Investors pitch new international basketball league that would offer players equity

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  Maverick Carter advising investors trying to form $5 billion international basketball league, per report

  LeBron James' business partner wants to create a league of six men's and six women's teams
  
  CBS Sports - 1h

• 'Built by basketball players for basketball people': Unrivaled's 3-on-3 league tips off Friday

  What are the rules for the new 3-on-3 league? How were the rosters built? We have all the details on the eight-week season.
  
  ESPN - 1h
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  Pitching Investors? Use These 5 Strategies to Sell Your Idea

  The key to selling an idea lies in crafting a truly convincing argument.
  
  Inc. - 5h

• What do bond yields mean for equity investors?

  Some stocks avoid ripples in the fixed income market
  
  Financial Times - 8h

• Bond funds are offering a ‘double whammy’ for investors

  Many of these funds are trading at deep discounts and may have tempting distribution yields
  
  MarketWatch - 6h

• China rushes to reassure investors as equities and renminbi fall

  CSI 300 down 4.2% this year and currency slides to 15-month low as Donald Trump’s return weighs on markets
  
  Financial Times - Jan. 6

• Amorim: United players are 'afraid on the pitch'

  Ruben Amorim has admitted Manchester United's poor form has left his players "afraid on the pitch" ahead of their daunting trip to Liverpool on Sunday.
  
  ESPN - Jan. 5
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  An Ivy League football player, a cook, a mother: the victims of the New Year’s Day attack in New Orleans

  Those who died on Bourbon Street had gathered to celebrate the new year and were locals, tourists, students and parents. University students. Parents and other people pursuing careers. A former ...
  
  The Guardian - Jan. 5

• South Korean investors pile into US equities as domestic stock market languishes

  Retail investors expect Trump rally to continue and Tesla is a favourite with Musk praising country’s ‘smart people’
  
  Financial Times - Jan. 2

More from CNBC

• These five Republicans are ready to derail Trump's tax cuts over the SALT cap

  President-elect Donald Trump's signature tax cut bill could hinge on a House Republican fight over state and local tax deductions.
  
  CNBC - 1h

• Fed Governor Waller sees potential for multiple interest rate cuts in 2025

  In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.
  
  CNBC - 1h

• EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024

  CNBC - 4h

• Bank of America tops estimates on better-than-expected investment banking, interest income

  The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.
  
  CNBC - 5h

• American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim

  The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.
  
  CNBC - 56m

More in Business

• CDC upgrades its advisory on bird flu. Will Moderna’s stock get a boost?

  CDC officials say medical professionals are seeing more patients whose illness cannot be traced back to an infected animal or bird.
  
  MarketWatch - 10m

• Is Trump’s bitcoin embrace the biggest ‘pump-and-dump’ ever?

  The U.S. government buying bitcoin at inflated prices would do nothing to pay off America’s debt.
  
  MarketWatch - 13m
• 

  Meatpacking Companies to Pay $8 Million for U.S. Child Labor Violations

  Perdue Farms and JBS have settled with the Labor Department after relying on migrant children to do dangerous work in their slaughterhouses. Most of the money will be used to help the children.
  
  The New York Times - 19m

• Apple slides on disappointing iPhone data in China. Here's why we're not panicking

  Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
  
  CNBC - 22m

• Trump and Biden may agree on stopping TikTok ban as transition draws near

  President Joe Biden’s administration and the incoming Trump administration both appear to be looking into preventing a potential U.S. ban on TikTok that could start Sunday.
  
  MarketWatch - 22m