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Getty Kevin Durant #7 of the Brooklyn Nets

After Kevin Durant first requested his trade from the Brooklyn Nets on June 30, he shared a list of the two teams he would most like to play for. The Miami Heat were one of the two franchises named by Durant. Since then, Brooklyn and Miami have been unable to advance trade talks too much.

The two teams sat down for a meeting at Summer League in Las Vegas, but other than that, talks have been quiet. 

On August 1, we shared reporting from a rival NBA executive that stated that the Nets have the Heat where they want them in trade negotiations. 

“The Nets have gotten them to the point they were trying to get them to, which is, ‘OK, do we include Bam (Adebayo) in one of these packages?’ The young players, Tyler Herro, the picks they have, that is not going to get Durant. Adebayo will. When the stuff came out about Jaylen Brown, that was aimed at a team like Miami, letting them know they’ve got to add Bam, letting Phoenix know they’ve got to add (Devin) Booker. If the package is Bam and some of their bench pieces and three picks, the Nets might not do better than that,” the Eastern Conference executive said. 

Some have speculated that if the Heat include Adebayo in their offers to Brooklyn that a deal could be done. On a recent episode of The Ringer NBA show. NBA Insider Logan Murdock speculated that the Heat aren’t that far in Durant discussions. 

Heat Aren’t Far in Durant Trade Negotiations

On the July 28 episode of the show, Murdock and co-host Rob Mahoney were predicting their top four teams for next season, and while the Heat were outside looking in on the top four they noted that acquiring Durant could change that. 

Mahoney mentioned that he felt the Heat were just a throw-in of Durant’s teams he wanted to land on and that he really hopes to end up with the Phoenix Suns, but Murdock disagreed. Murdock, who spent time with KD for a feature he wrote last March, shared his insights on what he knows about Durant. 

“I don’t think they [the Heat] are as distant as you think,” Murdock said. “KD has always kind of had an eye on the Miami, in terms of like he gave them a meeting in 2016. He’s always respected that organization and how they go about things.” 

With Durant’s respect for the organization, Murdock continued about Miami being a serious choice for Durant. 

Murdock Believes Durant was ‘Serious’ About the Heat

“I think when he said the Miami Heat was one of his choices… I think he was serious about it. I think that that is a team he really likes and an organization he respects,” Murdock continued. 

Murdock continued on why he believes a deal hasn’t got done for Durant, and it is because he is a hard player to trade for. The Nets are looking for a historic haul for the 12-time All-Star, and that is what is holding back negotiations from being finalized. 

Durant and Nets Expected to Meet

The Nets remain in control of any Durant trade. Durant is expected to meet with team owner Joe Tsai by the end of the week, as reported by Heavy’s own Steve Bulpett. 

“What I’m hearing is that KD is going to meet with the owner this week,” a source told Heavy Sports. “He’s going to go directly to the owner, Joe Tsai, sometime this week. We’ll see how that works.”

After the meeting, there will be a much better gauge of the future of Durant and Brooklyn. The meeting could squash Durant rumors or only light a fire to them. 

News Source: Heavy.com

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Robinhood may need to join forces with a larger Wall Street rival

New York (CNN Business)Robinhood, as its name suggests, was designed to take the power of the stock market away from the rich fat cats on Wall Street and hand it over to regular people.

Now, ironically, Robinhood may need to join forces with one of the very titans of Wall Street that the stock and crypto trading company was trying to unseat.Robinhood reported a big loss, a drop in active users and its second round of layoffs of 2022 in early August. The stock, which went public a little more than a year ago, is down more than 40% this year and is trading nearly 75% below its initial public offering price.
    "They are having to make grown-up business decisions, such as cost reductions and moving out of growth mode," said Hugh Tallents, a partner with consulting firm cg42. "It's becoming clear that they once had unbelievable user growth, but they also had a valuation that was insane."
      All of this raises the question of whether Robinhood may need to sell itself to a bigger financial services firm. Speculation about a possible deal has increased in recent months after crypto billionaire Sam Bankman-Fried, the CEO of unicorn brokerage firm FTX, bought a stake in Robinhood. Read MoreBankman-Fried has denied having any interest in a full-blown FTX takeover of Robinhood. Robinhood had no comment after the merger chatter first circulated.But competition is fierce in the online brokerage world. Robinhood competes with Wall Street giants like Fidelity, Charles Schwab (SCHW), which also owns TD Ameritrade, and E-Trade parent Morgan Stanley (MS). And it also has to contend with crypto brokerage Coinbase as well as upstarts like SoFi, eToro and WeBull. (Coinbase, incidentally, got a recent boost after announcing a partnership with Wall Street giant BlackRock.)
        Tallents said he does not think a large Wall Street brokerage would want to bet on Robinhood because of the risk involved. He noted that Robinhood customers tend to be younger and have less money to invest, so an acquirer "would need to play a long game and hope they get more affluent."Tallents told CNN Business in February that he thought Robinhood could be a good fit for Venmo owner PayPal (PYPL) and he still believes that such a deal makes sense at some point down the road.The good news for Robinhood, though, is that despite the short-term concerns, the company still has a solid enough financial cushion to keep it afloat for the foreseeable future. Robinhood ended the second quarter with $6 billion on its balance sheet, down from $6.2 billion in March. So, Tallents said, the situation isn't dire yet.Still, Robinhood will need to prove to investors that it can get its growth rate back on track on its own. If not, expect more calls for the company to put itself on the shopping block.All eyes on the consumerIs the economy heading to (or is it already in) a recession? Upcoming earnings from some of America's biggest retailers will provide more clues. Walmart, which already warned in late July that profits will be below forecasts, officially reports its latest results on Tuesday. The Walmart (WMT) warning sent a chill throughout the retail sector, and it didn't help that Best Buy (BBY) also issued its own dour sales outlook. The SPDR S&P Retail ETF (XRT) is down more than 20% this year, a bigger drop than the broader market. Wall Street is clearly anxious about the health of the American consumer.Good inflation news: Online shopping prices are suddenly falling fastInvestors will be eager to hear if Walmart is a bit more upbeat about the rest of 2022 given that inflation pressures have started to ease. Wall Street will also be paying close attention to top Walmart rival Target (TGT). Some analysts think that discount retailers like Walmart and Target could soon rebound."Gas prices are beginning to decline, the pull of superstores has an added value in times of inflation, and even inventory issues could be a short-term blessing as the push to keep prices low for those products aligns well with trading-down behavior," said Placer.ai, a firm that analyzes foot traffic trends at retailers, in a blog post this week.TJ Maxx and Marshalls owner TJX (TJX), as well as Kohl's (KSS), will report their latest results this week. So are Home Depot (HD) and Lowe's (LOW), which could provide more color about the health of the housing market as well as broader consumer spending trends.Wall Street will also be paying attention to the government's latest reading on retail sales for July. Consumers spent more money in June, largely due to inflation pushing up prices. Retail sales rose 1% from May, but economists surveyed by Reuters are expecting retail sales to climb just 0.2% from June to July. Up nextMonday: Earnings from Li Auto, Weber and Tencent Music (TME)Tuesday: US housing starts and building permits: Earnings from Walmart, Home Depot and Agilent (A)Wednesday: US retail sales; Earnings from Lowe's, Target, TJX, Analog Devices (ADI), Krispy Kreme, Cisco (CSCO) and Bath & Body Works
          Thursday: US weekly jobless claims: US existing home sales; Earnings from Netease (NTES), BJ's Wholesale (BJ), Kohl's, Tapestry (TPR), Applied Materials (AMAT) and Ross Stores (ROST) Friday: Earnings from Deere (DE) and Foot Locker (FL)

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