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Don’t be fooled by the action of the NBA Finals and the 2025 NBA draft looming at the end of June. Free agency is just around the corner.

Starting with the day after the last game of the NBA Finals, teams can enter negotiations with prospective free agents who have just completed seasons on their own rosters.

Then, on Monday, June 30, at 6 p.m. ET, teams may begin negotiating with free agents who finished seasons on other teams.

Some players are unrestricted free agents, which means they are able to sign with any team that offers a deal; restricted free agents can sign a contract with another team but the team he last played for has the right to match the offer and retain the player.

Some players have player options, meaning they can opt out of the final season of their contract and become a free agent or they can opt in and play out the final year of the deal. Similarly, some contracts have a team option on the final season of the contract, meaning the team can decide whether it brings the player back or allows him to enter free agency.

It all sets up what should be a busy couple of weeks.

Here are the top 25 NBA free agents in 2025:

Top 2025 NBA free agents

1. LeBron James, Los Angeles Lakers forward

2024-25 stats: 24.4 ppg, 8.2 apg, 7.8 rpg, 51.3% FG, 37.6% 3PT, 78.2% FT

James hit free agency last summer and signed a two-year, $101.3 million contract with a player option at $52.6 million for 2025-26. It’s likely James will become a free agent again and try to maximize his earnings (with the Lakers most likely) while including a no-trade clause in his contract. At every chance, James has indicated he is happy playing for the Lakers and living in the L.A. area. Plus, his son, Bronny, is under contract with the franchise. At 40 years old, James still produced at an All-NBA level.

2. James Harden, Los Angeles Clippers guard

2024-25 stats: 22.8 ppg, 8.7 apg, 5.8 rpg, 41% FG, 35.2% 3PT, 87.4% FT

Harden has a player option for 2025-26 at $36.3 million for the season. He can play out the final year of the contract or become a free agent in the summer. He still logged significant minutes (35.3 per game) and continued to produce. A strong run during the postseason reaffirmed his status as a capable scorer.

3. Julius Randle, Minnesota Timberwolves forward

2024-25 stats: 18.7 ppg, 7.1 rpg, 4.7 apg, 48.5% FG, 34.4% 3PT, 80.6% FT

Randle is another player with an option for 2025-26. He can either finish the contract at $30.9 million for next season or become a free agent in the summer. What to watch here: Is the likely new ownership group led by Alex Rodriguez and Marc Lore ready to spend what it takes to keep the core roster intact?

4. Kyrie Irving, Dallas Mavericks guard

2024-25 stats: 24.7 ppg, 4.8 rpg, 4.6 apg, 47.3% FG, 41% 3PT, 91.6% FT

Irving has a player option for 2025-26 and can become a free agent after this season. He can also remain in his contract at $43.9 million for next season and go to free agency in 2026. Irving sustained a season-ending torn ACL and will miss a significant portion of next season if not the entire season. Irving was an All-Star in 2025 and enjoying another stellar season before the injury. Given his injury and timeline to return, Irving may push free agency to 2026 — unless Dallas is ready to re-up with Irving on another contract. Regardless, with the Mavs trading Luka Doncic to the Lakers for Anthony Davis, there are parts the Mavs need to resolve, which could impact Irving’s future. Winning the Cooper Flagg sweepstakes certainly helps.

5. Myles Turner, Indiana Pacers center

2024-25 stats: 15.6 ppg, 6.5 rpg, 2.0 bpg, 1.5 apg, 48.1% FG, 39.6% 3PT, 77.3% FT

It seems Turner has been mentioned in trade talks for several seasons. Now, he’s in control of where he plays next season as an unrestricted free agent. Playing almost four more minutes per game this season than last, Turner remains a positive presence in the Pacers’ rotation, and he has been a steady anchor down low during Indiana’s run to the NBA Finals. Turner’s ability to stretch the floor and knock down 3s should increase his value on the open market.

6. Naz Reid, Minnesota Timberwolves center-forward

2024-25 stats: 14.2 ppg, 6.0 rpg, 2.3 apg, 46.2% FG, 37.9% 3PT, 77.6% FT

Reid is headed for a big payday — whether it’s this offseason or the next. He’s under contract for 2025-26 at a team friendly $15 million for the season but can exercise his player option and become a free agent this summer rather than the summer of 2026. His production made it possible to part ways with Karl-Anthony Towns before the season.

7. Josh Giddey, Chicago Bulls guard

2024-25 stats: 14.6 ppg, 8.1 rpg, 7.2 apg, 1.2 spg, 46.5% FG, 37.8% 3PT, 78.1% FT

Giddey is a pending restricted free agent in his first season with the Bulls after Oklahoma City traded him for Alex Caruso. Giddey does a little bit of everything for the Bulls, putting together career highs in assists, 3-point shooting percentage, 3s made per game and minutes. His strong play late in the season elevated the Bulls, which had lacked a distributor and creator, into playoff contention.

8. Fred VanVleet, Houston Rockets guard

2024-25 stats: 14.1 ppg, 5.6 apg, 3.7 rpg, 1.6 spg, 37.8% FG, 34.5% 3PT, 81% FT

The Rockets have a team option to retain VanVleet for 2025-26 at $44.8 million for the season or they can make the veteran guard a free agent this summer. The Rockets have young players who are in line for lucrative extensions so it is worth watching what the front office — and ownership — decides to do.

9. John Collins, Utah Jazz forward-center

2024-25 stats: 19.0 ppg, 8.2 rpg, 2.0 apg, 1.0 spg, 1.0 bpg, 52.7% FG, 39.9% 3PT, 84.8% FT

Collins also can choose to become a free agent this summer or play out the final season of his contract that will pay him $25.6 million in 2025-26. Collins has missed games due to injuries (back, hip) but is productive when on the court and can be a valuable third or fourth option on a playoff team.

10. Jonathan Kuminga, Golden State Warriors forward

2024-25 stats: 15.3 ppg, 4.6 rpg, 2.2. apg, 45.4% FG, 30.5% 3PT, 66.8% FT

Kuminga is a restricted free agent, meaning the Warriors can match any offer from other teams and retain him. He has missed time with injuries but he’s the kind of youthful, athletic wing the Warriors could use, with further development. With Golden State’s trade for Jimmy Butler, Kuminga fell out of the rotation, though he did re-emerge once injuries forced him back on the floor.

11. Nickeil Alexander-Walker, Minnesota Timberwolves guard

2024-25 stats: 9.4 ppg, 3.2 rpg, 2.7 apg, 43.8% FG, 38.1% 3PT, 78% FT

Alexander-Walker is in the final season of a two-year, $9 million contract, which makes him an unrestricted free agent in the summer. He has established himself as a viable rotation player, particularly on defense, where his length and athleticism are extremely valuable in the modern NBA.

12. Malik Beasley, Detroit Pistons guard

2024-25 stats: 16.3 ppg, 2.6 rpg, 1.7 apg, 43% FG, 41.6% 3PT, 67.9% FT

A veteran sharpshooter, Beasley is a plug-and-play sniper who should give any team instant contributions just from the volume of shots and accuracy he has from beyond the arc. Though he’s only an occasional starter, Beasley ranked seventh in the NBA in 3-point shots per game (9.3). But when lacing them at 41.6%, he should find plenty of suitors.

13. Kelly Oubre Jr., Philadelphia 76ers forward

2024-25 stats: 15.1 ppg, 6.1 rpg, 1.8 apg, 1.5 spg, 47% FG, 29.3% 3PT, 75.1% FT

He took on more responsibility with the series of injuries Philadelphia faced this season, and Oubre responded to become one of the team’s more consistent producers. He has plus athleticism, can get to the rim and his length allows him to defend many of the athletic wings in the NBA well enough.

14. Cam Thomas, Brooklyn Nets guard

2024-25 stats: 24 ppg, 3.8 apg, 3.3 rpg, 43.8% FG, 34.9% 3PT, 88.1% FT

Thomas is a restricted free agent and headed for a raise on his $4 million salary in 2024-25. Limited by injuries that sidelined him for more than half of the season, he can still get buckets and drop 20-plus in just about every game.

15. Bobby Portis, Milwaukee Bucks forward

2024-25 stats: 13.9 ppg, 8.4 rpg, 2.1 apg, 46.6% FG, 36.5% 3PT, 83.6% FT

Portis has a player option, so he would need to exercise it to remain with the team. Yet, if he opts to test the market, his ability to provide steady and solid scoring and rebounding off the bench could be appealing to any number of teams. A frequent contender for Sixth Man of the Year, Portis also brings instant energy and tenacity upon stepping on the floor.

16. Caris LeVert, Atlanta Hawks guard

2024-25 stats: 12.1 ppg, 3.4 apg, 3.2 rpg, 46.7% FG, 37.3% 3PT, 71% FT

LeVert will hit unrestricted free agency this summer following a two-year, $32 million contract. He had a nice season with Cleveland until it traded him, and he continued to excel as a scorer with Atlanta, where he got more offensive opportunities.

17. Quentin Grimes, Philadelphia 76ers guard

2024-25 stats: 14.6 ppg, 4.3 rpg, 3.0 apg, 46.7% FG, 38.5% 3PT, 75.7% FT

Grimes is a restricted free agent this summer, and he made the most of his opportunity after being traded from Dallas to Philadelphia. Grimes averaged 21.9 points on 46.9% shooting from the field and 37.3% on 3s and has scored at least 30 points five times with the 76ers, including 46 in an overtime loss against the Rockets.

18. Santi Aldama, Memphis Grizzlies center

2024-25 stats: 12.5 ppg, 6.4 rpg, 2.9 apg, 48.3% FG, 36.8% 3PT, 69.1% FT

Aldama is a restricted free agent in the offseason, and he turned into a valuable big man for the Grizzlies’ formidable frontcourt. The fourth-year big averaged career highs in points, rebounds, assists, field goal percentage and 3-point shooting percentage.

19. Brook Lopez, Milwaukee Bucks center

2024-25 stats: 13.0 ppg, 5.0 rpg, 1.9 bpg, 1.8 apg, 50.9% FG, 37.3% 3PT, 82.6% FT

Lopez had been a valuable player for the Bucks, who signed him to a two-year, $48 million contract in 2023. Will the two sides be able to reach terms on a new deal in free agency and continue a mutually beneficial relationship, or will Lopez find a new team?

20. Dorian Finney-Smith, Los Angeles Lakers forward

2024-25 stats: 8.7 ppg, 3.9 rpg, 1.4 apg, 44.8% FG, 41.1% 3PT, 66.7% FT

Finney-Smith has a $15.3 million player option on the 2025-26 season. One aspect is certain: Since acquiring him from Brooklyn in a trade in late December, Finney-Smith made the Lakers a better defensive team with his length and versatility.

21. Clint Capela, Atlanta Hawks center

2024-25 stats: 8.9 ppg, 8.5 rpg, 1.1 apg, 1 bpg, 55.9% FG, 53.6% FT

Capela finished a two-year, $45.8 million contract and will be an unrestricted free agent. He did lose his starting job midway through the season to Onyeka Okongwu, so that could affect his market. Playing his fewest minutes per game (21.4) since 2015-16, Capela’s per-36 minutes stats reveal a noticeable contribution: 14.9 points, 14.4 rebounds and 1.6 blocks.

22. Chris Paul, San Antonio Spurs guard

2024-25 stats: 8.8 ppg, 7.4 apg, 3.6 rpg, 1.3 spg, 42.7% FG, 37.7% 3PT, 92.4% FT

How much more does Paul want to play? He signed a one-year, $10.4 million contract last offseason and will have his choice of teams in unrestricted free agency if he wants to continue his playing career.

23. D’Angelo Russell, Brooklyn Nets guard

2024-25 stats: 12.6 ppg, 5.1 apg, 2.8 rpg, 1.0 spg, 39% FG, 31.4% 3PT, 83.4% FT

Though his scoring numbers were down, a career low that was below even his rookie season levels from 2015-16, Russell is still a player who can handle the ball and create for others, one who can ignite from 3-point range and one who can infuse instant offense into a system. Feasibly, what Russell has needed most is a clear definition of his role and stability.

24. Russell Westbrook, Denver Nuggets guard

2024-25 stats: 13.3 ppg, 6.1 apg, 4.9 rpg, 1.4 spg, 44.9% FG, 32.3% 3PT, 66.1% FT

Westbrook has a player option for 2025-26 at $3.4 million for the season. Was the partnership successful enough to get another season out of Westbrook in Denver? Will the Nuggets’ — and Westbrook’s — playoff success determine that?

25. Al Horford, Boston Celtics center

2024-25 stats: 9.0 ppg, 6.2 rpg, 2.1 apg, 42.3% FG, 36.3% 3PT, 89.5% FT

This has been another fruitful relationship at the end of Horford’s career. Following the end of a two-year, $19.5 million contract with the Celtics, Horford is an unrestricted free agent. Though didn’t have as good a season as last, he’s beloved by his teammates.

This post appeared first on USA TODAY

A former Kansas City Chiefs front office member is suing the franchise for tortious interference, race discrimination and retaliation.

Former NFL cornerback Ramzee Robinson worked for the Chiefs for the past nine years, most recently as the director of player engagement, according to a copy of the lawsuit obtained by USA TODAY.

In the lawsuit filed with the District Court for the Western District of Missouri, Robinson alleges that six days after working Super Bowl 59, he was called to his manager’s office and told that he had engaged in ‘conduct detrimental to the league.’ Robinson states this alleged conduct was attacking one of his direct reports. He alleges that his manager stated it was recorded on security cameras but refused to show him the video.

The lawsuit states the Chiefs terminated his employment on Feb. 15, 2025, and replaced him with the direct report he allegedly attacked.

The franchise has declined to comment on the lawsuit.

“We can’t comment because it’s an active legal matter,” Brad Gee, Chiefs vice president of football communications, told Pro Football Talk via text message. “But to be clear, the Chiefs do not tolerate discrimination of any kind. We look forward to the facts of this case coming to light.”

What you need to know about the lawsuit:

Chiefs lawsuit explainer

Robinson says the Chiefs used him as a ‘liaison to the players,’ meaning he was on-call for players ‘when they got in trouble, had family emergencies (death, injury, etc.), needed help with community engagement, or relocation,’ per the lawsuit.

The suit states he was involved in crisis management, locker room management, peer-to-peer relationships and player-to-coach mentorships. It also alleges that Robinson was on-site in New Orleans in February 2025 for the Chiefs’ game against the Philadelphia Eagles in Super Bowl 59, serving in a variety of roles.

Six days later, he was terminated from his position.

Robinson alleges that the Chiefs pay different salaries to employees based on race. His example was a former Black female employee who resigned after the franchise refused to give her a pay increase. Her replacement, a white female employee, allegedly received a 60% higher salary.

Robinson also alleges that he was declined the opportunity to interview for a similar position with the Houston Texans months before his termination. That interview request came after Chiefs president Mark Donovan allegedly ‘pressured (Robinson) to renew his contract and claimed that the contract would offer him stability.’ That event is part of the reasoning for the retaliation count.

The tortious interference stems from the Chiefs not allowing Robinson to interview with the Texans.

Who is Ramzee Robinson?

Robinson was the final selection of the 2007 NFL Draft (No. 255 overall) to the Detroit Lions. He spent two seasons with the Lions and played in 19 total games. He split the 2009 season between the Eagles (three games) and Cleveland Browns (four games).

He was an offseason member of the Washington Commanders in 2010 before being cut during final roster cuts. After two seasons out of football, he tried a comeback with the Denver Broncos but was a final roster cut again in the 2012 offseason.

In 26 total games played, Robinson tallied 37 tackles, one pass defensed and one fumble recovery.

This post appeared first on USA TODAY

The Los Angeles Lakers, one of the most iconic and valuable franchises in the NBA, is going to have new majority ownership.

The Buss family, led by Jeanie Buss, has reached an agreement to sell a majority ownership stake to businessman Mark Walter, the CEO and founder of holding company TWG Global, for a $10 billion valuation, a person with knowledge of the agreement confirmed to USA TODAY Sports.

The person spoke under the condition of anonymity because they were not authorized to publicly disclose details of the agreement.

The sale breaks the record for the most expensive purchase agreement of a U.S. pro sports franchise in history.

The person also confirmed that Jeanie Buss, 63, will remain in her position as the governor of the Lakers in the short-term, a setup that accounts for estate planning for the family. This arrangement is similar to the one longtime Celtics managing partner Wyc Grousbeck arranged in the March 2025 sale of that franchise to William Chisholm.

The Celtics sold for a $6.1 billion valuation, which had set the record for a North American sports franchise.

Walter is also the chairman and controlling owner of the Los Angeles Dodgers and also has interests in the WNBA’s Los Angeles Sparks, the Billie Jean Cup, the Cadillac Formula 1 team and the Professional Women’s Hockey League. Thanks to an investment he made in July 2021 in which he and business partner Todd Boehly acquired a 27% minority interest in the Lakers, Walter also was given the right of first refusal on the majority share of the Lakers, should the franchise become available for sale.

Former Lakers point guard and Hall of Famer Magic Johnson, who is also a member of the investment group Walter used to buy a controlling stake in the Dodgers, praised the move Wednesday, June 18, in a social media post.

“Laker fans should be estatic (sic),” Johnson wrote. “A few things I can tell you about Mark – he is driven by winning, excellence, and doing everything the right way. AND he will put in the resources needed to win! I can understand why Jeanie sold the team to Mark Walter because they are just alike – they are competitive people, l (sic) have big hearts, love to give back, and both prefer to be behind the scenes. This makes all the sense in the world. I am so so SO happy and excited for @Lakers fans all over the world!!”

Johnson added that Walter “is the best choice and will be the best caretaker” of the franchise.

The sale price actually dwarfed the team’s estimated valuation. According to Forbes, which publishes its annual list of valuations of sports franchises, the Lakers were ranked as the eighth-most valuable franchise in the world in 2024, valued at $7.1 billion.

Jerry Buss, the father of Jeanie, purchased the Lakers in 1979, and the family has had controlling ownership over the franchise since. The Lakers have won 18 NBA championships, second only to the Boston Celtics.

Jerry Buss died in February 2013, which prompted Jeanie, who had overseen the business side of the franchise, to take over as governor.

This post appeared first on USA TODAY

Tyrese Haliburton probably will be a ‘game-time decision’ for Game 6 of the NBA Finals against the Oklahoma City Thunder, putting the Indiana Pacers’ hopes of winning their first championship in jeopardy.

Pacers coach Rick Carlisle gave the update in a radio interview on 107.5 The Fan on Wednesday, June 18. The news comes a day after Haliburton had an MRI on his right leg, a person with knowledge of the situation confirmed to USA TODAY Sports. The person spoke under the condition of anonymity because they were not authorized to publicly discuss details of the injury.

‘He is going to be carefully evaluated over the next 36 hours and will likely be listed as questionable on the injury report and probably will be a game-time decision for Game 6,’ Carlisle said. ‘Everything is on the table.’

Haliburton went through Indiana’s entire 30-minute walkthrough, as well as a 25-minute film session. He confirmed during a news conference after the practice that he was diagnosed with a right calf strain.

The Pacers are facing an elimination game Thursday, June 19, against the Thunder and need Haliburton’s offense to have a chance at forcing a Game 7 in Oklahoma City. The Thunder easily won Game 5, 120-109, after Haliburton appeared to slip and injure his leg in the first quarter. OKC is seeking its second championship. The Thunder moved to OKC in 2008 from Seattle, where the franchise won the title in 1979 as the SuperSonics.

Carlisle said the Pacers do have to be prepared for the possibility Haliburton will not play. The Pacers went 4-5 this season in games which Haliburton did not appear. In such a case, Andrew Nembhard would likely move from shooting guard to point guard. In most cases this season when Haliburton did not play, Bennedict Mathurin moved into the starting lineup at shooting guard.

‘It’s pretty simple, we have to prepare for both,’ Carlisle said. ‘Today, when we meet with the team before we go on the floor and practice, is going to be more of a walkthrough at this point of the series. We’ll do a walkthrough, we’ll have some shooting. We’ll have some open practice the last 30 minutes with the media at the end, yeah, we have to prepare for two scenarios: one where he plays and one where he does not.’

Asked about how to handle rotations and minute counts, Carlisle stayed to the same line. ‘Everything is on the table,’ he said.

Haliburton is averaging 17.9 points and 9.1 assists per game in the playoffs. He’s hit game-winning or game-tying shots in four playoff comebacks for the Pacers to help them reach the NBA Finals for the first time since 2000 and the second in franchise history.

Haliburton fell while driving to the basket in the opening quarter of Game 5 and came up holding his right calf. He went to the locker room, but returned in the second quarter. He scored just four points and didn’t make a basket – both career playoff lows.

While it’s unclear how much – if at all – the leg injury is affecting his shooting, one thing is clear. The Pacers must have Haliburton’s offense to win the championship.

‘He’s not at a hundred percent,’ Carlisle said after Game 5. ‘It’s pretty clear, but I don’t think he’s going to miss the next game. We were concerned at halftime, and he insisted on playing.’

Haliburton was more forceful in his reply: ‘It’s the Finals, man. I’ve worked my whole life to be here and I want to be out there to compete. Help my teammates any way I can.

‘I was not great tonight by any means, but it’s not really a thought of mine to not play here. If I can walk, then I want to play. … Got to be ready to go for Game 6.’

Will Tyrese Haliburton play in NBA Finals Game 6?

Tyrese Haliburton and coach Rick Carlisle said after Game 5 that the Pacers guard would play. However, Carlisle also said they would monitor Haliburton and ‘evaluate everything with Tyrese.’ On Wednesday, June 18, Carlisle said it would be a ‘game-time decision.’

When will we know if Tyrese Haliburton is playing in NBA Finals Game 6?

The team could make a formal announcement any time, but the final injury report is due Thursday, June 19, by 5 p.m. ET.

When is NBA Finals Game 6?

The Oklahoma City Thunder will play the Indiana Pacers in Game 6 on Thursday, June 19.

Where is NBA Finals Game 6?

The game is at Gainbridge Fieldhouse in Indianapolis.

What time is NBA Finals Game 6?

Game 6 is at 8:30 p.m. ET.

What channel is broadcasting NBA Finals Game 6?

ABC will carry Game 6.

The biggest stories, every morning. Stay up-to-date on all the key sports developments by subscribing to USA TODAY Sports’ newsletter.

This post appeared first on USA TODAY

A new king reigns in TV land.

Streaming has officially surpassed broadcast and cable as a share of total television viewing, according to Nielsen data.

In May, streaming accounted for 44.8% of viewership, while broadcast (20.1%) and cable (24.1%) together represented 44.2% of overall people tuning in.

‘While many have expected this milestone to have occurred sooner, sporting events, news and new-season content have kept broadcast and cable TV surprisingly resilient,’ Brian Fuhrer, senior vice president at Nielsen, said in a video for Nielsen’s The Gauge monthly viewership report. ‘The trend, however, has been very consistent.’

While Netflix has boasted the most overall TV use for four years straight, YouTube has now seen four straight months of TV share increase, Nielsen said. The platform, owned by Google and its parent company, Alphabet, boasted the highest share of TV consumption among all streamers in May, with a 12.5% share. Rounding out the top five were Netflix, Disney-owned platforms including ESPN and Hulu, Amazon’s Prime Video, and the Roku Channel.

The three largest so-called free, ad-supported services, or FAST channels — Paramount’s Pluto TV, the Roku Channel and Fox’s Tubi — combined for 5.7% of total TV viewing in May, more than any individual broadcast network.

Streaming’s overall share is likely to remain neck and neck with traditional TV viewership for some time before it eventually surpasses it permanently in the near future, Nielsen said.

This post appeared first on NBC NEWS

Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.

‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.

The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’

Amazon employs more than 1.5 million people worldwide, according its most recent annual report.

This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.

Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’

He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’

Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.

Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.

Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images

Artificial intelligence has also been shown to be effective at coding for software programs.

Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’

Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.

‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.

Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.

The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’

This post appeared first on NBC NEWS

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally.

Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas.

“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history,” said Shawn Bradstreet, special agent in charge of the U.S. Secret Service’s San Francisco Field Office, in a statement.

Authorities said the network was connected to at least 400 suspected victims worldwide, including dozens in the U.S. Crypto fraud was responsible for more than $5.8 billion in reported losses last year, according to FBI data.

The seized funds are now subject to forfeiture proceedings aimed at eventually returning money to victims.

The U.S. Secret Service and FBI used blockchain analysis and other tools to trace the cryptocurrency back to stolen assets. The DOJ credited Tether, the world’s largest stablecoin issuer, for assisting in the operation.

According to the complaint, the funds were linked to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, commonly known as confidence scams that often involve romance.

The network relied on hundreds of thousands of transactions to obscure the origin of the funds, using sophisticated blockchain maneuvers to conceal the flow of stolen assets.

This post appeared first on NBC NEWS

Follow along with Frank as he presents the outlook for the S&P 500, using three key charts to spot bullish breakouts, pullback zones, and MACD signals. Frank compares bearish and bullish setups using his pattern grid, analyzing which of the two is on top, and explains why he’s eyeing SMCI and AMD as potential trades. From there, he wraps the show with a look at some ETF plays.

This video originally premiered on June 17, 2025.

You can view previously recorded videos from Frank and other industry experts at this link.