Vince McMahon resigned as executive chairman of WWE's parent company, TKO Group, one day after being accused of sexual assault and sex trafficking in a lawsuit.
Why it matters: The move appears to be an attempt to allow the fast growing professional wrestling group to move forward without McMahon's legal troubles.
When a government is worried that its stock market has fallen too far, sometimes it tries to buy stocks in an attempt to turn the market around. China is looking to unleash about $278 billion to that effect shortly.
Why it matters: Economists generally hate this move, saying it introduces inefficiencies to markets. But policymakers are generally more open to it.
