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Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns out to be true. OPEC will be meeting again in the coming days to discuss its export agreements, while today the oil group is presenting its Annual Statistical Bulletin (ASB) 2022. While the media is likely to be focused on rumors in the next 24 hours of a possible change in the export strategy of OPEC+, the real focus should be on… Source link

(Bloomberg) — Stock dip-buyers across the ETF world have vanished after seeing their account balances ravaged too many times in the 2022 meltdown. Most Read from Bloomberg Three times, to be specific. That’s the number of 5% bounces that have failed to endure in the S&P 500 this year — luring billions of dollars to exchange-traded funds in every rebound. Not this time. As the S&P 500 jumped more than 6% through Friday from its 2022 trough, roughly $10 billion was pulled out of equity funds,… Source link

Canelo Alvarez barely hid his disdain for rival Gennadiy Golovkin during media tour stops in Los Angeles and New York to promote their Sept. 17 bout for the undisputed super middleweight title at T-Mobile Arena in Las Vegas. Alvarez, who got a draw in their first fight in 2017 and won the second in 2018, referred to Golovkin as “an a**hole,” during interviews in Los Angeles. His ire is largely in response to Golovkin’s comments in 2018 about him shortly after Alvarez tested positive for… Source link

The stock market is off to one of its worst starts ever this year, with the S&P 500 falling more than 20% year to date. It’s a rout that has left many investors wondering when they will be able to “buy the dip.” Morgan Stanley Wealth Management’s Lisa Shalett says don’t hold your breath. The chief investment officer believes stocks have more room to fall as many companies have yet to change their earnings forecasts after the Federal Reserve’s decision to increase the pace of its… Source link

US stocks were under pressure Tuesday, with the Nasdaq losing about 3% as selling ramped for technology shares especially. As of the close, the S&P 500 was off 2%, bringing it down to 3,821.74. The Dow fell by 490 points, or 1.6%, and the Nasdaq dropped 2.98% to 11,181.54. The small cap Russell 2000 was also down more than 1.5%. Stocks had taken a leg lower in morning trade after a new report showed US consumer confidence deteriorated to a 16-month low in June amid ongoing inflation concerns,… Source link

When the Supreme Court overturned Roe v. Wade, many companies like Netflix (NFLX) revealed they’d pay expenses for workers who need to travel to get an abortion. Some employers also vowed in the same announcement to pay for those who need to go out of state for gender-affirming care, too. It might seem random for companies to stress their support for LGBTQ workers in the same breath as abortion rights. However, the move reflects employers’ efforts to foresee their workers’ needs and fears in… Source link

This article is part of our Yahoo DFS Baseball series. Not only will all 30 teams be in action Tuesday, but we’ll have 16 games since the Twins and Guardians will play a doubleheader. With so many games on the schedule, it comes as no surprise that there are a few top-tier pitchers set to take the mound. One that jumps off the page is Carlos Rodon, who has an excellent matchup versus the Tigers. Things won’t be as easy for Clayton Kershaw, who will have to the face the Rockies at… Source link

Americans were sitting on $815.3 billion worth of savings as of April. This may be good news for consumers individually, but bad news for the Federal Reserve, whose efforts to slow inflation could be delayed by this extra pile of cash lying around. “The problem is there is so much cash on household sector balance sheets and corporate sector balance sheets that it’s going to take more rate hikes to slow the economy down, simply because the starting point is a level of cash that is much higher… Source link

With Deshaun Watson‘s disciplinary hearing beginning this week, even as new details are emerging in the case, the Cleveland Browns are bracing for whatever length suspension their new quarterback might face. In light of that, some Browns fans have wondered: What direction will they go when Watson’s punishment is eventually handed down? And to take it a step further: Could their ex officio QB Baker Mayfield somehow factor into the Browns’ equation this season? He does, after all, remain on the… Source link

‘They’ll chicken out’: Fund legend Rick Rule says the Fed won’t keep hiking rates aggressively to prevent ‘amazing damage.’ Here are 3 spots he likes for your dough The Fed is raising interest rates aggressively in an attempt to tame raging inflation. But according to legendary investor Rick Rule — former president and CEO of investment fund Sprott U.S. Holdings — things may not go as planned for America’s central bank. “I think they’ll chicken out,” he told Stansberry… Source link