Open Questions | Economist Michael Pettis on China’s consumption paradox and the pitfalls of a trade war

After more than two decades in China - including years spent teaching finance at Peking University and Tsinghua University - Michael Pettis has become an oft-cited voice on the challenges faced by the world’s second-largest economy. Before moving to Beijing, he...

Treasury Secretary Bessent says Trump is heading off financial crisis

Treasury Secretary Scott Bessent speaks to reporters outside the West Wing after doing a television interview on the North Lawn of the White House on March 13, 2025 in Washington, DC. Andrew Harnik | Getty ImagesTreasury Secretary Scott Bessent said Sunday that...

Solution reached to keep Crozer Health System open, officials say – NBC10 Philadelphia

Pennsylvania's Attorney General announced on Friday that a long-term solution has been reached in the case of Crozer Health System, but no other details were provided. Attorney General Dave Sunday said "all parties involed in developing a long-term solution to...

Ex-Eminem employee charged with leaking rapper’s unreleased music

A former employee of Grammy-winning rapper Eminem has been charged in connection with leaking the rapper’s unreleased music online. US Attorney Julie Beck stated that Joseph Strange, who worked for the artiste from 2007 to 2021, faces serious charges, including...

The Trump-Putin phone call gave the Kremlin leader a chance to pivot away from the war in Ukraine

They talked about the fighting in Ukraine, of course. But the U.S. and Russian presidents also chatted about improving relations between Washington and Moscow, peace in the Middle East, global security and even hockey games.During the more than two-hour chat —...

Bracketology: Cooper Flagg injury leaves questions as Duke, North Carolina square off in ACC Tournament

There was a development in the ACC Tournament on Thursday that could have ramifications at both ends of the bracket.Duke All-American freshman Cooper Flagg suffered a sprained ankle in the first half of the Blue Devils' win over Georgia Tech in the ACC...

Spirit Airlines exits bankruptcy protection as travel demand slows

NEW YORK (AP) — Discount carrier Spirit Airlines (SAVEQ) has emerged from bankruptcy protection. The budget airline — known for its no-frills, low-cost flights on a fleet of yellow planes — said Wednesday that its parent, Spirit Aviation Holdings, exited...

Inside the return of EA Sports College Football video game

Editor's note: This story originally ran May 17, 2024, but is being republished with the July release of EA Sports College Football 25.ORLANDO, Fla. -- Daryl Holt shopped at a Books-A-Million near Auburn, Alabama, around Thanksgiving in 2019 when his clothes...

Access Denied

Access Denied You don't have permission to access "http://www.businesswire.com/news/home/20250312064462/en/Two-Speed-Economy-Emerges-as-42-of-Canadian-Businesses-Take-a-Wait-and-See-to-Tariffs-Float-Report-Finds" on this server. Reference...

University of Pennsylvania Health System is cutting 300 jobs

University of Pennsylvania Health System is cutting 300 jobs Source link


The Washington Wizards traded Jonas Valanciunas to the Sacramento Kings for Sidy Cissoko and two second-round picks, the teams announced Wednesday.

The deal comes ahead of Thursday’s NBA trade deadline.

Sacramento used most of its $12.8 million non-taxpayer midlevel exception to acquire Valanciunas’ $9.9 million salary. Sources told ESPN’s Bobby Marks that the Kings are sending a 2028 Denver Nuggets second-round pick (if No. 34-60) and their own second-rounder in 2029 to Washington. The Denver second-round pick was acquired from San Antonio in the De’Aaron Fox trade.

Valanciunas, 32, was in his first season with Washington after signing a three-year, $30 million deal with the Wizards in June. He has started the majority of his 13-year career, but he has been coming off the bench this season behind No. 2 pick Alex Sarr.

Valanciunas, a 6-foot-11 center, boasts an excellent touch around the rim and has the ability to stretch the floor at times, particularly from 3-point range.

The moves reunites Valanciunas with DeMar DeRozan, his former teammate in Toronto.

It also gives the Kings a powerful, all-Lithuanian frontcourt with Valanciunas and Domantas Sabonis, former Olympic teammates. Each has 376 career double-doubles, tied for 12th most among active players.

Both the Wizards and Kings have been busy ahead of the deadline.

Earlier Wednesday, Washington acquired Khris Middleton from the Bucks as part of a deal that sent Kyle Kuzma to Milwaukee.

And the Kings previously acquired Zach LaVine as part of the three-team deal that sent Fox to the Spurs. Cissoko was also part of that deal.



Source link