Business
Warriors Eye LeBron James and AD While Kawhi Leonard Drama Intensifies Even Further
With NBA free agency set to officially open Tuesday, league sources are describing one of the most chaotic rumor cycles in recent memory, anchored by a Golden State pursuit of two future Hall of Famers, an unresolved standoff over Kawhi Leonard’s future, and a Miami backcourt outlook that has Heat fans bracing for disappointment despite landing Giannis Antetokounmpo. Here’s a rundown of the latest trade chatter sweeping the league.
The Warriors are chasing LeBron James and Anthony Davis
In what would amount to one of the most ambitious roster moves of the offseason, the Golden State Warriors are attempting to trade for Washington Wizards big man Anthony Davis and then sign Lakers free agent LeBron James, according to multiple league sources cited by ESPN.
A trade for Davis would require Golden State to include forward Jimmy Butler, currently on an expiring $57 million contract while recovering from a torn ACL, along with significant draft capital from the Warriors’ stockpile of two future first-round picks and four first-round pick swaps. The hope, according to sources, is that adding Davis would help convince James to leave Los Angeles for the Bay Area once free agency opens, reuniting him with Stephen Curry, Draymond Green and head coach Steve Kerr in pursuit of one final championship run.
The financial reality complicates that plan considerably. ESPN’s Shams Charania reported last week that the Lakers have not yet made James an offer, meaning he may need to sign elsewhere for the taxpayer mid-level exception, worth a little over $15 million, unless a sign-and-trade is arranged. Klutch Sports CEO Rich Paul said “10 to 12 teams” have already checked in about adding James this summer.
Washington, meanwhile, has shown little appetite to move Davis. Wizards general manager Will Dawkins addressed the situation on ESPN’s live draft broadcast last week. “He wants to be here. We want him here,” Dawkins said. “We’ll have that conversation in the middle of August when we can officially have that.” Davis becomes eligible for a four-year, $275 million extension on August 6, though a trade before then would reset that eligibility clock by six months under the league’s collective bargaining agreement.
Adding to the uncertainty is Butler’s own standing in the Bay Area. Speaking after a Warriors team event this week, Butler said he wants to remain with Golden State but acknowledged the business reality of the situation. “If I get traded, I get traded,” Butler said, according to ESPN’s Anthony Slater. “Their job is to win. Can I help them do that? Yes. If they feel like somebody else can help them do that on a quicker timetable than whenever I come back, then they got to go and do that. But as of right now, I’m here.”
Kawhi Leonard’s situation grows more tangled
Conflicting accounts continue to surround Leonard’s future with the Los Angeles Clippers, with at least three franchises now connected to potential trade talks. According to The Athletic’s Christian Clark, Dan Woike and Sam Amick, Dallas Mavericks president Masai Ujiri has expressed interest in reuniting with Leonard, the same star he famously acquired for Toronto in 2018. Sources told The Athletic that the Mavericks and Clippers have discussed a deal that would send Leonard to Dallas in exchange for a package including P.J. Washington, Klay Thompson and draft picks.
Separately, sources have described the Clippers and Toronto Raptors as having had serious discussions about sending Leonard back to the franchise he led to its only championship in 2019, though other sources have characterized that Toronto chatter as more about creating leverage in extension talks with Los Angeles than a genuine reunion effort.
Miami’s backcourt plans draw skepticism
Despite landing Antetokounmpo in a blockbuster trade, the Miami Heat’s reported free-agency targets have raised questions about the team’s broader plans. The Stein Line reported that veteran guards Tim Hardaway Jr. and Mike Conley are “priority targets” for Miami this offseason.
The constrained approach stems largely from Miami’s salary-cap situation. The Heat are hard-capped at the first apron, limiting their ability to make a competitive offer to free agent guard Norman Powell, who is also drawing interest from the Chicago Bulls and Detroit Pistons. League sources say Miami has shopped forward Nikola Jović in an effort to create salary flexibility to retain Powell, though Jović’s contract, the first year of a four-year, $62 million deal, has made him a difficult player to move.
Sources also indicated that Miami had interest in Memphis Grizzlies guard Ja Morant before the Antetokounmpo trade, though league sources now expect Morant to be traded this week rather than bought out.
Charlotte’s roster moves point toward a bigger swing
After trading LaMelo Ball to the Minnesota Timberwolves and Miles Bridges to the Phoenix Suns, the Charlotte Hornets may not be finished reshaping their roster. According to HoopsHype’s Michael Scotto, Charlotte has had exploratory conversations regarding Boston Celtics star Jaylen Brown, conversations that notably included center Naz Reid, whom the Hornets acquired in the Ball trade and whom Boston had previously sought as part of separate Brown trade discussions with Minnesota.
Hornets head coach Charles Lee previously served as a Boston assistant, giving the organization existing familiarity with Brown, who is coming off a season in which he led the Celtics to 52 wins even without Jayson Tatum for much of the year.
The new draft relegation zone is reshaping trade calculus
Elsewhere, the league’s newly introduced draft relegation zone is influencing decision-making for teams near the bottom of the standings. In New Orleans, multiple teams have reportedly offered two first-round picks for wing Trey Murphy, with Pelicans general manager Joe Dumars pushing for three. In Sacramento, the Kings, currently $4.1 million over the luxury tax line, have explored multiple paths to get under the threshold, including a potential waive-and-stretch of DeMar DeRozan’s partially guaranteed contract, while attaching draft capital to other players in trade offers to shed salary without sacrificing too much of the roster’s remaining talent.
With several of these situations still unresolved heading into Tuesday’s official start of free agency, the coming days are expected to bring continued movement across the league as front offices race to finalize their rosters. Whether the Warriors can pull off their ambitious pursuit of James and Davis, where Leonard ultimately lands, and how Miami’s backcourt situation resolves itself all stand as some of the most closely watched storylines as the offseason enters its most active stretch.
Business
Verizon, Britain’s BT to Form International Connectivity Joint Venture
Verizon Communications and BT Group said they would merge their international enterprise operations to form a joint venture, turning to a partnership to provide connectivity services to thousands of clients across several countries.
The two companies said in a joint statement that they had signed an agreement to set up the joint venture, in which both groups will have equal voting rights. The joint venture is expected to serve over 3,000 clients in more than 180 countries, representing roughly $4 billion in combined annual revenue.
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Business
Danaher: Why I’m Not Paying 24x P/E For 8% EPS Growth (NYSE:DHR)
Wolf Report is a senior analyst and private portfolio manager with over 10 years of generating value ideas in European and North American markets, and the owner of Wolf of Value, a service focusing on international dividend-paying value investments.He further covers the markets of Scandinavia, Germany, France, UK, Italy, Spain, Portugal and Eastern Europe in search of reasonably valued stock ideas.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MKGAF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. It may be structured as such, but it is not financial advice. Investors are required and expected to do their own due diligence and research prior to any investment.
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Business
HAL announces final dividend of Rs 10 for FY26. Check record date and other details
If approved at the AGM, the dividend will be paid to eligible shareholders within 30 days. The company has also set Friday, August 14, 2026 as the record date for determining eligibility for the payout.
HAL is India’s premier aerospace and defence company. It operates under the administrative control of the Ministry of Defence and plays a crucial role in the design, development, manufacture, repair, and overhaul of aircraft, helicopters, engines, and related systems.
The company is a key supplier to the Indian Armed Forces and has been at the forefront of India’s defence indigenisation efforts.
Over the past three months, HAL shares have gained 20.63%, while rising 0.63% in the last one month. However, the stock is down 11.62% over the past year and 17.77% over the last two years.
In Q4 results, the company reported a consolidated net profit of Rs 4,196 crore for the March-ended quarter, marking a 6% year-on-year (YoY) rise from the Rs 3,977 crore profit reported in the year-ago periodThe defence major’s revenue from operations rose 2% YoY to Rs 13,942 crore in Q4FY26, from Rs 13,700 crore reported in the corresponding quarter of the previous financial year.
For the full financial year 2026, the company reported a nearly 9% rise in net profit to Rs 9,116 crore, compared with Rs 8,364 crore in FY25. The company’s revenue grew around 7% to Rs 33,089 crore in FY26 from Rs 30,981 crore in the previous financial year.
The PSU’s net profit more than doubled from Rs 1,867 crore reported in the third quarter of FY26. Revenue from operations surged over 81% quarter-on-quarter (QoQ) from Rs 7,699 crore in the December quarter.
Also Read | Zerodha now wants to enter investment banking space, seeks Sebi nod
Hindustan Aeronautics Limited’s earnings per share (EPS) rose nearly 6% to Rs 62.57 during the fourth quarter and more than 9% to Rs 135.71 for the financial year ended March 31, 2026. Its overall net worth, meanwhile, jumped 17% to Rs 40,862 crore in FY26.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and twitter handle
Business
Ex-company director Trent Bowden pleads guilty over $1.5m misuse
A former Perth-based company director has pleaded guilty to charges relating to alleged dishonest access and use of more than $1.5 million of investors’ funds.
Business
Instagram Expands User Controls Over Algorithm With New Customization Tests
Instagram is rolling out additional ways for users to directly influence the content they see, as the Meta-owned platform continues to expand its “Your Algorithm” feature across more sections of the app.
In a recent post, Instagram head Adam Mosseri highlighted several experimental ideas aimed at making algorithm customization more accessible and integrated into everyday use. The updates build on efforts launched last year to give users greater visibility into and control over the topics the platform’s recommendation systems associate with their accounts.
“We want to evolve Your Algorithm from a setting to something that feels central to your experience on Instagram,” Mosseri said. He added, “Some of this is testing now, some is coming soon, some might not work.”
The feature, initially introduced for Reels, allows users to review topics Instagram believes they are interested in, add new ones they want to see more of, and remove those they prefer less. It has since expanded to the Explore page and, more recently, the main feed.
Mosseri’s latest examples demonstrate potential new access points. One concept involves pulling down on the home feed to surface the Your Algorithm menu for quick adjustments. Another envisions swiping up from a Reel to prompt similar customization options. A third shows simple buttons beneath individual Reels, letting users signal whether they want to see more content like it.
These tests reflect a broader push by Instagram to increase user agency in an era where algorithmic recommendations dominate feeds. Mosseri has emphasized that people who spend significant time on the platform should have meaningful control over their experience.
The expansion to the main feed, announced earlier in June, marked a notable step. Users can now see and tweak the topics the system links to their interests across major surfaces including Reels, Explore and Feed.
Instagram’s algorithm relies on numerous signals, with watch time, likes and shares emerging as particularly influential factors according to previous statements from Mosseri. The company uses machine learning to predict engagement, but the Your Algorithm tool aims to make those predictions more transparent and adjustable.
Topics currently form the core of the customization options, but Instagram plans to broaden the feature. Future iterations could support preferences for specific people, moods or vibes, and different content types.
This evolution comes amid ongoing user feedback about feed relevance. Many express frustration that recommended content often overshadows posts from accounts they follow. Popular comments on Mosseri’s announcements frequently echo calls for prioritizing followed accounts.
Instagram has acknowledged the tension between personalized recommendations and chronological feeds from connections. Recommendations now drive much of the platform’s growth, particularly through Reels, while still blending content from followed users.
The platform reached over 3 billion monthly active users in recent years, highlighting the scale at which these algorithmic decisions affect global audiences. For creators, the changes could influence visibility, as content aligned with user-selected topics may perform better in recommendations.
Experts note that giving users more direct input could help address concerns about filter bubbles and echo chambers. By allowing explicit topic adjustments, Instagram hopes to balance discovery of new content with relevance to stated preferences.
However, challenges remain in implementation. Algorithms must interpret user signals accurately without creating overly narrow experiences. Testing phases allow the company to gather data on what works before wider deployment.
Mosseri has shared philosophical thoughts on the matter, framing it as part of a larger effort toward transparency and user empowerment in social media. He has reviewed his own algorithm settings and encouraged others to do the same.
For everyday users, these tools could simplify managing overwhelming feeds. Instead of relying solely on implicit signals like past likes and views, people can make declarative choices about interests ranging from hobbies and news to entertainment categories.
The feature’s rollout has been gradual, starting with Reels before broader integration. This phased approach helps Instagram refine the interface based on real usage patterns.
As social platforms face scrutiny over content moderation, mental health impacts and information flow, features like Your Algorithm represent attempts to shift some control back to individuals. Similar tools exist on other services, but Instagram’s integration across multiple surfaces stands out.
Creators and marketers are watching closely. Content that matches actively chosen topics stands a better chance of surfacing, even for non-followers. This encourages more focused, high-quality production rather than generic posts.
Instagram continues to iterate on ranking systems. Watch time remains a top signal, underscoring the importance of engaging, vertical-format videos that hold attention.
The latest tests for in-the-moment customization, such as quick “more of this” or “less of that” signals during browsing, could make adjustments feel seamless rather than buried in settings menus.
User reactions vary. While some welcome greater control, others prioritize simplicity and question whether deeper tweaks will truly change their experience. The most common request remains stronger emphasis on content from followed accounts in primary feeds.
Instagram has not announced exact timelines for all proposed features, consistent with Mosseri’s note about ongoing experimentation. Some elements may never launch if testing reveals issues.
This focus on algorithm transparency aligns with Mosseri’s history of sharing insights into how Instagram ranks content across different surfaces. He has previously detailed factors for Feed, Reels, Explore and Stories.
For businesses and influencers, understanding these shifts is crucial. Adjusting strategies to align with user-selected interests could boost reach, while ignoring them might limit exposure in recommendation-driven sections.
Parents and younger users may also benefit from clearer controls, though Instagram maintains separate safeguards for teen accounts.
As the platform evolves, the balance between algorithmic curation and user direction will likely remain a key area of development. Mosseri has indicated this is just the beginning of efforts to make Instagram more responsive to individual needs.
In practice, accessing Your Algorithm currently involves navigating to relevant sections or checking account settings. With new tests, it could become as intuitive as interacting with any post or swipe gesture.
The feature does not alter content moderation policies or introduce new restrictions. It focuses purely on personalization of recommendations.
Industry observers see this as part of a competitive response to user demands for better feed quality across social apps. As attention economies intensify, platforms investing in perceived control may retain users longer.
Instagram’s parent company Meta has emphasized responsible AI development, which extends to recommendation systems. Large language models reportedly help translate complex ranking data into understandable topic labels for users.
Looking ahead, expansions beyond topics could include vibe-based preferences, such as uplifting content or specific aesthetics, further personalizing the experience.
Users interested in trying current options can check their settings or look for prompts in Reels and Explore. As tests progress, more may appear in the main feed.
The developments underscore Instagram’s ongoing commitment to refining its core product amid a crowded digital landscape. By listening to feedback and experimenting with access methods, the company aims to make its powerful algorithms feel more collaborative than opaque.
Business
Opinion: More to machinery than price
OPINION: Asian manufacturers do not need to replace the established brands to change the market.
Business
Chinese EV battery makers pledge to pay suppliers more quickly

Chinese EV battery makers pledge to pay suppliers more quickly
Business
2 top stock recommendations from Vinay Rajani
Speaking to ET Now, Vinay Rajani from HDFC Securities said the market is moving within a well-defined range after forming a long-leg doji candlestick pattern last week, indicating indecision among market participants.
“The market seems to be in a mood of consolidation. Last week, Nifty formed a long-leg doji candlestick pattern. It was a holiday-truncated week, with last week’s high at 24,261 and the low at 23,784. The index has been consolidating within this range for the last six to seven sessions,” he said.
“If we look at the moving average setup, Nifty is currently holding above its 20-day and 50-day moving averages, which are coinciding around the 23,850 level. On the higher side, however, Nifty has not been able to surpass its 100-day exponential moving average, placed around 24,150. This indicates a complete consolidation phase—above the 20-day and 50-day EMAs but below the 100-day EMA—which shows that confidence is still lacking,” he added.
Rajani also pointed out that the broader market, which had been outperforming in recent months, has begun to lose momentum in the short term, adding to the cautious outlook.
“The broader market, which was previously outperforming, has started losing momentum on the upside and is showing weakness on the short-term charts. Overall, we may continue to consolidate within the current range. On the downside, 23,800 to 23,780 remains an important support zone. Unless this level is broken, we can continue to remain hopeful about the market. Selective sectors are still performing well. Today, pharma and healthcare are outperforming,” he said.
Financials and Pharma Remain Preferred Bets
While the benchmark indices may remain range-bound, Rajani believes sector-specific opportunities continue to exist. He remains optimistic about financials, particularly banking and NBFC stocks, while pharma continues to display relative strength.
“If we look at the sectors, the NBFC and banking space are relatively stronger on the positional charts. Overall, the primary trend of the market remains upward, and we believe financial stocks can be accumulated at lower levels. Dips should be bought. Right now, it is a muted short-term setup, but 23,800 should be kept as the stop-loss on a closing basis,” he said.
Stock Picks for Traders
On individual stock recommendations, Rajani highlighted opportunities in the pharma and NBFC segments, citing strong technical setups.
“Considering the sector strength, pharma is doing very well today and its primary trend remains positive. The index is trading near its all-time high, and the healthcare sector is also performing well. Within the sector, Gland Pharma is looking quite strong. It is on the verge of breaking out from a consolidation pattern, while the primary trend remains positive. Around ₹2,360, one can go long with a trading stop-loss at ₹2,310. On the upside, I expect a target of ₹2,470,” he said.
He also recommended L&T Finance as his preferred pick from the financial space.
“The second stock I would pick is from the NBFC space. L&T Finance is one stock that we believe could perform well in the coming weeks. Although it has corrected slightly in the intraday session, we believe the dip should be bought. Around ₹300–301, one can go long with a stop-loss at ₹295. On the upside, I expect a short-term target of ₹312,” he said.
Near-Term Outlook
With Nifty caught between key moving averages, traders are likely to watch the 23,800 support level closely. A decisive move beyond the current trading range could determine the market’s next direction. Until then, analysts continue to favour a stock-specific approach, with financials and pharma emerging as preferred sectors during the consolidation phase.
Business
Seagate: Firing On All Cylinders, But The Stock Leaves Little Upside (NASDAQ:STX)
For over 12 years, I have been engaged as a passionate private investor and analyst in the technology sector. My professional career began in IT infrastructure management before transitioning to investment analysis, where I specialized in emerging technology companies. My analyses are based on a combination of fundamental valuation methods and a profound understanding of technological developments. I place special emphasis on identifying companies that can build structural competitive advantages through innovative technologies. As a contributor to Seeking Alpha, I aim to share my perspectives on technology stocks and provide well-founded insights that go beyond superficial market trends.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Opinion: Time to back local industrial muscle
OPINION: Domestic manufacturing is the ultimate value-multiplier and the single best protector of sovereign capability.
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