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CNN —The University of Vermont fired its men’s hockey head coach, Todd Woodcroft, on Tuesday after the university conducted an internal investigation of “inappropriate text messages with a UVM student on multiple occasions that failed to maintain professional boundaries,” according to a statement released by Vermont Director of Athletics Jeff Schulman. Schulman appointed assistant coach Steve Wiedler as interim head coach. “After reviewing the findings of an investigation conducted by UVM’s Office of Affirmative Action and Equal Opportunity that was completed this week, it is clear that Coach Woodcroft failed to meet those expectations. “The specific conduct leading to the investigation involved inappropriate text messages with a UVM student on multiple occasions that failed to maintain professional boundaries,” Schulman’s statement continued. “Earlier today, I met with the Men’s Hockey team to inform them of my decision and to introduce Steve Wiedler as interim head coach for the 2023-2024 season.
Persons: Todd Woodcroft, Jeff Schulman, Schulman, Steve Wiedler, ” Schulman, , Woodcroft, Wiedler’s, , Andrew Miltenberg, ” Miltenberg, ” Woodcroft Organizations: CNN, The University of Vermont, , University of Vermont Athletic Department, UVM’s, Men’s Hockey Locations: Vermont
For global investors, the Abrdn Frontier Markets Bond Fund is one example of a fund offering substantial returns. What are frontier markets? While there is no formal definition, frontier markets are typically low-income, developing countries with underdeveloped capital markets, according to Daly. Investment director for emerging market debt, Abrdn Kevin Daly The appeal of these frontier markets is twofold, according to Daly. Managing FX risks Managing foreign exchange risk is tricky in frontier markets, where hedging instruments are often inefficient or unavailable.
Persons: Kevin Daly, Daly, Fitch, You've, who's, Organizations: Markets Bond, CNBC Pro, Monetary Fund, Bank Locations: U.S, Abrdn, Nigeria, Kenya, Iraq, Ecuador, Uzbekistan, Mozambique, Daly, Benin, African, Europe, South Korea, Singapore, Taiwan, stockbrokers
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance considers thousands of layoffs, and ARK sells more Coinbase stock: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Kevin Dinino of KCD PR discusses how crypto companies are marketing themselves after 2022's meltdown.
Persons: explainers, Kevin Dinino Organizations: CNBC Crypto, CNBC, KCD
Why college is getting more expensive
  + stars: | 2023-07-16 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
After adjusting for currency inflation, college tuition has increased 747.8% since 1963, the Education Data Initiative found. But the net price of college — that’s the amount that students and their families are actually shelling out — has been decreasing. The average student at a private four-year college paid $32,800 for tuition and room and board last year. When adjusted for inflation, the actual price paid for private college has dropped by 11% over the past five years, according to College Board data. In a 6-3 decision the Supreme Court struck down the Biden administration's student debt forgiveness program in Biden v. Nebraska.
Persons: Brian Snyder, , Megan Brenan, Catharine Hill, , , couldn’t, ’ ”, they’ve, Kevin Dietsch, Joe Biden’s, Biden Organizations: New, New York CNN, College, US News, Harvard University, Harvard, Reuters, Education Data Initiative, Georgetown University Center, Education, Gallup, Vassar College, , , National Education Association, Foreign Relations, Economic, Institute, luxe, ” Colleges, American, of Trustees, NEA, College Board, U.S, Supreme, Biden, . Nebraska Locations: New York, Cambridge , Massachusetts, United States, , Washington , DC, .
The PGA Tour and Saudi Arabia’s sovereign wealth fund, facing pressure from the Justice Department about their ambitions for a new company to shape global golf, have in recent days abandoned a crucial provision of their tentative deal: a promise not to recruit each other’s players. Three people familiar with the change, who spoke on the condition of anonymity to discuss confidential negotiations, signaled that the decision was an early casualty of an antitrust review by Justice Department regulators, who are expected to decide in the coming months whether to try to block the transaction. The tour moved to notify its board of the decision only on Thursday, after The New York Times asked the tour to comment on its reporting. The framework agreement between the tour and the wealth fund included few binding provisions. But one of them was a nonsolicitation clause, which said the tour and wealth fund-backed LIV Golf league would not “enter into any contract, agreement or understanding with” any “players who are members of the other’s tour or organization.”
Persons: LIV, Organizations: Tour, Saudi, Justice Department, The New York Times, LIV Golf
The PGA Tour sought the ouster of Greg Norman, the two-time British Open champion who became the commissioner of the insurgent LIV Golf league, as a condition of its alliance with Saudi Arabia’s sovereign wealth fund, according to records that a Senate subcommittee released on Tuesday. The tour and the wealth fund did not ultimately agree to the proposal — crafted as a so-called side letter to a larger framework agreement — and, for now, Norman remains atop LIV. But the deliberations reflect an enmity forged over decades of hostilities between the tour and Norman, one of the most talented players in professional golf history who often chafed at the sport’s economic structure. And they underscore the tensions that could linger if the deal closes. The glimpse into the negotiations between the tour and the wealth fund came as the Senate’s Permanent Subcommittee on Investigations began its first hearing into the arrangement, which calls for the business ventures of the tour, the wealth fund and the DP World Tour to be brought into a new, for-profit company.
Persons: Greg Norman, LIV, Norman Organizations: LIV Golf, LIV, Investigations Locations: Saudi
Price and Dunne may also be asked about the weekend resignation of Randall Stephenson from the tour’s board after more than a decade. The sport’s leaders have often handled their business in Washington behind closed doors, relying on a fount of good will and gentility. The tour faced a significant threat in the 1990s, when the Federal Trade Commission examined antitrust issues in golf before its inquiry fizzled amid a pressure campaign from Capitol Hill. But baseball has drawn much of the attention from Congress, like when senators called a 1958 hearing on antitrust exemptions. (“Stengelese Is Baffling to Senators,” read a subsequent headline in The New York Times, which reported that Yankees Manager Casey Stengel had lawmakers “confused but laughing.”)
Persons: Price, Dunne, Randall Stephenson, Stephenson, Jamal Khashoggi, , Travis Tygart, Arnold Palmer, Dwight D, Eisenhower, Jack Nicklaus, Biden, Casey Stengel, Organizations: AT, Saudi, Washington Post, U.S, Doping Agency, Federal Trade Commission, Capitol, Lawmakers, football’s, , New York Times, Yankees Locations: Washington, Capitol Hill
CNN —US Women’s National Team star Megan Rapinoe, a two-time Women’s World Cup winner, has announced she will retire at the end of the 2023 National Women’s Soccer League (NWSL) season. Rapinoe, an Olympic gold medalist from London 2012, will play in her fourth and final World Cup this summer in Australia and New Zealand, before returning to her NWSL team OL Reign. To be able to play one last World Cup and one last NWSL season and go out on my own terms is incredibly special.”Megan Rapinoe has won two World Cup and Olympic gold with the USWNT. In her domestic career, Rapinoe won the French league title and French Cup with Lyon in the 2012-2013 season and has won three NWSL Shields with the Seattle Reign and OL Reign. “When you talk about players performing on the biggest stages, she’s right up there with the best to ever do it for the US Women’s National Team.
Persons: Megan Rapinoe, Rapinoe, “ I’ve, ” Rapinoe, , we’ve, Brad Smith, , Cooper, Shields, “ Megan, Kate Markgraf, Vlatko Andonovski, Andonovski, “ It’s Organizations: CNN, US Women’s National, Women’s Soccer League, Wales, National Team, US Soccer, Ballon, Lyon, Seattle, US, National Locations: Australia, New Zealand, United States
CNN —English football club Forest Green Rovers named Hannah Dingley as its interim head coach Tuesday, making her the first female head coach in English professional football. Dingley replaces outgoing coach Duncan Ferguson, who was appointed Forest Green manager in January, but was unable to stop the team from being relegated to League 2, the lowest tier of professional English football. Dingley’s Her position as head coach is a temporary one as the club looks to find a fulltime solution. Under Vince’s ownership, Forest Green has become well known for attempting to make a difference off the pitch. In 2017, Forest Green became the world’s first vegan club, according to the Vegan Society.
Persons: Hannah Dingley, Dingley, Duncan Ferguson, I’m, ” Dingley, , “ Hannah, – she’s, Dale Vince, “ It’s, Hannah, Green Organizations: CNN, English, Forest Green Rovers, Forest Green, League, English Football League Academy, Academy, Melksham, Vegan Society, FIFA Locations: Melksham Town
Jorja Johnson of the Hard Eights holds her Franklin paddle during the Major League Pickleball finals match against BLQK at Pickle & Chill on October 16, 2022 in Columbus, Ohio. Major League Pickleball is getting new leadership as it looks to capitalize on the rise of America's fastest-growing sport at the professional level. "The additions of Julio and Bruce signify another landmark step forward in the evolution of Major League Pickleball," said MLP founder Steve Kuhn. We're at just the beginning of this hockey-stick growth," DePietro told CNBC. In the year-plus that he's served as an owner in the league, DePietro said, team valuations have seen 100-times growth.
Persons: Jorja Johnson, Franklin, Major League Pickleball, Julio DePietro, Bruce Popko, Julio, Bruce, Steve Kuhn, DePietro, Kuhn, he's, pickleball, LeBron James, Kevin Durant, Tom Brady, Drew Brees Organizations: League Pickleball, BLQK, Major League, pickleball, NFL, CNBC, Citadel, Florida, MLP, NBA, Anheuser, Busch Locations: Columbus , Ohio
Student debt relief activists stand in front of the U.S. Supreme Court on June 30, 2023 in Washington, DC. (Photo by Kevin Dietsch/Getty Images)The Supreme Court on Friday rules against President Joe Biden's student loan forgiveness plan, prohibiting up to $20,000 in loan relief per borrower from proceeding. The plan, first announced in August 2022, would have forgiven $10,000 for all federal student loan borrowers and $20,000 for Pell Grant recipients who earn less than $125,000 a year ($250,000 for married couples). The Biden administration has also recently beefed up existing programs, making it easier to qualify for student loan relief. Public Service Loan Forgiveness (PSLF) has become easier for federal borrowers to obtain under the Biden administration.
Persons: Kevin Dietsch, Joe Biden's, Biden, Sonia Sotomayor, Ketanji Brown Jackson, Elena Kagan, Pell Grant, servicers Organizations: U.S, Supreme, Higher Education, Department of Education, Federal, Aid Locations: Washington ,
Many teams are structured around a single rider who they believe can win the race’s overall title, known as the general classification. Other teams have more than one race contender, and will decide during the Tour which one has the best chance of victory. Then there is the pride in winning even a single day’s stage, which for many cyclists can rank as a career highlight. There are two overwhelming favorites: Jonas Vingegaard, a Danish cyclist on Team Jumbo-Visma who won last year, and Tadej Pogacar, the Slovene cyclist on UAE Team Emirates who won in 2020 and 2021. The overarching story line of this year’s race, and the battle that dictates much of the strategy, will be based around the assumption that Vingegaard and Pogacar will duke it out all the way to Paris.
Persons: Jonas Vingegaard, Visma, Tadej Pogacar, Pogacar, David Gaudu of, Jai Hindley, Richard Carapaz Organizations: UAE Team Emirates, Enric Mas Locations: Danish, Slovene, Paris, Spain, David Gaudu of France, Australia, Ecuador
Since the rise of Donald Trump, the Republican definition of a crime has veered sharply from the law books and become extremely selective. For readers confused about the party’s new positions on law and order, here’s a guide to what today’s Republicans consider a crime, and what they do not. Not a crime: Federal crimes. “The weaponization of federal law enforcement represents a mortal threat to a free society,” Gov. The F.B.I., which investigates many federal crimes, has also become corrupted by the same political forces.
Persons: haven’t, Donald Trump, Trump, Ron DeSantis, , Kevin D, Roberts Organizations: today’s, Department of Justice, Republicans, Democratic Party, Mr, Heritage Foundation Locations: Florida
CNN —Former NFL quarterback Ryan Mallett died Tuesday in an apparent drowning off a Florida beach, the Okaloosa County Sheriff’s Office said in a news release. Mallett went under the water and was not breathing when lifeguards pulled him out, the sheriff’s office said. “The New England Patriots are deeply saddened to learn of the sudden and unexpected passing of former quarterback Ryan Mallett,” the team said on Twitter. “It is with great sadness that we share the loss of Coach Ryan Mallett,” the district said. “Coach Mallett was a beloved coach and educator.
Persons: CNN —, Ryan Mallett, Mallett, , Organizations: CNN, CNN — Former NFL, Sheriff’s, Arkansas Razorbacks, New England Patriots, NFL, Patriots, Houston Texans, Baltimore Ravens, Twitter, White Hall Bulldogs, White Hall School District Locations: Florida, Okaloosa, Destin, White Hall , Arkansas, Gulf
Golf’s big deal — a planned partnership between the PGA Tour and Saudi Arabia’s sovereign wealth fund — is not how big deals are ordinarily done. There were almost no outside bankers or lawyers involved in negotiations that led to a five-page framework agreement, and only so much input from the PGA Tour board. The plan that would, as the PGA Tour commissioner, Jay Monahan, put it, “take the competitor off of the board” came as the tour faced a Justice Department investigation over antitrust matters. “The fact that they were willing to publicly announce it does mean that the parties are pretty committed to doing something,” Sreepada said. “But I guess that leaves us with a question of who holds the leverage at this point?
Persons: Jay Monahan, , , Suni Sreepada, ” Sreepada Organizations: PGA Tour, Saudi, Justice Department, & Gray
LONDON, June 27 (Reuters) - Zambia's international bondholders expect to strike a debt restructuring deal with the country "in the coming weeks", a leading member said on Tuesday, a move that would draw a line under the nation's near three-year stint in default. "So I think we (bondholders) can now reach a deal in the coming weeks." Daly said that was something bondholders themselves had called for when restructuring talks became stalled last year over how much debt relief would be required. "The adjustment mechanism provides for an accelerated repayment schedule and higher interest rates if Zambia's debt carrying capacity improves from the current 'weak' classification to 'medium' classification," he said. While China has rejected writing off some of the debt altogether, bondholders could still do that, Daly added.
Persons: Hakainde, Kevin Daly, Daly, Situmbeko Musokotwane, Marc Jones, Chris Mfula, Libby George, Christina Fincher, Ed Osmond, William Maclean Organizations: International Monetary Fund, Zambian Finance, IMF, World Bank, Thomson Locations: China, Zambia, Sri Lanka, Ghana, Lusaka
I'm Insider's global tech editor Alistair Barr, and I've been missing people a lot lately. Airbnb Montana smackdown: Life in the town of Bozeman is harder thanks to short-term rentals. That sparked a boom in Airbnb and Vrbo properties in the town, causing rents and property prices to surge. They are concerned about retaining talented colleagues, their future at Salesforce, and how leadership decisions adhere to the company's core values. Submit your nomination for Insider's 5th annual list recognizing first-time and newly named top marketers at consumer brands.
Persons: Alistair Barr, I've, I'd, we're, let's, Brian Chesky Mike Segar, Airbnb Montana, Dan Latu, Justin Sullivan, Read, Nassim Taleb, SoftBank, it's, that's, Bowties, India Narendra Modi, Mark Zuckerberg, Elon Musk, Kevin Dietsch, Dana White, Lisa Ryan, Jack Sommers Organizations: Bozeman Tenants United, Getty, Microsoft, Silicon Valley titans, White House, UFC, Insider's Locations: Bozeman, Airbnb, Seattle, Washington, Salesforce, Silicon, India, China, Silicon Valley, New York, London
CNN —National Hockey League Commissioner Gary Bettman said he has advised NHL teams to no longer wear specialty-themed jerseys during warm-ups, including Pride-theme jerseys. The decision follows Major League Baseball’s announcement last week that teams would not put Pride logos on players’ uniforms and after a handful of NHL players refused to wear Pride sweaters or participate in their teams’ Pride Nights due to their personal beliefs. Some hockey teams opted to forgo their planned Pride Night warmup jerseys altogether. “Thirty-two of our clubs did Pride nights, some do Heritage nights, everybody does Hockey Fights Cancer, some do military nights. Francois Lacasse/NHLI/Getty ImagesBettman also confirmed that NHL Pride jerseys will still be designed and sold and players are free to wear them when they are not on the ice.
Persons: Gary Bettman, “ I’ve, it’s, ” Bettman, Bettman, , , that’s, Nick Suzuki, Francois Lacasse, Rob Manfred, ” Manfred Organizations: CNN — National Hockey League, NHL, League, Sportsnet, Cancer, Montreal Canadiens, Washington Capitals, Bell Centre, NHL Pride, MLB, CNN Locations: Canadian, Montreal
It will also impact enormously popular gaming franchises such as “Call of Duty” and “World of Warcraft,” which Activision owns and would be transferred to Microsoft under the deal. Also testifying will be the top financial executives from both companies; senior leaders from Microsoft’s Xbox division; the CEO of Microsoft Gaming, Phil Spencer; and a vocal critic of the deal, Sony gaming CEO Jim Ryan. The clash comes as Microsoft and Activision face down a contractual July 18 deadline to consummate the deal. A crucial moment for Microsoft and the FTCThe FTC lawsuit has put Microsoft under the harshest antitrust scrutiny in the US in more than two decades. Microsoft CEO Satya Nadella, Activision CEO Bobby Kotick and Sony Gaming CEO Jim Ryan are all expected to testify.
Persons: Phil Spencer, Jim Ryan, Satya Nadella, Bobby Kotick, Drew Angerer, Kevin Dietsch, Alex Wong, , Lina Khan, Khan, Meta Organizations: CNN, Microsoft, Activision, Xbox, Microsoft Gaming, Sony, Federal Trade Commission, FTC, Sony Gaming, New, Nintendo, Nvidia, European Union, Facebook, Meta Locations: New Zealand, European, United States
CNN —Tennis great Martina Navratilova said Tuesday that she is “all clear” after undergoing treatments for throat and breast cancer. “After a day full of tests at Sloan Kettering, I got the all clear! “That’s just not an option for me … quitting is just not in my DNA.”The 66-year-old Navratilova shared in an interview in March that her “prognosis is excellent.”Navratilova enjoyed a long playing career in which she won 18 grand slam singles titles, 31 grand slam doubles titles and 10 grand slam mixed doubles titles. After retiring from singles in 1994 at the age of 38, she continued playing doubles – and winning titles – into her 40s. She has remained involved in the sport as a coach, broadcaster, and ambassador for the WTA Tour, highlighting the importance of preventive checkups to combat specific diseases such as breast cancer.
Persons: Martina Navratilova, ” Navratilova, “ That’s, , Navratilova, Organizations: CNN, Tennis, Sloan Kettering, WTA
The New Zealand team said it refused to continue because defender Michael Boxall was racially abused by a Qatar player and no action was taken. “Michael Boxall was racially abused during the first half of the game by a Qatari player,” New Zealand Football said in a statement on social media shortly after the abandonment. In a statement on its website, New Zealand football said the alleged racial slur against Boxall, who is of Samoan heritage, was heard by several players. CNN has also contacted the Qatar Football Association for additional comment. But the staff of New Zealand also, they supported the statement of the New Zealand player; we support our player.
Persons: Michael Boxall, “ Michael Boxall, , Al Annabi’s, Boxall, Andrew Pragnell, Carlos Queiroz, ” Queiroz, … It’s, , Madrid’s Vinícius, Gianni Infantino, Vinícius Organizations: CNN, New Zealand, ” New Zealand Football, Qatar Football Association, New, Qatar FA, Generali, , Qatar, Whites, , FIFA, Alkass Sports Locations: New Zealand, Qatar, Qatari, Zealand, Austria, Wien,
CNN —Not since LeBron James was drafted 20 years ago has there been this much excitement about an NBA prospect – as shown by the crowds eagerly awaiting Frenchman Victor Wembanyama’s arrival in the United States. 1 overall pick in this week’s NBA draft, landed at Newark International Airport outside New York City on Monday, where he was greeted by fans seeking selfies and autographs. Victor Wembanyama arrives for the #NBADraft Presented by State Farm 🇫🇷✈️🇺🇸📅 Thursday, June 22, 8pm/et on ABC/ESPN pic.twitter.com/rBXDttMoDJ — NBA (@NBA) June 19, 2023“I don’t know how they knew what flight I was on, but it’s fun,” Wembanyama said about the crowds greeting him at the airport. “My mind is really focused on these finals for the last couple of weeks and it’s now going to go so quickly,” he recently told reporters about the prospect of the NBA draft. “There’s a lot going on and I have a lot to plan with my family and my agents, the draft is in a week so there’s a lot going through my mind, so I just feel lucky to be able to live through all this.”
Persons: LeBron James, , Frenchman Victor Wembanyama’s, selfies, Victor Wembanyama, abou, ike, ros, Organizations: CNN, NBA, Newark International, Barclays Center, State Locations: United States, New York City, Brooklyn
Chris Paul Found Out About the Suns’ Trade From His Son
  + stars: | 2023-06-19 | by ( Sopan Deb | ) www.nytimes.com   time to read: +1 min
Chris Paul was on a plane to New York on Sunday, to promote his new book, when he heard the news in a text from his 14-year-old son, Chris II: He had been traded. Paul, a 12-time All-Star, is one of the most accomplished point guards in N.B.A. He had recently finished his third season with the Phoenix Suns, a run that included a trip to the N.B.A. But the Suns preliminarily agreed on Sunday to a trade with the Washington Wizards for guard Bradley Beal, a three-time All-Star who will turn 30 next week. Representatives for the Suns and Thomas did not respond to a request for comment.
Persons: Chris Paul, Chris II, Paul, Kevin Durant, Bradley Beal, Mat Ishbia, Isiah Thomas, , , Ishbia, Thomas Organizations: Phoenix Suns, Suns, Washington Wizards, The New York Times, of Fame Locations: New York, N.B.A
CNN —It has been 40 years since Sally Ride became the first woman from the United States to travel into outer space. She was not open about her personal life, according to former NASA astronaut Steve Hawley, who was married to Ride from 1982 to 1987. However, the educational company she cofounded, Sally Ride Science, revealed more of her personal life in her 2012 obituary, recognizing her longtime partner, Tam O’Shaughnessy, after Ride died of pancreatic cancer. NASASherr’s book “Sally Ride: America’s First Woman in Space” was first published in 2014. A trailblazer’s legacyRide’s ambition and love of knowledge extended far beyond her role as an astronaut, Sherr noted.
Persons: Sally Ride, Steve Hawley, Sally, Tam O’Shaughnessy, Ride, NASA hasn’t, General, Christina Koch, Victor Glover, Artemis, NASA's, Lynn Sherr, , Sherr, ” Sherr, Dale Moore, , Billie Jean King, Martin Luther King Jr, , King Charles III, Prince of Wales, , Valentina Tereshkova, Svetlana Savitskaya, Ride’s, Lyndon B, Johnson, Gloria Steinem, Richard Drew, Tam O'Shaughnessy, Barack Obama, Kevin Dietsch, O’Shaughnessy, Charles Tasnadi, Eileen Collins, NASA’s Koch, Jessica Meir, , Rob Navias Organizations: CNN, NASA, Sally Ride, NASA’s, Space Center, CAPCOM, Johnson Space Center, ABC News, Ride, Edwards Air Force Base, Stanford University, Stanford Daily, Soviet Union, Girls Club of America, Magazine, White, UPI, Sally Ride Science, University of California, UC San Diego, Poets, State Department, United Nations Locations: United States, Houston, California, Soviet, New York, Washington ,, San Diego, Columbia
is also concerned about the millions of golfers who are not professionals and neither he nor Perpall indicated plans for a wholesale surrender. The announcement that Monahan had stepped back followed seven days of turmoil in professional golf. Monahan, who helped to negotiate the deal, was criticized as a cash-hungry hypocrite, but he has retained at least some crucial allies inside the tour. “Jay is a human being,” Webb Simpson, the 2012 U.S. Open winner and a member of the tour’s board, said in an interview on Wednesday. “Golf is a game, and oftentimes, we make golf into something so much bigger than it is and we dehumanize people.” Perhaps, he said, Tuesday’s announcement would give “people a little perspective.”
Persons: Mike Whan, , Perpall, ” Whan, , Jay Monahan, Ron Price, Tyler Dennis, Monahan, “ Jay, ” Webb Simpson, Organizations: PGA Tour, U.S, LIV Golf Locations: Saudi
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