Latest in Business
Reuters
23 minutes ago
- Business
- Reuters
VIEW Wall Street hits record highs after turbulent months
June 27 (Reuters) - The S&P 500 and Nasdaq Composite reached all-time highs at the opening bell on Friday, bouncing back from a turbulent period sparked by U.S. President Donald Trump's trade policies based on tariffs. The U.S. benchmark stock index (.SPX), opens new tab rose 0.68% to 6,182.7 points, surpassing the previous peak of 6,147.43 reached on February 19, while the Nasdaq (.IXIC), opens new tab went up 0.54%, to 20,274.8, also above its December 16 high of 20,204.58. The indexes' records show a shift in investors' sentiment, amid hopes of interest rate cuts, a U.S.-brokered ceasefire between Israel and Iran, tamed prices and trade deals. Days after Trump's tariffs announcement on April 2, during the so-called "Liberation Day," the Nasdaq tumbled 26.7% from its previous peak, entering a bear market. COMMENTS: JAMES ST. AUBIN, CHIEF INVESTMENT OFFICER, OCEAN PARK ASSET MANAGEMENT, SANTA MONICA, CALIFORNIA: "It's a continuation of this monster rally since early April. It's been quite an improbable comeback, and it continues, assuming that the tariff controversy is no longer a major issue in the psyche of the market." "We're starting to see earnings estimates for the next 12 months on the rise again after taking a little bit of a dip and that's what the market is buying into." "The market assumption is that tariffs will be a very manageable issue.' MARK MALEK, CHIEF INVESTMENT OFFICER, SIEBERT FINANCIAL, NEW YORK: "What we're really witnessing this week is sort of the removal of some of the stumbling blocks that have been placed in the middle of the road. We've had all this trade issues that are still up in the air and we had the big overhang of what was going on in the Middle East." PETER TUZ, PRESIDENT, CHASE INVESTMENT COUNSEL, CHARLOTTESVILLE, VIRGINIA: "Given the uncertainties in the world at the moment, I am surprised. However, one can make the case that the uncertainties are diminishing as the year progresses and that has made people more optimistic about the future." "For a long while this year, we were worried about tariffs. Due to the various negotiations, they don't seem to be as much of a worry as they were a few months ago." "Instead of the Middle East becoming a bigger problem as the bombings occurred, people are coming to think that this is a problem that's off the table now. Inflation under control, doesn't seem like the tariffs have pushed anything up yet. The economy is OK. Seems like there is plenty of money out there to buy things. So why not make an all-time high?" ART HOGAN, CHIEF MARKET STRATEGIST, B RILEY WEALTH, BOSTON: "The driver for that momentum clearly is the dissipation of concerns over the magnitude of tariffs. That was the biggest concern in the early April time frame and I think that headwind seems to be dissipating a bit." "The other piece of the puzzle clearly is getting in and out of that geopolitical shock in a short period of time with a fragile ceasefire that we have now with Israel and Iran has been another positive." "The third thing I think it's that there are several members of the Federal Open Market Committee that are leaning into cutting rates in July versus September." ROBERT PAVLIK, SENIOR PORTFOLIO MANAGER, DAKOTA WEALTH, FAIRFIELD, CONNECTICUT: "Investors have regained confidence and have reassessed the situation with regards to tariffs and to how the president is handling the trade issue and that may be the concerns of tariffs leading to massive inflation and to a collapse of the economy won't come to fruition." "Because of those realizations, investors have regained the confidence to step back into the market and bring back stocks to levels that we were at prior to all this trade (uncertainties)." CAROL SCHLEIF, CHIEF MARKET STRATEGIST, BMO PRIVATE WEALTH, MINNEAPOLIS: "The bottom line (of the indexes' record highs) is: business doesn't need 100% certainty. They just need directional clarity and they're starting to get it. Underlying economics have been solid and, while consumers bear close watching, we suspect the narrative shift and business-friendly aspects of the "One Big Beautiful Bill" plus reduced regulation and amenable capital markets can revive at least some sidelined projects."
CNN
23 minutes ago
- Business
- CNN
Amazon's 4th of July sale just went live with deals on grills, coolers, mowers and more
The 4th of July is just a week away. Amazon is heading into the weekend by launching its annual Independence Day sale with enticing offers on everything you need ahead of the summer holiday. Grills, coolers, electric lawn mowers and cooling fans are some of the highlights, but you'll also find thousands of other offers on the latest tech, clothing and home essentials. I've been covering these holiday weekend deals for nearly a decade, so I have the experience to know which early discounts are worth shopping ahead of time and which are worth passing on. Below, you'll find 21 of the best (and my favorite) summer deals from Amazon. Save on gas or pellet grills, smokers and moreWeber Genesis E-335 Natural Gas Grill Not only is this capable Weber grill down to its best price of the year at $300 off, it'll also deliver before the 4th of July. That means you can put its three burners, extra-large sear zone and dedicated side burner to use grilling up burgers and dogs come next weekend. Traeger Grills Pro 34 Electric Wood Pellet Grill and Smoker This bestselling pellet grill offers extra smoky flavor for ribs, briskets and other savory meats. Amazon is taking 32% off the going rate, dropping it to the best price ever from the retailer. Today's offer is a few dollars less than the Memorial Day price cut from spring and comes within $25 of the all-time low from last July. That's right! This is the best price in nearly a year. Coleman Roadtrip 225 Portable Propane Grill Gas Grill This compact grill can stow away when not in use but unfolds to offer enough grilling space to tackle holiday weekend picnics and summer barbeques. Plus, I love that its portable design can even tag along this fall for tailgates. Save 25% on your choice of two colors. Weber Genesis Smart SX-335 LP SS Grill Another Weber grill that will arrive at your front door before July 4th, this smart version offers real-time temperature alerts and grilling reminders, so you can spend more time chatting with guests and less time hovering over the grill. Take $350 off with this rare Amazon discount. Traeger Grills Ironwood 885 Electric Wood Pellet Grill and Smoker If you're searching for one of the best pellet grills money can buy, Traeger's Ironwood 885 currently holds the title of our favorite entry in the category. In our testing, we found that it's perfect for those who treat cooking like a science thanks to this pellet grill's customizable temperature settings through the companion app. Read our review Save on tower fans, portable cooling systems and moreGovee Life 42-Inch Smart Tower Fan Save an extra 20% on this Govee Life smart tower fan by clipping the on-page coupon or using the code 8K2H32NT at checkout. It pairs with your smartphone to set schedules, or use the companion app to remotely turn on the fan from different rooms. Today's offer is an extra $20 below the previous offer I spotted. FrSara Neck Fan If you're searching for some personal cooling, this portable neck fan is a former best-tested pick and a favorite of CNN Underscored's associate editor Elena Matarazzo. It's now dropping under $30 to match the best price of the year. Lasko Portable Utility Fan For those really hot days, all you care about is how much cool air is being blasted in your direction, not how your fan actually looks. This Lasko model leans into the sentiment with a more purpose-built design that delivers up to 289 CFM through three speed settings. Amazon has this one for 21% off thanks to a rare summer discount. Amacool Stroller Fan The Amacool Stroller Fan can wrap around, bend and attach to almost anything, features that earned it a spot as our pick for the best portable fan for families. Clipping the on-page coupon or applying the promo code VFAMJEOQ09L7 at checkout means you can save even more on its three strong speed levels, taking up to 33% off in our review Dyson Purifier Cool PC1 Air Purifier and Fan Make the switch to a more elegant bladeless fan this summer er by saving $100 on Dyson's dual-purpose model. On top of cooling you down, this one features a fully sealed HEPA filter system to help cleanse air around you. Save on lawn mowers, string trimmers and moreEgo Power+ Electric Lawn Mower LM2135SP I've been monitoring electric lawn mower deals all year, and this is easily the best one. At 43% off the usual price tag, this bundle includes our pick for the best electric lawn mower alongside two batteries for an extended runtime. It impressed our experts with its powerful self-propelling operation and is now an even better buy on our review Greenworks 40V 16-Inch Electric Lawn Mower and Blower Bundle If you don't mind ditching the self-propelled features of our best-tested pick, this cordless mower offers much of the same battery-powered design at an even more affordable price tag. Alongside the mower, you're also getting an electric leaf blower to help blast away cut grass and other clippings. Ego Power+ Cordless String Trimmer Kit ST1623T This all-time low offer first popped up over Memorial Day weekend, and now it's back! Amazon takes 31% off this cordless string trimmer and its bundled batteries that combine to offer over an hour's worth of trimming on a single charge. It's a great addition to the tool shed if you're already in the Ego ecosystem or if you're just looking for your first electric tool. Greenworks 80-Volt 21-Inch Electric Lawn Mower The lowest price of the year has arrived on this capable electric mower. It may ditch a self-propelled system, but it makes up for it with extra power for its 21-inch cutting deck to make quick work of cutting longer grass. Greenworks 40V Lawn Care Electric Combo Kit Supplement your electric lawn mower with this string trimmer and leaf blower kit from Greenworks while it's 27% off at Amazon. This two-tool bundle includes a swappable battery to finish off your lawn after each weekly mowing. Save on coolers from Yeti, Igloo, RTIC and moreYeti Tundra 35 Cooler in Wild Vine Red Store all the drinks you'll need for a summer picnic in the 35-liter capacity of our best-tested hard cooler. It comes in a punchy Wild Vine Red hue that covers Yeti's usual heavy-duty design. Our outdoors, sustainable living and pets editor, Kai Burkhardt, has had his Yeti Tundra for more than five years, using it on camping and road trips frequently. That seal of approval makes its $55 discount even better in my book. Read our review RTIC 20-Can Ultra-Tough Soft Cooler Tote this soft cooler to the beach to sip on chilled sodas all day long. It can hold 20 cans and is seeing a rare Amazon price cut before your first summer trip to the ocean. Igloo 52-Quart Trailmate Wheeled Cooler If you need a wheeled cooler to help with the heavy lifting of bringing ice and drinks to wherever that upcoming summer picnic is, this Igloo is for you. A rare $30 discount brings the 52-quart capacity down to its lowest price of the year, complete with a hardshell design that's built to last. Coleman 65-Quart Portable Wheeled Cooler Coleman's 65-quart cooler features a telescoping handle and wheels to make toting around this leak-resistant beverage holder even easier. It can keep ice for up to five days at a time, making it particularly handy for camping trips or those extra toasty summer days. Igloo 4-Quart Mini Playmate Cooler Igloo's signature Playmate cooler isn't going to be carrying a barbecue's worth of beverages, but it can hold enough ice to keep a few cans chilled this summer. Save 27% with this rare discount at Amazon. Pelican 30-Quart Elite Cooler This hardshell Pelican cooler comes in two patriotic color combos and delivers the durability and functionality you'd expect from a high-end cooler. It has a locking lid and 30-quart capacity to go alongside its over $50 price cut. CNN Underscored's deals experts are constantly shopping for the best discounts on the web. Outside of holiday weekends, we cover weekly guides to the steepest price cuts from specific retailers. These early 4th of July deals are worth a closer look now, considering many are at their lowest prices of the year, even beating previous discounts I've covered. I'm constantly tracking price cuts across multiple online storefronts to ensure the deals are as good as the retailers say. The rest of the deals team and I dive into the price history of each product while cross-referencing reviews and guides from other CNN Underscored editors to determine if it's worth your cash. Quite simply, our goal here at Underscored is to save you money. Our senior deals editor, Rikka Altland, has been doing just that for nearly a decade, and that kind of experience extends to the rest of our deals team. Being an advocate for buyers to ensure we recommend only the best prices on the best products is what we're all about, and that focus comes across in our work.
Yahoo
23 minutes ago
- Business
- Yahoo
Celtics rumors: Boston evaluating Jaylen Brown, Derrick White trade interest
The post Celtics rumors: Boston evaluating Jaylen Brown, Derrick White trade interest appeared first on ClutchPoints. The Boston Celtics only seem to be starting off with offseason moves after trading away both Kristaps Porzingis and Jrue Holiday. Up next might be Jaylen Brown and Derrick White, despite consistent suggestions that Boston has no intention of letting go of either. Advertisement The Celtics, aiming to reduce their luxury tax bill for next season, are now listening to offers for both Brown and White, according to Shams Charania on SportsCenter with Scott Van Pelt. 'It means that phone lines are ringing in Boston,' Charania said. 'My understanding is that the Celtics are getting offers called on both Jaylen Brown and Derrick White.' The Celtics' recent trades saved them around $200 million, with Clutchpoints' Brett Seigel previously revealing Boston intended to hit the reset button and retool the roster around Jaylen Brown and Tatum for the 2026-27 season. And while they may be listening to offers on both White and Brown, they still have a high price threshold on both players Advertisement 'The Celtics have a high price threshold for both of these players. They know how great Jaylen Brown and Derrick White are, so I am sure they are getting some massive offers, some pretty big-time calls as well,' Charania said, before revealing that the Celtics' preference still remains keeping both the stars. However, finances may be forcing their hand. 'This is a team that is still in the first apron, still a luxury tax team, still dealing with the uncertainty of Jayson Tatum's status next season,' Charania continued. The ESPN journalist expects the likes of Anfernee Simons and Sam Hauser to be more seriously considered for a trade. Considering they would have dished out $500 million across wages and luxury tax next season, keeping their championship-winning core together was always improbable. Previously, Charania had claimed that it would take an 'insurmountable package' to trade either Jaylen Brown or Derrick White. Advertisement Sources told ClutchPoints back in May that the Celtics had zero intention of moving either player this offseason, per Siegel. And while things may have slightly changed, Charania expressed doubt on whether any team would be willing to match Boston's price threshold. 'Will a team match that price threshold that the Celtics have set around the league for Jaylen Brown and Derrick White to be able to get them? They are listening, but will a team get there?' he said. Still, the fact that they are listening to offers means that the Celtics are determined to escape apron penalties. Whether that actually leads to bigger trade this offseason remains to be seen. Advertisement Related: NBA rumors: Jazz making 'aggressive' Jaylen Brown trade push Related: Jayson Tatum breaks silence on Celtics' Jrue Holiday, Kristaps Porzingis trades
Herald Sun
24 minutes ago
- Business
- Herald Sun
Best EOFY 2025 Deals in Australia: Huge Sales from Down Under
Don't miss out on the headlines from Lifestyle. Followed categories will be added to My News. The end of the financial year is fast approaching and that means one thing: great sales and deals. If there's purchases you've been holding off on, now's the time to buy, as some of Australia's favourite brands drop their prices in the EOFY sales. We've rounded up all of the best deals happening already, from Ergoflex's 30 per cent off deal on mattresses, to $600 off the Dyson Cyclone V10 Vacuum, now $699 down from $1299. Not to mention, the wild 90 per cent off sale event at Canningvale, where you can stock up on all your bedding and linen. Don't wait, grab these bargains while they're live. Please note: Prices are correct and products in stock at time of publishing. We'll do our best to keep this story updated, but be aware products move fast during sales events. These products are hand-picked by our team to help make shopping easier. We may receive payments from third parties for sharing this content and when you purchase through links in this article. Product prices and offer details are not assured, and should be confirmed independently with the retailer. Learn more. TOP EARLY EOFY DEALS Koala Up to 30 per cent off sitewide 30 per cent off the Luxe Mattress 25 per cent off the Koala Sofa Bed Nespresso 30 per cent off selected coffee machines Ergoflex Up to 30 per cent off with code 15YEARS Dyson $750 off the Dyson 360 Vis Nav robot vacuum, $1249 (down from $1999) $550 off the Dyson V8 Absolute vacuum, $449 (down from $999) $600 off the Dyson Cyclone V10 vacuum, $699 (down from $1299) $400 off the Dyson V11 Advanced vacuum, $799 (down from $1199) $405 off the Dyson V8 vacuum, $394 (down from $799) $225 off the Dyson V7 Advanced Origin, $374 (down from $599) $152 off the Dyson Airstrait straightener and dryer (Ceramic Pink), $597 (down from $749) $174 off the Dyson Airwrap multi-styler and dryer, $675 (down from $849) BodyBlendz Shop the sale up to 50 per cent off sitewide 20 per cent off the Firming Exfoliant Wash, $16 (down from $20) Get the Lash & Brow Oil for $32 Myer Shop the huge stocktake sale Up to 50 per cent off women's fashion Up to 40 per cent off men's fashion Up to 40 per cent off kids clothing Up to 25 per cent off toys Up to 40 per cent off beauty brands including Revlon, Clarins 50 per cent off cookware Myer have great EOFY deals on appliances right now. Image: Myer Michu 25 per cent off storewide with discount code EOFY25 Get the Michu XXL Stella Deluxe Cat Litter Box for $119 (down from $129) Buy the Iris Cat Tower Deluxe for $429 (down from $439) Roborock $400 off the Roborock Saros 10 Robot Vacuum with Dual Anti-tangle System Black, $2599 (down from $2999) $600 off the Roborock Qrevo C Vacuum Cleaner White, $1099 (down from $1699) $500 off the Roborock Qrevo Curv Robot Vacuum with Multifunctional Dock 3.0, $2299 (down from $2799) $600 off the Roborock Qrevo EdgeC Robot Vacuum with Multifunctional Dock 3.0, $1599 (down from $2199) $200 off the F25 Roborock Wet and Dry Vacuum Cleaner, $499 (down from $699) eBay Save up to 22 per cent off this EOFY, using the code 'JUNEOFY22' 20 per cent off HP sitewide 22 per cent off Cherry Collectables Samsung Shop the mega EOFY sale Save up to $2000 on selected OLED TVs 30 per cent off Galaxy Watches and Buds Up to $400 off Galaxy S25 Series The Good Guys $500 off DeLonghi Magnifica Fully Automatic Coffee Machine, $499 (down from $999) Shop the massive kitchen sale $500 off the TCL 75' C7K Premium QD Mini LED Google TV 2025, $2795 (down from $2995) $1300 off the LG 65' OLED EVO C5 AI UHD 4K Smart TV 2025, $2995 (down from $4295) $452 off the Samsung Galaxy S25 Ultra 256GB Titanium Black, $1697 (down from $2149) SmilePro Get 50 per cent off the Advanced Teeth Whitening Kit, $104.50 (down from $209) Shop the 50 per cent off sale 50 per cent off the Ultimate Teeth Whitening Kit, $149 (down from $298) Harvey Norman $710 off the HP 15-inch Ultra 5 125H/16GB/512GB SDD Laptop - Natural Silver, $988 $450 off the Samsung Galaxy S25 Ultra, starting from $1697 $150 off the Starlink Mini with Integrated Wi-Fi, $448 $190 off the HP 14-inch Celeron-N4500/4GB/128GB SSD/Card Reader Laptop - Jet Black, $358 $200 off the Ecovacs Deebot T50 Pro Omni Robotic Vacuum and Mop - Black, $1298 Emma Sleep Up to 55 per cent off the EOFY sale 55 per cent off the Emma Luxe Plus Mattress 50 per cent off the Emma Diamond Pillow 45 per cent off the Emma Comfort Plus Mattress Smilie Up to 60 per cent off sitewide in the EOFY sale $104 off the Smilie Boost Teeth Whitening Kit for $115 (down from $219) Amazon Australia 67 per cent off the L'Oréal Paris Revitalift Filler 1.5% Hyaluronic Acid Plumping Serum, $20 (down from $59.99) 50 per cent off the Neutrogena Hydro Boost Hyaluronic Acid Water Gel Hydrating Face Moisturiser, $18.99 (down from $38) 51 per cent off the Oral-B Pro 300 Mint Green Electric Toothbrush, $44 (down from $89.99) 40 per cent off the Bose QuietComfort SC Wireless Noise Cancelling Headphones, $298.99 (down from $499.95) Save on the Ninja Slushi this EOFY. Image: Amazon Australia 38 per cent off the Hush Puppies Men's Chelsea Boot, $111.96 (down from $179.95) 38 per cent off the Hugo Boss Boss Bottled Eau De Toilette, $89.99 (down from $146) 36 per cent off the Philips Viva Collection All-in-One Multicooker, $190 (down from $299) 30 per cent off the ECOVACS DEEBOT N20 PRO Plus Vacuum Robot with Mopping Function, $695 (down from $999) 11 per cent off the Apple AirTag 4 Pack, $146 (down from $165) 20 per cent off the Ninja Slushi Professional Frozen Drink Maker, $479 (down from $599.99) The Iconic Up to 30 per cent off the winter capsule Up to 60 per cent off the end of season sale The Iconic have discounts on shoes and apparel right now. Image: The Iconic Vamos Bikes Save up to $800 on e-bikes $800 off the Amigo 2025 All Purpose Compact Cargo E-Bike, $3,545 (down from $4,345) $500 off the Rapido 2025 Daily Commuter E-Bike, $$2,795 (down from $3,295) $500 off the El Diablo 2025 High Performance E-Bike, $3,295 (down from $3,795) De'Longhi Up to 30 per cent off selected coffee machines Get 10 per cent off at cart with the code NEWS10 Bae The Label Get up to 40 per cent off maternity fashion Winnings Shop the mega EOFY sale 20 per cent off top bathroom brands 10 per cent off selected Miele appliances Score some bargains on linen at Sheridan this EOFY. Image: Sheridan Adore Beauty Up to 50 per cent off clearance beauty 30 per cent off the Laneige Lip Glowy Balm Mango 10g 25 per cent off the Estée Lauder Advanced Night Repair Synchronized Multi-Recovery Complex 15ml 25 per cent off the tbh Skincare rebound skin milk activated cica toner TOP EARLY EOFY TECH DEALS Lenovo Up to 43 per cent off in the EOFY sale HP Up to 50 per cent off select HP laptops plus an extra 10 per cent off with code EOFY TOP EARLY EOFY HOME DEALS Sheridan 40 per cent off Sheridan, plus an extra 10 per cent off Sheridan Outlet 60 per cent off sale, plus an extra 10 per cent off Bonny $50 off every doona Temple & Webster Up to 50 per cent off the EOFY sale Temple & Webster have a huge 50 per cent off sale right now. Image: Temple & Webster Bed Bath N' Table Up to 60 per cent off the clearance sale James Lane Up to 50 per cent off everything Origin Mattress Up to 45 per cent off sale Canningvale Up to 90 per cent off sitewide KitchenAid Shop up to 30 per cent off the mid-season sale event KitchenAid have major EOFY deals on right now. Image: KitchenAid TOP EARLY EOFY TRAVEL DEALS Escape Deals Get 5 per cent off your first purchase, using the code 'ILOVEESCAPE' Up to 48 per cent off – An Exclusive Five-Star Stay at Double-Six Luxury Hotel 2 kids stay and eat free – A Vibrant Family Island Escape at Kandima Maldives Escape Deals have some bargains to snap up for a 2025 getaway. Image: Escape Deals American Tourister Up to 50 per cent off the mid year sale July $200 off luggage sets Samsonite Spend and save up to 40 per cent off Strand Up to 50 per cent off sale TOP EARLY EOFY FASHION DEALS Calvin Klein 30 per cent off sitewide Target Australia Up to 30 per cent off selected clothing Lorna Jane Up to 40 per cent off selected styles Adidas Shop the end of season sale Cotton On Up to 50 per cent off sale, plus get an extra 20 per cent off Stock up on your winter wardrobe with EOFY deals at Cotton On. Image: Cotton On. Tommy Hilfiger Up to 50 per cent off sitewide, plus an extra 10 per cent off for VIPs Meshki 30 to 60 per cent off sale Country Road Take an extra 30 per cent off reduced styles ASOS Up to 60 per cent off thousands of styles TOP EARLY EOFY BEAUTY DEALS Ezmio Beauty 20 per cent off sitewide Every order goes in the running to win a $1000 holiday gift card Priceline Up to 50 per cent off selected skincare Up to 50 per cent off selected haircare MCoBeauty Shop everything under $20 MAC Cosmetics Up to 40 per cent off sale Get your beauty essentials for even less with McoBeauty's EOFY sale. Image: McoBeauty Sephora Up to 50 per cent off sale, and an extra 10 per cent off selected items Naked Sundays Up to 50 per cent off EOFY bundles Boost Lab Spend and save up to 35 per cent off Lash Therapy Up to 50 per cent off Paula's Choice Up to 40 per cent off sale LELO Up to 50 per cent off sale iHerb Up to 20 per cent off best selling brands Lovehoney Up to 70 per cent off selected sex toys Shaver Shop Up to 75 per cent off sale Laser Clinics Australia Up to 60 per cent off selected laser hair removal WHAT IS THE END OF FINANCIAL YEAR? In Australia, the financial year ends on June 30 and begins again on July 1. The month of June is usually a time for retailers to discount their stock, ready for a clear out and restock in July. WHEN ARE THE END OF FINANCIAL YEAR SALES? The end of financial year (EOFY) sales usually occur during June, but can start as early as May for some retailers, and will often continue right up until June 30, or while stock lasts. Keep this page bookmarked and we'll let you know what deals are happening, and when! Originally published as Best EOFY 2025 Deals in Australia: Huge Sales from Down Under
Yahoo
24 minutes ago
- Business
- Yahoo
Lakers rumors: How new owner will be ‘valuable resource' for LeBron James
The post Lakers rumors: How new owner will be 'valuable resource' for LeBron James appeared first on ClutchPoints. The Los Angeles Lakers officially changed hands on Wednesday, with the Buss family selling its majority stake in the franchise to billionaire investor Mark Walter in a record-breaking $10 billion deal. The transition not only marks a new era for the historic franchise but may also have long-term implications for LeBron James as he looks toward his post-playing career. Advertisement According to a report from ESPN's Tim Bontemps and Dave McMenamin, Walter could serve as a 'valuable resource' for James, who has publicly expressed his ambition to own an NBA team once his playing days are over. 'While James' decision is still pending, a source close to James suggested that Walter could be a valuable resource for James as he pursues his post-playing career goal of one day owning an NBA franchise, too,' the ESPN report noted. Walter, who also owns Major League Baseball's Los Angeles Dodgers, is no stranger to success in professional sports. Since acquiring the Dodgers in 2012, Walter has helped turn the franchise into one of baseball's most consistently dominant clubs, culminating in a World Series title last October. His business acumen and leadership within high-profile sports franchises make him a notable figure in league circles—one whose mentorship could prove instrumental to James' off-court aspirations. Walter's arrival aligns with Lakers' key offseason and LeBron's future James, 40, completed his 22nd NBA season this spring and holds a $52.6 million player option for the 2025–26 season. While he has yet to announce whether he will return for a 23rd year, his interest in franchise ownership has been clear for some time. In past interviews, he has stated his desire to own a future NBA team — most notably in Las Vegas should the league pursue expansion. Advertisement Walter's takeover of the Lakers arrives at a key moment for the organization. The team was eliminated in the first round of the 2025 NBA Playoffs and is entering an offseason of uncertainty and potential retooling. The midseason acquisition of Luka Doncic in a blockbuster trade with the Mavericks reshaped the franchise's core, and the Lakers are expected to be aggressive in the summer market to build a championship-caliber roster around Doncic and, potentially, James. The ownership change also signals a shift in leadership philosophy, with Walter bringing a track record of modernized operations and financial investment that could align with James' own ambitions. As James eyes life beyond the court, forming a relationship with one of the most influential owners in American sports could be a strategic step toward his long-term goals. With the sale finalized and the offseason underway, all eyes now turn to James' pending decision and how Walter's presence could influence both the short-term direction of the Lakers and the next chapter of James' legacy. Related: Colin Cowherd hits Luka Doncic with warning after Lakers sale Related: Lakers rumors: Nick Wright predicts Austin Reaves' trade value after Desmond Bane deal
