Producers of metals and other raw materials fell amid fears that a multibillion-dollar steel merger was in jeopardy. Shares of U.S. Steel plummeted by more than 7% after President-elect Donald Trump indicated on his social network Truth Social that he would block the storied Pittsburgh steelmaker's buyout from Japanese rival Nippon Steel. Nippon has agreed to acquire U.S. Steel through a $14.9 billion takeover deal that would see it pay $55 per share and take responsibility for another $800 million worth of debts owed by the American company. Closely held farm-products firm Cargill said it was laying off 5% of its global work force, or roughly 8,000 workers, as the agricultural giant deals with tepid crop prices and pressure on the beef industry. Cargill, which processes crops and meat and trades commodities, has more than 160,000 employees in 70 countries, according to its Web site. Write to Rob Curran at rob.curran@dowjones.comHow to reset your Instagram algorithm so itâs not as terrible
School district defends decision to punish parents for wearing pink 'XX' wristbandsElectrifying Kashmir: Lessons from Riverless RegionsDavid Bonderman, who managed money for one of the richest families in Texas, helped create one of the giants of the private-equity business and pushed to bring professional hockey to Seattle , died Wednesday. He was 82. Bonderman's death was announced by TPG, the asset-management firm he co-founded, his Wildcat Capital Management investment company, the Seattle Kraken hockey team, and his family. They said he was surrounded by his family, but did not say where he died. A spokesperson for the Kraken said they would not disclose the cause of death. For much of his career, Bonderman kept a low profile in public, rarely granting interviews with news organizations. He concentrated on corporate takeovers and other investments, many of which were highly profitable. Forbes magazine estimated his wealth at $6.4 billion in April. "Rarely the loudest person in the room, but often the smartest, David remained humble, once saying that his personal strength was âNot knowing a lot about something but knowing enough to make a decent decision,ââ his family and companies said in a statement. Kraken CEO Tod Leiweke said Bonderman played a role in creating the team's logo and brand. âDavid was a visionary; unafraid to take on challenges and make bold decisions. He was smart, witty, curious, and humble,â Leiweke said. As an investor, Bonderman had a contrarian streak, and he was not afraid of offending others, even those in the White House. Over the Obama administration's objections, he attended Russian President Vladimir Putin's annual economic forums in 2014 and 2015 â after Russia annexed Crimea from Ukraine and was slapped with U.S. sanctions. Bonderman also was known for throwing lavish birthday parties. The Rolling Stones played at his 60th birthday bash, and former Beatle Paul McCartney headlined his 70th birthday soiree. Both events were in Las Vegas. Born in Los Angeles on Nov. 27, 1942, Bonderman attended the University of Washington and Harvard Law School, from which he graduated in 1966. After a stint teaching law at Tulane University, he joined the U.S. Justice Department in the late 1960s, then in 1971 became a partner and expert in corporate and securities law at Arnold & Porter, a high-powered Washington, D.C., law firm. In 1983, he went to work for the Robert M. Bass Group investment company in Fort Worth, Texas. With money from the Bass family , which traced its wealth to the exploits of Texas oil wildcatter Sid Richardson, Bonderman and partner Jim Coulter made several leveraged buyouts in the 1980s, including a hugely profitable investment in Continental Airlines. Bonderman, Coulter and Bill Price started Texas Pacific Group in 1992. According to its website, the private-equity firm now known as TPG manages $239 billion in assets and has invested in industries that include health care, technology and business services. The firm was a major early investor in short-term rental site Airbnb and music-streaming service Spotify. Bonderman served on several corporate and philanthropic boards. In 2017, he resigned from the Uber board hours after making an insensitive comment during a meeting on sexism at the ride-hailing company. When fellow director Arianna Huffington said data showed that having one woman on the board made it more likely a second would be added, Bonderman interjected, âActually, what it shows is that itâs much more likely to be more talking.â He later apologized. In politics, Bonderman was a longtime backer of former Texas governor and Republican President George W. Bush but flipped to support Bush's challenger, Democrat John Kerry, in the 2004 election. He famously told The Wall Street Journal that Bush was âa really good guyâ but had divided the country. âHeâs turning out to be the worst president since Millard Fillmore â and thatâs probably an insult to Millard Fillmore,â Bonderman said. With his wealth from TPG, Bonderman purchased a minority stake in the Boston Celtics and was a member of the group holding a majority interest in the Seattle Kraken , an expansion team in the National Hockey League. Survivors include five children and three grandchildren.WASHINGTON â Former Rep. Matt Gaetz said Friday that he will not be returning to Congress after withdrawing his name from consideration to be attorney general under President-elect Donald Trump amid growing allegations of sexual misconduct. âIâm still going to be in the fight, but itâs going to be from a new perch. I do not intend to join the 119th Congress,â Gaetz told conservative commentator Charlie Kirk, adding that he has âsome other goals in life that Iâm eager to pursue with my wife and my family.â The announcement comes a day after Gaetz, a Florida Republican, stepped aside from the Cabinet nomination process amid growing fallout from federal and House Ethics investigations that cast doubt on his ability to be confirmed as the nationâs chief federal law enforcement officer. The 42-year-old has vehemently denied the allegations against him. Gaetzâs nomination as attorney general had stunned many career lawyers inside the Justice Department, but reflected Trumpâs desire to place a loyalist in a department he has marked for retribution following the criminal cases against him. Hours after Gaetz withdrew, Trump nominated Pam Bondi, the former Florida attorney general, who would come to the job with years of legal work under her belt and that other trait Trump prizes above all: loyalty. Itâs unclear whatâs next for Gaetz, who is no longer a member of the House. He surprised colleagues by resigning from Congress the same day that Trump nominated him for attorney general. Some speculated he could still be sworn into office for another two-year term on Jan. 3, given that he had just won reelection earlier this month. But Gaetz, who has been in state and national politics for 14 years, said heâs done with Congress. âI think that eight years is probably enough time in the United States Congress,â he said.
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Schwarzenegger wore 'McFelon' T-shirt mocking Trump? No, image is altered | Fact checkISLAMABAD, (UrduPoint / Pakistan Point News - 30th Nov, 2024) The âs Parliamentary Caucus (WPC) will host a two-day workshop to promote âs rights and foster an inclusive political environment, in collaboration with the ( ). The âs Parliamentary Caucus (WPC) of âs 16th , under the leadership of Secretary WPC Dr. Shahida Rehmani, will host the âThought Leadership Workshopâ on ( 1st) and the âDigital Workshopâ on Monday ( 2nd). These workshops are a key component of the 16 Days of Activism Against Gender-Based Violence, a global call to action for the protection and empowerment of . They will focus on addressing critical issues such as ending gender-based violence, ensuring âs physical, social, legal, and online safety, and combating forms of harassment. The workshops are designed to facilitate a powerful dialogue and equip participants with the skills, knowledge & tools needed for identifying, sensitising and tackling women-related issues through informed legislation and promoting and upholding digital . Secretary of the 's Parliamentary Caucus and a Member of the , Dr. Shahida Rehmani will deliver keynote addresses, outlining the core objectives of the workshops. She will emphasize the importance of empowering Members of the to ensure robust participation in 's General Elections. Additionally, Dr. Shahida Rehmani will underscore the need for ethical parliamentary practices, enhanced digital literacy to counter technology-facilitated gender-based violence, and crucially, the development of skills in managing and narratives to tackle the growing menace of misinformation, fake , and propaganda. In addition, a panel of esteemed speakers, including renowned journalists, veteran personalities, experts, and key societal figures, will engage in thought-provoking discussions and interactive sessions to provide valuable insights on these pressing issues. This collaborative effort is a significant step forward in empowering , particularly within the political sphere, to create a safer, more equitable society for .
WASHINGTON â Linda McMahon once claimed an unearned education degree from East Carolina University. Now she is nominated to lead President-elect Donald Trumpâs Department of Education. Trump announced Tuesday that McMahon, best known as a founder of World Wrestling Entertainment, is nominated to be the next education secretary. She is his first nominee to have served in his previous administration. âIt is my great honor to announce that Linda McMahon, former Administrator of the Small Business Administration, will be the United States Secretary of Education,â Trump wrote in a news release. McMahon now must wait for the Senate to confirm her nomination. North Carolina roots McMahon grew up in New Bern. Her parents worked 30 minutes away at Marine Corps Air Station Cherry Point, and she attended the nearby Havelock High School. It was during high school that she met her now-estranged husband and business partner, Vince McMahon. Together they attended East Carolina University where, in 1969, she earned a degree in French. After college, they moved away from the Tar Heel State. But in 2010, McMahonâs ties to North Carolina would be noted in a story by the Hartford Courant, which reported that she received a position on the Connecticut Board of Education after wrongfully claiming to then-Gov. M. Jodi Rell that she graduated from ECU with an education degree. In response to the allegations, McMahon told the Courant, âshe first thought she had been right, because she did a semester of student-teaching, and after state testing, emerged with the certificate to teach â although she never did,â the Courant reported. Education background Her college degree was one of several misleading statements the newspaper reported McMahon had made on her application. McMahonâs opponents had argued her connection to WWE, and its violent, sexual and vulgar content, sent the wrong kind of message. They also criticized her lack of experience in education, though supporters saw that as a win. She still faces that criticism as Trumpâs nominee. McMahonâs resume also includes serving on the board of trustees for Sacred Heart University in Connecticut. Despite the opposition, and news of her misidentified degree breaking in the Stamford Advocate a month before her confirmation hearing, the Connecticut legislature approved Rellâs nomination of McMahon. She would serve on the board for around a year. McMahon took to social media Thursday following the news that Rell died suddenly at 78. âHer dedication and approach to public service is the gold standard to which we all should aspire to,â McMahon wrote. âI was honored to have her appoint me to serve on the CT State Board of Education and so enjoyed working with her.â When McMahon resigned from Connecticutâs board in 2010, she told the Courant it didnât have to do with their pending story. She said it was instead because of the boardâs rules wouldnât allow her to raise money for her Senate campaign while serving. She would go on to lose two separate Senate campaigns. Political work But McMahon never walked away from politics. She became a major donor and fundraiser for Republicans. During Trumpâs 2024 campaign, she donated more than $20 million to the former and future president, NBC News reported. McMahon supported Trump from the beginning of his political career and it paid off for her when he nominated her to lead the Small Business Administration. After three years, McMahon resigned to lead America First Action, a Trump super-PAC. She chairs the America First Policy Institute board. Trumpâs news release about her most recent nomination credits her for working on parentsâ rights and universal school choice policy at the institute. She also serves as co-chair of Trumpâs transition team. Educationâs future McMahon is one of several of Trumpâs nominees who could face a tough nomination process. For McMahon, sheâs accused of allowing one of her employees to use his position to sexually abuse five teenagers 15 and under The accusation is part of a lawsuit filed anonymously by former teenage employees. If McMahon clears the Senate nomination, she faces a different hurdle. Itâs unclear how long her position might even exist. And once again, that might be left up to Congress to decide. One of Trumpâs constant campaign promises was to shutter the Department of Education. However, thatâs a promise Trump canât keep without congressional approval.
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East Carolina cornerback Shavon Revel Jr., a potential first-round pick, declared for the 2025 NFL Draft on Friday. Revel, who sustained a torn left ACL in practice in September, had one season of eligibility remaining. "After an incredible journey at East Carolina, I am officially declaring for the 2025 NFL Draft," the senior posted on social media. "... Pirates nation, thank you for your unwavering energy and support every game. Representing ECU is an honor, and I look forward to continuing to do so on Sundays!" Revel recorded two interceptions in three games this season, returning one 50 yards for a touchdown on Sept. 14 against Appalachian State. Over three seasons with the Pirates, Revel had three interceptions, 15 passes defensed and 70 tackles in 24 games. He was a second-team All-American Athletic Conference selection last season. ESPN draft analyst Mel Kiper Jr. ranked Revel as the No. 2 cornerback and No. 23 overall prospect in the 2025 draft class. --Field Level Media REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel nowNone
Manchester United head coach Ruben Amorim claims that "the storm is coming" for his team. Despite a promising start to his tenure, with two wins and a draw in his first three games, Amorim is aware of the daunting challenges ahead. United's next fixture is away to Arsenal , a team that has finished second in the Premier League for the past two seasons, and Amorim acknowledged the significant gap between the two clubs. With a tough run of fixtures looming, including matches against Manchester City , Tottenham , Liverpool , and another encounter with Arsenal in the FA Cup, Amorim is cautious about his team's prospects. United's recent record against the top six teams is dismal, with no wins in their last ten away fixtures, and Amorim is bracing himself for difficult times ahead. "I would like to say different things, but I have to say it again: the storm will come," the Portuguese coach said. "I don't know if you use that expression but we are going to have difficult moments and we will be found out in some games. And I know that because I'm knowing my players and I know football and I follow football. "So I understand the difference between the teams and we are in the point in that we are putting simple things in the team, without training, and you feel it in this game against Everton. They change a little bit the way they were building up. "They are a very good team and we were with a lot of problems because we cannot change it by calling one thing to the captain. So we don't have this training. So let's focus on each game, on the performance, what we have to improve, trying to win games. And that is the focus." He further stressed the high expectations at the club: "I know it's really hard to be a Manchester United coach and say these things in press conferences. We want to win all the time, no matter what. We are going to try to win but we know that we are in a different point if you compared to Arsenal . "So it is what it is and we will try to win it and we go with confidence to win, but we know that we need to play very well to win the next football match."
Former President Ram Nath Kovind highlights transformative power of education, advises students to dream big
David Bonderman, who managed money for one of the richest families in Texas, helped create one of the giants of the private-equity business and pushed to bring professional hockey to Seattle , died Wednesday. He was 82. Bonderman's death was announced by TPG, the asset-management firm he co-founded, his Wildcat Capital Management investment company, the Seattle Kraken hockey team, and his family. They said he was surrounded by his family, but did not say where he died. A spokesperson for the Kraken said they would not disclose the cause of death. For much of his career, Bonderman kept a low profile in public, rarely granting interviews with news organizations. He concentrated on corporate takeovers and other investments, many of which were highly profitable. Forbes magazine estimated his wealth at $6.4 billion in April. "Rarely the loudest person in the room, but often the smartest, David remained humble, once saying that his personal strength was âNot knowing a lot about something but knowing enough to make a decent decision,ââ his family and companies said in a statement. Kraken CEO Tod Leiweke said Bonderman played a role in creating the team's logo and brand. âDavid was a visionary; unafraid to take on challenges and make bold decisions. He was smart, witty, curious, and humble,â Leiweke said. As an investor, Bonderman had a contrarian streak, and he was not afraid of offending others, even those in the White House. Over the Obama administration's objections, he attended Russian President Vladimir Putin's annual economic forums in 2014 and 2015 â after Russia annexed Crimea from Ukraine and was slapped with U.S. sanctions. Bonderman also was known for throwing lavish birthday parties. The Rolling Stones played at his 60th birthday bash, and former Beatle Paul McCartney headlined his 70th birthday soiree. Both events were in Las Vegas. Born in Los Angeles on Nov. 27, 1942, Bonderman attended the University of Washington and Harvard Law School, from which he graduated in 1966. After a stint teaching law at Tulane University, he joined the U.S. Justice Department in the late 1960s, then in 1971 became a partner and expert in corporate and securities law at Arnold & Porter, a high-powered Washington, D.C., law firm. In 1983, he went to work for the Robert M. Bass Group investment company in Fort Worth, Texas. With money from the Bass family , which traced its wealth to the exploits of Texas oil wildcatter Sid Richardson, Bonderman and partner Jim Coulter made several leveraged buyouts in the 1980s, including a hugely profitable investment in Continental Airlines. Bonderman, Coulter and Bill Price started Texas Pacific Group in 1992. According to its website, the private-equity firm now known as TPG manages $239 billion in assets and has invested in industries that include health care, technology and business services. The firm was a major early investor in short-term rental site Airbnb and music-streaming service Spotify. Bonderman served on several corporate and philanthropic boards. In 2017, he resigned from the Uber board hours after making an insensitive comment during a meeting on sexism at the ride-hailing company. When fellow director Arianna Huffington said data showed that having one woman on the board made it more likely a second would be added, Bonderman interjected, âActually, what it shows is that itâs much more likely to be more talking.â He later apologized. In politics, Bonderman was a longtime backer of former Texas governor and Republican President George W. Bush but flipped to support Bush's challenger, Democrat John Kerry, in the 2004 election. He famously told The Wall Street Journal that Bush was âa really good guyâ but had divided the country. âHeâs turning out to be the worst president since Millard Fillmore â and thatâs probably an insult to Millard Fillmore,â Bonderman said. With his wealth from TPG, Bonderman purchased a minority stake in the Boston Celtics and was a member of the group holding a majority interest in the Seattle Kraken , an expansion team in the National Hockey League. Survivors include five children and three grandchildren.
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NEW YORK , Dec. 15, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global sports tourism market size is estimated to grow by USD 771.4 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 15.2% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: Domestic sports tourism is a significant segment in the global sports tourism market, with a large number of tourists traveling within their countries to attend various sports events. This includes both participation and spectating, as well as expenditures on hospitality and merchandise related to the sports event. The popularity of domestic sports tourism is due to several factors, such as the ease of transportation within regions, the use of a uniform regional currency, and the familiar cultural and regional backgrounds. Many domestic sports leagues are held across the world, and governments and sports teams are facilitating fan travel between venues, as seen in Qatar with free shuttle buses, the Doha Metro, taxis, and cab services, and dedicated lanes for fans. The growth of domestic sports tourism is also driven by the strong growth in developing economies, offering economic opportunities and regional benefits. The global domestic sports tourism market is expected to experience a steady YoY growth rate during the forecast period due to the familiarity it provides with a country's tourism policies, government rules, and adventure sports risks. Analyst Review The sports tourism market is a dynamic and growing sector that brings together the excitement of sports and the allure of travel. Motorsport, cricket, tennis, and soccer are just a few of the popular sports that attract fans and travelers from around the world. Major events like the FIFA World Cup and UEFA Champions League draw massive crowds, while Formula 1, NASCAR, marathons, and triathlons offer unique experiences for participants and spectators alike. The sports industries have recognized the potential of this market and have initiated strategic partnerships to host events in premier travel destinations. The destination appeal and visitor experiences are crucial for sustained growth in sports tourism. Leisure travelers and fans seek authentic and memorable experiences, making sports events an integral part of their travel plans. The Olympics, basketball, baseball, hockey, and soccer are other sports that contribute significantly to this thriving market. Market Overview The sports tourism market encompasses various segments, including Motorsport, Cricket, Tennis, FIFA World Cup, UEFA Champions League, Formula 1, NASCAR, Marathons, Triathlons, Adventure races, and more. Travel agencies, tour operators, hospitality chains, event management companies, and Olympics are key players in this industry. Partnership initiatives between these entities and sports industries have led to the hosting of world-class sports events, making destinations premier travel attractions. Sports tourists seek adrenaline-fueled, experiences, driving sustained growth in the market. However, challenges include seasonal fluctuations, infrastructure limitations, and financial challenges for event organizers. The market caters to fans and travelers alike, offering leisure travel and live entertainment. Historical data shows a significant increase in visitor numbers, with top-tier athletes and host cities generating regional tourism revenues and economic growth. Sustainable practices, eco-friendly initiatives, and environmental awareness are becoming increasingly important to ensure long-term profitability and overall sustainability. Despite these challenges, the sports tourism market continues to be a captivating frontier, with safari tourism and travel & outdoor activities adding to its allure. Event organizers must address infrastructure limitations and carbon footprints while maintaining visitor experiences and overall sustainability. To understand more about this market- Download a FREE Sample Report in minutes! 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/sports-tourism-market-to-grow-by-usd-771-4-billion-2023-2028-segmented-by-type-product-area-and-geography-with-ai-powered-market-evolution--technavio-302331099.html SOURCE Technavio
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