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Home Blog Page 8628

MLB News: Ex-scouts file age discrimination lawsuit against MLB


A group of former Major League Baseball scouts sued commissioner Rob Manfred, the league office and all 30 teams on Wednesday, contending age discrimination, the Los Angeles Times reported.

The suit was filed in U.S. District Court in Denver and contends MLB “blacklisted” older scouts and used the pandemic and the trend toward analytics as a “pretext for coordinated and systemic discrimination based on age.”

The lawsuit alleges MLB and the teams violated the federal Age Discrimination in Employment Act and age discrimination laws in 12 states.

“We believe the commissioner and the owners colluded to eliminate veteran personnel because of salaries,” Rick Ingalls, who was a scout for 37 years, told the Times.

Major League Baseball released a statement later Wednesday.

“We do not comment on pending litigation. However, we look forward to refuting these claims in court,” read the league’s statement.

Named as plaintiffs in the suit are 17 former scouts between the ages of 55 and 71. All but one had at least 24 years’ experience. The plaintiffs are seeking class-action status that could grow the case to involve more than 100 “older” scouts and a request for at least $100 million in lost wages and damages.

Per the Times, the suit contends that MLB stopped posting notices when scouts became available to hire, listed older scouts who shouldn’t be hired and used the pandemic as “an opportunity to terminate an entire class of older employees.”

Ingalls told the Times that some of the scouts are in financial straits.

“These guys, when they’re let go, they’re not given a year of severance, they have no health insurance, no paycheck,” Ingalls said. “A lot of guys who are 55-60 when they’re fired can’t take pensions without penalties until they’re 65. They can’t get social security until they’re 62. They have no health insurance.

“A lot of these guys who we’re fighting for are losing their homes. They have kids, and the cost of (health) insurance is off the charts.”

–Field Level Media

MLB News: Jays reinstate 1B/DH Brandon Belt, scratch SS Bo Bichette


The Toronto Blue Jays reinstated first baseman/designated hitter Brandon Belt from the 10-day injured list on Wednesday.

Belt, 35, has not played since June 10 due to left hamstring inflammation. He is batting .263 with four homers and 16 RBIs in 48 games in his first season with Toronto.

The Blue Jays optioned DH Spencer Horwitz, 25, to Triple-A Buffalo in a corresponding move. He had two hits and an RBI in three games with Toronto.

The Blue Jays also scratched shortstop Bo Bichette from the starting lineup for Wednesday’s game at Miami due to discomfort in his left thumb. Santiago Espinal got the start at shortstop.

Bichette, 25, is batting .317 with a league-leading 101 hits, 14 home runs and 46 RBIs while playing in all 75 games this season before Wednesday.

–Field Level Media

MLB News: Red Sox RHP Tanner Houck having plate inserted in face


Boston Red Sox right-hander Tanner Houck, who suffered a facial fracture after getting struck by a line drive last week, will undergo surgery next week to insert a plate into his face.

Red Sox manager Alex Cora gave the update, adding he had no timetable for Houck’s return but said he expects the 26-year-old back this season.

The team placed Houck on the 15-day injured list on Sunday.

Cora did call it a “best-case scenario” for Houck, who was hit below the eye and temple.

“Sounds bad, right? Fracture,” Cora told reporters Tuesday. “But the fact that he knows he’s going to be part of this, it’s good. It’s the best news we can get.”

Houck was struck just under his right eye by a line drive from Kyle Higashioka of the New York Yankees on Friday night.

Houck, 26, is 3-6 with a 5.05 ERA through 13 starts this season.

He has a 12-15 record with nine saves and a 3.66 ERA in 66 career games (33 starts) with the Red Sox.

–Field Level Media

MLB News: Giants face Padres, aim for 10th straight win


The San Francisco Giants will measure just how much juice they have left in their busy bullpen when they go the opener route in search of a third straight win over the visiting San Diego Padres on Wednesday night.

The Giants have won nine in a row overall, including the first two contests of the four-game series in walk-off fashion. They received a three-run homer from Mike Yastrzemski in the 10th inning for a 7-4 victory Monday before watching Padres closer Josh Hader walk home the winning run in the ninth for a 4-3 win on Tuesday.

Late rallies and game-ending heroics grabbed the headlines, but perhaps the biggest difference in the tightly contested matchups has been the work of San Francisco’s bullpen. The Giants have received 12 1/3 innings of three-run ball from six different relievers.

The Padres, meanwhile, have tried five different relievers — including Tim Hill twice — out of the bullpen for a total of seven innings, during which the Giants have turned seven hits and nine walks into eight runs.

The six Giants relievers who have contributed to the wins do not include Ryan Walker (2-0, 1.65 ERA), who was pressed into opener duties on Monday. He will start Wednesday’s game as well.

Walker allowed one run on three hits in 1 2/3 innings on Monday, his lone career encounter vs. San Diego.

One reason for continued optimism, Giants manager Gabe Kapler insisted, is that he hasn’t had to use any reliever more than once in the series, so all are relatively fresh. The lone exception probably is Tristan Beck, who went three scoreless innings in Tuesday’s win.

“Tristan has pitched in a lot of down-one or down-two games and has given us a lot of length,” Kapler said. “You look up at the scoreboard and he’s got tons of innings; he’s got a low ERA; he has a high strikeout rate; he has a low walk rate. That’s the makings of a very good major-league pitcher, and he deserves a lot of credit for where we are right now.”

The Padres are set to go the traditional starter route on Wednesday with standout right-hander Yu Darvish (5-5, 4.74), who is coming off one of his worst outings of the season, having allowed six runs in five innings in a 6-2 home loss to the Tampa Bay Rays last Friday. He had won his previous two starts, against the Chicago Cubs and Colorado Rockies, respectively.

Darvish didn’t get a decision in a 6-4 win over the Giants in Mexico City on April 30, as he was charged with all four runs in six innings. The 36-year-old is 2-2 with a 6.26 ERA in 10 career starts against San Francisco.

Darvish will face a team that’s been out-hit 20-14 in the series but has come up bigger in the most important situations. The Giants are 4-for-12 with runners in scoring position; the Padres are just 3-for-17.

As a result, the visitors have stranded 18 baserunners in 19 innings.

“When you’re doing well, you don’t even think about it. You just go out there and swing the bat,” San Diego’s Juan Soto said of his team’s lack of success in clutch situations. “But whenever you’re doing bad, it gets in your mind. Even when you don’t want to think about it, it’s right there.”

Kapler viewed it from his club’s perspective.

“It’s a team thing that’s happening right now,” he said. “There’s a lot of trust from one player to the next. Guys are comfortable taking walks.”

–Field Level Media

Elon Musk To Train with UFC Legend Georges St-Pierre for Probable Cage Match Against Mark Zuckerberg, Web Fans Are Excited

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Elon Musk has accepted Georges St-Pierre’s offer to coach him for his impending match against Mark Zuckerberg. St-Pierre is a famed mixed martial arts (MMA) fighter. The clash between the tech billionaires originated from Musk’s proposal of a “cage match” after rumors surfaced about Zuckerberg developing a platform to rival Musk’s short messaging platform.

The Ultimate Fighting Championship (UFC) Apex center in Las Vegas is likely to host the highly anticipated contest, which has received the endorsement of UFC president Dana White. While Zuckerberg already practices martial arts and recently participated in his first jiu-jitsu tournament, Musk claims to rarely work out but enjoys a considerable size advantage over his opponent.

Despite Zuckerberg’s growing interest in MMA and his recent victory in an amateur Brazilian jiu-jitsu tournament, Musk’s size advantage remains a notable factor. Musk himself has a background in various martial arts, including Kyokushin karate, taekwondo, judo, and a brief stint in Brazilian jiu-jitsu during his childhood. In fact, Musk confirmed his commitment to training by announcing on the short messaging platform that he had a practice round with jiu-jitsu black belt and podcaster Lex Fridman.

 

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Georges St-Pierre, a former UFC champion, has come forward to offer his assistance to Musk. St-Pierre, who retired in 2019, holds an impressive record and has held titles in two different UFC weight classes. His last fight in the Octagon saw him triumphantly defeat then-UFC Middleweight Champion Michael Bisping in 2017 before voluntarily vacating the title.

Addressing Musk on Twitter, the retired fighter expressed his admiration and offered to be his training partner for the challenge against Zuckerberg. Musk promptly responded, accepting St-Pierre’s proposal and solidifying their partnership.

The initial banter between Musk and various users on the short messaging platform quickly escalated into a serious challenge, with both Musk and Zuckerberg accepting the idea of a cage match. Dana White confirmed their commitment, stating that the two billionaires were genuinely serious about the potential fight.

While no official date has been set for the showdown, both opponents have already engaged in discussions with the UFC president regarding the highly anticipated bout. Musk’s collaboration with St-Pierre adds an intriguing dynamic to the upcoming clash, leaving fans eager to witness this unique collision between the worlds of technology and martial arts.

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Legacy Media Warner Bros, Disney, Discovery, Paramount Miss Growth Expectations while Netflix, YouTube, TikTok Gain Ground

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Credit Photo by Alexander Shatov

The first six months of 2023 have proven to be a disappointing period for the legacy media industry. Despite hopes of a rebound from the setbacks of 2022, major companies such as Netflix, Inc., Disney, Warner Bros. Discovery, and Paramount Global have struggled to regain their footing. Streaming subscriber slowdowns led to significant drops in valuations for these companies, causing concerns among investors. However, one player seems to be defying the odds and catching the attention of investors once again – Netflix.

The video on-demand over-the-top streaming television service’s recent crackdown on password sharing has reignited excitement among investors, potentially leading to a surge in new accounts and signups. Netflix’s shares have outperformed the S&P 500 in the past five months, showcasing its resilience and ability to adapt. In contrast, the legacy players have been facing numerous challenges.

The Walt Disney Company, famous as Disney, has experienced a rocky ride and recently called in lay-offs. Warner Bros. Discovery has also faced its fair share of difficulties, including layoffs and internal errors. Even the highly anticipated superhero movie “The Flash” failed to meet expectations at the box office.

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Meanwhile, NBCUniversal has managed to weather the storm better than its counterparts, thanks to the support of its parent company, Comcast. MSNBC’s rise to become the No. 1 cable news network, coupled with Universal’s box office hit “The Super Mario Bros. Movie,” has provided some respite for the company.

However, the industry’s challenges extend beyond the struggles of individual companies. Hollywood is currently facing an extended writers’ strike, which threatens to disrupt the supply of scripted content.

This situation presents an opportunity for platforms like YouTube, TikTok, and Netflix, which continue to deliver content unaffected by the strike and the platforms are likely to benefit from the work shutdowns and attract more viewers. However, legacy media companies may see a temporary reprieve if advertising rebounds during the 2024 U.S. presidential campaign.

After eliminating thousands of jobs last year, Warner Bros. Discovery is now reducing staff again in an effort to increase free cash flow. CEO David Zaslav supported CNN CEO Chris Licht for a year before firing him last month as a result of a string of internal staff problems and external programming mistakes. HBO Max is now simply known as Max, and continues serving content for users.

Nevertheless, the overall outlook for the legacy media industry remains grim. While investors are hesitant to reward cost-cutting measures, consolidation prospects are also uncertain due to regulatory constraints. Deals like Microsoft’s acquisition of Activision and Penguin Random House’s proposed purchase of Simon & Schuster have faced regulatory obstacles.

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The sharp monthly increase in Groupon (GRPN) stock points to an impending positive turnaround

Celebrity Lionel Messi’s Debut with Inter Miami Raises Hopes, Web Fans Anticipate Team’s Turnaround to Success

Image A. Paes

Inter Miami CF, a Major League Soccer (MLS) club, represents the vibrant soccer scene in the United States. As one of the 29 teams in the league, Inter Miami competes in the Eastern Conference, and also takes part in the U.S. Open Cup, the national cup competition that involves clubs from both MLS and the second-tier USL Championship.

While the club’s off-field endeavors, including the imminent arrival of Sergio Busquets and rumored interest in Barcelona left-back Jordi Alba, create excitement among the fans, on the field, Inter Miami has been struggling to find success. The recent 4-1 defeat to the Philadelphia Union exemplified the team’s woes, pushing them further down the Eastern Conference standings.

Former England captain David Beckham’s Inter Miami currently finds itself 11 points adrift of the playoff spot, occupied by Wayne Rooney’s DC United. With only two games in hand and their current form in question, the team faces a daunting task of catching up before the arrival of Argentine legend and FIFA World Cup 2022 winner Lionel Messi, which could potentially jeopardize their playoff aspirations.

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Inter Miami’s upcoming fixtures, including matches against formidable opponents like Austin, Columbus, Rooney’s DC, and St. Louis, make their path to the playoffs even more challenging. The team’s defensive shortcomings were evident in their recent match, with individual errors and poor coordination leading to goals conceded.

In attack, Inter Miami struggled to convert possession into meaningful chances, highlighting the need for improvement in their offensive tactics. However, the prospect of having Messi in their ranks brings hope for a change in fortunes, with the plan likely being to provide the ball to the Argentine superstar and rely on his exceptional abilities.

With the date of Lionel Messi’s potential debut reportedly set for July 21 in the Leagues Cup against Cruz Azul, Inter Miami’s ownership and fans eagerly await the arrival of the legendary forward. As they prepare for Messi’s integration into the team, Inter Miami faces a crucial period where they must regroup, address their deficiencies, and strive for a turnaround in their season.

While Inter Miami CF represents the dynamic soccer landscape in the United States, their on-field struggles have been evident. The arrival of celebrity player Messi brings anticipation and renewed optimism.

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https://cweb.com/which-billionaire-has-given-away-over-50-billion-to-charity/

Which billionaire has given away over $50 billion to charity

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Credit Prachaya Roekdeethaweesab

While the world chases list that show the richest person in the world, one billionaire has quietly given away more than $50 billion, to date. Warren Buffet, the chairperson of Berkshire Hathaway (BRK-B) has signed the Giving Pledge along with some other but not all billionaires including Bill and Melinda Gates, MacKenzie Scott and others. The American businessman and philanthropist is the not the richest person in the world but has proved to be the most generous billionaire in the world.

On Wednesday, Warren Buffet donated another chunk of his fortune. It consisted of Berkshire Hathaway stock with a value of $4.6 billion. He began a summer tradition of gifting stock in 2006. The recent gift of stocks presented to the Bill and Melinda Gates foundation was valued at $3.5 billion.

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Other non-for-profits who received Berkshire Hathaway gift stocks included the Susan Thompson Buffet Foundation that received $350 million worth of stock. His late wife was the founder. The foundation focuses on health care and education.

The Oracle of Omaha also gave three foundations that were founded by his three children: Susan, Howard and Peter Buffet $250 million in Berkshire Hathaway stocks.

Warren Buffet is at the top of the Forbes list of America’s most generous philanthropists of 2023. He has given $51.5 billion, as of now.

In a statement the 92-year-old billionaire said that the five foundations that had “received Berkshire B shares that had a value when received of about $50 billion, substantially more than my entire net worth in 2006.”

The Oracle of Omaha has been steadily giving donations for the past 17 years. As of now the foundations have approximately received the following amounts
Gates Foundation—$39.3 billion
Susan Thompson Buffet Foundation—$4.2 billion
Sherwood, Howard G. Buffet and Novo foundations—$2.4 billion to each one of them.

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https://cweb.com/the-sharp-monthly-increase-in-groupon-grpn-stock-points-to-an-impending-positive-turnaround/

Goldman Sachs is Bullish on First Solar

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Goldman Sachs reiterated its Buy rating and $272.00 price target on First Solar (NASDAQ:FSLR), noting it is bullish on the company due to upcoming catalysts in H2/23 that could boost Street estimates and the stock price.
Based on their research, the analysts said that it appears that there are increasingly active conversations about expanding manufacturing capacity, possibly in the Southeastern United States. This development has the potential to be a significant catalyst leading into the second quarter earnings. Additionally, their discussions with the supply chain indicate that bookings in the US utility-scale sector have shown signs of improvement. This improvement can be attributed to the Treasury’s updated guidance regarding domestic content rules in the Inflation Reduction Act.

Walgreens Boots Alliance Stock Plunges 8 percent on Weak Q3 Earnings & Guidance Cut

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Walgreens Boots Alliance (NASDAQ:WBA) shares dropped around 8% pre-market today after the company reported its Q3 earnings, with EPS of $1.00 coming in worse than the Street estimate of $1.08. Revenue was $35.4 billion, compared to the Street estimate of $34.24 billion.
The company cut its full 2023-year outlook, expecting EPS in the range of $4.00-$4.05 (from $4.45-$4.65), compared to the Street estimate of $4.46.
CEO Rosalind Brewer explained that the quarter was marked by margin pressures due to a notable decrease in demand for COVID-related services, a consumer base that is more cautious and focused on value, and a recent decline in respiratory season activity.