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With gas prices averaging nearly $4.50 per gallon, distraught drivers might feel they’re due for a break. But gas prices seem likely to go higher, and maybe break $5 on average, as Russian oil disappears from the market and producers struggle to keep up with demand. “My expectation is it’s going to get worse for consumers,” Vicki Hollub, CEO of Occidental Petroleum, said at a May 13 online forum sponsored by the Dallas Federal Reserve Bank. “Spare capacity is at a multi-decade low…. Source link

U.S. stocks ended mixed on Monday, with equities struggling for direction as concerns over the growth outlook persisted amid elevated inflation. The S&P 500 ended a choppy session lower, dropping 0.4% to close at 4,008.01.The Nasdaq dropped by 1.2% to end at 11,662.79, as mega-cap technology companies including Apple (AAPL) fell and dragged the index lower. The Dow Jones Industrial Average closed slightly higher to reach 32,223.42. U.S. crude oil prices (CL=F) erased earlier losses and rose… Source link

Saudi Arabia apparently made a very, very strong play to make Jack Nicklaus the face of the LIV Golf Invitational Series. According to a story published on the Fire Pit Collective on Monday, Nicklaus said he repeatedly turned down massive offers from the Saudi-backed golf venture to lead the LIV Golf series — something Hall of Famer Greg Norman eventually accepted. “I was offered something in excess of $100 million by the Saudis, to do the job probably similar to the one that Greg [Norman]… Source link

Since leaving his post as U.S. Surgeon General in the Trump administration, Dr. Jerome Adams has taken to Twitter and other social media to advocate for better masking, testing strategies and other widely supported public health issues. Now executive director of Purdue University’s Health Equity Initiatives, Adams says working outside of the political realm allows him to more clearly express his own opinions and help on more of a grassroots level. “I’m proud of the work that I was able to… Source link

If there’s one thing every football fan knows about Jerry Jones, it’s that he loves his Dallas Cowboys. Now we know just how much he loves them. Peter King of NBC Sports recently spoke with the Cowboys owner to get his opinion on what his gold star franchise could get in a sale. With the Denver Broncos currently on the block — and the expected purchase price is expected to be between $4 billion and $4.5 billion — King was wondering just how much the Cowboys could fetch. Here’s King’s setup… Source link

How about that cackle? How about Luka Doncic just straight laughing in the face of whatever poor Phoenix Sun was assigned to stop him on Sunday? Over and over the Dallas Mavericks‘ star would step back and drain a three-pointer — or occasionally take it to the hoop — and then promptly back-peddle down the court where he’d try to catch his opponent’s eye and break into an almost sinister, knowing laugh. Basketball has a long and colorful legacy of trash talk. It’s part of the game…. Source link

(Bloomberg) — Equity investors’ anxiety about a potential recession isn’t showing up in other parts of the market, which is giving JPMorgan Chase & Co. strategist Marko Kolanovic confidence in his pro-risk stance. Most Read from Bloomberg US and European stock markets are pricing in a 70% chance that the economy will slide into recession in the near-term, according to estimates by JPMorgan’s top-ranked strategist. That compares with a 50% chance priced into the investment-grade debt… Source link

HOUSTON — Deshaun Watson will meet with NFL investigators this week as the league moves closer to concluding its probe into sexual misconduct and assault allegations against the Cleveland Browns quarterback, two sources confirmed to Yahoo Sports. “It is safe to assume that the NFL will be interviewing Deshaun at great length in the near future,” one source said. The NFL has repeatedly declined comment on its Watson investigation. Both sources said the league still hasn’t indicated a… Source link

Google is facing a new class-action style lawsuit in the UK in relation to a health data scandal that broke back in 2016, when it emerged that its AI division, DeepMind, had been passed data on more than a million patients as part of an app development project by the Royal Free NHS Trust in London — without the patients’ knowledge or consent. The Trust was later sanctioned by the UK’s data protection watchdog which found, in mid 2017, that it had breached uk data protection law… Source link

The 285 graduates of the Otis College of Art and Design in Los Angeles received an extra special graduation gift Sunday when Evan Spiegel, Snap CEO and co-founder, and his wife Miranda Kerr, founder of beauty brand KORA Organics, announced they will pay off all of the Class of 2022’s student loan debt through a donation to the school. While the amount of Spiegel and Kerr’s donation was not disclosed, the college said it’s the largest single gift it has ever received, surpassing the previous… Source link