Jordan, Magic honored with 75th team at All-Star halftime
The NBA celebrated its diamond anniversary with a sparkling tribute to honor 75 years on the hardwood floor. Each of them wearing blue blazers with a 75th logo on their chests, the best of the NBA's best were introduced to huge ovations, with the loudest cheers going to Jordan, who was the last player to walk onto the raised podium at center court.
news.yahoo.comThe SEC says never invest in a SPAC based solely on a celebrity's involvement
The headquarters of the US Securities and Exchange Commission (SEC) is seen in Washington, DC, January 28, 2021. "Celebrity involvement in a SPAC does not mean that the investment in a particular SPAC or SPACs generally is appropriate for all investors," the SEC said in an investor alert posted on its website. "Never invest in a SPAC based solely on a celebrity's involvement or based solely on other information you receive through social media, investment newsletters, online advertisements, email, investment research websites, internet chat rooms, direct mail, newspapers, magazines, television, or radio," the SEC said in the alert. CNBC's Jim Cramer previously raised a red flag on these celebrity SPACs, saying they "feel like an inside joke for the super-rich." "These newer SPACs increasingly feel like an inside joke for the super-rich and a way for celebrities to monetize their reputations," he said.
cnbc.comShaquille O'Neal says he hopes fans returning to NBA arenas is a "sign we might be turning a corner"
NBA legend Shaquille O'Neal told CBS News in an interview that he hopes it's a "sign we might be turning a corner" in the fight against the pandemic. O'Neal, who played nearly 20 seasons in the league, knows first hand what having fans means to players. "Fans definitely have an impact on the game," O'Neal said. Amid a pandemic that has killed more than 500,000 Americans, the gradual return of fans to indoor venues is a welcome sign for O'Neal. NBA legend Shaquille O'Neal says he hopes fans returning to NBA arenas is a "sign we might be turning a corner."
cbsnews.comBlank check funds are hot but may be risky: ‘The trust level is through the roof’
But SPACs are also known as "blank check" funds — because investors give money to a manager without knowing what company they may ultimately acquire. SPAC initial offerings quadrupled last year to 248, according to Jay Ritter, a finance professor at the University of Florida. In the case of SPACs, retail investors seem to be chasing past returns, according to Ritter. More and more, mom-and-pop investors aren't buying shares at SPACs' initial listing price, Ritter said. However, investors would have earned a higher return in the S&P 500 stock index, which yielded 52% over the same time period.
cnbc.comShaq's historic Atlanta Krispy Kreme damaged by raging fire
Firefighters work at the Krispy Kreme Doughnuts store in Atlanta on Wednesday, Feb. 10, 2021. (AP Photo/Ron Harris)ATLANTA – A historic Krispy Kreme Doughnuts store in Atlanta owned by basketball star Shaquille O'Neal that dates back to the mid-1960s was engulfed in flames early Wednesday, heavily damaging the structure. In the meantime, our Ponce team members will continue to receive full pay while we identify and offer them roles at other area Krispy Kreme shops." The Midtown Krispy Kreme was one of the first locations established outside the company's main bases of operations in Winston-Salem, North Carolina and Nashville, Tennessee. After Martin Luther King Jr.’s funeral in April 1968, the Krispy Kreme fed mourners by donating 150 dozen donuts to Atlanta churches.
O'Neal hosting SHAQ Bowl on Super Bowl Sunday
(AP Photo/Kevork Djansezian)Fans looking for pregame entertainment before the Super Bowl will have another option this year. Shaquille O'Neal will be holding the virtual SHAQ Bowl on Feb. 7. It's one of the few events taking place in Tampa, Florida, since many parties that traditionally take place during Super Bowl week have been canceled this year due to the coronavirus pandemic. The SHAQ Bowl takes the place of Shaq's Fun House, which had been held the past two years in Atlanta and Miami. The SHAQ Bowl also has its own halftime show with Migos and DJ Diesel performing.
NBA Hall of Famer Shaquille O’Neal says next president should prioritize ‘bringing people together’
NBA basketball legend, entrepreneur and philanthropist, Shaquille O'Neal, has told CNBC that the next U.S. president must address "bringing people together" as a matter of urgency. At 48-years-old, the 15-time NBA All Star recently went public on his decision to vote for the first time. A lot of attitudes need to change, a lot of thought processes need to change. But at some point we need to start bringing them back together. I've seen a lot of things," he said.
cnbc.comBlack Entrepreneurs Day shows 'people want to make a difference,' FUBU CEO Daymond John says
Some of the most noticeable names on Wall Street will have a role in Black Entrepreneurs Day online event this Saturday. "It shows that people want to make a difference," John, the founder and CEO of hip-hop apparel company FUBU, told CNBC's Jim Cramer in a "Mad Money" interview Tuesday. People who felt marginalized or felt discounted, and they felt that they needed to step up," John said. Black business owners have historically faced financial barriers to growing their businesses, including lacking banking relationships to gain access to capital. Black Entrepreneurs Day, which will be carried on Facebook, LiveXLive and other online social platforms like YouTube and Twitter, will also award nine $225,000 grants to business owners as part of the "NAACP Powershift Entrepreneur Grant."
cnbc.comNBA legend Charles Barkley once left a $25,000 tiphere's why he always tips a minimum of 20%
Former NBA star Charles Barkley is generous with the millions of dollars he accumulated over his 16-season career. That was after he won "about $700,000," he told O'Brien in a separate interview in 2014. "When I'm at restaurants, I am a big tipper," the retired NBA star told Jimmy Kimmel in 2017. As for the valet, they'll get about $300 for parking his car, O'Neal told Kimmel. He seems to follow Barkley's rule of thumb: "The more successful you are, the more you should tip," Barkley told O'Brien.
cnbc.comShaquille O'Neal tweets tribute to Kobe Bryant after fatal helicopter crash
Shaquille O'Neal tweeted a heartfelt remembrance of his former teammate Kobe Bryant after Bryant died in a helicopter crash Sunday. My condolences goes out to the Bryant family and the families of the other passengers on board. "My condolences goes out to the Bryant family and the families of the other passengers on board. "Kobe was so much more than an athlete, he was a family man," O'Neal said. O'Neal won another NBA title with the Heat while Bryant won two more with the Lakers.
cbsnews.comShaquille O'Neal on Papa John's founder: 'People don't know when to keep their mouths shut'
In June, basketball legend Shaquille O'Neal announced he was joining Papa John's board of directors and is investing in nine Atlanta-based locations. (After Schnatter's departure, Papa John's International stock has surged nearly 50% so far this year and Schnatter is still the largest individual shareholder.) Both O'Neal and Papa John's CEO Rob Lynch deny the recipe has changed. I'm on a mission to make [Papa John's] the No. "Under my leadership, I always put the quality of the pizzas, the loyalty to customers, and my affection for the employees first at Papa John's.
cnbc.comNBA legend Shaquille O'Neal's $2.5 million Los Angeles home is for saletake a look inside
NBA Hall-of-Famer and businessman Shaquille O'Neal has listed his Bell Canyon, California home for $2.5 million after buying it in February 2018 for $1.8 million, according to Compass, which holds the listing. The 5,217-square-foot home in a gated equestrian community outside Los Angeles (just a few miles from where Kanye and Kim Kardashian West live). It has five bedrooms, four-and-a-half bathrooms, sits on a 1-acre lot and has home owner's association fees of $259 a month, according to the listing. O'Neal has updated the property, including new carpeting, custom closets and landscaping upgrades, according to a Compass spokesperson. Take a look inside.
cnbc.comShaquille O'Neal's sister dies of cancer; co-hosts pay tribute
(CNN) - Former NBA superstar Shaquille O'Neal, 47, is in mourning after his sister, Ayesha Harrison-Jex, died after battling cancer. O'Neal, who is a host on TNT's "Inside the NBA," was absent from Thursday night's episode, and his co-hosts addressed O'Neal's absence. "We have to tell you why you're not seeing Shaquille O'Neal here on the set tonight," co-host Ernie Johnson said. He said his world revolves around his brother and two sisters, and he lost one of his sisters this morning." "Thanks for the condolences and the love," O'Neal wrote in response on Twitter.
NBA legend Shaquille O'Neal says Houston Rockets GM Daryl Morey was 'right' to speak out in support of Hong Kong
Basketball Hall of Fame player Shaquille O'Neal lent his support to Houston Rockets general manager Daryl Morey, who ignited an international clash with China earlier this month when he tweeted support for anti-government protests in Hong Kong. O'Neal, who didn't say whether he agreed with Morey, said he was right to speak out. Whenever you see something wrong going on anywhere in the world, you should have the right to say, 'That's not right.' "They understand our values, we understand their values. Stand With Hong Kong" has caused a rift between China and the NBA as executives publicly support Morey's protected right to free speech in America.
cnbc.comShaq backs Rockets' Morey in Hong Kong protest controversy
Daryl Morey was right, ONeal said on TNTs Inside the NBA program in Los Angeles on the opening night of the National Basketball Association (NBA) season. Whenever you see something wrong going on anywhere in the world, you should have the right to say Thats not right and thats what he did, he added. ONeal said that even if the values in the two countries differ, they need to show each other respect. We as American people, we do a lot of business in China and they know and understand our values and we understand their values, he said. NBA Commissioner Adam Silver on Thursday said the fallout had caused the league substantial financial losses in China.
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