The New York Knicks are entering a crucial offseason following a frustrating playoff exit in the Eastern Conference Finals. New York reacted to this by firing long-time head coach Tom Thibodeau, sending the organization into a search for a new leader.

NBA insider Marc Stein reported that the Raptors could be a potential landing spot for Durant if they pivot from trying to acquire Milwaukee Bucks forward Giannis Antetokounmpo. "But Toronto has likewise been painted by numerous NBA figures as a potential trade suitor for Durant

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

Key Takeaways The U.S. trade deficit fell from an all-time high in March to $61.6 billion in April, the biggest plunge on record.The drop shows that the rush to import items ahead of President Donald Trump’s tariffs has largely ended.

President Donald Trump's tariff policy aims to reduce the U.S. trade deficit, deemed a threat to economic prosperity.