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Among the biggest moves in the leadup was the Boston Bruins and No. 1 goalie Jeremy Swayman reaching an eight-year, $66 million contract a day earlier and ending an impasse that looked like it could stretch into the season.

Transactions are continuing during the regular season as teams build toward a Stanley Cup or make moves for their long-term future. There are key dates to watch: the holiday roster freeze in December, the league’s break for the 4 Nations Face-Off in February and the trade deadline in early March.

Follow along here this season for signings, trades, transactions and other news from the NHL:

Oct. 10: Hurricanes-Lightning game postponed because of Milton

Saturday’s game between the Carolina Hurricanes and Tampa Bay Lightning has been postponed as the Tampa Bay area recovers from Hurricane Milton. The league said a makeup date would be announced as soon as it can be confirmed.

The Lightning are playing their season opener in Carolina on Friday. Saturday’s game was to be the start of a three-game homestand (also Tuesday and Thursday).

Amalie Arena got through the storm fine, though Tropicana Field, home of MLB’s Tampa Bay Rays in St. Petersburg, Florida, suffered major damage to its roof.

Oct. 10: Blue Jackets captain Boone Jenner has surgery

Jenner had shoulder surgery to repair an injury he suffered during training camp and could miss up to six months.

‘Our hope is he can return before the end of the season,’ said Columbus Blue Jackets general manager Waddell. ‘His loss will be felt by our club, but we have a strong leadership group in place and players will be given an opportunity to take on greater roles on and off the ice.’

Boone, who finished second on the Blue Jackets last season with 22 goals and is the franchise leader in games played, has been the team’s captain since 2021-22.

Oct. 9: Linus Ullmark, Joey Daccord get contract extensions

Ullmark, who won the Vezina Trophy with the Bruins in 2022-03, was traded to the Ottawa Senators this offseason so Boston had the room to re-sign Swayman. Ullmark will get four years, $33 million from the Senators and have the same $8.25 million cap as Swayman.

Meanwhile, Seattle Kraken goaltender Joey Daccord received a five-year, $25 million extension. He filled in for Philipp Grubauer after that goalie’s injury last season and got the NHL’s first shutout in the Winter Classic. Both contracts will take effect next season.

Oct. 8: Rangers’ Igor Shesterkin turns down extension offer

ESPN’s Kevin Weekes posted on social media Tuesday that the New York Rangers offered Shesterkin an eight-year, $88 million contract, with an $11 million average annual value that would have eclipsed Carey Price’s high-water mark of $10.5 million. A person with knowledge of the situation confirmed those numbers to lohud.com, part of the USA TODAY Network.

It’s not a huge surprise that the 28-year-old Russian would reject it on the eve of New York’s season-opener in Pittsburgh. Another person familiar with the situation recently indicated the two sides have been far apart in negotiations, and that the chances of striking a deal before the start of the new season weren’t looking very promising. That could always change if Rangers team president Chris Drury decides to up the ante, but Shesterkin seems content to bet on himself and wait it out. – Vincent Z. Mercogliano, lohud.com

Also: The defending champion Florida Panthers announced after their opening victory that forward Carter Verhaeghe had agreed to an eight-year extension. It’s worth a reported $56 million.

This post appeared first on USA TODAY

Lionel Messi played the distance on a saturated, rain-soaked pitch as the Argentine National Football Team settled for a 1-1 draw against host Venezuela on Thursday in a qualifying match for World Cup 2026.

Argentina’s Nicolás Otamendi scored in the 13th minute to give the reigning World Cup champions an early 1-0 lead, but Venezuela’s Salomón Rondón scored a header inside the box to tie the match in the 65th minute.

However, the pitch at Monumental Stadium of Maturin was the story in this match. The field was severely drenched as large amounts of rainwater visibly rose from the surface every time a player has made a play on the ball.

Representatives from both clubs convened to discuss the playing surface, where stadium workers attempted to roll out the water from the saturated field before and during a 30-minute weather delay until the match began.

‘The truth is that it was very difficult to play like that. The match became very ugly, very tight,’ Messi said after the match.

“I don’t want to say much, but the pitch was not in good condition for play, at least today,” Argentine coach Lionel Scaloni added.

Messi missed two shots during the match as players from both teams navigated the conditions, which affected how they played their touches and passes throughout the match. The good news for Messi: It was his first match with the national team since he suffered a right ankle injury in the Copa America final on July 14.

‘It was a long wait to play again. It was a long time away, missing matches for the club. But I’m happy to be back,’ Messi said.

The good news for Argentina: They remain atop the Conmebol World Cup qualifying standings with 19 points despite the draw. It was Argentina’s first draw since a 1-1 tie against Ecuador on March 30, 2022 during qualifying for the last World Cup, which they won.

‘Unfortunately we had to adapt to these circumstances, and we couldn’t take the three points,’ Argentina’s Rodrigo De Paul said of not being able to win.

And Argentina avoided a second straight loss, which has not happened since 2016. Messi was not with Argentina for a 3-0 win over Chile on Sept. 6, and a 2-1 loss to Colombia on Sept. 10 in a rematch of the Copa America final.

Along with the playing conditions, Argentina’s travel plans were impacted by Hurricane Milton and Venezuelan travel restrictions. The team left Miami and had a layover in Colombia before arriving late Wednesday night in Maturin, Venezuela. They trained during the week at Messi’s Major League Soccer club, Inter Miami, and were unable to fly directly from the United States and Argentina to the country for the match.

Argentina, the reigning World Cup and two-time defending Copa America champions, has lost just four times in the last 67 matches they’ve played.

Messi and Argentina will play Bolivia at Estadio Mâs Monumental in Buenos Aires on Tuesday at 8 p.m. ET (9 p.m. Argentina time).

‘I’m happy to be playing in Argentina again on Tuesday,’ Messi said.

Here are highlights from today’s Venezuela vs. Argentina match:

Messi misses shot inside the box: Venezuela 1, Argentina 1

Lionel Messi could only smile after his shot was blocked by Venezuelan goalie Rafael Romo in the 73rd minute. Messi was unable to play the stellar pass from Rodrigo De Paul.

Salomón Rondón goal: Venezuela 1, Argentina 1

We have a tied game in the second half after Venezuela scored the equalizer.

Salomón Rondón scored a header inside the box, and Venezuela has tied the match 1-1 in the 65th minute.

Rondón received a stellar pass from Yeferson Soteldo, who was credited with the assist.

Halftime update: Argentina leads Venezuela 1-0

It’s been a wet and sloppy affair between both teams as the saturated pitch has played its part. Players are kicking up rain water with every move they make, and the conditions have affected how both teams have attacked in the first half.

Lionel Messi missed a shot in the 31st minute just outside the box, playing the ball after a pass because second and third touches are disrupted by the wet field.

Argentina leads 1-0 thanks to Nicolás Otamendi’s goal in the 13th minute.

Nicolás Otamendi goal: Argentina 1, Venezuela 0

Lionel Messi’s free kick was blocked by Venezuelan goalie Rafael Romo, and Nicolás Otamendi tapped in the rebound to give Argentina an early 1-0 lead in the 13th minute.

How to watch Venezuela vs. Argentina live stream?

The game is available for live stream on Fanatiz with a subscription.

What time does the Venezuela vs. Argentina match start?

It was supposed to begin at 5 p.m. ET, but is ‘delayed due to bad weather.’ While the weather is ideal, the playing field is not, saturated with rain and causing the match to be delayed.

Is Messi playing today in Venezuela?

Yes, Messi is expected to be in action today against Venezuela. He was listed as a starter.

Messi made his injury return with Inter Miami on Sept. 14. He has played in five games, scoring four goals and helping Inter Miami secure the MLS Supporters’ Shield. The regular-season title marked No. 46 for club and country in Messi’s legendary career.

“Messi is fine. He played several games for his team in recent weeks, after not being in the last call-up, which was what we had agreed because he needed to recover and get more minutes,” Argentine coach Lionel Scaloni said this week. “Leo is training with the squad and is ready to be part of the team to play against Venezuela, who will be a great rival.”

Is Argentina on upset alert? Here are betting odds vs. Venezuela

Is Argentina in danger of losing their second consecutive match? The oddsmakers don’t believe so. Argentina is the favorite (-175) to win vs. Venezuela (+525), while a draw after regulation has +270 odds, according to BETMGM.

Which teams have beaten Argentina? Here are the last 4 losses

Before the 2-1 loss to Columbia, Argentina last lost to Uruguay in World Cup qualifying last November 2023, Saudi Arabia in the 2022 World Cup opener and Brazil in the Copa America 2019 semifinal.

Argentina leaves Miami before Hurricane Milton

The World Cup champions were unable to fly from Argentina or the United States directly to Venezuela due to travel restrictions by the Venezuelan government. They departed Miami with a layover in Barranquilla, Colombia before arriving in Maturín, Venezuela on Wednesday night.

Argentina trained this week in Fort Lauderdale at the facility of Inter Miami, Messi’s Major League Soccer club. Those plans were made before the threat of Milton, a Category 3 storm that made landfall in Florida late Wednesday.

Messi, Argentina upcoming schedule

Messi and Argentina will return home for a second match Tuesday against Bolivia at 8 p.m. ET.

Then, Messi will return to South Florida for Inter Miami’s regular-season finale on Oct. 19. The MLS Cup Playoffs begin Oct. 25. 

This post appeared first on USA TODAY

AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs.

The Instinct MI325X, as the chip is called, will start production before the end of 2024, AMD said Thursday during an event announcing the new product. If AMD’s AI chips are seen by developers and cloud giants as a close substitute for Nvidia’s products, it could put pricing pressure on Nvidia, which has enjoyed roughly 75% gross margins while its GPUs have been in high demand over the past year.

Advanced generative AI such as OpenAI’s ChatGPT requires massive data centers full of GPUs in order to do the necessary processing, which has created demand for more companies to provide AI chips.

In the past few years, Nvidia has dominated the majority of the data center GPU market, but AMD is historically in second place. Now, AMD is aiming to take share from its Silicon Valley rival or at least to capture a big chunk of the market, which it says will be worth $500 billion by 2028.

“AI demand has actually continued to take off and actually exceed expectations. It’s clear that the rate of investment is continuing to grow everywhere,” AMD CEO Lisa Su said at the event.

AMD didn’t reveal new major cloud or internet customers for its Instinct GPUs at the event, but the company has previously disclosed that both Meta and Microsoft buy its AI GPUs and that OpenAI uses them for some applications. The company also did not disclose pricing for the Instinct MI325X, which is typically sold as part of a complete server.

With the launch of the MI325X, AMD is accelerating its product schedule to release new chips on an annual schedule to better compete with Nvidia and take advantage of the boom for AI chips. The new AI chip is the successor to the MI300X, which started shipping late last year. AMD’s 2025 chip will be called MI350, and its 2026 chip will be called MI400, the company said.

The MI325X’s rollout will pit it against Nvidia’s upcoming Blackwell chips, which Nvidia has said will start shipping in significant quantities early next year.

A successful launch for AMD’s newest data center GPU could draw interest from investors that are looking for additional companies that are in line to benefit from the AI boom. AMD is only up 20% so far in 2024 while Nvidia’s stock is up over 175%. Most industry estimates say Nvidia has over 90% of the market for data center AI chips.

AMD stock fell 3% during trading on Thursday.

AMD’s biggest obstacle in taking market share is that its rival’s chips use their own programming language, CUDA, which has become standard among AI developers. That essentially locks developers into Nvidia’s ecosystem.

In response, AMD this week said that it has been improving its competing software, called ROCm, so that AI developers can more easily switch more of their AI models over to AMD’s chips, which it calls accelerators.

AMD has framed its AI accelerators as more competitive for use cases where AI models are creating content or making predictions rather than when an AI model is processing terabytes of data to improve. That’s partially due to the advanced memory AMD is using on its chip, it said, which allows it to server Meta’s Llama AI model faster than some Nvidia chips.

“What you see is that MI325 platform delivers up to 40% more inference performance than the H200 on Llama 3.1,” said Su, referring to Meta’s large-language AI model.

While AI accelerators and GPUs have become the most intensely watched part of the semiconductor industry, AMD’s core business has been central processors, or CPUs, that lay at the heart of nearly every server in the world.

AMD’s data center sales during the June quarter more than doubled in the past year to $2.8 billion, with AI chips accounting for only about $1 billion, the company said in July.

AMD takes about 34% of total dollars spent on data center CPUs, the company said. That’s still less than Intel, which remains the boss of the market with its Xeon line of chips. AMD is aiming to change that with a new line of CPUs, called EPYC 5th Gen, that it also announced on Thursday.

Those chips come in a number of different configurations ranging from a low-cost and low-power 8-core chip that costs $527 to 192-core, 500-watt processors intended for supercomputers that cost $14,813 per chip.

The new CPUs are particularly good for feeding data into AI workloads, AMD said. Nearly all GPUs require a CPU on the same system in order to boot up the computer.

“Today’s AI is really about CPU capability, and you see that in data analytics and a lot of those types of applications,” Su said.

This post appeared first on NBC NEWS

ESPN hired former NFL quarterback Cam Newton as a regular contributor to primarily appear on the morning show ‘First Take,’ the network announced Thursday.

Newton will make his debut Friday during a taping at Tennessee State University as part of the show’s HBCU roadshow.

“I’ve always brought passion and energy into everything I do, and that won’t change at ESPN,” Newton said in a statement. “I’m looking forward to the opportunity to share my perspective and go toe-to-toe with the best in the business. Fans can expect the same intensity I brought to the field, along with real talk, bold takes, and good fun.”

Newton joins hosts Stephen A. Smith and Molly Qerim, with other commentators Shannon Sharpe and Chris “Mad Dog” Russo.

Newton played 11 seasons with the Carolina Panthers and the New England Patriots, last appearing with the Panthers during the 2021 season.

Newton won the Heisman Trophy at Auburn and also led the Tigers to the national championship in 2010 before the Panthers selected him as the No. 1 overall pick in the 2011 NFL draft. He won the Rookie of the Year award after throwing for 4,051 yards and 21 touchdowns.

He led the Panthers to the Super Bowl in 2015 in a season where he was named the league’s Most Valuable Player and Offensive Player of the Year.

Newton, a three-time Pro Bowler, was 75−68−1 as a starting NFL quarterback, throwing for 32,382 yards with 194 touchdowns and 123 interceptions and also rushing for 5,628 yards and 75 scores on the ground.

This post appeared first on USA TODAY

Time and healing. 

That’s the reality check when it comes to the status of Russell Wilson. The veteran quarterback was a full participant in a Pittsburgh Steelers practice for the first time in weeks on Wednesday, his nagging right calf injury having progressed to the point that suggests coach Mike Tomlin’s big decision about inserting Wilson into the starting lineup could come as early as this weekend with the team (3-2) looking to snap a two-game losing streak. 

Yes, Justin Fields has been better than many may have expected as the fill-in quarterback, fueling the hot takes that the 35-year-old Wilson may never get the starting nod. It’s the stuff that quarterback controversies are made of. And it has had serious legs (no pun intended) ever since Wilson came up lame during the first week of training camp in July and Fields showed flashes every step of the way to raise the stakes. 

But let’s face it: The Steelers did not lure Wilson to Pittsburgh to have him not get a legitimate shot to revive a career with two Super Bowl appearances on the resume. 

Great, Fields, 25, has proven viable and maybe a promising long-term option. He’s avoided sacks left and right behind an inconsistent offensive line, using his nifty feet to scoot left and right to get out of trouble. He’s forced opposing defenses to be on alert for the designed runs that new coordinator Arthur Smith probably won’t be calling much with Wilson. And Fields’ ball-security has been tight, evidenced by his one interception through five games and a pass efficiency rating (97.1) that would be the highest of his career if it holds up for the whole season. 

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

Yet Fields has some limitations, too, which was on display during the 20-17 loss to the Dallas Cowboys on Sunday night, when his 131 passing yards came with a longest completion of 21 yards. The Steelers missed some opportunities for some explosive plays, as Tomlin pointed out, that might have made a difference. It makes you wonder how much more explosive the Steelers offense could be with Wilson slinging it. 

We’ll see. With Fields still taking the first-team reps on Wednesday, Tomlin might not make the switch before the matchup at the Las Vegas Raiders on Sunday. There’s no rush, and the extra healing time for Wilson can’t hurt. Never mind that Wilson came back working with the No. 2 unit. As Tomlin put it, “We’re in a different place now.” 

Tomlin insisted that he won’t wade into hypotheticals (at least not intentionally) when it comes to the timeline with Wilson. Hey, you can’t blame him. The Steelers thought Wilson was fully healed at the end of preseason, when Tomlin named him the starter. Then the quarterback was re-injured three days before the opener at Atlanta. The process now includes assessing how Wilson’s calf responds to the increased workload and whether it holds up over consecutive days. 

Still, Tomlin added of the potential switch, “The door is ajar.” 

Speaking of hypotheticals, it’s possible that Fields could have made a stronger case – like 5-0, with the NFL’s highest-scoring offense – but that is surely not what’s happening now. Wilson, whom Tomlin declared was in the “pole position” for the starting job after both quarterbacks arrived in March, doesn’t move like he used to, or like Fields does now. But Tomlin was undoubtedly drawn to experience gained by the 13th-year veteran in the big moments. If they can support him with a strong running game (likely) and with consistent protection (less likely), Wilson might be able to capture at least some of the magic that existed during his heyday with the Seattle Seahawks. 

During a training camp visit, Wilson was so fired up about Smith’s offense, with its reliance on the running game and play-action passes. If history is any indication, he will bring his knack for throwing deep with accuracy – hence, the explosive plays that have been lacking. That should inspire, for one, George Pickens, the talented receiver who has been the subject of his own controversy this week with his effort and comportment questioned. 

If Wilson is that guy, why did Denver cut him loose? The Broncos are paying Wilson nearly $40 million this season, and even if they had designs on drafting Bo Nix (chosen 12th overall), they might have kept Wilson for the transition. 

Or maybe not, as it turned out. Broncos coach Sean Payton was likely never sold on the quarterback he inherited in a shotgun-marriage arrangement – or, after giving it a try, he turned sour on the idea last season. In any event, clean slate. 

That, too, looms as a potential advantage for the Steelers. They’ve got a vet on their hands with maybe an extra edge of having something to prove. Tomlin has downplayed that narrative, maintaining that the league is full of players (and coaches) fueled by some extra motivational juice. The same can be said for Fields, obtained from the Chicago Bears, or for that matter for Smith, fired as the Atlanta Falcons coach. 

Regardless, Wilson is on the brink of getting another big shot. If he’s washed up, it will be revealed. With a chance to improve to 4-2 this weekend, at least the Steelers have a decent option with Fields. 

Transitioning to Wilson, though, looms as an even better option. 

This post appeared first on USA TODAY

We will never know all the ways Rafael Nadal had to stretch and massage and manipulate his body, how much pain medication he had to take and how much torture he had to endure to make the Vamos magic happen this long.

He didn’t always like to talk about those details, especially in the heat of competition. With Nadal, there were no excuses, no gray areas. You either got it done or you didn’t. You either suffered or you failed. And no matter the result, you always remained grateful if you got the chance to try again. 

But a couple years ago, we got some idea about the lengths he was willing to go just to squeeze a little more competitive juice out of his broken body. 

After winning the 2022 French Open – the tournament that would be his 22nd and final Grand Slam title – Nadal revealed that his chronic left foot condition had gotten so bad that the only way he could play was a series of injections that essentially put the foot to sleep for two weeks. 

Asked how many shots it took to get him on the court, Nadal deadpanned: ‘It’s better you don’t know.’

Nadal, 38, announced Thursday that the end of his professional tennis career will take place next month after one more time playing for Spain in the Davis Cup. 

The choice of this event is deeply symbolic. In the 2004 Davis Cup final, with Nadal having just one minor ATP title on his résumé, he upset No. 2 Andy Roddick to lead Spain over the Americans. As Roddick wrote Thursday on X, ‘I knew tennis earth was in a lot of trouble.’

There was a lot of trouble – more than anyone could have imagined. He owned the clay, winning a mind-bending 14 Roland Garros titles. He adapted his game to finally conquer grass, beating his great rival Roger Federer in the 2008 Wimbledon final that many experts consider the best match ever played. He thrived on the energy of New York, winning four US Open titles. And in Australia, where he suffered so many close calls, heartbreaks and injuries, his second title there in 2022 – coming from two sets down to beat Daniil Medvedev in the final – stands as one of the sport’s all-time marvels. 

Not bad for a guy who was diagnosed with Muller-Weiss syndrome – essentially an arthritic foot condition – back in 2005. Not bad for a guy with bad knees, a back problem, hip issues and rib cage tears. Not bad for a guy who played such a bruising, physical, never-say-die style that his colleagues wondered whether his body could last a decade in the sport. 

Every time, Nadal kept battling back, kept pushing his limits, kept winning titles. 

But eventually it was too much. Though it’s sad to see a sporting icon and all-time great say goodbye, nobody who has paid attention for the last two years can feel bad about this decision. 

If anything, it’s relief. There is no need to suffer anymore for the sake of this sport. He’s done enough. 

Ever since that last French Open title, it hasn’t been the same. Nadal made the Wimbledon semifinals a few weeks later but had to withdraw after suffering a large abdominal tear in a five-set quarterfinal win over Taylor Fritz. Every attempt to play after that, sadly, seemed worse than the last. 

Though Nadal kept trying to come back and stave off retirement talk, there was little progress. Even at this year’s Olympics, which Nadal desperately wanted to try and win one last medal in Paris, he was barely competitive. The message his body sent him was unmistakeable. It was time. 

Nadal’s exit from the sport means that Novak Djokovic is the last of tennis’ Big Four standing. Federer has been gone for a couple years now. An injury-ravaged Murray was forced to say goodbye at the Olympics. And Djokovic, who is playing fewer and fewer tournaments and failed to win a major this year, probably isn’t too far behind. 

It’s the end of an amazing era, but as Nadal said in his goodbye video message, everything has a beginning and end. 

He did it all. He did enough. Suficiente.

(This story was updated because an earlier version included an inaccuracy.)

This post appeared first on USA TODAY

Democratic strategists are calling on the Harris campaign to get more aggressive amid concerns her early momentum, spurred largely by Harris’ debate performance and the Democratic National Convention, has waned due to a number of factors.

‘I’m scared to death,’ Democratic strategist James Carville said Wednesday. 

‘Now that the sugar high is gone, people have realized what Kamala Harris has said from the start, which is that she is the underdog,’ Anthony Coley, a former Biden and Obama staffer turned political consultant, told The Hill. 

‘If you’re not nervous, you’re not paying attention,’ former Harris communications director Jamal Simmons added.

Meanwhile, David Axelrod, widely regarded as the political mastermind behind former President Obama’s 2008 victory, recognized that ‘Harris had a great launch, right through the convention and the debate,’ but he acknowledged ‘the race has plateaued.’ 

Carville’s remarks that he is ‘scared to death’ about Nov. 5 came during an interview with MSNBC’s Ari Melber. Carville estimated that with Hurricane Milton dominating the news cycle, Harris only has about 20 days to amplify her messaging.

An anonymous Democratic strategist told The Hill that Harris is still ‘fine-tuning her message’ way too close to Election Day. ‘We are in the ‘make the sale’ phase of the campaign now. We’re not still tweaking the message,’ the strategist pointed out.  

Some of the criticism from Democratic strategists also included suggestions the Harris campaign get more aggressive.

‘They need to be sharp. They need to be aggressive. They need to stop answering questions and start asking questions,’ Carville insisted on Wednesday. ‘I think she and the whole campaign need to be much more aggressive and much less passive than they are.’

‘In these campaigns, every time you clear a bar, the bar gets raised,’ added Axelrod. ‘You have to lift your game and adjust your strategy.’

With Election Day rapidly approaching, polling in three critical battleground states show former President Trump making gains, but the race still remains a toss-up between the two candidates. 

According to polling from Quinnipiac University, Harris is maintaining a 3-point advantage over Trump in battleground Pennsylvania. However, that is a drop from Harris’ 6-point lead in Quinnipiac’s September polling of Pennsylvania voters. 

Quinnipiac polling in Michigan shows Trump with a 3-point edge, and it shows him with a 2-point advantage in Wisconsin. Quinnipiac’s Michigan polling last month had Harris leading by 5 points, while its Wisconsin polling had her at a 1-point advantage over Trump. 

‘That was then, this is now,’ said Tim Malloy, a polling analyst at Quinnipiac. ‘The Harris post-debate starburst dims to a glow as Harris enters the last weeks slipping slightly in the Rust Belt.’

This post appeared first on FOX NEWS

Where is the recent performance in the S&P 500 coming from?

We start with the relative rotation graph (RRG) for growth and value sectors, dissected by size to get a clearer picture. The first RRG reveals a standout performer: the large-cap growth group. These stocks, which include major tech and communication services players, started their journey of outperformance in March 2023 when they moved to the right side of the RRG. Since then, they have completed multiple Leading-Weakening-Leading rotations and significantly contributed to the performance of the S&P 500.

The large-cap growth group, which includes the influential Mag-7 stocks, is currently in the weakening quadrant of the RRG. However, it’s showing signs of curling up—a positive indication of a new upswing in an already established relative uptrend. In contrast, the other sectors, particularly the value ones across all sizes, are losing momentum and moving down on the JdK RS-momentum scale.

The mid-cap and small-cap growth groups are also lagging, with the lowest readings on the RS-ratio scale. They’re far to the left, meaning they are still in relative downtrends, and the recent rally has to be judged as a recovery rally within a downtrend.

From this, the clear conclusion is that large-cap growth stocks are once again propelling the market upward.

Dissecting the Mag-7

When we zoom in on the Mag-7 stocks and place them on an RRG, the disparity in their performance becomes evident. Meta and NVIDIA are the stars, with NVIDIA mirroring the large-cap growth index’s position—inside the weakening quadrant but curling upwards, signaling another potential rise. Meta has made a full rotation and is now pushing deeper into the leading quadrant.

Apple and Tesla are on the right side of the graph. Tesla has outperformed the S&P 500 over the last five weeks, while Apple has not reached that level.

Amazon, Microsoft, and Google are in the lagging quadrant, with Google moving left, indicating a weak relative trend.

The Narrow Breadth of Market Performance is Back

This type of performance, driven by a small group of stocks, is a recurring theme. Over the last five weeks, the Mag-7 stocks have contributed over 2.9% to the S&P 500’s 6.8% performance. That’s a staggering 40% coming from just seven stocks—a clear example of a market with a narrow breadth.

This concentration continues to pose a risk, showing a market heavily reliant on a few key players.

SPY and its Divergences

Turning to the S&P 500 charts, the weekly SPY chart shows signs of breaking the negative divergence in the RSI, which is a positive sign. However, the negative divergence with the MACD persists, indicating we’re not out of the woods yet.

The daily chart suggests caution, as the S&P 500 is still within a potential rising wedge, and the RSI peaks are not showing the strength we’d like to see. The support level to watch remains 565.

A Closer Look at Individual Mag-7 Stocks

AAPL is still below overhead resistance, around the 230-235 area.

Microsoft has broken its uptrend, forming a potential head and shoulders top, The raw RS-Line is already in a downtrend.

NVIDIA has broken out of a large consolidation pattern, indicating significant upside potential.

Amazon is below its all-time high and has recently marked a lower high on the weekly price chart while raw-RS has broken its rising support line.

META has broken out to a new all-time high, signaling a strong and intact trend.

Google is rapidly heading into the lagging quadrant, with $150 as a critical support level.

Tesla is in a volatile range below overhead resistance which currently comes in around 270-275. This barrier needs to be taken out to trigger a new rally.

Conclusion: The Narrow Path to Market Gains

In summary, the large-cap growth stocks, particularly within the Mag-7, are driving the market higher on a very narrow foundation. Some divergences remain, but the S&P 500’s ability to overcome the negative divergence between price and RSI is a small positive. The market’s shape is improving as long as SPY remains above the 565 support level.

For a more sustained rally, we need broader participation from stocks outside the Mag-7. Until then, we will watch closely as Meta and NVIDIA lead the charge, while Google, Microsoft, and potentially Apple could dampen the S&P 500’s performance.

It’s still a tricky market, but with (some) large-cap growth stocks and their big impact on the broader indices, there are still opportunities to participate on the upside.

#StayAlert, –Julius

TD Bank pleaded guilty Thursday to multiple criminal charges and agreed to pay a whopping $3 billion in fines and other penalties to the Department of Justice and financial regulators for failing to monitor money laundering by drug traffickers and other criminals.

As part of the deal, TD Bank, whose U.S. unit is the 10th-largest American bank by assets, also will have limits to its growth imposed by the Office of the Comptroller of the Currency. The total assets of TD Bank’s two U.S. banking subsidiaries will be barred from exceeding $434 billion under that restriction.

The restrictions are similar to those imposed by the Federal Reserve on Wells Fargo in 2018 over what the Federal Reserve called “widespread consumer abuses” at that bank.

“By making its services convenient for criminals, TD Bank became one,” said Attorney General Merrick Garland on Thursday.

“Today, TD Bank also became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures, and the first US bank in history to plead guilty to conspiracy to commit money laundering,” Garland said.

“TD Bank chose profits over compliance with the law — a decision that is now costing the bank billions of dollars in penalties. Let me be clear: our investigation continues, and no individual involved in TD Bank’s illegal conduct is off limits.”Garland, speaking at a press conference in Washington, D.C., said a monitor would oversee the bank’s compliance with anti-money-laundering practices for three years as part of a settlement with the DOJ, which is receiving $1.8 billion in connection with the bank’s guilty plea in federal court in Newark, New Jersey.

The attorney general said that over a six-year period that ended last October, TD Bank admittedly failed to monitor a stunning $18.3 trillion in customer activity, which allowed three money laundering networks to transfer more than $670 million through accounts at the bank.

At least one of those schemes involved five bank employees, Garland said.

“At various times, high-level executives, including the person who became the bank’s chief anti-money laundering officer, knew there were serious problems with the bank’s anti-money laundering program, but the bank failed to correct them,” the attorney general said.

Garland read reporters details of electronic messages which showed the awareness and concerns bank employees had about suspicious transactions about one individual, known as David, who personally moved more than $470 million in illicit funds through TD Bank branches in the United States.

“In August 2021, a TD Bank store manager emailed another store manager and remarked, quote, ‘You guys really need to shut this down. Lol,’ ” Garland noted.

“In February 2021, one TD Bank store employee saw that David’s network had purchased more than $1 million in official bank checks with cash in a single day,” Garland said. “The employee asked, quote, how is that not money laundering a bank off a back office?′ ”

Another TD Bank “employee responded, quote, ‘Oh, it 100% is,’ ” Garland said.

Garland said the DOJ expected to file other prosecutions in the case.

When asked if that meant charging TD Bank executives, the attorney general said, “My general response to these kind of questions is, we don’t comment on ongoing investigations, but I was indicating that we would expect future cases against individuals.”

As part of Thursday’s settlement, TD Bank, which is the second largest bank in Canada, will pay $1.3 billion to the Treasury Department’s Finacial Crimes Enforcement Network, the largest such penalty ever imposed by FinCEN or Treasury on a depository institution.

FinCEN also has imposed a four-year independent monitorship on TD Bank to oversee required remediation of its practices.

“The vast majority of financial institutions have partnered with FinCEN to protect the integrity of the U.S. financial system,” said Deputy Treasury Secretary Wally Adeyemo. “TD Bank did the opposite.”

“From fentanyl and narcotics trafficking, to terrorist financing and human trafficking, TD Bank’s chronic failures provided fertile ground for a host of illicit activity to penetrate our financial system,” Adeymo said.

The Wall Street Journal reported in May that the DOJ was investigating how Chinese organized crime groups and drug traffickers used TD Bank to launder money derived from the sale of the deadly opiate fentanyl in the United States.

The Federal Reserve Board on Thursday fined TD Bank more than $124 million for violations related to anti-money laundering laws, saying the bank failed to “conduct adequate risk management and oversight of its retail banking operations in the United States, resulting in a U.S. subsidiary being used to launder hundreds of millions of dollars in illicit proceeds.”

Sen. Elizabeth Warren, D-Mass., in a statement to CNBC blasted Thursday’s deal.

“Big banks treat government fines as the cost of doing business,” Warren said.

“This settlement lets bad bank executives off the hook for allowing TD Bank to be used as a criminal slush fund. The Department of Justice and the Office of the Comptroller of the Currency need to do better in enforcing our anti-money laundering laws,” Warren said.

In a statement, TD Bank Group CEO Bharat Masrani said, “We have taken full responsibility for the failures of our U.S. AML program and are making the investments, changes and enhancements required to deliver on our commitments.”

“This is a difficult chapter in our Bank’s history. These failures took place on my watch as CEO and I apologize to all our stakeholders,” Masrani said.

TD Bank shares were down more than 5% on Thursday afternoon.

In September, TD Bank was ordered to pay nearly $28 million by the Consumer Financial Protection Bureau for repeatedly furnishing consumer reporting agencies with information about customers that contained numerous errors, and waiting more than a year to fix those mistakes despite knowing about them.

This is a developing story. Check back for updates.

This post appeared first on NBC NEWS

Former NFL Network journalist Jim Trotter has settled his lawsuit. But he did more than that. He won.

He won because Trotter accomplished something that’s almost impossible to do. He stood toe-to-toe with one of the most powerful institutions in the country and fought them to a standstill. He won because Trotter created the Work, Plan, Pray Foundation. The website describes the mission of the foundation this way: ‘(It will) aid students at Historically Black Colleges and Universities with scholarships and resources as they pursue degrees in sports journalism and sports management.’

He won because he’s brave. He won because fighting a massive corporation is tough, brutal and lonely stuff, and yet he still did it. He won because you find out who your true friends are when you take this type of bold action.

‘Someone asked me once when this all first happened,’ Trotter said in an interview with USA TODAY Sports, ”What is it that I want?’ I said I wanted positive change. I think (this settlement) is a big step towards that.’ Trotter later added: ‘I wanted to hold the NFL accountable.’

Trotter’s story may not get the most attention or clicks but it still is important and historic. Trotter’s goal was to bring attention to the NFL Network newsroom that he says lacked people of color as key decision-makers in a space where the majority of players are people of color.

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The reason Trotter’s actions hit a lot of Black journalists directly in the heart is because many newsrooms have this issue. Trotter’s case is a proxy for a number of people who have battled this problem. He’s been a beacon, fighting the good fight.

It all started in 2023 when Trotter, during the Super Bowl news conference with Commissioner Roger Goodell, asked about the lack of Black executives and news editors in NFL Media, which is owned by the league. Trotter announced about a month later that his contract had not been renewed with the NFL.

Trotter sued the NFL for retaliation in 2023 alleging his contract hadn’t been renewed because of his questioning of Goodell at that news conference. Trotter’s lawsuit also accused Dallas Cowboys owner Jerry Jones and Buffalo Bills owner Terry Pegula of making discriminatory comments when asked about player protests, and the NFL’s diversity efforts. Jones and Pegula denied making those comments.

‘People think I have animosity toward the NFL,’ Trotter said in February 2024. ‘I do not. I don’t at all. All I’m asking the NFL to do is to be what it says it is. And, as journalists, isn’t that our job? To hold the people in power accountable. To make sure that their actions reflect their words.’

Trotter took on the underbelly of not just the NFL but ostensibly also many different workplaces. This is a remarkable thing that shouldn’t be forgotten.

Trotter also didn’t just talk about these things. With his foundation, he’s backed those words with action.

‘As someone who has been a professional journalist for nearly four decades, it pains me that more African Americans are not at the table when determining what is a story, who will cover a story, and how a story will be framed, particularly when it involves African American athletes, coaches and executives,’ Trotter said on the foundation’s website. ‘Too often, these individuals’ life experiences and cultural experiences are not represented during coverage discussions, which ultimately contributes to a mistrust of the media.’

The name of the foundation, Trotter explained, comes from the late Junior Seau, whom Trotter covered while writing for the San Diego Union-Tribune.

‘Seau was a giving soul who often ended speaking engagements by reminding the audience to work for today, plan for tomorrow, and pray for the rest,’ Trotter explained on the foundation’s website. ‘I could think of no greater way to thank him and carry on his legacy of giving than by amplifying his words in the name of this foundation.’

Yes, Trotter settled this lawsuit.

But actually, he won it. In any number of ways.

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