3 d. ago SoftBank shares dive after Nvidia sale puts AI valuations in spotlight – business live

Rolling coverage of the latest economic and financial news, as investors ponder AI valuations and SoftBank’s growing funding demands for OpenAIJapan’s government is growing anxious about its weakening currency.The yen, which has been generally weakening since the start of October, is approaching the significant level of ¥155 to the dollar, a point where Toyko has intervened in the markets before“We’re seeing one-sided, rapid currency moves of late.The government is watching for any excessive and disorderly moves with a high sense of urgency.”The reopening of the U.S. government has been a bittersweet elixir for the greenback.On one hand, risk is back on — stocks have caught a second wind, buybacks are flowing, and high-beta FX like AUD are catching the same tailwinds that power stocks. On the other hand, the same optimism that revives equity appetite also reawakens the yen’s old nemesis: carry.“We have delivered a resilient performance thanks to the hard work of our teams on the gro...

Economics

5 d. ago Dear Coleen: Friends disowned me after I told them about pal's affair

Someone I trust told me this friend had been seeing a married guy, so I told a few people from the group and this information spread to more people.

Politics

1 week ago Andrew Wiggins: how a shy NBA player negotiated growing up a star in the social media era

In an extract from his new book on the rise of Canadian basketball, Oren Weisfeld examines the pressures of being a teenage star in the modern gameAndrew Wiggins was among the first superstar prospects of the social media era. Born in Thornhill, Ontario just north of Toronto, Wiggins was known internationally by the time he was 13. It wasn’t always easy for the shy, small-town kid to embrace the spotlight.After just one full season at Vaughan, Wiggins needed better competition than Canada could provide and moved on to Huntington Prep in Huntington, West Virginia — a relatively new prep school set in a small, blue-collar, sports-oriented college town near Kansas.This is an edited extract from The Golden Generation: How Canada Became a Basketball Powerhouse by Oren Weisfeld. It’s published by ECW Press for $19.95 (USD) wherever you get your books. Continue reading...

Sport

3 w. ago A deep dive into the NBA sports betting scandal, by AP reporters

Professional basketball was stunned this week as one popular NBA Hall of Famer and head coach, a current player and a former player were arrested by federal authorities on illegal gambling charges

Politics

3 w. ago Experts say criminal intent will be key in prosecuting NBA's Billups and Rozier in gambling cases

Gambling is at the center of two blockbuster indictments targeting NBA coach Chauncey Billups and Miami Heat player Terry Rozier

Events

3 w. ago Mafia returns to center stage in NBA betting scandal that included rigged poker games

Decades after a crackdown by prosecutors decimated the ranks of the New York Mafia, the indictment of an NBA coach, a player and nearly three dozen others in a betting scandal highlights the mob’s persistence and adaptability

Politics

3 w. ago NBA gambling scandal shines harsh light on US sports’ embrace of betting

Two sweeping federal indictments have implicated big names in basketball and raised uncomfortable questions about who benefits from legalized gamblingThe NBA gambling scandal is the biggest story of the year in US sports, a culmination of the years-long embrace between professional leagues and the multibillion-dollar gambling industry that has now crossed the line from synergy into scandal.In two sweeping federal indictments unsealed in Brooklyn on Thursday, prosecutors charged more than 30 people – including the Miami Heat guard Terry Rozier, Portland Trail Blazers coach Chauncey Billups and former NBA player and assistant Damon Jones – with schemes that turned inside information and rigged card games into engines of profit for organized crime. Continue reading...

Sport

3 w. ago ‘Next Hall of Fame player arrested for illegal gambling’: Wagering site takes prop bets over NBA Mafia scandal

More than 31 people were arrested across two indictments following a sprawling FBI investigation

Sport

3 w. ago How it Worked: Bets flowed after NBA player told pal he'd skip much of game, indictment says

An indictment says gambling money flowed after NBA player Terry Rozier told a pal that he would be exiting early from a game with the Charlotte Hornets in 2023

Sport

3 w. ago Who are Chauncey Billups, Terry Rozier and Damon Jones? A look at arrested NBA player and coaches

Portland Trail Blazers coach Chauncey Billups, Miami Heat guard Terry Rozier and former Cleveland Cavaliers assistant Damon Jones were arrested Thursday in connection with a federal investigation into illegal sports betting and rigged poker games back by Mafia

Sport

3 w. ago NBA player and head coach among 30 arrested in illegal US gambling investigation

FBI says years-long operation that led to arrest of Heat’s Terry Rozier and Trail Blazers’ Chauncey Billups also connected to mafia families Miami Heat guard Terry Rozier and Portland Trail Blazers head coach Chauncey Billups have been arrested in connection with a sweeping federal investigation into illegal gambling, authorities announced on Thursday.“Today, we are here in New York to announce a historic arrest across a wide sweeping criminal enterprise,” the FBI director, Kash Patel, said at a news conference on Thursday. “This is an illegal gambling operation and sports rigging operation that spanned the course of years.” Continue reading...

Events

3 w. ago QUENTIN LETTS: Big Ange twisted her head right then left, as guileless as Little Weed between the flower pots...

One hour after PMQs, Labour MPs herded back to the Commons for a 'personal statement' from Angela Rayner , property dealer and ex-deputy PM. First appearance since her tax scandal downfall.

Politics

3 w. ago Marko Lazetic told Aberdeen non negotiable he must bring weekly as Dons pal backs him to make his mark

The former AC Milan forward produced a sublime piece of skill to snatch victory right at the death against the Buddies on Saturday

Politics

4 w. ago New Zealand v England: first men’s T20 cricket international hit by rain – as it happened

Rain washes out the first match of the series at the Hagley Oval in Christchurch3rd over: England 14-1 (Buttler 9, Bethell 2) Buttler gets a single off the first ball but Bethell can’t get off strike. Some free flowing shots go straight to the fielders and the pressure starts to rise. Play and a miss! Henry moves one off a length late and it is wafty-woo from Bethell. There we go – a tuck off the hip for two gets the youngster off the mark, that’ll settle him down a bit. Just three off the over.2nd over: England 11-1 (Buttler 7, Bethell 0) Jacob Bethell gets an early visit to the middle. Don’t mention the A word! He starts with two dots, a play and miss and a thick outside edge. Good over from Duffy and New Zealand have the better of the early exchanges. Continue reading...

Events

4 w. ago New Zealand v England: first men’s T20 cricket international abandoned due to rain – live

First T20 called off after Christchurch deluge Series remains 0-0 with two matches to play3rd over: England 14-1 (Buttler 9, Bethell 2) Buttler gets a single off the first ball but Bethell can’t get off strike. Some free flowing shots go straight to the fielders and the pressure starts to rise. Play and a miss! Henry moves one off a length late and it is wafty-woo from Bethell. There we go – a tuck off the hip for two gets the youngster off the mark, that’ll settle him down a bit. Just three off the over.2nd over: England 11-1 (Buttler 7, Bethell 0) Jacob Bethell gets an early visit to the middle. Don’t mention the A word! He starts with two dots, a play and miss and a thick outside edge. Good over from Duffy and New Zealand have the better of the early exchanges. Continue reading...

Society

4 w. ago Katie Price 'named celeb rapist during I'm A Celebrity stint in unaired scene'

Katie Price, who recently named the celebrity she alleges once raped her during one of her live shows, reportedly told pal Kerry Katona about the incident while they were in the jungle

Politics

4 w. ago ‘It’s a trickle – we need a flood’: Northern Gaza is still not seeing enough aid despite ceasefire, humanitarian agencies warn

The ceasefire agreement between Hamas and Israel has allowed more aid to flow into Gaza – but obstacles remain, particularly in the north

Events