Yahoo News

Oil prices could spike again by the beginning of 2023, says one analyst. “Domestically, whether it’s oil or it’s gas, these companies have very very limited incremental capacity at this time,” Truist Securities Managing Director of Energy Research Neal Dingmann told Yahoo Finance Live. U.S natural gas prices rallied on Monday to new 14-year highs over reserve concerns and the energy crisis in Europe. Oil prices declined during the session amid worries of a global slowdown and the prospects of… Source link

Despite an offseason of mixed headlines for Jerry Jones — some controversial and others unflattering — the Dallas Cowboys owner continues to dominate in the financial arena. For the 12th straight year, Forbes has calculated the Cowboys as the most valuable franchise in the NFL, pegging the team’s worth at a whopping $8 billion. That’s a staggering 23 percent increase over last year, thanks in part to the league’s revenue rebound since the 2020 pandemic season and the recent $4.65… Source link

In legal business news this week, Yahoo Finance is watching for rulings by two federal judges. One involves a case over publishing industry market share, and another will decide how much of a search warrant affidavit authorizing the raid on Donald Trump’s Mar-a-Lago home will be made public. We’re also following a mystery surrounding the reported departure of Tesla’s top legal executive, David Searle. The U.S. versus Big Books A federal judge’s decision in Washington, DC could derail or green… Source link

For more business and finance explainers, check out our Yahoo U page. Every year in August, the Federal Reserve holds a small gathering of the world’s leading economists and policymakers against the backdrop of the Grand Teton Mountains in Wyoming. Only about 120 people attend the event every year, but the publicly-released papers and speeches — as well as media engagements by policymakers — have made the Kansas City Fed’s Economic Policy Symposium a landmark event for Fed watchers and… Source link

If Dennis Rodman received “approval” for his plan to travel to Russia and help secure Brittney Griner’s release, it doesn’t look like it came from the White House. An anonymous senior official in President Joe Biden’s administration has told Reuters the White House is not a fan of Rodman’s plan, and believe it could actually hurt Griner’s chances of being released. “It is public information that the administration has made a significant offer to the Russians and anything other than negotiating… Source link

This week in politics, Yahoo Finance will be watching whether the U.S. revives a 2015 nuclear deal with Iran and whether the Biden administration extends a payment pause for student loans. We’ll also be watching reactions to Fed Chair Jerome Powell’s speech at Jackson Hole, and to revised GDP numbers for the second quarter. Here’s more on three big stories in politics this week: 1. Iran deal talks: Axios is reporting that U.S. national security adviser Jake Sullivan will soon meet with his… Source link

The Yahoo Fantasy Football crew is identifying the specific players at each position they’re fading this draft season. It could be for any number of reasons: They’re not high on the player, the draft cost is too much or a situation is set up for disappointment. First up, the quarterback picks from Andy, Matt, Scott and Dalton. Not chasing the back-to-back MVP Andy Behrens: I haven’t given much serious consideration to Aaron Rodgers in drafts to this point (Yahoo ADP of 89.4, QB11), and I’m not… Source link

For the fifth year in a row, Yahoo Sports is simulating an entire NFL season in “Madden.” While there have been some dubious results in the past — Nick Foles leading the Bears to the Super Bowl and Urban Meyer winning coach of the year — this practice has produced an accurate champion way back in 2019. This time around, things only slightly go astray, so let’s jump right in. Division winners: Jets, Browns*, Colts, Chiefs, Cowboys, Packers, Bucs, Cardinals Apparently Zach Wilson does have… Source link

(Bloomberg) — Oil pared losses after Saudi Oil Minister Prince Abdulaziz bin Salman said the disconnect between the futures market and supply fundamentals may force OPEC and its allies to act. Most Read from Bloomberg West Texas Intermediate futures bounced to about $90 a barrel after earlier trading below $87 on Monday. The Saudi oil chief warned that “extreme” volatility and lack of liquidity in the futures market are moving prices in ways that don’t conform to fundamental… Source link

Walmart (WMT) may have an edge over its competition, Target — selling gasoline. Walmart+ members can save 10 cents a gallon at a number of participating Walmart, Murphy, Exxon and Mobil (XOM) stations nationwide. “This is actually Walmart’s secret ingredient over Target,” Jharonne Martis, director of consumer research at Refinitiv. In Walmart’s second-quarter fiscal 2023 earnings results, year-over-year sales grew 6.5%. This quarter alone, membership income grew 25.6%, according to… Source link