Union budget 2023

Last season’s record revenue for Major League Baseball translates into all-time-high valuations for its teams. By Mike Ozanian and Justin Teitelbaum T he eroding economics of regional sports networks made little difference: Major League Baseball teams are still hot assets. Before Arte Moreno pulled the plug on selling his Los Angeles Angels in January, he would have gotten at least $2.7 billion, or $280 million more than the MLB record $2.42 billion that Steve Cohen paid for the New York Mets in 2020, according to people familiar with the sale process. The average MLB team value is up 12% this year, to $2.32 billion. During the 2022 season, revenue (net of stadium debt service) increased 7.8%, to an all-time high of $10.3 billion. The top-line gain was driven by a 64% increase in ticket revenue (including postseason and spring training), to $2.4 billion (the 2021 season started with nearly all ballparks under capacity restrictions) and a 35% increase in … [Read more...] about Baseball’s Most Valuable Teams 2023: Price Tags Are Up 12% Despite Regional TV Woes

Key Takeaways U.S. equities indexes fell on March 22, 2023, as the Fed hiked interest rates even though markets remained concerned about issues in the banking sector. The Dow, Nasdaq, and S&P 500 all posted losses of approximately 1.6% during Wednesday's session. Bank stocks saw significant declines, with First Republic (FRC) turning in the worst performance among S&P 500 stocks on uneasiness about its risk of failure. U.S. equities sank after the Federal Reserve raised interest rates another 25 basis points (bps) in its effort to bring down inflation. The decision came despite expectations by some that policymakers might pause hikes because of concerns about the banking sector in the aftermath of the collapse of Silicon Valley Bank and Signature Bank. Fed Chair Jerome Powell noted that the banking stress will likely cause tighter credit conditions that will impact the economy. The Dow, S&P 500, and Nasdaq all dropped about 1.6%. Bank stocks tumbled, … [Read more...] about Markets Dip as Fed Raises Rates Despite Banking Concerns

LONDON  – Nearly half of emerging market investors are bullish on prospects for developing markets in the second quarter, a survey by HSBC showed on Thursday, thanks to rising optimism following the reopening of the Chinese economy. Some two thirds of the respondents expected emerging equities to outperform those of the developed economies in the next three months, the survey of 138 investors from 133 institutions, conducted between Jan. 24 and March 6, found. More than two thirds of the respondents expected emerging currencies to beat those of developed markets in the same period. Those surveyed represent $547 billion in assets under management. “Asia has seen the largest improvement in sentiment, largely reflecting the expectations of a strong rebound of Chinese economic activity,” said Murat Ulgen, Global Head of Emerging Markets Research at HSBC. The MSCI emerging market equity index has risen 2 percent since the start of the year, though those gains come in the wake of a … [Read more...] about Emerging market investors turn increasingly bullish for Q2, HSBC survey shows

From left: K2 battle tank, wheeled armored vehicle, HR-Sherpa. [HYUNDAI ROTEM] Since its foundation in 1977, Hyundai Rotem has been the sole supplier of tanks, associated vehicles and wheeled armored vehicles to the Korean Army. In line with the fourth industrial revolution, Hyundai Rotem is focusing on the research and development of future defense systems, combining unmanned and autonomous operation technology, robotic technology and 5G communication. The K2 Blackpanther main battle tank (MBT) is considered one of the world’s most advanced tanks. Due to Korea’s geo-strategic location, hundreds of K2 MBTs have been deployed for the Korean Army since 2014. Hyundai Rotem is gearing up advanced technologies such as remote controlled weapon systems and active protection systems considering rapid changes of unpredictable and unstable future battlefields. Recently, Hyundai Rotem won a contract supplying combat engineering vehicles by 2023. Additionally, Hyundai Rotem secured an … [Read more...] about [SPONSORED REPORTS] Hyundai Rotem focuses on future of defense systems

Ford expects to lose $3 billion on its electric vehicle department this year, the company announced Thursday. The company will be reorganizing its financial reporting into three distinct branches, Ford Blue, Ford Model e and Ford Pro, which will develop gas-powered, electric and commercial vehicles respectively, according to a press release. In the three years starting 2021, Ford Model e is expected to report a $3 billion loss. (RELATED: ‘Sustainable’ Electric Cars Are Getting Junked Over Minor Damage) “We’ve essentially ‘refounded’ Ford, with business segments that provide new degrees of strategic clarity, insight and accountability to the Ford+ plan for growth and value,” CFO John Lawler said.  “It’s not only about changing how we report financial results; we’re transforming how we think, make decisions and run the company, and allocate capital for highest returns.” Ford’s new structure and way of reporting earnings gives new insight into its EV business (which CFO … [Read more...] about Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business

TikTok CEO Shou Chew dodged questions Thursday about whether tactics by parent company ByteDance used to “spy” on American journalists could be used to target more Americans. House Energy and Commerce Committee Chairwoman Cathy McMorris Rodgers of Washington questioned Chew on reporting by Forbes that staff at ByteDance used TikTok data last year to surveil journalists who were covering the company, gaining access to their IP addresses to track whether they had been in proximity to ByteDance employees. “TikTok spied on American journalists. Can you say with 100% certainty that neither ByteDance, nor TikTok employees, can target other Americans with similar surveillance?” TikTok CEO: “I disagree with the characterization that it was ‘spying.'” pic.twitter.com/EjWPzuvcec — RNC Research (@RNCResearch) March 23, 2023 “TikTok spied on American journalists. Can you say with 100% certainty that neither ByteDance, nor TikTok employees, can target other Americans with … [Read more...] about TikTok CEO Dodges On Whether Company Will Cease ‘Spying’ On Americans

President Joe Biden’s approval rating plummets towards the lowest point of his presidency on Thursday, according to a new poll. The president’s approval sank to 38% this month, nearly reaching the lowest point he has received in office where he received a 36% rating in July 2022, an AP/NORC poll found. Biden ‘s March approval has dropped from a 45% rating since February and 41% in January. “Neutral towards approval,” Andrew Dwyer, one of the respondents, told The Associated Press. “I don’t think he’s the best at representing my position and issues. But I know being president involves compromises.” Republicans overwhelmingly disapprove of the president at 96%, while the majority of Democrats approve at 76%. Only 21% of Americans believe the country is heading in the right direction, down 7 percentage points from February, a decline of both Democrats and Republicans since last month. Biden’s approval rating at 38%. — GraphicW (@GraphicW5) March 23, 2023 The … [Read more...] about Biden’s Approval Rating Sinks Towards Lowest Point Of His Presidency: POLL

The Department of Education Office for Civil Rights (OCR) opened an investigation into an Oregon school district that allegedly created race-based student groups, according to a letter obtained by the Daily Caller News Foundation. Parents Defending Education (PDE), a group focused on parental rights, filed a civil rights complaint in January alleging to the OCR that Ashland School District allegedly created exclusive groups specifically for students of color. The OCR notified PDE in a letter that it would be opening an investigation into the school district on Monday. (RELATED: EXCLUSIVE: ‘Genderqueer Shapeshifter’ Provided School District’s Professional Development Training For Teachers) “We are glad to learn that the Department of Education has opened an investigation into one of our allegations against Ashland School District,” Nicole Neily, president of PDE, told the DCNF. “Student affinity groups like those offered at both Ashland High School and Ashland Middle … [Read more...] about EXCLUSIVE: Biden Admin To Investigate School District That Allegedly Created Race-Based Student Groups

Like clockwork, the United Nations is out with yet another climate report, and the usual suspects are already blaring the global warming alarm sirens. The New York Times warned the planet is on track “to cross a critical threshold for global warming within the next decade” and the only way to “hold global warming to relatively safe levels” would “require global cooperation, billions of dollars and big changes.” The Associated Press declared the world is on “thin ice” due to warming. The BBC characterized the UN report as a “survival guide” — if we don’t follow it, we’ll see “the worst effects of climate change.” The alarmist frenzy was joined by prominent scientists, eco-activists, Democratic politicians and even the UN chief himself, who called the report a “how-to guide to defuse the climate time-bomb. In other words, the media, elites and the scientific establishment want you to take this report very, very seriously. The problem is no one who actually cares about … [Read more...] about BASTASCH: The UN’s Newest Climate Report Is A Woke Dumpster Fire Masquerading As Science

A recall of New Orleans Democratic Mayor LaToya Cantrell has failed due to a large number of petition signatures being deemed invalid, according to The Associated Press. Most of the petition’s 67,000 signatures were deemed invalid by the registrar, leaving the petition short by roughly 18,000 signatures to recall the mayor, the AP reported . Democratic Gov. John Bel Edwards declared that just 27,243 were valid, while the petition would need 44,975 to become effective. “Now, with the divisiveness of the failed recall campaign officially behind us, we must heal and recommit ourselves to working collaboratively to continue the progress we’ve made towards reducing crime, increasing public safety, building a more sustainable and resilient city and creating economic and job opportunities that benefit all of our people,” Cantrell said in a statement provided to the Daily Caller News Foundation. The signatures could have been declared invalid for many reasons, like being … [Read more...] about Petition Fails To Recall Mayor Of Crime-Stricken Blue City After Majority Of Signatures Deemed Invalid