
Flyers ink F Noah Cates to 4-year, $16M contract
June 3 - Forward Noah Cates agreed to a four-year, $16 million contract extension with the Philadelphia Flyers on Tuesday.
Cates, 26, recorded a career-high 16 goals to go along with 21 assists and a plus-3 rating in 78 games this season with the Flyers.
He was playing in the final campaign of a two-year, $5.25 million contract and was set to become a restricted free agent this offseason.
Cates has totaled 102 points (40 goals, 62 assists) in 235 career games since being selected by Philadelphia in the fifth round of the 2017 NHL Draft. He made his NHL debut on March 29, 2022.
--Field Level Media
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Reuters
42 minutes ago
- Reuters
Morning Bid: No relief from US-China trade truce
A look at the day ahead in European and global markets from Johann M Cherian European investors are set to wake up to a souring mood as rapidly rising tensions in the Middle East and yet another tariff salvo from U.S. President Donald Trump triggered a new wave of dollar-selling and risk-off moves. The much-hyped U.S.-China talks culminated in a fragile truce that may have put a lid on simmering trade tensions between the world's top two economies for now but the lack of details has left investors unnerved. For starters, China President Xi Jinping is yet to give his approval on the 'deal'. And details on how the new tariffs will be implemented are yet to be ironed out and U.S. export restrictions on high-end artificial intelligence chips are still in place. And with the July 8 deadline on worldwide tariffs fast approaching, Trump is back to his unilateral style of policymaking as he said he would send out letters in one to two weeks outlining terms of trade to dozens of other countries, which they could embrace or reject. Markets will be hoping for another TACO moment. While backward looking inflation reports are yet to reflect the price pressures, companies are starting to sound the alarm. Zara-owner Inditex ( opens new tab was the latest to issue a disappointing quarterly report and flag headwinds from trade uncertainty. And as if investors did not have enough to juggle with already, geopolitical tensions in the Middle East are flaring, adding to the risks of rising crude prices fuelling inflation pressures. Supply concerns out of the oil-rich region pushed Brent and West Texas Intermediate futures to two-month highs of nearly $70 a barrel each. In all of this, as my colleague Jamie McGeever points out, valuations in equities and stocks are beginning to appear stretched, compounding the risks to investors in the event of a market selloff. European futures were down 0.7%, while futures in the U.S. are pointing to a lower open on Thursday, but the benchmark indexes in the regions are just about 2% away from their respective record highs. Further, investors continue to question the dollar's safe-haven status. On Thursday, the euro hit a seven-week high and is up 11% this year, poised for its biggest yearly advance since 2017. The central bank bonanza next week could perhaps throw more light on the global economy's outlook. The U.S. Federal Reserve along with the Bank of Japan and the Bank of England are due to announce their policy decisions. Meanwhile, investors will look for a string of UK economic data including reports on gross domestic product and manufacturing output later in the day. Both are expected to reflect a decline in activity on a monthly basis, reigned in by the BoE's cautious approach to monetary policy easing. Key developments that could provide more direction to markets on Thursday: - In the UK: GDP, industrial output, manufacturing output and trade data - In the U.S.: Producer inflation data, initial weekly jobless claims report and an auction of 30-year bonds worth $22 billion - Policymakers expected to speak include ECB's Jose Luis Escriva, Reserve Bank of Australia's David Jacobs - UniCredit ( opens new tab CEO sees slim hopes of BPM ( opens new tab deal, says Commerzbank ( opens new tab too costly - Oracle (ORCL.N), opens new tab raises annual forecast on robust cloud services demand - Warner Bros' (WBD.O), opens new tab credit rating downgraded to junk by Fitch on split-up

Finextra
44 minutes ago
- Finextra
My Big Coin founder fined for crypto fraud
The Commodity Futures Trading Commission today announced the U.S. District Court for the District of Massachusetts entered a final default judgement against Mark Gillespie of Michigan, John Roche of California, My Big Coin Pay, Inc., and My Big Coin, Inc., both of Nevada. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The order requires Gillespie, My Big Coin Pay, Inc., My Big Coin, Inc., and Roche to pay, jointly and severally a $19,326,324 civil monetary penalty and $6,442,108 in restitution to defrauded victims in connection with their role in a digital asset fraud scheme. The order also imposes a permanent injunction against the defendants and bans them from trading in any CFTC-regulated markets; entering into any transactions involving commodity interests or digital asset commodities; and registering with the CFTC. Case Background The default order finds from at least January 2014 through June 2017, Gillespie, My Big Coin Pay, Inc., My Big Coin, Inc., and Roche, together with co-defendant Randall Crater, one of the other co-defendants named in the CFTC's amended complaint, operated a digital asset scheme in which they fraudulently offered the sale of a fully-functioning virtual currency, My Big Coin (MBC), a commodity in interstate commerce. The CFTC dismissed its enforcement action against named co-defendant Michael Kruger because of his death. The defendants obtained more than $6 million from at least 28 customers through fraudulent solicitations, including false and misleading claims and omissions about MBC's value, usage, and trade status, and that MBC was backed by gold. Crater misappropriated virtually all the money solicited from customers, using those misappropriated funds wrongfully. The order resolves the claims against Gillespie, Roche, My Big Coin Pay, Inc., and My Big Coin, Inc., in the CFTC's enforcement action. [See CFTC Press Release 7678-18] The court had previously entered a consent order resolving the CFTC's claims against Crater, who is currently imprisoned for his role in the scheme. [See CFTC Press Release 9051-25] The CFTC cautions that orders requiring repayment of funds to victims may not result in the recovery of any money lost because the wrongdoers may not have sufficient funds or assets. The CFTC will continue to fight vigorously for the protection of customers and to ensure the wrongdoers are held accountable. Parallel Criminal Action On January 18, 2022, a grand jury returned an eight-count superseding indictment charging Crater with wire fraud, unlawful monetary transactions, and operating an unlicensed money transmitting business based on the same conduct alleged in the CFTC's amended complaint. [United States v. Randall Crater, No. 1:19-cr-10063-DJC (D. Mass. Jan. 18, 2022)).] Crater was found guilty of those charges on July 21, 2022, and was sentenced to 100 months in prison and ordered to pay $7,668,317.50 in restitution to defrauded customers and to forfeit $7,668,317.50, which represented the proceeds he received from his violations. The CFTC appreciates the assistance of the U.S. Attorney's Office for the District of Massachusetts, the Fraud Section of the U.S. Department of Justice, and the FBI. Division of Enforcement staff responsible for this case are Traci Rodriguez, Daniel Ullman II, Chrystal Gonnella, Dmitriy Vilenskiy, Paul G. Hayeck, and former Division staff members Jonah E. McCarthy, Jason Mahoney, John Einstman, Hillary Van Tassel, Patricia Gomersall, and Kyong J. Koh.


Reuters
an hour ago
- Reuters
Giants overtake Rockies for seventh consecutive win
June 12 - Casey Schmitt slid around the tag of catcher Hunter Goodman to score the go-ahead run in the eighth inning as the San Francisco Giants rallied again to beat the Colorado Rockies 10-7 on Wednesday in Denver for their seventh straight victory. San Francisco came close to its seventh consecutive one-run victory, which would have tied the major league record set by the 1927 Chicago Cubs. Willy Adames homered among his three hits, Mike Yastrzemski, Heliot Ramos and Schmitt had two hits each and Jung Hoo Lee and Adames scored three runs apiece for San Francisco. Yastrzemski knocked in three runs. Giants reliever Tristan Beck (1-0) pitched three innings of two-run ball. San Francisco trailed 6-3 after seven innings but hit three singles to load the bases with one out in the eighth against Tyler Kinley (0-3). Schmitt walked to bring home one run, and Yastrzemski hit a two-run double to tie it. Schmitt's slide on Fitzgerald's sacrifice bunt made it 7-6, and San Francisco tacked on three more runs in the ninth for its first multirun win since June 1. Goodman homered and doubled twice and Jordan Beck and Brenton Doyle had two hits each for Colorado, which has lost five in a row. Rockies starter Kyle Freeland allowed three runs on six hits in six innings but got a no-decision. He struck out five and walked two. The Giants went ahead 3-0 on Adames' two-run homer in the first, his seventh, and his sacrifice fly in the third. The Rockies rallied in the bottom of the third off San Francisco starter Robbie Ray. Tyler Freeman and Beck singled, and one out later, Goodman doubled to bring home Freeman. Thairo Estrada hit a grounder to second, and first baseman Jerar Encarnacion missed the throw, allowing both runners to score to tie it. Keston Hiura hit a two-out RBI single to put Colorado in front 4-3. Ray lasted four innings, allowing four runs -- two earned -- on six hits and two walks. He struck out five in his shortest outing since April 16 at Philadelphia. The Rockies tacked on a run in the fifth on Orlando Arcia's RBI single and another when Ryan Ritter led off the sixth with a triple and scored on Freeman's sacrifice fly. The Giants will aim to sweep the three-game series on Thursday. --Field Level Media