MSG Sports

Democrats' Midterm Wins Could Spell Trouble for Corporations as Fed Signals Rate Hike Amid Inflation Worries

A potential Democrat-led oversight committee could mean increased scrutiny for corporations that have cut deals with the White House, while the Federal Reserve signals renewed worries over inflation and a potential interest rate hike. The yen has dropped to its worst day this month amid a broader selloff in major currencies. Meanwhile, Warner Bros. reopens talks on a potential spinoff of MSG Sports, including the Knicks and Rangers.