apple, Amazon and Google genie back in the bottle as the history of the industry is filled with advancements that ultimately became industry standards.

DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.

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Sports

Has international hockey replaced the NHL All-Star Game for good?

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Has international hockey replaced the NHL All-Star Game for good?

BOSTON — The 4 Nations Face-Off has emerged as a transformative moment for the NHL.

“Nothing’s done more for hockey in a decade than what this tournament’s done,” Team Canada coach Jon Cooper said.

What was supposed to be a midseason appetizer for the 2026 Winter Olympics has evolved into a transcendent event for hockey, which has lacked a best-on-best event since the 2016 World Cup of Hockey. That was never more apparent than the first U.S. vs Canada showdown in Montreal, which produced three fights in the first nine seconds of the game followed by an elite representation of the sport as played by two bitter rivals.

The audience was massive — with 9.3 million viewers, it was the most-watched non-Olympic hockey game ever in the United States. The hype was something the NHL hadn’t seen in recent memory. People who don’t usually talk about hockey were suddenly talking about hockey.

“The game is in a better place because that game existed,” Cooper said.

Now that the 4 Nations Face-Off was a game-changer, how will the NHL capitalize on it — and what comes next for its midseason events?


THE NHL HAS ANNOUNCED what is on the way in 2026. The All-Star Weekend, which took a hiatus in favor of 4 Nations this year, will return at the New York Islanders‘ UBS Arena next February. That will serve as a bon voyage event ahead of the 2026 Winter Olympics in Italy, which mark the return of NHL players for the first time since 2014.

The 2026 Olympics begin what the NHL and the NHL Players’ Association hope will be a regular cadence of international best-on-best events. NHL commissioner Gary Bettman and NHLPA executive director Marty Walsh announced last week the next World Cup of Hockey is scheduled for 2028. Then come the 2030 Winter Olympics, and then potentially another World Cup and so on.

“We couldn’t be more excited about making a reality: Olympics, World Cups, Olympics, World Cups on a regular schedule of the best hockey players in the world representing their countries,” Bettman said. “We know the full-blown World Cup is going to be sensational.”

Sources told ESPN that the future of the NHL All-Star Game beyond next season has yet to be determined.

The NHL All-Star Game isn’t going anywhere — sources said its status as a tentpole event and its history within the league make it an important part of the league’s slate of events. But All-Star Weekend’s cadence and format beyond next season hasn’t been determined. Logically, it could be held in years when there isn’t a best-on-best event. Perhaps the league continues to double up with the All-Star Game and the Olympics, like it is doing in 2026.


ALL-STAR GAMES are in a transient place in the sports world right now — that’s not just a function of the success of the 4 Nations Face-Off.

While the NHL’s midseason tournament was being widely praised, the NBA All-Star Weekend received criticism from fans and players. Draymond Green called the game’s format “absurd” and said it existed “because ratings are down and the game is bad.”

The effort of the NHL’s players in its best-on-best tournament was in stark contrast with basketball’s midseason classic.

“You can go on an NBA court and go through the motions. You can’t do that in hockey,” P.K. Subban said on “Get Up.” “The culture of our sport, you have to play it with passion. That’s what fans are investing in.”

While that’s true, the NHL All-Star Game isn’t exactly USA vs. Canada for the 4 Nations title, either.

“Different event, obviously. I don’t remember any fights in the All-Star Games,” Winnipeg Jets defenseman Josh Morrissey said. “There’s definitely a place to have both. From what I’ve heard, that’s the plan in the future. And I think both can be exciting.”

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USA, Canada fight 3 times in the first 9 seconds of game

Three players each from USA and Canada are penalized for three fights in the first nine seconds of the game.


THE ALL-STAR GAME brings some virtues that these international tournaments do not. The World Cup of Hockey will be awarded through a host city bidding process. The All-Star Game brings the world’s best players to markets that may never host a World Cup game. It doesn’t just spread the wealth among NHL cities — it does the same among players.

“The one thing about this tournament is ‘Where’s Leon Draisaitl?’ Or Nikita Kucherov?’ Go down the list of guys that aren’t here that you do get to see in an All-Star Game because those guys are special talents,” Cooper said. “Maybe there’s something down the road where everybody gets to play, and that would be super cool.”

The players at the 4 Nations Face-Off uniformly agreed that there’s room for both best-on-best battles and All-Star games in the NHL.

“Obviously this brings out real emotions when you get to play these meaningful games,” Sweden’s Jesper Bratt said. “The All-Star Game has its cool things to it, too, and I think fans appreciate that part of it: to see the best individual players from each division and each team to participate in a skill competition.”

Team USA’s Jack Hughes, Bratt’s teammate on the New Jersey Devils, said he’s made some great memories at the All-Star Game.

“That’s always fun for me personally, just because it’s not as extreme as this. Obviously, you get to spend more time with your family and your friends and get to enjoy that with them. I think that’s a great event,” he said. “But as a hockey player for sure, [4 Nations] is the elite of the elite. Getting to play against the best players and represent your country. It means something to everyone on the ice.”

Vincent Trocheck said the experience is different for every player at the All-Star Game.

“I’ve only played in two, and they’ve been extremely special to me. Every time I’ve been able to go, sharing that with my family is really cool. So those are … awesome weekends, but something like this is just different,” said the New York Rangers center, who played for Team USA. “It’s more meaningful. It’s more emotional. Stuff like this is what you dream of as a kid. So coming to a tournament like this is something that you’ll never forget. You can’t match it.”


THE NHL PLAYERS deserve credit, having pushed for more best-on-best opportunities since the 2016 World Cup of Hockey.

“Whether it’s Team Canada, the U.S., Sweden, Finland, the other nations in the future, if there’s more playing in these events when you put on your country’s uniform, it just means something special,” Morrissey said. “It’s a different feeling, and you can’t replicate that in any other way.”

After the success of 4 Nations, everything is on the table. Could the All-Star Game become something that hues a little closer to nation vs. nation? Could those years between the Olympics and World Cup produce more international events, be it a 4 Nations Face-Off or a “summit series” between the U.S. and Canada?

The 4 Nations Face-Off has broadened the possibilities.

“Look to soccer. They have so much international play that gets so much attention. We’re not soccer, as far as a global game, but we’re not that far behind,” Ron Hainsey of the NHLPA said. “That’s the long-term goal here … where fans look forward to these players representing their countries on a regular basis.”

Shutting down the regular season for international events isn’t without its risks or its critics. The 4 Nations Face-Off saw a handful of injuries, most notably to Boston Bruins defenseman Charlie McAvoy, who was hospitalized Monday with an infection in his right shoulder and a significant injury to his AC joint.

“I don’t know how the NHL teams feel about it, because guys are going so hard out there and we still have a quarter of the season left,” New Jersey Devils center Jack Hughes said. “But I think the guys inside the locker room have extreme care for this and are really, really enjoying this.”

Canada star Connor McDavid agreed less is more for international tournaments.

“I’m not sure you could do this every single year. It’s been pretty taxing. Obviously, we see guys going down and getting hurt.” McDavid said. “But it goes to show how much guys care about playing for the country, how much pride they play with while they’re wearing the jersey.

“I think with the Olympics and the World Cup, I think we’ll get enough.”

The World Cup of Hockey returns in 2028, although its final form has yet to be determined. There will be eight teams representing eight nations, without the “melded” teams from 2016 like Team North America and Team Europe. The NHL will not partner with the International Ice Hockey Federation for the World Cup, instead negotiating with other professional leagues themselves in order to populate teams like Germany and Switzerland with players.

There will be a bidding process for host cities, and that process will be open to European locations.

“The Olympics provides a good model for us in terms of how long the break will be for games in Europe,” NHL deputy commissioner Bill Daly said.

Of course, the biggest issue around the 2026 Olympics and 2028 World Cup is whether Russia will be included, as it remains banned from international play through 2026 by the IIHF because of its invasion of Ukraine.

“I’d love to see our Russian players playing in these tournaments. Again, they’re incredible hockey players,” Walsh said. “The issues are political and it is not political as far as the NHLPA, it’s the world politics that we have to get through and I’m hoping that as we get closer to the Olympics, as we get closer to the World Cup, we will start seeing the Russian athletes back in the competition.”


THE 4 NATIONS FACE-OFF showed best-on-best hockey can cross over to the mainstream. But the conditions might not be there to capture lightning in a bottle a second time.

The geopolitical undercurrents to the USA vs. Canada rivalry heightened its passions. The tournament featured the first opportunity for a generation of stars — McDavid, Nathan MacKinnon, the Tkachuk brothers and Auston Matthews, among others — to represent their countries in a best-on-best event.

And what, exactly, do they do for an encore? Four fights in eight seconds next time?

“The expectations were high. I think the tournament’s done a good job of setting that bar and going beyond it,” Team USA’s Brock Nelson said.

The 4 Nations Face-Off was meant to be the appetizer for the Olympics. Based on its success, the NHL needs to capitalize on the moment.

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Politics

Trump’s tariffs may lead to savings for Americans through tax cuts: Research

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Trump’s tariffs may lead to savings for Americans through tax cuts: Research

Prior to the 16th Amendment, which was ratified in 1913, the United States did not have a permanent income tax levied on citizens.

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UK

Girl, 3, dies after tram and van crash in Manchester city centre

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Girl, 3, dies after tram and van crash in Manchester city centre

A three-year-old girl has died after a collision between a tram and a van in Manchester city centre.

The girl was taken to hospital but died from her injuries, Greater Manchester Police (GMP) said.

“No arrests have been made and inquiries are ongoing,” the force said.

The child was a pedestrian and was not travelling in either the tram or van, GMP said.

The fatal collision happened on Mosley Street shortly before 10am, a Transport for Greater Manchester (TfGM) spokesperson said.

“All of our thoughts are with her family and loved ones at this incredibly difficult time. We are supporting police with their investigation,” a statement said.

A North West Ambulance Service spokesperson said two ambulances, a rapid response vehicle and two air ambulance crews attended the scene.

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TfGM said there was continued disruption across the Metrolink after the incident and advised people to check the Bee Network website and app for the latest travel information.

Manchester‘s Bee Network said: “Due to a road traffic collision on Mosley Street in the city centre, no tram services are operating between St Peter’s Square and Piccadilly Gardens.”

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An X post from GMP’s traffic officers said: “Our officers are currently in attendance at a collision, involving a tram and another vehicle in Manchester city centre.

“We are presently trying to establish the circumstances however we envisage there will be a lengthy closure of surrounding streets near to St Peters Square.”

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