Teresa Weatherspoon couldn’t watch “The Shot” for years. It’s still not the easiest topic for her to discuss.Weatherspoon is the head coach of the Chicago Sky, but 25 years ago she was a guard for the New York Liberty and facing the Houston Comets in the 1999 WNBA Finals. Houston led 67-65 with 2.4 seconds left in Game 2 of the best-of-three series on a basket from Tina Thompson. The Comets had a 1-0 series lead and were looking to close the deal and win their third consecutive league championship.A minor miracle was needed for the Liberty to win —…
Author: usaeverydaylife
A picture taken on June 8, 2018 shows an unidentified anchor of the Russia Today (RT) TV company as he prepares to go on the air in their studio in Moscow. Yuri Kadobnov | Afp | Getty ImagesThe Biden administration on Wednesday will announce actions targeting Russian-government-backed efforts to manipulate American opinion before the 2024 election, two senior U.S. officials told NBC News.Those alleged efforts include the use of RT, the English-language media network backed by Russia, to influence U.S. opinion, the officials said.The Biden administration’s actions in response to those efforts are expected to include sanctions by the U.S. Treasury…
Needham’s portfolio manager Chris Retzler believes the economy will continue to slow regardless of the timing of rate cuts, but some stocks could still thrive in the sluggish environment. Retzler, manager of Needham Small Cap Growth Fund, said the effects of any rate reductions won’t be felt for a while. “The economy still needs to slow, and will continue to slow, and whatever interest rate cuts come in, it’s going to take a while for that to filter through,” he said on CNBC’s ” Squawk Box ” Wednesday. The markets are widely expecting the Federal Reserve to cut its benchmark…
Job openings slumped to their lowest level in three and a half years in July, the Labor Department reported Wednesday in another sign of slack in the labor market.The department’s closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month, off 237,000 from June’s downwardly revised number and the lowest level since January 2021.Economists surveyed by Dow Jones had been looking for 8.1 million.With the decline, it brought the ratio of job openings per available worker down to less than 1.1, about half where it was from its peak of more…
Erling Haaland is frequently portrayed as a lethal Scandinavian footballing machine whose sole purpose is to compute the most effective way to score goals.It is a tempting way to describe a 6ft 4in (194cm) Norwegian whose goalscoring records are on another level — it’s now 97 goals in 102 appearances for Manchester City if you were wondering.Most of Haaland’s goals for City are one-touch finishes inside the penalty area — a result of being in the right place at the right time. His exquisite off-ball movement means that he is usually in the correct position, and that is complemented by…
The chip shortage took its toll on the auto industry, which has become increasingly reliant on semiconductors.Mikael Sjoberg | Bloomberg | Getty ImagesSwedish automaker Volvo Cars on Wednesday abandoned its near-term goal of only selling electric vehicles, citing a need to be “pragmatic and flexible” amid changing market conditions and cooling demand.Volvo Cars, which is owned by China’s Geely Holding, had been among the first legacy carmakers to promise a complete switch to EVs. The firm said it’s long-term aim remains to become a fully electric carmaker.However, the company announced that by 2030 it now aims for between 90% to…
Ken Griffin, Founder and CEO, Citadel speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersBillionaire investor Ken Griffin’s suite of hedge funds at Citadel eked out small gains in what proved a volatile month in August as markets grappled with an emerging growth scare. Citadel’s multistrategy Wellington fund gained about 1% in August, bringing its year-to-date return to 9.9%, according to a person familiar with the returns, who spoke anonymously because the performance numbers are private. All five strategies used in the flagship fund — commodities,…
Chipotle Mexican Grill (CMG) has shown significant resilience in maintaining price increases during the past few years of inflation. However, as the labor market cools, consumers become more selective with their spending and rising food costs are increasing difficulty passing onto customers. We’ll describe a spread bet that pays off if Chipotle shares continue to struggle. CMG has managed to maintain an above-average valuation and is becoming increasingly difficult to justify as margins come under pressure. The risk/reward favors adding some bearish exposure at these levels on CMG. From a technical perspective, CMG has broken below its 200-day moving average…
A view of the pipelines at Zueitina oil terminal, in west of Benghazi, Libya February 3, 2020. Picture taken February 3, 2020. Esam Omran Al-fetori | ReutersU.S. crude oil fell 1% on Wednesday, tumbling below $70 per barrel and raising speculation that OPEC+ could delay production increases scheduled to begin next month.The U.S. benchmark hit a low of $69.19 earlier in the session, the lowest level since Dec. 13, after plunging more than 4% on Tuesday. U.S. crude and global benchmark Brent have erased all gains for 2024.”With demand growth uncertain and significant supply outages looking unlikely, all eyes are again…
Vertigo3d | iStock | Getty ImagesBitcoin slid back toward $55,000 overnight as it caught up with Tuesday’s broader market sell-off.On Wednesday, the price of the flagship cryptocurrency was lower by more than 2% at $56,481.90, according to Coin Metrics. It fell sharply Tuesday night — to as low as $55,673.80 — with the start of Asia-Pacific trading but has stabilized since then.Coinbase and MicroStrategy fell 3% and 2%, respectively. Tech stocks struggled in U.S. trading Tuesday – the sector is coming off worst day since September 2022 – while two readings of manufacturing production showed signs of weakness, rekindling fears about…
