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Energy inputs are always going to be cyclical with the economy. This is the primary topic of this week’s “ETF Report” on Yahoo Finance. VettaFi’s financial futurist, Dave Nadig, was on hand to discuss how the energy sector has shifted, considering where things are in the market. As Nadig states, “When people think the economy is doing well, oil tends to run up. On the contrary, when people think we’re heading for a recession, oil tends to come down. However, digging under… Source link

It might soon be time to add another accolade to Kanye West’s artistic catalog. The man with 21 Grammy wins and a multi-billion dollar valuation for his Yeezy collaborations, is potentially looking at making a car. DONDA, West’s content company known for collaborating on projects across various fields like film, design, as well as fashion, named noted sneaker designer Steven Smith as the head of “Donda Industrial Design.” Now one of the products highlighted in the release naming Smith… Source link

The Jake Paul-Tommy Fury boxing match is officially off, for a second time. Paul does not sound pleased. The YouTuber-turned-boxer confirmed via Twitter on Wednesday that Fury had received a termination notice for their bout and claimed his erstwhile opponent “literally went into hiding.” Paul confirmed he still planned to fight in his Aug. 6 event at Madison Square Garden, co-headlined by an Amanda Serrano match, but will have to find an opponent on short notice. He indicated an announcement… Source link

LAS VEGAS — The second time Rafael dos Anjos has prepared to fight Rafael Fiziev has been a lot simpler for the former UFC lightweight champion. Visa issues delayed one potential fight between them, and then a positive COVID-19 result by Fiziev forced the cancellation of another. But dos Anjos has spent an entire training camp preparing and wasn’t particularly interested in wasting it. So he wound up fighting at UFC 272 on March 6 in Las Vegas. At one point, he was going to fight at 170…. Source link

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 Wednesday, July 6, 2022 The PC sales slump will hit chip makers too The red-hot pandemic-era PC market is finally cooling off, and that could spell trouble for everyone from PC makers like HP (HPQ) to chip manufacturers such as Intel (INTC) as shipments of devices collapse. The cause? You guessed… Source link

Baker Mayfield will soon no longer be a Cleveland Brown. Mayfield is being traded to the Carolina Panthers for a 2024 fifth-round draft pick that can improve with play markers, league sources confirmed to Yahoo Sports on Wednesday. Cleveland will also eat $10.5 million as part of the salary split, with Carolina paying $5 million and Mayfield cutting approximately $3.5 million off his salary. The Panthers and Browns later confirmed the trade. This ends a contentious rift between Mayfield and the… Source link

This article is part of our Yahoo DFS Baseball series. Wednesday starts off with a few day games, including a matchup between the White Sox and Twins in which Lance Lynn will start versus Joe Ryan. The evening slate won’t be short on quality pitching options since Shohei Ohtani, Max Fried and Aaron Nola are all expected to take the mound. Fried’s start against the Cardinals could turn out to be a low scoring affair with Miles Mikolas set to start for St. Louis. As we focus in on the… Source link

This article is part of our Yahoo DFS Golf series. Genesis Scottish Open North Berwick, ScotlandThe Renaissance Club – Par 70 – 7,237 yardsField – 160 entrantsPurse – $8M The Preview Co-sanctioned by the PGA Tour for the first time, the Genesis Scottish Open now fills the Yahoo DFS lobby with golf contests while an absolutely loaded field in attendance at The Renaissance Club provides more standalone value than any other Open Championship primer maybe ever. However, tame weather… Source link

(Bloomberg) — Betting against tech has become a winning trade, with short sellers sitting on billions in paper profits as growth stocks slump. Most Read from Bloomberg A historic rout in the so-called FAANG cohort — Facebook owner Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. — has delivered $19.8 billion in mark-to-market profits for investors speculating on declines as of June 30, according to data-analytics firm S3 Partners. “It was… Source link

U.S. stocks pushed higher Wednesday afternoon to close out a choppy day in the green, though the risk of a recession remained top of mind for many investors. The S&P 500 rose for a third straight session, closing higher by 0.4% to end at 3,845.08. The Dow Jones Industrial Average gained 70 points, or 0.2%, to end at 31,037.68, and the Nasdaq Composite gained 0.4% to reach 11,361.85. The moves came after minutes from the Federal Reserve reaffirmed the central bank remained focused on tightening… Source link