76ers sign Paul George, secure Maxey extension, set championship aspirations
Sports

76ers sign Paul George, secure Maxey extension, set championship aspirations

More news - Recent news PHILADELPHIA — Tyrese Maxey was patient. Despite the uncertainty, he waited, and now the Philadelphia 76ers have rewarded him handsomely. A year ago, the 76ers asked Maxey to delay signing a contract extension, promising that it would be worth it. At the time, Maxey was not yet an All-Star and had not scored 50 points in a game. The delay allowed the team to effectively manage the salary cap, entering free agency with about $65 million to spend. This strategic move paid off when the 76ers acquired Paul George from the Los Angeles Clippers on a four-year, $212 million deal. Maxey, the NBA’s Most Improved Player, also received his due: a five-year, $204 million extension. With these signings, the 76ers have committed more than $400 million to two players they beli...
AMC Reports Second-Quarter Revenue, Profit Drop Amid Strike-Related Movie Delays
Business

AMC Reports Second-Quarter Revenue, Profit Drop Amid Strike-Related Movie Delays

More news - Latest news NEW YORK — AMC Entertainment on Wednesday warned investors of significant declines in key second-quarter financial metrics that led to a more than 7% drop in its stock price. The company attributed the decline to the actors' and screenwriters' strikes of the previous year, which led to fewer film releases and the resulting "weakness" in the quarter ended June 30. Preliminary results show AMC’s revenue fell more than 23% to $1.03 billion. The company also expects to report a net loss of $32.8 million, a stark contrast to the $8.6 million profit it reported in the second quarter of 2023. Full financial results are due on August 2. “As we anticipated and previously communicated, the prolonged actor and writer strikes of 2023 have significantly reduced the number of...
Alphabet Hits Revenue Goals But Fails to Match YouTube Ad Revenue
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Alphabet Hits Revenue Goals But Fails to Match YouTube Ad Revenue

Related media - Latest news Google parent company Alphabet reported its second-quarter results after the market closed on Tuesday, meeting analysts’ expectations for revenue and profit but falling short on YouTube advertising revenue. Following the announcement, Alphabet shares rose about 1% in after-hours trading. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings: $1.89 per share vs. $1.84 per share expectedRevenue: $84.74 billion vs. $84.19 billion expectedAdditional key figures tracked by Wall Street: YouTube Ad Revenue: $8.66 Billion vs. $8.93 Billion, According to StreetAccountGoogle Cloud Revenue: $10.35 Billion vs. $10.20 Billion, According to StreetAccountTraffic Acquisition Cost (TAC): $13.39 billion vs. $13.54 billion according to StreetAcc...
Top Stock Moves in After-Hours Trading: Cleveland-Cliffs, Nucor, NXP Semiconductors and More
Business

Top Stock Moves in After-Hours Trading: Cleveland-Cliffs, Nucor, NXP Semiconductors and More

More news - Latest news Several stocks have seen significant price movements after the market close. Below is a summary of the most significant movers in after-hours trading. Cleveland Cliffs (CLF) Cleveland-Cliffs saw a substantial increase in its stock price after reporting better-than-expected quarterly earnings. The company's strong performance was driven by higher steel prices and increased demand from the auto sector. Investors reacted positively to the news, sending the stock up more than 5%. Nucor (NUE) Nucor shares also rose in extended trading, buoyed by a solid earnings report that highlighted strong demand in its core markets. The steelmaker’s results beat Wall Street estimates, leading to a 4% jump in its stock price. The company cited increased infrastructure spending and ...
The five-year impact of the new free kick rule in football
Sports

The five-year impact of the new free kick rule in football

More news - News 24 hours In the fall of 2017, free kicks began to be considered a real offensive tool. After his purchase from Benfica, it quickly became clear that Manchester City goalkeeper Ederson possessed a left leg more akin to a catapult than a human limb, capable of launching the ball 80 metres over the opposition defence to create a goal-scoring opportunity. Teams were baffled by this tactic, as they had never seen it before. City's entire attacking trio positioned themselves 20 metres beyond the opposition's goal line, confident that they could not be offside from a goal kick. @SamLee (@SamLee)"This set-up of City's free kick is brilliant. The players are spread out all over the pitch; the opposition have no idea whether the pass will be short, into the big hole in ...
Caeleb Dressel’s Journey to Rediscovering His Passion for Swimming
Sports

Caeleb Dressel’s Journey to Rediscovering His Passion for Swimming

Related media - Breaking news Caeleb Dressel's extraordinary performance, winning seven gold medals, may paint the image of a champion without problems, but the reality of his swimming journey tells a different story. Despite his unparalleled success, Dressel has had to contend with the intense pressures of the sport. Widely regarded as one of the world’s best swimmers, Dressel holds the world record in the men’s 100-meter butterfly, a title he took from Michael Phelps in 2019 and then bettered at the Tokyo Olympics, where he won five gold medals. But even those accomplishments have failed to shield him from disappointment. Dressel was consumed by perceived failures, whether it was a turn, the finish line, or the lead. Winning gold and helping Team USA dominate the medal count...