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Kevin Durant to Rockets part of record seven-team deal

July 7, 2025 Sport 2 Mins Read

The NBA offseason is still young, but we have likely already seen the biggest move. In late June, former MVP and two-time Finals MVP Kevin Durant was traded the Houston Rockets.

Though the trade was still unofficial, fans already knew some parts of it. We knew that the Rockets were giving up Dillon Brooks, Jalen Green, and the 10th-overall pick of the 2025 draft. Fans thought that was that, but oh no. There was much, much more to this trade.

On July 6, the trade became official, revealing that there were seven teams involved in the trade − the first such trade in NBA history, per ESPN. Six players, fifteen draft picks, and a bit of cash were all moved in order to move Kevin Durant to the Lone Star State. Here’s what to know.

Which teams were involved in the trade?

Obviously, the Houston Rockets and Phoenix Suns were involved, but other teams in on the action included the Atlanta Hawks, Brooklyn Nets, Golden State Warriors, Minnesota Timberwolves, and Los Angeles Lakers.

What did each team receive?

Phoenix Suns: Jalen Green, Dillon Brooks, 10th-overall pick (Khaman Maluach), 31st-overall pick (Rasheer Fleming), 41st-overall pick (Koby Brea), Daeqwon Plowden, a 2026 2nd-round pick, a 2032 second-round pick
Houston Rockets: Kevin Durant, Clint Capela, 2031 2nd-round pick swap
Golden State Warriors: 52nd-overall pick (Alex Toohey), 59th-overall pick (Jahmai Mashack)
Brooklyn Nets: 2026 2nd-round pick, 2030 2nd-round pick
Atlanta Hawks: David Roddy, 2031 2nd-round pick swap, cash considerations
Los Angeles Lakers: 36th-overall pick (Adou Thiero)
Minnesota Timberwolves: 45th-overall pick (Rocco Zikarsky), two future 2nd-round picks, cash considerations

Why did it take so long for the trade to become official?

The deal was not eligible to be completed until July 6, the start of the NBA’s 2025-26 official year. The delay allowed teams to satisfy salary cap requirements and actually enabled Phoenix to move the second-round picks it earned in the trade around in order to alleviate some salary cap penalties they would’ve otherwise had to endure.

What was the previous biggest trade in NBA history?

Just one year ago, the league saw a six-team trade between the Dallas Mavericks, Golden State Warriors, Minnesota Timberwolves, Denver Nuggets, Charlotte Hornets, and Philadelphia 76ers. The biggest player involved in this trade was five-time All-Star Klay Thompson, who was sent from the Golden State Warriors to the Dallas Mavericks.

This post appeared first on USA TODAY

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Is a Chinese chain’s blood orange cold brew the future of coffee in America?

July 7, 2025 Editor's pick 5 Mins Read

Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers away from Starbucks.

Both new Luckin stores are based in Manhattan, and at the midtown location on Wednesday, Sam Liu took a sip of her jasmine cold brew.

“I’ve never tried anything like it,” she said.

I thought I just order at the counter, but I realized everyone was standing around looking at their phone.

Luckin Customer Sam Liu, New York City

Liu said she’d hoped for more seating — the small shop has only three tables — and was initially confused by Luckin’s in-app ordering system, which means customers can’t order directly from a barista.

“I thought I just order at the counter, but I realized everyone was standing around looking at their phone,” Liu said.

Luckin is China’s largest coffee chain, with more than twice as many locations as Starbucks there. Its two New York City stores are its first foray outside Asia, where it has over 24,000 locations across the region. By comparison, there are over 17,000 Starbucks in the United States.

Its CEO, Guo Jinyi, called the U.S. “a strategically important market” for the company’s expansion in a press release heralding the two new locations Wednesday. “We are excited to introduce a diverse and unique coffee experience to American consumers.”

The company, which didn’t respond to a request for comment, has touted its ambitions to expand globally but hasn’t publicly detailed its next moves in the U.S. or other markets.

The chain has gained success overseas through creative drinks like alcohol-infused coffees and fruit lattes, along with its smartphone-centric ordering model. The app-based approach makes it easier to track inventory, send personalized appeals to consumers and serve drinks quickly, said John Zolidis, an analyst who tracks Luckin and Starbucks at the brokerage firm he founded, Quo Vadis Capital.

“Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China,” he said.

Drink orders ready for pickup or delivery inside one of the Manhattan Luckin shops on Monday.Anthony Behar / Sipa USA via AP

Zolidis said how Luckin fares on Starbucks’ home turf will depend on its ability to differentiate its menu from other major U.S. coffee chains and smaller, independent cafes. Its American lineup already includes distinctive drinks like blood orange cold brew and coconut lattes.

“These orange drinks, or one of their most successful, a coconut cloud latte — that’s how you get trial [customers] from the U.S.,” Zolidis said.

Luckin faced financial troubles during the pandemic. It was delisted from Nasdaq in 2020 after its stock plunged following an internal investigation that found an executive had falsified revenue reports. The company filed for bankruptcy in the U.S. the following year but emerged from proceedings in 2022 and its sales have soared since, reaching $4.7 billion worldwide in fiscal year 2024, a 38.4% increase from 2023.

Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China.

John Zolidis, Founder, Quo Vadis Capital

Starbucks, by contrast, is struggling in both the U.S. and China. Its same-store sales in the U.S. declined 2% and its sales in China 8% in fiscal year 2024, and it reported in April that its quarterly profit was half of what it pulled in for the same period last year. The Seattle-based chain is reportedly looking to partially sell its business in China while revamping its U.S. strategy to focus on customer experience and human connection, in contrast with Luckin’s model.

“We veered away from, I think, owning the idea of the ‘third place,’ the coffeehouse experience, making sure that the customer was front and center,” Starbucks CEO Brian Niccol told NBC News in June.

A Starbucks spokesperson declined to comment.

Zolidis said that whereas Starbucks aims in both the U.S. and China to appeal to customers looking for higher-end coffee served in an inviting setting, Luckin has successfully positioned itself as the “everyman’s coffee” in China, with low prices and small, grab-and-go storefronts.

After taking the train in from Hoboken, New Jersey, to check out the new one in midtown, Samantha Coy said the trip was worth it. She had enjoyed Luckin in China previously and was eager to order one of its fruit drinks.

“I’m surprised Starbucks hasn’t tried to bring that over to the U.S.,” Coy said. “I hope they stay open.”

Zolidis said he thinks Luckin is well-positioned to gain a foothold in America.

“They’ve been able to operate and grow incredibly quickly in the Chinese market, much faster than I would have thought possible, and they’ve been able to sustain it and develop a strong financial model so they can fund their expansion in the U.S.,” Zolidis said. “They wouldn’t be coming here to try it if they didn’t think they had a shot of owning part of the market.”

This post appeared first on NBC NEWS

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Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

July 6, 2025 Investing 7 Mins Read

The stock markets had a dynamic start to the third quarter, pushing indices to new highs after earlier tariff concerns.

On Monday (June 30), markets generally saw strong gains, with the S&P 500 (INDEXSP:INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) reaching new record highs in the US while the S&P/TSX Composite Index (INDEXTSI:OSPTX) climbed higher after a last-minute policy reversal to rescind a planned digital services tax targeting US tech firms.

Tuesday (July 1), Canadian markets were closed for Canada Day. As for US markets, following two consecutive days of highs, the S&P and Nasdaq declined on Tuesday (July 1) after a renewed feud between Tesla (NASDAQ:TSLA) CEO Elon Musk and US President Donald Trump sent Tesla shares down by over 5 percent.

However, tech stocks boosted the performance of both Canadian and US markets on Wednesday (July 2) and Thursday (July 3) after export restrictions to China were lifted and the US labor market reported better-than-expected unemployment data.

US markets were closed on Friday (July 4) for a holiday, while Canadian markets ended the day slightly positive.

1. Meta announces AI restructure, continues talent acquisition

Last weekend, reports surfaced that Meta Platforms (NASDAQ:META) has hired four additional researchers from OpenAI, bringing the total number of high-profile AI talent poached from other tech labs to 13, according to a tweet from former Scale AI CEO Alexandr Wang, who was recently recruited as Meta’s Chief AI Officer.

Then, in an internal memo to employees on Monday, Meta CEO Mark Zuckerberg unveiled the company was restructuring its AI division under the name Meta Superintelligence Labs. According to the memo, which was reviewed by Bloomberg, the new division will be led by Wang and one of its commitments is ‘developing AI ‘superintelligence’ or systems that can complete tasks as well as or even better than humans.’

Meta has reportedly offered researchers contracts and signing bonuses worth up to US$100 million; however, Chief Technology Officer Andrew Bosworth has pushed back on those reports, claiming the figures are inflated.

Helen Toner, a former OpenAI board member and director of strategy at Georgetown’s Center for Security and Emerging Technology, told Bloomberg TV’s Haslinda Amin on Thursday that Meta’s bid to become an AI leader would be “difficult” considering its track record of internal dysfunction and questions around the return on its massive talent spending.

“Meta has started to get a reputation of having a little bit of a dysfunctional AI team, not really having its organizational structure set up in a way that really lets them succeed and innovate. And what I think we’re seeing here is CEO Mark Zuckerberg really stepping in and saying, well, we have to do something differently. We need a big new push, we need a big new effort,’ she said.

‘I think (Meta is) really trying to start something new, to pour enormous amounts of financial resources into that. So the question (to watch) is six months from now, 12 months from now, is that paying off for them?’

2. Apple considers third-party AI for Siri overhaul

Apple (NASDAQ:AAPL) is reportedly in active discussions with Anthropic and OpenAI to integrate their foundation models into an overhauled version of its voice assistant Siri, a significant pivot from the company’s in-house approach to AI. According to people familiar with the discussions who spoke to Bloomberg, Apple has asked both companies to train versions of their models that could be tested on Apple’s infrastructure, the publication reported Monday.

Apple announced plans to release a new version of its voice assistant at its Worldwide Developers Conference in 2024. The release was slated for 2026, but the company has run into multiple engineering snags and delays, and ultimately replaced John Giannandrea with Mike Rockwell as the new Siri chief executive.

Rockwell and software engineering head Craig Federighi launched an evaluation, instructing staff to assess Siri’s performance using third-party tech, including Anthropic’s Claude, OpenAI’s ChatGPT and Alphabet’s (NASDAQ:GOOGL) Gemini.

According to Bloomberg’s sources, the team found Anthropic’s technology most promising for Siri, leading Apple’s vice president of corporate development to open discussions with Anthropic.

Bloomberg’s sources maintain that the development of an in-house model is still active, and Apple hasn’t made a final decision on using third-party models.

Apple shares closed up 6.24 percent for the week.

Apple’s share price performance, June 30 to July 3, 2025.

3. Oracle and OpenAI ink massive computing deal

OpenAI will rent roughly 4.5 gigawatts of computing power from Oracle (NYSE:ORCL) as part of the Stargate Project, according to sources for Bloomberg. The news follows a US$30 billion single cloud deal announced on Monday with an unnamed customer.

The Stargate energy deal is reportedly a component of that larger contract.

Sources added that Oracle will develop multiple data centers in the US, considering sites in Texas, Michigan, Wisconsin and Wyoming, and that the company will expand its recently built center in Abilene, Texas, to accommodate about two gigawatts of power capacity.

This collaboration underscores the escalating demand for high-performance computing necessary to train and operate advanced AI models. OpenAI, a leader in AI research and development, requires immense computational resources to fuel its projects, including large language models and other sophisticated AI applications.

The Stargate initiative positions Oracle as a crucial enabler of this next generation of AI innovation, solidifying its role in the evolving cloud and AI ecosystem. The long-term implications of this partnership could see a significant shift in how AI companies acquire and manage their computational infrastructure, potentially paving the way for more dedicated and extensive cloud partnerships in the future.

Oracle’s share price performance, July 1 to July 3, 2025.

4. CoreWeave deploys first Nvidia GB300-powered AI server

CoreWeave (NASDAQ:CRWV) said it has received the first AI server system built around NVIDIA’s (NASDAQ:NVDA) ultra-powerful GB300 Grace Blackwell AI chip.

The server is deployed within Dell’s (NYSE:DELL) integrated rack-scale system — a turnkey AI infrastructure platform combining compute, networking and cooling — and features 72 of Nvidia’s GB200 chips.

CoreWeave said it will install the cutting-edge hardware in the US and roll out more servers over time. The company will offer the server as part of its AI cloud platform, allowing clients like OpenAI to train and deploy massive, next-generation AI models with faster speeds and greater efficiency.

In the announcement, CoreWeave claimed the NVIDIA GB300 NVL72 significantly boosts AI reasoning performance, offering a 10 times improvement in user responsiveness and five times better throughput per watt than the Hopper server. This translates to an increase of fifty times in reasoning model inference output, enabling faster, more complex AI models.

5. US lifts EDA software export restrictions to China

License requirements for design software sales in China were lifted this week as part of a trade deal between the US and China.

On July 2, the US Commerce Department told Synopsys (NASDAQ:SNPS), Cadence Design Systems (NASDAQ:CDNS) and Siemens (XETR:SIE), three of the world’s leading design software providers, that they would no longer need to seek government licenses to conduct business in China.

Official announcements from the companies confirmed they would be resuming business with Chinese counterparts, sending each of their stock prices up between 3 and 6 percent.

The US government restricted sales of electronic design automation (EDA) tools to China in late May as a response to China’s decision to limit shipments of essential rare earth minerals. Last week, the two countries reached a trade agreement that would re-allow shipments of EDA software after Beijing speeds up approvals of critical mineral exports to the US.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Sport

Key Yankees pitcher expected to get Tommy John surgery

July 6, 2025 Sport 2 Mins Read

The New York Yankees were already limping into the second half of the season. Now, they’ll find themselves yet another arm short as they try to stop the bleeding in the American League East.

Right-hander Clarke Schmidt will likely undergo Tommy John surgery, manager Aaron Boone announced Saturday, which would end Schmidt’s season and likely keep him shelved through most of 2026.

The elbow reconstruction is the Yankees’ second this year, following ace and reigning Cy Young Award winner Gerrit Cole going under the knife during spring training. And it comes with the Yankees having lost five in a row and 15 of their past 21.

That skid took them from a 4 ½-game lead in the East to two games behind the Toronto Blue Jays and tied for second with the Tampa Bay Rays. And it further weakens their rotation depth as they await the return of reigning Rookie of the Year Luis Gil, who has been out all season with a lat injury.

Gil could soon begin a rehab assignment and is expected to be back by the end of this month.

Schmidt, 29, wasn’t so fortunate. He’d been placed on the injured list with forearm discomfort before additional imaging revealed the likely need for major surgery. Schmidt was 4-4 with a 3.32 ERA in 14 starts this season, and was part of the Yankees’ playoff rotation last season as they reached the World Series for the first time since 2009.

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Former NBA player Ben McLemore found guilty of rape, two other counts

July 6, 2025 Sport 1 Min Read

Former NBA player Ben McLemore was found guilty on Thursday, July 3 of raping a woman.

The 32-year-old was found guilty on three counts: first-degree rape, first-degree unlawful sexual penetration and second-degree sexual abuse, according to a Clackamas County (Oregon) press release.

After an 11-day trial, the jury spent about 10 hours in deliberation. McLemore’s sentencing is scheduled for Wednesday, July 9 at 9:30 a.m. local time.

The charges stemmed from a party in October 2021 at a Lake Oswego, Oregon, home owned by Robert Covington, a teammate of McLemore when both played for the Portland Trail Blazers.

The woman who accused McLemore said she was incapacitated after a night of heavy drinking during the party, and was unable to give consent for the sexual encounter.

Who is Ben McLemore?

McLemore played at the University of Kansas before becoming a first-round pick (seventh overall) in the 2013 NBA Draft by the Sacramento Kings. He also played for the Trail Blazers, Memphis Grizzlies, Houston Rockets and Los Angeles Lakers.

He averaged nine points, 2.3 rebounds and one assist a game during his NBA career.

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With Caitlin Clark still out, Fever have three-game win streak snapped

July 6, 2025 Sport 4 Mins Read

Kelsey Plum and the Los Angeles Sparks defeated the Indiana Fever for a second time in as many weeks, winning 89-87, on Saturday, July 5.

The Fever, who were playing without All-WNBA guard Caitlin Clark, had their win streak snapped after three games.

Indiana had a chance to take the lead and win the game at the buzzer, but Aliyah Boston came up short on her shot attempt. The Fever held a lead as large as eight points during the game.

The Sparks trailed at the end of each of the first two quarters but turned things around in the third quarter to take a 1-point lead going into the final period.

Four of the Sparks’ five starters finished the game with double-digit points. Azura Stevens produced a double-double with a team-high 21 points and 12 rebounds in the Sparks’ victory. Plum added 20 points, three assists and three rebounds. Forward Dearica Hamby added 18 points and Rickea Jackson had 15 points.

Boston finished with 23 points and 12 rebounds for the Fever. Natasha Howard almost had a double-double after recording 21 points and nine rebounds.

The Fever will host the Golden State Valkyries on Wednesday, July 9. The Sparks will host the Minnesota Lynx on Thursday, July 10.

Highlights: Sparks 89, Fever 87

3Q: Sparks 70, Fever 69

Azura Stevens had 17 points and six rebounds for the Sparks after three quarters of play. Dearica Hamby and Kelsey Plum each had 16 points.

Natasha Howard had 19 points and seven rebounds for the Fever. Aliyah Boston produced a double-double with 17 points and 10 rebounds before the final quarter of regulation.

Halftime: Fever 45, Sparks 42

Aliyah Boston shot 6-of-10 from the field while finishing the first half with 13 points, seven rebounds and a block. Natasha Howard added eight points and five rebounds for the Fever.

‘We have to be a lot more disciplined on the defensive end,’ Boston said during a halftime interview on NBA TV. ‘They’re getting some pretty clean looks. They’ve gotten some second-chance points. So we have to make sure we clean that up.’

Kelsey Plum had a team-high 11 points for the Sparks. Azura Stevens had nine points and six rebounds in the first half but was limited to just two points in the second quarter.

1Q: Fever 23, Sparks 21

Aliyah Boston had seven points and five rebounds for Indiana in the opening period against Los Angeles. Kelsey Mitchell added eight points. Both women played all 10 minutes in the quarter.

Azura Stevens led the Sparks with seven points and four rebounds in eight minutes of play. Dearica Hamby added six points, two rebounds and two assists in 10 minutes.

Caitlin Clark ruled out with groin injury

Indiana Fever star Caitlin Clark missed her fifth consecutive game due to a left groin injury on Saturday.

It’s the 10th game that Clark has missed this season, including the Fever’s 74-59 victory over the Minnesota Lynx in the Commissioner’s Cup final on July 1.

The Fever have remained competitive without Clark, winning the last three games that followed a loss to the Los Angeles Sparks on June 26.

Clark has begun to work her way back by participating in drills and was spotted sitting on the bench during the game on Saturday.

Fever coach Stephanie White indicated that Clark would ideally be back in the lineup to play when she wouldn’t need to be on a minutes restriction.

Fever starting lineup vs. Sparks

Guard Kelsey Mitchell, guard Aari McDonald, guard Lexie Hull, forward Natasha Howard and forward-center Aliyah Boston make up the starting lineup on Saturday.

Sparks starting lineup vs. Fever

Guard Julie Allemand, guard Kelsey Plum, forward Rickea Jackson, forward Dearica Hamby and forward-center Azura Stevens will start against the Fever tonight.

How to watch Los Angeles Sparks vs. Indiana Fever: TV, stream

Date: Saturday, July 5
Time: 7 p.m. ET
Location: Gainbridge Fieldhouse, Indianapolis, Indiana
TV: NBA TV
Live stream: Fubo

The game will be available to view on demand on WNBA League Pass after it concludes.

Watch Fever vs Sparks with Fubo

This post appeared first on USA TODAY

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Real Madrid beats Dortmund, will face PSG in Club World Cup semis

July 6, 2025 Sport 7 Mins Read

Real Madrid survived a frantic finish against Borussia Dortmund to reach the FIFA Club World Cup semifinals. And they have their French World Cup champion and Golden Boot winner to thank for helping them advance.

Kylian Mbappé scored in stoppage time to keep them ahead, goalkeeper Thibaut Courtois made a crucial save on the final play, and Real Madrid advanced past Dortmund, 3-2, in in their quarterfinal match on Saturday, June 5, at MetLife Stadium in East Rutherford, N.J.

Mbappé’s scored his first goal at the Club World Cup (90’+4’) with ideal timing. His fallaway right boot was the insurance Real Madrid needed, answering a goal scored by Dortmund’s Maximilian Beier (90’+2’), and coming before Serhou Guirassy scored a penalty (90’+8’) in the chaotic final minutes.

Courtois saved a right boot fired by Dortmund’s Marcel Sabitzer in the closing seconds to secure the victory, which Real Madrid had in hand for most of the match as Gonzalo García (10’) and Fran García (20’) built the early lead they barely sustained.

The Club World Cup semifinals are set: Premier League standouts Chelsea will face Brazilian side Fluminense in the first semifinal on Tuesday, July 8.

Real Madrid — which beat Dortmund in the 2024 Champions League final before Mbappé joined the club — will meet the 2025 Champions League winners Paris Saint-Germain, Mbappé’s old team, in the other semifinal on Wednesday, July 9.

Both semifinals, and the Club World Cup final on Sunday, July 13 will be played at MetLife Stadium.

PSG VS. BAYERN: UEFA Champions League winners move onto Club World Cup semifinals

Mbappé entered as a substitute in the 68^th minute, playing to the final whistle in his second consecutive match of the tournament. He missed the first three matches due to a stomach flu that caused him to be briefly hospitalized on June 19.

With Mbappé sidelined, Gonzalo García has made the most of his opportunity. He has scored four goals in Real Madrid’s five Club World Cup matches.

However, Mbappé proved his importance to Real Madrid’s Club World Cup title chances with his clutch score to help them advance to the semifinals.

Watch every Club World Cup game free on DAZN

Real Madrid vs. Dortmund, Club World Cup highlights

Real Madrid 3, Dortmund 2: Thibaut Courtois makes save to end match

What a save by Real Madrid goalkeeper Thibaut Courtois on the final play of the match, stoppage a shot by Dortmund’s Marcel Sabitzer. Real Madrid survives and advances.

Real Madrid 3, Dortmund 2: Serhou Guirassy scores penalty

Dortmund’s Serhou Guirassy has scored a penalty in stoppage time (90’+8’), after being fouled by Real Madrid’s Dean Huijsen in the penalty area.

Real Madrid 3, Dortmund 1: Kylian Mbappé scores goal

Kylian Mbappé scored a fall-away goal with his right boot in added time (90’+4’) to punch Real Madrid’s ticket to the semifinal.

Real Madrid 2, Dortmund 1: Maximilian Beier scores goal

Dortmund trimmed the deficit with three minutes left to play. Maximilian Beier scored in added time (90’+2’) to make it 2-1. We’ll see if Real Madrid can close this out.

Real Madrid 2, Dortmund 0: Mbappé, Modric enter in second half

Real Madrid will make some substitutes with Mbappé, Ballon d’Or winner Luka Modric and Dani Ceballos coming on in the 68^th minute for Jude Bellingham, Vinicius Junior and Trent Alexander-Arnold.

Will Mbappé enter in second half for Real Madrid?

Real Madrid leads 2-0, but it is unclear when Mbappé will enter the match as a substitute if he does. He was not listed as a starter in Real Madrid’s starting lineup for the match.

Real Madrid 2, Dortmund 0: Halftime update

Real Madrid is one half away from advancing in the Club World Cup. They control the match with two goals in the first 20 minutes from Gonzalo García (10′) and Fran García (20′), while Vinicius Junior and Jude Bellingham have spoiled opportunities to increase their lead. Dortmund had only one shot on goal from three attempts, despite controlling 58.5% possession in the first half.

Real Madrid 2, Dortmund 0: Jude Bellingham misses shot on goal

Real Madrid’s Jude Bellingham nearly scored inside the box in the 27^th minute, but his shot veered to the right of the net. It was a missed opportunity by Bellingham, who played for Dortmund from 2020-23, to triple Real Madrid’s lead in the first half.

Real Madrid 2, Dortmund 0: Fran García scores goal

Fran García has scored Real Madrid’s second goal, sneaking a left boot into the back of the net in the 20^th minute.

It’s early, but everything is going Real Madrid’s way in this quarterfinal against Dortmund.

Real Madrid 1, Dortmund 0: Gonzalo García scores goal

Real Madrid received another goal from its breakout star in the Club World Cup: Gonzalo García has scored in the 10^th minute, his fourth goal in five matches during the tournament.

García has started in place of Kylian Mbappé, who was sidelined with a stomach flu for the first three matches of the tournament and returned off the bench against Juventus in the last round. The decision to start García over Mbappé appears to have already paid off for Real Madrid coach Xabi Alonso.

Real Madrid, Dortmund players honor Diogo Jota

How to watch Real Madrid vs. Dortmund live stream link?

The match is also available to live stream for free on DAZN.

How to watch Real Madrid vs. Dortmund match on TV?

The match will be broadcast by TNT and TruTv in English, and Univision and TUDN in Spanish in the United States.

What time is Real Madrid vs. Dortmund match?

The match begins at 4 p.m. ET (10 p.m. in Madrid and Dortmund, Germany)

Is Mbappé playing? Real Madrid starting lineup vs. Dortmund

Mbappé is expected to play, but will come on as a substitute. He was not listed as a starter in Real Madrid’s starting lineup for the match.

Borussia Dortmund starting lineup vs. Real Madrid

Is Jobe Bellingham playing today?

No, Jobe Bellingham is not playing for Dortmund because of a yellow card accumulation in the Club World Cup. He won’t play against his older brother, Jude for Real Madrid.

What did the coaches say before Real Madrid vs. Dortmund match?

It will be the fifth match for Xabi Alonso as Real Madrid’s coach, taking over during their Club World Cup run after leading Bayer Leverkusen in Germany.

“It will be an intense game, and we need to perform at a high level. We’re looking forward to it,” Alonso told reporters before the match.

Dortmund’s Niko Kovac orchestrated the club’s epic comeback from 10^th place to fourth to finish the Bundesliga season.

“We’re expecting a lot of supporters, especially for Real Madrid,” Kovac told reporters. “We’re here as an underdog, but we also want to show our best face and hopefully – this is what we are believing – we can pass to the next round.”

Real Madrid vs. Dortmund betting odds

Here are the betting odds during regular time, according to BETMGM.

Real Madrid: -165
Draw: +333
Dortmund: +400
Over/under: 3.5 goals

Who will Real Madrid-Dortmund winner face in Club World Cup semifinal?

The winner of the Real Madrid-Dortmund match will face Paris Saint-Germain in the Club World Cup semifinal on July 9 at MetLife Stadium.

Which teams are already in the Club World Cup semifinals?

Premier League standouts Chelsea and Brazilian club Fluminense in the first Club World Cup semifinal on July 8 at MetLife Stadium.

Chelsea beat Palmeiras (Brazil) 2-1, while Fluminense topped Al-Hilal (Saudi Arabia) 2-0 on July 4.

When is the FIFA Club World Cup final?

The Club World Cup final will be played on Sunday, July 13 at 3 p.m. ET inside MetLife Stadium in East Rutherford, NJ.

This post appeared first on USA TODAY

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Key information for Sunday’s NASCAR race on the streets of Chicago

July 6, 2025 Sport 5 Mins Read

NASCAR’s inaugural In-Season Challenge got off to a chaotic start last week at Atlanta. Chase Elliott won on his home track in what became an event of attrition following multiple big wrecks.

More than one-third of the grid did not finish the June 28 race at EchoPark Speedway, and Elliott passed leader Brad Keselowski on the final lap to take victory by 0.168 seconds.

That victory marked Elliott’s first win since his win at Texas Motor Speedway back in April 2024. It also closed the gap at the top of the drivers’ standings from Elliott in second to points leader William Byron, who was caught in one of the wrecks. Elliott now sits 37 points behind Byron atop the standings.

With many drivers knocked out of contention before the checkered flag, the in-season challenge bracket saw plenty of upsets. Top seed Denny Hamlin’s DNF gave No. 32 seed Ty Dillon the win and eliminated the Joe Gibbs Racing driver from contention. Same goes for Hamlin’s JGR teammate Chase Briscoe, the No. 2 seed.

This week marks the only street course event on the Cup Series calendar in 2025, so there will likely be even more surprises in store. Here’s everything you need to get ready for the Cup Series race in Chicago on July 6:

What time does the NASCAR Cup race in Chicago start?

The Grant Park 165 is scheduled to start at 2 p.m. ET (1 p.m. local) Sunday, July 6, on the street course in downtown Chicago.

What TV channel is the NASCAR Cup race in Chicago on?

The Grant Park 165 will be broadcast on TNT. It’s the second of four races to be broadcast on the network. Pre-race coverage will start at 1 p.m. ET.

Will there be a live stream of the NASCAR Cup race in Chicago?

Yes, the Grant Park 165 will be streamed on WatchTNT, Max and Sling TV.

Stream the NASCAR race at Chicago on Sling

How many laps is the NASCAR Cup race in Chicago?

The Grant Park 165 is 75 laps around the 2.2-mile track for a total of 165 miles. The race will have three segments (laps per stage) — Stage 1: 20 laps; Stage 2: 25 laps; Stage 3: 30 laps.

Who won the NASCAR Cup race at Chicago last year?

Alex Bowman led the final eight laps, taking the lead on Lap 51 of the shortened race that ended with a countdown clock on Lap 58 instead of the scheduled 75 after weather disrputed the race. When the clock hit zero, Bowman needed to maintain his lead for two laps – taking the white flag and the checkered flag – to earn his lone victory of 2024. Bowman pulled away from Tyler Reddick and won by 2.863 seconds.

NASCAR In-Season Challenge second round matchups

Thirty-two drivers qualified for the inaugural in-season challenge and 16 were eliminated in Atlanta. The 16 winners advanced to the second round and make up the remaining bracket. Here’s how things look entering Chicago:

Top half of draw

No. 17 Brad Keselowski vs. No. 32 Ty Dillon
No. 8 Alex Bowman vs. No. 9 Bubba Wallace
No. 5 Chase Elliott vs. No. 12 John Hunter Nemechek
No. 20 Erik Jones vs. No. 29 Ricky Stenhouse Jr.

Bottom half of draw

No. 15 Ryan Preece vs. No. 31 Noah Gragson
No. 23 Tyler Reddick vs. No. 26 Carson Hocevar
No. 6 Ty Gibbs vs. No. 22 A.J. Allmendinger
No. 3 Chris Buescher vs. No. 14 Zane Smith

What is the lineup for the Grant Park 165 at Chicago?

Shane van Gisbergen, No. 88 Trackhouse Racing Chevrolet
Michael McDowell, No. 71 Spire Motorsports Chevrolet
Carson Hocevar, No. 77 Spire Motorsports Chevrolet
Tyler Reddick, No. 45 23XI Racing Toyota
Chase Briscoe, No. 19 Joe Gibbs Racing Toyota
Kyle Busch, No. 8 Richard Childress Racing Chevrolet
Ryan Preece, No. 60 RFK Racing Ford
Chris Buescher, No. 17 Roush Fenway Keselowski Racing Ford
Ty Gibbs, No. 54 Joe Gibbs Racing Toyota
Austin Dillon, No. 3 Richard Childress Racing Chevrolet
Alex Bowman, No. 48 Hendrick Motorsports Chevrolet
Joey Logano, No. 22 Team Penske Ford
Christopher Bell, No. 20 Joe Gibbs Racing Toyota
Kyle Larson, No. 5 Hendrick Motorsports Chevrolet
Brad Keselowski, No. 6 Roush Fenway Keselowski Racing Ford
AJ Allmendinger, No. 16 Kaulig Racing Chevrolet
Ryan Blaney, No. 12 Team Penske Ford
Daniel Suarez, No. 99 Trackhouse Racing Chevrolet
Will Brown, No. 13 Kaulig Racing Chevrolet
Todd Gilliland, No. 34 Front Row Motorsports Ford
Riley Herbst, No. 35 23XI Racing Toyota
Ross Chastain, No. 1 Trackhouse Racing Chevrolet
Cole Custer, No. 41 Haas Factory Team Ford
Noah Gragson, No. 4 Front Row Motorsports Ford
John Hunter Nemechek, No. 42 Legacy Motor Club Toyota
Zane Smith, No. 38 Front Row Motorsports Ford
Austin Cindric, No. 2 Team Penske Ford
Justin Haley, No. 7 Spire Motorsports Chevrolet
Josh Berry, No. 21 Wood Brothers Racing Ford
Austin Hill, No. 33 Richard Childress Racing Chevrolet
Josh Bilicki, No. 66 Garage 66 Ford
Ricky Stenhouse Jr., No. 47 HYAK Motorsports Chevrolet
Katherine Legge, No. 78 Live Fast Motorsports Chevrolet
Erik Jones, No. 43 Legacy Motor Club Toyota
Cody Ware, No. 51 Rick Ware Racing Ford
Ty Dillon, No. 10 Kaulig Racing Chevrolet
Bubba Wallace, No. 23 23XI Racing Toyota
William Byron, No. 24 Hendrick Motorsports Chevrolet
Chase Elliott, No. 9 Hendrick Motorsports Chevrolet
Denny Hamlin, No. 11 Joe Gibbs Racing Toyota

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Stock

Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher

July 5, 2025 Stock 4 Mins Read

After a strong move in the week before this one, the Nifty spent the last five sessions largely consolidating in a very defined range. The markets traded with a weak underlying bias and lost ground gradually over the past few days; however, the drawdown remained quite measured and within the expected range. As the markets consolidated, the trading range got narrower. The Nifty moved in a 337-point range during the week. While the Index formed a near-similar high, it marked a much higher low. The volatility also retraced; the India VIX came off by 0.59% to 12.31. While showing no intention to trend higher, the headline Index closed with a net weekly loss of 176.80 points (-0.69%).

The Nifty has created an intermediate resistance zone between 25600 and 25650. A trending move on the upside would happen only if the Nifty is able to take out this zone on the upside convincingly. Until that happens, we will see the Nifty continuing to consolidate with 25100 acting as support. This is the prior resistance level, which is expected to act as support in case of any corrective retracement. So long as the Nifty is inside the 25000-25650 zone, it is unlikely to develop any sustainable directional bias on either side.

Friday was a trading holiday in the US. Because of this, we will not have any overnight cues to deal with on Monday. The Indian markets may see a stable and quiet start. The levels of 25650 and 25800 are likely to act as probable resistance points. Support levels come in at 25250 and 25000.

The weekly MACD is bullish and remains above its signal line. The weekly RSI is 62.40; it stays neutral and does not show any divergence against the price. No major formation was noticed on the candles.

The pattern analysis of the weekly chart reveals that after breaking above the rising trendline resistance and moving past the 25000-25150 zone, the Nifty consolidated after trending higher for four consecutive days. Over the past week, it gave up a portion of its gains and consolidated at higher levels. In the process, it has dragged its support level higher to 25000. As long as the Index remains above this point, the breakout and the resumption of the upmove observed in the preceding week remain valid and intact.

Overall, it is expected that the Nifty will remain within the 25000-25650 range over the coming week. The markets are unlikely to develop any directional bias unless they move past the 25650 level or violate the 25000 level. Sector rotation within the market is very much visible; it would be imperative to efficiently rotate sectors and stay invested in those that show improved relative strength and a promising technical setup. We are likely to see improved performance in the Auto, Energy, IT, and broader markets, among other sectors. It is also strongly recommended to protect profits here, where the stocks have run up hard. Any aggressive shorting should be avoided as long as the Nifty stays above the 25000 level. A cautiously positive approach is advised for the coming week.

Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks.

Relative Rotation Graphs (RRG) show that the Nifty PSU Bank Index and the Midcap 100 Index are the only two groups that are inside the leading quadrant. They are likely to outperform the broader markets relatively.

The Nifty Infrastructure Index is experiencing an improvement in its relative momentum while it remains within the weakening quadrant. Additionally, the PSE, Nifty Bank, and the Financial Services Index are located within the weakening quadrant. While individual stock-specific performance may not be ruled out, the overall relative performance may take a backseat.

The Commodities Index and the Services Sector Index have rolled into the lagging quadrant. The Consumption, Pharma, and the FMCG Indices also continue to languish inside the lagging quadrant. The Metal Index is showing a sharp improvement in its relative momentum against the broader markets, while staying within the lagging quadrant.

The IT, Energy, Media, Realty, and Auto Indices are inside the Improving quadrant. They continue to rotate firmly while improving their relative performance against the broader Nifty 500 Index.

Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.

Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

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Investing

Quimbaya Gold Closes $4 Million Financing and Expands Executive Team

July 5, 2025 Investing 8 Mins Read

Cornerstone investor brings proven regional track record; company now fully funded into 2026 for multi-project advancement in Colombia

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the closing of its upsized non-brokered private placement of 11,525,299 units of the Company (each, a ‘Unit’) at a price of C$0.35 per Unit for gross proceeds of $4,033,854 (the ‘Offering’).

Each Unit is comprised of one common share in the capital of the Company (a ‘Share‘) and one common share purchase warrant (a ‘Warrant‘). Each Warrant entitles the holder to acquire one Share at a price of C$0.60 per Share for a period of 36 months expiring on July 4, 2028.

As previously disclosed, the upsizing was driven by a single investor group with a long-term outlook and a successful track record of supporting exploration and development projects in South America. The Company views this as a strong endorsement of its team, strategy, and pipeline of high-potential assets across Colombia’s Antioquia district.

‘With this raise, we are now well-funded into 2026,’ said Alexandre P. Boivin, President & CEO. ‘These funds will allow us to deepen our work at the Tahami South project while expanding efforts across the broader portfolio. We’re committed to smart, disciplined execution and are very encouraged by the high conviction backing we’ve received.’

The proceeds from the Offering will be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

Clarification on Finder’s Fees and Warrants

The Company wishes to clarify that a cash commission of $16,800 was paid and 48,000 broker warrants were issued in connection with the Offering. However, as previously disclosed, no commissions or other broker compensation were paid on the strategic investment that drove the upsizing.

In connection with the Offering, the Shares, Warrants and broker warrants are subject to a four-month and one-day hold period expiring on November 4, 2025.

Insider Participation

Certain insiders of the Company participated in the Offering subscribing for an aggregate of 435,714 units for an aggregate subscription amount of $152,500. Each of the subscriptions from insiders constitutes a ‘related party transaction’ pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) thereof, respectively, as the common shares of the Company are not listed on a specified market and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

Appointment of Vice President, Business Development

Quimbaya is further pleased to announce the appointment of Sebastian Wahl as Vice President, Business Development. Mr. Wahl has served on the Company’s Board of Directors for the past six months and has played a pivotal role in shaping its strategic direction and external positioning.

Given his contributions to date and the Company’s growth trajectory, Mr. Wahl’s transition into an executive role is both timely and natural. As VP of Business Development, he will work closely with the CEO on capital markets initiatives, strategic partnerships, and internal structuring to ensure the Company is well-positioned for its next phase of growth.

‘Sebastian brings an exceptional network and a sharp sense of capital markets strategy,’ said Alexandre P. Boivin, President & CEO. ‘His insight and drive have already proven instrumental at the board level, and we’re excited to now have his energy full-time as we accelerate our momentum.’

Mr. Wahl’s appointment reinforces Quimbaya’s commitment to building a high-caliber leadership team capable of advancing its ambitious vision in Colombia and delivering value to shareholders.

Grant of Incentive Securities

The Company also announces that it has granted an aggregate of 1,730,000 restricted share units (RSUs) and 1,655,000 stock options to certain directors, officers, advisors, and consultants of the Company in accordance with its long-term performance incentive plan (the ‘LTIP‘). The stock options are exercisable at $0.50 per share for a period of three years.

About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com

Jason Frame, Manager of Communications jason.frame@quimbayagold.com, +1-647-576-7135‎

Quimbaya Gold Inc.
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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discover and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257712

News Provided by Newsfile via QuoteMedia

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