Michael Jordan has sold his Chicago mansion. Pictures: Getty/Realtor via Compass The buyer of Michael Jordan‘s discounted Chicago mansion has come forward to identify himself as a longtime fan of the basketball legend. Lincoln, NE, native John Cooper has revealed himself as the lucky new owner of Jordan’s 5200 sqm mansion in Highland Park, which has sold for $14.9m (US$9.5m), after an almost 13-year stint on and off the market. Speaking to the Lincoln Journal Star, Mr Cooper, 42, who has lived in the Chicago area for the past 10 years, revealed that he had admired the property for some time before deciding to put in an offer. He ultimately scored an incredible discount on the nine-bedroom, 19-bathroom home , which first came on the market in 2012 for $42.9m (US$29m). RELATED Michael Jordan’s ‘abandoned’ $22m mansion in TikTok drama Michael Jordan buys his second trophy home in Florida for $26m The iconic 23 adorns the front gate. Pictures: Realtor Michael Jordan’s home was at the centre of a TikTok scandal after a user claimed to have broken in and filmed it. Picture: Realtor “I remember seeing the home for sale and thinking how cool it would be for the person that buys the home,” Mr Cooper told the Lincoln Journal Star. “My favourite player to watch was always Jordan. He made shots that seemed impossible, and he got it done on defence, too.” Mr Cooper has wasted no time moving into his new home and has already hosted his own birthday party at the property – which, of course, included a game of basketball with friends on the property’s indoor court, as well as some golf on its putting green. He plans to retain most of the mansion’s unique amenities to ensure Jordan’s legacy remains. The NBA legend’s home naturally has a full-sized basketball court Picture: Realtor Michael Jordan in action in the 90s. (Photo by VINCENT LAFORET / AFP) “I’ll announce some exciting plans for the property in January. I do not have any major renovation plans. I will honour the property’s legacy. This place is great just the way it is,” Mr Cooper told the Lincoln Journal Star. The father of three added that he does not foresee the mansion becoming a primary residence for himself and his family, but expects he will use it regularly. The mansion went viral on social media in 2024, after it was revealed that the abandoned 2.83ha property was in a state of disrepair. There are nods to the basketball legend throughout the property. Picture: Realtor The home’s large gym. Pictures: Getty/Realtor/Compass In the footage, the indoor basketball court appears to have had significant flooding, while the kitchen was seemingly trapped mid-renovation, with cupboard doors on the ground and pieces of wood and trash throughout the room. The largely empty house also had chairs, beds and couches in the rooms, though it was clear there hadn’t been many tenants, if any, in years. The home did see an influx of interest in recent years, perhaps due to Jordan’s 2020 Netflix documentary “The Last Dance”. MORE NEWS Inside Aussie designers’ dream homes Wild AI prediction for Aussie homes Billionaires, celebs behind Aus’ biggest sales
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Torrents of water seen leaking into the stands at new Everton stadium AGAIN just months before Toffees are due to move inIt is tempting but mistaken to say that the current administration of the universe is defective because people are not required to read op-ed columns. That thought is too adjacent to progressivism, which, a critic has said, does not care what people do as long as it is compulsory. Besides, a smaller readership can be superior to a bigger one. Most people do not read newspapers; most who do skip the op-ed page. This means that the few, the happy few, who do read columns do so because their mental pantries are stocked with curiosity, information and opinions. So, the columnist can assume the readers’ foundation of knowledge, which enables large arguments in small spaces. The 15th century produced what remains the most consequential communication technology ever: Johannes Gutenberg’s movable type. Glassy-eyed Americans squinting at their smartphones for videos of kittens might consider it quaint to ascribe history-shaping potency to mere print, especially during today’s digital typhoon. Media constantly clamor for Americans’ attention, which is increasingly elusive and of decreasing duration. A newspaper column — one musty option on a rapidly expanding menu of distractions — requires reading, which, unlike passive grazing at an endless buffet of graphic distractions, is an activity. It demands one’s mental engagement. So, a column had better be pleasurable from the start, even if its subject is not pleasant. Here is Murray Kempton (1917-1997), in a column on President Dwight D. Eisenhower campaigning in Florida in 1956: “In Miami he had walked carefully by the harsher realities, speaking some 20 feet from an airport drinking fountain labeled ‘Colored’ and saying that the condition it represented was more amenable to solution by the hearts of men than by laws, and complimenting Florida as ‘typical today of what is best in America,’ a verdict which might seem to some contingent on finding out what happened to the Negro snatched from the Wildwood jail Sunday.” That sinuous 75-word sentence, although stiletto-sharp, deployed Kempton’s pointed judgments obliquely. His demanding syntax drew readers into participating in his searing perception. His style, suited to concision, enabled him to make arguments by intimation — arguments that readers internalized almost without noticing. Do notice Kempton’s desert-dry wit: “... which might seem to some contingent on ...” A spoonful of humor helps the medicine (information, argument) go down. An enchanting idea of heaven is this: endless learning. For the self-selected cohort of op-ed readers, learning is treasured as fun. Columns are properly quarantined on “opinion” pages, but a columnist’s opinions will lack momentum for respect unless they are accompanied by platoons of facts that give readers the delight of discovery: “I didn’t know that.” It has been said that a deadline is a writer’s best friend. But if writing is a chore — a painful duty — for a columnist, he or she should find another vocation. Enjoyment is infectious, and readers will only value, over time, the company of a columnist who clearly enjoys the craft of assembling sentences, paragraphs and arguments. This columnist is caught in a contradiction: He believes that in our market society, prices are rational. Yet he would pay for the pleasure of doing what he is paid to do. He is in the right city. John F. Kennedy once drolly characterized Washington as a city of Southern efficiency and Northern charm. The city he knew was, however, a caterpillar becoming a butterfly. It was acquiring a physical and cultural infrastructure worthy of a great metropolis. The Beltway opened in 1964, the Kennedy Center for the Performing Arts in 1971, the subway in 1976. This columnist is, in a sense, doing what he was doing before he came to Washington. Until then, he had taught political philosophy at the University of Toronto. Since then, he has been working to discern the small kernels of large philosophical principles lurking in the welter of events. Amid today’s rancorousness, it is difficult to remember when America’s consensus was considered suffocatingly bland. This columnist, now 83, remembers when, as he became politically sentient in the 1950s, many intellectuals lamented the absence of scalding treatises about burning questions: too much Locke, not enough Lenin. Actually, however, in the unending American dialectic between legislatures and courts — between majorities and restraints thereon — the perennial subjects of Western political argument are constantly contested: the concepts of freedom, equality, consent, representation and justice. Americans are permanently enrolled in this seminar. And being a columnist is as much fun as can be had away from a ballpark. George Will is a columnist for The Washington Post.
China’s efforts to prop up its flagging stock market has made yuan a casualtyMohanlal: I never stop feeding the excited kid in meEurope's main stock markets were little changed Thursday despite interest rate cuts by the eurozone and Swiss central banks as policymakers warned of economic and political woes in the region and beyond. Wall Street shares pulled back a day after the tech-heavy Nasdaq topped 20,000 points for the first time. The Paris CAC 40 index ended the day flat while the Frankfurt DAX added 0.1 percent after the European Central Bank (ECB) cut its interest rates by 25 basis points, marking its third consecutive reduction and fourth this year overall. ECB President Christine Lagarde said policymakers discussed political "uncertainty" in Europe and the United States before deciding on the cut. She mentioned "political situations in some of the member states" and the US presidential election won by Donald Trump. Lagarde warned that the eurozone economy was "losing momentum" and that "the risk of greater friction in global trade could weigh on euro area growth". Earlier, the Swiss National Bank surprised markets with a 50-basis-point reduction in its rate, citing slowing inflation and uncertainty over the impact of Trump's economic policies and Europe's political upheaval. The franc fell against the dollar and the euro following the announcement. With growth still weak and France and Germany in political crises there have been calls for the ECB to move faster. Germany is heading towards early elections in February following the collapse of Chancellor Olaf Scholz's coalition government as Europe's biggest economy falters. In France, President Emmanuel Macron is due to appoint a new prime minister after MPs toppled the government of Michel Barnier last week. Sylvain Broyer, an economist at S&P Global Ratings, said Europe was suffering from "a real crisis of confidence whose roots run deep and go beyond economic factors". "The ECB must react and speed up the pace of rate cuts, unless low confidence derails the nascent recovery and jeopardizes the return to price stability," he said. Investors are also focused on the US Federal Reserve's own interest rate decision next week. Consumer inflation data on Wednesday was in line with expectations as it inched slightly higher in November to 2.7 percent. But figures on Thursday showed US wholesale inflation also ticked higher in November. Nonetheless, futures markets continued to show high confidence the Fed will still cut interest rates next week. But there are concerns that measures pledged by Trump to slash taxes and regulations and ramp up tariffs could reignite price increases. In Asia, Hong Kong and Shanghai rallied amid hopes that leaders in China will unveil more help for the economy, which is struggling under the weight of weak consumer spending and a chronic property crisis. Tokyo gained more than one percent on a weaker yen. New York - Dow: DOWN 0.5 percent 43,014.12 (close) New York - S&P 500: DOWN 0.5 percent at 6,051.25 (close) New York - Nasdaq Composite: DOWN 0.7 percent at 19,902.84 (close) London - FTSE 100: UP 0.1 at 8,311.76 (close) Paris - CAC 40: FLAT at 7,420.94 (close) Frankfurt - DAX: UP 0.1 percent at 20,426.27 (close) Tokyo - Nikkei 225: UP 1.2 percent at 39,849.14 (close) Hong Kong - Hang Seng Index: UP 1.2 percent at 20,397.05 (close) Shanghai - Composite: UP 0.9 percent at 3,461.50 (close) Euro/dollar: DOWN at $1.0468 from $1.0496 on Wednesday Pound/dollar: DOWN at $1.2669 from $1.2751 Dollar/yen: UP at 152.68 yen from 152.45 yen Euro/pound: UP at 82.59 from 82.31 pence West Texas Intermediate: DOWN 0.4 percent at $70.02 per barrel Brent North Sea Crude: DOWN 0.2 percent at $73.41 per barrel burs-jmb/dw
Urban Outfitters ( NASDAQ:URBN – Free Report ) had its target price boosted by Morgan Stanley from $38.00 to $41.00 in a research report released on Wednesday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the apparel retailer’s stock. A number of other equities research analysts have also recently weighed in on the company. Bank of America upped their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the company from $42.00 to $59.00 in a research report on Wednesday. Robert W. Baird upped their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday. Telsey Advisory Group lifted their price objective on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Jefferies Financial Group reduced their price objective on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.27. Read Our Latest Research Report on Urban Outfitters Urban Outfitters Stock Performance Urban Outfitters ( NASDAQ:URBN – Get Free Report ) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.28. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. Equities analysts forecast that Urban Outfitters will post 3.79 earnings per share for the current fiscal year. Insider Transactions at Urban Outfitters In other news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Insiders own 31.80% of the company’s stock. Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in Urban Outfitters by 1.1% during the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock worth $107,244,000 after acquiring an additional 31,100 shares during the last quarter. Marshall Wace LLP increased its position in Urban Outfitters by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after purchasing an additional 1,230,771 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Urban Outfitters by 3.1% in the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock valued at $79,433,000 after buying an additional 62,019 shares during the period. American Century Companies Inc. lifted its position in Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after buying an additional 264,708 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after buying an additional 18,249 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock. About Urban Outfitters ( Get Free Report ) Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45. Featured Articles Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter .Barcelona grabs last quarterfinal spot in Women's Champions League with 3-0 win in Stockholm
Nov 23 - This was originally published in the Reuters On the Money newsletter, where we share U.S. personal-finance tips and insights every other week. Sign up here to receive it for free. Inflation-weary Americans should see the cost of a classic Thanksgiving dinner gobble less of their paychecks this year. That is because we are buying less of the meal's centerpiece dish, turkey. The price tag of the traditional holiday meal, which also includes cranberries, sweet potatoes and stuffing, dropped for a second consecutive year, according to the American Farm Bureau Federation's annual survey released on Wednesday. The average cost for a 10-person meal came to $58.08, down from $61.17 last year and a record $64.05 in 2022, Farm Bureau data shows. That’s the good news. The bad news is the overall cost of hosting Thanksgiving is up, thanks to inflation . The typical host will shell out $431 on food, drinks and decor, a 19% increase from last year, according to a survey from Lending Tree , opens new tab . What is on your Thanksgiving menu? Where are you seeing the biggest changes in food, drink and decor prices? Write to me at onthemoney@thomsonreuters.com. All three of our kids are coming home to New York for Thanksgiving this year – and they are traveling by train as well as by plane. They will be in good company: About 1.7 million more people will travel this year from Tuesday, Nov. 26 to Monday, Dec. 2, compared to a similar period in 2023, travel group AAA says. Americans are expected to set a new record for Thanksgiving travel, with nearly 80 million expected to hit the roads, catch flights and board cruises over the holiday period. Betting on increased demand from Thanksgiving travelers, Uber launched "XXL" rides with extra trunk space this week. The ride-hailing company is trying to overcome a slowdown in its mainstay app-based taxi business. Bitcoin marches towards $100,000 on optimism over Trump crypto plans How to stop a late-in-life divorce from ruining your retirement , opens new tab (NYT) Why it’s so hard to find a safe-deposit box , opens new tab (WSJ) Fed to lower rates in Dec but slow pace in 2025 on inflation risks: poll PIMCO bullish on stocks on US soft-landing hopes, cautious on inflation How to become a digital nomad , opens new tab (Washington Post) Weight-loss drug coverage rises among largest US employers, Mercer survey finds Like what you're reading? Subscribe to On the Money here. SHOP UNTIL YOU DROP? My inbox is bursting with holiday shopping deals. But it looks like it is going to take more than a few emails and app alerts to nudge shoppers like me to open our wallets. Overall holiday shopping is expected to grow at the slowest pace in six years , with mobile spending accounting for 53% of online holiday sales. To lure consumers, companies such as Target are cutting prices on thousands of essential and gift items ahead of the holiday season. But inflation is still a big hurdle. (Do you see a theme to this week’s newsletter?!?) Deloitte’s 2024 holiday retail survey found 70% of consumers expect to face higher prices this year, so they're being especially frugal . I’ve been eyeing some holiday items, but I’m also parking them in my online shopping cart, just in case better deals emerge. Do you have any tricks to share on ways to save? And, out of curiosity, how much do you plan to spend on holiday gifts? Write to me at onthemoney@thomsonreuters.com. The ins and outs of Medicare are always tricky. Medicare Advantage plan marketers are trying to capitalize on changes that take effect next year in Medicare’s Part D prescription-drug coverage. If signed up for traditional Medicare with a standalone Part D plan, you may find your premium jumping or see changes in deductibles or cost-sharing arrangements. That means it is important to re-check your coverage this autumn if you are in a standalone plan. The same is true if you have a Medicare Advantage plan with drug coverage wrapped in with no extra premium – the terms of that drug coverage may be changing, too. Here is what you need to know now . Are you wondering if you should lease or buy a new car? Are you wondering how to save for college? Send your money questions to onthemoney@thomsonreuters.com and I'll tap my extensive source network and braintrust for expert advice. Don’t forget to subscribe to this newsletter ! Even better, share it with a friend! Sign up here. Reporting by Lauren Young; Editing by Rod Nickel Our Standards: The Thomson Reuters Trust Principles. , opens new tab Thomson Reuters From retirement to real estate, Lauren Young covers wealth and workplace topics at Reuters, where she is the editor of digital special projects and writes the On the Money newsletter. In 2020, she was recognized as a Reuters Journalist of the Year for a social media series on race in America.Previously, Young covered personal finance at BusinessWeek, SmartMoney Magazine and the Dow Jones Newswires. Young co-founded the 29 Post at Brooklyn’s P.S. 29 elementary school. She serves on the board of the Brooklyn Heights Synagogue, where is she is the immediate past president.She holds a BA in English from Penn State and an MSJ from the Medill School of Journalism at Northwestern University.
SAO PAULO (AP) — federal police on Thursday formally accused former President Jair and 36 other people of attempting a coup to keep him in office after his defeat in the 2022 elections. Police said their sealed findings were being delivered Thursday to Brazil’s Supreme Court, which will refer them to Prosecutor-General Paulo Gonet, who decides either to formally charge Bolsonaro and put him on trial, or toss the investigation. Bolsonaro told the website Metropoles that he was waiting for his lawyer to review the accusation, reportedly about 700 pages long. But he said he would fight the case and dismissed the investigation as being the result of “creativity.” The former right-wing president has denied all claims he tried to stay in office after in 2022 to his rival, leftist President Luiz Inácio Lula da Silva. Bolsonaro has faced a series of legal threats since then. Police said in a brief statement that the Supreme Court had agreed to reveal the names of all 37 people who were accused “to avoid the dissemination of incorrect news.” Dozens of former and current Bolsonaro aides also were accused, including Gen. Walter Braga Netto, who was his running mate in the 2022 campaign; former Army commander Gen. Paulo Sérgio Nogueira de Oliveira; Valdemar Costa Neto, the chairman of Bolsonaro’s Liberal Party; and his veteran former adviser, Gen. Augusto Heleno. Other investigations produced formal accusations of Bolsonaro’s roles in into Brazil without properly declaring them and in directing a subordinate to falsify his and others’ COVID-19 vaccination statuses. Bolsonaro has denied any involvement in either. Another probe found that he had to cast doubt on the country’s voting system, and judges barred him from running again until 2030. Still, he has insisted that he will run in 2026, and many in his orbit were heartened by the recent U.S. election win of Donald Trump, despite his own swirling legal threats. But the far-reaching investigations already have weakened Bolsonaro’s status as a leader of Brazil’s right wing, said Carlos Melo, a political science professor at Insper University in Sao Paulo. “Bolsonaro is already barred from running in the 2026 elections,” Melo told the The Associated Press. “And if he is convicted he could also be jailed by then. To avoid being behind bars, he will have to convince Supreme Court justices that he has nothing to do with a plot that involves dozens of his aides. That’s a very tall order,” Melo said. A formal accusation of an attempted coup means the investigation has gathered indications of “a crime and its author,” said Eloísa Machado de Almeida, a law professor at Getulio Vargas Foundation, a university in Sao Paulo. She said she believed there was enough legal grounds for the prosecutor-general to file charges. Bolsonaro’s allies in Congress have been negotiating a bill to pardon individuals who stormed the Brazilian capital and rioted on Jan. 8, 2023 in a failed attempt to keep the former president in power. Analysts have speculated that lawmakers want to extend the legislation to cover the former president himself. However, efforts to push a broad amnesty bill may be “politically challenging” given recent attacks on the judiciary and details emerging in investigations, Machado said. On Tuesday, Federal Police arrested four military and a Federal Police officer, to assassinate Lula and Supreme Court Justice Alexandre de Moraes as a means to overthrow the government following the 2022 elections. And last week, . He attempted to enter the Supreme Court and threw explosives outside, killing himself.