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Key inflation index drops to lowest point in 2 years

Published Wed, 26 Feb 2025 04:45:24 GMT

By Christopher Rugaber | Associated PressWASHINGTON — An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs.At the same time, consumers barely increased their spending last month, boosting it just 0.1%, after a solid 0.6% gain in April.The inflation index showed that prices rose 3.8% in May from 12 months earlier, down sharply from a 4.4% year-over-year surge in April. And from April to May, prices ticked up just 0.1%.Still, last month’s progress in easing overall inflation was tempered by an elevated reading of “core” prices, a category that excludes volatile food and energy costs. The increase underscored the Fed’s belief that it will need to keep raising interest rates to conquer high inflation.Core prices rose 4.6% in May from a year earlier, down slightly from the annual increase of 4.7% in April. It was the fifth straight m...

Draymond Green agrees to 4-year, $100 million deal to return to the Warriors

Published Wed, 26 Feb 2025 04:45:24 GMT

Draymond Green isn’t going anywhere after all.Just seconds after free agency opened Friday afternoon, Green agreed to re-sign with Golden State on a four-year, $100 million deal contract that includes a player option in the final season, league sources confirmed.The deal will tie Green with Golden State through the 2026-27 season, one year longer than Stephen Curry, who’s under contract for the next three seasons.Green, whom the Warriors drafted No. 35 overall in 2012, is slated to make $22.6 million in the first year of his deal, which will result in more than $40 million in tax savings, according to a league source.Green, 33, was never going to go to another team, especially with how last season ended, and the writing had been on the wall for weeks that he’d be back next season and beyond.In the immediate aftermath of the Warriors season-ending loss in the Western Conference semifinals, Stephen Curry, Klay Thompson and Green all vowed it wouldn’t be the end...

NCAA committee considers increasing transition cost to FBS from $5,000 to $5 million

Published Wed, 26 Feb 2025 04:45:24 GMT

INDIANAPOLIS (AP) — Football Championship Subdivision schools soon could be paying more — a lot more — to move to the NCAA’s top level of competition.The Division I Council is considering a proposal that would increase the transition fee from $5,000 to $5 million, effective upon approval of the measure. All Football Bowl Subdivision schools also would be required to provide 90% of the allowable scholarships in 16 sports, including football, over a rolling two-year period.The measure also calls on FBS schools to offer at least 210 scholarships per year at a price tag no lower than $6 million.If approved, the new rules would take effect Aug. 1, 2027, for current FBS members and FCS schools applying to make the move by 2024-25. Schools that apply after 2024-25 would have to meet the requirements before the end of the two-year transition process.It also would immediately eliminate the FBS attendance requirement.“These requirements will directly benefit college athletes competing i...

Kyrie Irving, Draymond Green, Kyle Kuzma stay put as NBA free agency opens, sources tell AP

Published Wed, 26 Feb 2025 04:45:24 GMT

Washington Wizards forward Kyle Kuzma (33) dribbles during the first half of an NBA basketball game against the Toronto Raptors, Thursday, March 2, 2023, in Washington. (AP Photo/Nick Wass)(AP/Nick Wass) Washington Wizards forward Kyle Kuzma (33) dribbles during the first half of an NBA basketball game against the Toronto Raptors, Thursday, March 2, 2023, in Washington. (AP Photo/Nick Wass)(AP/Nick Wass) Kyrie Irving and Luka Doncic are going to try again together in Dallas. Draymond Green is going to chase more championships with Stephen Curry in Golden State. And Jerami Grant is staying put in Portland, for serious money.Those decisions came quickly Friday night as free agency in the NBA got off to its tradition...

Moore, Pendrith share the Rocket Mortgage Classic lead at 13 under

Published Wed, 26 Feb 2025 04:45:24 GMT

DETROIT (AP) — Taylor Moore and Taylor Pendrith shared the Rocket Mortgage Classic lead at 13 under Friday, hoping to hold off a veteran trying to end a victory drought and a promising young pro aiming for his first PGA Tour victory.Pendrith shot an 8-under 64 at Detroit Golf Club, one off the tournament record. Moore, who began the day tied with Monday qualifier Peter Kuest, had a 67 to match Pendrith at 13-under 131.Rickie Fowler (65) and former top-ranked amateur Ludvig Aberg (67) were a shot back after two straight solid rounds.The 34-year-old Fowler jumped into contention, chipping in for eagle from 27 feet on the par-5 17th. Fowler set himself up with a chance to for his first win since 2019 at the U.S. Open two weeks ago with an opening 62 before closing with a 75 to plummet into a fifth-place tie.“We can’t try and press too hard,” he said. “Definitely know we can win. How I’ve played is some of the best, if not the best, I’ve felt about my game and on the course really ever....

Cavaliers come out firing in free agency, get deals with LeVert, Niang in first hour of free agency

Published Wed, 26 Feb 2025 04:45:24 GMT

CLEVELAND (AP) — The Cavaliers came out firing in free agency.Looking to improve its roster after an illuminating playoff exit, Cleveland agreed to deals with forwards Caris LeVert and Georges Niang in the first hour on Friday.LeVert, who bounced back and forth between starter and reserve last season, agreed to a two-year, $32 million contract, a person familiar with the negotiations told The Associated Press.Niang agreed to a three-year, $26 million deal with Cleveland, his agent, Mark Bartelstein, told AP.The moves improve the Cavs’ depth and gives them two proven veterans — and in Niang, a solid outside shooter — to go along with their young core of Donovan Mitchell, Darius Garland, Evan Mobley and Jarrett Allen following a 51-win season.Niang, who played the past two seasons with Philadelphia, will be reunited in Cleveland with Mitchell, his former teammate for three seasons in Utah. Mitchell quickly responded to the Cavs’ move, posting “Minivan,” Niang’s nickn...

2023 NHL Draft Team By Team

Published Wed, 26 Feb 2025 04:45:24 GMT

Anaheim Ducks1. (2) Leo Carlsson, C, Orebro (Sweden).2. (33) Nico Myatovic, LW, Seattle (WHL).2. (59) Carey Terrance, C, Erie (OHL).2. (60) Damian Clara, G, Farjestad Jr. (Sweden).3. (65) Coulso Pitre, RW, Flint (OHL).3. (85) Yegor Sidorov, RW, Saskatoon (WHL).4. (97) Konnor Smith, D, Peterborough (OHL).5. (129) Rodwin Dionicio, D, Windsor (OHL).6. (161) Vojtech Port, D, Edmonton (WHL).Arizona Coyotes1. (6) Dmitriy Simashev, D, Yaroslavl Jr. (Russia).1. (12) Daniil But, LW, Yaroslavl Jr. (Russia).2. (38) Michael Hrabal, G, Omaha (USHL).3. (70) Jonathan Castagna, C, St. Andrews College (HS-Ontario).3. (72) Noel Nordh, Lw, Brynas Jr. (Sweden).3. (81) Tanner Ludtke, C, Lincoln (USHL).3. (88) Vadim Moroz, RW, Minsk (KHL).4. (102) Terrell Goldsmith, D, Prince Albert (WHL).5. (134) Melker Thelin, G, Bjorkloven U-18 (Sweden).5. (160) Justin Kipkie, D, Victoria (WHL).6. (162) Samu Bau, C, Ilves (Finland).6. (166) Carsen Musser, G, USA U-18 (NTDP).Boston Bruins3. (92) Christopher Pelosi, C, ...

Pacers make early splash by agreeing to 2-year, $45 million deal with Bruce Brown, source says

Published Wed, 26 Feb 2025 04:45:24 GMT

INDIANAPOLIS (AP) — Bruce Brown Jr. is leaving the NBA champion Denver Nuggets for a two-year, $45 million deal with the Indiana Pacers, a person with knowledge of the deal told The Associated Press on Friday.The person requested anonymity because the deal has not yet been announced publicly and said the deal includes a team option for the second year.Brown started 31 games and was a key contributor in the playoffs for the Nuggets last season. He averaged 11.5 points, 4.1 rebounds and 3.4 assists during the regular season.Denver wanted to keep Brown, but was prevented by salary cap rules from offering a deal anywhere near the one the Pacers offered. Indiana was trying to get younger and better defensively on the perimeter before last week’s NBA draft. But trading partners wanted Indiana’s No. 7 overall pick — something the Pacers were unwilling to do.Instead, they made a rare early splash in free agency by adding the 26-year-old Brown to a young, emerging roster led by A...

Kyrie Irving agrees to stay with Mavs, Doncic on a $126 million, 3-year deal, AP source says

Published Wed, 26 Feb 2025 04:45:24 GMT

DALLAS (AP) — Kyrie Irving wants to run it back with Luka Doncic.The enigmatic guard and the Dallas Mavericks agreed Friday on a $126 million, three-year contract in the opening hour of NBA free agency, a person with knowledge of the deal told The Associated Press. The person spoke on condition of anonymity because contracts can’t be signed until Thursday.The Mavericks paired All-Star starters for the first time in franchise history by adding Irving in a blockbuster deal with Brooklyn last February, but stumbled down the stretch to miss the playoffs for the first time since Doncic was a rookie in 2018-19.Dallas was in the middle of the postseason chase when Irving joined the club, but the eight-time All-Star and Doncic, a four-time choice, were just 5-11 together with both missing multiple games because of injuries.The Mavericks won their first two games with Irving but went 7-18 the rest of the way and couldn’t even make the play-in tournament a year after reaching the ...

Rocket Mortgage Classic Par Scores

Published Wed, 26 Feb 2025 04:45:24 GMT

FridayAt North CourseDetroitPurse: $8.8 millionYardage: 7,370; Par: 72Second RoundTaylor Moore64-67—131-13Taylor Pendrith67-64—131-13Ludvig Aberg65-67—132-12Rickie Fowler67-65—132-12Justin Lower68-65—133-11Collin Morikawa66-67—133-11Aaron Rai65-68—133-11Adam Schenk65-68—133-11Cameron Davis69-65—134-10Adam Hadwin66-68—134-10Peter Kuest64-70—134-10Andrew Landry71-63—134-10Sepp Straka68-66—134-10Dylan Wu65-69—134-10Nicolai Hojgaard67-68—135-9Chris Kirk67-68—135-9Peter Malnati69-66—135-9Callum Tarren67-68—135-9Keegan Bradley69-67—136-8MJ Daffue66-70—136-8Brian Harman68-68—136-8Charley Hoffman67-69—136-8Satoshi Kodaira71-65—136-8Troy Merritt68-68—136-8Alex Noren68-68—136-8Sam Ryder65-71—136-8Brendon Todd68-68—136-8Carl Yuan70-66—136-8Luke Donald71-66—137-7Doug Ghim66-71—137-7Ben Griffin70-67—137-7Max Homa69-68—137-7Stephan Jaeger69-68—137-7Ryan Moore67-70—137-7Ryan Palmer70-67—137-7Chad Ramey68-69—137-7Brett Stegmaier67-70—137-7Justin Suh65-72—137-7Danny Willett70-67—137-7Carson Young69-...