
Warner Bros. Wins Support From Bondholders for Debt Overhaul
It became clear toward the end of last week that the company would likely achieve sufficient backing from creditors to move forward with the debt retooling. Support was over 90% for some portions of its debt as of the close of business on Friday, according to a statement on Monday.
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Major Bank Thinks Bitcoin Is Going To Get Less Volatile — Is It Time To Invest?
If you've been on the sidelines watching bitcoin's wild price swings with caution, you're not alone. For years, bitcoin has had dramatic ups and downs, making everyday investors nervous about jumping in. However, this might be changing. As reported by CoinDesk, a report from Deutsche Bank suggests that bitcoin's volatility is likely to continue falling. It pointed to growing mainstream acceptance and an increase in the digital currency's adoption by companies, retail investors and governments. Read Next: Learn More: And if the trend continues, bitcoin could become more like traditional assets and even more attractive to long-term investors. What does this mean for conservative investors? Is it time to invest? Why Bitcoin's Volatility Is Easing Up Since its creation, bitcoin's price has been nothing but a wild ride. However, according to Deutsche Bank, several key factors are helping reduce volatility. For one, there's growing institutional adoption. More companies, retail investors and governments are embracing bitcoin, not just as a speculative asset but as a long-term investment. Second, there's more regulatory clarity. During the recent U.S. Crypto Week in Washington, D.C., the GENIUS Act, which aims to set a regulatory framework for stablecoins, was signed into law. The CLARITY Act, which would establish regulatory guidelines for cryptocurrencies, has also passed in the House. Check Out: A More Mature Market Could Attract Long-Term Investors Deutsche Bank sees the decline in volatility as a sign of a maturing market. If bitcoin continues on this path, it may start to look more like a digital version of gold — a stable store of value rather than a risky bet. That shift could attract more conservative investors, including pension funds and sovereign wealth funds, who previously stayed away due to high risk and regulatory uncertainty. Is It Time To Invest? Bitcoin becoming less volatile doesn't guarantee that prices will only go up. It means the market could behave more predictably over time. If you've been hesitant about buying bitcoin because of the wild price swings, this trend toward stability might offer a more comfortable entry point. Still, it's important to remember that bitcoin is not without risk. It remains a high-risk, high-reward asset, and it's still influenced by news, regulatory decisions and shifting investor sentiment. But if Deutsche Bank is right and bitcoin's volatility is declining, then we may be looking at a new chapter for crypto — one where long-term investors can invest in the crypto with a bit more peace of mind. More From GOBankingRates How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on Major Bank Thinks Bitcoin Is Going To Get Less Volatile — Is It Time To Invest?
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Minkah Fitzpatrick gets a $16.245 million signing bonus in his restructured Dolphins deal
MIAMI GARDENS, Fla. (AP) — Minkah Fitzpatrick and the Miami Dolphins agreed Sunday to a restructured contract that adds a $16.245 million signing bonus to the All-Pro safety's deal. Agent Drew Rosenhaus confirmed the restructured deal, which was first reported by ESPN. The Dolphins acquired Fitzpatrick in a trade with the Steelers last month that sent All-Pro cornerback Jalen Ramsey and Pro Bowl tight end Jonnu Smith to Pittsburgh. Fitzpatrick, who became one of the top safeties in the NFL with the Steelers, returned to the team that drafted him 11th overall in 2018 and traded him away at his request in 2019. There previously was no guaranteed money left on Fitzpatrick's contract that runs through 2026. No years were added, but Rosenhaus said they're seeking a multiyear extension. The Dolphins cleared $11 million in cap space in the restructured deal by converting part of Fitzpatrick's salary to a bonus, according to NFL Network. Fitzpatrick had $2 million of his 2026 salary moved up to this coming season. He is now due $17.5 million in 2025 and $15.6 million in 2026. Fitzpatrick had signed a four-year extension with the Steelers in 2022 that made him the highest-paid safety in the NFL at the time and gave him $36 million in guarantees. ___ AP NFL: Alanis Thames, The Associated Press
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TACO not on the menu: Howard Lutnick says tariffs start August 1 with no extensions
Tariffs are coming on August 1 and there will be no more extensions, Commerce Secretary Howard Lutnick said. President Donald Trump imposed his 'Liberation Day' tariffs in April, causing a rollercoaster stock market. A week later, he announced a 90-day pause, which has now expired, with many set to take effect Friday. Although the world may have gotten used to Trump announcing sweeping levies before backing out of them shortly thereafter, this time, there's no risk of TACO — the shorthand for "Trump Always Chickens Out" — the commerce secretary suggested. "No extensions. No more grace periods. August 1, the tariffs are set. They'll go into place," Lutnick said on "Fox News Sunday.' World leaders are still more than willing to talk to Trump after the August 1 deadline. 'Between now and then, I think the president's going to talk to a lot of people. Whether they can make him happy is another question, but the president is definitely willing to negotiate and talk to the big economies,' Lutnick continued. Lutnick's announcement of the hard deadline contrasts with the message of Treasury Secretary Scott Bessent days earlier, when he suggested the tariff deadlines were flexible. 'The important thing here is the quality of the deal, not the timing of the deals,' Bessent told CNBC on Monday. The hard deadline comes months after the president earned the TACO acronym after he backed out of his sweeping tariff plan. On April 2, which he's dubbed Liberation Day, Trump declared the day would 'forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again.' Stock market turbulence ensued. The NASDAQ broke a record with its largest single-day point drop in the market's 50-year history as investors responded to Trump's tariff plan. Just one week after Liberation Day, he walked back on his grand plan and the stock market surged. That's when the acronym TACO emerged. Financial Times columnist Robert Armstrong coined the term to describe the president's pattern of implementing trade policy threats, which investors predicted would cause the market to tumble, before he walks back on that policy, leading to a market rebound. Last month, he delayed the July 9 tariff deadline to August 1. Trump is meeting with European Commission chief Ursula von der Leyen on Sunday to try to avoid a potential trade war. "We're working very diligently with Europe, the EU," Trump told reporters before he left for Scotland on Friday. "I would say that we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU." Lutnick also commented on Sunday's meeting. Speaking on 'Fox News Sunday,' he remarked: 'The question is, do they offer President Trump a good enough deal that is worth it for him to step off of the 30% tariffs that he set.' Trump has announced trade deals with several countries, including Japan, Indonesia, the Philippines, Vietnam and the United Kingdom. He's said letters had been sent out earlier this month to dozens of countries with tariff rates. 'We'll have a straight, simple tariff of anywhere between 15 percent and 50 percent," Trump said this week. "We have 50 [percent] because we haven't been getting along with those countries too well." Economic experts have warned that consumers could pay the price for the new levies. "Now that the Trump administration is concluding deals that would see the tariff rate facing most trading partners settling at between 15% and 20%, with even higher rates levied on Chinese imports, we suspect retailers will be forced to finally raise the prices paid by consumers,' Paul Ashworth, chief North America economist with Capital Economics, said in a research note, CBS News reported. Some companies have preemptively taken action. Trump has threatened a 50 percent tariff on Brazil. The steep levy threats against the country have prompted a New Jersey-based orange juice manufacturer to sue the Trump administration, arguing that the 50 percent tariff could result in a $70 million hit to its business. Sign in to access your portfolio