Stock Market Winners & Losers: Stocks Muted After Inflation Data | Women’s Basketball Will Never Be the Same
Stocks remained largely unchanged following the release of April's producer price index, which exceeded economists' expectations with a 0.5% increase. Federal Reserve Chair Jerome Powell commented on the inflation data, expressing the need for patience in monetary policy adjustments.
In the realm of women's basketball, Caitlin Clark is set to make her debut for the Indiana Fever, marking a significant moment for the sport. The WNBA is experiencing growth, with plans to potentially double its $60 million TV rights deal by 2025. Clark's rookie salary is around $76,000, and she brings significant value, with a $3.4 million NIL valuation from her collegiate career. Additionally, the WNBA has introduced full-time charter flights for teams and witnessed a substantial increase in ticket sales, with 36 out of the Fever's 40 regular-season games set to air nationally.
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