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☆ A Relationship That Transcends Analytics
▼ + stars: | 2023-07-30 | by ( Matt Martell | ) www.nytimes.com time to read: +1 min

The weeks leading up to Major League Baseball’s trading deadline are always tense. Every team has to evaluate where they are in the standings, what the organization’s long-term outlook is and how much could be changed by acquiring a few veterans. Along the way, players are left to ponder what moves their teams will make and whether they will soon be on the move. Not knowing which city they will be living in the following week can be overwhelming, even for professional ballplayers. Those challenges are universal, but they are heightened whenever a catcher is involved.

Organizations: Major League Baseball’s, Mets

☆ The Atlanta Braves team is a stock you can buy and sell. Top execs describe what moves the shares
▼ + stars: | 2023-07-26 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"I think it gives shareholders an opportunity to feel like they're direct owners of the Braves," Liberty Media CEO Greg Maffei said Wednesday on CNBC's " Squawk on the Street ." Atlanta Brave Holdings encompasses the baseball team and its real estate development known as The Battery, which includes its ballpark, Truist Park. The newly public stock has dipped less than 1% to trade around $44 apiece since its first day of trading. The Formula One tracking stock hit an all-time high last month. The executive said profits of the franchise will continue to be driven by operations on the field and of the real estate.

Persons: Major League Baseball's, BATRA, Greg Maffei, We've, we've, Derek Schiller, Maffei, They're, Fanduel Sportsbook, Ronald Acuña Jr, He's Organizations: Atlanta Braves, Major League, Nasdaq, Liberty Media Corp, Braves, Liberty Media, Holdings, Turner Broadcasting, Major League Baseball

Puma is likely to benefit less from the trend than Adidas because its terrace range doesn't have as much name recognition, said Adam Cochrane, analyst at Deutsche Bank. Investors will be pushing Puma and Adidas on broader strategies to navigate weak consumer demand at second-quarter results on July 26 and Aug. 3 respectively. Adidas, however, has got a big boost from selling some of its stock of discontinued Yeezy shoes. On Monday it slashed its expected 2023 operating loss to 450 million euros from 700 million euros, citing unexpectedly strong Yeezy sales. "However, the cost to compete for sportswear brands is very high, and barriers to entry are low, making retailers quite vulnerable to 'boom and bust' cycles as trends change," said Aubin.

Persons: Benoit Tessier, Adam Cochrane, it's, Robert Schramm, Fuchs, Janus Henderson, Bjorn Gulden, Edouard Aubin, Morgan Stanley, Aubin, Helen Reid, Linda Pasquini, Susan Fenton Organizations: Adidas, REUTERS, Puma, Nike U.S, Nike, Google, Deutsche Bank, Investors, Defamation, Thomson Locations: Lafayette, Paris, France, U.S, China, North America, London, Gdansk

☆ 3 trends that will redefine sports media as the industry reckons with layoffs, AI, and more
▼ + stars: | 2023-07-25 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +8 min

More news jobs have already been cut this year than in all of 2022 and 2021, per a firm that tracks layoffs. Industry experts explain the three media trends that could replace traditional sports journalism. Wiacek said that the 18- to 30-year-old demographic is key for traditional media organizations, yet the hardest to reach. "The more traditional media outlets are trying to find ways of attracting that audience," Wiacek said. Hanlon said team communications are essential for growing leagues like the NWSL that can't wait around for classic media coverage to pour in, especially in local markets.

Persons: Andy Challenger, It's, Challenger's, Challenger, Conrad Wiacek, Wiacek, Pat McAfee, CJ McCollum, McAfee, famer David Ortiz, JJ Redick, isn't, Tim Hanlon, Hanlon, They're Organizations: ESPN, New York Times, Sports Illustrated, Warner Bros, The Athletic, NFL Media, Times, Los Angeles Times, Industry, Sports, YouTube, Indianapolis Colts, NBA, famer, Leagues, MLS, LA Times, Associated Press, Minor League Baseball Locations: FanDuel, pickleball

☆ Kylian Mbappé: NBA stars joke about superstar’s reported salary offer from Saudi club Al Hilal
▼ + stars: | 2023-07-25 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

It’s a proposed deal which reportedly includes a staggering $775 million salary packet for the 24-year-old Mbappé. News of the offer spread through social media on Monday and caught the attention of the NBA’s biggest stars. Milwaukee Bucks star Giannis Antetokounmpo posted a picture of himself to Twitter, with the caption: “Al Hilal you can take me. It’s a figure dwarfed by the earnings that Mbappé would reportedly receive for one season at Al Hilal. CNN has reached out to PSG, Al Hilal and Mbappé’s representatives for comment.

Persons: Saint Germain, Al Hilal, It’s, Giannis Antetokounmpo, “ Al Hilal, ” Al Hilal, e nch ca, “ Organizations: CNN, PSG, Saudi, Milwaukee Bucks, Twitter Locations: Paris, Saudi Arabian, Al

☆ ESPN held talks with NBA, NFL and MLB in search for strategic partner, sources say
▼ + stars: | 2023-07-21 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

ESPN has held preliminary discussions with the NFL, NBA and MLB about a variety of new partnerships and investment structures, the people said. Spokespeople for ESPN, the NFL and MLB declined to comment. The NBA and Disney have broached many potential structures around a renewal of media rights, the people said. Iger said last week in an interview with CNBC's David Faber that Disney is looking for a strategic partner for ESPN as it prepares to transition the sports network to streaming. Superficially, it may make less sense for the NBA, NFL and MLB which sign lucrative media rights deals with many media partners that fuel team revenue and player salaries with a range of media companies.

Persons: LeBron James, Bob Iger, Jimmy Pitaro, Spokespeople, RedZone, Iger, CNBC's David Faber, Faber, I'm Organizations: Los Angeles Lakers, LA Clippers, ESPN, Disney, National Football League, National Basketball Association, Major League Baseball, NFL, NBA, MLB, NFL Network, NFL.com, Warner Bros, Discovery, Hearst, Professional, Comcast, Amazon, Paramount Global, Apple Locations: Lake Buena Vista , Florida, Fox

ESPN has held talks with some of the most powerful leagues in professional sports, including the National Football League, the National Basketball Association and Major League Baseball, about taking a minority stake in its business. Disney’s chief executive, Robert A. Iger, said in a CNBC interview last week that the company was “looking for strategic partners” that could help ESPN with either distribution or content. “But we want to stay in the sports business,” said Mr. Iger, whose contract with Disney was recently extended through 2026. Selling a stake in ESPN could give Disney a cash infusion as it faces pricey renewals with sports leagues including the N.B.A., which is sure to demand a premium for the rights to show its games in the coming years. Hearst, the owner of magazines like Cosmopolitan and information services like Fitch Group, owns a minority stake in ESPN.

Persons: Robert A, ”, Iger, Hearst Organizations: ESPN, National Football League, National Basketball Association, Major League Baseball, Walt Disney Company, Disney, CNBC, Cosmopolitan, Fitch Group

☆ The Grim Reaper is coming for the sports desk. Here's what industry experts say could take its place.
▼ + stars: | 2023-07-20 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +7 min

Industry experts explain the three media trends that could replace traditional sports journalism. But Challenger and other experts say the demand for sports content isn't going anywhere: it's just going to look, and sound, a little different. Wiacek said that the 18- to 30-year-old demographic is key for traditional media organizations, yet the hardest to reach. "The more traditional media outlets are trying to find ways of attracting that audience," Wiacek said. Hanlon said team communications are essential for growing leagues like the NWSL that can't wait around for classic media coverage to pour in, especially in local markets.

TOKYO, July 19 (Reuters) - Japan needs to rapidly expand computing power as it vies to become a global leader in artificial intelligence, said Hideki Murai, a special AI adviser to Prime Minister Fumio Kishida. "The government's key priority is computing power. We feel a real sense of crisis about that," Murai, a ruling Liberal Democratic Party lawmaker who heads the government's AI strategy team, told Reuters in an interview on Tuesday. Japan, the world's third-largest economy, has been slow to invest in the field, and lags the United States in AI computer infrastructure. Some 3,000 companies in Japan have access to a supercomputer at the government's National Institute of Advanced Industrial Science and Technology (AIST) offering 0.8 exaflops of computing power.

Persons: Hideki Murai, Fumio Kishida, OpenAI, Murai, Shohei Ohtani, Tim Kelly, Sam Nussey, Miho Uranaka, Sam Holmes Organizations: Liberal Democratic, Reuters, government's National Institute of Advanced Industrial Science, Technology, Microsoft, Japan's Ministry of Economy Trade, Industry, SoftBank Corp, AIs, Japan, Major League, European Union, Thomson Locations: TOKYO, Japan, United States, AIST, European

☆ Biden meets labor organizers from Starbucks, Minor League Baseball
▼ + stars: | 2023-07-18 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

WASHINGTON, July 17 (Reuters) - President Joe Biden and Senator Bernie Sanders met with young labor organizers from Starbucks and Minor League Baseball among others at the White House on Monday as a growing number of worker strikes grip the country. In a tweet on Monday night, Biden said he and Sanders met with young labor leaders to discuss their fight for better pay and benefits. And organizing or joining a union - that's democracy in action," Biden tweeted. Administration officials in Monday's meeting included Acting Secretary of Labor Julie Su, White House National Economic Council Director Lael Brainard, and White House Director of Governmental Affairs Tom Perez, the official said. Biden, who is often referred to as the most pro-union president in U.S. history by labor leaders, had a similar meeting with union activists from Amazon and Starbucks at the White House last year.

Persons: Joe Biden, Bernie Sanders, Biden, Sanders, Karine Jean, Pierre, Labor Julie Su, Lael Brainard, Tom Perez, Nandita Bose, Sonali Paul Organizations: Starbucks, Minor League Baseball, White, Apple, House Press, Labor, National Economic, Governmental, Amazon, Thomson Locations: U.S, dockworkers, Washington

☆ Biden to meet labor organizers from Starbucks, Minor League Baseball
▼ + stars: | 2023-07-17 | by ( Nandita Bose | ) www.reuters.com time to read: +1 min

WASHINGTON, July 17 (Reuters) - President Joe Biden and Senator Bernie Sanders will meet young labor organizers from Starbucks and Minor League Baseball among others at the White House on Monday as a growing number of worker strikes grip the country. Biden and Senator Sanders, who chairs a committee on labor issues, are expected to congratulate organizers for the work they have done and discuss the president's "belief that worker power is essential to growing the economy from the middle out and bottom up," White House Press Secretary Karine Jean-Pierre said. Administration officials in Monday's meeting include Acting Secretary of Labor Julie Su, White House National Economic Council Director Lael Brainard, and White House Director of Governmental Affairs Tom Perez, the official said. Biden, who is often referred to as the most pro-union president in the history of the United States by labor leaders, had a similar meeting with union activists from Amazon and Starbucks at the White House last year. Reporting by Nandita Bose in Washington; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Bernie Sanders, Biden, Sanders, Karine Jean, Pierre, Labor Julie Su, Lael Brainard, Tom Perez, Nandita Bose, Sonali Paul Organizations: Starbucks, Minor League Baseball, White, Apple, House Press, Administration, Labor, National Economic, Governmental, Amazon, Thomson Locations: U.S, dockworkers, United States, Washington

☆ I'm a Gen Zer who chose a European college over the Ivy League because I could get a master's in less time and for less money than in the US
▼ + stars: | 2023-07-17 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

She chose St Andrew's University in Scotland because in four years she'd finish with a master's. She attended the University of St Andrews, in Scotland, from 2017 to 2021. At all of them, I was speaking with recruiters and coaches about joining their water polo teams. I ultimately narrowed it down to two colleges in the UK: King's College in London and St Andrews in Scotland. Plus, nearly 40% of the St Andrews student population is international, with lots of American students.

Persons: Nicole Thompson, Thompson, Louis, —, Europe Thompson, Brown, Ivy —, I'd, Andrew's, Prince Will, St Andrews, America Thompson, It's, let's Organizations: St Andrew's University, Service, University of St, Junior Olympics, King's College, St, St Andrews, Arts Locations: Scotland, Wall, Silicon, San Francisco, University of St Andrews, Australia, Utah, Missouri, Thailand, St, Europe, London, St Andrews, America, California

The cold calls and text messages started arriving on Jan Van Winckel’s phone a couple of months ago, and they have not stopped. They come at a rate of about 10 a day, he said, a steady stream of hope-you’re-wells and long-time-no-speaks from old acquaintances, archived contacts, friends of friends of friends. That is what makes him valuable to agents, brokers and executives pinging his phone, over and over, all asking for the same thing: an introduction to a Saudi club president, a connection to an official at the Saudi Pro League, the phone number of someone, anyone, who might be able to help them stake their claim in soccer’s new gold rush. In the first week of June, Saudi Arabia’s soccer authorities and its sovereign wealth fund announced an audacious plan to transform the game in the kingdom: The Public Investment Fund, they announced, would take control of four of Saudi Arabia’s most prominent teams, and hundreds of millions of dollars would be made available to buy some of the game’s biggest stars. And in that moment, even before the first checks were cut, the Pro League became one of the most appealing destinations in the world.

Persons: Jan Van Winckel’s, Van Winckel Organizations: United Arab, Saudi Pro League, Public Investment Fund, Saudi, Pro League Locations: United Arab Emirates, Saudi Arabia, Saudi

☆ An Unlikely Hero Emerges to End an All-Star Losing Streak
▼ + stars: | 2023-07-12 | by ( Tyler Kepner | More About Tyler Kepner | ) www.nytimes.com time to read: +1 min

If he could have scaled Mount Rainier to spread the message from on high, Rob Manfred surely would have. “What do they call it — a virtuous cycle, right?” Manfred said Tuesday afternoon, before the 93rd edition of the All-Star Game. “The rule changes are good, the players stay positive, it makes the fans even more positive about them because the players are positive about them. So it’s really been great for us.”On one point, though, Manfred acknowledged that baseball had simply caught a break. “The culmination of Ohtani and Trout, you can’t plan that.”

Persons: Rob Manfred, Manfred, ” Manfred, it’s, ”, Mike Trout Organizations: Major League Baseball, Los Angeles Angels, Japan Locations: Rainier, “

The PGA Tour on Tuesday defended its controversial deal with the Saudi-backed LIV Golf league before senators, as scrutiny of the agreement intensifies. Representatives from LIV Tour and Saudi Arabia's Public Investment Fund wasn't present at the hearing because CEO Greg Norman is out of the country, according to a spokesperson. PGA Tour operating chief Ron Price and policy board independent director Jimmy Dunne testified before the Senate Homeland Security Committee's subcomittee on investigations. Dunne and Price said they believed the PGA Tour would benefit the most from the proposed deal. The PGA Tour would manage competitions, and has said it is leading the negotiations to reach a finalized deal.

Persons: LIV, Greg Norman, Ron Price, Jimmy Dunne, Dunne, Price, Yasir Al, Rumayyan, Sen, Richard Blumenthal, Conn, It's, Blumenthal, Norman, Ron Johnson, Johnson, CNBC's Organizations: LIV Golf, LIV Tour, Saudi Arabia's Public Investment Fund, PGA Tour, Senate Homeland Security, Comcast, Paramount Global, Disney, Warner Bros, Capitol, PIF Locations: Saudi, American, Yemen

☆ Shohei Ohtani: MLB two-way superstar entering ‘uncharted waters’ on brink of record-breaking contract
▼ + stars: | 2023-07-11 | by ( Sahil Kurup | ) edition.cnn.com time to read: +8 min

“The figures you hear mentioned, whether that be $50 million, $60 million, he will set a new standard. This season, he’s currently in the top three in both categories — Ohtani is doing things previously thought to be inconceivable in the sport. Steph Chambers/Getty Images“[Ohtani] increases interest in Japanese baseball — who’s going to be the next Ohtani?” Fellenzer said. It increases interest in Japanese baseball here. Ohtani receives his 2021 American League MVP trophy alongside his teammate and three-time MVP outfielder Mike Trout.

Persons: Shohei Ohtani, –, he’s, Jeffrey Fellenzer, Ohtani, Tim Heitman, “ Sho, ”, He’s, Dusty Baker, Yu Darvish, Hideo Nomo, Scott Miller, “ Nobody, Babe Ruth, Ruth, Steph Chambers, ” Fellenzer, Tommy John, — Ohtani, “, ” Ohtani, Mike Trout, Phil Nevin, we’ve, ” Nevin Organizations: CNN, ” University of Southern, CNN Sport, ”, Pacific League, Major League Baseball, LA Times, Los Angeles Angels, New York, Texas Rangers, ” Houston Astros, peerless, Los Angeles Dodgers, The Dodgers, Hokkaido, Ham Fighters, Dodgers, Seattle Mariners, Angels, MLB, American League, Kyodo, White Sox Locations: ” University of Southern California, America, Hokkaido Nippon, Japan

☆ MLB All-Star Game, baseball cards, are first big test of Fanatics livestream shopping experience
▼ + stars: | 2023-07-10 | by ( Ian Thomas | ) www.cnbc.com time to read: +5 min

(Photo by Justin Berl/Getty Images)Fanatics' first livestream shopping event will feature collectors opening baseball trading card packs on the field during this week's Major League Baseball All-Star Game events in Seattle. The sports platform's new business division, which is called Fanatics Live, is centered around live shopping experiences during which users will be able to buy trading cards and other collectibles on the Fanatics Live app while watching streams of hosts and other collector sellers. "Our intention is to have Fanatics Live be the leader in the live commerce space," Bell said. Livestream shopping, which got its start in China and across Asia, has grown into a $512 billion market, according to Coresight Research. Bell acknowledged the challenges for livestream shopping in the U.S. but said he sees them as an opportunity.

Persons: Justin Berl, Nick Bell, Bell, — Bell, —, Chris Lamontagne, Scott Rogowski, Michael Rubin, – Bell Organizations: Pittsburgh Pirates, Milwaukee Brewers, PNC Park, Major League Baseball, Google, Mobile, Research, eBay, Facebook, QVC, U.S, Meta, CNBC Disruptor Locations: Pittsburgh , Pennsylvania, Seattle, U.S, China, Asia

☆ M.L.B. Draft Trades Magic for Efficiency
▼ + stars: | 2023-07-07 | by ( Tyler Kepner | More About Tyler Kepner | ) www.nytimes.com time to read: +1 min

On Sunday in Seattle, for the fourth year in a row — enough for a full class of college prospects — Major League Baseball will hold a streamlined version of its amateur draft. From an event with unlimited rounds to one with 50 rounds, then 40, and now just 20, the draft is exclusive and efficient, in keeping with baseball’s restructured minor league system. But efficiency has a cost: the countless long-shot careers that may never be realized. Dozens of current major leaguers turned pro after being drafted in rounds that no longer exist. Chosen 941st overall from a community college in Illinois, he has won three Gold Gloves, played in the World Series and earned more than $60 million in an 11-year career.

Persons: ”, Kevin Kiermaier, ” Kiermaier Organizations: — Major League Baseball, baseball’s, Toronto Blue Jays, Tampa Bay Rays Locations: Seattle, Illinois

☆ Jimmy Cordero: New York Yankees pitcher suspended for the season after violating MLB’s domestic violence policy
▼ + stars: | 2023-07-06 | by ( David Close | ) edition.cnn.com time to read: +1 min

CNN —Following an investigation, Major League Baseball (MLB) announced the suspension of New York Yankees pitcher Jimmy Cordero for the remainder of the 2023 season, including any postseason games, for violating the league’s Domestic Violence, Sexual Assault and Child Abuse Policy. MLB said Cordero accepted the suspension and the immediate placement on the league’s restricted list. “There is no justification for domestic violence, and we stand with the objectives, standards and enforcement of MLB’s Joint Domestic Violence, Sexual Assault and Child Abuse Policy,” a team statement read Wednesday. The right handed reliever has appeared in 31 games for the Yankees this season. MLB said Cordero will “participate in a confidential and comprehensive evaluation and treatment program” supervised by the MLB and MLBPA approved Joint Policy Board.

Persons: Jimmy Cordero, Cordero, ” Organizations: CNN, Major League Baseball, New York Yankees, MLB, Yankees, Major League Baseball Players, Board

☆ Smoke will keep pouring into the US as long as fires are burning in Canada
▼ + stars: | 2023-07-01 | by ( Alaa Elassar | ) edition.cnn.com time to read: +17 min

Massive fires burning in remote areas – like some of those currently burning in northwestern Quebec – are often too out of control to do anything about. Ed Jones/AFP/Getty Images Smoke from wildfires in Canada shrouds the view of the Statue of Liberty on Friday in New York. Jim Watson/AFP/Getty Images Smoke and haze is seen from the Lincoln Memorial in Washington, DC, on Tuesday, June 27. Matt McClain/The Washington Post/Getty Images Smoke from Canadian wildfires obscures the visibility in Pittsburgh on June 8. Another issue is the increase in the wildfires are caused by climate change, and are simultaneously making climate change worse.

Persons: ” Robert Gray, you’ve, they’re, “ There’s, don’t, ”, Daniel Perrakis, ” Gray, Shiraaz Mohamed, Gray, “, ” Perrakis, Ed Jones, David Dee Delgado, Gary Hershorn, Haze, Gene J, Jim Watson, Megan Smith, Kamil Krzaczynski, Cpl Marc, Andre Leclerc, Drew Angerer, Shannon Stapleton, Ronald Reagan, Saul Loeb, Matt McClain, Emmalee Reed, Hannah Beier, Mandel Ngan, New York City, Timothy A, Clary, Mike Segar, John Minchillo, Shanita Hancle, Seth Wenig, Matt Rourke, Ting Shen, Matt Slocum, Amr Alfiky, John Meore, Leah Millis, George Washington, Peter Carr, Yuki Iwamura, Kareem Elgazzar, Carlos Osorio, Frank Franklin II, Merrily Cassidy, Spencer Colby, Jason Rock, BJ Fuchs, Anne, Sophie Thill, we’ve, it’s Organizations: CNN, Canadian Forest Service, Firefighters, Getty, ” “, Nature Conservancy, Rockefeller Center, North, Corbis, PNC Park, Major League Baseball, Pittsburgh Pirates, San Diego Padres, Traffic, Chesapeake, Lincoln Memorial, USA, People, Canadian Forces, Reuters, BC, Service, Xinhua, Ronald Reagan Washington National Airport, Washington Post, Bloomberg, Capitol, Trade, AP Transit, T, Alberta Wildfire, New, New York City, Getty Images Workers, Citizens Bank, Philadelphia Phillies, New York Yankees, Empire, George Washington Bridge, New York State Thruway, Cincinnati Enquirer, Cape Cod Times, Anadolu Agency, Canadian Press, AP, Wildfire Service, Communications, Space, NASA, Reuters Firefighters, Kamloops Fire Rescue, Shining Bank Locations: Wisconsin, Vermont, North Carolina, Canada, Quebec, Canadian, British Columbia, Alberta, Ontario, Mexico, Costa Rica, Chile, Spain, Australia, New Zealand, South Africa, South Korea, France, AFP, New Jersey, Manhattan, New York, North America, New, Pittsburgh, Stevensville , Maryland, Washington ,, Chicago, Lake Michigan, Mistissini, Ronald Reagan Washington, Arlington , Virginia, Washington, Philadelphia, Elmont , New York, Baltimore, Evansburg , Alberta, Brooklyn , New York, Piermont , New York, Fort Lee , New Jersey, George, West Nyack, New York's, New York City, Cincinnati, Rock Harbor, Massachusetts, Cape Cod, Ottawa, Fort Nelson, Shelburne County , Nova Scotia, Communications Nova Scotia, Shelburne , Nova Scotia, Fort St, John, Kamloops, Shining Bank , Alberta, Lytton

☆ While investors can't expect a deal like former baseball star Bobby Bonilla, they can use an annuity to create a stream of income in retirement
▼ + stars: | 2023-07-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Infielder Bobby Bonilla of the MLB's New York Mets at a game against the Los Angeles Dodgers at Dodger Stadium, July 25, 1993. Stephen Dunn | Getty Images Sport | Getty ImagesFormer Major League Baseball player Bobby Bonilla collects a $1,193,248.20 check from the New York Mets every July 1, and he'll continue to do so until 2035. In fact, ever since, July 1 has been known as Bobby Bonilla Day. Annuities provide a guaranteed stream of incomeAn annuity is a lump sum of money, often taken out of a retirement plan, which is converted into a future stream of income, or annuitized. The allure for investors is a guaranteed stream of income, much similar to Social Security or pensions.

Persons: Bobby Bonilla, Stephen Dunn, hasn't, Bonilla, they've, Louis Barajas, Limra, Barajas Organizations: New York Mets, Los Angeles Dodgers, Dodger, Getty, Major League Baseball, Mets, International Private Wealth, CNBC's, Finance, Social Security, ., Barajas, American Council of Locations: Irvine , California, Barajas

☆ New professional women's league set to launch in 2024
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Julia Nikhinson/File PhotoJune 30 (Reuters) - A new professional women's ice hockey league will launch in January 2024, bringing together the world's best players in a unified league, it was announced on Friday. News of the league ends a long-running divide between the Professional Women's Hockey Players Association (PWHPA) and the seven-team Premier Hockey Federation (PHF). Established in 2015 as the National Women's Hockey League, the NWHL rebranded to become the PHF in 2021 and its teams competed each year for the Isobel Cup. The deal has also grabbed the attention of the National Hockey League (NHL), which has long said it would not provide fiscal support so long as there were two competing leagues. "The National Hockey League congratulates the Professional Women's Hockey Players' Association and the Premier Hockey Federation on their agreement," the NHL said in a statement.

Persons: Billie Jean King, Biden, Narendra Modi, Julia Nikhinson, Mark Walter, Kemba, Walter, King, Kendall Coyne Schofield, Frank Pingue, Ken Ferris Organizations: India's, White, REUTERS, Professional, Hockey Players, Premier Hockey Federation, Major League Baseball's Los Angeles Dodgers, National Women's Hockey League, Canadian, Women's Hockey League, National Hockey League, Players, Association, NHL, Thomson Locations: Washington , U.S, Toronto

☆ Thomson Reuters to buy digital content management company Imagen
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

[1/3] The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly/File PhotoJune 28 (Reuters) - Thomson Reuters (TRI.TO) will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers, the news and information company said on Wednesday. Britain-based Imagen, which owns the Screenocean video distribution platform, operates digital content libraries for sports, media and business companies including Premier League soccer and Major League Baseball. "Our belief is that our agency business needs to evolve to be a tech-enabled content delivery (business)," Reuters President Paul Bascobert said in an interview. On Monday, Thomson Reuters said it agreed to buy Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI, for $650 million.

Persons: Andrew Kelly, Imagen, Paul Bascobert, Bascobert, Thomson, Kenneth Li, Lisa Shumaker Organizations: Thomson Reuters, REUTERS, Premier League soccer, Major League Baseball, Reuters News, Reuters, Reuters Connect, BBC, USA, Thomson Locations: Square , New York, U.S, Britain, California, New York

☆ Coming to a US city near you: An 825-pound Alex Morgan statue
▼ + stars: | 2023-06-28 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

[1/2] United States soccer player Alex Morgan poses in front of a statue of her at Dignity Health Sports Park in Carson, California, U.S. June 27, 2023. REUTERS/Amy Tennery/File PhotoLOS ANGELES, June 27 (Reuters) - Fans wishing to snap a picture with U.S. forward Alex Morgan will have a chance at the next best thing as a six-meter, 825-pound (375kg) statue of the soccer star hits the road ahead of the Women's World Cup. World Cup broadcaster Fox Sports conceived of the statue to promote its programming for the tournament, which kicks off on July 20 in Australia and New Zealand. Known as 'Liberty Alex', the work is crafted from hard-coated and reinforced foam with a 3-D printed resin head and trophy, and features Morgan draped in an American flag, posing like the iconic Statue of Liberty. Morgan, who will appear in her fourth World Cup, modeled the flag in an April photoshoot.

Persons: Alex Morgan, Amy Tennery, Alex, Morgan, Robert Gottlieb, Gottlieb, Peter Rutherford Organizations: United, Dignity Health Sports Park, REUTERS, Fox Sports, Liberty . Fox Sports, Major League Baseball, Reuters, Thomson Locations: United States, Carson , California, U.S, Australia, New Zealand, Seattle, New York City, Los Angeles

☆ Luis Arraez Is Chasing One of Baseball’s Sacred Feats and Sports Divinity
▼ + stars: | 2023-06-27 | by ( Kurt Streeter | ) www.nytimes.com time to read: +1 min

Arraez, a Venezuelan who is 5 feet 10 inches, is chasing more than a match of Williams, who finished that ’41 season with a .406 average. In 1947, Jackie Robinson broke baseball’s color line, which had been in place since the 19th century. No player has ever finished a season batting at or above .400 since Major League Baseball became an integrated game. Consider the ancient Greeks. And just as we are today, the ancient Greeks were obsessed with reputation.

Persons: Williams, Arraez, Jackie Robinson, Milo of, ”, David Lunt, “ Organizations: Major League Baseball, Southern Utah University Locations: Venezuelan, Athens, Milo of Croton

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