Yahoo News

Everybody’s frustrated. If somebody could do something about it, it would be done. But oil and gasoline prices are on a tear that for the time being seems unstoppable. U.S. gasoline prices have hit $5 per gallon for the first time ever, and Moody’s Analytics thinks they could hit $5.50 within a couple of weeks. There’s no mystery why. A confluence of forces, led by Russia’s invasion of Ukraine, has crimped oil supply and bumped up demand. There’s more that could go wrong, adding a… Source link

Phil Mickelson stepped to the microphone at the U.S. Open for the first news conference of the rest of his life looking like a pale shadow of his old self. His eyes were wider, his cheeks flecked with fragments of gray beard. Where once he’d sparred with the media like he was angling for a debate-team prize, now he was parrying barbed questions with dodges, evasions and brief non-answers. He wasn’t nervous — Phil Mickelson doesn’t get nervous — but he clearly wasn’t relishing… Source link

Canadian e-commerce service Shopify (SHOP) was a certified pandemic-era darling, with its stock price soaring as high as $1,690.60 per share in November 2021. But high-flying inflation, a pullback in consumer spending online compared to during the pandemic, and increased competition are punishing the company, sending shares of Shopify plummeting 76% year-to-date to $331.42 at the start of trading Monday. Shopify’s woes aren’t unique. The company is just one of a host of big-name firms… Source link

Is a recession already priced into equity markets? The world-renowned economist Jeremy Siegel says it sure looks like stocks have discounted at least a “mild recession” amid this year’s downturn. On Monday, the S&P 500 officially entered bear market territory, dropping more than 3% to a level more than 20% off its January peak. And as recession predictions continue to flood in from both Wall Street and Main Street, some sectors of the market have fared even worse. The tech-heavy Nasdaq is… Source link

Jayson Tatum and the Celtics head into Golden State for Game 5 with the series tied at 2-2. That Game 4 was one of the best games all season. To say that win was mandatory would be an understatement because we’re now looking at a 2-2 series. That means we’re down to a best-of-three championship, and it’s nearly impossible to predict what will happen next! With that said, we’ll try our best to project the players from a Yahoo perspective, so let’s start by looking at the injury… Source link

This article is part of our Yahoo DFS Basketball series. The Celtics had a chance to take control of the NBA Finals, playing Game 4 at home with a 2-1 series lead. They couldn’t pull out the victory, though, with Stephen Curry having an all-time performance for the Warriors. He continuously hit three-pointers with a hand in his face, finishing with 43 points, 10 rebounds and four assists. The Warriors have now regained home court advantage, and will try to put the Celtics on the… Source link

This article is part of our Yahoo DFS Baseball series. Monday brings 10 night games across baseball. There will be a lot of divisional battles, including the Nationals hosting the Braves and the Marlins taking on the Phillies. The game between the Marlins and Phillies has the makings of a great pitching matchup with Sandy Alcantara and Aaron Nola set to start for their respective squads. Another excellent pitcher who is scheduled to start is Alek Manoah, who will be battling a team… Source link

The following relievers are widely available in Yahoo Fantasy Baseball formats and may be worth grabbing for those searching for saves. Houck picked up two saves over the weekend and looks like Boston’s new main closer, so we’re including him here even though he’s just over the typical 50% rostered threshold. He may be eased into working back-to-back days, but Houck is a first-round pick who’s allowed just one run over 19.0 innings (with 18 Ks and a 0.89 WHIP) since moving to the bullpen… Source link

Inflation data dominated the market news at the end of last week, and rightly so. The May print, of 8.6% annualized gains in the consumer price index, marked a sharp reversal from the modest decline seen in April, and a new ‘highest level in 40 years’ data point. It reignited worries that the rosy projections – of a transient inflation, or of lower rates by early next year – are unlikely to reach fruition. Even though unemployment is low and wages are up, the declines in real… Source link

Yahoo announced six new members of its board of directors today, about a year after the internet brand was acquired by private equity firm Apollo for $5 billion [Disclosure: TechCrunch is part of Yahoo]. The new appointees include Jessica Alba, actress and founder of The Honest Company; Aryeh Bourkoff, founder and CEO of the independent global investment firm LionTree, an investor in Yahoo; Fouad ElNaggar, co-founder and CEO of Array and Sapho (acquired by Citrix); Michael Kives,… Source link