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CWEB Summarized Business Newsletter September 6th 2023

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September 6, 2023

On Wednesday, when investors sold short-term U.S. debt due to concerns about further rate hikes from the Federal Reserve, Treasury rates increased. Two-year yield on U.S. Treasuries rose 6 bps to 5.027%. The yield on the benchmark 10-year Treasury note increased by over 3 basis points, reaching 4.296%.

Weeks after the SoftBank-backed office space business warned that there was “substantial doubt” about its ability to continue as a going concern, WeWork is attempting to renegotiate nearly all of its leases throughout the world.

On July 21, when Leo Messi made his debut for Inter Miami, Apple’s MLS Season Pass saw an increase in sign-ups from the previous day of 6,143 to over 110,000.

The merging partner of Truth Social is given more time to avoid insolvency. Former President Donald Trump’s media company, Digital World Acquisition Corp. (DWAC), was given an additional year to complete its merger with the SPAC Digital World Acquisition Corp.

YouTube is trying out commercials that are longer but appear less frequently. The video hosting and social networking platform is experimenting with a new style that inserts larger advertisements directly into the midst of the material, rather than peppering the video with shorter ones.

According to a regulatory filing, the Bill and Melinda Gates Foundation Trust recently invested $95 million buying 1.7 million shares of Anheuser-Busch stock. This shows that Gates maintains faith in the company despite a dramatic decline in sales of one of its most popular beers.

The revelation that China had restricted iPhone use at work caused a 4% drop in Apple’s stock price. Even while this only accounts for a fraction of the company’s total market, there is concern that the government will impose even more limitations in an effort to wean itself off of foreign technologies.

Six initial technology “gatekeepers” that must comply with the EU‘s stringent new standards under the DMA have been confirmed. Companies like Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft are probably household names.

An alarming report by an online privacy advocate claims that Nissan and Kia can track their customers’ “sexual activity” and “sex lives” and may sell this information to third-party advertising.

On Tuesday, a court filing indicated that Alphabet-owned Google has reached a tentative settlement in a class action lawsuit brought by 21 million customers who claimed the company had overcharged its customers on the U.S. Google Play Store in violation of U.S. federal antitrust guidelines.

The price of a barrel of Brent crude oil has been hovering over $90 for two days in a row now, a 25 percent increase since June thanks to the expectation of more production cuts by big oil exporters Saudi Arabia and Russia.

On Wednesday, Sam Bankman-Fried was denied bail from a Brooklyn jail so that he could better prepare for his upcoming criminal trial related to the demise of his FTX bitcoin exchange.

Roku appears to be significantly reducing its spending. Variety reports that in addition to other cost-cutting initiatives, the corporation will lay off 10% of its personnel, or more than 300 people.

On Thursday, DocuSign, Planet Labs, Restoration Hardware, and Zumiez are all scheduled to release their quarterly results.

Kroger and Rent the Runway are set to report earnings on Friday.

Stocks to watch with positive momentum this week and Buy rating. SNDL, WMT, AMZN, META, GRPN, MSFT, GOOGL, eBay, AAPL, PYPL, UBS, Palo Alto Networks, Nvidia, ROKU

CWEB Summarized Business Newsletter September 5th 2023

WTA News: Aryna Sabalenka reaches 3rd straight U.S. Open semifinal

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September 6, 2023

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WTA News: Aryna Sabalenka reaches 3rd straight U.S. Open semifinal

No. 2 seed Aryna Sabalenka stormed into her third straight U.S. Open semifinal Wednesday with a 6-1, 6-4 victory against No. 23 seed Qinwen Zheng of China in New York.

Sabalenka has not dropped a set so far in Flushing Meadows and never faced a break point during her 73-minute quarterfinal win against Zheng.

“I think I definitely played great tennis today,” Sabalenka said in her on-court interview. “Super happy with the performance. I have myself another opportunity to do better in the semis.”

The 25-year-old Belarusian reached the final four at all four Grand Slam events this season, winning the Australian Open and losing in the semifinals at the French Open and Wimbledon. Serena Williams was the last woman to make all four Grand Slam semifinals in 2016.

Sabalenka started fast in sunny conditions, winning 22 of the first 27 points to open up a 5-0 lead. She converted 3 of 7 break chances, including the seventh game of the second set to take control.

Zheng, 20, was playing in her first major quarterfinal and finished with 13 winners and 16 unforced errors.

Up next for Sabalenka is either No. 9 seed Marketa Vondrousova of the Czech Republic or No. 17 Madison Keys. Sabalenka lost in the semifinals here to Leylah Fernandez in 2021 and Iga Swiatek in 2022.

–Field Level Media

WTA News: Naomi Osaka has ‘itch’ to compete, plans busy ’24 schedule

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September 6, 2023

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WTA News: Naomi Osaka has ‘itch’ to compete, plans busy ’24 schedule

Four-time Grand Slam champion Naomi Osaka said she has the “itch” to compete, although her return to the WTA Tour won’t come until 2024.

Osaka, 25, gave birth to her first child, daughter Shai, in July, but has already resumed training with an eye on next year.

“I’m doing a lot, which I think shocks a lot of people,” Osaka told ESPN at the U.S. Open on Wednesday. “But for me, I was kind of training during the pregnancy, too, so it’s not hard on my body at all.”

Osaka, who has been open about her struggles with mental health, was at the U.S. Open to speak on a panel along with former Olympic swimming champion Michael Phelps. She also took time to watch some of the action at Flushing Meadows.

“I’ve been watching matches and I’ve kind of wished that I was playing, too,” she said. “But I’m in this position now, and I’m very grateful. I really love my daughter a lot, but I think that it really fueled a fire in me.”

That fire has led to a busy schedule for Osaka, who plans to be at the first major of 2024 at the Australian Open in January. Osaka won the title in Melbourne in 2019 and 2021, but the former No. 1-ranked player in the world has modest expectations upon her return to competition.

“It’s definitely way more tournaments than I used to play, so I think some people will be happy with that,” she said. “It’s because I realized that I don’t know how the beginning of the year is going to go for me. I don’t know how the level of play, and I think that I have to kind of ease into it.

“So at the very least, I’m going to set myself up for a very good end of the year.”

Osaka said she has watched the success several players have had recently in their returns after becoming mothers, and she’s inspired to compete with Shai watching.

“It would be cool if she was proud of me,” Osaka said. “And I also just want her to be old enough to see me playing on the court and being, ‘Wow, that’s my mom!’ ”

–Field Level Media

ATP News: Daniil Medvedev outlasts Andrey Rublev, heat to advance to U.S. Open semis

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September 6, 2023

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ATP News: Daniil Medvedev outlasts Andrey Rublev, heat to advance to U.S. Open semis

Former champion Daniil Medvedev defeated fellow Russian Andrey Rublev 6-4, 6-3, 6-4 to move into the semifinals at the U.S. Open, surviving a searing September day in New York on Wednesday.

The players managed to endure 2 hours, 48 minutes of competition in the scorching afternoon sun, with a heat index that reached as high as 106 degrees. Both Medvedev, the No. 3 seed, and Rublev, seeded No. 8, gritted out the match but clearly felt the effects of the heat as they sometimes looked dazed as they sat on their respective sides with ice wraps, towels and water.

“You cannot imagine. One player gonna die and they’re gonna see,” Medvedev said loudly enough for the television cameras to pick up as he toweled off in the third set.

Medvedev needed two medical timeouts for inhaler treatment.

Despite the brutal conditions, Rublev didn’t fall easily to his longtime friend. Rublev, with Medvedev up 5-4 in the final set, fought off four match points before finally hitting the ball into the net to end the game, and the match.

The two met at midcourt for a brief hug, clearly too exhausted and too overheated for much more interaction.

“It was brutal. The only good thing I see in these conditions is that both suffer. Usually there’s one that suffers. It was tough for both of us,” said Medvedev, who won the 2021 title and will play in his fourth U.S. Open semifinal on Friday.

The match was much closer than the final line score indicated. Medvedev won only eight more points than his opponent — 103 to 95 — but Rublev couldn’t come up with the key points when he needed them. Despite the close points differential, Medvedev won 62 percent of the total games compared to 38 percent for Rublev.

Rublev also hit 32 winners and 37 unforced errors, compared to 26 and 40, respectively, for Medvedev.

Rublev fell to 0-9 in quarterfinals of Grand Slam tournaments. He jumped out to a 3-0 lead in the first set and was up at least one break point in each set but couldn’t capitalize. While Rublev broke Medvedev’s serve five times, Medvedev converted nine of his 19 chances, providing the difference.

The conditions made it difficult to execute a game plan.

“I tried to go for it, tried to run and he did the same,” Medvedev said. “Before points I was like, ‘Wow, he can’t run anymore’, so I tried to go and make him run and run and run, but he was there all the time. But we were tired all the time. Brutal conditions and super tough to win.”

Medvedev will play the winner of Wednesday night’s match between No. 1 Carlos Alcaraz of Spain and No. 12 Alexander Zverev of Germany.

When asked at center court about his level of play in New York, Medvedev clearly was confident.

“Ten out of 10,” he said.

–Field Level Media

PREM News: Wrexham won’t appeal failed Luke Armstrong transfer

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September 6, 2023

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PREM News: Wrexham won’t appeal failed Luke Armstrong transfer

Wrexham announced Wednesday that the club will not appeal its failed transfer bid for Harrogate Town striker Luke Armstrong.

Wrexham had agreed to terms with Harrogate and submitted the paperwork last Friday, but the transfer was rejected by the English Football League, which said the relevant documentation was not submitted before the window closed.

The Welsh club said Monday that it was exploring whether to appeal the decision, but ultimately determined it would not be successful.

“Having reviewed the additional information received from the EFL and considered this in the context of the submission of the documents for the transfer of Luke Armstrong from Harrogate Town, the Club have determined there is no reasonable chance of success if we were to appeal the EFL’s decision to reject the transfer,” Wrexham said in a statement on its website Wednesday.

“Now this decision has been made, we wish to apologise to Luke as we were unable to complete the transfer by the deadline and Harrogate Town, who we are sure will be as disappointed as we are that the transfer will not now be completed in this window.

“The Club will be reviewing the circumstances and processes that have led to this outcome with all the relevant parties.”

Armstrong, 27, has 31 goals in 106 appearances with Harrogate, including 16 last season. He did not appear in the club’s first two matches this season.

Wrexham’s League Two rival even announced the pending transfer on Friday night for an undisclosed fee, with Harrogate in turn signing Stevenage’s Josh March to replace their leading scorer from the past two years. March’s transfer was approved by the EFL.

–Field Level Media

NWSL News: Houston Dash part ways with coach Sam Laity

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September 6, 2023

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NWSL News: Houston Dash part ways with coach Sam Laity

The Houston Dash parted ways with first-year head coach Sam Laity on Wednesday.

The Dash currently sit in 10th place on the 12-team NWSL table with a 4-6-8 record.

Laity, 47, was hired on Dec. 21 after more than a decade as an assistant coach with the OL Reign.

Houston will name an interim coach “in the near future,” according to a news release.

“We have high ambitions and continuously work to build a competitive team that will represent the city at a high level. After considerable evaluation as to what is best for the team at this time, we made the decision to make a change,” Dash general manager Alex Singer said. “On behalf of the Club, community, and our team, I want to thank Sam for his dedication and contributions to our organization. We sincerely wish him all the best.”

The Dash return to league play on Sept. 15 when they travel to Kentucky to face Racing Louisville.

–Field Level Media

In a Shocking Court Filing Alex Murdaugh’s Attorney’s Accuse Clerk Becky Hill of Jury Tampering

Crime

CWEB Staff

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September 6, 2023

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Richard “Alex” Murdaugh’s attorneys have made shocking legal filings today, requesting that state authorities withdraw from the case and federal investigators be brought in, accusing a Colleton County court official of jury tampering, and violating Murdaugh’s civil rights to a fair trial, and requesting a new trial.

In a press conference today, Tuesday morning, Murdagh’s attorneys, Dick Harpootlian and Jim Griffin revealed what they believe is new evidence that accuses clerk Becky Hill of jury tampering. The attorneys are requesting an evidentiary hearing. “We have sent a request to the South Carolina U.S. Attorney to open a federal investigation into the violation of Alex Murdaugh’s civil rights.”

The autobiography “Behind the Doors of Justice: The Murdaugh Murders,” written by Colleton County Court Clerk Rebecca Hill, went on sale on August 1.

According to the motion by Dick Harpootlian and Jim Griffin, Hill induced the jury to “reach a quick verdict” and engaged in “frequent private conversations with the jury foreperson” to influence the panel to find Hill guilty.

“Today, we filed a petition based on newly discovered evidence with the SC Court of Appeals to stay Alex Murdaugh’s appeal while a hearing is held on a motion for a new trial,” said Murdaugh’s attorneys in a joint statement attached to the legal filings. The defense claims that the jury selection process was interfered with so the court clerk could obtain a book deal.

2023-09-05 Ltr to Adair For… by USA TODAY Network

The autobiography “Behind the Doors of Justice: The Murdaugh Murders,” written by Colleton County Court Clerk Rebecca Hill, went on sale on August 1. According to the motion by Dick Harpootlian and Jim Griffin, Hill induced the jury to “reach a quick verdict” and engaged in “frequent private conversations with the jury foreperson” to influence the panel to find Hill guilty. They accuse Rebecca Hill of telling jurors not to be “fooled by” Mr. Murdaugh’s testimony in his own defense.

Murdaugh case could get a new trial if jury tampering is found. If the clerk of the court betrayed her office for money and fame, the court should rule for Murdaugh to get a new trial. If so, jurors will have to testify in court to prove improper jury misconduct.

Murdaugh is currently two life sentences for killing his son and wife.

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NHL News: Coyotes extend GM Bill Armstrong’s contract

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September 6, 2023

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NHL News: Coyotes extend GM Bill Armstrong’s contract

The Arizona Coyotes announced a multi-year extension with general manager Bill Armstrong on Wednesday.

Contract terms were not disclosed for Armstrong, 53, who is heading into his fourth season in the position.

The Coyotes finished 28-40-14 in 2022-23, a 13-point improvement over the previous season.

“For the past three years, Bill has done an excellent job restructuring our hockey operations department and rebuilding our hockey team,” Coyotes owner Alex Meruelo said. “He has acquired elite talent through the draft, trades, and free agency, and has established a winning culture by adding a great coaching staff and other key hockey operations personnel. I am confident that under his leadership, the Coyotes will soon become a perennial playoff team and we will continue to work towards our goal of bringing a Stanley Cup to the Valley.”

Armstrong’s notable moves include hiring head coach Andre Tourigny ahead of the 2021-22 season and stockpiling 34 picks in the 2024, 2025 and 2026 NHL drafts.

“I am very grateful to Mr. Meruelo, Alex Meruelo Jr., and Xavier Gutierrez for all of their confidence, trust and continued support,” Armstrong said. “Being the General Manager of the Arizona Coyotes is an honor and a privilege and I am very proud of all the hard work that our hockey operations staff, coaching staff, and players have done to improve our organization. We still have a lot of work to do but I firmly believe that we are on the right track to becoming a playoff-caliber team for years to come. We have a very bright future here in Arizona.”

Armstrong was an assistant GM with the St. Louis Blues from 2018-20 before joining the Coyotes.

–Field Level Media

NHL News: Blueliner Michael Del Zotto retires after 13 seasons

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September 6, 2023

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NHL News: Blueliner Michael Del Zotto retires after 13 seasons

Former first-round pick Michael Del Zotto retired Wednesday after 13 seasons in the league, including his first five with the New York Rangers.

Del Zotto, 33, appeared in 26 games in 2021-22 for the Ottawa Senators, his eighth and final team. He did not play last season.

Del Zotto made the retirement announcement on social media.

“Today is a bittersweet day,” Del Zotto posted to his Instagram page. “I was fortunate enough to play 14 years of professional hockey. The blood, sweat, tears, broken bones, triumph, heartbreak and sacrifice were worth every second.”

The Rangers selected Del Zotto 20th overall in the 2008 draft and he made his debut with the club a year later, playing in 80 games. He made the All-Rookie Team after posting 37 points.

He finishes with 262 points (63 goals, 199 assists) and 284 penalty minutes in 736 games.

Del Zotto played with five different teams, including the Anaheim Ducks twice, since the 2017-18 season.

–Field Level Media

PGA News: Rory McIlroy (back) will be ‘totally fine’ for Ryder Cup

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September 6, 2023

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PGA News: Rory McIlroy (back) will be ‘totally fine’ for Ryder Cup

Rory McIlroy is still recovering from a back injury but said he will be “totally fine” in time for the Ryder Cup.

The 34-year-old Northern Irishman hurt his lower back ahead of last month’s PGA Tour Championship.

McIlroy, the world’s No. 2-ranked player, is competing in the Irish Open this week on the DP World Tour.

“I would say it’s at 90 percent, 95 percent,” McIlroy said Wednesday, per Sky Sports. “It’s not 100 percent better. I just happened to take care of it a little bit but it’s not preventing me from doing anything I want to do. Just being a little mindful, I guess.”

He said he isn’t concerned about his fitness level.

“No, not at all,” McIlroy said. “I’ve had much worse (injuries). I had much worse back issues when I was 21, so this is fine. This is a bit of tightness, a bit of a muscle spasm.

“This is nothing compared to some I’ve had. I’ve had a herniated disc and I’ve had stuff that would be a lot more worrying than this is, and I’ve got really good people around me that know what to do. It’s fine. It’s totally fine. I maybe don’t heal quite as fast as I used to but it’s all good.”

McIlroy will also compete at next week’s BMW PGA Championship in Surrey, England, before taking time off to prepare for his seventh consecutive Ryder Cup appearance for Team Europe from Sept. 29-Oct. 1 in Rome.

“It will be nice over these next couple of weeks and obviously the week leading into Rome to sort of feel like I’ve spent some time refining a few things in my game and working on some stuff,” McIlroy added. “I’m excited to spend the next few weeks over here and do that.”

–Field Level Media

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WTA News: Aryna Sabalenka reaches 3rd straight U.S. Open semifinal

WTA News: Naomi Osaka has ‘itch’ to compete, plans busy ’24 schedule

ATP News: Daniil Medvedev outlasts Andrey Rublev, heat to advance to U.S. Open semis

PREM News: Wrexham won’t appeal failed Luke Armstrong transfer

NWSL News: Houston Dash part ways with coach Sam Laity

In a Shocking Court Filing Alex Murdaugh’s Attorney’s Accuse Clerk Becky Hill of Jury Tampering

NHL News: Coyotes extend GM Bill Armstrong’s contract

NHL News: Blueliner Michael Del Zotto retires after 13 seasons

PGA News: Rory McIlroy (back) will be ‘totally fine’ for Ryder Cup

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