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The Indiana Pacers have a commanding 3-1 lead in the Eastern Conference semifinals series against the Cleveland Cavaliers.

Myler Turner and the Pacers produced a dominant performance in the 129-109 Game 4 victory over the Cavaliers on Sunday night.

Turner had 20 points and seven rebounds for Indiana. Pascal Siakam finished with 21 points and six rebounds in the rout.

Darius Garland had 21 points and six assists in the loss for the Cavaliers. Donovan Mitchell did not play in the second half because of a reported ankle injury, and his status for Game 5 is uncertain.

The tensions ran high between the two teams as early as the first quarter, which featured an exchange between Pacers guard Bennedict Mathurin and Cavaliers forward De’Andre Hunter. Mathurin was given a Flagrant 2 foul for hitting Hunter and was ejected from the game.

USA TODAY Sports provided updates and highlights for Game 4 between the Cavaliers and Pacers:

Highlights: Pacers 129, Cavaliers 109

3Q: Pacers 109, Cavaliers 77

The Pacers had three players with 20 or more points through the first three quarters of play. Pascal Siakam had 21 points and six rebounds. Myles Turner and Obi Toppin each scored 20 points.

Darius Garland had 21 points for Cleveland.

Donovan Mitchell did not score in the third quarter and was back in the locker room during the period. Mitchell was reportedly dealing with an ankle injury and was listed as doubtful to return to the game.

Halftime: Pacers 80, Cavaliers 39

The Pacers continued to overwhelm the Cavaliers throughout the first half, finishing on a 19-2 scoring run to end the second quarter. The Cavs did not lead in the first half.

Indiana was successful from the 3-point line, finishing the first half with 60% after shooting 30-for-50.

The Cavaliers struggled from long range, shooting 5-for-19 (26.3 percent).

Myles Turner had a game-high 18 points in the first half. He shot 7-for-11 from the field, including 4-for-4 from the 3-point line.

Obi Toppin had 13 points off the bench for the Pacers. Donovan Mitchell had 12 points for the Cavaliers.

1Q: Pacers 38, Cavaliers 23

The Pacers built a solid lead in the opening period after leading by as many as 19 points in the game against the Cavaliers.

Things got chippy in the first quarter with both Pacers guard Bennedict Mathurin and Cavaliers forward De’Andre Hunter at the center of an exchange.

Mathurin was given a Flagrant 2 foul for hitting Hunter with a ‘closed fist.’ Mathurin was ejected from the game.

Hunter retaliated with a shove to Mathurin. Myles Turner also stepped in late, shoving Hunter. Both Turner and Hunter were given technicals.

What time is Cavaliers vs. Pacers Game 4?

Game 4 between the Cleveland Cavaliers and Indiana Pacers will tip at 8 p.m. ET on Sunday at Gainbridge Fieldhouse in Indianapolis.

How to watch Cavaliers vs. Pacers Game 4: TV, stream

  • Time: 8 p.m. ET
  • Location: Gainbridge Fieldhouse (Indianapolis)
  • TV: TNT, TruTV
  • Stream: Fubo, Max

Watch Cavaliers-Pacers Game 4 with Fubo

Cavaliers vs. Pacers NBA playoff schedule, results

(Pacers lead series, 2-1)

  • Game 1: Pacers 121, Cavaliers 112
  • Game 2: Pacers 120, Cavaliers 119
  • Game 3: Cavaliers 126, Pacers 104
  • Game 4: Cavaliers at Pacers | Sunday, May 11 | 8 p.m. | TNT, truTV, Max, Sling TV
  • Game 5: Pacers at Cavaliers | Tuesday, May 13 | TBD | TNT, truTV, Max, Sling TV*
  • Game 6: Cavaliers at Pacers | Thursday, May 15 | TBD | ESPN, Fubo*
  • Game 7: Pacers at Cavaliers | Sunday, May 18 | TBD | TBD*
This post appeared first on USA TODAY

Epic Games said on Friday that it submitted Fortnite to Apple’s App Store, the month after a judge ruled in favor of the game maker in a contempt ruling.

Fortnite was booted from iPhones and Apple’s App Store in 2020, after Epic Games updated its software to link out to the company’s website and avoid Apple’s commissions. The move drew Apple’s anger, and kicked off a legal battle that has lasted for years.

Last month’s ruling, a victory for Epic Games, said Apple was not allowed to charge a commission on link-outs or dictate if the links look like buttons, paving the way for Fortnite’s return.

Apple could still reject Fortnite’s submission. An Apple representative did not respond to CNBC’s request for comment. Apple is appealing last month’s contempt ruling.

The announcement by Epic Games is the latest salvo in the battle between it and Apple, which has taken place in courts and with regulators around the world since 2020. Epic Games also sued Google, which operates the Play Store for Android phones.

Last month’s ruling has already shifted the economics of app development for iPhones.

Apple takes between 15% and 30% of purchases made using its in-app payment system. Linking to the web avoids those fees. Apple briefly allowed link-outs under its system but would charge a 27% commission, before last month’s ruling.

Developers including Amazon and Spotify have already updated their apps to avoid Apple’s commissions and direct customers to their own websites for payment.

Before last month, Amazon’s Kindle app told users they could not purchase a book in the iPhone app. After a recent update, the app now shows an orange “Get Book” button that links to Amazon’s website.

Fortnite has been available for iPhones in Europe since last year through Epic Games’ store. Third-party app stores are allowed in Europe under the Digital Markets Act. Users have also been able to play Fortnite on iPhones and iPads through cloud gaming services.

This post appeared first on NBC NEWS

Amid ever-increasing uncertainties on the global front and similarly rising geopolitical tensions between India and Pakistan, the Indian equity markets demonstrated strong resilience. They consolidated before ending the week on just a modestly negative note. The trading range remained modest; the Nifty oscillated in a 590-point range. While the markets defended their key support levels, the volatility surged. The volatility barometer, the India Vix, spiked 18.49% to 21.63 on a weekly basis.. The headline index finally closed with a net weekly loss of 338.70 points (-1.39%).

A few important things to note from a technical perspective. The 200-DMA is at 24044; the 50-week MA is at 23983. This makes the zone of 23950-24050 a very important support zone for the Nifty. So long as the Index is able to defend this zone, it will continue consolidating in a defined range. Incremental weakness would creep in only if the 23900 level is violated decisively. On the higher side, as evident from the charts, the markets have continued to resist the rising trendline resistance. From now on, the Nift’s behavior vis-à-vis the zone of 23950-24050 would be crucially important to watch; the Index’s ability to defend or not defend this zone will dictate the trend over the coming weeks.

The levels of 24350 and 24600 are expected to act as probable resistance points in the coming week. The supports are at 23900 and 23630.

The weekly RSI is 54.36; it stays neutral and does not diverge against the price. The weekly MACD is bullish and stays above its signal line. A bearish engulfing candle has emerged. Its emergence near a pattern resistance adds credibility to the resistance placed near 24500-24600.

The pattern analysis of both daily and weekly charts shows that the Nifty has traded quite on the expected lines and within the analyzed range. It has continued resisting the rising trendline resistance near 24500-24600; it has so far defended the key that is created between the 200-DMA and the 50-week MA. The markets would weaken only if they violate the crucial 23900 level; so long as this point stays defended, we can expect the markets to consolidate in a defined range.

Based on the overall technical structure, it is likely that the markets will not see any immediate upward trend. While if the markets end up breaching the 23900 level remains to be seen, it is doubtful that they will initiate any sustainable trending upmove and move past the 24500 levels soon. The hedging activity and the cost of hedging have increased; this is evident from Vix, which has significantly risen over the past few days. While the Nifty has defended the key support levels so far, it remains in a technically challenging environment. It is strongly recommended that the market participants adopt a defensive approach by focusing on the low beta stocks and the stocks with improving relative strength. Staying low on leveraged positions, a continued cautious outlook 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 PSE Index has rolled inside the leading quadrant. Infrastructure, Nifty Bank, PSU Bank, FMCG, Consumption, Commodities, and the Financial Services Indices are also inside the leading quadrant. These groups are likely to outperform the broader Nifty 500 Index relatively.

The Nifty Metal Index has rolled inside the weakening quadrant. This may cause the sector to slow down and give up on its relative performance. The Services Sector index also remains in this quadrant.

While the Nifty IT Index continues to languish in the lagging quadrant, the Auto and the Realty Indices are sharply improving their relative momentum against the broader markets while staying inside this quadrant.

The Nifty Midcap 100 index has rolled inside the improving quadrant; may see its relative performance bettering over the coming days. The Media and the Energy Indices are also inside this quadrant, and may continue seeing improvement in their relative performance against the broader markets.


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

The US Federal Reserve met on Tuesday (May 6) and Wednesday (May 7) for the third time in 2025. Ultimately, the committee decided to maintain its benchmark rate in the 4.25 to 4.5 percent range that was last set in November 2024.

Fed Chair Jerome Powell cited balance in the central bank’s dual mandate of price stability and maximum employment, but noted that the Trump administration’s tariffs have been more aggressive than anticipated. This was a prime factor in the Fed’s rate decision — officials are waiting for more data on how tariffs will affect inflation and employment.

On Thursday (May 8), the White House announced a trade deal with the UK. Although initial details of the deal were limited, what was provided indicates the UK will reduce or eliminate non-tariff barriers for US products and companies.

Among them are provisions for improved access to the UK market for US farmers and cattle ranchers and an increase in US ethanol exports. In exchange, the US will ease tariffs on British auto imports, with the first 100,000 vehicles being taxed at the 10 percent reciprocal rate and 25 percent on any additional vehicles.

Additionally, new negotiations will be held for an alternative arrangement to tariffs on steel and aluminum products from the UK. However, the deal does not remove the 10% reciprocal tariffs on any imports from the UK.

North of the border, Statistics Canada released its April labor force survey on Friday (May 9). The data showed little change in employment throughout the month, with just 7,500 jobs added to the workforce. Meanwhile, the employment rate declined 0.1 percent to 60.8 percent and the unemployment rate ticked up 0.2 percent to 6.9 percent.

The biggest increase of 37,000 new jobs was owed to the hiring of temporary workers related to the recent federal election. The next highest gains were in the finance, insurance and real estate sector, where 24,000 workers were added. The biggest losses were felt in manufacturing, which declined by 31,000 workers, and wholesale and retail trade, which shed 27,000 workers.

Markets and commodities react

In Canada, major indexes were mixed at the end of the week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 1.46 percent during the week to close at 25,357.74 on Friday, the S&P/TSX Venture Composite Index (INDEXTSI:JX) moved up 3.57 percent to 683.4 and the CSE Composite Index (CSE:CSECOMP) falling 0.41 percent to 119.12.

US equities were flat this week, with the S&P 500 (INDEXSP:INX) flat gaining 0.08 percent to close at 5,659.90, the Nasdaq-100 (INDEXNASDAQ:NDX) gaining 0.67 percent to 20,061.45 and the Dow Jones Industrial Average (INDEXDJX:.DJI) rising 0.18 percent to 41,249.37.

The gold price strengthened in the middle of the week but remained off recent highs, but still managed to post a 2.72 percent gain, closing out Friday at US$3,328.93.

The silver price was also up, rising 2.38 percent during the period to US$32.76.

In base metals, the COMEX copper price was flat, falling just 0.64 percent over the week to US$4.66 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) rose 2.18 percent to close at 531.54.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Group Eleven Resources (TSXV:ZNG)

Weekly gain: 69.44 percent
Market cap: C$53.2 million
Share price: C$0.305

Group Eleven Resources is an exploration company working to advance its flagship PG West zinc, lead, copper and silver project in the Republic of Ireland. The wholly owned asset consists of 22 prospecting licenses covering 650 square kilometers and hosts the main Ballywire prospect, which was discovered in 2022.

Shares in Group Eleven gained this past week after an exploration announcement on Thursday.

The company reported assay results from four holes at Ballywire, with one highlighted copper and silver result recording grades of 1.46 percent copper and 356 grams per metric ton (g/t) silver over 19.9 meters.

It includes an intersection of 3.72 percent copper and 838 g/t silver over 6.4 meters.

It also reported an additional zinc, lead and silver hole with grades of 3.1 percent zinc, 1.4 percent lead and 22 g/t silver over 47.1 meters, which included an intersection of 7.7 percent zinc, 3.2 percent lead and 57 g/t silver over 12.9 meters.

2. Element 29 Resources (TSXV:ECU)

Weekly gain: 66.67 percent
Market cap: C$61.62 million
Share price: C$0.50

Element 29 Resources is an exploration company focused on advancing a portfolio of projects in Peru.

Its primary projects consist of the Elida copper-molybdenum-silver project in West-Central Peru and the Flor de Cobre project in the Southern Peruvian copper belt. The Elida site is composed of 29 concessions covering 19,749 hectares and hosts five distinct exploration targets within a 2.5 by 2.5 kilometer alteration system.

A September 2022 resource estimate shows an inferred resource of 321.7 million metric tons (MT) containing 2.24 billion pounds of copper at a grade of 0.32 percent, 205.7 million pounds of molybdenum at a grade of 0.03 percent and 27 million ounces of silver at 2.61 percent.

The company’s less explored Flor de Cobre project is composed of 11 mining concessions and one mining claim covering 3,135 hectares. The company announced in March that it received environmental permitting for the site and would be partnering with the GlobeTrotters Resource Group, which discovered Elida, on exploration at For de Cobre.

Shares of Element 29 posted gains this week, but the company did not share any news.

3. Giant Mining (CSE:BFG)

Weekly gain: 56.1 percent
Market cap: C$18.48 million
Share price: C$0.32

Giant Mining is an exploration company working to advance its Majuba Hill District copper, silver and gold project north of Reno, Nevada. The site consists of 403 federal lode mining claims and four private property parcels that cover an area of 3,919 hectares. Mining at the property took place between 1900 and 1950, resulting in the production of 2.8 million pounds of copper, 184,000 ounces of silver and 5,800 ounces of gold.

Extensive exploration work has been carried out at Majuba Hill, with 89,930 feet being drilled since 2007.

The most recent news from the project includes a pair of releases this week.

First, on Wednesday, the company announced that it has completed four of the five planned drill holes in its 2025 exploration program, with one of the samples sent to the lab for analysis.

The second release came on Thursday, when Giant announced that it has begun drilling the final hole of the program and expected to reach a depth of 1,000 feet. The company said the current program was designed with artificial intelligence to expand the known zones of copper mineralization and advance the project toward a mineral resource estimate.

4. PPX Mining (TSXV: PPX)

Weekly gain: 55.56 percent
Market cap: C$44.58 million
Share price: C$0.07

PPX Mining is a precious metals company that is focused on its Igor project, which contains the operating Callanquitas underground mine, located in the Otuzco province of Northern Peru.

An updated resource estimate for Callanquitas released by the company in January 2024 shows measured and indicated amounts as oxides of 81,090 ounces of gold and 2.9 million ounces of silver. The inferred resource as sulfides stands at 34,450 gold equivalent ounces at 4.63 g/t gold equivalent.

In a prefeasibility study for Igor, which was amended in January 2022, the company indicates that the 1,300 hectare site previously hosted small-scale mining operations and holds a 50 MT per day gold-processing plant from the 1980s. In November 2024, PPX announced that it had started construction of a 350 MT per day carbon-in-leach and flotation plant that will be used to process oxide and sulfide ore from Callanquitas.

The latest construction update came on March 26, when the company said major plant equipment was ready to ship from China. The equipment includes crushing plant units, metal detectors, ball mills and flotation cells. The company has not provided a further update on the timeline for when the shipments would arrive on site.

The most recent news from PPX came on Monday (May 5), when it announced that it had closed an oversubscribed non-brokered private placement. The terms of the funding will see the company issue 17.83 million shares for gross proceeds of C$802,303. Funding raised will be used for further exploration of Callanquitas and general working capital.

5. Triumph Gold (TSXV:TIG)

Weekly gain: 50 percent
Market cap: C$11.97 million
Share price: C$0.03

Triumph Gold is an explorer and developer advancing projects in the Yukon and BC, Canada.

Its three properties in the Yukon are all within the Dawson Range and consist of its flagship Freegold Mountain project, which has 20 identified mineral resources hosting gold, silver, copper, molybdenum, lead and zinc deposits; the Tad/Toro copper, gold and molybdenum project; and the Big Creek copper and gold project.

Triumph’s property in Northern BC is called Andalusite Peak.

The most recent update from the company came on Wednesday, when it announced it has refined its exploration focus on geochemical surveys and detailed geological mapping at the Andalusite Peak project, as well as defining new targets at Freegold Mountain. Additionally, the company said it has engaged Independent Trading Group to provide market-making services and enhance the liquidity of common shares.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (May 9) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$103,116 as markets closed for the week, up 2 percent in 24 hours.

The day’s range has seen a low of US$102,526 and a high of US$103,636. After breaking through the US$100,000 threshold on Thursday (May 8), the digital asset has found support.

Bitcoin performance, May 9, 2025.

Chart via TradingView.

The crypto market’s surge is attributed to positive geopolitical developments, particularly surrounding a US-UK trade agreement and optimism over upcoming trade talks with China.

A better-than-expected jobs report also reignited institutional interest. Meanwhile, the MOVE index has cooled from its late March-early April spike, encouraging broader risk-taking across financial markets.

On the technical side, Bitcoin’s realized cap has hit an all-time high above US$893 million. Cointelegraph’s Marcel Pechman notes that strong options activity suggests that prices above US$105,000 could fuel further gains. Analyst Egrag Crypto is forecasting a rally to US$170,000, contingent on Bitcoin breaking past its previous all-time high of US$109,000.

However, with Bitcoin’s relative strength index approaching 70, overbought conditions are emerging, and investors are urged to be cautious of short-term volatility.

Ethereum’s (ETH) price surge has outperformed that of Bitcoin and can be attributed to an increase in transactions following Wednesday’s (May 7) Pectra upgrade. ETH’s price has increased by over 25 percent from last week and 42 percent month-on-month. It finished the week at US$2,325.35, a 10 percent increase over 24 hours.

The day’s range saw a low of US$2,288.24 and a high of US$2,372.09.

Altcoin price update

  • Solana (SOL) closed at US$171.67, up 7.1 percent over 24 hours. SOL experienced a low of US$168.64 and a high of US$172.75.
  • XRP was trading at US$2.35, reflecting a 3.6 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.33 and a high of US$2.40.
  • Sui (SUI) was priced at US$3.89, showing a decreaseof 0.6 percent over the past 24 hours. It achieved a daily low of US$3.87 and a high of US$4.03.
  • Cardano (ADA) was trading at US$0.7799, up 5.5 percent over the past 24 hours. Its lowest price of the day was US$0.7763, and it reached a high of US$0.7953.

Today’s crypto news to know

Coinbase to acquire Deribit in US$2.9 billion crypto derivatives deal

Coinbase has announced plans to acquire Deribit, a leading crypto derivatives exchange, for $2.9 billion — the largest deal in the crypto industry to date. This strategic move positions Coinbase to expand its offerings in the crypto options market, catering to the growing demand for advanced trading products.

The acquisition includes US$700 million in cash and 11 million shares of Coinbase Class A common stock.

Deribit, which processed US$1.2 trillion in trading volume last year, controls approximately 85 percent of the global crypto options market. This deal is expected to enhance Coinbase’s presence in the international derivatives market and diversify its revenue streams. Analysts view the acquisition as a significant step for Coinbase to compete with other major exchanges like Binance and Kraken in the derivatives space. The transaction is subject to regulatory approvals and is anticipated to close later this year. Until then, Deribit will continue its operations as usual.

Rumble’s crypto wallet launch and Q1 earnings

Rumble’s (NASDAQ:RUM) CEO confirmed the firm will launch a Bitcoin and stablecoin wallet to compete with the Coinbase Wallet in Q3. The Rumble Wallet will launch in partnership with Tether.

“Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy,” according to a May 9 (Friday) X post by Chris Pavlovski.

On the earnings front, Rumble reported a net loss of US$2.7 million for Q1 on Thursday, a significant improvement over the US$43 million loss reported in Q1 2024. The company’s revenue of US$23.7 million exceeded analysts’ estimates; however, the firm reported a decrease in monthly active users to 59 million, down from 68 million in Q4 2024.

Rumble opened 2.44 percent higher on Friday (May 9) and closed the week with a gain of over 17 percent.

Meta’s potential stablecoin integration

Meta Platforms (NASDAQ:META) is reportedly in discussions with cryptocurrency enterprises regarding the potential implementation of stablecoins for select, smaller-scale creator disbursements.

Five informed sources told Fortune that the corporation has engaged in consultative deliberations with multiple cryptocurrency infrastructure providers, albeit without having yet settled upon a definitive strategic approach.

An insider suggests that the entity may adopt a multi-token framework, encompassing the integration of established stablecoins such as Tether’s USDt and Circle’s USD Coin, amongst other alternatives.

This news comes the day after Democratic lawmakers withdrew support for the GENIUS Act after concerns arose over the lucrative crypto dealings of companies tied to US President Donald Trump. The bill stalled on the floor of the Senate, prompting a public statement from US Treasury Secretary Scott Bessent:

“This bill represents a once-in-a-generation opportunity to expand dollar dominance and US influence in financial innovation. Without it, stablecoins will be subject to a patchwork of state regulations instead of a streamlined federal framework.’

Celsius founder sentenced to 12 years for crypto fraud

Alex Mashinsky, founder and former CEO of Celsius Network, has been sentenced to 12 years in federal prison for defrauding customers and manipulating the price of the company’s CEL token.

Between 2018 and 2022, Mashinsky misled investors about the safety of their funds, using customer deposits to inflate CEL’s value and personally profiting over US$48 million. Celsius, which once managed over US$25 billion in assets, collapsed in 2022 amid a broader crypto market downturn, leaving thousands of users unable to access their funds.

SEC considers crypto exemptions

The US Securities and Exchange Commission (SEC) is “considering a potential exemptive order” to let crypto firms bypass requirements to register as a broker-dealer, clearing agency exchange to issue, trade and settle securities. SEC Commissioner Hester Peirce made the announcement in a speech published on Thursday.

Companies would still be expected to comply with rules to prevent fraud and market manipulation and may also need to meet certain disclosure and recordkeeping requirements.

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

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

This post appeared first on investingnews.com

This week proved pivotal for the tech and energy sectors as market dynamics and the regulatory landscape shifted.

Apple (NASDAQ:AAPL) made waves by signaling a foray into artificial intelligence (AI) search and challenging app store regulations, while OpenAI underwent a major restructuring amid legal battles with Elon Musk.

Meanwhile, legislation targeting AI chip tracking gained momentum, and the nuclear energy sector saw increased activity with Ontario Power Generation’s new reactor project and potential White House actions.

Earnings reports from major players like Palantir (NASDAQ:PLTR), AMD (NASDAQ:AMD), Arm Holdings (NASDAQ:ARM) and Super Micro Computer (NASDAQ:SMCI) painted a complex picture of growth and challenges in a turbulent economic environment.

The interplay of innovation, regulation and market forces played out against a backdrop of trade developments between the US and the UK, with optimism regarding forthcoming negotiations with China boosting sentiment toward the end of the week.

Read on to dive deeper into this week’s top stories.

1. Apple’s App Store appeal, AI search plans and chip news

Apple is formally contesting last week’s judicial ruling mandating a reduction in its App Store commission.

The company filed an appeal against the order that would compel it to lower the existing 27 percent fee imposed on businesses offering links within their apps to external payment processing alternatives.

In related news, Apple executive Eddy Cue revealed during federal court testimony that the tech giant is investigating the development of its own AI-powered search engine for the Safari web browser. The news had an immediate impact on Alphabet’s (NASDAQ:GOOGL) shares, resulting in a 9 percent decline on Wednesday (May 7) afternoon.

In other news, Apple is reportedly making advances in its in-house silicon development.

The company is designing new proprietary chips intended to serve as the main central processing units for a range of future Apple products. These include anticipated devices such as smart glasses, more powerful iterations of its Mac computer line and specialized AI servers.

Combined with this week’s macroeconomic and geopolitical developments, Apple’s share price experienced turbulence, ultimately closing 2.25 percent below Monday’s (May 5) opening price on Friday (May 9).

2. OpenAI announces restructuring, acquisition and leadership changes

In a notable week for AI giant OpenAI, CEO Sam Altman shared a reorganization strategy on Monday, announcing that its operational arm will transition into a new public benefit corporation, with its non-profit arm acting as the primary shareholder. The decision follows talks with civic leaders and state attorneys general.

A person familiar with the matter told Business Insider that the new plan will let the company receive the full US$30 billion investment from SoftBank (TSE:9984). Meanwhile, sources told Bloomberg on Monday that Microsoft (NASDAQ:MSFT) and OpenAI are still in negotiations regarding a restructuring plan. A later report from the Information reveals that OpenAI plans to slash its 20 percent revenue-sharing agreement with Microsoft to 10 percent by 2030.

Regarding the ongoing legal dispute between Sam Altman and Tesla (NADAQ:TSLA) CEO Musk, who alleges that the company has strayed from its founding mission, Musk’s attorney, Marc Toberoff, told Reuters on Monday that the team intends to proceed with the lawsuit. Toberoff also called the restructuring a “cosmetic” move that turns charitable assets into private wealth, adding that “the founding mission remains betrayed.”

In other news, OpenAI made its largest acquisition to date this week, agreeing to buy AI-assisted coding tool Windsurf for about US$3 billion, and named ex-Instacart (NASDAQ:CART) CEO Fidji Simo as its new head of applications.

According to reports, Simo will manage operations and report directly to Sam Altman, who will retain his title as CEO. Altman will shift his focus to research, safety efforts and advancing artificial general intelligence.

3. AI chip regulatory developments

US Representative Bill Foster is preparing to introduce legislation aimed at tracking the location of AI chips, such as those produced by NVIDIA (NASDAQ:NVDA), after they are sold.

The proposed bill, first reported by Reuters on Monday, would task US regulators with developing rules to monitor these chips, ensuring they remain in authorized locations under export control licenses.

It would also seek to prevent unlicensed chips from being activated outside of authorized locations.

In other chip-related news, NVIDIA shares rose following news that the Trump administration plans to eliminate the so-called “AI diffusion rule.” However, a spokesperson from the US Department of Commerce clarified upcoming plans in a statement to CNBC’s Kif Leswing on Wednesday, commenting:

“The Biden AI rule is overly complex, overly bureaucratic, and would stymie American innovation. We will be replacing it with a much simpler rule that unleashes American innovation and ensures American AI dominance.”

The announcement highlights the Trump administration’s intention to keep some guardrails in place to protect US interests, despite pushback from tech industry executives.

At a Congressional hearing on Thursday (May 8), OpenAI CEO Sam Altman emphasized the importance of maintaining US leadership in AI development. He cautioned against overregulation, warning that poorly designed rules could hinder America’s competitive edge, particularly against China.

4. Palantir, AMD, Arm and Super Micro share results

Palantir’s Q1 revenue rose 39 percent year-on-year to US$884 million, driven by demand for its data analytics software in the US. The company expects demand to continue, forecasting Q2 revenue between US$934 million and US$938 million. Palantir’s share price fell by 8 percent after hours as investors anticipated even stronger results. The company posted a loss of 5.6 percent for the week after a volatile week for tech stocks, as overvaluation concerns persist.

Advanced Micro Devices’ Q1 earnings report shows quarterly revenue of US$7.4 billion, an annual increase of 36 percent, with adjusted earnings per share of US$0.96. Despite an initial 7 percent stock surge following a positive quarterly report, AMD shares fell following the company’s announcement of a projected US$1.5 billion revenue decrease this year, attributed to US government limitations on the sale of AI chips to China.

Palantir, Super Micro, AMD and Arm performance, May 6 to 9, 2025.

Chart via Google Finance.

For Q4 2024, Arm Holdings reported quarterly revenue of more than US$1 billion for the first time in its history, but forecast revenue and profit for Q1 2025 below Wall Street estimates, resulting in a 4 percent slump on Thursday morning

Super Micro Computer’s net sales increased from US$3,85 billion in Q3 2024 to US$4.6 billion, while the company’s earnings per share fell year-on-year from US$0.66 to US$0.17.

The company lowered its full-year revenue guidance from US$23.5 billion to US$25 billion, down to US$21.8 billion to US$22.6 billion, with trade war-induced uncertainty and increasing competition cited as obstacles to growth. The company’s share price opened over 5 percent lower the next day and fell by over 3 percent this week.

5. Constellation shares jump, White House plans reactor push

Shares of Constellation Energy (NASDAQ:CEG) rose nearly 10 percent in two days ahead of the Tuesday (May 6) release of its Q1 earnings report, which revealed revenue that exceeded expectations by over 20 percent.

Later, during an earnings call, CEO Joe Dominguez said the company was close to inking multiple long-term deals to provide nuclear power to meet surging energy demands, further bolstering investors’ optimistic outlook.

In another significant development within the nuclear energy sector, Ontario Power Generation said it has secured the necessary approvals to commence construction on the first of four small modular reactors (SMR) designed by GE Verona (NYSE:GEV), which will be located at the company’s Darlington site near Toronto.

The Darlington project is anticipated to be the first deployment of this particular SMR technology within a G7 nation.

Separately, Axios reported on Tuesday that sources familiar with the matter say the White House is in the final stages of preparing executive actions intended to accelerate the deployment of nuclear reactors. These plans, reportedly under consideration for several weeks, could be officially announced imminently.

On Friday, NPR said its reporters have seen a draft of such an order. According to the report, the order instructs the Nuclear Regulatory Commission (NRC) to send new reactor safety guidelines to the White House for review and possible amendments. The draft also calls for a reduction of NRC’s staff and a “wholesale revision of its regulation” in coordination with the administration and the Department of Government Efficiency.

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

This post appeared first on investingnews.com

NEW YORK – The Boston Celtics had a few days to think about blowing another 20-point lead to the New York Knicks. There was plenty of blame to go around for the meltdowns, which put the defending NBA champions down 2-0 in their Eastern Conference semifinal series heading to Madison Square Garden.

Star Jayson Tatum said poor execution at the end of games was one reason for the collapses, but his play in particular needed to get better — and he emphatically said it would.

His words clearly made their mark. He and his teammates ensured there would be no Knicks comeback in Game 3.

Payton Pritchard hit five 3-pointers and scored 23 points off the bench, leading five players in double figures as Boston built another big lead, up 16 points after one quarter, and went on to dismantle the listless Knicks 115-93. The Celtics cut their deficit in the best-of-seven series to 2-1.

Celtics head coach Joe Mazzulla said his team had to ‘tap into your darkness’ in the days leading up to Game 3 to secure its first victory of the series.

‘I’ve said it 1,000 times. There’s no one way of how it’s supposed to go,’ Mazzulla said. ‘There are no expectations here. We’re on a path, trying to go after greatness. You just always stick to the process of what you think gives you the best chance to win on that possession and to win in that game.’

Game 4 is Monday night in New York (7:30 p.m. ET, ESPN). The Knicks are seeking their first conference finals appearance since 2000. Last year, they blew a 2-0 series lead in this round to the Indiana Pacers.

Tatum scored 22 points, with nine rebounds and seven assists, Jaylen Brown had 19 points, and Derrick White added 17 points for Boston, which led wire-to-wire.

For the Knicks, any energy and momentum coming off two historic road victories went away as the sellout Madison Square Garden crowd had little to cheer about. The Celtics played like the team in control of the series, building a 25-point halftime lead, with a mix of 3-point shooting and forcing the Knicks into ill-advised shot attempts while they were trying to get back into the game.        

The Celtics returned to the identity that carried them throughout their 61-win regular season. Boston set an NBA record with 1,457 3-pointers and 3,955 attempts. The approach cost them, though, in Game 1 of the series, when they missed 45 shots from beyond the arc in a three-point overtime loss.

Boston got back to its sharpshooting ways in Game 3, hitting 20 of 40 shots from 3-point land, a far cry from the mind-blowing 75 missed 3s in the first two games in Boston.

White and Jrue Holiday continued the onslaught with 3-pointers at the start of the second half for the Celtics, who led by as many as 31 before sitting most of their starters in the fourth quarter.

They also fouled Knicks center Mitchell Robinson, the team’s worst free-throw shooter, in the third quarter. Robinson only hit four of his 12 free-throw attempts, including an airball, encapsulating the day for the Knicks. New York got no closer than 20 points the rest of the way.

Jalen Brunson, the NBA’s Clutch Player of the Year, had 27 points and seven assists, and Karl-Anthony Towns added 21 points and 15 rebounds. New York shot 40% and made five of its 23 3-point shot attempts.

This post appeared first on USA TODAY

WWE Backlash kicked off the next slate of premium live events in 2025, headlined by (seemingly) the last matchup between two icons of wrestling. John Cena and Randy Orton reignited their longstanding rivalry with the Undisputed WWE Championship on the line. As if the match needed any more juice, it took place in Orton’s hometown, and ended in chaotic fashion. Four other matches were contested, including Becky Lynch challenging for the Women’s Intercontinental Championship and Pat McAfee’s return to in-ring competition. 

USA TODAY Sports recaps all of the results, highlights and analysis from Backlash:

John Cena attacks R-Truth at press conference

Just when it looks like Cena may be nice, he goes back to his heel ways.

After his ‘clickbait’ press conference at WrestleMania 41, Cena said he needs to be better with media and said he would actually answer all questions asked. But just as the first question was asked, R-Truth emerged to tell Cena he was proud that he won after his interference in the match. R-Truth mentioned the ‘Cena can’t wrestle’ remarks and the champion said he took it too far and to not say another word.

R-Truth did, though, and it resulted in an AA through the table. Cena then walked out of the press conference.

Undisputed WWE Championship match: John Cena (c) vs. Randy Orton

Meeting for (seemingly) the last time in their incredible rivalry, Cena and Orton soaked in the environment for their final chapter. Cena then put his hand out for a handshake, and when Orton put his hand out, the champion snuck in a slap. However, Orton returned the favor soon after, resulting in Cena leaving the ring.

Orton had the advantage early and Cena tried to leave, but the challenger wasn’t accepting it and he dragged Cena back into the ring. That’s when the 17-time champion finally got some offense in. It just didn’t last as Orton landed 20 consecutive blows.

After absorbing plenty of hits, Cena got his first real offensive rhythm with some of his vintage moves, capped off by the Five-Knuckle Shuffle. He went for the early end with an Attitude Adjustment, but Orton got down. Cena then got the STF hold onto Orton as the challenger tried to reach the ropes. Orton got out and then did his vintage DDT move to stop the attack.

‘The Viper’ went to strike with an RKO, and Cena was ready for it. Cena got the AA ready, and while he did land it, Orton got the arms around the neck for an RKO at the same time to take each other out in a very impressive spot.

The two got back to their feet, and Cena landed a clean AA. Orton was able to kick out of the pin attempt. Cena went for another finisher and Orton got down and surprised him with an RKO. Orton tried to go back to his ‘Legend Killer’ phase with a punt to Cena, but he got out of the way and greeted him with an AA. Orton again kicked out of the attempt to keep the match going.

Cena mocked Orton’s killer instinct move, and he tried to punt Orton. He got out of the way, and then got shoved into the referee. The champion landed another AA, but with the referee down, Cena went to get the title to use it. However, Orton shocked him with an RKO. The referee recovered to count the pin, but the slow count was enough to save Cena.

Orton decided to clear the announcer’s table, and Cena pushed his opponent into the referee, who hit his head against the steel steps. With the official out again, Cena tried the AA on Orton, but he reversed it and delivered the AA to Cena himself, onto the table.

The challenger set up a table and then used Cena’s finisher again on him to send him through the table. After two punishing spots, Orton brought Cena back in the ring and was ready for the final strike. Cena got to his feet and was met with an RKO, and even though another referee came in for the pin attempt, the champion kicked out.

Cena tried the cheap shot on Orton with the title, but he hit the referee after Orton dodged it. Orton landed another RKO and went for the pin, and even though he had it, no referee was able to count it. WWE officials came out to help the injured referees, and a frustrated Orton delivered RKOs to SmackDown general manager Nick Aldis and anyone else in a suit.

Orton readied for the punt, but R-Truth came out to stop him from hurting his ‘childhood hero.’ Orton delivered an RKO to him, but Cena got back to his feet and gave a low blow to Orton. He then hit Orton with the championship and went for the pin. It took a long time, but the referee crawled his way back and counted to three to secure Cena’s victory.

After the win, Cena took the microphone and told the crowd he doesn’t need music or the fans, but he needs competition. He held up the title as the show came to a close.

Analysis: It was (seemingly) the last time they were facing off, and Cena and Orton delivered a classic match. After the disappointing performance Cena had at WrestleMania, he improved his game against his longtime foe, almost looking like he did in the glory days in the ring. Was the match a five-star classic? No, but it was a good title match that didn’t feel like a complete dud. The atmosphere was incredible inside the arena, and the match met the moment.

There were always big moments whenever these two faced off, and they had plenty of them in this one. The AA-RKO combination move was such a great spot that many didn’t recognize at first, and the way both sides took pages out of each other’s book was a nice touch given all the history they’ve had in their careers. They both had the chance to shine. The match was going to end with chaos, but it was a relief Travis Scott or The Rock didn’t show up. That allowed things to happen somewhat organically. R-Truth showing up was confusing for a moment but comical in the sense that he has been supporting Cena in recent weeks, and maybe could play a part in Cena’s farewell tour. Cena had to win dirty, just like he’s been doing recently.

If this is indeed the last time Cena and Orton face off, they ended their rivalry on a high note. Now, a new challenger will have to come out and try to rip the title out of Cena’s hands. Who could it be? That answer doesn’t seem clear now, but it will likely be addressed in the coming week.

Watch: John Cena vs. Randy Orton introductions

Alicia Taylor gets the excitement going with her introduction of the Undisputed WWE Championship match.

Watch: John Cena makes entrance

Watch: Randy Orton makes hometown entrance at Backlash

‘The Viper’ returns home.

Pat McAfee vs. Gunther

The crowd let it be know Gunther tapped out at WrestleMania, almost angering him further. McAfee showed some fight early, getting out of a hold and landing some shots on Gunther. ‘The Ring General’ put an end to it quickly and encouraged McAfee to get some chops on him. All Gunther did was absorb it and ask for more before he sent McAfee flying. Almost anything McAfee tried to do seemed to not have any effect on Gunther.

After spending much time just standing over his opponent, Gunther finally landed the sleeper hold. However, McAfee broke out of it, only to take a German suplex and prolong the match. Gunther tried a German suplex off the top turnbuckle, and McAfee got out of it and landed a quick flurry of kicks. McAfee tried to sneak a pin but Gunther quickly got up.

McAfee landed two super kicks and had some momentum, but Gunther caught it and landed a powerbomb. Tired of what was happening, Michael Cole took off the headset and tried to encourage his colleague. However, it resulted in Cole getting dragged into the ring. As Gunther was about to powerbomb Cole, McAfee kicked him to break it up and nearly got a roll-up pin. Cole tried to hold Gunther’s leg and help McAfee pin him, but he kicked out.

Distracted, Gunther got put in a sleeper hold by McAfee. A tap out looked possible, but Gunther broke it off. He then put McAfee in a sleeper hold, and even though he tried breaking out of it, McAfee passed out and Gunther got the victory.

After the match, Cole helped McAfee to his feet and Gunther stared him down. ‘The Ring General’ gave his respect to McAfee before walking away. Cole and McAfee then hugged before the former NFL punter received applause from the crowd.

Analysis: A match that turned out to be much more entertaining than expected. Gunther winning was inevitable, but McAfee was going to have glimpses of hope during the match. He definitely made the most of it as the WWE commentator does have the skills to hang in the ring with anyone and make it worth watching. Cole getting in the action added another great element to the match and got the crowd more invested, believing a McAfee win was possible. Really exceptional storytelling within a bout.

Gunther wasn’t as brutal as he could’ve been, and the show of respect at the end likely means the two sides can show some sort of respect to each other in the future. So, anytime Gunther comes out, there shouldn’t be any issues. ‘The Ring General’ gets a victory to get back on his feet and get on the path back to glory, while McAfee adds another impressive performance to his wrestling career.

Intercontinental Championship match: Dominik Mysterio (c) vs. Penta

The crowd was loving both sides as the match began, and there was no real advantage to start with shots coming from both sides. Mysterio continued to show his growth in the ring with an early suicide dive turned into a DDT on Penta. The champion focused on his opponent’s lower body, trying to slow down Penta with some fatigued legs. There was also a nice tribute to Liv Morgan by Mysterio with an ObLIVion on Penta.

Mysterio had all the momentum until Penta recovered for a Mexican Destroyer on Mysterio. With the champion down, The Judgment Day then came out and tried to distract the referee and attack Penta. However, the referee saw it and banned the stable from ringside. While they argued about what happened, Penta launched himself out of the ring to take them out.

Finn Balor didn’t go away easy, and as the referee tried to get him to leave, El Grande Americano snuck out and hit Penta with his loaded mask. It took the challenger out and Mysterio took advantage with a frog splash on the challenger and got the pin to retain.

Analysis: A match that had plenty of potential ends in unspectacular fashion. Mysterio has not only shown growth with the crowd, but he’s become a bonafide WWE superstar, and he came out of the gate and showed he can match up with the skills of Penta. Both of them got chances to show off in what was a very fast-paced start.

The involvement from The Judgment Day was inevitable, but it was refreshing to see them not actually do anything. However, El Grande Americano got in the fold again in what is becoming a very silly plot. While annoying to see the ‘luchador’ be the reason Penta lost, it will actually help with getting Penta off the title chase and give him his first real feud. The two will put on quality matches when they finally meet in the ring. Meanwhile, Mysterio gets to hold onto his gold and awaits a new challenger. Finn Balor doesn’t seem like he will be turning on his stablemate soon, so some fresh face may be the next one to contend.

Women’s Intercontinental Championship match: Lyra Valkyria (c) vs. Becky Lynch

From idol to foe, the veteran Lynch had a little showmanship for the champion out of the gate, trying to get in the head of Valkyria. The youngster wasn’t rattled, and she toyed with Lynch by swinging her around and lifting her up in the air for an impressive submission roll. Lynch had an early cut on the elbow.

Even as Lynch tried to play mind games with the champion, Valkyria still showed fight, almost inspired by any words her opponent was throwing at her or her fiancé at ringside. The two traded blows on one of the turnbuckles and Valkyria executed a superplex on the challenger in a hard fall. Valkyria went for a pin and Lynch kicked out.

After getting out of a potential Manhandle Slam, Valkyria tried a flying leg drop and moonsault to finish her opponent, only for Lynch to get her knees up. The two then traded punches and after attempted armbar submissions from both sides, Lynch got the Manhandle Slam and looked to have the title. However, Valkyria kicked out, much to the surprise of the crowd.

A frustrated challenger brought a chair into the ring and tried to hit Valkyria with it before the referee stopped it. Lynch exposed the turnbuckle while the referee wasn’t looking, and later on landed her finisher on Valkyria, but the champion again kicked out. Valkyria turned around and landed Nightwing, but the referee was trying to fix the turnbuckle and didn’t get to the pin in time.

Lynch recovered and tried to get Valkyria to submit, but a flurry of rollups happened and Valkyria ended up on the right side of it to get the victory over Lynch.

Almost as soon as the bell rang, an upset Lynch didn’t rest and she continued to beat down on the champion. She did the Disarm-her as officials came to the ring and tried to stop it. It eventually happened as Lynch strutted her way backstage, but Valkyria got up and was able to raise her hand in victory despite the injured arm and likely injured nose she suffered.

Analysis: If you didn’t expect the Women’s Intercontinental Championship match to be a banger, you should have known better. Lynch showed there’s no rust from her absence in her first singles match in nearly a year, but it was Valkyria that really stood out. She had been needing a signature performance in her title reign, and she made the most of it in what was the biggest match of her career.

There were some missteps and botches in this one, but it didn’t take away from the quality of the match. The two sides were given plenty of time to show off their skills, and Lynch remains a powerhouse while Valkyria gets a quality victory. The after-match tirade from Lynch signifies she isn’t done with Valkyria yet, and Bayley could be coming to the fold soon to aid the champion.

Fatal four-way match for United States Championship: Jacob Fatu (c) vs. Drew McIntyre vs. Damian Priest vs. LA Knight

Of course, the rivals in the match started beating up on each other, with Fatu and Knight in the ring and others outside. Knight, the former United States champion, was the one with early momentum, getting strikes in and countering all moves from his foes. McIntyre was next to get the advantage with neck breakers to all three opponents, followed by Priest. The clear goal from the challengers was to limit Fatu from causing the destruction he’s known for.

McIntyre and Fatu shared a tense stare down in the ring, and the champion finally got into his rhythm. He showed off his athleticism, which got the crowd going. However, Knight stopped it with a BFT on the champion. It started a string of finishers between the challengers, and Priest nearly had a pin on Knight before McIntyre broke it off.

All of the stars laid in the ring and McIntyre landed two Future Shock DDTs on Fatu and Knight. He geared up for a Claymore and landed it on Knight. He was set to get the pin but Priest pulled the referee out of the ring before he could finish the count. The heated rivals then battled outside of the ring, essentially taking themselves out of the match. Priest executed a diving South of Heaven chokeslam onto tables in the spot of the match.

With Knight and Fatu essentially the last two stars left, the challenger propped Fatu on the announcer’s table. He was about to leap from the turnbuckle when Solo Sikoa emerged to help his family member. Someone blindsided Knight, and it was Jeff Cobb, the newest WWE signing that unleashed a vicious assault on Knight.

It was easy work for Fatu. He leaped off the top turnbuckle onto Knight and pinned him to retain his title. Fatu walked past Sikoa and Cobb on his way backstage.

Analysis: The dynamic between Sikoa and Fatu gets even more intriguing.

It was all but known Fatu was going to retain given the hot streak he’s been on, but how he held on to his title was unexpected. Cobb made his WWE debut and has aligned himself with Sikoa as another weapon for the former self-proclaimed ‘Tribal Chief.’ Fatu didn’t look all that thrilled with the help, which makes sense since Fatu doesn’t need it with all of the talent he possesses. This pretty much guarantees a split between Fatu and Sikoa is going to happen soon. Sikoa will begin to favor Cobb, which will only make Fatu more frustrated and eventually fracture the relationship.

McIntyre and Priest continued their heated rivalry, and Priest got revenge from WrestleMania by sending his foe through a table outside of the ring. That storyline seems far from over, and one more match will be needed to settle the score. As for Knight, he gets pinned twice in less than a month, and it feels like the title is no longer within reach for him, so he either needs to chase other gold or find another person to feud with.

Jeff Cobb debuts in WWE

Some new help may be on the way for Solo Sikoa.

Jeff Cobb emerged from the crowd to assist Sikoa in beating down LA Knight and helped Jacob Fatu retain his United States Championship.

Cobb is a longtime wrestler that notably spent time in New Japan Pro Wrestling, where he won multiple tag team championships and is a one-time NJPW World Television Champion. Cobb also recently spent time in All Elite Wrestling. In April, it was announced Cobb was leaving NJPW, and it had been speculated he’d be headed to WWE.

Now he has arrived, and seems to be a new weapon for Fatu to use.

Who sang national anthem at Backlash?

Pershard Owens, the national anthem singer for the St. Louis Blues, sung the ‘Star Spangled Banner’ in the hockey team’s home arena.

Watch WWE Backlash 2025 kickoff show

When is Backlash 2025?

Backlash is Saturday, May 10.

What time does Backlash 2025 start?

Backlash starts at 7 p.m. ET. The preshow ‘Countdown to WWE Backlash’ begins at 5 p.m. ET.

Where is Backlash 2025?

The 2025 event will take place at the Enterprise Center in St. Louis.

How to watch Backlash 2025

The event can be streamed on Peacock, but you must have the premium or premium-plus subscription to watch. Internationally, it will be available on Netflix in most markets.

Watch WWE’s Backlash with Peacock

How to watch Backlash 2025 preshow

The preshow will be available to watch on Peacock, and on WWE’s social channels, including on YouTube.

Backlash 2025 match card

Matches not in order

  • Undisputed WWE Championship match: John Cena (c) vs. Randy Orton
  • Fatal four-way match for United States Championship: Jacob Fatu (c) vs. Drew McIntyre vs. Damian Priest vs. LA Knight
  • Intercontinental Championship match: Dominik Mysterio (c) vs. Penta
  • Women’s Intercontinental Championship match: Lyra Valkyria (c) vs. Becky Lynch
  • Pat McAfee vs. Gunther

Backlash 2025 predictions

Here are predictions for every Backlash match from USA TODAY Sports’ wrestling experts:

Pat McAfee vs. Gunther

  • Jordan Mendoza: Gunther
  • Richard Morin: Gunther
  • James H. Williams: Gunther

Women’s Intercontinental Championship match: Lyra Valkyria (c) vs. Becky Lynch

  • Jordan Mendoza: Lyra Valkyria
  • Richard Morin: Lyra Valkyria
  • James H. Williams: Lyra Valkyria

Intercontinental Championship match: Dominik Mysterio (c) vs. Penta

  • Jordan Mendoza: Dominik Mysterio 
  • Richard Morin: Dominik Mysterio 
  • James H. Williams: Dominik Mysterio

Fatal four-way match for United States Championship: Jacob Fatu (c) vs. Drew McIntyre vs. Damian Priest vs. LA Knight

  • Jordan Mendoza: Jacob Fatu
  • Richard Morin: Jacob Fatu
  • James H. Williams: Jacob Fatu

Undisputed WWE Championship match: John Cena (c) vs. Randy Orton

  • Jordan Mendoza: John Cena
  • Richard Morin: John Cena
  • James H. Williams: John Cena

To see the full predictions of what could unfold, read here.

WWE Backlash commentators

Michael Cole and Wade Barrett will be on the call Saturday night. Barrett will be filling in for Pat McAfee due to his match against Gunther.

John Cena, Randy Orton meet again

Two future hall of famers in the ring one more time.

After Cena won the title at WrestleMania 41, he detailed his plans to ‘ruin wrestling’ in his final year of in-ring competition at the Raw After WrestleMania. However, he was interrupted by Orton and was dealt an RKO.

The two stars faced off on SmackDown, and Orton scolded Cena for his change in attitude and said he couldn’t let Cena ruin WWE. He challenged the champion to a match, but Cena said it will instead be done at Backlash, since it will be held in St. Louis, Orton’s hometown. Cena then attacked Orton, but ‘The Viper’ countered with an RKO.

It will be the first singles match between Cena and Orton since 2017.

John Cena vs. Randy Orton history

There aren’t many stars that have faced each other as often as Orton and Cena have. They first teamed up together in WWE in 2002, and the two had their first match against each other in 2005. Twenty years later, they’ll meet for the last time.

Saturday will mark the 94th time Cena and Orton will share the ring. In one-on-matches, Cena and Orton have faced each other 21 times. Cena has the edge with a 13-8 record against Orton in singles matches.

The tag team category has been overwhelmingly dominated by Cena, as his side is 28-6 whenever matching up against Orton and other stars. In matches where there’s been multiple wrestlers, they’ve each won six times.

Pat McAfee returns to the ring

The former NFL punter and sports media giant has thrived in the wrestling world, bringing his chaotic energy and fun-loving self as the commentator for WWE Raw. But while he’s great on the headset, he has shown some skill as a wrestler, and he will get a chance to do it again against a very formidable opponent.

Read the full match preview here.

This post appeared first on USA TODAY

Where will Duke freshman star Cooper Flagg be playing next season?

The Washington Wizards, who last had the No. 1 pick in 2010, can picture Flagg in their lineup alongside Alex Sarr, Bilal Coulibaly and Bub Carrington – and they envision becoming the next Houston Rockets – a team built around quality young players and savvy veterans.

The Utah Jazz have never had the No.1 overall pick, and Utah’s front office led by Danny Ainge and Justin Zanik would love to win the draft lottery. They are sending co-owner Ashley Smith to Monday’s NBA draft lottery for good luck.

The Charlotte Hornets, who haven’t had the No. 1 overall pick since taking Larry Johnson first in 1991, will enter its second season with Charles Lee as coach and Jeff Peterson as executive vice president of basketball operations as they try to improve.

Which teams needs Flagg the most?

Utah (17-65), Washington (18-64) and Charlotte (19-63) are going through major rebuilds, could use a player like Flagg to accelerate a turnaround and have the best odds to win the lottery. Brooklyn, Toronto, Philadelphia and New Orleans need help, too.

Or will a longshot get lucky (say San Antonio which pictures Victor Wembanyama alongside Flagg) and win the NBA draft lottery?

We will find out where each team picks in the draft on June 25-26 when the NBA conducts its annual draft lottery Monday.

Here is what you need to know about the draft lottery:

When is the NBA draft lottery?

Monday, May 12, 7 p.m. ET

How to watch the NBA draft lottery

TV: ESPN, various streaming services

How does the draft lottery work?

According to the NBA, “Fourteen ping-pong balls numbered 1 through 14 will be placed in a lottery machine. There are 1,001 possible combinations when four balls are drawn out of 14, without regard to their order of selection. Before the lottery, 1,000 of those 1,001 combinations will be assigned to the 14 participating lottery teams.

“All 14 balls are placed in the lottery machine and they are mixed for 20 seconds, and then the first ball is removed. The remaining balls are mixed in the lottery machine for another 10 seconds, and then the second ball is drawn. There is a 10-second mix, and then the third ball is drawn. There is a 10-second mix, and then the fourth ball is drawn. The team that has been assigned that combination will receive the No. 1 pick. The same process is repeated with the same ping-pong balls and lottery machine for the second through fourth picks.”

The remaining lottery teams are slotted in order of their draft odds.

Utah can’t slide any lower than No. 5, Washington no lower than No. 6, Charlotte no lower than No. 7 and New Orleans no lower than No. 8. After that, if a team doesn’t move into the top four via ping-pong ball selection, it can’t move up any higher than its draft lottery odds position. For example, if Brooklyn, with the sixth-best odds to get a top-four pick doesn’t move into the top four, it can’t land a pick any better than No. 6.

The lottery is conducted in a separate room just before ESPN’s draft lottery show. Select media, NBA officials and representatives of the participating teams and the accounting firm Ernst & Young will be in attendance in the room for the drawings.

2025 NBA draft lottery odds

Percent chance of winning the No. 1 overall pick in the 2025 NBA draft:

  • Utah Jazz: 14%
  • Washington Wizards: 14%
  • Charlotte Hornets: 14%
  • New Orleans Pelicans: 12.5%
  • Philadelphia 76ers: 10.5% (pick may be conveyed to Oklahoma City if it falls outside of the top six)
  • Brooklyn Nets: 9%
  • Toronto Raptors: 7.5%
  • San Antonio Spurs: 6%
  • Phoenix Suns: 3.8% (Pick to Houston via Brooklyn)
  • Portland Trail Blazers: 3.7%
  • Dallas Mavericks: 1.8%
  • Chicago Bulls: 1.7%
  • Sacramento Kings: 0.8% (pick may be conveyed to Atlanta if it’s not in the top 12)
  • Atlanta Hawks: 0.7% (pick to San Antonio)

The three teams with the best odds – the Jazz, Wizards and Hornets – all have a 52.1% chance of landing a top-four pick.

Who is the projected No. 1 pick in the NBA draft?

Cooper Flagg, who played his freshman season at Duke and was the national player of the year, has been at the top of draft boards for a year.

How can Cooper Flagg help a team?

The do-it-all young star led the Blue Devils in scoring, rebounding, assists and steals. Flagg has outstanding footwork, especially in the low post. He can use either hand on shots in the paint, knows how to run plays, can hit catch-and-shoot 3s and is an active weakside defender. Flagg, who added more muscle since the start of the year, is a physical player who initiates contact, is confident and plays with force when necessary. He averaged 19.2 points, 7.5 rebounds, 4.2 assists, 1.4 steals and 1.4 blocks and shot 48.1% from the field, 38.5% on 3-pointers and 84% on free throws.

Who are the other projected top picks in the NBA draft?

Rutger’s Dylan Harper and Ace Bailey, Baylor’s V.J. Edgecombe, Texas’ Tre Johnson, Duke’s Kon Knueppel and Oklahoma’s Jeremiah Fears are expected to go in the top 10 in USA TODAY’s NBAmockdraft.

NBA draft lottery simulator results

Using tankathon.com’s draft lottery simulator, this is what the draft lottery results could look like:

  • 1. Washington
  • 2. Utah
  • 3. New Orleans
  • 4. Philadelphia
  • 5. Charlotte
  • 6. Brooklyn
  • 7. Toronto
  • 8. San Antonio
  • 9. Phoenix
  • 10. Portland
  • 11. Dallas
  • 12. Chicago
  • 13. Sacramento (pick will go to Atlanta)
  • 14. Atlanta (pick will go to San Antonio)
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The NASCAR Cup Series arrives in Kansas City, Kansas, for a Mother’s Day race at Kansas Speedway. And if this year’s race is anything like last year’s, fans could be in store for a whole lot of drama and an incredible finish.

At the 2024 spring race, it came down to a freeze-frame, to a numerical measurement basically undetectable, to see which driver crossed the finish line first at the 1.5-mile track. In the end, after slow-motion video review, Kyle Larson edged Chris Buescher for the checkered flag by 0.001 seconds in the closest finish in NASCAR history.

Larson has won two Cup races at Kansas in his career, while Denny Hamlin has the most wins at the track among active drivers with four. Another driver to keep an eye on is Bubba Wallace, who scored the second win of his Cup Series career at the speedway in 2022.

Who will triumph on Sunday? Here’s all the information you need to get ready for the AdventHealth 400 at Kansas Speedway:

What time does the NASCAR Cup race at Kansas start?

The AdventHealth 400 starts at 3 p.m. ET (2 p.m. local) at Kansas Speedway in Kansas City, Kansas.

What TV channel is the NASCAR Cup race at Kansas on?

FS1 is broadcasting the AdventHealth 400 and has a pre-race show beginning at 1:30 p.m. ET (12:30 p.m. local).

Will there be a live stream of the NASCAR Cup race at Kansas?

The AdventHealth 400 can be live streamed on Max and the FoxSports app. Viewers can also stream the race on Fubo, which is offering a free trial to new subscribers.

Watch NASCAR race at Kansas on Fubo (free trial)

How many laps is the NASCAR Cup race at Kansas?

The AdventHealth 400 is 267 laps around the 1.5-mile oval for a total of 400.5 miles. The race will feature three segments (laps per stage) — Stage 1: 80 laps; Stage 2: 85 laps; Stage 3: 102 laps.

Who won the most recent NASCAR Cup race at Kansas?

Ross Chastain led 52 laps, including the final 21, before holding off William Byron by 0.388 seconds in the playoff race on Sept. 29, 2024.

And one year ago, Kyle Larson led 64 laps before edging Chris Buescher in overtime by a record 0.001 seconds in the closest finish in Cup Series history, on May 5, 2024.

What is the lineup for the AdventHealth 400 at Kansas?

(Car number in parentheses)

  1. (5) Kyle Larson, Chevrolet
  2. (17) Chris Buescher, Ford
  3. (20) Christoper Bell, Toyota
  4. (45) Tyler Reddick, Toyota
  5. (22) Joey Logano, Ford
  6. (54) Ty Gibbs, Toyota
  7. (24) William Byron, Chevrolet
  8. (99) Daniel Suarez, Chevrolet
  9. (9) Chase Elliott, Chevrolet
  10. (12) Ryan Blaney, Ford
  11. (71) Michael McDowell, Chevrolet
  12. (7) Justin Haley, Chevrolet
  13. (2) Austin Cindric, Ford
  14. (11) Denny Hamlin, Toyota
  15. (23) Bubba Wallace, Toyota
  16. (43) Erik Jones, Toyota
  17. (42) John Hunter Nemechek, Toyota
  18. (38) Zane Smith, Ford
  19. (19) Chase Briscoe, Toyota
  20. (3) Austin Dillon, Chevrolet
  21. (48) Alex Bowman, Chevrolet
  22. (77) Carson Hocevar, Chevrolet
  23. (34) Todd Gilliland, Ford
  24. (4) Noah Gragson, Ford
  25. (35) Riley Herbst, Toyota
  26. (1) Ross Chastain, Chevrolet
  27. (47) Ricky Stenhouse Jr., Chevrolet
  28. (67) Corey Heim, Toyota
  29. (10) Ty Dillon, Chevrolet
  30. (60) Ryan Preece, Ford
  31. (41) Cole Custer, Ford
  32. (33) Jesse Love, Chevrolet
  33. (16) AJ Allmendinger, Chevrolet
  34. (88) Shane Van Gisbergen, Chevrolet
  35. (8) Kyle Busch, Chevrolet
  36. (6) Brad Keselowski, Ford
  37. (51) Cody Ware, Ford
  38. (21) Josh Berry, Ford
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