Latest news with #CA
CBS News
7 hours ago
- Entertainment
- CBS News
Hayward man lands $2 million California Lottery jackpot following previous wins
A Hayward resident on an incredible lottery lucky streak landed a $2 million jackpot on a California Lottery scratcher game, officials said. Juan Silva Zarate purchased an Instant Prize Crossword Scratchers game at a Chevron gas station at 24350 Hesperian Boulevard in Hayward recently, . His $2 million winner comes after Zarate won four $1,000 Scratchers over the past year. "He ganado mucho," acknowledged- Zarate in Spanish ("I've won a lot"), after being asked if he's won before, lottery officials said in a press statement. Zarate told lottery officials he plans to use a portion of his winnings to invest and the rest to pay off his family's home. The California Lottery reminds players to play responsibly and says anyone with a gambling problem can get free, confidential help by calling the CA Problem Gambling Hotline at 1-800-GAMBLER.
News18
16 hours ago
- Business
- News18
Silver Price Outlook: Right Time To Buy? Analysts Forecast 15–20% Return In 2 Years
Last Updated: Silver Price Outlook: Silver hits a 14-year high due to demand and supply issues amid geopolitical uncertainty. Silver Price Outlook: Silver has appreciated substantially in the past few months by reaching a 14-years high amid the rising demand and supply crunch in the geopolitical uncertainty triggered by tariff war and conflicts between nations. Gold is long been considered as a safe bet when times are tough. But in recent times, the interest for silver also grew among investors. In this situation, silver is emerging as a strong contender in investor portfolios, offering a rare combination of monetary resilience and industrial utility. A new report by wealth advisory firm Client Associates (CA)suggests that the metal could deliver 15–20% returns over the next 12–24 months, driven by growing industrial demand and a persistent supply-demand mismatch. Its report, The Investment Case for Silver, outlines how silver is transitioning from a traditional store of value to a modern asset class linked to key sectors like solar power, electric vehicles, semiconductors, and 5G. 'Silver is no longer just a precious metal—it is a modern asset class backed by industrial relevance and historical trust," said Nitin Aggarwal, Director – Investment Research and Advisory at CA. He added that silver's ability to offer both tactical alpha and portfolio diversification makes it highly relevant in the current environment. Despite a slight dip in overall silver demand in 2024, industrial use hit a record high for the fourth straight year, growing 3.6% year-on-year. Supply has failed to keep pace, leading to a deficit of nearly 149 million ounces, which is expected to persist in 2025. The report notes that silver remains undervalued compared to gold, with the gold-silver ratio at around 90—well above the historical average of 68. It also highlights silver's low correlation with equities and moderate link with gold, making it a strategic diversifier. It has low correlation with Indian equities (0.21 with the Sensex) and a moderate correlation with gold (0.72), allowing it to complement both equity-heavy and gold-heavy portfolios. Over longer horizons, gold and silver returns tend to converge, but silver offers higher short-term return potential—albeit with greater volatility and sharper drawdowns, it added. How To Invest In Silver The report also explores suitable investment vehicles for silver exposure. For investors with Demat accounts and shorter investment horizons, Silver ETFs are a cost-efficient and tax-advantaged route. For larger allocations and longer holding periods, Silver ETF Fund-of-Funds (FoFs) provide greater liquidity and ease of access without requiring a Demat account. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. view comments First Published: July 29, 2025, 14:55 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Sydney Morning Herald
a day ago
- Business
- Sydney Morning Herald
Biggest revolution since Packer: Cricket Australia told to sell off BBL clubs after $2 billion England windfall
For 15 years, from 1979 to 1994, Kerry Packer and the then Australian Cricket Board shared effective ownership of the game's finances under the terms of the 'peace treaty' that ended the World Series Cricket split. Since then, CA and the states have been devoid of private ownership, though a model for private investment was briefly considered at the outset of the BBL in 2011. Franchise cricket has exploded around the world since then, and the BBL is now an outlier in terms of being wholly owned by CA and the states. The level of market interest in buying teams was demonstrated by how the ECB recently raised around $2 billion in funds by selling off 49 per cent stakes in each of the eight clubs in the Hundred. A big share of that windfall arose from a bidding war for the London Spirit franchise, based at Lord's. Importantly, the BCG report also recommended that the BBL hold off expanding the number of clubs until stakes in the existing teams are sold, arguing that expansion would dilute their value. Although CA's board has a regular meeting later this week, it is likely that debate around a final decision will carry on until later in the year. Baird and new chief executive Todd Greenberg are known to prefer building consensus around their decisions. BCG's work was supported by a steering committee that included representation from both CA and the state associations, but there is a range of views on what to do next. Some would like to see the second teams in Sydney and Melbourne – the Thunder and the Renegades – each relocated to other territories. Singapore and New Zealand are two mooted venues, while Canberra has also made a concerted push for a team via Cricket ACT's wealthy chair, Greg Boorer. Another suggestion is for CA to follow the path taken by the VFL way back in 1987, when it expanded the league by selling licences for new clubs in Queensland (the Brisbane Bears) and Western Australia (the West Coast Eagles) without selling stakes in any of the existing clubs. That scenario raised capital for what was then a cash-strapped league without threatening the establishment clubs. Further expansion into Adelaide (Port Adelaide Football Club) and Perth (Fremantle Dockers) in the mid 1990s saw the Fitzroy Lions merged with the Bears in 1996. Loading Primarily, the BBL sales would help to supercharge player wages for the league, which have long lagged behind other competitors in the Southern Hemisphere, notably tournaments in South Africa and the UAE. Ben Stokes, arguably the world's biggest name player outside India, has lately played in South Africa and hasn't been part of the BBL since he played half a season for the Melbourne Renegades in 2015. One of many wider goals of selling BBL team stakes would be to help CA raise its cash reserves to more than $100 million. Greenberg recently made a round of job cuts to the organisation as it seeks to tighten up its budgets. The states, too, have differing financial pressures. In particular, New South Wales, Victoria and Queensland don't derive direct revenue from the grounds they play at. The SCG, meanwhile, has been identified as needing considerable upgrades for spectators and the eventual addition of drop-in pitches.
The Age
a day ago
- Business
- The Age
Biggest revolution since Packer: Cricket Australia told to sell off BBL clubs after $2 billion England windfall
For 15 years, from 1979 to 1994, Kerry Packer and the then Australian Cricket Board shared effective ownership of the game's finances under the terms of the 'peace treaty' that ended the World Series Cricket split. Since then, CA and the states have been devoid of private ownership, though a model for private investment was briefly considered at the outset of the BBL in 2011. Franchise cricket has exploded around the world since then, and the BBL is now an outlier in terms of being wholly owned by CA and the states. The level of market interest in buying teams was demonstrated by how the ECB recently raised around $2 billion in funds by selling off 49 per cent stakes in each of the eight clubs in the Hundred. A big share of that windfall arose from a bidding war for the London Spirit franchise, based at Lord's. Importantly, the BCG report also recommended that the BBL hold off expanding the number of clubs until stakes in the existing teams are sold, arguing that expansion would dilute their value. Although CA's board has a regular meeting later this week, it is likely that debate around a final decision will carry on until later in the year. Baird and new chief executive Todd Greenberg are known to prefer building consensus around their decisions. BCG's work was supported by a steering committee that included representation from both CA and the state associations, but there is a range of views on what to do next. Some would like to see the second teams in Sydney and Melbourne – the Thunder and the Renegades – each relocated to other territories. Singapore and New Zealand are two mooted venues, while Canberra has also made a concerted push for a team via Cricket ACT's wealthy chair, Greg Boorer. Another suggestion is for CA to follow the path taken by the VFL way back in 1987, when it expanded the league by selling licences for new clubs in Queensland (the Brisbane Bears) and Western Australia (the West Coast Eagles) without selling stakes in any of the existing clubs. That scenario raised capital for what was then a cash-strapped league without threatening the establishment clubs. Further expansion into Adelaide (Port Adelaide Football Club) and Perth (Fremantle Dockers) in the mid 1990s saw the Fitzroy Lions merged with the Bears in 1996. Loading Primarily, the BBL sales would help to supercharge player wages for the league, which have long lagged behind other competitors in the Southern Hemisphere, notably tournaments in South Africa and the UAE. Ben Stokes, arguably the world's biggest name player outside India, has lately played in South Africa and hasn't been part of the BBL since he played half a season for the Melbourne Renegades in 2015. One of many wider goals of selling BBL team stakes would be to help CA raise its cash reserves to more than $100 million. Greenberg recently made a round of job cuts to the organisation as it seeks to tighten up its budgets. The states, too, have differing financial pressures. In particular, New South Wales, Victoria and Queensland don't derive direct revenue from the grounds they play at. The SCG, meanwhile, has been identified as needing considerable upgrades for spectators and the eventual addition of drop-in pitches.
Belfast Telegraph
2 days ago
- Sport
- Belfast Telegraph
Instonians thrash Cliftonville Academy to savour T20 Cup joy, while Bangor taste Trophy delight by sinking Cregagh
The win was set up by a trio of half-centuries from the top order that never allowed the CA bowling unit to settle. Irish internationals Neil Rock and Cade Carmichael (27) set the tone for the game with a 66-run opening stand inside the powerplay, ended only by a stunning catch by Alfie Wylie – a rare highlight in a slipshod display that saw four chances dropped. South African professional Shane Dadswell announced his arrival at the crease with a six over square leg, and he continued in that vein after Rock fell for an excellent 27-ball 52 (four fours, three sixes). Dadswell and the evergreen Andrew White scored all around the wicket in a third-wicket partnership of 84 in nine overs that all but settled the match. White unfurled his full repertoire of audacious sweeps and ramps on his way to a top score of 62 from 38 deliveries, while Dadswell's 31-ball 58 included six fours and three maximums. The stand was only ended by a run-out – one of three in the innings – but a total of 219 for six was always going to be a match-winning one. A brief shower meant a revised target of 184 in 16 overs, but Cliftonville Academy's reply never got going at all as Man of the Match Dadswell got three wickets in his first nine balls, including the prize scalp of Abhishek Raut. Jared Wilson (33) and Andrew Forbes (30 not out) added some respectability to the margin of defeat, but this was the most one-sided of contests. Cian Robertson picked up three wickets in a fine bowling effort, while there were two wickets apiece also for Andrew White and skipper Ben Rose. 'It was a great team performance all through the game,' said skipper Rose afterwards. 'The three guys batted really well and a total of 219 was great. 'Shane taking those three early wickets also gave us some breathing space. 'Whitey' was exceptional with both bat and ball and he continues to work hard and gets his rewards.' It's a big few weeks ahead for Rose and his team, who face Waringstown in a top-of-the-table clash followed by the Challenge Cup Final. Earlier, Bangor were also convincing winners in the T20 Trophy clash, beating Cregagh by 38 runs. Opener Sam McMillan led the way with a superb 62 (10 fours) as Bangor made a strong start batting first. Former New Zealand international Ian Butler struck three huge sixes in a nine-ball 21, well caught on the long-on boundary attempting a fourth. Australian professional Connor Brown stroked five boundaries in a breezy 30, adding 58 in seven overs with McMillan as Bangor continued to attack. There was also a late flurry as Johnny Parker and Michael Skelly added 22 from the last 10 balls in a final total of 166 for seven; Adam McCormick taking three wickets. The chase got off to a terrible start with both openers gone inside two overs. Bob Moore (37) and Jonny Moore (28) attempted to salvage the innings, but Bangor caught and fielded well and, in truth, Cregagh never threatened the target. Angus Farrell (two for 17) was the pick of the bowlers as Cregagh were restricted to 128 for seven. 'We have played some good T20 cricket now for three years with a good pattern and, hopefully, we can take that form into our League campaign for the rest of the season,' said a very happy Bangor captain Johnny Parker afterwards. 'I'm overjoyed for Sam McMillan to get runs and the Man of the Match award. It's a just reward for all the hard work he has put in as he's had a tough season finding strange ways to get out and also getting a few tough decisions. 'Our bowlers did really well, especially Angus Farrell and Will Simpson who squeezed them hardly conceding any boundaries. Angus in particular had a tremendous spell and really strangled the innings. 'It was great to have the runs on the board, and our bowling unit with pace off did superbly well.'
