President Biden signing off on an oil release from the Strategic Petroleum Reserve (SPR) to cool elevated prices may have some effect, but not a ton, warns Goldman Sachs. “Conceptually, such a release would help the oil market rebalancing in 2022, increasing supply by 1 millions barrels per day for six months, for example. This would reduce the amount of necessary price-induced demand destruction, the sole oil rebalancing mechanism currently available in a world devoid of inventory buffers… Source link

 Knowing your fantasy baseball host site’s ADP can help you find overvalued and undervalued players in the pool. Today we will compare Yahoo’s ADP to FantasyPros Expert Consensus Ranks (ECR) and FantasyPros ADP. The FantasyPros ECR is comprised of rankings from experts across the industry. The FantasyPros ADP combines six sources from the most popular fantasy baseball platforms to find a consensus. In doing this, you can find outliers on different platforms…. Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 31, 2022 The Bank of Japan (BOJ) was in a bind on Monday. Its currency, the yen, was crashing while yields on their government bonds were surging. The solution — four days of unbridled bond buying by the BOJ to stem the hemorrhaging and contain interest rates. While the gambit worked (for now), Wall Street is waking up to this… Source link

The NBA takes a bit of a step back from a busy Wednesday with just five games on the schedule Thursday. The night won’t be short on drama, though, with several teams playing for playoff positioning. The most exciting matchup figures to be the Nets hosting the Bucks. The Bucks, who just knocked off the 76ers in Philadelphia on Tuesday, will be continuing their quest to snag one of the top seeds in the Eastern Conference. The Cavaliers and Bulls, two teams looking to avoid the play-in… Source link

Direct-to-customer streaming is now a focus for Disney, and today it took another step in organizing that business by announcing a new CTO for the Disney Streaming business unit that includes Disney Plus, Hulu, ESPN Plus, and Star Plus. Jeremy Doig is a tech industry veteran with several decades of experience including stints with the BBC and Microsoft, and who has worked for Google for the last 18 years. Variety reports that Doig will take over for Joe Inzerillo, who helped build Disney… Source link

We all know how the stock market started out 2022 with a sudden reversal of last year’s bull run. By the end of February, it was clear that stocks had entered correction territory; the sell-off was broad-based, across all segments of the market. But is the sell-off over? There are indications that may be the case. Since bottoming out on March 14, the market has staged a strong rebound, and year-to-date is no longer in correction territory. The S&P 500 is up 10% in that period, and the… Source link

It’s always the trivial aspects that blow a story open. That’s the chatter acceptable for the surface-level dinner-table talk or quick “did u c this??” share of a TikTok. Basically, “we talk about the dumbest things,” UConn head coach Geno Auriemma told reporters on Tuesday in Minneapolis ahead of the Final Four. And as with most things Auriemma says, there’s some truth to it if you dig between the rest. Like a realtor gushing about the cute, staged kitchen while the foundation… Source link

U.S. equity futures were flat headed into overnight trading Wednesday after stocks capped this week’s rally to close lower amid a backdrop of faded optimism around Russia-Ukraine ceasefire negotiations and mixed economic data. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were near breakeven at the start of extended trading after the S&P 500 and Dow each snapped a four-day winning streak in the main session. The Nasdaq slid 1.2% after closing at its highest levels since… Source link

Google’s Chrome browser on Android Stephen Shankland … Source link

A federal jury in Oakland has awarded $15 million in damages against Yahoo in a suit by a software company that accused the tech giant of illegally copying its patented method of web searches. Droplets Inc., which is based in Texas, was granted a patent in 2004 for programming that allowed users to retrieve selected portions of a website without having to download an entire web page. After filing infringement suits against major tech firms, the company reached licensing agreements with nearly… Source link