Yahoo News

It probably takes a certain level of audacity to become a billionaire, to parlay an uncle paying for your education and your mom floating you money to live off of after you got fired from your first job into a portfolio that includes real estate properties around the world and an NFL franchise. Like the audacity of throwing anyone under the bus you deem to be in your way as you accumulate obscene amounts of wealth. The audacity of selling yourself as a champion of racial equality while hosting… Source link

Should the U.S. government get into the oil and gas business? Absolutely not! This is a capitalist country and …. Wait, maybe it makes sense. Since 1975, the United States has bought and sold oil for the strategic petroleum reserve, a national stockpile established for times of emergency. This year, President Biden has authorized the release of 180 million barrels of oil—one fourth of the total—to help combat gasoline prices that soared to a peak of $5.02 per gallon after Russia invaded… Source link

JetBlue CEO Robin Hayes sees no loss in altitude for consumer demand headed into the back half of the year, despite swirling recession fears and disappointing financial results from the airline. “Demand remains extremely strong,” Hayes said on Yahoo Finance Live Tuesday. “We continue to see extremely strong demand [into the fourth quarter.]” The bullish take from Hayes comes as JetBlue shares fell 6% on Tuesday’s session after higher costs for labor and fuel weighed on second quarter… Source link

MicroStrategy (MSTR) announced on Tuesday its founder and CEO Michael Saylor will step down from the top job and take a new post as executive chairman, focused on the company’s bitcoin strategy. Phong Le, the company’s president, will take over in the CEO role. MicroStrategy reported quarterly results that were light of Wall Street estimates on Tuesday, with revenue coming at $122.1 million against expectations for $126 million. Losses in the quarter totaled $918.1 million, with $917.8 million… Source link

Stocks finished lower on Tuesday following a volatile trading session that saw the Nasdaq gain over 1% at its highs and the Dow ultimately lose more than 1%. When the closing bell rang on Tuesday, the S&P 500 was down 0.66%, the Dow off 1.22%, and the Nasdaq down 0.16%. Stocks opened Tuesday’s session lower with traders citing rising U.S.-China tensions amid House Speaker Nancy Pelosi’s trip to Taiwan as the source of market stress. Stocks around the globe were lower overnight on Tuesday ahead… Source link

This article is part of our Yahoo DFS Baseball series. Tuesday has the potential to be wild. Not only is it the trade deadline, but there are 16 games on the schedule. With players potentially being on the move, it will be important to wait for lineups to be released before entering your DFS lineups. Among the matchups that figure to be locked in is Jameson Taillon against Logan Gilbert for when the Yankees host the Mariners. Strikeout machine Spencer Strider is also scheduled to… Source link

James Washington was supposed to help soften the blow of the offseason departure of Amari Cooper. Now he’ll have to wait to make his Dallas Cowboys debut. The fifth-year wide receiver who joined the Cowboys from the Pittsburgh Steelers as a free agent sustained a foot fracture at training camp on Monday. He needs surgery and is expected to miss up to 10 weeks, according to multiple reports. His absence will further stretch a Cowboys receiving corps that expected to start Week 1 against the Source link

After a whirlwind three weeks, Juan Soto is on the move. The Washington Nationals reportedly traded their young superstar to the San Diego Padres on Tuesday alongside star first baseman Josh Bell, hours ahead of MLB’s 6 p.m. trade deadline, Yahoo Sports’ Hannah Keyser confirmed. MLB.com’s Jon Morosi reported the deal. With the blockbuster deal, Padres executive A.J. Preller adds two of the best hitters available and sets up the potential for a Soto-Manny Machado-Fernando Tatis Jr. lineup… Source link

Pinterest (PINS) shares soared more than 12% on Tuesday following its quarterly results and support from activist hedge fund Elliott Management for the search-and-discovery platform’s new CEO Bill Ready. “Pinterest occupies a unique position in the advertising and shopping ecosystems, and CEO Bill Ready is the right leader to oversee Pinterest’s next phase of growth,” read a statement by activist investor Elliott Management, the company’s largest shareholder, with a 9% stake. Ready served… Source link

I’m not sure how you can profess to be “light-years ahead of probably every other team in structure, in planning, in how we’re going to go about things” and complain about the rules governing the structure and planning that all NBA franchises are subject to, but Golden State Warriors owner Joe Lacob is sure trying. Lacob will have you believe it’s “very unfair” that the Warriors have to pay escalating taxes in order to keep a championship team together, when his unique ability to rage… Source link