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MLB, baseball teams to replace vandalized Jackie Robinson statue in Kansas
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The MLB and its 30 clubs will replace the vandalized Jackie Robinson statue that was burglarized and destroyed on Jan. 25 in Wichita, Kansas, the league announced Thursday, the first day of Black History Month.
Bob Lutz, the founder of the nonprofit League 42, which put up the statue in 2021, also posted about the MLB’s initiative on social media, calling it “amazing.” The nonprofit, which was founded in 2013 and named after Robinson’s jersey number, is a baseball league that exposes underserved youth to the sport.
“The Commissioner’s Office and the 30 Clubs have committed funding towards the costs of replacing our Jackie Robinson statue and providing other means of support of League 42,” Lutz said in a post on X, formerly known as Twitter. “We are grateful for their contribution to our mission of celebrating Jackie’s legacy through the youth of Wichita.”
In addition to the statue’s replacement, the MLB and the clubs will provide League 42 with funding to support the nonprofit’s on-field and academic goals for its participants, according to the league’s announcement.
The life-size bronze statue —part of the Jackie Robinson Pavilion in McAdams Park in Wichita and one of just four Robinson statues in the nation— was cut off from the ankles up and stolen in the early hours on Jan. 25. The remains of the statue were found by the Wichita Fire Department on Tuesday dismantled, burned and unsalvageable in a small trash fire.
Wichita Police Department
While Wichita Police on Monday located the pickup truck that was used to steal the statue, officers and detectives are still investigating the motive of the robbery and looking for the people responsible.
Police Chief Joe Sullivan said last week that he was “frustrated” by the incident and was keeping the start of Black History Month as a potential motive for the crime in mind as his department investigates the case.
Prior to the MLB’s commitment to rebuilding the statue, League 42 had launched a GoFundMe campaign to raise money for a new statue, collecting over $182,000 in donations. In an update posted to the fundraising page, League 42 said it will still use those funds to pay for more security and lighting around the podium for Robinson’s statue.
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3 gold investing moves to boost your portfolio this July
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There are many reasons to consider investing in gold right now. With high inflation, geopolitical unrest and the coming election, having a healthy safe haven allocation in your investment portfolio makes sense. And, gold is an effective way to protect your portfolio from risk.
Gold’s price has seen strong growth this year, too. After starting the year off at $2,063.73, the price of gold climbed to $2,439.98 by May 20. But that price has since cooled. Today, gold is trading at around $2,380.00 per ounce. Although that’s significantly lower than gold’s May record high, it still represents more than 15% growth year-to-date.
While there are many reasons to invest in gold, it’s important to make the right moves when you do, particularly this July.
Invest in gold now to give your portfolio a boost.
3 gold investing moves to boost your portfolio this July
You can use gold to improve your portfolio’s performance in a few ways this July. Some of the most effective include:
Focus on allocation
Gold’s price has grown quite a bit this year. And, the safe haven properties of the precious metal are valuable given the current economic, political and geopolitical climates. So, you may want to add quite a bit of the yellow metal to your portfolio. But, you shouldn’t overdo your investment.
While gold is an attractive safe haven, the stock market’s performance has been strong this year, too – the S&P 500 is up around 17% year-to-date. And, it’s important to balance your portfolio with a healthy mix of safe havens and traditional assets like stocks and bonds.
Most experts say you shouldn’t allocate more than 10% of your portfolio assets to gold. Some suggest that a 5% gold allocation is more reasonable. So, consider your investment goals, the other assets in your portfolio and how gold relates to those assets when choosing your allocation. But, in any case, keep your holdings to a maximum of 10% of your portfolio’s assets.
Take advantage of gold’s safe haven and inflation protection properties today.
Invest now
Gold’s price is down but it may not stay there for long. Gold’s price tends to go through cycles. Upward cycles are typically followed by downward cycles and vice versa. Based on the cyclical nature of gold’s price, there are two reasons why waiting to make your investment could be a mistake:
- The discount could disappear: If you buy gold now, you’ll do so at a discount to its most recent high. But, if you wait too long, that discount could disappear.
- You could be priced out: Gold isn’t a cheap commodity, even considering the current discount. And, if history is any indication, gold’s price will continue to produce long-term gains – regardless of the short-term cycles it experiences. So, if you wait too long, gold’s price could become cost-prohibitive – making it difficult to add the commodity to your portfolio later.
So, add gold to your portfolio now to take advantage of the current discount in its price and avoid any issues with being priced out of the market later.
Look for discounted options
Gold’s spot price is typically the price that’s quoted online. But, that’s not usually the price you pay when you purchase the commodity. In most cases, dealers add a markup to the spot price to generate a profit. So, it’s possible to overpay for the commodity if you’re not careful – but it’s also possible to find discounted options.
Many online gold dealers buy second-hand precious metals and resell them at a discount to their freshly-minted counterparts. And, while these products may have some imperfections and may not be the particular design you want, their value is in the weight of the gold they’re made with. So, when you look for these discounts, you could cut the cost of your gold investment while you take advantage of the benefits of adding the precious metal to your portfolio.
The bottom line
Gold is a compelling asset with valuable inflation protection and safe haven qualities. But, when you invest invest in the precious metal this July, it’s a good idea to make your investment strategically. In particular, invest now and be sure that when you do, you maintain a healthy allocation representing 10% or less of your portfolio’s value. Also, look for opportunities to buy gold at a discount. Doing so could cut the cost of your investment. Compare your options among leading gold dealers now.
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Paramount Global, owner of CBS News, to merge with Skydance Media
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We bring you today’s rival Amazon Prime Day deals in real-time
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The Amazon Prime Day sale doesn’t start until next week, but the rival sales are starting now. Walmart, one of Amazon’s largest competitors, is launching its competing Walmart Deals sale today, with deep discounts on back-to-school gear, must-have tech, summer essentials and more.
The Walmart Deals sale officially kicks off today (Monday, July 8) at 5:00 p.m. ET (2:00 p.m. PT). Paid Walmart+ subscribers get five hours of early access to the deals, starting Monday at noon ET (9:00 a.m. PT).
We’ll be covering all the hottest deals today in real time, so we can point you toward all the biggest and best bargains today before they sell out. And if past Walmart sales (such as Walmart Deals for Days) are any indication, the best deals will sell out fast once they’re available to the general public.
Want to have a near-unbeatable advantage when it comes to scoring these deals? Sign up for Walmart+ now. The retailer is offering a special half-off offer on Walmart+ subscriptions this week, so you can join for just $49 for your first year. In addition to early access to today’s deals, you’ll get get free delivery from your local Walmart store, returns picked up from home, member savings on fuel and a complimentary subscription to the Paramount+ streaming service.
Tap the button below to get a half-price subscription to Walmart+ now. Once you’re signed up, read on to learn about all the hottest deals at Walmart Deals sale as we find them.