Vegas Golden Knights acquire Mitch Marner, will sign top NHL free agent

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  • Vegas Golden Knights acquire Mitch Marner, will sign top NHL free agent</p>

<p>Mike Brehm, USA TODAY June 30, 2025 at 7:01 PM</p>

<p>Mitch Marner, the NHL's top 2025 unrestricted free agent, is off the list after being traded to the Vegas Golden Knights and agreeing to an eight-year, $96 million contract a day before free agency opens, according to multiple reports.</p>

<p>The Toronto Maple Leafs will receive center Nicolas Roy in the June 30 trade, giving them a return for a player they could have lost for nothing.</p>

<p>Last year, the Carolina Hurricanes received only a third-round pick for Jake Guentzel when they traded his rights to the Tampa Bay Lightning before free agency opened.</p>

<p>Marner had 102 points this past season, fifth best in the league and eight more than Jack Eichel, the Golden Knights' leading scorer in 2024-25. At a $12 million average, Marner will be the Golden Knights' top-paid player, though Eichel ($10 million cap hit) is in the final year of his contract and is eligible to sign an extension.</p>

<p>The Golden Knights had to move players to make the money work. Roy ($3 million) had 31 points for Vegas and has two years left on his deal.</p>

<p>The team also traded defenseman Nicolas Hague to the Predators for forward Colton Sissons (Nashville retained half his salary) and defenseman Jeremy Lauzon. Hague signed a four-year, $22 million contact with Nashville.</p>

<p>Marner ranks fifth in Maple Leafs history with 741 points in the regular season.</p>

<p>The Maple Leafs also received forward Matias Maccelli in a trade with the Utah Mammoth on June 30.</p>

<p>Alex Pietrangelo injury update</p>

<p>Though the Golden Knights are adding Marner, they will be without defenseman Alex Pietrangelo, one of the top acquisitions in franchise history. Pietrangelo and general manager Kelly McCrimmon put out statements on the defenseman's health.</p>

<p>Said Pietrangelo: "The past few years have been very challenging on my physical well-being, and I am in a difficult position with my overall playing health. After exploring options with doctors as well as my family, it's been advised to remove the intensity of hockey to see if my body can improve so that I can return to a normal quality of life. This decision has been difficult to come to terms with after the last 17 years of competition and the camaraderie with my teammates and coaches. The likelihood is low that my body will recover to the standard required to play, but I know this is the right decision for me and my family."</p>

<p>Said McCrimmon: "Alex has our organization's full support in prioritizing his long-term health and quality of life. Alex is dealing with hips that would require bilateral femur reconstruction, with no guarantee of success. Throughout the season, the steps that Alex needed to take to be able to play and practice began to grow and take a significant toll on his body. Our hope in February during the NHL's break for the 4 Nations Face-Off was to give Alex treatment and rest to help provide relief, but instead, what we found were diminished positive results and a process that is no longer sustainable moving forward.</p>

<p>"Alex has given everything to the game and to the Golden Knights and has played through significant challenges in the pursuit of trying to win another Stanley Cup in Vegas. He is one of the most respected players in the league, not only for his elite talent but for his character, leadership, competitiveness, and professionalism. Today's decision is a difficult one for both Alex and the Golden Knights, but it is being made for the right reasons – so that Alex can be the family man we all know him to be."</p>

<p>This article originally appeared on USA TODAY: Mitch Marner trade details, contract with Golden Knights</p>

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Vegas Golden Knights acquire Mitch Marner, will sign top NHL free agent

<p>- Vegas Golden Knights acquire Mitch Marner, will sign top NHL free agent</p> <p>Mike Brehm, USA ...

China's largest coffee chain known for cashier-less stores opens US locations

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  • China's largest coffee chain known for cashier-less stores opens US locations</p>

<p>Anthony Robledo, USA TODAY June 30, 2025 at 9:25 PM</p>

<p>New Yorkers have new morning drink menu to look through when they're not feeling like Starbucks.</p>

<p>Luckin Coffee, the largest coffee chain in China, has branched into the U.S. with two New York City locations that opened Monday, June 30.</p>

<p>In China, the coffee giant touts its mobile app that has created a 100% cashier-less environment at its over 20,000 locations. The New York City stores are both located in Manhattan.</p>

<p>However, New York City has leally prohibited cashless businesses since late 2020. Other major cities, including San Francisco and Philadelphia, have similar laws. USA TODAY has reached out to Luckin Coffee for comment on possible future U.S. locations.</p>

<p>The Xiamen, China-based chain wants new U.S. customers to know about its high affordability and efficiency that comes through its mobile app that is "completely changing the traditional coffee business mode," according to its website.</p>

<p>To celebrate its New York debut, customers who use the app can get their first drink for $1.99. Luckin Coffee is also offering free tote bags for its first 100 in-store guests.</p>

<p>What is Luckin Coffee?</p>

<p>Founded in 2017, Luckin Coffee is the fastest-growing coffee chain in China with over 22,000 locations and as well as dozens in Singapore.</p>

<p>Customers wait for their orders at a Luckin Coffee shop in Beijing on Sept. 4, 2023.</p>

<p>It's arguably best known for its mobile app that has created a cashier-less experience that has allowed the chain to grow rapidly in China.</p>

<p>The company's investor page states that its mission is "to create lucky moments and inspire" while its vision is to "build a world-class coffee brand and become a part of everyone's daily life."</p>

<p>"We advocate a more convenient and rapid 'new retail' experience," Luckin's website reads.</p>

<p>What's in Luckin Coffee's menu?</p>

<p>Luckin Coffee's menu features various hot coffees, cold brews and matcha drinks, as well as its fruity Americano refreshers.</p>

<p>Some items includes Caffe Mocha, Caramel Macchiato, Apple Fizzy Americano, Pomelo Americano and the Yirgacheffe Flat White.</p>

<p>To the see the entire Luckin Coffee menu, click here.</p>

<p>This article originally appeared on USA TODAY: Chinese chain Luckin Coffee opens 2 New York City stores</p>

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Musk's xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says

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  • Musk's xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says</p>

<p>June 30, 2025 at 8:45 PM</p>

<p>(Reuters) -Elon Musk's xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry.</p>

<p>The $5 billion raised in debt consists of financing of secured notes and term loans, Morgan Stanley in a statement posted on social media platform X. The deal was oversubscribed and included prominent global debt investors, it added.</p>

<p>Reuters earlier reported that xAI was on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand. In a separate report, Bloomberg News said that xAI was in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans.</p>

<p>XAI did not immediately respond to a Reuters request for comment outside regular business hours.</p>

<p>The proceeds will support xAI's continued development of AI solutions, a data center and its flagship Grok platform, the bank said.</p>

<p>Apart from selling debt, xAI has also been in talks to raise about $20 billion in equity, which would value the company at more than $120 billion, with some investors placing valuations as high as $200 billion.</p>

<p>(Reporting by Ananya Palyekar and Gursimran Kaur in Bengaluru; Editing by Alan Barona)</p>

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Musk's xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says

<p>- Musk's xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says</p> <p>June...

Reds phenom Chase Burns can't get out of 1st inning in 2nd start after memorable MLB debut

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  • Reds phenom Chase Burns can't get out of 1st inning in 2nd start after memorable MLB debut</p>

<p>KEN POWTAK June 30, 2025 at 8:28 PM</p>

<p>1 / 2Reds Red Sox BaseballCincinnati Reds pitcher Chase Burns heads to the dugout after being pulled during the first inning of a baseball game against the Boston Red Sox at Fenway Park, Monday, June 30, 2025, in Boston. (AP Photo/Charles Krupa)</p>

<p>BOSTON (AP) — Cincinnati Reds phenom Chase Burns went from a memorable major league debut to a miserable second start against the Boston Red Sox on Monday night.</p>

<p>After becoming the first starting pitcher in the expansion era to strike out the first five big league hitters he faced Tuesday against the New York Yankees, the 22-year-old righty was tagged for seven runs, five earned, and got only one out as the Red Sox beat the Reds 13-6.</p>

<p>Trevor Story hit a three-run homer in the first inning as Boston collected five hits and had two walks against the righty.</p>

<p>"I hope it doesn't get in the way of his next start," Reds manager Terry Francona said. "That's tough. Tough on him, tough on us. A lot of people were putting their arm around him. He's a good kid. It'll be real interesting to see his next start."</p>

<p>Burns, selected second overall by the Reds in July's amateur draft, walked the leadoff batter, Jarren Duran, on a 99.9 mph fastball.</p>

<p>"Just trying to flush it and go back to the drawing board, see what works and what didn't work and go from there," Burns said.</p>

<p>Francona was asked if he may have been tipping his pitches.</p>

<p>"That's something that you always probably need to check," he said. "He threw some pitches that caught a lot of the plate and they were definitely looking (fastball) and those are always things we try to check for."</p>

<p>Francona went on to say that one of his former players — Red Sox manager Alex Cora — is good at picking things up.</p>

<p>"Cora is one of the best at that,'' he said. "They were certainly ready, they were coming out hacking and they were squaring it up pretty good."</p>

<p>Burns didn't know if that could have been part of his problem despite throwing a fastball near 100 mph with a hard slider in the upper 80s.</p>

<p>"I don't know. They put a lot of good swings on a lot of good pitches, a lot of mistakes out there," he said. "Couldn't really tell you."</p>

<p>His defense also let him down when Roman Anthony hit a grounder that second baseman Matt McLain threw into short left field, attempting to get a force.</p>

<p>Abraham Toro lined a single to left for the first run and Carlos Narváez followed by hitting the next pitch for an RBI double off the Green Monster. After a ground out, Story belted a 1-1 slider into the center-field bleachers, making it 5-0.</p>

<p>Story took some extra BP on the field about 3 ½ hours before the game, hitting fastballs. It may have been part of Boston's plan.</p>

<p>"He's got electric stuff," he said. "I think we as an offense, we had a really good plan, and we were very convicted. We practiced the execution all day, and the execution really came out today during the game."</p>

<p>David Hamilton added an RBI single and Francona lifted Burns after his second walk.</p>

<p>Anthony added an RBI single against Brent Suter, completing Burns' pitching line.</p>

<p>___</p>

<p>AP MLB: https://ift.tt/HkEWoPw>

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US stock futures lower after stellar second quarter

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  • US stock futures lower after stellar second quarter</p>

<p>Medora Lee, USA TODAY July 1, 2025 at 5:05 AM</p>

<p>U.S. stock futures are lower after posting a stellar second quarter that saw the broad S&P 500 and tech-laden Nasdaq record highs during each of the last two days of the month.</p>

<p>The rally, which ended up pushing stocks to their best quarter in more than a year, was fueled by optimism for more trade deals after recent progress with China and Canada and the passage of the One Big Beautiful Bill.</p>

<p>At 6 a.m., futures linked to the blue-chip Dow slipped -0.12%, while S&P 500 futures dropped -0.26% and Nasdaq futures fell -0.35%.</p>

<p>After the market opens, investors will get a glimpse of how the job market is faring. The Job Openings and Labor Turnover Survey (JOLTS) is due at 9 AM ET. The report tracks job openings, hires and separations including quits, and layoffs.</p>

<p>Television graphics are seen in the window of Nasdaq headquarters in Times Square, as Nasdaq fell nearly 4 percent this morning on January 27, 2025 in New York City. European and Asian stock markets mostly slid Monday and Wall Street was forecast to open sharply lower on talk that a cheaper Chinese generative AI program, DeepSeek, can outperform big-name rivals, notably in the United States. (Photo by Bryan R. SMITH / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images)Corporate news -</p>

<p>Progress Software's second-quarter sales missed analysts' forecasts but the company's earnings per share topped.</p>

<p>AeroVironment plans to sell $750 million in common stock, as well as $600 million in convertible senior notes due 2030, to repay indebtedness.</p>

<p>Circle Internet Group submitted a bank charter application to the Office of the Comptroller of the Currency, according to Reuters.</p>

<p>Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.</p>

<p>This article originally appeared on USA TODAY: US stock futures lower after stellar second quarter</p>

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US stock futures lower after stellar second quarter

<p>- US stock futures lower after stellar second quarter</p> <p>Medora Lee, USA TODAY July 1, 2025 a...

 

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