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Ecuadorian forces have revealed how they captured the country’s most-wanted man, drug lord Adolfo “Fito” Macías, more than a year after his brazen prison escape prompted the president to declare an internal armed conflict to crack down on the country’s most violent gangs.

After an almost 18-month manhunt for the leader of the criminal group Los Choneros, the Ecuadorian Security Bloc made a breakthrough on June 25. They obtained intelligence that alerted them to a luxurious home in the province of Manabí, the gang’s longtime stronghold for drug operations.

Authorities immediately traveled to the area and launched a 10-hour operation to try to find and capture the notorious gangster. To prevent the raid from being thwarted, the military and police shut down access within a 15-block radius so no one could enter or leave the site.

Special teams from the armed forces eventually entered the property to gather more information and take control of the house.

It was a fully equipped villa, featuring a pool, a gym, appliances, a game room, marble-like walls, and features that indicated the property was still under construction.

In one area of the house, there was a perfectly camouflaged hole in the floor, containing a bunker with hidden access and air conditioning.

“Police and armed forces on the scene began conducting a search with instruments to see where alias ‘Fito’ was hiding,” Ecuador’s Interior Minister John Reimberg said.

A surveillance flight had identified an irregular crop field behind the house, so authorities requested the use of excavators to locate the drug lord.

“They started to excavate. As soon as this happened, Fito panicked because if we continued, the roof of his bunker would collapse. At that moment, he opened the hatch, where the military was already located, and climbed out of the hole where he was hiding. That’s how we detained him,” Reimberg said.

Soldiers pinned Macías to the ground, pointed weapons at him and ordered him to say his full name out loud.

“Adolfo Macías Villamar,” he said while lying on the floor with his hands behind his back, footage from the army showed.

After the operation, authorities arrested Macías, along with four other men identified as part of his security detail.

Macías was immediately transferred to the Manta Air Base and then to the Guayaquil Air Base. From there, he was taken to the maximum-security La Roca prison, located in the Guayaquil prison complex, behind La Regional prison, from where he escaped in January 2024.

A photo later released by the interior ministry showed the drug lord locked inside his cell.

President Daniel Noboa said Ecuador is working to extradite him to the United States – where he faces drugs and weapons charges – and is awaiting a response from American officials.

Macías is one of Ecuador’s most notorious gangsters and is the only founding member of Los Choneros believed to still be alive. In 2011 he was sentenced “for a string of crimes, including homicides and narcotics trafficking,” according to think tank Insight Crime, but sprung out of jail in February 2013 before being recaptured months later.

Little is known about his life prior to crime, but he gained a reputation for being the gang’s money laundering expert while incarcerated for over a decade.

Before he fled prison in 2024, the government was planning on moving Macías to a higher-security facility. Noboa’s press secretary told a local channel that the news had likely reached Macías and prompted him to make his escape.

This post appeared first on cnn.com

Min Young-jae has not seen or heard anything about her eldest brother for 75 years. He was 19 and she was only 2 when, during the early days of the Korean War, he was kidnapped to the North.

Their peaceful days were shattered on June 25, 1950, when North Korea invaded the South. The three-year war would kill more than 847,000 troops and about 522,000 civilians from both sides, and tear apart more than 100,000 families, including Min’s.

After the war, the family kept the rusting doors of their tile-roofed house open, in hopes that their eldest would one day return. But over time, barbed wire has been installed between the two Koreas, and a modern apartment complex has replaced the house.

Though 75 years have passed without a single word about or from the brother, Min and her siblings remain hopeful that they will hear about him some day. Or, if not him, then his children or grandchildren.

A happy family

The family lived in Dangnim village, nestled between green mountains on the western side of Chuncheon city, nearly 100 kilometers northeast of Seoul. It was a village of chirping birds, streaming water and chugging tractors.

It was also dangerously close to the 38th parallel, which divided the peninsula after World War II.

Min Young-jae, the youngest of seven, does not remember fighting with any of her siblings growing up; only sharing tofu that her parents made, splashing in the stream and being carried around on her eldest brother’s shoulders.

Handsome, kind and smart, Min Young-sun was studying at the Chuncheon National University of Education, following in the footsteps of his father, the principal of Dangnim Elementary School.

“His nickname was ‘Math Whiz.’ He excelled in math, even his classmates called him Math Whiz,” Min Jeong-ja, the fifth child of the family, said.

Some days, students followed him all the way home, as he commuted via train and boat, asking him to teach math, the sisters recalled.

The sisters remember Min Young-sun as a caring brother. They caught fish and splashed in the nearby stream, now widely covered with reeds and weeds and almost out of water.

“We grew up in real happiness,” Min Jeong-ja said.

Torn apart

Living near the frontier between the newly separated Koreas – backed by the rival ideological forces of communism or capitalism – Min’s family was among the first to experience the horrors of the Korean War.

When Kim Il Sung’s North Korean troops invaded, Min Jeong-ja remembers seeing her grandmother running in tears, with a cow in tow, screaming: “We’re in a war!”

“We all spread out and hid in the mountains, because we were scared. One day, we hid the 4-year-old, Young-jae, in the bushes and forgot to bring her back because we had so many siblings. When we returned that night, she was still there, not even crying,” Min Jeong-ja said.

While the family was running in and out of the mountains, taking shelter from the troops coming from the North, Min Young-sun was kidnapped, taken to the North by his teacher.

“The teacher gathered smart students and hauled them (away). He took several students, tens of them. Took them to the North,” Min Jeong-ja said.

It is unknown why the teacher would have kidnapped the students to North Korea, but the South Korean government assumes that Pyongyang had abducted South Koreans to supplement its military.

“People called the teacher a commie,” Min Jeong-ja said.

That heartache was soon followed by another: the death of the second-eldest brother. He died of shock and pain, in deep sorrow from the kidnap of his brother, according to the sisters.

“The grief was huge. Our parents lost two sons… imagine how heartbreaking that would be,” Min Jeong-ja said.

For their father, the pain of losing two sons was overwhelming. He developed a panic disorder, she said, and would struggle to work for the rest of his life.

“He couldn’t go outside; he stayed home all the time. And because he was hugely shocked, he struggled going through day-to-day life. So, our mom went out (to work) and suffered a lot,” Min Young-jae said.

The mother jumped into earning a living for the remaining five children and her husband. Still, every morning she prayed for Min Young-sun, filling a bowl with pure water as part of a Korean folk ritual and leaving the first scoop of the family’s rice serving that day in a bowl for a son whom she believed would return one day.

“She couldn’t move house; in case the brother cannot find his way back home. She wouldn’t let us change anything of the house, not even the doors. That’s how she waited for him… We waited for so long, and time just passed,” Min Jeong-ja said.

The pain continues

Min Jeong-ja was 8 years old when the war started, but witnessed brutality that would overwhelm many adults.

“So many kids died. When I went out to the river to wash clothes, I occasionally saw bodies of children floating,” she recalled.

She remembers witnessing North Korean soldiers lining up people in a barley field, and shooting at them with submachine guns. “Then one by one, they fell on the barley field.”

“I saw too much. At one point – I didn’t even know if the soldier was a South Korean or North Korean – but I saw beheaded remains.”

The Min family is one of many torn apart by the war. More than 134,000 people are still waiting to hear from their loved ones believed to be in North Korea, which is now one of the world’s most reclusive states, with travel between the two countries nigh-on impossible.

Years after the Korean War, the two Koreas discussed organizing reunions for the separated families that have been identified from both sides through the Red Cross and both governments.

The first reunion happened in 1985, more than 30 years after the ceasefire agreement was signed, and the annual reunions kicked off in 2000, when many first-hand war victims were still alive, but occasionally halted when tensions escalated on the peninsula.

Once the two governments agree on a reunion date, one of the two Koreas selects families, prioritizing the elderly and immediate relatives, then shares the list with the other, which would cross check the family on its side to confirm the list of around 100 members.

The selected families would meet at an office specifically built for reunions at the Mount Kumgang resort in North Korea.

The Min siblings applied to the Red Cross at least five times and listed themselves under the South Korean government as a separated family. But there was never any word on their brother’s whereabouts from the other side.

As 75 years passed, the siblings grew up, got married, and formed their own families – but questions about their stolen brother linger.

Even worse, the annual reunions of separated families have been halted since 2018, following failed summit between US President Donald Trump and North Korea’s leader Kim Jong Un in Hanoi, while first-hand victims of the war age and pass away.

The Kumgang resort was dismantled by the North in 2022, also amid strained tensions.

But the siblings, following their parents’ wishes, still hope to connect with Min Young-sun, who would now be 94 years old.

“It’s been a long time since we were separated, but I would be so grateful if you’re alive. And if you’re not, I still would love to meet your children. I want to share the love of family, remembering the happy days of the past… I love you, thank you.”

She and the siblings remember the kidnapped brother by singing his favorite song, “Thinking of My Brother,” a children’s song about a brother that never returned.

“My brother, you said you would come back from Seoul with silk shoes,” Min Young-jae sang, while her sister wiped away tears.

This post appeared first on cnn.com

Over a month ago, Super Micro Computer, Inc. (SMCI) appeared on our StockCharts Technical Rank (SCTR) Top 10 list. SCTRs are an exclusive StockCharts tool that can help you quickly find stocks showing strong technical strength relative to other stocks in a similar category.

Now, the stock market is dynamic, and SMCI, like many stocks, went through a consolidation period with its price trading within a certain range. While SMCI was basically moving sideways, other stocks, such as Palantir Technologies, Inc. (PLTR), Robinhood Markets Inc. (HOOD), and Roblox Corp. (RBLX), took their turn on the Top 10 SCTR list.

Spotting SMCI’s Potential Turnaround

After over a month of this sideways movement, SMCI is starting to show signs of a breakout. This can often be a sign of renewed strength for a stock to move higher, though there’s no guarantee.

A significant factor behind SMCI’s rise is the strength in AI-related tech stocks, which has given the broader market a big boost. The Nasdaq 100 ($NDX) hit record highs, and other major indexes such as the Nasdaq Composite ($COMPQ) and S&P 500 ($SPX) are just a hair away from hitting their record highs. For as long as this positive trend remains in place, SMCI will likely ride higher with the market.

Let’s break down SMCI’s daily chart.

FIGURE 1. DAILY CHART OF SMCI STOCK. SMCI broke out of a trading range and has the potential to rise higher if momentum strengthens. Monitor momentum indicators such as the RSI and PPO.Chart source: StockCharts.com. For educational purposes.

SMCI’s SCTR score was at 95.5 after Thursday’s close. The stock is trading comfortably above its 50-day simple moving average, its relative strength index (RSI) is approaching the 70 level, and the percentage price oscillator (PPO) is starting to show encouraging signs of positive momentum (see daily chart below).

Since SMCI has hit a high of $122.90, your initial thought might be that the stock has significant upside potential. It very well could. However, a key part of smart investing is understanding and managing risk. You know very well that any negative news headline is bound to send SMCI tumbling back to its lows; after all, it’s happened before.

Let’s say you spotted this breakout. The ideal approach is to wait for a pullback and a reversal back to the upside with strong follow-through before entering a long position. However, given the stock is moving relatively quickly, you let FOMO get to you and decided to enter a long SMCI position at around $48.

With the stock closing near its high for the day, there is the possibility of a higher move at the open, short of any negative news. But nothing is guaranteed, and you need downside protection for your position. Initially, your stop loss would be the top end of SMCI’s trading range. But what about your upside price targets?

For this, I turned to the weekly chart of SMCI and, using the annotation tool, added Fibonacci retracement levels from the March 2024 high to the November low.

FIGURE 2. WEEKLY CHART OF SMCI STOCK. Annotating Fibonacci retracement levels from the March 2024 high to the November 2024 low is one way to identify price targets.Chart source: StockCharts.com. For educational purposes.

Your first price target could be the 38.2% level, which falls just below $60. This aligns with the February high and was an area where the stock price stalled during August 2024 before it continued lower. If SMCI’s stock price hits that level, don’t be surprised if it wavers here. It could continue higher or fall lower depending on investor sentiment toward AI stocks.

Closing Position

Remember, protecting your capital is of utmost importance, regardless of whether the trade goes in your favor or not. Use stops with discipline, since stocks like SMCI can move both up and down quickly. Your objective should be to keep your losses small and let your profits run until the upside momentum dries up.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Take a tour of the FIVE latest updates and additions to our fan-favorite, professionally-curated Market Summary dashboard with Grayson!

In this video, Grayson walks viewers through the new charts and indexes that have been added to multiple panels on the page. These include mini-charts for the S&P sectors, a new index-only put/call ratio, intermarket analysis ratios to compare performance across asset classes, and a massive collection of key economic indexes that you can track like a pro. Plus, Grayson will show you how to install the accompanying Market Summary ChartPack – a pre-built collection of over 30 organized ChartLists designed to enhance your use of the Market Summary dashboard page.

This video originally premiered on June 26, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

Tudor Gold (TSXV:TUD,OTC Pink:TDRRF) has signed a definitive agreement to acquire American Creek Resources (TSXV:AMK,OTCQB:ACKRF) in an all-share transaction, marking a consolidation in BC’s Golden Triangle.

Under the deal, dated Wednesday (June 25), each American Creek shareholder will receive 0.238 shares of Tudor for each share held, effectively giving Tudor an 80 percent ownership stake in the Treaty Creek project — one of Canada’s largest undeveloped gold-copper porphyry systems. American Creek previously held a fully carried 20 percent interest.

‘Our acquisition of American Creek increases our interest to 80 percent in the Treaty Creek Project, which hosts one of the largest gold discoveries in Canada with excellent potential for expansion and additional gold-copper discoveries, at a reasonable per ounce of gold equivalent cost,’ said Joe Ovsenek, Tudor Gold president and CEO, in a press release.

According to Tudor, Treaty Creek is located adjacent to world-class deposits held by Seabridge Gold (TSX:SEA,NYSE:SA) and Newmont (TSX:NGT,NYSE:NEM). Treaty Creek’s flagship Goldstorm deposit is a large-scale system that holds both gold and copper mineralization, and the project has consistently returned high-grade intercepts.

The transaction also includes the settlement of up to US$2.22 million in severance obligations to American Creek insiders — US$1 million in cash and the remainder in Tudor shares at a price of US$0.537 per share.

These shares will be subject to a four month statutory hold period, pending approval from the TSX Venture Exchange.

Golden Triangle deal mirrors global M&A trend

The Tudor-American Creek deal is the latest in a wave of mining sector consolidations driven by a record gold price, rising corporate cash reserves and dwindling new deposit discoveries.

Notable deals in the first half of 2025 include the C$2.6 billion merger of Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Calibre Mining, which was announced in February and closed this month.

In Australia, Northern Star Resources (ASX:NST,OTC Pink:NESRF) closed its AU$5 billion acquisition of De Grey Mining in May. De Grey was the owner of the massive Hemi gold deposit. The same month, Gold Fields (NYSE:GFI,JSE:GFI) made a US$2.4 billion bid for Gold Road Resources (ASX:GOR,OTC Pink:ELKMF).

Ramelius Resources’ (ASX:RMS,OTC Pink:RMLRF) AU$2.4 billion acquisition of Spartan Resources (ASX:SPR,OTC Pink:GYYSF), announced in March, further underscores the appetite for consolidation.

Data from S&P Global Commodity Insights shows last year’s M&A activity laid the groundwork for this trend.

With US$26.54 billion in deal value across 62 qualifying transactions, gold remained the dominant metal of focus, accounting for 43 deals and US$19.31 billion of total deal value. ‘Ever-depleting mining reserves and limited exploration success mean that acquisition is now the key strategy for growth,’ the report notes.

Gold’s record price rise, which took it to the US$3,500 per ounce level in April, has made previously uneconomic deposits viable and pushed miners’ margins to historic highs.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

John Ciampaglia, CEO of Sprott Asset Management, discusses uranium supply, demand and pricing, also sharing details on the Sprott Physical Uranium Trust’s (TSX:U.U,OTCQX:SRUUF) recently closed US$200 million bought-deal financing.

‘It’s clearly acted as a very positive catalyst — the spot price has popped, a lot of the equities have popped on this,’ he said about the agreement.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

A peace agreement brokered by the White House to stem the bloodshed in the eastern Democratic Republic of Congo (DRC), where a militia allegedly backed by Rwanda occupies vast swaths of land, will be signed in Washington D.C. on Friday by officials of the two African nations.

But many remain unconvinced that the accord – portrayed as a “wonderful treaty” by United States President Donald Trump – can end the complex and long-running conflict, while the militia itself has yet to commit to laying down its weapons.

Trump was upbeat about the prospects for peace when teams from Rwanda and the DRC initialed a draft agreement on June 18, while at the same time suggesting that he would not get credit for his role in ending this or other conflicts.

On June 20, he wrote on Truth Social: “This is a Great Day for Africa and, quite frankly, a Great Day for the World! I won’t get a Nobel Peace Prize for this.”

He added: “I won’t get a Nobel Peace Prize no matter what I do, including Russia/Ukraine, and Israel/Iran, whatever those outcomes may be, but the people know, and that’s all that matters to me!”

Trump touts himself as a “peacemaker” and has expanded his interest in global conflicts to the brutal war in the mineral-rich eastern DRC. His peace deal could also pave the way for America’s economic interests in the region, as it eyes access to the DRC’s critical minerals.

US Secretary of State Marco Rubio will preside over the signing of the peace agreement by DRC Foreign Minister Thérèse Kayikwamba Wagner and her Rwandan counterpart Olivier Nduhungirehe on Friday.

More than 7,000 people have been killed, and some one million others displaced since January, when the M23 militia waged a fresh offensive against the Congolese army, seizing control of the two largest cities in the country’s east.

There has been increasing reports of summary executions – even of children – in occupied areas, where aid groups say they are also witnessing an epidemic of rape and sexual violence.

A complex war

The crisis in the eastern DRC, which shares a border with Rwanda and harbors large deposits of minerals critical to the production of electronics, is a fusion of complex issues.

In that genocide, hundreds of thousands of Tutsis and moderate Hutus were killed by Hutu militias.

Rwanda criticizes the DRC, which faces problems with militia violence, for integrating a proscribed Hutu militia group into its army to fight against the mainly Tutsi M23.

M23, which first emerged in 2012, is one of the most prominent militias battling for control of the DRC’s mineral wealth. The rebel group also claims to defend the interests of the Tutsis and other Congolese minorities of Rwandan origin.

UN experts and much of the international community believe that Rwanda backs M23 and supports the rebels with troops, leaving the nation on the cusp of war with the DRC over this alleged territorial violation.

The Rwandan government has not acknowledged this claim but insists it protects itself against the Hutu militia operating in the DRC, which it describes as an “existential security threat to Rwanda.”

M23 occupies strategic mining towns in the DRC’s eastern provinces of North and South Kivu.

In a report in December, the UN Group of Experts on the DRC said they found evidence that minerals “were fraudulently exported to Rwanda” from the DRC “and mixed with Rwandan production.”

Rwandan President Paul Kagame drew outrage last year when he admitted in a public address that Rwanda was a transit point for minerals smuggled from the DRC but insisted his country was not stealing from its neighbor.

What’s contained in the US peace deal?

Washington’s peace accord contains provisions on “respect for territorial integrity and a prohibition of hostilities,” including “disengagement, disarmament, and conditional integration of non-state armed groups,” according to a joint statement issued by the US, Rwanda and the DRC on June 18.

Other points include “facilitation of the return of refugees and internally displaced persons, as well as humanitarian access” and the establishment of a “regional economic integration framework” that could attract significant US investments into Rwanda and the DRC.

Asked whether AFC would surrender its arms, Victor Tesongo, a spokesperson for the coalition, said it was “not there yet” and that it was waiting on developments in Doha. He did not confirm whether airports in the eastern DRC that had been shut by the rebels would reopen for aid supply.

Why US efforts may fail

Previous truce agreements have failed to bring lasting peace between M23 and the Congolese armed forces.

In April, the rebels jointly declared a truce after meeting with representatives of the DRC during negotiations led by Qatar. Fighting flared up days after.

Qatar has been facilitating talks after Angolan President João Lourenço quit his mediation role following months of inability to broker peace.

One of those root causes, he said, was the “unfair distribution” of the DRC’s mineral wealth, which he claimed, “benefits a small elite and foreign powers, while ordinary Congolese, especially in the east, suffer displacement and misery.”

The DRC is roughly the size of western Europe and is home to more than 100 million people. The Central African nation is also endowed with the world’s largest reserves of cobalt – used to produce batteries that power cell phones and electric vehicles – and coltan, which is refined into tantalum and has a variety of applications in phones and other devices.

However, according to the World Bank, “most people in DRC have not benefited from this wealth,” and the country ranks among the five poorest nations in the world.

Kubelwa said another trigger for the conflict in the DRC was the country’s “weak institutions” and “suppression of dissent.”

A fragile peace

The DRC foreign minister’s office said it would comment on the deal after the document is signed.

Congolese human rights activist and Nobel laureate Denis Mukwege has described the deal as “vague” and tilted in Rwanda’s favor.

After details of the draft agreement were announced last week, he posted a statement on X criticizing it for failing to recognize “Rwanda’s aggression against the DRC,” which he wrote, “suggests it (the peace accord) benefits the unsanctioned aggressor, who will thus see its past and present crimes whitewashed as ‘economic cooperation.’”

He added: “In its current state, the emerging agreement would amount to granting a reward for aggression, legitimizing the plundering of Congolese natural resources, and forcing the victim to alienate their national heritage by sacrificing justice in order to ensure a precarious and fragile peace.”

For Kubelwa, “a true and lasting solution must go beyond ceasefires and formal agreements. It must include genuine accountability, regional truth-telling, redistribution of national wealth, reform of governance, and a broad national dialogue that includes all Congolese voices not just elites or foreign allies.”

“Without this, peace remains a fragile illusion,” he said.

This post appeared first on cnn.com

Germany has charged a Syrian juvenile with supporting a foreign terrorist organization for helping to plan a foiled attack on a Taylor Swift concert in Vienna last year, the prosecutor general said in a statement on Friday.

Identified as Mohammad A, the suspect helped the would-be attacker by translating Arabic bomb-building instructions and putting him in contact with a member of the Islamic State militia online, according to the charges against him.

Police made multiple arrests over a suspected plot to attack a Taylor Swift concert in the Austrian capital’s Ernst Happel Stadium, prompting the cancellation of all three of her shows there in August last year.

“Mohammad A has adhered to the ideology of the terrorist organization Islamic State (IS) since April 2024 at the latest,” the statement said.

“Between mid-July and August 2024, he was in contact with a young Austrian who was planning a bomb attack on a concert by singer Taylor Swift in Vienna.”

Austria’s coalition government earlier this month agreed on a plan to enable police to monitor suspects’ secure messaging in order to thwart militant attacks, ending what security officials have said is a rare and dangerous blind spot for a European Union country.

This post appeared first on cnn.com

The Tennis Channel is extending its deal with the Women’s Tennis Association that will see the cable TV network and streaming service continue to broadcast more than 2,000 matches each season.

While terms of the deal weren’t disclosed, Tennis Channel CEO Jeff Blackburn told CNBC in an interview there was a “pretty big step up in our payments” to the WTA for the U.S. media rights, which includes international tournaments and the WTA Finals event. The new agreement lasts through 2032.

“Our goal and mission is to just cover pro tennis and the game of tennis like no one else, every day, every hour, all year round. There’s no offseason,” Blackburn said. “WTA plays a huge role in that and it was a big priority for me to make sure that we renewed our relationship and extend it as long term as we were able.”

The exclusive rights renewal comes as the Tennis Channel is in the midst of a transition on several fronts.

Last year, longtime Tennis Channel CEO Ken Solomon was ousted from the company. Blackburn stepped into the role in early May, following a 24-year career at Amazon, where he helped to build out Prime Video and expand the streaming service into sports, among other businesses.

Meanwhile, Sinclair, the owner of broadcast stations as well as the Tennis Channel, had recently considered offloading the network, CNBC previously reported. The parent company, however, is no longer exploring a sale of the Tennis Channel, particularly since Blackburn has taken the helm, according to a person familiar with the matter who spoke on the condition of anonymity to discuss nonpublic details.

In the backdrop, the Tennis Channel, like its network peers, is contending with the continued loss of customers from the pay-TV bundle. While live sports garner the biggest audiences — and leagues have reaped huge rights payouts as a result — media companies are focused on growing the profitability of their streaming businesses.

In 2014 the 24/7 tennis network took its first step into streaming with Tennis Channel Plus, and later in 2022 introduced Tennis Channel 2, a free, ad-supported streaming channel. While Blackburn said Tennis Channel 2 has been successful and attracted a younger audience, he is focused on beefing up the Tennis Channel’s recently launched direct-to-consumer streaming app.

The app, which launched in November 2024, costs $9.99 a month or $109.99 annually and offers the same programming as the pay-TV network. Media companies are increasingly offering the same live sports featured on pay-TV networks on their counterpart streaming alternatives — most notably with the launch of Disney’s flagship ESPN app later this year.

“What’s important about the partnership is that they’re committing to doing more with us,” said Marina Storti, CEO of WTA Ventures, the commercial arm of the WTA. “They’re committed to that increased exposure across all of their platforms. They’re committed to ensuring this kind of equal exposure for women and men, where they have the rights. And they’re making a significant commitment. There is a substantial increase in the rights fees, which is a big milestone for us as part of our plan and commitment to growing.”

The Tennis Channel’s agreement with the WTA covers a large swath of the WTA’s tournaments outside of North America through the season-closing WTA Finals.

The audience for WTA events on the Tennis Channel has been growing, particularly among the younger demographic. Viewership among 18- to 34-year-olds on the Tennis Channel has grown annually for each of the past two years, according to a news release.

The deal comes as American female tennis players have shot to the top of global rankings and women’s sports in general have seen a rise in popularity and investment funding.

Already in 2025, two American women have won two of the top majors: Madison Keys took the Australian Open in January, and Coco Gauff was crowned the winner of the French Open in June. Gauff and Keys will be among the participants at Wimbledon, which kicks off on Monday.

“Tennis is really the only major sport where the men’s and women’s game is on equal footing, and that’s really important,” said Blackburn. “I think for tennis it makes it unique. The growth of women’s sports overall? Maybe basketball and soccer will get there, but I think tennis is way ahead in terms of providing that for the fan.”

The Tennis Channel 2 free streaming option has earmarked every Tuesday as “Women’s Day” — showing only women’s match coverage — and Blackburn highlighted the network’s roster of heavy-hitting female talent, including former players and Hall of Famers Martina Navratilova and Lindsay Davenport, among others.

The deal extension also builds on WTA Ventures’ recent efforts to grow its commercial revenue and build the profiles of its athletes.

In 2023 the WTA formed a strategic partnership with private equity firm CVC Capital Partners, which invested $150 million for a 20% stake in the newly created WTA Ventures. The entity was formed to focus on growing commercial revenue through sponsorships and media rights deals, with the goal of tripling its revenue by 2029.

In 2024 WTA Ventures said it expected to increase revenue by 24% in its first full year.

The media rights extension marks the first renegotiation with the Tennis Channel under the WTA Ventures framework. The WTA’s long-standing media rights deal with streaming service DAZN expires at the end of next year, and talks have begun for new deals that would begin in 2027, said Storti.

WTA Ventures said its global audience surpassed 1 billion viewers on broadcast and streaming last season, and Storti said the U.S. is among one of the WTA’s biggest growth markets, along with China and Poland.

“We are a completely mass-market product that attracts hundreds of millions of fans across the world, and I would say we deliver a product that stands kind of shoulder to shoulder with the men counterpart,” Storti said.

The WTA has also recently emphasized improvements for players.

This year it’s has announced a paid maternity leave funded by the Saudi Public Investment Fund, as well as a new policy allowing players to protect their rankings during fertility treatments

Still, tennis is not without its issues of disparity. While the U.S. Open awarded equal prize money to men and women beginning in 1973, it was decades ahead of Wimbledon and other majors. And while equal prize money is given at the majors level, there’s still a considerable pay gap at lower-level tournaments.

The sport also drew criticism around the 2025 French Open when the majority of prime-time slots went to men’s matches.

This post appeared first on NBC NEWS

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the move could undermine important safeguards.

Known as the enhanced supplementary leverage ratio, the measure regulates the quantity and quality of capital banks should be keeping on their balance sheets. The rule emanated from a post-financial crisis effort to ensure the stability of the nation’s largest banks.

However, in recent years as bank reserves have built and concerns have grown over Treasury market liquidity, Wall Street executives and Fed officials have pushed to roll back the requirements. The regulations targeted treat all capital the same.

“This stark increase in the amount of relatively safe and low-risk assets on bank balance sheets over the past decade or so has resulted in the leverage ratio becoming more binding,” Fed Chair Jerome Powell said in a statement. “Based on this experience, it is prudent for us to reconsider our original approach.”

The Fed board put the proposal open for a 60-day public comment window.

In its draft form, the measure would call for reducing the top-tier capital big banks must hold by 1.4%, or some $13 billion, for holding companies. Subsidiaries would see a larger drop, of $210 billion, which would still be held by the parent bank. The standard applies the same rules to so-called globally systemic important banks as well as their subsidiaries.

The rule would lower capital requirements to range of 3.5% to 4.5% from the current 5%, with subsidiaries put in the same range from a previous level of 6%.

Current Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller released statements supporting the changes.

“The proposal will help to build resilience in U.S. Treasury markets, reducing the likelihood of market dysfunction and the need for the Federal Reserve to intervene in a future stress event,” Bowman stated. “We should be proactive in addressing the unintended consequences of bank regulation, including the bindingness of the eSLR, while ensuring the framework continues to promote safety, soundness, and financial stability.”

On the whole, the plan seeks to loosen up banks to take on more lower-risk inventory such as Treasurys, which are now treated essentially the same as high-yield bonds for capital purposes. Fed regulators essentially are looking for the capital requirements to serve as a safety net rather than a bind on activity.

However, Governors Adriana Kugler and Michael Barr, the former vice chair of supervision, said they would oppose the move.

“Even if some further Treasury market intermediation were to occur in normal times, this proposal is unlikely to help in times of stress,” Barr said in a separate statement. “In short, firms will likely use the proposal to distribute capital to shareholders and engage in the highest return activities available to them, rather than to meaningfully increase Treasury intermediation.”

The leverage ratio has come under criticism for essentially penalizing banks for holding Treasurys. Official documents released Wednesday say the new regulations align with so-called Basel standards, which set standards for banks globally.

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