The PGA Tour fired back at a lawsuit filed by professional golfers who recently joined the rival LIV Golf tour, dubbing them “Saudi Golf League employees,” according to a memo obtained by Yahoo Finance. Phil Mickelson, Bryson DeChambeau, and nine other LIV golfers filed an antitrust complaint against the PGA Tour on Wednesday. Within hours, the PGA Tour responded in a scorching memo to members from Tour Commissioner Jay Monahan. “It’s an attempt to use the TOUR platform to promote… Source link
Read More »‘I don’t think we’re in a recession’
Former Treasury Secretary Larry Summers says he doesn’t think the U.S. is in recession now, but says there’s a 75% chance the economy tips into recession in the next 18 months. “I don’t think we’re in a recession,” Summers told Yahoo Finance in an interview. “[But] given the difficulties associated with high inflation and bringing it down, the necessary monetary policy response, the odds that the economy will go into recession within the next 18 months are quite serious, and… Source link
Read More »Warner Bros. Discovery expected to slash jobs, restructure HBO Max as earnings loom
Warner Bros. Discovery (WBD) has a lot of questions to answer ahead of its earnings report on Thursday. The three-month-old streaming conglomerate, which is set to report its first quarterly earnings since the $43 billion merger, plans to lay off 70% of its development business, according to The Wrap, which cited “multiple insiders.” The news has fueled speculation when it comes to the future of HBO Max with sources telling The Wrap that CEO David Zaslav, known for his cost-cutting leadership… Source link
Read More »Dolphins QB Tua Tagovailoa not happy his quiet marriage leaked: ‘Kind of disrespectful’
Miami Dolphins quarterback Tua Tagovailoa is a newly married man. It appears that is something he would rather the world not have learned. Speaking with reporters on Wednesday, Tagovailoa confirmed he had recently married Annah Gore and indicated he intended to keep that part of his private life as private until the news eventually leaked. Tagovailoa on the wedding: “It was very special. I don’t know who ended up leaking it, but he must have been waiting outside the courthouse for an entire… Source link
Read More »Saints rookie Trevor Penning kicked out of practice after 3rd day of fighting
New Orleans Saints rookie Trevor Penning is having a spirited start to training camp. Penning was kicked out of practice on Wednesday after starting a fight for the third day in a row. The offensive tackle started a fight with defensive lineman Malcolm Roach, who was also kicked out. “We don’t have time for that,” Saints coach Dennis Allen said, via ESPN’s Katherine Terrell. “I sent two guys in today and we’ve got to get our work done. We’ve got to learn as a team how to compete and how to… Source link
Read More »Phil Mickelson, Bryson DeChambeau, nine others file antitrust lawsuit against PGA Tour
Phil Mickelson, Bryson DeChambeau and nine other players involved with LIV Golf have filed suit against the PGA Tour, charging antitrust violations and alleging a wide-ranging pattern of coordinated behavior between the Tour and multiple other golf entities. In the lawsuit, , the players are challenging their suspensions from the PGA Tour, some of which extend into 2024. In addition, three players – Talor Gooch, Hudson Swafford and Matt Jones – are seeking a temporary restraining order to… Source link
Read More »NFL to appeal arbitrator’s Deshaun Watson 6-game suspension, putting punishment back into league’s hands
BEREA, Ohio — The NFL has moved to appeal the six-game suspension handed down to Deshaun Watson after deliberating over Monday’s personal conduct judgement by arbitrator Sue L. Robinson, the league announced Wednesday. This effectively extends the league’s personal conduct case against Watson into next week, and puts the final determination into the hands of commissioner Roger Goodell or any designee he appoints to hear the appeal. “Under the 2020 NFL-NFLPA collective bargaining… Source link
Read More »PayPal’s sudden $900 million cost cutting creates a huge new challenge
PayPal has only known a growth, growth, growth mindset under long-time CEO Dan Schulman. That mindset officially ended as of August 2 as PayPal switches tactics to appease activist investor Elliott Management, which has disclosed a $2 billion stake in the payments giant. Late Tuesday, the company outlined $900 million in cost cuts — mostly through layoffs, real estate consolidation, and project cutbacks. PayPal also uncorked a new $15 billion stock buyback plan. Investors cheered the about… Source link
Read More »Twitter subpoenas Binance and a dozen more firms over $44B Musk deal
Bankers and advisers that backed Tesla (TSLA) CEO Elon Musk’s $44 billion bid for Twitter (TWTR) have been hit with a flood of new subpoenas from the social media site’s lawyers. Those lawyers want to know what happened in Musk’s private negotiations leading up to the now-disputed deal. On Tuesday, Twitter filed more than a dozen subpoenas in its fast-tracked lawsuit to force Musk to go through with the deal. The filings directed to Musk’s advisers and would-be lenders — including Source link
Read More »Jimmy Garoppolo cleared, but won’t practice as 49ers seek trade
NFL training camps are already in full swing, but there’s one significant domino still left to fall. San Francisco 49ers quarterback Jimmy Garoppolo is looking for a new after undergoing offseason surgery. The 49ers have made it clear Garoppolo will be traded before the start of the regular season. The team committed to second-year quarterback Trey Lance at the start of training camp, signaling Garoppolo’s run in San Francisco was over. Though Garoppolo is finally healthy, the team will limit… Source link
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