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Basketball fans will be keeping their eye on New York tonight for the first round of the 2025 NBA draft at Barclays Center, home of the Brooklyn Nets, with an 8 p.m. ET tip-off in Brooklyn. Round two takes place tomorrow, Thursday, June 26, at the same time and same place. There will be a total of 59 picks this year, and fans will be watching tonight to see if the Duke Blue Devils’ Cooper Flagg will be going to the Dallas Mavericks, who have the No. 1 pick in the NBA draft. The draft also has a number of excellent shooters, led by two freshmen: Tre Johnson of the Texas Longhorns and Duke’s Kon Knueppel. It also has some excellent “3 and D” prospects, or those who excel at both three-pointers and defense: Arizona Wildcats’ Carter Bryant, Saint Joseph’s Hawks’ Rasheer Fleming, and Washington State Cougars’ Cedric Coward. Here’s a look at the order of selections for tonight’s first round of the NBA draft. First Round Dallas Mavericks San Antonio Spurs Philadelphia 76ers Charlotte Hornets Utah Jazz Washington Wizards New Orleans Pelicans Brooklyn Nets Toronto Raptors Houston Rockets (Reportedly traded to Phoenix) Portland Trail Blazers Chicago Bulls Atlanta Hawks San Antonio Oklahoma City Thunder Memphis Grizzlies Minnesota Timberwolves Washington Brooklyn Miami Heat Utah Atlanta (Reportedly traded to Brooklyn) New Orleans Oklahoma City Orlando Magic Brooklyn Brooklyn Boston Celtics Phoenix Suns Los Angeles Clippers NBA Draft 2025: Why only 59 picks? Instead of the usual 60 picks, this year there are only 59. Why? Blame it on the New York Knicks, who were denied their second-round pick as a result of talking to Jalen Brunson before free agency discussions were allowed in 2022, The New York Times reported. (Brunson went on become the Knicks’ best player, averaging 26 points and 7.3 assists per game, according to ESPN.) How can I watch or stream the NBA Draft live? In the United States, the NBA draft 2025 will air live on ABC and ESPN. ABC is available for traditional cable viewers and free with an over-the-air antenna. Cable subscribers can also watch ABC live through the ABC website and via its mobile apps. Cord-cutters also have the option to stream ABC on a live-TV streaming service that offers the network as part of a bundle, including Fubo, YouTube TV, or Hulu + Live TV. The 2025 NBA draft can also be accessed on SiriusXM, ESPN Radio, ESPN Deportes, and the ESPN app.
Category:
E-Commerce
U.S. stocks are hanging near their all-time high on Wednesday as financial markets catch a breath following two big days bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil. The S&P 500 was mostly unchanged in afternoon trading and sitting just 0.9% below its all-time high. The Dow Jones Industrial Average was down 121 points, or 0.3%, as of 12:52 p.m. Eastern time, and the Nasdaq composite was 0.2% higher. In the oil market, which has been the center of much of this weeks action, crude prices stabilized after plunging by roughly $10 per barrel in the last two days. Benchmark U.S. crude rose 2.2% to $65.79 per barrel, though it still remains below where it was before the fighting between Israel and Iran broke out nearly two weeks ago. A fragile ceasefire between the two countries appears to be holding, at least for the moment. On Wall Street, companies involved in the cryptocurrency industry rose as the price of bitcoin continued to steam ahead with investors willing to take on more risk. Coinbase Global, the crypto exchange, climbed 1.2%, and Robinhood Markets gained 0.4% as bitcoin topped $107,000. QuantumScape jumped 31.5% after announcing a breakthrough in its process for making solid-state batteries. Solid state battery technology promises to improve electric vehicle range, decrease charging times and minimize the risk of battery fires. But they are expensive to research and difficult to manufacture at a large scale, giving them a reputation for being a Holy Grail for battery engineers all over the world. They helped offset a 2% drop for FedEx. It reported stronger profit and revenue for the latest quarter than analysts expected, but it gave a forecast for profit in the current quarter that fell short of expectations. General Mills, the company behind Pillsbury and Progresso soups, fell 4.1% after reporting weaker revenue for the latest quarter than analysts expected, though its profit topped forecasts. It also said an underlying measure of profits could fall by 10% to 15% this upcoming fiscal year. In the bond market, Treasury yields were holding relatively steady, and the yield on the 10-year Treasury rose to 4.31% from 4.30% late Tuesday. Yields had dropped a day before after the chair of the Federal Reserve said it is waiting for the right moment to resume cutting interest rates. By lowering rates, the Fed could help give the economy a boost, but it could also offer additional fuel for inflation. Fed Chair Jerome Powell told a House of Representatives committee on Tuesday that he wants to wait and see how President Donald Trumps tariffs affect the economy and inflation before committing to its next move. Powell echoed many of the same statements in testimony before a Senate committee on Wednesday and said, For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance. In stock markets abroad, indexes fell modestly in Europe after rising across much of Asia. Stocks jumped 1.2% in Hong Kong and 1% in Shanghai for two of the larger moves. The world can now move on to face other difficult choices like tariffs and things like that, said Frances Lun, CEO of GEO Securities in Hong Kong. So I think the market is well on its way to rebound and could again reach new levels. Stan Choe, AP business writer AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
Category:
E-Commerce
Bumble is cutting a third of its workforce, the latest sign that all is not well in the business of online dating. The company informed its staff of the layoffs in a letter from founder and CEO Whitney Wolfe Herd on Wednesday, describing the company and the dating industry as reaching an inflection point. In recent months, weve been rebuildingreturning to what makes us trusted, unique, and deeply human, Wolfe Herd wrote. But intentional rebuilding requires hard decisions. Bumbles workforce reduction will affect 240 positions, reducing the companys head count by 30%. In a Securities and Exchange Commission filing, Bumble said that it expects the layoffs to save $40 million annuallycash that it plans to reinvest into product and technology development. The company expects to pay between $13 and $18 million in costs related to the layoffs in the third and fourth quarters of the year. On Wednesday, Bumbles shares rose more than 20% on news of the layoffs and were trading around $6.26 at the time of writing. The reality is, we need to take decisive action to restructure to build a company thats resilient, intentional, and ready for the next decade, Wolfe Herd wrote. We have reset our strategy and are going back to a startup mentalityrooted in an ownership mindset and team structures designed for faster, more meaningful execution. Wolfe Herd left her role as Bumbles CEO at the beginning of 2024, with former Slack CEO Lidiane Jones stepping in to lead the company. In March of this year, Jones resigned for personal reasons, and Wolfe Herd again took the helm of the company she founded in 2014 after cofounding Tindernow Bumbles main rival. Dating app decline Bumble, which has historically put women in the drivers seat of the online dating experience, has struggled to find its footing in a post-pandemic online dating world where many former users feel burned out by the churn of dating apps. The company isnt alone in that struggledating giant Match Group announced its own major layoffs last monthbut Bumble has resorted to altering its own DNA to adapt to a changing landscape for users looking for love. Last year, Bumble announced that men on its app would be allowed to message women first, a huge change for a dating system thats prided itself on letting women make the initial move. The feature, called Opening Moves, let women set prompts on their profiles that men could choose to respond to. The gamble doesnt appear to have made a lasting impact on Bumbles bottom line, and the companys stock continued to slide into 2025. Bumble first went public in 2021 with its buzzy stock debuting at more than $70 a sharea distant memory from the stocks recent single digit values. Bumbles woes are shared by Match Group, its biggest rival, which owns Tinder, OkCupid, Hinge, and a deep roster of other niche and general interest dating apps. The two competitors, which together account for nearly all of the online dating market share, lost more than $40 billion combined between 2021 and 2024. Online dating is a strange business in some ways. While hookup apps like Grindr might beg to differ, a successful dating app interaction could result in both users leaving the app for a long stretch, or even forever. That intrinsic paradox is a tricky business to begin with, but the more dire existential threat might be that neither Match Group nor Bumble can seem to crack the code of Gen Zs dating habits. So far, that emerging cohort of eligible singles isnt very interested in paying for a subscription on a dating app and, worse yet, might be looking for love IRL, of all places.
Category:
E-Commerce
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