Investments and Business

The Utah Jazz have finalized a major five-year, $238 million contract extension with power forward Lauri Markkanen, according to recent ESPN reports Wednesday. The deal comes after much speculation about Markkanen's future following multiple offseason trade discussions. Previously, Markkanen was in the final year of a four-year, $67 million contract. The new extension, which begins next season, effectively adds five more years to his tenure with the Jazz and does not include any player or team options. This agreement includes a six-month hold on any potential trade involving Markkanen, and this restriction will be lifted immediately after the 2025 NBA…

In a recent interview, JPMorgan Chase CEO Jamie Dimon reiterated his view that a U.S. recession remains a likely outcome, assigning a 35% to 40% chance for a mild economic downturn. That reflects his consistent stance since February, when he expressed skepticism about the market’s overly positive sentiment on recession risks. In his conversation with CNBC’s Leslie Picker, Dimon stressed that his assessment remains unchanged, highlighting ongoing global and domestic challenges that could impact economic stability. These include geopolitical tensions, housing market fluctuations, government deficits, and policy actions such as quantitative tightening and upcoming elections, all of which are contributing…

President Vladimir Putin has leveled serious accusations at Ukraine following reports of Ukrainian troops allegedly crossing into Russia's Kursk region. The incident, reportedly involving a significant deployment of troops and armored vehicles, near the town of Sudzha has prompted a swift and decisive response from Moscow. In a televised address, the Russian Chief of Staff briefed President Putin on the alleged Ukrainian advance in the Kursk region and the ensuing clashes near the border. According to Russian officials, Ukrainian forces aimed to seize control of Sudzha and surrounding areas, prompting a rapid military response that resulted in casualties on both…

As Team USA continues to deliver impressive results at the Summer Olympics, Anthony Edwards celebrated his 23rd birthday on August 5. After an outstanding playoff season in which he averaged 26.7 points per game and led the Timberwolves to the Western Conference Finals, “Ant-Man” continued his elite form on the international stage, leading Team USA with 16.7 points per game. To celebrate his accomplishments, FOX Sports Research has compiled a list of the most notable moments from Edwards’ four seasons in the NBA. Here are some highlights: Anthony Edwards' Top Five Career Moments 1. 51 points, a career high, against…

Unemployment rates among white, black and Hispanic women rose in June, in line with broader economic trends, according to data released Friday by the Labor Department. White adult women saw a slight increase in unemployment, from 3.0% in May to 3.1% in June. Black women saw their unemployment rate increase from 5.2% to 5.7%, while Hispanic women saw an increase from 4.1% to 4.5%. Overall, the national unemployment rate rose to 4.1%, from 4.0% last month. In contrast, unemployment rates for men in all three racial groups declined. The rate for white men fell to 3.2 percent from 3.4 percent,…

Microsoft has responded forcefully to Delta Airlines’ allegations following a significant IT outage, saying the airline repeatedly rejected its offers of assistance. Microsoft responded to Delta’s claims Tuesday after the airline announced its intention to seek damages from Microsoft and CrowdStrike over thousands of flight cancellations caused by a major IT outage. The incident, which began July 19, stemmed from a failed CrowdStrike software update that affected millions of Microsoft Windows systems, resulting in losses for Delta of about $500 million, according to CEO Ed Bastian. Bastian stressed that Delta, known for its punctuality and premium services, had “no choice”…

With just four weeks to go in the NASCAR Cup Series regular season, the action on the track will be intense as drivers battle for a spot in the playoffs. Cup drivers will travel to Richmond, Mich., Daytona and Darlington before the 16-driver playoff field is determined. Twelve drivers have secured at least one win this year (Austin Cindric, Kyle Larson, Brad Keselowski, Chase Elliott, Denny Hamlin, Ryan Blaney, Christopher Bell, Joey Logano, William Byron, Tyler Reddick, Alex Bowman and Daniel Suarez), leaving four spots up for grabs. In addition to the main focus on who will make the playoffs,…

Disney is set to raise subscription fees for its streaming platforms, including Disney+, Hulu and ESPN+, starting in mid-October. The company announced Tuesday that most plans for these services will see a $1-2 per month price increase. The biggest increase will be Hulu’s live TV packages, which will increase by $6 per month. For Disney+, the basic plan will now cost $9.99 per month, while the premium plan will be priced at $15.99. Hulu’s ad-supported plan will cost $9.99 per month, and the ad-free version will cost $18.99. ESPN+, which includes ads, will be priced at $11.99 per month. These…

Jenna Ellis, a former campaign lawyer for President Donald Trump, has reached an agreement to assist Arizona prosecutors in their criminal cases against individuals accused of attempting to overturn the results of the 2020 presidential election, according to Arizona Attorney General Kris Mayes. In exchange for Ellis’s cooperation, prosecutors dropped nine felony charges against her, including wire fraud, forgery and conspiracy. The deal is intended to strengthen the case against the 17 remaining defendants. “This settlement marks an important milestone in our ongoing investigation,” Mayes said in a statement. “I appreciate Ms. Ellis’ willingness to assist in our prosecution efforts.”…

The stock market is seeing significant fluctuations today, with several major companies experiencing notable mid-day moves. Major players making headlines include Robinhood, Nvidia, Intel, and a few other major stocks. Here’s a closer look at what’s driving these changes: Robin Hood: The trading platform's shares are on the move following recent announcements that have impacted its user engagement and financial outlook. Nvidia:The tech giant is seeing activity as investors react to the latest developments in artificial intelligence technology and demand for semiconductors. Intel:The semiconductor manufacturer is experiencing fluctuations in its stock price due to new product launches and competition in…