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Aaron Rodgers to take time deciding NFL future after season

Less than a day after asking for sports media members to disclose their COVID-19 vaccination information, Aaron Rodgers is making news once again.

The four-time NFL MVP and New York Jets quarterback told The Athletic’s Zack Rosenblatt on Wednesday that he will take some time after the end of the season to decide on his future ‘unless [he gets] released right away.’

This is nothing new for Rodgers. After the 2022 NFL season, his last with the Green Bay Packers, Rodgers spent four days in a ‘darkness retreat’ to decide whether to return for a 19th NFL season or retire.

Rodgers is the oldest player in the NFL and just turned 41 years old on Dec. 2. He had one of his best games of the season in Week 15 against the Jacksonville Jaguars, but is having one of his worst seasons as a full-time NFL starter. He’s on pace for a career-worst passer rating and close to career-lows in completion percentage and yards per game.

If he takes time away to decide his future, the Jets could end up moving on. The team already have general manager and head coach vacancies to fill this offseason. Here’s what to know about their options for handling Rodgers’ future.

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

Can the Jets release Aaron Rodgers?

Yes, but at a high cost, per OverTheCap data. If the Jets release Rodgers before June 1, 2025, New York will carry $74.5 million in dead money on the salary cap. If they release him after June 1, 2025, that number goes down to $4.5 million.

Can the Jets trade Aaron Rodgers?

Rodgers has a no-trade clause in his contract. It’s a relatively common part of contracts for starting quarterbacks in the NFL. It means he has to agree to a trade and waive that clause before the Jets can deal him to a different team.

Aaron Rodgers contract

In 2025, here’s what Rodgers is set to make:

  • Base salary: $2.5 million
  • Signing bonus: $14 million
  • Other bonus: $7 million
  • Total cap hit: $23.5 million

There are four void years tacked onto the contract Rodgers signed with the Jets prior to the 2023 NFL season. As it currently stands, Rodgers will cost $63 million against the Jets’ salary cap in 2026. For 2027 through 2029, he will not count against the cap, but the team will owe him bonuses in this layout:

  • 2027: $21 million ($14 million signing bonus, $7 million other bonus)
  • 2028: $14 million ($7 million signing bonus, $7 million other bonus)
  • 2029: $7 million (other bonus only)

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This post appeared first on USA TODAY

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Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

The uranium market entered 2024 on strong footing after a year of significant price movement, as well as renewed attention on nuclear energy’s role in the global energy transition.

After a hitting a 17 year high in February, the uranium spot price declined and then stabilized for the rest of 2024, highlighting the fragile balance between supply constraints and growing demand.

Uranium ended the year around US$73.75 per pound, down from its earlier heights, but still historically elevated.

Key drivers of 2024’s momentum included geopolitical tensions, particularly US sanctions on Russian uranium imports, and supply-side challenges, such as Kazatomprom’s (LSE:KAP,OTC Pink:NATKY)reduced output. Meanwhile, the energy transition narrative bolstered uranium’s importance as countries sought reliable, low-carbon energy sources. The global push for nuclear energy, amplified by new commitments at COP29, has set the stage for continued growth in demand.

Heading into 2025, questions about long-term supply security, the geopolitical reshaping of the uranium market and the direction the price will take are expected to dominate industry discussions.

Investors, utilities and policymakers alike are navigating an increasingly dynamic market, looking to capitalize on nuclear energy’s pivotal role in a decarbonized future.

Uranium M&A heating up, more expected in 2025

According to the World Nuclear Association, uranium demand is forecast to grow by 28 percent between 2023 and 2030. To satisfy this projected growth, uranium majors will need to increase annual production.

They can do so by expanding current mines — if the economics are viable — or by acquiring new projects.

The market began to see heightened merger and acquisition activity in 2024, and the trend is likely to continue into 2025 and beyond, according to Gerado Del Real of Digest Publishing.

He added, “I think it makes sense for some of these bigger companies to start merging and really create a market for themselves, and then take market share for the next several decades.”

One of 2024’s most notable deals was a C$1.14 billion mega merger that saw Australia’s Paladin Energy (ASX:PDN,OTCQX:PALAF) move to acquire Saskatchewan-focused Fission Uranium (TSX:FCU,OTCQX:FCUUF).

The deal, which was announced in July, is currently undergoing an extended review by the Canadian government under the Investment Canada Act. Canadian officials have cited national security concerns as a reason for the extension.

A key factor is opposition from China’s state-owned CGN Mining, which holds an 11.26 percent stake in Fission Uranium. The review reflects heightened scrutiny over critical uranium resources amid geopolitical tensions and global energy security concerns. The prolonged evaluation is now set to conclude by December 30, 2024.

With no guarantee of approval, both companies are navigating the implications as Canada carefully weighs the acquisition’s potential impact on its domestic uranium sector and national interests.

Although the Paladin deal remains precarious, it hasn’t impeded other uranium sector transactions.

At the beginning of Q3, IsoEnergy (TSX:ISO,OTCQX:ISENF) announced plans to buy US-focused Anfield Energy (TSXV:AEC,OTCQB:ANLDF). The deal will significantly increase the company’s resource base to 17 million pounds of measured and indicated uranium, and 10.6 million pounds inferred.

The acquisition will also position IsoEnergy as a potentially major US producer.

“We’ll be looking toward some pretty robust M&A In 2025,” said Del Real.

Companies weren’t the only dealmakers in 2024. In mid-December, state-owned Russian company Rosatom sold its stakes in key Kazakh uranium deposits to Chinese firms.

Uranium One Group, a Rosatom unit, sold its 49.979 percent stake in the Zarechnoye mine to SNURDC Astana Mining Company, controlled by China’s State Nuclear Uranium Resources Development Company.

Additionally, Uranium One is expected to relinquish its 30 percent stake in the Khorasan-U joint venture to China Uranium Development Company, linked to China General Nuclear Power.

For Chris Temple of the National Investor, the move further evidences the notion that China is using backdoor loopholes to circumvent US policy decisions for its own benefit.

“China is selling enriched uranium to the US that’s actually Russian-enriched uranium — but (China) owns it,” he said. “It’s the same as when China goes and sets up a car factory in Mexico, and Mexico sells the cars to the US.”

Geopolitical tensions to amp up supply concerns

Geopolitical tensions are also anticipated to play a key role in uranium market dynamics in 2025.

In the US, the Biden administration’s Russian uranium ban will continue to be a factor in the country’s supply and demand story. In 2023, the US purchased 51.6 million pounds of uranium, with 12 percent supplied by Russia.

In response to the Russian uranium ban and other sanctions stemming from the Russian invasion of Ukraine, the Kremlin levied its own enriched uranium export ban on the US in November.

With a potential shortfall of 6.92 million pounds looming for the US, strategic partnerships with allies will be crucial.

“If we take a North American — and this includes Canada — (approach), we can find enough supply for the next several years. I am a firm believer that after the next several years of contracts have gobbled up and secured the supply that’s necessary, that we’re just going to be short unless we have much higher prices,” said Del Real.

Canada is home to some of the largest high-quality uranium deposits, making it a plausible source of US supply.

Continental collaboration was an idea that was reiterated by Temple.

“The biggest beneficiaries, if we’re looking at it in the context of North America, are going to be Canadian companies first,’ he said. ‘Secondly, some of the US ones that are going to be adding production that have just been idle for years. You’ve got UEC (NYSEAMERICAN:UEC) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU), two that I follow most closely, and they are starting to ramp back up. It’s going to take a while to get there, but they’re going to do well.”

While Canadian uranium may be the closest and most accessible for the US market, concerns that tariffs touted by Donald Trump could result in a tit-for-tat battle impacting the energy sector have grown in recent weeks.

Despite the incoming president’s tough rhetoric, both Del Real and Temple see it more as a negotiation tactic.

“The cynical part of me doesn’t believe that the tariffs will actually be implemented in any sort of sustainable way, because I’m not a fan. They’re not effective. They’ve been proven to not be effective. They hurt the consumer more than anyone else, and I don’t think that the incoming administration is going to want to start by ramping prices up,” said Del Real, noting that it remains to be seen if the tariff strategy is deployed like a “chainsaw or a scalpel.”

Temple also underscored the need for diplomacy and unification between the US and Canada.

“Trump has made a lot of threats about what he’s going to do as far as tariffs and whatnot. But again, his whole tariff policy is using a sledgehammer in multiple places when a scalpel in fewer places is appropriate,” he said.

He went on to explain that the tariffs are meant to impact China, but the policy is not well targeted. He believes there needs to be more wisdom and nuance in dealing with China, rather than just relying on overarching tariffs.

More broadly, Temple warned of the potential consequences of pushing China too hard and destabilizing the global economy, a concern he sees as a factor that could be very impactful in 2025.

China’s economic troubles, driven by an unprecedented debt-to-GDP ratio, are a looming concern for global markets, Temple added. While much of the focus remains on tariff policies, the bigger issue is China’s fragile economic position, with mounting challenges that require more nuanced strategies than punitive measures like tariffs.

If political tensions escalate — especially under a Trump presidency — market confidence could erode further as businesses look to exit China.

Resource nationalism, jurisdiction and green premiums

Resource nationalism is also seen playing a pivotal role in the uranium market next year.

As African nations like Niger and Mali look to reshape their domestic resource sectors, uranium projects in those jurisdictions will have a heightened risk profile.

“I think (jurisdiction) will be critical,” said Del Real. “I think it has been critical.”

He went on to underscore that with equities currently underperforming, using jurisdiction as a barometer is easier.

“The silver lining that I see as a stock picker and somebody that invests actively in the space, is that it’s so much easier for me to pick the companies that are in great jurisdictions when I’m getting a discount,’ said Del Real.

Africa is an area that Del Real would be cautious about due to a variety of risks, but moving forward supply from the continent is likely to become a key part of the long-term uranium narrative. According to data from the World Nuclear Association, Africa holds at least 20 percent of global uranium reserves.

For Temple, the scramble to secure fresh pounds could lead to a fractured market. “I think there’s going to be a bifurcation in the world, where eastern uranium is going to stay in the east. Western uranium is going to stay in the west. As we ramp back up and some of what’s in between, maybe including Africa, will get bid over,” he said.

Adding to this bifurcation could be a green premium on uranium produced using more sustainable methods such as in-situ recovery. This “green” uranium could demand a higher price than recovery methods that rely on sulfuric acid.

“There is more likely to be a green premium, and beyond a green premium it’s a matter simply of logistics and shipping costs and all of those things — and, of course, resource nationalism,’ said Temple.

He also pointed out that globalization is increasingly being reevaluated, with national security and environmental concerns driving a shift toward regional supply chains and localized production.

Even without recent tariff and trade disputes, the push to reduce dependency on global markets has been growing for years, fueled by legislation like the EU’s distance-based import taxes.

This trend suggests a premium on domestically produced goods and resources.

Experts call for triple-digit uranium prices in 2025

With so many tailwinds building for uranium, it’s no surprise that Del Real and Temple expect the price of the commodity to rise back into triple-digit territory sooner rather than later.

“I think that inevitably, the spot price is going to have some catching up to do with the enrichment prices, as well as the contract prices,” said Temple. “It’s a no-brainer that we get back in triple digits sooner rather than later in 2025, and ultimately I think you’re looking easily in the next few years at US$150 to US$200.”

He cited the rise of artificial intelligence data centers as one of the main price catalysts.

For Del Real, the spot price has found a new floor in the US$75 to US$80 range, with higher levels to come.

“I think we’ll finally be at triple digits in the uranium space,” he said. “(It didn’t take a lot of) time to get from US$20, US$30 to US$70, US$80 and then it was a real straight line past the US$100 mark into consolidation,” he said. “I think the utilities are going to start coming offline. And I absolutely see a sustainable triple-digit price in the uranium space for 2025.”

In terms of investments, both Temple and De Real expressed their fondness for UEC. Del Real also highlighted uranium exploration company URZ3 Energy (TSXV:URZ,OTCQB:NVDEF) as a junior with growth potential.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Troy Minerals Announces Private Placement

(TheNewswire)

TheNewswire – Troy Minerals Inc. (‘ Troy ‘ or the ‘ Company ‘ ) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) announces a private placement financing of up to 4,166,666 flow-through common shares (the ‘ Shares ‘) of the Company at a price of $0.24 per Share for gross proceeds of up to $1,000,000 (the ‘ Offering ‘).

Proceeds of the Offering will be used towards advancing the Company’s current mineral projects. Closing is expected to occur on or about December 24, 2024.

ON BEHALF OF THE BOARD,

Rana Vig | CEO and Director

Telephone: 604-218-4766 rana@ranavig.com

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes ‘forward-looking information’ under Canadian securities legislation. Forward-looking information includes, but is not limited to, the completion of the Offering, size of the Offering, and intended use of funds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘will’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Not for distribution in the U.S. or to U.S. Newswire services.

Copyright (c) 2024 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

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AI Market Forecast: Top Trends That Will Affect AI in 2025

The United Nations has designated 2025 as the year of quantum science and technology, highlighting the profound impact that technological advancements are poised to have on the world.

The increasing prevalence of artificial intelligence (AI) across a wide array of industries has spurred significant investment in the sector over the last two years as the world’s largest tech firms jump in. As AI continues to evolve, many investors are wondering if 2025 will be a pivotal year when these investments begin to show significant returns.

How will AI affect the stock market in 2025?

2024 was marked by concerns over the dominance and high valuations of the Magnificent 7, and heading into 2025, investors are keenly watching how these companies will influence the broader stock market.

Citigroup (NYSE:C) analysts have a generally positive outlook for 2025, noting that the Magnificent 7 aren’t trading at unprecedented valuations; rather, the other S&P 500 (INDEXSP:.INX) stocks are at a higher risk.

Essentially, the US stock market is priced for perfection, leaving it susceptible to a correction triggered by rising interest rates, disappointing earnings or a broader economic slowdown.

For its part, BNY asserts that the Magnificent 7 may actually be undervalued relative to their future growth potential. While acknowledging the record-high profit margins in the tech sector, the firm contends that valuations relative to the rest of the market are cheaper than during similar periods of technological advancement in history.

Further, the expectation of continued profit margin expansion and earnings growth fueled by ongoing AI innovation supports the notion of further upside potential for tech stocks.

AI juggernaut NVIDIA’s (NASDAQ:NVDA) sustained profitability underscores its dominant market position and ability to efficiently capitalize on the surging demand for its products.

Goldman Sachs (NYSE:GS) analysts believe the Magnificent 7 will continue to outperform the rest of the S&P 500 in 2025, but only by 7 percentage points, the lowest amount in seven years. The firm sees various elements, including macro factors like US growth and trade policy, favoring the ‘S&P 493.’

David Rosenberg, founder of independent research firm Rosenberg Research and Associates, expressed to the Globe and Mail on December 5 that he has shifted his perspective on the US stock market.

Rather than focusing on reasons for its overvaluation and bearish indicators, he aims to understand the underlying factors driving the market’s behavior over the past two years.

“The market is telling us that we are in a ‘Model Shift’ when it comes to future growth and profits,” he explained. “Traditional valuation methods, like price-to-earnings ratios, are backward-looking and may not be suitable in this environment. Investors are focused on long-term potential, particularly in areas like AI, and are willing to pay a premium for it. The current surge in AI might resemble the dot-com bubble, but it could take years to confirm.’

He added that interest rate cuts from the US Federal Reserve would support higher valuations.

BNY also points to historical data showing that an environment of easing monetary policy tends to coincide with economic growth, with an average of 16.5 percent growth in the year following initial rate cuts since 1984. It suggests that S&P 500 earnings growth will be between 10 to 15 percent in 2025, with the index reaching around 6,600 in 2025. Although this represents slower growth compared to 2024, it still indicates continued expansion.

While Rosenberg is mindful of near-term risks, such as weakness in the US labor market and the likelihood of profit-taking and early rebalancing, he emphasized the importance of keeping an open mind in 2025.

In his view, it’s key for investors to learn from the mistakes of the past year, such as overreacting to short-term volatility and underestimating the potential of transformative technologies.

Profitability in focus as AI improvement rate slows

While Big Tech pours billions into AI development, the question of profitability in 2025 hangs in the balance.

Google (NASDAQ:GOOGL) is prioritizing long-term AI dominance over short-term gains. The company’s aggressive AI spending is expected to continue in 2025, potentially impacting immediate revenue growth.

Similarly, Meta (NASDAQ:META) is heavily investing in AI, with a projected US$1 billion increase in capital expenditures for 2024. CFO Susan Li acknowledged in the company’s earnings call for Q3 of this year that both depreciation and operating expenses will grow next year as Meta expands its AI infrastructure and product line.

Overall, the AI landscape in 2025 hinges significantly on whether Big Tech can deliver on its ambitious promises, and recent commentary suggests that the rate of AI improvement may be slowing down. Several AI investors, founders and CEOs told TechCrunch in November that the focus may shift to efficiency and specialized AI solutions.

Test-time compute, which gives AI models more time to “think” before answering a question, emerged as part of the new era of scaling laws toward the end of 2024. Scaling laws are described by TechCrunch as the methods and expectations that labs have used to increase the capabilities of their models.

This development has fueled a growing belief — held by experts like Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman — that artificial general intelligence (AGI) may be closer than previously anticipated.

Beyond the evolution of scaling laws, Konstantine Buhler of Sequoia Capital told Bloomberg News that 2025 is poised to be a breakout year for AI agents. These sophisticated programs, capable of independently performing tasks and making decisions, have the potential to revolutionize how we interact with technology and automate complex processes.

While the transformative potential of AI spans countless industries, the scale and timing of substantial returns remain uncertain as we navigate this uncharted technological territory.

AI hardware and infrastructure developments to watch

Regardless of the exact timeline or nature of AGI’s arrival, one thing is certain: the race to develop and deploy advanced AI is driving an insatiable demand for powerful hardware, and key companies are stepping up.

“While the mega-cap cloud companies will capture a lot of future revenue opportunities for AI, they are still in spending mode right now. They’re spending heavily on semiconductors, data center infrastructure, and energy,” Nicholas Mersch, associate portfolio manager at Purpose Investments, wrote in a July market commentary note.

The buildout is ongoing, and Big Tech’s latest round of quarterly reports indicates no immediate slowdown in infrastructure spending. This dynamic positions key hardware players like Taiwan Semiconductor Manufacturing Company (NYSE:TSM), NVIDIA and Broadcom (NASDAQ:AVGO) for potentially stronger near-term returns.

For its part, Goldman Sachs predicts that investor focus will now shift from AI infrastructure to a wider “Phase 3” of AI application deployment and monetization. Companies of interest include software and services firms.

Lux Research highlights two primary models: the monopoly model and the ‘walled garden’ approach.

Companies like NVIDIA, Meta and Microsoft are pursuing a monopoly strategy, aiming to capture a large market share and maximize value extraction from a broad user base. Challenges include competition and pressure to keep prices low.

Companies can also adopt a ‘walled garden’ approach, similar to Apple’s (NASDAQ:AAPL) ecosystem, which prioritizes a smaller, more engaged user base. By providing premium features and exclusive content, companies can increase value generated per user. This model may face challenges in achieving the same level of scale as the monopoly model.

Investor takeaway

The outlook for the tech sector and the broader stock market in 2025 is cautiously optimistic.

AI is expected to continue playing a pivotal role, with the race for AI dominance fueling investments in infrastructure and innovation, and positioning key hardware and software players for potential gains.

However, the profitability of AI investments remains to be seen. Companies’ ability to adapt and capitalize on emerging opportunities will be crucial for sustained success in the dynamic landscape of 2025.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Gianni Kovacevic: 3 Copper Stocks for Speculators, Watch These Metals Under Trump

Investor and author Gianni Kovacevic shared his thoughts on copper market dynamics, saying that while the long-term trend is up, speculators can create significant shorter-term prices moves.

He also mentioned three copper companies he’s interested in right now: CopperNico Metals (TSX:COPR,OTCQB:CPPMF), Entree Resources (TSX:ETG,OTCQB:ERLFF) and Horizon Copper (TSXV:HCU,OTCQX:HNCUF).

In addition to copper, Kovacevic spoke about the growing opportunity he sees in lithium, highlighting how major miners like Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) are increasing their exposure to this important battery metal.

‘We are going to have a supply shortage. Not in the distant future — in the next 18 to 36 months it’ll be a front-page story, and it will be dovetailed with … oil and gas. And with that comes the oil and gas investor,’ he said.

Explaining his view, Kovacevic said oil and gas companies are becoming interested in direct lithium extraction.

Watch the interview above for more from Kovacevic on copper and lithium, as well as Donald Trump’s second term.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Starbucks union votes to authorize strike ahead of last scheduled bargaining session in 2024

Starbucks Workers United said Tuesday that 98% of union baristas have voted to authorize a strike as they seek a contract with the coffee giant.

Bargaining delegates are set to return to negotiations with Starbucks on Tuesday in the last scheduled session of the year with the goal of agreeing on a “foundational framework.” Starbucks and Workers United have spent hundreds of hours this year at the bargaining table, and both sides have put forward dozens of tentative agreements, the union said in a press release.

However, hundreds of unfair labor practice cases still have not been settled, and the union said Starbucks has not yet proposed a comprehensive package that would address barista pay and other benefits.

In a statement to CNBC, Starbucks disputed the union’s characterization and said the company remains committed to reaching a final framework agreement.

“It is disappointing that the union is considering a strike rather than focusing on what have been extremely productive negotiations. Since April we’ve scheduled and attended more than eight multi-day bargaining sessions where we’ve reached thirty meaningful agreements on dozens of topics Workers United delegates told us were important to them, including many economic issues,” the company said in the statement.

The strike authorization shows that relations between the two sides may again be cooling, after thawing in late February when both parties said they found a “constructive path forward” though mediation. Prior to that point, Starbucks had fought the union boom that swept across its company-owned locations for more than two years. The company’s attempts to curb the union movement led to backlash from some consumers and lawmakers, culminating with former CEO Howard Schultz testifying on Capitol Hill.

Starbucks CEO Brian Niccol, who joined the company in September, committed to bargaining in good faith in a letter addressed to the union in his first weeks on the job.

Niccol announced on Monday that the company would double its paid parental leave, starting in March. However, baristas will reportedly receive a smaller annual pay hike next year than they have in previous years, following a sales slump at its U.S. locations.

More than 500 company-owned Starbucks cafes have voted to unionize under Workers United since the first elections that took place in Buffalo three years ago.

This post appeared first on NBC NEWS

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Grubhub to pay $25M to settle charges that it misled diners and drivers about costs and pay

Grubhub will pay $25 million to settle charges it misled customers about the cost of their delivery and drivers about how much they could earn on the food-delivery platform.

The Federal Trade Commission and the attorney general for the state of Illinois accused Chicago-based Grubhub of engaging ‘in an array of unlawful practices’ designed to ‘deceive’ diners and workers alike about the cost of doing business on the platform.

The agencies said they had uncovered messages that demonstrated Grubhub’s allegedly illicit tactics, including an internal message from a former executive stating that the tactic of adding service fees in a way that was “misleading, eroding trust,” and “truly more expensive” for consumers.

The upshot was often a final price sometimes more than double what it originally advertised to a platform user, the agencies said.

Grubhub also allegedly engaged in false advertising to attract drivers, citing hourly pay rates ‘well above what drivers could realistically expect to earn,’ according to a release accompanying the civil complaint.

Finally, Grubhub falsely advertised restaurants on its platform that had not signed up with it. According to the complaint, Grubhub has, over the course of its existence, as many as 325,000 unaffiliated restaurants on its platform, the agencies said.

In addition to the settlement payment, Grubhub must also make changes to its platform that include telling consumers the full cost of delivery, honestly advertising pay for drivers, and only listing restaurants that have given their consent.

“Our investigation found that Grubhub tricked its customers, deceived its drivers, and unfairly damaged the reputation and revenues of restaurants that did not partner with Grubhub — all in order to drive scale and accelerate growth,” FTC Chair Lina M. Khan said in a statement.

“Today’s action holds Grubhub to account, putting an end to these illegal practices and securing nearly $25 million for the people cheated by Grubhub’s tactics. There is no ‘gig platform’ exemption to the laws on the books.”

In a statement, Grubhub acknowledged the settlement and said it would make changes to its operations, but denied the charges.

‘While we categorically deny the allegations made by the FTC, many of which are wrong, misleading or no longer applicable to our business, we believe settling this matter is in the best interest of Grubhub and allows us to move forward,’ it said.

The agencies had sought a $140 million judgment against the company, but reduced it to what Grubhub is able to pay, the agencies said. If Grubhub is found to have misrepresented its financial position, the full penalty will apply, they said.

Grubhub is set to be sold to Wonder Group, a food delivery and takeout service headed by Marc Lore, the former head of Walmart’s eCommerce unit.

This post appeared first on NBC NEWS

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Michael Vick headed back to college football as FCS coach

Norfolk State is hiring former NFL quarterback Michael Vick as head coach.

Vick confirmed the news Tuesday night on his verified Facebook account. The Virginian-Pilot was the first to report the news.

Vick, 44, played collegiately for Virginia Tech and then was taken No. 1 overall by the Atlanta Falcons in the 2001 NFL draft. He also played for the Philadelphia Eagles, New York Jets and Pittsburgh Steelers in his professional career.

The decision to tap Vick, who has been an NFL analyst for Fox Sports since 2017, is a major gamble for Norfolk State, located near his hometown of Newport News, Virginia. Vick has never coached on any level of competition. He was also in contention for the opening at Sacramento State, according to reports.

But prior experience has become less and less of a dealbreaker for programs looking for the immediate spark provided by a big-name hire. Most famously, Jackson State hired Deion Sanders despite his lack of college coaching experience and went 27-6 over three seasons before Sanders left for the same position at Colorado.

One of the most unforgettable quarterbacks in modern college football history, Vick redshirted his first season before taking the sport by storm in his two seasons as Virginia Tech’s starter. Despite his underwhelming numbers by current standards – a combined 21 passing touchdowns, 17 rushing scores and 4,495 yards of total offense – Vick transformed the position with an unmatched blend of speed, power, explosiveness and athleticism.

After finishing third in the Heisman Trophy voting as a redshirt freshman and leading the Hokies to the Bowl Championship Series title game in 1999, Vick declared for the 2001 NFL draft after his sophomore year and became the first Black quarterback to be taken first overall.

He made the Pro Bowl three times in Atlanta, finished second in the MVP voting in 2004 and set numerous franchise and NFL records. In 2006, Vick became the first quarterback to run for 1,000 yards and averaged a record 8.4 yards per carry.

But his career disintegrated shortly thereafter. In August 2007, Vick pleaded guilty to his part in a dogfighting ring and was sentenced to just under two years in federal prison. He was suspended indefinitely by the NFL.

Vick signed with the Philadelphia Eagles upon his release from prison in 2009. He was the Eagles’ primary starter from 2010-12, earning Pro Bowl honors in 2010 after throwing for 3,018 yards and a career-high 21 touchdowns. His last season was with the Pittsburgh Steelers in 2015.

This post appeared first on USA TODAY

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Frisco Bowl highlights: Memphis beats West Virginia in shootout

There was scoring left and right, but it was Memphis that emerged as the winners of the 2024 Frisco Bowl, beating West Virginia 42-37 in a highlight-filled game.

Memphis started the game hot with 17-straight points to start the night, and it paved the way for the victory as West Virginia was forced to play catch-up. While the Mountaineers were able to pick it up, the Tigers made sure to respond each time and kept West Virginia from pulling off the comeback. West Virginia had a chance to take the lead late, but a Memphis interception sealed it.

Both sides combined for 1,008 total yards.

Quarterback Seth Henigan has stayed at Memphis the past four seasons, breaking plenty of school records and helping the Tigers become a contender in the American Athletic Conference. He ended his college career in great fashion with 294 yards on 18-for-26 passing and 54 yards on the ground in his 50th start.

There were hopes of being the Group of Five representative in the College Football Playoff, and while it didn’t happen, Memphis still finished with 11 wins – its most since 2019 – and has back-to-back 10-win seasons for the first time in school history.

On the other side, West Virginia finishes the season 6-7 and will begin its preparations for Rich Rodriguez’s second stint in Morgantown.

Memphis comes up with late interception for the win

Memphis almost gave West Virginia a last-second chance, but video review seals it for the Tigers.

With 17 seconds left and at the Memphis 37-yard line, West Virginia’s Garrett Greene threw a pass that was intercepted by Memphis’ Elijah Herring. However, instead of going immediately down, Herring ran around a bit, and just as he was going down, the ball was punched out of his hands and recovered by the Mountaineers.

The play went to video review, and officials determined Herring slid, giving himself up, before the ball came out, meaning Memphis held on to the ball. The Tigers then took a knee to finish the game.

Memphis 42, West Virginia 37: Mountaineers stay alive

With under five minutes to go, West Virginia isn’t done yet.

Needing a touchdown, West Virginia went 75 yards on 12 plays in six-and-a-half minutes to make it a one-score game again. C.J. Donaldson Jr. had another 1-yard run to punch it in for the touchdown, his second score of the day. The running back has 22 carries for 83 yards and two catches for 11 yards. Now the Mountaineers need to get a stop in order to keep the chance of winning alive.

Memphis 42, West Virginia 30: Big catch sets up touchdown

A long pass helped set up a Memphis touchdown and pushes the lead back to two scores.

On the first play following West Virginia’s touchdown, Seth Henigan found Demeer Blankumsee on the go route and he stumbled just outside of the goal line for an 89-yard strike. On the next play, Brandon Thomas punched it in for the touchdown.

Memphis 35, West Virginia 30: Mountaineers score on fourth down

West Virginia needed to convert a fourth down play, and it resulted in six points.

After starting at their own 10-yard line, the Mountaineers went down the field and got all the way inside the Memphis 5-yard line. On third-and-goal, a completed pass ended right at the 1-yard line and the Mountaineers were faced with a decision. The offense stayed on the field, and it was a success with C.J. Donaldson Jr. just getting over the goal line. It’s now a one-score game in Frisco.

End of third quarter: Memphis 35, West Virginia 23

It remains a double-digit lead for Memphis heading into the final quarter.

West Virginia has had to play catch-up for much of the game, and the defense finally made a stop in the third quarter to force a punt. The Mountaineers will start the fourth quarter with the ball and will try to claw back in this one.

Memphis 35, West Virginia 23: Mountaineers respond with own score

The West Virginia offense is doing all it can to stay in the game with its own touchdown on its first possession of the second half. It was a methodical drive down the field with Garrett Greene finding Hudson Clement in the end zone for the receiver’s second touchdown on the night. The extra point was no good after the Mountaineers kicking unit couldn’t get the snap down.

Memphis 35, West Virginia 17: Tigers score out of halftime

The offense has picked up right where it left off with Memphis getting right back in the end zone to start the third quarter. The Tigers went 75 yards on eight plays to extend the lead, punctuated with a 3-yard run by Mario Anderson.

Halftime: Memphis 28, West Virginia 17

It was all offense in the second quarter for both sides with 35 combined points scored in the frame and Memphis holding an 11-point lead.

The Tigers got out to a fast start with a 17-0 lead, but West Virginia’s offense woke up midway through the second quarter and wasted no time cutting the deficit. West Virginia kicker Michael Hayes made an 46-yard field goal as time expired in the first half.

Both teams combined for 503 total yards in the first half and Memphis will get the ball out of halftime.

Memphis 28, West Virginia 14: Tigers add score, two-point conversion just before halftime

Offense can’t be stopped in Frisco. Memphis responded with a quick touchdown before halftime to give it a two-touchdown lead just before the break.

The Tigers moved 75 yards in five plays and 47 seconds to add its second touchdown of the second quarter. Seth Henigan found Demeer Blankumsee in the corner of the endzone for an 18-yard touchdown pass, and the two Tigers connected again on the two-point conversion.

Memphis 20, West Virginia 14: Garrett Greene scrambles for 56-yard touchdown

When no one was open, Garrett Greene decided to take it to the house.

The Mountaineers quarterback scrambled to the right and turned on the jets on the way to the endzone to close the deficit to six points. It’s the 28th career touchdown for Greene, and the longest rushing touchdown for West Virginia this season.

Memphis 20, West Virginia 7: Tigers add another field goal

Kicker Tristian Vandenberg knocked in his second field goal of the night with a 42-yard kick through the uprights.

Memphis 17, West Virginia 7: Incredible catch gets Mountaineers on the board

Hudson Clement extended as far as he could to haul in a spectacular catch in the endzone and get West Virginia back in the game. The sophomore receiver was able to haul the catch and get a leg in bounds before stepping out.

Memphis 17, West Virginia 0: Big run extends lead

All Memphis needed was one play on the drive to strengthen its lead as Greg Desrosiers Jr. took it 46 yards to the house to make it a three-score game.

Memphis 10, West Virginia 0: Tigers take advantage of turnover

Memphis made it a two-score lead to open the second quarter with a 34-yard field goal from Tristian Vandenberg. The score came off a West Virginia fumble.

End of first quarter: Memphis 7, West Virginia 0

So far it’s been all Memphis after 15 minutes as the West Virginia offense has struggled to do much early.

The Mountaineers have generated just 28 yards of offense and just one first down in three drives. They gave Memphis good field position midway through the first frame that led to a Tigers touchdown. On the following drive, West Virginia’s C.J. Donaldson Jr. fumbled the ball that set Memphis up on the Mountaineers’ side of the field.

Memphis 7, West Virginia 0: Tigers score first

Memphis took advantage of good field position to get in the end zone for the first score of the game.

It was a mixture of the run and the pass that helped Memphis go 45 yards down the field, with quarterback Seth Henigan coming up big on a third down play with a 23-yard scramble to get inside the 5. On the next play, Henigan dumped it off to Mario Anderson Jr. and the running back leaped across the goal line for a 4-yard touchdown pass.

When is the Frisco Bowl between Memphis and West Virginia?

The kickoff for the Scooter’s Coffee Frisco Bowl game between the No. 23 Memphis Tigers and the West Virginia Mountaineers at Toyota Stadium in Frisco, Texas, is Tuesday at 9 p.m. ET.

How to watch Memphis and West Virginia in the Frisco Bowl

The Scooter’s Coffee Frisco Bowl game between the No. 23 Memphis Tigers and the West Virginia Mountaineers will be televised nationally on ESPN.

Live streaming is available on Fubo, which has a free trial.

Catch Memphis and West Virginia in the Frisco Bowl with Fubo

Memphis vs. West Virginia odds, line

The Memphis Tigers are the favorites to defeat the West Virginia Mountaineers in the Frisco Bowl, according to the BetMGM college football odds on Tuesday afternoon.

  • Spread: Memphis (-5) 
  • Moneyline: Memphis (-210); West Virginia (+170) 
  • Over/under: 59.5

Memphis vs. West Virginia: Frisco Bowl predictions

USA TODAY: Memphis a heavy favorite

  • Scooby Axon: Memphis
  • Jordan Mendoza: Memphis
  • Paul Myerberg: West Virgina
  • Erick Smith: Memphis
  • Eddie Timanus: Memphis
  • Dan Wolken: Memphis

Reed Wallach, Sports Illustrated: Memphis to win

Wallach writes, ‘The Tigers defense has been vulnerable at times, especially against big plays with an explosive rush and pass rate outside the top 100, but the team can feast on Greene’s shaky decision making. In a game that is being lined as a coin flip, there are plenty of reasons to side with the small favorite to cap its season with a win.’

Adam Burke, VSiN: Memphis (-5)

Burke writes, ‘The Tigers defense has given up a lot of points this season, but West Virginia doesn’t have the tempo or the potency of an AAC offense. QB Garrett Greene had a 13/11 TD/INT ratio and the Tigers were tied for ninth with 24 takeaways. They are also an opportunistic defense with 14 fumble recoveries. WVU only lost four fumbles during the season. But, as a defense, they only had 11 takeaways, so Memphis may very well carry the edge in the turnover margin department.’

The Athletic: Memphis to win

The Athletic’s team unanimously picked Memphis to win, one of only six unanimous predictions, alongside Notre Dame to beat Indiana, James Madison to beat Western Kentucky, Pitt to beat Toledo, Kansas State to beat Rutgers, and Syracuse to beat Washington State.

Clutch Points: Memphis

Nate Duffett writes, ‘Memphis’ explosive offense should be too much for West Virginia in this game. We mentioned that when the Mountaineers lost, they lost big, which could be bad news when facing the Tigers’ offense. Take Memphis to blow this game open with their passing game and hold on for a convincing victory, which they have been doing all season.’

Bowl game schedule

There are 46 games on the college football postseason schedule this season, with the expansion of the College Football Playoff adding to the intrigue of bowl season. The Salute to Veterans Bowl between South Alabama and Western Michigan kicked off the action on Dec. 14, and it all comes to a conclusion 37 days later at the CFP national championship game. USA TODAY Sports has you covered with a complete schedule for every bowl game coming up on the calendar. — Mark Giannotto

USA Today college football bowl schedule

Memphis vs. West Virginia all-time record 

Tuesday’s Frisco Bowl marks the first time that the Memphis Tigers and the West Virginia Mountaineers have faced off in their respective programs’ histories.

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Bucks take down West-best Thunder to win NBA Cup: Highlights

Given the style of play in today’s NBA, 3-pointers are a necessity. In Tuesday’s NBA Cup final, the Milwaukee Bucks made them and the Oklahoma City Thunder did not.

It also helps to have two-time MVP Giannis Antetokounmpo on your side.

The Bucks captured the NBA Cup championship with a 97-81 victory against the Thunder, capitalizing on 3-pointers, a triple-double from Antetokounmpo (26 points, 19 rebounds and 10 assists) and 23 points from Damian Lillard.

The Bucks outscored the Thunder 51-15 on 3-pointers, with Milwaukee shooting 42.5% from 3 (17-for-40), and the Thunder making just five of their 32 3-point attempts (15.6%). It’s about impossible to win a game in today’s NBA with that discrepancy.

‘It’s the best feeling ever, just winning,’ Antetokounmpo said. ‘Winning feels good. Playing big games, feels good when you’re able to come to the game and execute your game plan, and then the outcome is exactly what you want it to be.’

Brook Lopez had 13 points and nine rebounds, and Gary Trent Jr. also added 13 points off the bench for the Bucks.

While this game does not count in the standings, the Bucks have rebounded from a 2-8 start and have won 13 of their past 16 games.

Shai Gilgeous-Alexander led the Thunder with 21 points but was just 8-for-24 from the field and 2-for-9 on 3s.

Bucks vs. Thunder highlights

Giannis Antetokounmpo named NBA Cup MVP

Antetokounmpo earned NBA Cup MVP. In six Cup games, he averaged 30.5 points, 10.2 rebounds, 7.7 assists, 2.8 blocks and 1.2 steals and shot 66.7% from the field. 

Bucks lift NBA Cup

Final: Bucks 97, Thunder 81. Milwaukee wins NBA Cup

Triple-double for Giannis Antetokounmpo

Giannis Antetokounmpo’s assist late in the fourth quarter gave him a triple-double with 26 points, 19 rebounds and 10 assists – plus three blocks and two steals as Milwaukee closed in on the NBA Cup title.

Bucks extend lead early in fourth

The Thunder need a big fourth-quarter comeback. Milwaukee’s quick 6-2 start to the fourth quarter on 3-pointers by Gary Trent Jr. and Brook Lopez has extended its lead to 83-66 with 10:01 left in the fourth.

Bucks take double-digit lead into fourth quarter: Bucks 77, Thunder 64

Milwaukee’s Giannis Antetokounmpo is two assists from a triple-double, and the Bucks are 12 minutes from winning the NBA Cup.

They have a 77-64 lead against Oklahoma City after three quarters as Antetokounmpo has 26 points, 15 rebounds, eight assists, two steals and one block, and teammate Damian Lillard has 20 points. They are the only two Bucks players in double figures, but five other Milwaukee players have at least five points.

Shai Gilgeous-Alexander has a team-high 19 points, and Jalen Williams and Isaiah Hartenstein each have 14 points for the Thunder. However, Oklahoma City remains hampered by poor 3-point shooting – just 3-for-24 on 3s and it’s been outscored 33-9 on 3s. It’s hard to win a high-level game shooting 12.5% from deep.

Quick timeout for OKC early in third quarter

Thunder coach Mark Daigneault did not like his team’s start to the third quarter and called a timeout 2 minutes, 6 seconds into the third with the Bucks ahead 59-53. Giannis Antetokounmpo is moving closer to that triple-double: he has 16 points, eight rebounds and seven assists. Damian Lillard is up to 15 points after making a 3-pointer.

Halftime: Bucks 51, Thunder 50

Giannis Antetokounmpo and Damian Lillard make the Bucks go – and they have Milwaukee halfway to an NBA Cup title. Milwaukee took a 51-50 lead into halftime, buoyed by Antetokounmpo’s 14 points, six rebounds and five assists (triple-double watch) and Lillard’s 12 points, four assists and three rebounds. The Bucks have 14 assists on 19 made field goals – ball movement is leading to good shots.

Oklahoma City was just 1-for-17 on 3-pointers and was outscored by the Bucks 21-3 from that distance. Isaiah Hartenstein has a team-high 14 points for the Thunder. Jalen Williams had 11 points, and Shai Gilgeous-Alexander 10 for OKC in the first half. Gilgeous-Alexander is just 4-for-13 from the field, including 1-for-5 on 3s.

Andre Jackson Jr., Isaiah Hartenstein hit with technical fouls as tempers flare

Milwaukee’s Andre Jackson Jr. and Oklahoma City’s Isaiah Hartenstein were issued technical fouls for a brief altercation that occurred with 1:56 left in the second quarter.

It appeared Jackson gave Thunder All-Star Shai Gilgeous-Alexander a little shove on a Gilgeous-Alexander field goal attempt. On the next possession, Hartenstein and Jackson exchanged words and had to be separated. After an altercation review by referees, both were given technical fouls. 

Thunder remain out in front

Isaiah Hartenstein (12 points), Shai Gilgeous-Alexander (10 points) and Jalen Williams (eight points) have combined for 30 points as the Thunder are up 41-37 against the Bucks with 6:15 left in the second quarter. Damian Lillard leads the Bucks with 12 points. Milwaukee has outscored Oklahoma City 21-3 on 3-pointers, but OKC is shooting 69.6% on shots inside the 3-point line while Milwaukee is just 5-for-16 on 2-pointers.

End of first quarter: Thunder 28, Bucks 27

In a first quarter that had six lead changes, the Thunder grabbed a 28-27 lead after the opening 12 minutes. Shai Gilgeous-Alexander and Isaiah Hartenstein each had 10 points for the Thunder, and Gilgeous-Alexander also had two rebounds and two assists.

The potent 1-2 punch of Giannis Antetokounmpo and Damian Lillard combined for 13 of Milwaukee’s 27 points, and the Bucks went 5-for-9 from 3-point range to stay close.

OKC shot 57.1% from the field (but just 1-for-6 on 3s) in the first quarter, and Milwaukee was 9-for-20 from the field.

3-ball working for Bucks

Even though the Thunder are 10-for-17 shooting from the field, they are 0-for-4 on 3-pointers. Meanwhile, the Bucks are shooing 46.7% from the field but have made four of their seven 3-pointers and own a 22-20 lead with 3:25 left in the first quarter. Taurean Prince, Brook Lopez, Bobby Portis and Damian Lillard have made 3s for Milwaukee.

Strong starts for Isaiah Hartenstein, Jalen Williams

Thunder center Isaiah Hartenstein, one of the savvy offseason acquisitions, had six points (3-for-3 shooting) and two rebounds in the first three minutes, and teammate Jalen Williams, who is making a case for his first All-Star appearance, has four points, one rebound, one assist, one steal and one block as the Thunder own an early 16-9 lead, forcing a Milwaukee timeout with 7:30 left in the first quarter.

No Khris Middleton for Bucks

Milwaukee small forward Khris Middleton, who played in his first game this season on Dec. 6, is out with a non-COVID illness.

NBA Cup final features two MVP candidates

Milwaukee’s Giannis Antetokounmpo has won two MVPs. Oklahoma City’s Shai Gilgeous-Alexander finished second last season to Denver’s Nikola Jokic, who won his third MVP in four seasons.

They are among the leading candidates for the 2024-25 MVP two months into the season, and Antetokounmpo’s Bucks play Gilgeous-Alexander’s Thunder in the NBA Cup final.

The Bucks are hot after a 2-8 start and have won 12 of their past 15 games, and Antetokounmpo is leading the way. He is the NBA’s top scorer at 32.7 points per game and averages 11.5 rebounds, 6.1 assists and 1.6 blocks and shoots 61.4%, which would be a career high if he maintains that percentage. If the Bucks continue to win and vault into the top four in the Eastern Conference by season’s end (they are in sixth place right now), Antetokounmpo will have a great case for his third MVP.

Gilgeous-Alexander averages 30.3 points, 6.3 assists, 5.5 rebounds and 1.9 steals and shoots 51% from the field, 34% on 3s and 86.4% on free throws – and the Thunder are atop the West at 20-5. Just two players (Gilgeous-Alexander and Jokic) average at least 30 points, 6.0 assists, 5.0 rebounds and 1.5 steals this season. A 60-win season with those stats might give Gilgeous-Alexander his first MVP.

NBA Cup final predictions

  • Jeff Zillgitt, USA TODAY: Thunder 112, Bucks 100
  • Lorenzo Reyes, USA TODAY: Thunder 108, Bucks 101
  • James Williams, USA TODAY: Thunder 100, Bucks 98

NBA Cup prize money

Here is the NBA Cup prize money for players in 2024: 

  • Players on losing quarterfinals teams: $51,497
  • Players on losing semifinals teams: $102,994
  • Players on losing team in championship game: $205,988
  • Players on winning team in NBA Cup championship game: $514,970

Why did the NBA Cup prize money increase?

The prize money increased because the players and the league agreed on it in the 2023 collective bargaining agreement as it relates to basketball-related income.

Following the first season of the NBA Cup in 2023, according to the CBA, prize money will increase ‘for each subsequent Salary Cap Year: (A) for each IST Player on the Team that wins the IST Finals Game, an amount equal to $500,000 multiplied by the ‘BRI Growth Factor’ for such Salary Cap Year; (B) for each IST Player on the Team that loses the IST Finals Game, an amount equal to $200,000 multiplied by the BRI Growth Factor for such Salary Cap Year; (C) for each IST Player on a Team that loses an IST Semifinals game, $100,000 multiplied by the BRI Growth Factor for such Salary Cap Year; and (D) for each IST Player on a Team that loses an IST Quarterfinals game, $50,000 multiplied by the BRI Growth Factor for such Salary Cap Year.’

What is BRI growth factor? According to the CBA, ‘the BRI Growth Factor for a Salary Cap Year is a fraction, the numerator of which is BRI for the immediately preceding Salary Cap Year and the denominator of which is BRI for the 2022-23 Salary Cap Year; provided, however, that the NBA and Players Association may agree to reduce the BRI Growth Factor for one (1) or more Salary Cap Years to a smaller fraction with value of no less than one (1).’

In simpler terms, the prize money is about a 3% increase season over season.

What time is the NBA Cup final?

The NBA Cup final tips off at 8:30 p.m. ET on Tuesday.

How to watch the NBA Cup final

Tuesday’s NBA Cup final is at 8:30 p.m. ET on ABC and can be streamed on Fubo.

Where is the NBA Cup final?

Tuesday’s final is being played at T-Mobile Arena in Las Vegas.

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