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Bloomberg Big Oil’s Secret World of Trading (Bloomberg Markets) — It was a bleak moment for the oil industry. U.S. shale companies were failing by the dozen. Petrostates were on the brink of bankruptcy. Texas roughnecks and Kuwaiti princes alike had watched helplessly for months as the commodity that was their lifeblood tumbled to prices that had until recently seemed unthinkable. Below $50 a barrel, then below $40, then below $30.But inside the central London headquarters of one of the… Source link

Wednesday, March 31, 2021 This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Buying Discord could make Microsoft the gaming behemoth it’s always wanted to be Microsoft (MSFT) is considering dropping a cool $10 billion on video game chat app Discord, according to recent reports. If the software giant does take the plunge, it could help… Source link

The big wave of free agency has come and gone. By now you’ve already read reaction pieces about how JuJu Smith-Schuster’s return to Pittsburgh impacts all the players involved, or why Will Fuller can raise Miami’s offensive ceiling. We don’t need any more on that. Instead, let’s look at five sneaky moves in free agency that might not seem like big deals at first, but actually matter quite a bit for several fantasy football stars. We always talk about teams “helping their young… Source link

Attempting to predict a U.S. Supreme Court decision based on the tone and tenacity of the questions that justices ask attorneys during oral arguments has proven to be a fruitless exercise since, well, about 1789. It’s always best to assume nothing. So who knows what the nine current justices will decide in NCAA v. Alston — a case that boils down to, in the most general of descriptions, whether college athletes can be paid above and beyond their currently allotted scholarship. A decision… Source link

The New Orleans Pelicans traded JJ Redick to the Dallas Mavericks before last week’s deadline, and Redick is unhappy about how it all went down.  On his podcast “Old Man & the Three,” Redick broke down the story of his trade — which actually started back in November — and called out the Pelicans’ front office for poor communication and not being honest with him about their plans. Promises not kept Redick’s story starts in November, before the start of the season, when he says that he… Source link

(Bloomberg) — Microsoft Corp.’s multibillion-dollar deal to build customized versions of its HoloLens goggles for the U.S. Army is moving forward, one year after the Senate considered freezing half the contract. The deal, initially unveiled three years ago, is now worth as much as $21.9 billion over 10 years, according to Microsoft. The agreement runs for an initial five years, with an option to add another five years. The software maker will manufacture the augmented-reality devices in… Source link

TipRanks Keep on Buying These 3 EV Stocks, Says Analyst Following Conference Investors are always on the lookout for the next big thing, the next industry that will bring the great returns. Predicting what stock sector will blast off is an inexact science, at best; but like politics, stocks run downstream from culture. And right now, culture is all-in for clean energy and electric cars. Observing the electric vehicle (EV) stock sector for Colliers Securities is industry expert Michael Shlisky…. Source link

HOUSTON — As the 20th and 21st civil suits against Deshaun Watson became public on Wednesday, the attorney representing the Houston Texans quarterback countered with a lengthy release of on-the-record statements from 18 female masseuses who claim they had only positive business interactions with Watson. In terms of strategy, it’s the most significant public response to date from Watson’s attorney, Rusty Hardin, countering the layered, sexually driven narrative that has been put forth in… Source link

Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 22.75% for the quarter, outperforming its benchmark, the S&P 500 Index which returned 12.15% in the same quarter. You should check out Longleaf Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021. In the Q4 2020 Investor Letter, the fund highlighted… Source link

With President Biden rolling out his big infrastructure plan on Wednesday, Congress will now debate the tax changes that should go along with it. One of those changes should be a tax cut that would benefit wealthy taxpayers, mostly in blue states. You read that right. Yes, Biden rode to the White House promising to raise taxes on the wealthy, not cut them. Polls show voters strongly support higher taxes on those who earn the most. But first Congress should rectify a mistake Republicans made… Source link