Thyssenkrupp Raises 2026 Profit Outlook as Steel and Materials Units Strengthen 
U.S. Plans $115 Million Counter-Drone Investment to Secure FIFA World Cup and Major National Events 
US to Review Iran World Cup Travel Restrictions Ahead of Egypt Clash 
NBA Returns to China with Alibaba Partnership and Historic Macau Games 
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Bernstein Picks BYD and Xiaomi as Top China EV Stocks Despite Weaker Demand 
Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion 
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears 
Trump to Host UFC Event at White House on His 80th Birthday 
US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
Native American Groups Slam Trump’s Call to Restore Redskins Name 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
Trump’s U.S. Open Visit Delays Final, Fans Face Long Security Lines 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand 
Add as a preferred source on Google
Michael Jordan is negotiating to sell a majority stake in the Charlotte Hornets to a group led by the franchise’s minority owner Gabe Plotkin and Atlanta Hawks investor Rick Schnall.
In 2010, Jordan paid $275 million for a controlling stake in the Hornets, which is now valued at $1.77 billion.
The 60-year-old hoops legend sold a minority share to Plotkin, the founder of Melvin Capital, and Daniel Sundheim, the founder of D1 Capital, in 2019.
Sundheim is reportedly also part of the group eyeing to take control of the Hornets.
While the deal was described by ESPN as not imminent, there is reportedly a ‘significant momentum’ for the sale, which would eventually lead to Plotkin Schnall, a minority owner of the NBA’s Hawks, becoming co-governors of the Hornets.
The sale would end Jordan’s 13-year stint as Hornets owner and reduce him to a minority owner.
