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No. 2 UConn puts perfect mark on line vs. No. 22 Xavier


Unbeaten and second-ranked UConn will face one of its toughest tests of the season when it travels to Cincinnati for a Big East Conference game against No. 22 Xavier on Saturday afternoon.

The Huskies (14-0, 3-0 Big East) fought off a challenge from Villanova on Wednesday and remained perfect with a 74-66 win in Hartford, Conn.

Jordan Hawkins scored 16 of his game-high 22 points in the first half and finished with seven assists to lead the Huskies to the win.

“I have always been confident in my game,” Hawkins said postgame. “It’s just been hard work. These tough games have been boosting our confidence, it’s hard work. And that’s all you need to build your confidence.”

UConn has been tested in its last two games, coming from seven points down with under 12 minutes remaining to defeat Georgetown and erasing an early second-half hole against Villanova. Both of those victories came on the Huskies’ home court.

On Saturday in Cincinnati, UConn not only will be battling an Xavier team on a seven-game win streak but one of the loudest crowds in the Big East.

“This is more of a reality of what conference play type of games are all about,” UConn coach Dan Hurley said after the Wednesday win. “I think we got (the lead) to 10. We had opportunities to walk away with a double-figure win, but we didn’t defensive rebound on some key stops that turned into points for them.”

Xavier (11-3, 3-0) enters the showdown after withstanding a late St. John’s rally for an 84-79 win on Wednesday in New York. Jack Nunge paced the Musketeers with 23 points and 11 rebounds.

“I definitely think UConn, if they’re not the best team in America, they’re right there on that top line,” Xavier coach Sean Miller said. “It’s great for our conference that we have a team as powerful as them. They’ve not lost. We would have to play a great game on Saturday to have a chance to beat them.”

After trading baskets in the game’s opening minutes, Xavier used a 16-0 run to erase a one-point St. John’s lead, the Red Storm’s only advantage of the game. However, the hosts made it a tight game in the end.

“We held on for dear life,” Miller said. “St. John’s deserves a lot of credit. Unless you’re in the game, you can’t simulate the pace and the pressure that they put on you for 40 minutes.”

Souley Boum had another strong game for the Musketeers, scoring 17 points, handing out six assists and grabbing six rebounds. Boum committed just two turnovers in 40 minutes.

“It’s hard to do that against St. John’s,” Miller said. “We trusted him.”

Xavier held a 48-37 halftime edge before St. John’s made it close in the final three minutes.

“We’re not 16 points better than St. John’s on the road. I thought they made a great comeback,” Miller said. “At the end of the day in conference play to be able to go on the road and win, that’s really the name of the game for everybody.”

–Field Level Media

KJ Simpson puts up 31 as Colorado nips Stanford


KJ Simpson capped a career-best, 31-point performance with a go-ahead layup with 17.6 seconds remaining and two subsequent free throws, lifting visiting Colorado to a 73-70 Pac-12 victory over Stanford on Thursday night.

Simpson’s difference-making hoop came after the Buffaloes (9-5, 1-2 Pac-12) blew several opportunities to catch or pass Stanford in an uphill second-half climb.

The Cardinal (5-8, 0-3) had a chance to retake the lead one final time, but James Keefe’s 6-foot jump-hook was off the mark with 4.5 seconds left.

Simpson was fouled after grabbing the rebound and increased the Colorado advantage to three with a pair of free throws with 3.2 seconds to go.

The Cardinal rushed the ball up the court, but Michael Jones couldn’t connect on a desperation 3-pointer, assuring Stanford’s fifth loss in the past seven games.

Simpson’s 31 points were one more than the sophomore had against Texas A&M last month. He also found time on Thursday for a game-high seven rebounds and a team-high four assists.

Luke O’Brien came off the bench for 12 points and Lawson Lovering added 10 for Colorado, which won its fifth straight game.

Spencer Jones had a season-best 25 points for Stanford, which lost despite outscoring the visitors 22-13 at the foul line. Jones also had a team-high-tying six rebounds.

Brandon Angel chipped in 10 points for the Cardinal, while Maxime Raynaud had eight points to go with six rebounds and Michael Jones finished with five points and four assists.

After a 20-4 Stanford run had flipped a nine-point deficit into a Cardinal advantage midway through the first half, the hosts went nearly 28 minutes without trailing again despite several anxious moments.

The Buffaloes, down 37-33 at the break and by eight early in the second half, rallied within one point and had possession of the ball on six occasions but failed to tie or take the lead because of two missed shots, a missed free throw and three turnovers.

The seventh such opportunity finally paid off when Simpson hit two free throws for a 69-68 Colorado lead with 2:06 to play. But Stanford’s Spencer Jones countered quickly with two free throws, setting up Simpson’s late heroics.

–Field Level Media

Raptors, Suns face off looking to shake off woes


The Phoenix Suns will continue to learn how to cope with the absence of All-Star Devin Booker on Friday night when they visit the struggling Toronto Raptors.

Before losing 127-102 to the host Washington Wizards on Wednesday, the Suns announced that Booker would have his groin injury re-evaluated in four weeks.

Booker, who is averaging 27.1 points and has scored more than 50 points twice this season, has missed seven of the past 10 games with hamstring and groin injuries. He played just four minutes Sunday in a 128-125 overtime loss to the Denver Nuggets that opened a six-game road trip.

The Suns came back with a 125-108 victory over the Memphis Grizzlies on Tuesday.

The Raptors will be playing the second half of back-to-back games. They lost their fifth straight home game Thursday, 119-106 to the Grizzlies. Toronto has lost eight of its past 10 games overall.

“It’s pretty unacceptable with the effort we gave,” Raptors coach Nick Nurse said. “I thought the loose-ball count was all in their favor. I’m not talking about 50-50 balls either. I’m talking about ones where we had huge advantages to get and we just (did not). … That’s our identity, who we are. Right? When we’re tipping balls away, we’re the first ones to the floor to get them, and we weren’t close to that tonight.”

As for the Suns, Deandre Ayton scored 31 points against the Wizards, while Chris Paul added 20 points and Mikal Bridges scored 17.

“They attacked us,” Suns coach Monty Williams said. “Close-outs weren’t great. And in that third quarter and beginning of the fourth, it was just one close-out after another and they were getting to the rim.”

Williams said he does not want Bridges, Ayton and Paul to feel as if they have to “try save the world” during Booker’s absence.

“We just need to do what we did (at Memphis),” Williams said. “Everything was by committee. We played unbelievably hard, with force. We shared the ball. It’s a chance for us to grow that part of our program. I felt like we had drifted away from it over the last month or so.”

“Just keep playing,” Paul added. “Hold the fort down.”

“It’s good for guys to get on the court and learn and play through some stuff so when (Booker) gets back, we’re going to be an even more polished team,” Suns guard Josh Okogie said. “I’m thinking in the future in the playoffs when Booker sits on the bench for however many minutes it is to get his breather, we’re going to be so polished knowing how to play without him we’re going to know what to do.”

The Suns also have been dealing with injuries to Cameron Payne (foot), Landry Shamet (Achilles) and Cam Johnson (knee).

In their loss to the Grizzlies, the Raptors got 25 points and 10 rebounds from Pascal Siakam.

“Certainly, lately we’ve been lacking in playing to our identity,” Nurse said. “I don’t know. We’re just a little bit disjointed right now and we’ve got us, we’ve got to hang in there and get to work and keep showing them what we’re talking about and hopefully they’ll go out there and execute. They should get tired of this pretty soon and start playing.”

The Raptors were without Fred VanVleet (back) Thursday, though he is day-to-day. Precious Achiuwa (ankle) could return Friday.

–Field Level Media

NBA roundup: Luka Doncic’s second straight triple-double carries Mavs


Luka Doncic recorded his eighth triple-double of the season, while Christian Wood scored 12 of his 21 points in the third period as the host Dallas Mavericks sprinted past the Houston Rockets 129-114 on Thursday for their fifth consecutive victory.

Doncic finished with 35 points, 12 rebounds and 13 assists to lead a Mavericks offense that shot 51.6 percent overall while producing a 25-5 advantage in fast-break points. Doncic was coming off a historic 60-21-10 line against the Knicks two nights earlier.

Doncic had 14 points, three rebounds and three assists in the opening period, but it wasn’t until the second quarter that Dallas began to pull away, starting with a corner 3-pointer from Tim Hardaway Jr. (18 points) that provided the Mavericks their first double-digit lead at 48-37 with 5:56 left in the first half.

Jalen Green led the Rockets with 23 points, while Kevin Porter Jr. added 17 points and seven assists. Jabari Smith Jr. matched Doncic with 14 first-quarter points but finished with only 16 for the game.

Grizzlies 119, Raptors 106

Ja Morant scored 13 of his 19 points in the third quarter and added a career-best 17 assists as visiting Memphis defeated Toronto.

Dillon Brooks scored 25 points and Steven Adams had 14 points and 17 rebounds for the Grizzlies, who won for the second time in their past six games. Desmond Bane added 16 points and Jaren Jackson Jr. scored 15 for Memphis.

Before fouling out late in the fourth quarter, Pascal Siakam had 25 points and 10 rebounds for Toronto. Gary Trent Jr. added 20 points for the Raptors, who have lost eight of their past 10 games and five straight at home.

Celtics 116, Clippers 110

Jaylen Brown and Jayson Tatum each scored 29 points as Boston beat Los Angeles to cap a seven-game homestand.

Brown scored 12 in the fourth quarter to help the Celtics close out their fourth straight win, while Tatum grabbed 11 rebounds for his 14th double-double of the season. Marcus Smart had 17 points, nine assists and two steals, while Derrick White added 15 points and Robert Williams III 12 for Boston.

Kawhi Leonard led the Clippers with 26 points to go with eight rebounds, and Paul George had 24 points and six assists for the Clippers, who had five players score in double figures.

Pacers 135, Cavaliers 126

Tyrese Haliburton collected 29 points and nine assists and Buddy Hield added 25 points to fuel Indiana to a victory over Cleveland in Indianapolis.

Haliburton made six 3-pointers and Hield had five as the Pacers converted 61.3 percent of their shots from beyond the arc (19 of 31). Rookie Bennedict Mathurin scored 23 points off the bench, and Indiana earned its fourth win in five games.

The Cavaliers’ Donovan Mitchell scored a team-high 28 points. Jarrett Allen collected 19 points and 14 rebounds and Caris LeVert scored 19 points for Cleveland, which has lost three in a row.

Hornets 121, Thunder 113

LaMelo Ball poured in 27 points and came one assist shy of a triple-double as Charlotte returned home and defeated Oklahoma City.

Ball added 10 rebounds to an inspiring all-around performance to provide a boost to the struggling team. P.J. Washington added 25 points and Mark Williams, who has spent a large chunk of the season in the G League, came off the bench for 17 points and 13 rebounds.

Shai Gilgeous-Alexander’s 28 points led the Thunder, making him the team’s top scorer for the 12th time in the last 13 games. Luguentz Dort added 22 points and Josh Giddey 21 for Oklahoma City.

Spurs 122, Knicks 115

Keldon Johnson scored 30 points and Romeo Langford added a career-high 23 as host San Antonio had every answer late on the way to handing New York its fifth consecutive loss.

Julius Randle scored a season-high 41 points to go with 11 rebounds and seven assists, and Immanuel Quickley added a career-best 36 points. The Knicks played without Jalen Brunson (hip) and RJ Barrett (finger).

The Spurs held an 11-point lead at halftime and were never really challenged in the second half, going up by 17 after back-to-back 3-pointers by Johnson with less than four minutes left in the third quarter. Randle’s 3-pointer at the end of the third brought New York within 92-79.

–Field Level Media

Gemini crypto exchange and founders Winklevoss twins face lawsuit over unregistered interest accounts

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Cameron (L) and Tyler Winklevoss attend the grand opening of TAO Downtown at the Maritime Hotel on September 28, 2013 in New York City. Shutterstock/ Debby Wong

On Tuesday, investors accused Gemini Trust Co. and its founders Tyler and Cameron Winklevoss of fraud as well as federal and state violations. The proposed class-action complaint was filed in the United States District Court for the Southern District of New York. The crypto asset exchange has been accused of selling interest-bearing bonds accounts that were not registered as securities by the company. The suit says that the company violated both federal and state security laws. It also violated the 1933 Securities Act.

Investors were attracted to Gemini Trust Earn products as they offered a potential of up to 8 percent interest on holdings. In mid-November, the Winklevoss twins stopped redemptions as a key partner Genesis Global was embroiled in a crypto contagion after Sam Bankman-Fried led FTX exchange, Alameda Research and other crypto companies kept collapsing like a house of cards.

In the complaint, investors said that the company Gemini Trust “refused to honor any further investor redemptions” which led to a wipeout of investors who still had holdings in the program. The investors believe that a registration of the products by the company would have resulted in them receiving disclosures and that would have helped the investors to asses the risks in a better way.

On December 23, the company’s website said that it was working with “utmost urgency” to resolve Genesis’ liquidity issues and that the company would continue to work 24X7, without a break for holidays to resolve the issues of its customers.

Gemini’s customer agreement says that arbitration is the only means of resolving disputes. It also states that its products are uninsured and lists “total loss” of assets as a risk. However, the complainants say that Gemini’s marketing did not emphasize these risks. Many customers have filed complaints against both Gemini and Genesis.

The resolution of this case is expected to have far reaching consequences. If found guilty, Gemini Trust could set a precedent and force other exchanges to follow existing regulations. If the company is pulled up for its current behavior, the government could also add further regulations that offer protection to millions of investors who have been at the receiving end of frauds and scams related to cryptocurrency.

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Andreessen Horowitz bets big on Web3 with $4.5 billion fund, a16z invests despite crypto turmoil

Watch: Andrew Tate and Tristan Tate are arrested in Romania for rape and human trafficking of women, 24 hours after trash talk with Greta Thunberg.

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Andrew Tate and Tristan Tate Screen Grab Video

Andrew Tate was arrested in Romania on suspicion of rape, human trafficking, and organized crime after cops raided his luxury home.

Following raids on his villa and other properties near Bucharest, the prolific social media personality, 36, was detained for 24 hours alongside his brother Tristan as part of the criminal investigation, Romanian prosecutors said.

According to prosecutors, the brothers are suspects in an alleged organized crime ring that sexually exploited at least six women by recruiting, housing, and forcing them to perform pornographic videos for sale online.

In a statement, Romania’s Directorate for the Investigation of Organized Crime and Terrorism (DIICOT) confirmed that cops raided five homes associated with four suspects as part of an investigation into organized crime, human trafficking, and rape. It did not name the four suspects, but stated that two were Romanian citizens and two were British citizens who allegedly held at least six women captive in houses around Bucharest, sexually assaulting them and forcing them to produce pornography for social media under threat of violence.

 

Several local media outlets identified the two British citizens as Tate, a British-American kickboxer known for his grossly misogynistic online persona and for flaunting his 33 cars, and his brother, Tristan.

According to Romania TV, one of the Romanian suspects is a former Bucharest cop who is dating one of the Tates.

The brothers are accused of luring women to lavish villas using the “loverboy method,” in which they faked a relationship on social media before convincing the women to travel to Romania to pursue a romantic relationship.

According to local news site G4, they allegedly kept women in a small studio where they were forced to work as pornographic models for OnlyFans and other websites.

He went on to become well-known online, with Twitter banning him for saying that women should “bear responsibility” for sexual assault.

Mr Tate has been banned from other social media platforms like YouTube, Facebook and Instagram, with TikTok also removing him, saying “misogyny is a hateful ideology that is not tolerated”. Fans are waiting for more news to come out.

Following Elon Musk’s takeover of Twitter, he, along with former US President Donald Trump, was recently allowed back on.

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Eco Warrior Child Greta Thunberg Says She’s “Honoured” to be Investigated by Amazon

 

Generac Holdings Initiated at Buy Rating & $160 Price Target

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Janney Capital initiated coverage on Generac Holdings Inc. (NYSE:GNRC) with a Buy rating and a $160 price target. Analysts believe that the company’s shares, which have fallen about 80% from their peak, present a chance to purchase a well-known brand at a lower price compared to other industrial companies that have long-term involvement in a market for clean energy that is growing structurally.
In the near term, the analysts see the potential for continued headwinds for the core residential HSB product but also feel this has already been discounted in the share prices, which are now trading at a discount to industrial peers, and in their opinion, represent a “free option” on clean energy growth.
Balancing out near-term concerns for residential HSB market trends, the analysts see consistent free cash flow generation and buyback potential as providing potential support for the stock.

Kala Pharmaceuticals Shares Soar 99 percent on FDA Acceptance of IND Application for KPI-012

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Kala Pharmaceuticals, Inc. (NASDAQ:KALA) shares surge more than 99% on Thursday after the company announced the acceptance of its IND application for KPI-012 initially developed for the treatment of persistent corneal epithelial defect (PCED).
According to the analysts, this is fairly in line with expectations as they anticipated the start of the P2b trial by YE22. Ultimately, the topline data continues to be expected in Q1/24. Importantly, this milestone enabled the completion of the $31 million in gross proceeds from the private placement previously announced with a very well-known healthcare-dedicated fund. Despite their current positioning of viewing the PCED program as an attractive call option, the analysts continue to view the story as undervalued and are reiterating their $37 price target.

S&P 500 Preview for 2023

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The year 2022 has been a disappointment for stock market investors. The S&P 500 index has declined almost 20% year-to-date. This marks the worst annual performance for the benchmark U.S. stock market index since 2008, following three consecutive years of positive returns. The global stock market has suffered a major downturn due to the high levels of inflation and aggressive tightening measures implemented by major central banks, including the Federal Reserve.
Even well-known companies such as Meta Platforms, Tesla, and Amazon have not been immune to the overall stock market selloff, with all three experiencing a drop of at least 45% year-to-date. While the decline in the S&P 500 this year has primarily been driven by inflation and central bank tightening, equity strategists predict that negative estimate revisions will contribute to the next leg lower.
The current market consensus projects S&P 500 earnings of around $216 in 2023, while more optimistic analysts forecast earnings of around $220, indicating flat growth compared to 2022. However, a more bearish group of equity analysts expects earnings per share to decrease by about 10% to $200. Morgan Stanley’s Michael Wilson and Bank of America’s Michael Hartnett are among the most vocal bears, with Wilson stating in September that the bear market in stocks will not be over until the S&P 500 reaches the range of 3000-3400, which he expects later in the fall.

The Bull Market for Bitcoin is Unrealistic Before 2025

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After three years of positive returns, Bitcoin and other cryptocurrencies have suffered a significant drop in value in 2022. The leading digital asset is down around 65% year-to-date as central banks took strong measures to curb inflation, which negatively impacted high-growth assets like Bitcoin.
In addition, negative developments specific to the cryptocurrency market, such as the collapse of FTX, have further eroded investor confidence in cryptocurrencies, a sentiment that is likely to continue weighing on prices in 2023.
Canaccord Genuity wrote in a note that the outlook for 2023 is “more on the subdued side,” as it believes a 2023 recession is highly likely. Graham believes the crypto market will struggle to bounce back and return to 2021 levels in the near term, and anticipates correlations between crypto and equities to “return to elevated levels.”