Tech IPOs, stocks strong despite Israel–Iran: Market Takeaways
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Yahoo
23 minutes ago
- Yahoo
Grading Deandre Ayton's $16 million Lakers contract
The post Grading Deandre Ayton's $16 million Lakers contract appeared first on ClutchPoints. When the Los Angeles Lakers allowed Dorian Finney-Smith to walk in free agency after he opted out of his contract, they suddenly found themselves with the full non-taxpayer mid-level exception at their disposal. That gave them around $14 million to spend, and it couldn't have come at a better time as a surprise free agent hit the market. Once Deandre Ayton hit free agency following his buyout from the Portland Trail Blazers, the Lakers seemed like a natural fit, and sure enough he agreed to a contract with the team. Advertisement Deandre Ayton's contract with the Lakers in free agency is for part of the MLE, two years and around $16 million with a player option for 2026-27. The other portion of the MLE is what the Lakers used to agree to terms with Jake LaRavia in the wake of Finney-Smith's departure. For a team that came into the offseason with not much room available to them by way of free agency, the Lakers did very well for themselves. The move to acquire LaRavia has already been discussed, and here's how the Ayton acquisition should shape up. Lakers agree to terms with Deandre Ayton While free agent contracts cannot be officially signed until July 6, the Lakers have agreed in principle to sign Deandre Ayton. The free agent market in terms of centers was relatively thin to begin with, and the Lakers' most likely pathway to getting the starting center they needed always seemed to be via trade. Advertisement It is possible they still make a trade to bolster the frontcourt further, but the so far the Lakers have had a fairly successful free agency period. A couple of the team's early center targets in Brook Lopez and Clint Capela came off the board quickly in the early hours of the negotiation period. The Lakers were never going to be a serious option for Myles Turner. That left slim pickings on the free agent market, at least until Ayton became available. Behind Turner, Ayton was arguably the next best free agent center option. Yes, ahead of both Lopez and Capela. His availability was surprising in itself, and a huge score for the Lakers. He is the epitome of what they need in a potential starting center. The Lakers don't need Ayton to be a superstar. They don't need him to be an All-Star. They don't even need him to be a No. 1-pick caliber player. They simply need someone to run the floor, grab rebounds, be a deterrent at the basket and get a few buckets. Simply put, he's better than anyone they had at center last season following Anthony Davis' departure. Advertisement Given Ayton's skillset, one can imagine how he might have impacted the Lakers' opening round playoff series against the Minnesota Timberwolves, especially on the glass. Ayton has been a double-digit rebounder his entire career with an average of 10.5 boards per game. He is a gifted offensive threat as well. The Lakers got next to nothing offensively out of the center position in the playoffs with JJ Redick forced to go small with LeBron James at center and Finney-Smith and Rui Hachimura at forward. Ayton has averaged double-digits in scoring every season of his career and has a shooting average of 59%. He can finish at the basket and he's consistent from mid-range as well. He's the kind of offensive center than can thrive with multiple playmaking threats in James, Luka Doncic and Austin Reaves. He also has a ton of motivation following questions about his motor and effort. For what the Lakers originally had coming into free agency, this is a home-run signing. He will be given all the opportunity in the world to make an impact, and it's a solid contract too. The second year is a player option and preserves cap space for 2027. Final grade: A Related: Sources: Lakers' next targets after Deandre Ayton contract agreement Related: Deandre Ayton issues strong six-word message to Lakers
Yahoo
27 minutes ago
- Yahoo
‘Most humbling thing I've ever seen': Ford CEO sounds alarm on China's EV dominance — what that means for you
Ford CEO Jim Farley didn't mince words at the recent Aspen Ideas Festival, describing China's rapid rise in the electric vehicle (EV) market as the 'most humbling experience' of his career. "Their cost, their quality of their vehicles is far superior to what I see in the west." Farley said. Chinese automakers like BYD have pulled ahead with vertically integrated supply chains, efficient production and government support. They're pumping out reliable EVs at prices that make even budget-conscious U.S. models look expensive — including the new BYD Seagull, priced under $10,000 USD. "We are in a global competition with China, and it's not just EVs. And if we lose this, we do not have a future Ford," Farley said. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it For U.S. consumers, this isn't just about bragging rights in the global auto race. It's about what you'll pay for your next vehicle. If Chinese EVs enter Western markets without tariffs, they could undercut competitors by tens of thousands of dollars — bringing huge savings to consumers but serious threats to U.S. auto industry jobs. In response, the U.S. government has already imposed steep tariffs on Chinese electric vehicles, which may shield domestic automakers for now but also delay price competition. Farley's warning comes as more and more Americans are looking to switch to EVs amid soaring gas prices and expanding charging infrastructure. But since Tesla, Ford and GM EVs often start in the $40,000-$60,000 range, many Americans are priced out. Read more: No millions? No problem. With as little as $10, here's of diversified assets usually only available to major players China's advantage? It controls much of the world's battery production and can bring new EVs to market in a fraction of the time compared to U.S. automakers. Ford is working on a next-gen affordable EV platform intended to match China's costs but says it won't arrive until 2027. Tesla is also aiming to launch a $25,000 'Model 2,' but timelines remain uncertain. Until then, the price gap persists. One other fact is that Apple and Google just "decided not to go into the car business," according to Farley. This has created significant barriers to the U.S. competing with the level of technological integration made available in Chinese vehicles. "They have far superior in-vehicle technology. Huawei and Xiaomi are in every car," Farley added. "You get in, you don't have to pair your phone. Automatically, your whole digital life is mirrored in the car." For now, U.S. car buyers won't see sub-$20,000 EVs on the lot — but pressure is mounting. Here's how to stay ahead: Watch for incentives: Federal EV tax credits can ease the price of U.S.-made electric cars. Consider used EVs: As more models hit the market, prices on pre-owned electric cars are dropping. Just make sure you double-check the battery warranty before buying used. Plan long-term: If you're planning to switch to electric in the next few years, competition and innovation may bring prices down — eventually. Ford and Farley are painfully aware that market dynamics are shifting. And for American drivers, the race to affordable EVs is on. This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Money doesn't have to be complicated — sign up for the free Moneywise newsletter for actionable finance tips and news you can use. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Gizmodo
30 minutes ago
- Gizmodo
Just Released Last Week, the Roborock Q7 M5+ with Docking Station Is 40% Off for Prime Day
Roborock has established itself as the go-to company for robot vacuums and mops with its highest-end models priced over $1,500. While these luxury devices are the benchmark for both performance and innovation, the more budget-friendly 'Q' line is the best-seller because it pairs innovative features with low prices. The new Q7 M5+ is the model to buy in 2025, with what is arguably the greatest value out there today. Only a week after its official release, Amazon reduces the Q7 M5+ by an incredible 35% just for Prime Day: That brings its price down to $279, from $429, which is (obviously) an all-time low that leaves the competition in the dust. See at Amazon The Roborock device combines powerful suction, advanced navigation and hands-free maintenance which makes it a smart choice if you're looking to keep your home clean with minimal effort. Due to its 2.7-liter closed dust bag and RockDock Plus mechanism, the Q7 M5+ runs for up to seven weeks without needing to be emptied. The most incredible feature of this latest Roborock device is the 10,000Pa HyperForce suction power: This cleaning ability allows the Q7 M5+ to capture pet hair, dust and dirt from all surfaces. The dual anti-tangle system with the JawScrapers main brush and a side brush that is resistant to hair wrap avoids interruption and clogs even in houses with long-haired pets. The Roborock Q7 M5+ vacuums but also mops: With three varying water flow settings that you can control, you can tailor the mopping function to suit your specific needs, and deliver the most effective result on any given flooring type. The PreciSense LiDAR navigation system precisely maps your home, and allows the robot to clean effectively and avoid bumps. Real-time mapping in this feature is especially useful in large homes or multi-room living spaces. Controlling the Q7 M5+ is easy using the Roborock app: With your smartphone, you can schedule cleaning sessions and set no-go zones, activate spot cleaning and locate the robot and its battery life remaining. The app supports 2.4GHz Wi-Fi so your cleaning routine can be controlled whether it's you that's home or not. With its current Prime Day price, the Q7 M5+ is not only at its lowest price ever, but it also delivers a level of performance that's hard to match at any price point. See at Amazon
