Donovan Mitchell, presented with the challenge of solving the NBA’s oft-discussed ratings issue, smiled as he gave his immediate retort.“Get into more fights,” the Cleveland Cavaliers star said.He was joking, of course, and provided his usual eloquence in his real answer. But the essence of his quip was onto something.The biggest issue with the NBA isn’t (primarily) how many 3-pointers are being cast, except maybe for those hunting for disparagement. Nor is it the length of the season, or the perceived triviality of regular-season games. Are those concerns? Sure. But only as low-hanging fruit for the unsatiated.The real issue, the…
Author: usaeverydaylife
The killer was waiting by a noodle stand on Tuesday afternoon, on a busy street in Bangkok, with foreign backpackers milling around. When the bus traveling from the border with Cambodia pulled up, he strolled toward it, video footage released by the Thai police showed. Three shots rang out, like firecrackers, witnesses said. Then the assassin casually returned to the noodle stand, where his motorcycle was parked, and left the scene of the crime.The victim was Lim Kimya, 73, a former legislator with the popular Cambodia National Rescue Party, which was crushed by the Hun dynasty that has ruled the…
Check out the companies making headlines in midday trading. eBay – Shares jumped 9.7% and touched 52-week highs after announcing that Meta is testing using its listings on Facebook Marketplace . Buyers from Facebook will be redirected to eBay to complete transactions. The gain put the stock on track for its best day since late 2022. Edison International – The stock lost more than 10.5%, as thousands flee the Los Angeles area due to wildfires destroying homes and infrastructure in the region. The decline put the California-based utility on track for its worst trading day since March 2020. Getty Images…
Wednesday marks the end of the first five trading days of 2025, an “early warning system” for how the month and the year could go, according to the Stock Trader’s Almanac. Along with the Santa Claus Rally and the January Barometer, the First Five Days is part of a trifecta of signals during the first month that could indicate what’s in store for the full year. In the last 48 years when the first five trading days were up, the market averaged a gain of 14.2%, ending the year higher 40 times, the Almanac showed. In the 26 years when…
Chevron CEO Mike Wirth made clear on Wednesday that he will not miss the Biden administration, briefly breaking from the diplomatic language major oil executives typically adopt when discussing politics. Wirth slammed President Joe Biden’s decision to ban new oil and gas drilling in 625 million acres of waters along the U.S. coasts, while indicating that he looks forward to working with the incoming Trump administration. “It’s one last gasp of poor politics from an administration that never really understood energy investment in America,” Wirth told CNBC’s Brian Sullivan in a wide-ranging interview. The CEO said it is possible that…
WASHINGTON HEIGHTS, NY — Once inside Peligro Sports, one thing above all else is clear: if you ever need a baseball cap, jersey or a T-shirt for one of the six teams in La Liga de Béisbol Profesional de la República Dominicana, the Dominican winter baseball league (or LIDOM, as it is known), this is the place to be. And that’s rare.When it comes to LIDOM gear, whether you’re a diehard fan born and raised in the Dominican Republic, part of the Dominican-American diaspora in the United States, married into a Dominican family or just a collector who can never have…
U.S. Treasury yields rose on Tuesday after economic data suggested services inflation is proving hard to tame.The 10-year Treasury yield climbed more than seven basis points to 4.693%, and earlier hit an intraday high of 4.699%, reaching its highest level since April 26. The 2-year Treasury yield gained more than two basis points to 4.299%.Yields and prices move in opposite directions. One basis point equals 0.01%.The moves came after the December ISM services price index came in at 64.4, up from 58.2 in November. Meanwhile, the Job Openings and Labor Turnover Survey (JOLTS) showed a higher-than-expected number of openings.The combination…
As equities struggle to build on a strong 2024, Mizuho Securities laid out its top picks for January that can buck the trend. Stocks fell slightly on Wednesday , with Wall Street struggling to recover from a steep sell-off in the previous session. On Tuesday, the S & P 500 shed more than 1%, and the Nasdaq Composite lost 1.9%. Those moves come as new services data signals stickier inflation. Both benchmarks are coming off banner years, reaching all-time highs. Despite the recent market turbulence, Mizuho is eyeing its top ideas moving forward. Here’s a look at some of the…
A sign is posted in front of the eBay headquarters in San Jose, California.Justin Sullivan | Getty ImagesShares of eBay soared 12% Wednesday as Meta said it will allow some listings to show up on Facebook Marketplace, its popular platform connecting consumers for local item pickups and more.EBay stock reached its highest level since November 2021.The rollout will begin with a test in Germany, France and the United States, where buyers will be able to view listings directly on Marketplace and complete the rest of their transactions on eBay, Meta said in a release.Meta’s move is an attempt to appease…
Treasury Secretary Janet Yellen speaking with CNBC’s Sara Eisen (not shown) at the U.S Treasury Department on Jan. 8th, 2024.CNBCTreasury Secretary Janet Yellen said Wednesday that the stimulus spending signed into law by President Joe Biden to aid the U.S. recovery from the Covid-19 pandemic may have contributed “a little bit” to the country’s subsequent inflation woes.But the widespread rise in prices that marred the Democrat’s administration was mostly “a supply-side phenomenon” caused by the pandemic itself, Yellen told CNBC’s “Money Movers” in an exit interview before leaving her role.There were “simply huge supply chain problems,” she said, adding that…
