The New York Knicks are the NBA's most valuable team for the second consecutive year despite having been shut out of the playoffs since 2013, according to a Forbes poll released on Wednesday, Feb. 15, that showed the average team value rose 9 percent. The Knicks' value rose to $3.3 billion, up 10 percent from last year, as they continue reaping the rewards of a $1 billion renovation to Madison Square Garden, which produced new revenue opportunities from sponsorships and seating. The Minnesota Timberwolves were ranked 29th at $770 million with a revenue of $154 million.
Facebook is launching an app for smart TVs that will help the social network's users enjoy its videos on a bigger screen. The app will roll out soon from app stores for Apple TV, Samsung Smart TV and Amazon Fire TV, the company said in a blogpost on Tuesday. The blogpost also said users can scroll through their news feed and simultaneously watch videos on their timeline. Sound also fades in and out as one scrolls through videos in news feed now. Videos in news feed have previously played silently—one needed to tap on a video to hear its sound.
Highlights of the day for U.S. President Donald Trump's administration on Tuesday:
WASHINGTON - U.S. Secret Service Director Joseph Clancy plans to step down next month, the agency said on Tuesday, Feb. 14, two years after he took charge of the agency following high-profile security lapses by the service responsible for protecting the president. "Congratulations Dir Clancy on your retirement! The men & women of the @SecretService are grateful for your 29 years of service & leadership," the Secret Service said on Twitter. Clancy will leave on March 4, an agency spokesman said.
WASHINGTON—Congressional Democrats on Tuesday, Feb. 14, tried but failed to pressure Republicans into seeking President Donald Trump's tax returns, saying the scandal over Michael Flynn made it imperative to find out whether the president has business ties to Russia. A day after the Republican chairman of the House of Representatives Ways and Means Committee dismissed the idea, the panel's Democrats proposed an amendment demanding that the committee ask the Treasury Department for copies of Trump's returns by March 1.
GENEVA, Switzerland - North Korea said on Tuesday, Feb. 14, its missile launches were "self-defense measures," rejecting U.N. Security Council criticism of its weekend test, but the United States demanded international action against Pyongyang's weapons programs. North Korea's ballistic missile firing on Sunday was its first direct challenge to the international community since U.S. President Donald Trump took office on Jan. 20.
U.S. equity indexes hit record highs on Monday, Feb. 13, with the benchmark S&P 500's market value topping $20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy. Trump vowed last Thursday to make a major tax announcement over the next few weeks, adding fuel to a rally that had stalled amid worries about the potential impact of his protectionist trade stance and a lack of clarity about other policy reforms.
The 41-year-old son of Jerry Sandusky, the former Penn State University assistant football coach convicted of sexually abusing young boys, was charged in Pennsylvania on Monday, Feb. 13, with sexually abusing two young sisters, according to a police complaint filed in court. Jeffrey Sandusky was accused of soliciting oral sex and naked photographs from the teenage daughters of a woman he was dating and living with, according to Pennsylvania State Police.
Highlights of the day for U.S. President Donald Trump's administration on Monday: CANADA Trump says the United States will be "tweaking" its trade relationship with Canada, stopping short of calling for a major realignment in a development likely to please visiting Canadian Prime Minister Justin Trudeau.
VIENNA, Austria - Austrian police have detained a man for glorifying the Nazi regime, after he appeared in public dressed as Adolf Hitler, a police spokesman said. The 25-year-old was arrested on Monday night, Feb. 13, in Braunau am Inn, the Hitler's birthplace, the spokesman said. The daily newspaper Oberoesterreichische Nachrichten said on Saturday the man had been seen outside the house in which Hitler was born and in a local bookstore browsing through magazines about World War Two.