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☆ Dollar steady; ether fuels crypto rally
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: +3 min

Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Against the yen , the dollar rose 0.07% to 156.37 in the early Asian session. However, the still-stark interest rate differentials between the U.S. and Japan maintained the appeal of the yen as a funding currency. Still, the cautious Fed rhetoric has so far done little to significantly alter the market pricing for rate cuts, with investors betting on two cuts this year beginning September. Analysts said the latest crypto rally came on the back of speculation that an approval of spot ether ETFs by the U.S. SEC could be imminent, following in the footsteps of the listing of bitcoin ETFs earlier this year.

Persons: Cryptocurrencies, Carol Kong, Bitcoin, Tony Sycamore Organizations: U.S . Securities, Exchange Commission, SEC, U.S, Commonwealth Bank of Australia, New Zealand, Reserve Bank of Australia's, IG Locations: Japan

☆ Ether extends its rally following 20% surge on renewed ether ETF optimism
▼ + stars: | 2024-05-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission's decisions on spot ether exchange-traded funds applications, the first of which is due this week. Ether led the rally, rising 9% to $3,680.98, according to Coin Metrics. Investors are reconsidering the probability that the SEC greenlights spot ether ETF applications amid reports that the SEC has requested document updates from potential ETF issuers and exchanges. Final decisions on applications by VanEck and Ark Invest are due this Thursday and Friday, respectively. BlackRock, Fidelity, Invesco, Grayscale and Bitwise Asset Management also have applications awaiting decisions this year.

Persons: Cryptocurrencies, Ether, bitcoin, Robinhood, Bartosz Lipiński Organizations: U.S . Securities, Exchange, Metrics, Marathon, Energy, SEC, Cube Exchange, Fidelity, Management Locations: BlackRock

☆ Dollar calm as traders await clues on U.S. rate path
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +4 min

In this photo illustration, a person seen holding a 100 US dollar bill in his hand. The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling. The Japanese yen was flat at 155.74 per dollar, with traders on alert for any signs of government intervention. That has prompted traders to trim the amount of easing expected this year to about 46 bps, with only a rate cut in November fully priced in. In other currencies, sterling touched a two-month high of $1.2711 ahead of the crucial UK inflation report due on Wednesday.

Persons: Brian Jacobsen, Powell, Jackson, Flash PMIs, Paul Mackel, BoE, Charu Chanana Organizations: Federal Reserve, Annex Wealth Management, ANZ, European Central Bank, Bank of England, HSBC, New Zealand, Reserve Bank of New, Saxo Locations: Tokyo, Germany, U.S, Reserve Bank of New Zealand

☆ Gold hits record peak as rate cut bets burnish appeal, silver jumps
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +2 min

Gold prices hit an all-time high on Monday as a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut soon, while silver scaled a more than 11-year peak. Spot gold was up 0.9% at $2,436.76 per ounce, as of 0340 GMT after hitting a record high of $2440.49 earlier in the session. Data last week showed signs of cooling inflation and traders now expect a 65% chance of a U.S. rate cut by September. "Gold prices sneaked in a cheeky record high ahead of China's (market) open on Monday. Spot silver rose 2.5% to $32.28 after hitting an over 11-year high.

Persons: Kyle Rodda, Bullion, Matt Simpson, Wang Tao Organizations: Fort, Federal Reserve, Index, Palladium Locations: Fort Knox Alaska, Kinross, Tetlin , Alaska, U.S, China's, China

☆ Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
▼ + stars: | 2024-05-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Low-cost carrier Ryanair on Monday reported its best-ever annual profit, as passenger and revenue growth offset sharply higher operating costs. The Dublin-based firm said full-year profit after tax jumped 34% to 1.92 billion euros ($2.09 billion), and announced a 700-million-euro share buyback program. Revenue rose 25% year-on-year to 13.44 billion euros as the airline served 184 million passengers, 23% more than before the Covid pandemic. Ryanair Chief Financial Officer Neil Sorahan told CNBC's "Squawk Box Europe" Monday that its share buyback reflected a "very strong" balance sheet. "Our priorities have been very much: restore the pay for our people after Covid, bring in pay increases, pay down the debt," he said.

Persons: Neil Sorahan, CNBC's, we've, actualy Organizations: Ryanair, Revenue Locations: Dublin

☆ Cramer says activist interest in Johnson Controls is 'a gimme,' but worries about a steel stock
▼ + stars: | 2024-05-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. "The stock is up 22% [year to date], but it has lagged Trane . "It was just a mistake [to have an underweight rating on the stock]," Cramer said, adding later: "From 1995 on, you have to understand the moment inventories are lean, you've got to buy. Steel stocks: Analysts at Jefferies initiated coverage of steel stocks, beginning with a buy rating on Cleveland-Cliffs and U.S. Steel and hold ratings on Nucor and Steel Dynamics . JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion.

Persons: Jim Cramer's, Elliott, Jim Cramer, Morgan Stanley, Cramer, you've, I've, Frank Del Rio, Harry Sommer, He'll Organizations: CNBC, Club, Johnson, Bloomberg News, Micron Technology, Jefferies, Cliffs, . Steel, Steel Dynamics, JPMorgan Chase, Cruise Locations: Cleveland

"Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending," McDonald's CEO Chris Kempczinski said on the company's conference call in late April. Paul Weaver | SOPA Images | Getty ImagesFor more than two years, consumers have dealt with sharply rising prices. But that doesn't mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch. While some CEOs have said that consumers are growing more cautious, others — like those in the airline industry — have celebrated strong and persistent spending. Corporate misfires can also lead to disappointing sales, even if their shoppers aren't necessarily pulling back on their spending.

Persons: Chris Kempczinski, Burger, Paul Weaver, Jerome Powell, Aurelia Concepcion, Concepcion, it's, Joe Raedle, Brett House, John David Rainey, Ramon Laguarta, Ed Bastian, We're, Daniel Slim, Brian Niccol, Calvin McDonald, Laxman Narasimhan, Sara Senatore, Spencer Platt Organizations: DAL, Washington Post, Home, Delta Air Lines, Consumers, of Labor, CPI, KFC, Starbucks, Columbia Business School, Walmart, Finance, CNBC, PepsiCo, Gatorade, Pepsi, United, Delta Airlines Boeing, Owen Roberts International, AFP, Getty, Delta, Target, Bank of America Locations: Manhattan, Bloomsburg , Pennsylvania, New York, Georgia, Ohio, Miami , Florida, U.S, Delta, Europe, Asia, Japan, George Town, Cayman Islands, New York City

OpenAI’s fear factorThe tech world’s collective eyebrows rose last week when Ilya Sutskever, the OpenAI co-founder who briefly led a rebellion against Sam Altman, resigned as chief scientist. “Safety culture and processes have taken a backseat to shiny products,” Jan Leike, who resigned from OpenAI last week, wrote on the social network X. Along with Sutskever, Leike oversaw the company’s so-called superalignment team, which was tasked with making sure products didn’t become a threat to humanity. Sutskever said in his departing note that he was confident OpenAI would build artificial general intelligence — A.I. Leike spoke for many safety-first OpenAI employees, according to Vox.

Persons: Ilya Sutskever, Sam Altman, hadn’t, ” Jan Leike, Sutskever, Leike, —, Vox, Daniel Kokotajlo, Altman Organizations: OpenAI, C.E.O

☆ Stocks making the biggest moves midday: Hims & Hers Health, Norwegian Cruise Line, Target and more
▼ + stars: | 2024-05-20 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Hasbro — Shares gained 3% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Uranium stocks have recently gained after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel.

Persons: Wix.com, Li Auto, Goldman Sachs, Morgan Stanley, Johnson, Elliott, Joe Biden, NuScale, — CNBC's Michelle Fox, Lisa Kailai Han, Alex Harring, Samantha Subin Organizations: Norwegian Cruise, Target, GameStop, Micron Technology, Hasbro —, Hasbro, Bloomberg News, Elliott Management, Nvidia, Microsoft, Dell Technologies Locations: Norwegian, U.S, NextDecade's Rio

☆ Gold prices are at yet another record high. That means rate cuts are coming soon
▼ + stars: | 2024-05-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Gold reached a new record of $2,454.20 per ounce on Monday as markets price in Fed rate cuts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGold set another record high on Monday as Wall Street readies for monetary policy to ease this year. Given that gold is a safe haven asset, rising international face-offs have prompted more investors to buy the bullion. Meanwhile, US sanctions on Russian reserves sparked central banks to snap up the metal at record pace.

Persons: Gold, —, Grzegorz Drozdz, David Miarrions Organizations: Service, P, Trade

☆ Asia markets poised to climb ahead of China rate decision; key Japan data on deck this week
▼ + stars: | 2024-05-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty ImagesAsia-Pacific markets mostly rose Monday to kick-start a week packed with economic data from across the region. China, which laid out measures on Friday to boost its property market, will announce its one- and five-year loan prime rates later in the day. The five year LPR is a key reference rate for housing mortgages. Later this week, investors will also look to trade, inflation and business activity data out from Japan, while Singapore will release its April inflation data and final figures for its first-quarter gross domestic product.

Persons: Jiang Qiming Organizations: People's Bank of China, China News Service, Getty Images Locations: Beijing, China, Getty Images Asia, Pacific, Japan, Singapore

☆ Brent oil gains after Iran's President dies, Saudi flags issue with King's health
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +3 min

Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king. Brent gained 10 cents, or 0.1%, to $84.08 a barrel by 0454GMT, after rising to $84.30 earlier, its highest since May 10. He added that WTI prices may rebound further toward $83.50 after rising above the 200-day moving average of $80.02. Despite the volatility in the region, oil prices moved only slightly. "Continuity in Saudi strategy is expected regardless of this health issue," he added.

Persons: Brent, Ebrahim Raisi, Saudi Arabian Crown Prince Mohammed bin Salman, King Salman, Yoshimasa Hayashi, Tony Sycamore, Sycamore, Warren Patterson, Patterson, Saul Kavonic, Prince Mohammed Bin Salman's Organizations: Brent, . West Texas, Saudi, Saudi Arabian Crown, Iranian, IG, ING, The, of, Petroleum, Petroleum Reserve Locations: Fort Stockton , Texas, Saudi, Japan, East Azerbaijan, Saudi Arabian, China, U.S, United States, Washington

☆ I bought my first home this year: 7 things I wish I'd done before getting serious about my search
▼ + stars: | 2024-05-20 | by ( Celia Fernandez | ) www.cnbc.com time to read: +9 min

When my partner and I signed a two-year lease to move into our second New York City apartment together in 2021, we agreed that the next place we lived in would be ours. New York City is where I grew up, and I am not ready to give up my status as a "passenger princess" — yes, I'm 31 and don't have a driver's license. "There are four things that go into getting a mortgage: your credit, your income, your assets, and the property," Forbes says. The application process for a program like the New York City HomeFirst Down Payment Assistance Program or the NYS AHC grant can take several months. My partner and I bought a co-op, which is very common in New York City.

Persons: We've, Dave Forbes, Forbes, you've, Z, Gen Zers, millennials, wouldn't Organizations: New, Chase, NYS, Qualtrics, National Association of Housing Cooperatives, Rocket Mortgage Locations: New York City, Riverdale, Bronx , New York, Manhattan, Midtown, New York State, New York, That's, millennials, .

☆ Legalized Weed Is Landing More Seniors in the E.R.
▼ + stars: | 2024-05-20 | by ( Matt Richtel | ) www.nytimes.com time to read: +1 min

The NewsAs more places legalize marijuana, policymakers and health officials have worried about the health risks that the drug may pose to adolescents. But a new study suggests that an additional demographic is at risk: seniors. The study, published Monday in JAMA Internal Medicine, found that after Canada legalized marijuana, the number of emergency room visits for cannabis poisoning rose sharply among people ages 65 and older. Poisonings doubled after Canada legalized sale of the cannabis flower, and then tripled just 15 months later, when Canada legalized the sale of edibles. Stall said, and showed that more attention needed to be paid to drug use by seniors, and to the health effects.

Persons: Poisonings, “, ”, Nathan, edibles Organizations: Canada, Mount Sinai Hospital, Women’s College Hospital Locations: Canada, Mount, Toronto, United States

☆ Recession seems almost certain with 19 states in trouble already, expert warns
▼ + stars: | 2024-05-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Read previewGet ready for a recession that hammers consumers, squeezes companies, and drags down stocks, a veteran economist warned. "There is a very high probability of a recession," Nancy Lazar, Piper Sandler's chief global economist, told WealthTrack in a recent interview. Whenever that many states have recorded significant increases in joblessness in the past, there's been a nationwide recession, she noted. AdvertisementSeveral parts of the economy are "really, really struggling," Lazar continued. "If we have a recession, inflation will slow," she said.

Persons: —, Nancy Lazar, Piper, WealthTrack, Lazar, you've, You've, Lazar said, there's, They've, I'm, I've Organizations: Service, Cornerstone Macro, Business, Fed Locations: joblessness

☆ Artist Kehinde Wiley denies accusations of sexual assault
▼ + stars: | 2024-05-20 | by ( Stephy Chung | Nicole Mowbray | ) edition.cnn.com time to read: +4 min

CNN —Kehinde Wiley, the American artist best known for painting former US President Barack Obama’s official portrait, has denied accusations of sexual assault. In an Instagram post shared Sunday, British-Ghanaian artist and curator Joseph Awuah-Darko alleged Wiley sexually assaulted him twice in 2021. Awuah-Darko said the first incident occurred on June 9, 2021, at a dinner held at the Noldor Artist Residency in Ghana, to celebrate Wiley’s work. In Sunday’s Instagram post, he wrote that reporting the assault in Ghana “would have been problematic at best — dangerous at worst,” given the country’s broader attitudes towards LGBTQ people. Wiley rose to international fame in 2017, when he was chosen to paint Obama’s official portrait for the Smithsonian’s National Portrait Gallery.

Persons: CNN — Kehinde Wiley, Barack Obama’s, Joseph Awuah, Darko, Wiley, Awuah, ” Awuah, ”, ” Wiley, “, Kehinde Wiley, Barack Obama, Mark Wilson, I’m Organizations: CNN, New York Times, Getty, ” CNN, Wiley, Ghana “, Yale University Locations: British, Ghanaian, Ghana, Accra, Washington , DC, Nigeria, New York, Ghana’s

☆ How Red Lobster’s misguided endless shrimp promotion drove it into bankruptcy
▼ + stars: | 2024-05-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Red Lobster filed for bankruptcy Sunday, and the bankruptcy filing sheds new light on Thai Union’s role in the endless shrimp mishap. Red Lobster said it is investigating the circumstances of that promotion, which Red Lobster management opposed. Michael Nagle/Bloomberg/Getty Images“This decision created both operational and financial issues for [Red Lobster]… saddling the company with burdensome supply obligations” to Thai Union, Red Lobster said in the filing. “Certain operational decisions by former management have harmed [Red Lobster’s] financial situation in recent years,” Red Lobster said in its bankruptcy filing. Red Lobster stallsBut Red Lobster fell behind its sister brand Olive Garden under Darden.

Persons: Michael Nagle, ”, Alex Susskind, Susskind, General Mills, Bill Darden, Charley Woodsby, Darden, ” Woodsby, Jonathan Maze, Betty Crocker, Red, Mills, Cyrus McCrimmon, ” Joe Lee, Olive, Red Lobster’s, “ Darden, ” Les Foreman, Anthony Behar, SIPPL, AP Darden, they’ve, John Gordon, “, Patrick T, Fallon, Thiraphong Chansiri, ” “, ” Chansiri Organizations: New, New York CNN, Union became Red, Thai Union, Red Lobster, Bloomberg, Getty, Cornell University, CNN, Baby Boomers, General, Howard, Restaurant Business, Darden, Lobster, Denver Post, Harvard Business School, Longhorn, AP, Gate, ‘, Thai, Getty Images Thai Union, ” Thai Locations: New York, Thai Union, Bangkok, Thai, underinvestment, Lakeland , Florida, Orlando, America, Olive, Square , New York, Sale, Torrance , California, AFP

☆ Stocks making the biggest moves premarket: Apple, Nvidia, Li Auto and more
▼ + stars: | 2024-05-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Apple — Apple shares slipped less than 1% after Reuters reported the technology giant is implementing aggressive discounts on its iPhones in China. Micron Technology — Shares moved 2.3% higher after Morgan Stanley upgraded the semiconductor company to equal weight from underweight. Johnson Controls — Shares rose 5% after Bloomberg News reported Elliott Management has built a more than $1 billion stake in the security and safety company. Teradyne – The semiconductor testing equipment stock rose nearly 3%. Goldman Sachs upgraded Teradyne to a buy rating, citing its recent strong quarter and expectations for a "cyclical recovery" within its system-on-chip design test business.

Persons: Morgan Stanley, Li, Johnson, Elliott, Goldman Sachs, —, Alex Harring, Michelle Fox Organizations: Apple, Reuters, Micron Technology —, Micron, Nvidia, Barclays, Stifel, Li Auto, GameStop, AMC Entertainment, Bloomberg News, Elliott Management Locations: China

☆ Critics Fault ‘Aggressive’ N.Y.P.D. Response to Pro-Palestinian Rally
▼ + stars: | 2024-05-19 | by ( Chelsia Rose Marcius | Jay Root | ) www.nytimes.com time to read: +1 min

Violent confrontations at a pro-Palestinian rally in Bay Ridge, Brooklyn, on Saturday reflected what some local officials and protest organizers called an unexpectedly aggressive Police Department response, with officers flooding the neighborhood and using force against protesters. At the rally, which drew hundreds of demonstrators, at least two officers wearing the white shirts of commanders were filmed punching three protesters who were prone in the middle of a crosswalk. One officer had pinned a man to the ground and repeatedly punched him in the ribs, a 50-second video clip shows. Another officer punched the left side of a man’s face as he held his head to the asphalt. The police arrested around 40 people who were “unlawfully blocking roadways,” Kaz Daughtry, the department’s deputy commissioner of operations, said on social media on Sunday.

Persons: ” Kaz Daughtry, Mr, Daughtry, “, ” Organizations: Department, The Police Department Locations: Bay Ridge, Brooklyn

☆ Stock futures tick higher after Dow closes above 40,000 for the first time: Live updates
▼ + stars: | 2024-05-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. U.S. stock futures ticked higher on Sunday night, after the Dow Jones Industrial Average closed above the key 40,000 level for the first time ever on Friday. S&P 500 futures and Nasdaq 100 futures were also marginally higher. The S&P 500 inched 0.1% higher Friday, while the Nasdaq Composite slipped by less than 0.1%. Palo Alto Networks , AutoZone , Target , Analog Devices , Intuit and Ralph Lauren will post their results in the upcoming days.

Persons: Tom Lee, Lee, Ralph Lauren Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dow, Fundstrat Global Advisors, Microsoft, Technology, Palo Alto Networks, Devices, Intuit, Federal, Wednesday Locations: New York City . U.S, Palo

Mortgage rates dropped last week following the release of April's Consumer Price Index data, which showed that inflation slowed last month. Mortgage rates are expected to go down as inflation decelerates toward the Fed's 2% target level. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Now that the Fed has paused hiking rates, mortgage rates have come down a bit. Once the Fed starts cutting rates, which is likely to happen this year, mortgage rates should fall even further.

Persons: Freddie Mac Organizations: April's, Federal Reserve, Mortgage, Zillow, Fed Locations: Chevron

Lai, 64, a former doctor, was inaugurated alongside new Vice President Hsiao Bi-khim, who recently served as Taiwan’s top envoy to the United States. Both leaders and their party are openly loathed by Beijing for championing Taiwan’s sovereignty. Lai takes up the mantle from DPP predecessor Tsai Ing-wen, who bolstered the island’s international standing and recognition during her eight years in office. He is also expected to project goodwill to China with a message of pursuing peace and prosperity across the Taiwan Strait. That deliberately nuanced stance mimics his outgoing predecessor Tsai, Taiwan’s first female president, who was unable to stand again because of term limits.

Persons: Taipei CNN — Lai Ching, te, Lai, Hsiao Bi, China’s, Tsai Ing, Tsai –, –, Xi Jinping, Tsai, Taiwan’s, rebuking Organizations: Taipei CNN, Democratic Progressive Party, Communist Party, CNN, Kuomintang, KMT, Taiwan People’s Party, DPP, ” Locations: Taipei, China, United States, Beijing, Taiwan

☆ Smellmaxxing, Explained
▼ + stars: | 2024-05-19 | by ( Callie Holtermann | ) www.nytimes.com time to read: +1 min

There’s something going on with the way teenage boys smell. It’s become a cliché for adolescents to douse themselves in Axe body spray at the first sign of puberty. But lately, teen and even tween boys with money to spare are growing obsessed with designer fragrances that cost hundreds of dollars. Ask a teenager why he wants a $200 bottle of cologne, and he might tell you he’s “smellmaxxing,” a term for enhancing one’s musk that is spreading on social media. But they’re moving the needle: Teenage boys’ annual spending on fragrance rose 26 percent since last spring, according to a recent survey by an investment bank.

Persons: douse, “, ”, Logan, Valentino, Emporio Armani, Tom Ford’s Locations: cologne, Chicago

☆ Who’s going to win the PGA Championship? Breaking down a crowded leaderboard
▼ + stars: | 2024-05-18 | by ( Brody Miller | ) www.nytimes.com time to read: +13 min

Follow live coverage of the final round of the 2024 PGA Championship todayLOUISVILLE, Ky. — Justin Thomas predicted it so perfectly. Six of the biggest names in golf are within two shots of the lead on Sunday at the year’s second major championship. It served as a reminder — just as his hot start at the Masters did — of the truth about DeChambeau: Golf hated DeChambeau. That combined with a PGA Championship win to add to his 2013 U.S. Open win at Merion takes Rose from solid career to one of the best European golfers of the century. It coming at a PGA Championship (often viewed as the lowest of the four majors) wouldn’t help.

Persons: — Justin Thomas, Rory McIlroy, Phil Mickelson’s, Rickie Fowler’s, There’s, ” Thomas, Xander Schauffele, Bryson DeChambeau, Shane Lowry, Ryder, it’s, Scottie Scheffler, Collin Morikawa, Morikawa, hasn’t, Scheffler, Schauffele, Xander, He’s, he’s, Sahith Theegala, DeChambeau, It’s, —, ake, ike, hick, lew, Å berg, eason, ron, H, aturday,, ory, cIlroy Organizations: Valhalla, birdies, Bryson DeChambeau EAGLES, ust Locations: LOUISVILLE, Ky, Valhalla, ”, Louisville, COVID, iewed, ife

☆ PGA Championship: Collin Morikawa, Xander Schauffele top crowded leaderboard
▼ + stars: | 2024-05-18 | by ( Gabherzig | Hugh Kellenberger | ) www.nytimes.com time to read: +3 min

LOUISVILLE, Ky. — Scottie Scheffler has dropped off, but a crowded leaderboard still exists after Round 3 of the PGA Championship on Saturday. AdvertisementSchauffele, seeking his first major championship, has led after each round of the PGA Championship, but shares it for the first time with Morikawa, who is looking for major No. Shane Lowry (who shot a PGA Championship record-tying 62), Bryson DeChambeau and Viktor Hovland are tied for fourth at 13-under. Theegala ticking off his first major championship and contending on the biggest stage of his career. Justin Rose becoming the first Englishman to win the PGA Championship in 100 years.

Persons: — Scottie Scheffler, Collin Morikawa, Xander Schauffele, Schauffele, Morikawa, Sahith, Shane Lowry, Bryson DeChambeau, Viktor Hovland, Justin Rose, Robert MacIntyre, Dean Burmester, Scheffler, bogeys, Ted Scott, Scott, Lowry, Hovland, Joe Mayo, MacIntyre, Hodges, Andrew Redington Organizations: PGA, Valhalla Golf Club, Ryder, Scheffler, Valhalla Locations: LOUISVILLE, Ky

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