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☆ Real sign goalkeeper Arrizabalaga on loan from Chelsea
▼ + stars: | 2023-08-14 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

Soccer Football - Premier League - Chelsea v Nottingham Forest - Stamford Bridge, London, Britain - May 13, 2023 Chelsea's Kepa Arrizabalaga during the warm up before the match REUTERS/Peter Nicholls/File PhotoMADRID, Aug 14 (Reuters) - Real Madrid and Chelsea have reached an agreement for goalkeeper Kepa Arrizabalaga's season-long loan to the Spanish club, the clubs announced on Monday. He has reportedly been targeted by Bayern Munich as the German side are seeking to replace their own injured goalkeeper, Manuel Neuer, but Real Madrid moved faster to secure the deal. Courtois joined Real from Chelsea in 2018 after winning two Premier League titles, the FA Cup and the League Cup during his time at Stamford Bridge. Real Madrid had only one other goalkeeper in their first team squad, Ukraine's Andriy Lunin. The 24-year-old Lunin has made only nine Spanish league appearances for the club since signing from Zorya Luhansk in 2018.

Persons: Kepa, Peter Nicholls, Kepa Arrizabalaga's, Thibaut Courtois, Arrizabalaga, Robert Sanchez, Manuel Neuer, Courtois, Ukraine's Andriy Lunin, Fernando Kallas, Robert Birsel Organizations: Soccer Football, Premier League, Chelsea, Nottingham Forest, REUTERS, Real Madrid, Athletic Bilbao, Brighton & Hove Albion, Bayern Munich, Real, League, FA, Stamford, Liverpool, Zorya, Leganes, Thomson Locations: Stamford, London, Britain, Real, Spanish, Paris, Zorya Luhansk, Spain, Valladolid, Oviedo

"We are confident in the legality of our nearly universally supported plan of reorganization, and optimistic that the Supreme Court will agree," the company added. Members of the Sackler family have denied wrongdoing but expressed regret that OxyContin "unexpectedly became part of an opioid crisis." They said in May that the bankruptcy settlement would provide "substantial resources for people and communities in need." In a court filing, the administration told the Supreme Court that Purdue's settlement is an abuse of bankruptcy protections meant for debtors in "financial distress," not people like the Sacklers. According to the administration, Sackler family members withdrew $11 billion from Purdue before agreeing to contribute $6 billion to its opioid settlement.

Persons: George Frey, Joe Biden's, Sackler, OxyContin, Biden, John Kruzel, Andrew Chung, Dietrich Knauth, Will Dunham Organizations: Purdue Pharma, REUTERS, WASHINGTON, U.S, Supreme, Purdue, . Trustee, The, Circuit, Thomson Locations: Provo , Utah, U.S, Stamford , Connecticut, Washington, New York

A pharmacist holds a bottle OxyContin made by Purdue Pharma at a pharmacy in Provo, Utah, U.S., May 9, 2019. At issue is whether U.S. bankruptcy law allows Purdue's restructuring to include legal protections for the Sackler family, who have not filed for personal bankruptcy. They said in May that the bankruptcy settlement would provide "substantial resources for people and communities in need." In a court filing, the administration told the Supreme Court that Purdue's settlement is an abuse of bankruptcy protections meant for debtors in "financial distress," not people like the Sacklers. According to the administration, Sackler family members withdrew $11 billion from Purdue before agreeing to contribute $6 billion to its opioid settlement.

Persons: George Frey, Joe Biden's, Sackler, OxyContin, Biden, John Kruzel, Andrew Chung, Dietrich Knauth, Will Dunham Organizations: Purdue Pharma, REUTERS, WASHINGTON, U.S, Supreme, Purdue, Circuit, U.S . Trustee, Thomson Locations: Provo , Utah, U.S, Stamford , Connecticut, Washington, New York

☆ Premier League investigating Chelsea over possible financial violations
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Chelsea's new owners self-reported a number of financial transactions during the Abramovich era to European soccer's governing body UEFA, the Premier League and the FA. "We have been pretty open about the historic issues with regard to Chelsea because they self-reported to the Premier League and to the FA so it is obvious we are looking into that," Masters told the newspaper. "If the Premier League believes a club has breached the financial regulations and there is a case to answer, that case will be put to the club." "We want due process to be served in as efficient a way as possible, as quickly as possible," Masters added. Chelsea, who finished 12th in the Premier League following a chaotic campaign, will not be competing in Europe in 2023-24.

Persons: Mauricio Pochettino, Matthew Childs, Roman, Richard Masters, Abramovich, Todd Boehly, Masters, Tommy Lund, Pritha Sarkar Organizations: Soccer Football, Chelsea, Premier League, Britain's Times, Clearlake, UEFA, Times, London, Thomson Locations: Stamford, London, Britain, American, Russian, Ukraine, Moscow, Chelsea, Europe, Gdansk

☆ These are the top 10 U.S. cities where New Yorkers want to move—only 1 is in California
▼ + stars: | 2023-08-08 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

New York City is one of the most expensive American cities to live in, yet people from all around the world continue to flock there. Los Angeles is the only California city to make StreetEasy's list, while Florida had three cities rank in the top 10, including Tampa and Orlando. 1 U.S. city New Yorkers are moving to: Miami, FloridaMiami's popularity among New Yorkers continues to rise and the Florida city landed the top spot of cities residents are thinking about relocating to. Alexander Spatari | Moment | Getty ImagesTop 10 U.S. cities New Yorkers are moving toMiami, Fla. Philadelphia, Pa. Stamford, Conn. Atlanta, Ga. Tampa, Fla. Boston, Mass. It is considered the most significant financial district outside New York City, according to the city's Chamber of Commerce.

Persons: Douglas, StreetEasy, Goldman Sachs, Alexander Spatari, Sean Pavone, it's, Ned Lamont Organizations: New, Yorkers, Elliot Management, Fla ., Washington D.C, Philadelphia, Comcast Corporation, Toll, Burlington Stores, Burlington Stores . Philadelphia, Istock, Getty Images, Bloomberg, U.S . Postal Service, Charter Communications, city's Chamber of Commerce ., Getty Locations: Miami, Florida, New, New York City, Manhattan, The City, Yorkers, Los Angeles, California, Tampa, Orlando, U.S, United States, South Beach, Little Havana, . Miami , Florida, Fla . Philadelphia, Pa . Stamford, Conn, Atlanta, Ga, Fla, Boston, Mass, Fla . Los Angeles, Calif, Washington, East Stroudsburg, Pa, New York County, Kings County, Brooklyn, Queens County, Queens, Philadelphia, The Pennsylvania, Burlington Stores ., Getty Images Stamford , Connecticut, Connecticut, New York City for Connecticut, Stamford, city's Chamber of Commerce . Stamford , Connecticut

☆ Sun bear: World's smallest bear finally has its time in the sun. But is that a good thing?
▼ + stars: | 2023-08-05 | by ( Heather Chen | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —The world’s smallest bear is finally having its moment in the sun – thanks to a viral video that sparked a conspiracy theory on Chinese social media. “With all the media attention surrounding the (sun bear videos) we have a good opportunity to further educate ourselves to save this species.”Taronga Zoo is not alone. A sun bear inside at the Vietnam bear rescue centre, in Tam Dao national park, Vinh Phuc, Vietnam, 09 July 2019. Cubs are especially cute and docile and can be easily tamed compared to bigger and more aggressive bears, said bear expert Dave Garshelis, chair of the IUCN SSC Bear Specialist Group. Will the viral videos actually help save these amazing bears?

Persons: Angela, ”, Wong Siew Te, Wong, Taronga zookeeper Logan Dudley, “, ” Afiqah Nasir, Bosco Chan, ” Chan, Minh Hoang, Dave Garshelis, Thomas Stamford, Garshelis, Shao Zhenzhen Organizations: Hong Kong CNN, CNN, Sun Bear Conservation Center, Taronga Zoo, Singapore Zoo, World Wildlife Fund, Cubs, IUCN SSC Bear Specialist Group, Thomas Stamford Raffles, Singapore Locations: Hong Kong, Hangzhou, China, Sabah, Malaysia, Southeast Asia, Sydney, Australia, Vietnam, Tam Dao, Vinh Phuc, British, Indonesia, Kuala Lumpur, Singapore

☆ The 5 U.S. metro areas with the highest single-family rents — 3 are in California
▼ + stars: | 2023-08-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Downtown Los Angeles. However, financial experts warn consumers about some of the unexpected expenses. "Probably the most overlooked hidden cost is when you are looking for the next job," said certified financial planner Michael Hansen, co-founder and managing partner of Frontier Wealth Strategies in Walnut Creek, California. What you might save in dollars, you may lose in connection, collaboration and community. Eric Roberge Founder of Beyond Your Hammock

Persons: Michael Hansen, Eric Roberge Organizations: Downtown, TheCrimsonRibbon, Getty, U.S Locations: Downtown Los Angeles, Los Angeles, Long Beach , California, Anaheim , California, Diego, Carlsbad , California, Naples, Florida, Immokalee , Florida, Marco Island, Bridgeport , Connecticut, Stamford , Connecticut, Norwalk , Connecticut, Jose , California, Sunnyvale , California, Santa Clara , California, Rock , Arkansas, North, Conway , Arkansas, Montgomery , Alabama, Birmingham , Alabama, Hoover , Alabama, Louisville , Kentucky, Jefferson County , Kentucky, Indiana, Cleveland , Ohio, Elyria , Ohio, Walnut Creek , California

☆ Instant View: Fitch downgrades U.S. foreign currency ratings to 'AA+' from 'AAA'
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +9 min

The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship and ultimately lifted the government's $31.4 trillion debt ceiling. Unless they think that fiscal trajectory suggests risk of a default, which I don't think they say, I don't understand the reason for this." “So I don't think the reaction, it should surprise anyone in the markets because we've been through this before. JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET WEALTH ADVISORS IN PALM BEACH, FLORIDA"I'm surprised, but I'm not surprised." "It's really the just the troubled negotiations that take place every time we have a debt ceiling or budget negotiation.

Persons: Thomas White, Fitch, STEVEN RICCHIUTO, ” WENDY EDELBERG, I'm, JASON WARE, Fiitch, MICHAEL O’ROURKE, “, ” BERNARD BAUMOHL, Poor’s, ” MICHAEL SCHULMAN, ANGELO KOURKAFAS, EDWARD JONES, ”, MICHAEL K, FARR, That’s, ” KEITH LERNER, ” “ It’s, ERIC WINOGRAD, ALLIANCEBERNSTEIN, QUINCY KROSBY, doesn't, JACK ABLIN, it's Organizations: REUTERS, United, AAA, USA, ., OF, HAMILTON PROJECT, BROOKINGS, WASHINGTON D.C, ALBION, Fitch, AA, PRINCETON, NEW, ST LOUIS, MILLER & WASHINGTON LLC, ADVISORY, Global Finance, Markets, Thomson Locations: United States, U.S, MIZUHO, WASHINGTON, CITY , UTAH, STAMFORD , CONNECTICUT, NEW JERSEY, ATLANTA, CHARLOTTE, NORTH CAROLINA, BEACH , FLORIDA

☆ English football authorities launch measures to tackle behaviour, tragedy abuse
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +3 min

A Tottenham Hotspur fan was also banned from games for three years after making gestures mocking the Hillsborough tragedy at the Premier League match between Liverpool and Spurs in April. Liverpool called for an end to "vile chants" about the Hillsborough disaster after they were heard during April's Premier League draw with Chelsea at Stamford Bridge. 'INCREDIBLE POWER'Signatories of the new disciplinary charter include the FA, Premier League, English Football League (EFL) and Women's Super League (WSL). During the match only one person can stand at the front of the technical area and while a second person can stand they "must remain very close to the technical area seating". Nobody from the technical area can "enter the pitch to confront any match official at halftime or full-time".

Persons: Douglas Mackay, Richard Masters, Pearl Josephine Nazare, Ken Ferris Organizations: Manchester United, Manchester City, Tottenham Hotspur, Premier League, Liverpool, Spurs, April's Premier League, Chelsea, Stamford, Sports National, FA, English Football League, Super League, Academy, Thomson Locations: Hillsborough, Liverpool, Bengaluru

☆ Moderate US economic growth expected in second quarter
▼ + stars: | 2023-07-27 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

According to a Reuters survey of economists, GDP growth likely increased at a 1.8% annualized rate last quarter after rising at a 2.0% pace in the first quarter. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, likely remained a pillar of support, although the pace of growth slowed from the second quarter's robust 4.2% rate. Further contribution to GDP growth was expected from government spending. Inventory investment is a wild card, though most economists are penciling in a contribution to GDP growth of at least five tenths of a percentage point. Business sharply reduced inventory accumulation in the January-March quarter in anticipation of weaker domestic demand, slicing 2.14 percentage points off GDP growth that period.

Persons: Dean Maki, they're, Mike Skordeles, Joe Biden's, Sean Snaith, Richard de Chazal, William Blair, Lucia Mutikani, Andrea Ricci Organizations: Federal Reserve, Point72, Management, Labor Department, Truist Advisory Services, Investment, University of Central Florida's Institute, Economic, Fed, Thomson Locations: WASHINGTON, U.S, Stamford , Connecticut, Atlanta, United States, London

☆ Dollar eases after strong labor market reports
▼ + stars: | 2023-07-06 | by ( Herbert Lash | ) www.reuters.com time to read: +4 min

NEW YORK, July 6 (Reuters) - The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. "Take it together with how equity markets have responded, that gives a clear picture of the dollar today. The dollar index , measuring the U.S. currency against six others including the euro and Japan's yen, fell 0.18% to 103.13. "The FX market is taking more of a 'one-dimensional approach' to trading the British disease," said Stephen Gallo, global FX strategist at BMO Capital Markets. The Chinese yuan last traded down slightly at 7.2575 per dollar in the offshore market , a day after falling about 0.4%.

Persons: payrolls, Brian Daingerfield, Lorie Logan, Brad Bechtel, Stephen Gallo, Gallo, Bitcoin, Herbert Lash, Samuel Indyk, Rae Wee, David Holmes, Mark Potter, Richard Chang Organizations: YORK, Reserve, Labor Department, Institute for Supply Management, NatWest Markets, Fed, Dallas, FX, Jefferies, of England, BMO Capital Markets, Thomson Locations: U.S, Stamford , Connecticut, London, Singapore

☆ Kante leaves Chelsea to join Saudi champions Al-Ittihad
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - N'Golo Kante will leave Chelsea after seven years at Stamford Bridge and join Al-Ittihad as a free agent on a three-year contract, the Saudi club said on Tuesday. Kante is an Ittihad player now," the club posted in a video message on Twitter. British media reported the 32-year-old midfielder has signed a contract worth around 86 million pounds ($109.78 million) a year. Benzema left Real Madrid after 14 trophy-laden years and signed a two-year contract with the Saudi Arabian champions in a deal reported to be worth more than 100 million euros ($109.17 million). Kante has been a mainstay at Chelsea, winning the Champions League, Premier League, Europa League and FA Cup during his time with the club.

Persons: Ballon, Karim Benzema, Benzema, Kante, Cristiano Ronaldo, Nassr, Pearl Josephine Nazare, Toby Davis Organizations: Chelsea, Stamford, Al, France, Leicester City, Twitter, Real Madrid, Champions League, Premier League, Europa League, FA, Thomson Locations: Ittihad, Saudi, London, Al, Saudi Arabian, Kante's, Saudi Arabia, Bengaluru

☆ These are the 10 most expensive metro areas in the U.S. for renters—4 of them are in California
▼ + stars: | 2023-06-19 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

The New York City tri-state area ranked as the most expensive on the list. While the average rent in Newark is $1,850 and $2,500 in Jersey City, in New York City it is $3,610, according to Zillow's rental manager. The metro area of New York City, N.Y., Newark, Jersey City, N.J ranked as the most expensive for renters. 2 on the list is the Miami, Fort Lauderdale and Pompano Beach, Florida metro area. The Oxnard, Thousand Oaks and Ventura area in California ranked third on the list.

Persons: Payscale, Alexander Spatari, John Elk Iii Organizations: New, Urban, Washington D.C, The New York City, Thousand Oaks, Bank, Getty Locations: New York City, N.Y, Newark, Jersey City, N.J, Miami, Fort Lauderdale, Pompano Beach, Fla, Oxnard, Thousand Oaks, Ventura, Calif, San Diego, Chula Vista, Carlsbad, Urban Honolulu, Hawaii Los Angeles, Long Beach , Anaheim, Napa , Calif, Naples, Marco Island, Washington, Arlington, Alexandria, Virg . Bridgeport , Stamford , Norwalk, Conn, Pompano Beach , Florida, Florida, California

Mandatory Credit: Joe Camporeale-USA TODAY Sports/File PhotoJune 16 (Reuters) - A U.S. judge rejected World Wrestling Entertainment's (WWE.N) effort to dismiss a smaller rival's antitrust lawsuit that accused it of monopolizing the market for professional wrestling media rights. In a decision on Thursday, U.S. District Judge Edward Davila in San Jose, California, said MLW Media had presented enough "circumstantial" evidence that WWE uses its dominance to keep rivals from accessing various distributors and arenas. MLW said Stamford, Connecticut-based WWE commands about 92% of revenue from U.S. media rights for pro wrestling, versus 6% for All Elite Wrestling and less than 2% for everyone else. MLW sufficiently alleged that WWE's activities "had a substantial effect in foreclosing competitors from the professional wrestling media rights market," Davila wrote. The case is MLW Media LLC v World Wrestling Entertainment Inc, U.S. District Court, Northern District of California, No.

Persons: Cody Rhodes, Joe Camporeale, Edward Davila, MLW, Davila, Marc Kasowitz, Jonathan Stempel Organizations: Wrestling, District, MLW Media, WWE, Elite Wrestling, Fox, Amazon.com, CBS, Disney, Netflix, Warner Bros Discovery, Wrestling Entertainment Inc, Court, Northern District of, Thomson Locations: Inglewood , CA, USA, SoFi, U.S, San Jose , California, Stamford , Connecticut, , New York, Northern District, Northern District of California, New York

☆ 'The Flash' hits theaters after years of hype and accusations against star Ezra Miller
▼ + stars: | 2023-06-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Ezra Miller at the premiere of "The Flash" held at TCL Chinese Theatre IMAX on June 12, 2023 in Los Angeles, California. After nearly a decade in development, "The Flash" is finally speeding into theaters this weekend. Discovery feature arrives at a time of significant change at the company and after a string of legal controversies for its star, Ezra Miller. With a predicted opening in the range of $75 million to $85 million, "The Flash" is expected to be a welcome box-office contribution to the DC Comics franchise. In addition to Miller, it features Michael Keaton and Ben Affleck reprising their Batman roles from earlier films.

Persons: Ezra Miller, Miller, Michael Keaton, Ben Affleck, Adam, —, Peter Safran, James Gunn, Safran, Gunn Organizations: Warner Bros, DC Comics, Ovation Hollywood, DC Studios, DC, Marvel, Guardians Locations: Los Angeles , California, Hawaii, Stamford , Vermont, Los Angeles

☆ Seeking an Upper West Side Home That the Children Want to Visit
▼ + stars: | 2023-06-08 | by ( Joyce Cohen | ) www.nytimes.com time to read: +3 min

Her two oldest children were living in New York, while her two youngest were still in college. As the pandemic raged, Ms. Snyder and her daughter shared a two-bedroom in a high-rise on Riverside Boulevard. But “the process of looking teaches you what you want,” Ms. Snyder said. “Or instead of a 10-by-12 living room, it was a 14-by-12 living-and-dining room,” with little room for a table. “It is a draw for my kids,” Ms. Snyder said.

Persons: Barbara Snyder, Snyder, Joe Pigott, “ Joe, ” Ms, “, . Pigott, Ms, Mr, Pigott, ”, Jenny Bryant, Keller, Bryant Organizations: Upper, Riverside, Youth Sports Foundation, Keller Williams NYC Locations: Princeton, N.J, New York, Stamford, Conn, New York City

☆ Swimply, the rental company of home pools, adds pickleball courts to its offerings
▼ + stars: | 2023-06-06 | by ( Jessica Golden | ) www.cnbc.com time to read: +4 min

Swimply is expanding its marketplace to offer pickleball court rentals. Pickleball courts are even starting to fill the vacant space left behind by retailers in malls. In Stamford, Connecticut, for example, Pickleball America plans to turn 80,000 square feet of a former Saks Off 5th space into 28 pickleball courts. The company has been rapidly building courts — as well as converting courts from tennis to pickleball — and now has more than 400 pickleball courts at its more than 200 golf and country clubs across the country. Swimply court rentals range from $25-$100 per hour.

Persons: Laskin, there's, There's, Linda Hwang, TPL, St . Louis, —, David Pillsbury, Pillsbury Organizations: CNBC, New, Day, Labor, Trust, Public, People Lab, Saks Locations: New York City, New York, Los Angeles, Bay Area, Houston, Austin , Texas, U.S, Sarasota , Florida, ., Stamford , Connecticut, America, St .

☆ Dollar falls after weak services data
▼ + stars: | 2023-06-05 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

NEW YORK, June 5 (Reuters) - The dollar fell on Monday on news that the U.S. services sector barely grew in May as new orders slowed, ending an initial rally sparked by strong jobs growth. A reading above 50 indicates growth in the services industry, which accounts for more than two-thirds of the economy. The dollar index fell to 104.00, down 0.13% on the day, after climbing as high as 104.40. The Aussie dollar edged higher before the Reserve Bank of Australia (RBA) is due to announce its interest rate decision on Tuesday. "We expect the RBA to hike tomorrow and guide for more, leading to a ~25-bp upgrade to terminal rate pricing and a sharp AUD rally."

Persons: Bill Adams, Brian Daingerfield, Philip Jefferson, Daingerfield, Wells, Erik Nelson, Jack Boswell, Iain Withers, Kirsten Donovan, Richard Chang Organizations: YORK, Institute for Supply Management, Reuters, Comerica Bank, Reserve, NatWest Markets, Reserve Bank of Australia, U.S ., Thomson Locations: Stamford , Connecticut, U.S, London

☆ Oleksandr Zinchenko returns to Ukraine for first time since war broke out
▼ + stars: | 2023-06-04 | by ( Ben Church | ) edition.cnn.com time to read: +7 min

CNN —Ukrainian soccer star Oleksandr Zinchenko says his first trip back to his home country since the Russian invasion has been hard to comprehend. But in my head, there are a lot of thoughts.”Violence continues to be the reality for many across Ukraine. Rebuilding a schoolBoth Zinchenko and Shevchenko visited the school in Chernihiv Oblast, north of Kyiv, which had been damaged by a Russian missile. “I use every chance in public and using interviews to remind people that the war is still going on in Ukraine,” he says. The meeting was also an opportunity to discuss the charity match, which will see both Zinchenko and Shevchenko lead opposing teams.

Persons: Oleksandr Zinchenko, “ It’s, ”, I’ve, I’m, Volodymyr Zelenskyy –, Andriy Shevchenko, Shevchenko, “, ” Shevchenko, Zinchenko, ” Zinchenko, Volodymyr Zelenskyy, He’s, he’s, “ We’re, Zelensky, ” Zinchekno Organizations: CNN, Arsenal, Premier League, CNN Sport, UNITED, Chelsea’s, Manchester City, Manchester United Locations: Ukrainian, Ukraine, Russian, Chelsea’s Stamford, London, Chernihiv Oblast, Kyiv

May 19 (Reuters) - AIP Capital, the aviation asset management arm of 777 Partners, plans to invest up to $200 million in small and medium aerospace suppliers by the end of next year, at a time when the lower rungs of the supply chain are facing financial difficulties. The investments may include a first lien loan, and a single investment will range between $10 million and $30 million, AIP Capital Managing Partner Mathew Adamo told Reuters in an interview. AIP, which was launched earlier this week, has entered into a servicing agreement with 777 Partners to manage all commercial aircraft owned by the private-equity firm. Stamford, Connecticut-based AIP said supply chain investments would focus on companies in developed countries. It is targeting to raise $300 million to $500 million by the end of this year overall for private credit investments.

☆ Premarket stocks: What happens if the debt ceiling and banking crisis collide?
▼ + stars: | 2023-05-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —President Joe Biden said over the weekend that debt ceiling negotiations were moving along and that talks between the White House and House Speaker Kevin McCarthy would resume on Tuesday. It may become more difficult to access credit, further exacerbating the challenges individuals and companies are already facing because of the banking crisis. Before the Bell: What do the ongoing debt ceiling negotiations mean to small and medium businesses? Do you think bank executives and members of the business community can put pressure on Congress and the White House to come to a deal? The White House has estimated more than 8 million jobs would get wiped out if there is a protracted default.

☆ Pickleball is replacing Bed Bath & Beyond and Old Navy at malls
▼ + stars: | 2023-05-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Pickleball is coming to your local mall, replacing shuttered Bed Bath & Beyond, Old Navy, and Saks Off 5th stores. Malls need new tenants to fill vacant spaces and draw customers beyond their traditional department store anchors and clothing stores. Backers of the game and developers are desperate to find vacant spaces to build courts. The Meadows at Lake Saint Louis, an outdoor mall, plans to fill the space once occupied by Bed Bath & Beyond with a pickleball club. A pickleball facility recently opened in a former Burlington store space at Shore Mall in New Jersey, and a pickleball club took over an Old Navy space at a New Hampshire mall.

☆ Son Heung-min: Tottenham Hotspur and Crystal Palace condemn alleged racial abuse during Premier League game
▼ + stars: | 2023-05-07 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Tottenham Hotspur and Crystal Palace have both condemned alleged racial abuse towards South Korean forward Son Heung-min after the teams faced each other on Saturday. We will not tolerate such behaviour in our club.”In response to an inquiry about Saturday’s game, a spokesperson for London’s Metropolitan Police told CNN that it is investigating allegations of racial abuse. Last August, Chelsea said the club had identified and banned a season ticket holder “indefinitely” after reports emerged that Son was racially abused during a Premier League game at Stamford Bridge. On Sunday, the Premier League said in a tweet that it “condemns all forms of discrimination” and that “no one should have to suffer abuse of the kind received by Heung-Min Son.”Tottenham defeated Crystal Palace 1-0 to move up to sixth in the Premier League table thanks to Harry Kane’s header at the end of the first half. That took Kane to 209 Premier League goals as he moved to second in the league’s all-time scoring list ahead of Wayne Rooney.

☆ Slower US job growth expected in April; unemployment rate seen rising to 3.6%
▼ + stars: | 2023-05-05 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The unemployment rate is forecast to have risen to a still historically low 3.6%. "The labor market is slowly bending, but not breaking," said Sam Bullard, a senior economist at Wells Fargo in Charlotte, North Carolina. "There is continued resilience in the labor market right now, but the trend is one that is continuing to see a decelerating pace of momentum." The service-providing sector likely accounted for most of the anticipated job gains in April. WAGE GAINS MODERATEAverage hourly earnings are expected to have risen by 0.3% in April, matching March's gain.

☆ DC Studios' future begins with Marvel's 'Guardians of the Galaxy Vol 3'
▼ + stars: | 2023-05-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +15 min

And, for once, the success of a Marvel film could bode well for the future of its longtime adversary. On the theatrical side, DC Studios has announced five new projects that will roll out starting in 2025 with Gunn's own "Superman: Legacy." "And I think Marvel Studios, sooner rather than later, needs to tell us what's going on with Spider-Man." He sees this as the result of predictable plotlines within the genre that are repeated across both studios' films. Marvel Studios

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