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☆ Oil prices hold firm as Israel-Lebanon tensions overshadow soft U.S. demand
▼ + stars: | 2024-06-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Crude oil futures held firm on Thursday as fears of war between Israel and the Iran-backed militia Hezbollah overshadowed soft U.S. gasoline demand. "The hurricane left a noticeable mark on US gasoline consumption," Prateek Kedia, vice president of global commodities research at JPMorgan, told clients in a research note Wednesday. Here are today's energy prices:But oil still managed to close slightly higher Wednesday, as escalating tensions on the Israel-Lebanon border provided a price floor. Daniel Yergin, vice chairman of S&P Global, told CNBC's "Squawk Box" on Wednesday that Middle East tensions are hanging over the market. He cautioned that oil could spike again, pointing to the April rally when prices broke above $90 per barrel when Israel and Iran teetered on the brink of war.

Persons: Alberto, Kedia, John Evans, Daniel Yergin, CNBC's Organizations: Beta Operating, JPMorgan, Israel, P Global Locations: Long Beach , California, Israel, Iran, U.S, Lebanon

☆ Oil prices bounce back as investors hope U.S. inventory data will point to stronger summer fuel demand
▼ + stars: | 2024-06-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures rose Wednesday as investors wait for the latest U.S. inventory data for indications of how gasoline demand is holding up as summer. Here are today's energy prices:Traders are waiting for confirmation that demand is firming from the latest U.S. oil and gasoline inventory data, which the Department of Energy will release at 10:30 am. "Thus, convincing stock draws in the US would go a long way to bolster this optimism," Evans said. Analysts are expecting that U.S .oil and gas inventories fell by 2.9 million barrels and 1 million barrels, respectively, last week, according to a Reuters poll. There are fears an Israeli offensive in Lebanon could trigger a direct confrontation with OPEC member Iran, potentially jeopardizing crude oil supplies.

Persons: Brent, John Evans, Evans Organizations: West Texas Intermediate, Traders, Department of Energy, OECD Locations: Israel, Lebanon, Iran

☆ Analysis, fits for all 58 NBA Draft picks from John Hollinger and Sam Vecenie
▼ + stars: | 2024-06-26 | by ( John Hollinger | Sam Vecenie | ) www.nytimes.com time to read: +109 min

He’s going to be a killer rebounder, monster screener and will consistently establish his position even against some of the stronger NBA players. I’m done doubting Edey, even as an NBA player. As an enormous ballhandler with serious touch and incredible vision as a passer, Topić is clearly an NBA player, even if it doesn’t all translate. Shannon is an elite athlete, but the NBA game requires more nuance, especially if he continues to be an inconsistent shooter. However, I also think he’s more than just a floor spacer on offense in spot-up situations and potentially as an off-ball scorer.

Persons: Read Sam Vecenie’s, Sam Vecenie, John Hollinger, Zaccharie Risacher, Zaccharie, Risacher, he’s, he’d, —, Saddiq Bey, De’Andre Hunter, Jalen Johnson, Dejounte Murray, Alexandre Sarr, Chet Holmgren, Victor Wembanyama, Myles Turner, Wembanyama, Holmgren, Nic Claxton, Kyle Kuzma, Flagg, Reed Sheppard, Sheppard, Sheppard isn’t, he’ll, Lonzo, Tyrese Haliburton, savants, Houston couldn’t, He’s, Donovan Clingan, Ron Holland, Holland, haven’t, don’t, Aaron Gordon, Cade Cunningham, Trajan Langdon, Tidjane, it’s, Mark Williams, Miles Bridges, Jarrett Allen, Deandre Ayton, Clingan, Ayton, Robert Dillingham, Dillingham, Tyrese Maxey —, Maxey, Trae Young, Ja Morant, Morant, Young, Dennis Schröder, Mike Conley, Zach Edey, Edey, I’m, Joel Embiid, Zach Kleiman, It’s, Devin Carter, Matas, Cody Williams, Williams, isn’t, We’re, Buzelis, Patrick Williams, Nikola Topić, Nikola Djurišić, Topić, “ Vasa, Shai Gilgeous, Alexander, Carter, Carlton “ Bub ” Carrington, Bub Carrington, Carrington, White, Will, Kel’el Ware, Ware, doesn’t, Wood, There’s, Thomas Bryant, Orlando Robinson, Bam Adebayo, Philadelphia 76ers Jared McCain, Duke Vecenie’s, Jared McCain, McCain isn’t, Seth Curry, McCain, Dalton Knecht, He’ll, Knecht, Will Hardy, Erik Spoelstra, Tristan da Silva, Tristan da Silva’s, da Silva, Jett Howard, Da Silva, Johnny Furphy, Ja’Kobe Walter, Walter, Gary Trent Jr, Bruce Brown, Isaiah Collier, Scottie Barnes, RJ Barrett, Jaylon Tyson, Tyson, Yves Missi, Yves Missi’s, Clint Capela, Zion Williamson, Missi, Jonas Valančiūnas, Larry Nance Jr, DaRon Holmes, Holmes, Jaylin Williams, Zeke Nnaji, A.J, Johnson, Jackson, Giannis, Kyshawn George, Kyle Anderson, George, Washington, George ., Dadiet, evaluators, Tobias Harris, Harris, Dillon Jones, Jones, Cason Wallace, Lu Dort, Alex Caruso, Nikola, rebounder, Minnesota Timberwolves Terrence Shannon Jr, Terrence Shannon, Shannon, Bart Torvik’s, Buddy Hield, Jimmer Fredette, Chris Duarte, Ochai Agbaji, Matisse, Marshon Brooks, Quincy Pondexter, Lazar Hayward, Davon Reed, Carrick Felix, Orlando Johnson, Hield, Phoenix Suns Ryan Dunn, Ryan Dunn, I’ve, Herb Jones —, Dunn, Derrick Jones Jr, Herb Jones ’, Hollinger, Joanna Gaines, Utah Jazz Isaiah Collier, Collier, Kris Dunn, Baylor, Creighton Vecenie’s, Baylor Scheierman, closeouts, didn’t, Toronto Raptors Jonathan Mogbo, Francisco Vecenie’s, Jonathan Mogbo, Utah Jazz Kyle Filipowski, Kyle Filipowski, Kristaps, Nikola Jokić, Brook Lopez, Duke, Milwaukee Bucks Tyler Smith, Tyler Smith, Smith, let’s, AJ Johnson, Christian Wood, Bobby Portis, Tyler Kolek, Jalen Brunson, Antonio didn’t, Juan Núñez, Juan Núñez’s, Monte Morris, — Morris, McConnell, Sergio Rodriguez, Rodriguez, Núñez, Klintman, Ajay Mitchell, UC Santa Barbara Vecenie’s, Mitchell, Wells, wasn’t, Oso, Ighodaro, Nikola Vučević, Philadelphia 76ers Adem Bona, Adem Bona, Bona, Paul Reed’s, Charlotte Hornets K.J, Simpson, Simpson isn’t, AJ Griffin, Djurišić, Pelle Larsson, Pelle Larsson’s, Larsson, Duncan Robinson, Jamal Shead, Eric Bledsoe, Patrick Beverley, Shead, I’d, Kyle Lowry, Cam Christie, Christie, Nickeil Alexander, Walker, Max, Antonio Reeves, Reeves, He’d, Nate Duncan, hadn’t, That’s, Jordan Hawkins, San Antonio Spurs Harrison Ingram, Harrison Ingram, Ingram, Newton, Tristen Newton, . Indiana Pacers Enrique Freeman, Enrique Freeman, Paul, Millsap, Freeman, Melvin Ajinça, Quentin Vecenie’s, Ajinça, Trent, Cam Spencer, Spencer doesn’t, Spencer, Luke Kennard’s, Boston Celtics Anton Watson, Gonzaga Vecenie’s, Anton Watson, He’s switchable, Watson, James, Bronny James, that’s, Still, LeBron James, Kevin McCullar Jr, Kevin McCullar, Ulrich Chomche, Ariel Hukporti, Tristan Vukčević, Khalifa Diop, Karlo Matković, Marko Simonovic, Luke Hales Organizations: Hawks, Atlanta, Perth Wildcats, Defense, NBA, Wizards, Kentucky, Wildcats, UCLA, Tyrese, Iowa State, Stephon, Spurs, Ignite, League, Pistons, Deandre, Minnesota Timberwolves, 76ers, Dillingham, Purdue, IMG, intel, Grizzlies, Edey, Memphis, Colorado, Sunrise, Lithuanian GM, Bulls, Crvena Zvezda Vecenie’s, Mega, Red Star, doesn’t, Oklahoma City, Providence Vecenie’s, Sacramento, Kings, Washington Wizards, Blazers, Carlton, Pittsburgh, Indiana, Philadelphia 76ers, Duke, McCain, Philadelphia, Sixers, Tennessee, Lakers, NCAA Tournament, Baylor, Houston, Denver Nuggets, Suns, Dayton Vecenie’s, Nuggets, Denver, Ilawarra Hawks, Jackson, Bucks, Miami, New York Knicks, Ratiopharm Ulm, Knicks, Oklahoma City Thunder, Weber State, Golden State Warriors, Illinois, Wolves, Phoenix Suns, Virginia Vecenie’s, Alabama, Mavericks, Dallas, Utah Jazz, USC, Trojans, Jazz, Baylor Scheierman, Celtics, Hoop, Toronto Raptors, Francisco, Raptors, Brook, Utah, Milwaukee Bucks, Marquette, Mikal Bridges, . Indiana Pacers, SAS, Kansas, San Antonio Spurs, today’s NBA, Ratiopharm, Detroit Pistons, Cairns, UC Santa Barbara, Belgian, Thunder, Memphis Grizzlies, Washington, Washington State, Charlotte Hornets, Atlanta Hawks, G League, Rockets, Miami Heat, Arizona, SAC, Summer League, Minnesota, Pelicans, Clippers, New Orleans Pelicans, North Carolina Vecenie’s, Stanford, Ingram, Pacers, UConn, Akron Vecenie’s, Louisiana Tech, MAC, Dallas Mavericks, Saint, Boston College Vecenie’s, Boston College, Boston Celtics, Gonzaga, Los Angeles Lakers, G, NBA Academy Africa, NBA Academy, Melbourne United Locations: Zaccharie, Indiana, Washington, Kentucky, Iowa, Haliburton, Sheppard, Connecticut, San Antonio, Detroit, Portland, Dillingham, Minnesota, Memphis, Colorado, Lithuanian, Chicago, Oregon, Miami, Philadelphia, Tennessee, Utah, California, Atlanta, Orleans, Oklahoma, Dayton, Denver, Fla, Swiss, Dadiet, New York, Shannon, Kansas, Alabama, Virginia, Collier, Boston, Oklahoma City, Milwaukee, Marquette, He’s, Europe, Spain, Spanish, Ratiopharm Ulm, Núñez, NY, OKC, Arizona, Philly, Charlotte, ORL, North, Newton, Akron, Ajinça, Africa, DAL, Cleveland

☆ With a MAGA win and a Squad loss, the political middle moves
▼ + stars: | 2024-06-26 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

So it would be an oversimplification to say that Republicans moved more MAGA and Democrats moved more moderate based on these two unrelated races. Former President Donald Trump personifies MAGA, and a large part of the Make America Great Again ethos he pushes is loyalty to him. That primary voters did not hold the spending against Latimer, as progressives argued they should, also reminds me that voters (especially Democrats) in presidential cycles tend to be cautious. Utah went its own wayWhile Boebert’s victory provides a foil for Bowman’s loss, it was far from a perfect night for more MAGA Republicans. It’s a shame that primary voters are becoming the de facto general election voters in states and districts that lean heavily to one side or the other, according to former Indiana Gov.

Persons: Lauren Boebert, MAGA, Jamaal Bowman, Donald Trump personifies MAGA, Joe Biden, Biden, Bowman, Boebert, Ken Buck, Trump, Israel, CNN’s Gregory Krieg, George, Latimer, that’s, You’ll, Dave Williams, Jeff Crank, Sen, Mitt Romney, John Curtis, Curtis, Spencer Cox, Cox, Mitch Daniels, trifecta, Daniels Organizations: CNN, Republican, Democratic, Republicans, vaping, Rep, Israel Jewish voters, Trump’s, Westchester, AIPAC, American Israel Public Affairs Committee, Fox News, MAGA Republicans, GOP, Trump, GOP Senate, Gov, Associated Press, Indiana Gov, The Washington Post Locations: Colorado, Bronx, Westchester County, New York, Gaza, Israel, Westchester, Utah, The

☆ AIPAC is not the only reason Jamaal Bowman lost
▼ + stars: | 2024-06-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Read previewRep. Jamaal Bowman was roundly defeated in the Democratic primary for New York's 16th congressional district on Tuesday, making him the first member of the progressive "Squad" to lose reelection. AIPAC spent over $17 million on Bowman's primary. On the ground, AIPAC's offensive translated into TV ads attacking Bowman and praising Latimer, as well as a deluge of mailers at residents' doors. Congressman Jamaal Bowman won both primaries, upsetting former Congressman Eliot Engel in 2020, and beating two Westchester County legislators in 2022. Months before AIPAC began dropping millions of dollars on the race, polling already showed Bowman struggling against Latimer.

Persons: —, Jamaal Bowman, George Latimer, Latimer, Bowman, Israel —, Israel, Maxine Dexter, Susheela Jayapal, Harry Dunn, AIPAC hadn't, Sen, Sarah Elfreth, Dunn, Dave Min, Summer Lee, Lee, Eliot Engel, …, IOPvbEwSZe — Daniel Marans, Rashida Tlaib, Spencer Platt, Bowman's, Cori Bush Organizations: Service, Democratic, New, Westchester, Business, American Israel Public Affairs Committee, Israel, Democratic Party, AIPAC, Republican, Law, PAC, Responsive, Capitol Police, California House, Squad, Rep, Teach Coalition, of Justice, Capitol, West Bank, Democrats Locations: Westchester County, Gaza, Oregon's, California, Israel, Pennsylvania, Westchester, Dearborn , Michigan, Detroit, Dearborn, New York, Missouri

☆ Spencer Milligan, ‘Land of the Lost’ star, dead at 86
▼ + stars: | 2024-06-26 | by ( Jack Guy | ) edition.cnn.com time to read: +1 min

CNN —Actor Spencer Milligan, best known for playing Rick Marshall in 1970s kids’ TV show “Land of the Lost,” has died at age 86. Milligan was born September 10, 1937, in Oak Park, Illinois, and died on April 18, according an obituary posted on the website of a funeral home in Sturgeon Bay, Wisconsin, where he lived. It was during this period that he played his most famous role, appearing in 30 episodes of “Land of the Lost” from 1974 to 1975. Wesley Eure as Will Marshall (left), Kathy Coleman as Holly Marshall (second-left), Philip Paley as Cha-Ka (second-right) and Spencer Milligan as Rick Marshall in "Land of the Lost." Milligan’s “Land of the Lost” co-stars Eure and Coleman paid tribute to their friend in a video posted on Facebook.

Persons: Spencer Milligan, Rick Marshall, ”, Milligan, Wesley Eure, Will Marshall, Kathy Coleman, Holly Marshall, Philip Paley, Cha, Ron Tom, Dukes, Hazzard ”, Kerry, Eure, Coleman, “ Organizations: CNN, “, Bank, Getty, “ Police, Facebook Locations: Oak Park , Illinois, Sturgeon Bay , Wisconsin, Illinois, California, Lake Michigan, “, Eure

☆ Utah Primary Election Results
▼ + stars: | 2024-06-25 | by ( ) www.nytimes.com time to read: 1 min

GovernorGov. Spencer Cox of Utah, a moderate, is facing a primary challenge from State Representative Phil Lyman, a former county commissioner who has emphasized his support for former President Trump. Mr. Cox is seeking a second four-year term.

Persons: Gov, Spencer Cox, State Representative Phil Lyman, Trump, Cox Organizations: State Representative Locations: Spencer Cox of Utah

☆ Oil prices fall as rally takes a pause while traders watch Middle East tensions, summer demand
▼ + stars: | 2024-06-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Crude oil futures fell Tuesday as the recent rally took a breather, with traders watching tensions on the Israel-Lebanon border and summer fuel demand. U.S. crude oil and global benchmark Brent are ahead 5.5% and 4.9%, respectively, for the month as prices have bounced back from May doldrums on a more optimistic outlook for summer fuel demand. Here are today's energy prices:Geopolitical tensions are also back in focus amid fears that Israel and the Iran-backed militia Hezbollah could go to war. Oil prices hit annual highs in April as Israel and Iran teetered on the brink of war, stoking fears that a wider conflict could engulf the Middle East and disrupt crude supplies. But McKay also said the oil rally could fade with funds likely to start liquidating long positions if WTI prices fall below $81 per barrel.

Persons: doldrums, Israel, CQ Brown, John Evans, Evans, Ryan McKay, McKay Organizations: Brent, Hezbollah, Air Force, Sunday, Israel, TD Securities Locations: McKittrick, Kern County , California, Israel, Lebanon, Iran, Gaza

☆ Utah Governor Primary Election Results
▼ + stars: | 2024-06-25 | by ( ) www.nytimes.com time to read: 1 min

Spencer Cox of Utah, a moderate, is facing a primary challenge from State Representative Phil Lyman, a former county commissioner who has emphasized his support for former President Trump. Mr. Cox is seeking a second four-year term.

Persons: Spencer Cox, State Representative Phil Lyman, Trump, Cox Organizations: State Representative Locations: Spencer Cox of Utah

☆ UBS says renewable energy can meet 70% of electricity demand growth — these stocks benefit
▼ + stars: | 2024-06-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The growing electricity demand from corporate America, particularly Big Tech, and the retirement of coal plants across the U.S. are creating a major opportunity for renewable energy, according to UBS. UBS sees solar and wind supplying 40% and 30% of the power demand, respectively, while natural gas will meet the remaining 30%. At the same time, "there is a straight line of direct incremental demand and financial support for renewables as corporate electricity demand increases through their 100% clean energy or 100% renewable commitments," the analysts said. Overall, solar will grow to 12.5% of electricity generation by 2030, up from less than 6% in 2023, according to UBS estimates. "There is likely a substantial market opportunity to provide reliable electricity generation and direct infrastructure for data centers," the analysts said.

Persons: Jon Windham Organizations: Big Tech, UBS, U.S, Microsoft, Google, Amazon, Companies, Nike, Pepsi, Starbucks, Meta, Energy, Technologies Locations: America, U.S

☆ Mindy Kaling reveals she recently gave birth to a baby girl, her third child, in surprise announcement
▼ + stars: | 2024-06-24 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Mindy Kaling is now a mom of three. Kaling shared the happy news on Monday, which was also her 45th birthday, writing on her Instagram page that she gave birth to a baby girl named Anne in February. “She’s the best birthday present I could’ve ever imagined,” Kaling wrote in the caption. Kaling’s announcement came as a surprise, as the “Mindy Project” actor had not previously announced that she was expecting. In March, Kaling said in an interview with Today that her two eldest children have already developed a close relationship.

Persons: Mindy Kaling, Kaling, Anne, “, ” Kaling, ”, Mindy, Katherine, Spencer, they’re Organizations: CNN

☆ Oil prices start last week of June higher, on pace for monthly gain as Israel-Lebanon tensions simmer
▼ + stars: | 2024-06-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Oil prices pulled back Friday, snapping a recent winning streak, but closed out the week nearly 3% higher. West Texas Intermediate and Brent are on pace for a monthly gain of 5.3% and 4.7%, respectively. U.S. crude oil booked its worst month of the year in May, but prices have bounced back on hopes that the market will tighten on summer fuel demand. Ryan McKay, senior commodity strategist at TD Securities, said supply risks are now back in focus as tensions are building on the Israel-Lebanon border. Israel and the Iran-backed militia group Hezbollah have traded threats of war in recent weeks.

Persons: Brent, Tamas Varga, Ryan McKay, Benjamin Netanyahu, Israel, McKay, WTI Organizations: West Texas Intermediate, TD Securities, Hezbollah Locations: East, Israel, Lebanon, Iran, Gaza

☆ Gold could rally to $3,000 over the next 12-18 months, according to Bank of America
▼ + stars: | 2024-06-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Gold prices could hit $3,000 per ounce over the next 12 to 18 months if demand increases among large institutional investors, according to Bank of America commodity strategists. Central bank demand is also a positive sign, according to Bank of America. Monetary authorities are planning to increase their purchases of gold, according to the World Gold Council's central bank survey . Central banks are increasing gold reserves as a hedge against inflation, according to the survey. Monetary authorities are also reducing U.S. Treasury holdings and increasing gold reserves amid worries about the dominance and health of the dollar, according to Bank of America.

Organizations: Bank of, Federal Reserve, Bullion Market, Bank of America, Monetary, World Gold, Treasury Locations: Central, China, Beijing, @GC

☆ ‘Catastrophic flooding’ in Upper Midwest prompts evacuations and rescues as record-breaking heat wave shifts to mid-Atlantic
▼ + stars: | 2024-06-23 | by ( Dalia Faheid | ) edition.cnn.com time to read: +6 min

Here’s the latest:• Heat wave shifts to mid-Atlantic: As heat alerts persist for over 100 million people over the weekend, the extreme heat risk will spread from the Ohio Valley on Saturday to the Mid-Atlantic on Sunday. Highs across the Ohio Valley and Mid-Atlantic have been 10 to 15 degrees above average. “An intense heat wave will continue across the Mid-Atlantic, where record high temperatures are likely,” the National Weather Service said Saturday. • Flooding prompts evacuations in Iowa: In Rock Valley, Iowa, all homes north of Highway 18 were evacuated amid high floodwaters Saturday. On Sunday, storms are possible across New England and southwestward though the Mid-Atlantic, Ohio Valley and Tennessee Valley, according to the weather service.

Persons: It’s, “, ”, Daniel Heitritter, Kim Reynolds, Regan Smith, Smith, Sioux Falls Mayor Paul TenHaken, TenHaken, Tim Walz, ” Walz, Andres Leighton Organizations: CNN, National Weather Service, Baltimore, Iowa Gov, •, Emergency, Sioux Falls Mayor, Saturday, Gov, Minnesota National Guard, FBI, Swiss Chalet, South, Storm Prediction Locations: New Mexico , Iowa, Minnesota, South Dakota, Ohio, California , Arizona, Utah, Baltimore, Washington, DC, Iowa, Rock Valley , Iowa, Spencer Saturday, • Iowa, Rock, Wisconsin, Sioux Falls , South Dakota, City, Sioux Falls, Sioux, Mexico, New Mexico, Ruidoso , New Mexico, New, New England, Mississippi Valley, Lakes, Mississippi, Atlantic, Ohio Valley, Tennessee, England, New Hampshire, Vermont

☆ How the vodka soda became 'gay water'
▼ + stars: | 2024-06-22 | by ( Alex Harring | ) www.cnbc.com time to read: +11 min

The combination of soda water and vodka has long been a fixture of boozy LGBTQ+ life, particularly among gay men. One of those came from Houston-based lawyer Jeff Watters, who called the vodka soda the "gay water" of the nighttime in a post on X. Retail is also central to the business for Gay Water, a startup offering canned cocktail variations of vodka soda. The former's vodka soda citrus is 100 calories per can, while Gay Water contains 80. The Gay Bar Shop, a specialty retailer, sells an 11-ounce, $49 candle that smells like a vodka soda with a lime garnish.

Persons: Emily Rabbideau, Justin Ruka, Orlando, Ruka, seltzer, Lucas Hilderbrand, Justin, Jeff Watters, Coke, Watters, Hilderbrand, Mary Holt, Holt, Eric Einstein, Einstein, Brendan Oudekerk, bartenders, Rose Kennedy, Tom Campbell, Campbell, James Delos Reyes, that's, Spencer Hoddeson, Hoddeson, Bud Light, Kylie Jenner's, Boston Beer, Victor Tran, Tran Organizations: Love, Alaska Airlines, CNBC, University of California, San Francisco, Gay, New York City, Washington , D.C, New, Boston Beer, Boston, Gay Water Locations: San Francisco, Irvine, Houston, bartenders, Lawrence , Kansas, New York, Washington ,, West Hollywood, influencers, New York City, Gopuff, Virginia

☆ Willie Mays: Chants of ‘Willie! Willie!’ stretched to the heavens at MLB game honoring Negro Leagues and late legend
▼ + stars: | 2024-06-21 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +5 min

Willie Mays' son, Michael Mays, addresses the crowd aside baseball greats Ken Griffey Jr., left, and Barry Bonds, right. Approximately 60 Negro League players were in attendance – marking the largest official gathering of the league’s players in nearly 30 years, according to the MLB. A line of Negro League luminaries processed onto Rickwood Field before the game as “When the Saints Go Marching In” swelled through the stadium. Greason, who served as a mentor to teenaged Mays, told Fox Sports reporter Ken Rosenthal that Negro League players took to the field despite racism and segregation. “The overwhelming consensus is that Willie Mays is the greatest all-around player who has ever played,” veteran sportscaster Bob Costas told CNN.

Persons: Willie Mays, Mays, “, Willie, ”, of Famer Reggie Jackson, wouldn’t, Michael Mays, I’ve, he’s, Ken Griffey Jr, Barry Bonds, Vasha Hunt, Jon Batiste, Bill Greason, Eugene Scruggs, Pedro Sierra, Henry Collins, Lively, Brittney Spencer, Willie Jones, C.S, Armstrong, “ Todays, Masyn Winn, Ken Rosenthal, –, Babe Ruth, Bob Costas, San Francisco Mayor London Breed, Breed, CNN’s Ray Sanchez, Wayne Sterling, Kevin Dotson Organizations: CNN, Major League Baseball, Birmingham Black Barons, Negro Leagues, MLB, San Francisco Giants, St, Louis Cardinals, of Famer, Fox, Negro League, Saints, Batiste, Birmingham Barons, St Louis Cardinals, Cardinals, Giants, Neagro League, ” Cardinals, Fox Sports, Major League, Brooklyn Dodgers, New York Yankees, New York Giants, New York Mets, The Giants, San Francisco Mayor Locations: Birmingham, America, “ Birmingham, New York, San Francisco, Birmingham , Alabama, Rickwood

☆ U.S. crude oil on pace for second weekly gain as gasoline demand surges
▼ + stars: | 2024-06-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil was on pace Friday for a second weekly gain in a row, as gasoline demand has surged to post-pandemic highs. Oil prices traded flat Friday morning but are ahead more than 3.6% for the week. Gasoline consumption in the U.S. surged to 9.4 million barrels per day, or bpd, last week, the highest level for that time of year since the Covid-19 pandemic ended, according to JPMorgan. "Gasoline demand in the US has been on a steady rise since the Memorial Day weekend and we expect a further advance as record 71 million Americans are expected to travel during the upcoming July 4th holiday," JPMorgan analyst Prateek Kedia told clients in a research note. Here are today's energy prices:Patrick De Haan, head of petroleum analysis at GasBuddy, said prices at the pump could rise after U.S. oil, gasoline, and distillate stocks all fell for the first time in weeks, indicating stronger demand.

Persons: Prateek Kedia, Patrick De Haan Organizations: JPMorgan Locations: U.S

☆ This pipeline stock could surge 17% on rising natural gas prices and coal phaseout, Argus says
▼ + stars: | 2024-06-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Pipeline operator Williams Companies offers a way for investors to play rising natural gas prices as demand grows due to the transition away from coal, according to the research firm Argus. "Our upgrade largely reflects our more bullish stance on natural gas prices," analyst Bill Selesky told clients in a research note Thursday. Demand for natural gas should rise due to hot weather conditions and the transition from coal to gas, while supply is constrained and inventories are low, the analyst said. The pipeline operator has rallied as natural gas prices have bounced back 70% over the past two months. "The power-hungry world we live in is rapidly turning to natural gas to generate this power," Armstrong said.

Persons: Williams, Bill Selesky, Selesky, Jenny Harrington, CNBC's, Harrington, Wells, Alan Armstrong, Armstrong Organizations: Williams Companies, Argus, U.S, Energy Information Administration, Williams, Asset Management, Street Locations: U.S, midstream, Tuesday's, Wells

☆ U.S. crude oil holds above $81 per barrel, on pace for second weekly gain in a row
▼ + stars: | 2024-06-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil held firm above $81 per barrel on Thursday, with the benchmark heading for its second weekly gain in a row. West Texas Intermediate has gained 4% this week, while global benchmark Brent is up 3.3%. JPMorgan is forecasting that Brent will hit $90 per barrel in September as the market tightens on falling inventories. Here are today's energy prices:Crude oil has proven resilient with upside momentum firming, Ryan McKay, senior commodity strategist at TD Securities, told clients in a research note Wednesday. Commodity trading advisors could ease up on buying and liquidate some of their length if U.S. oil drops below $80.33 and Brent falls under $84.92, McKay said.

Persons: Brent, Natasha Kaneva, Morgan, Ryan McKay, McKay Organizations: West Texas Intermediate, Brent, JPMorgan, TD Securities Locations: 3Q24

In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Explosive power demand poses a challenge to the Biden administration's goal of converting the U.S. power grid to 100% clean electricity by 2035. Nextracker is a leading U.S. solar firm, building systems that allow panels to track to the position of the sun, improving the efficiency of solar power plants. Shugar pointed to the massive number of renewable projects in the U.S. seeking connection to the power grid. But as energy demand increases, the value of each additional hour should rise, eventually making longer duration batteries more cost effective, he said.

Persons: Brandon Bell, Andrés Gluski, Joseph Rand, We've, Kelley, Wells, Goldman Sachs, Biden, Ryan Sweezey, Wood Mackenzie, Richard Kinder, Kinder Morgan, Kinder, Amin Nasser, Nasser, Shugar, Lawrence, Lazard, Nextracker's Shugar, Lawrence Berkeley, Amol Phadke, Rand, Sweezey, Reid Ramdathsingh, Ramdathsingh, Fluence, John Zahurancik, Zahurancik, it's, Zahuranick Organizations: Getty, Renewables, Energy Information Administration, Department of Energy, Big Tech, Microsoft, AES Corporation, Google, AES, Meta, UBS, Solar, Lawrence Berkeley National Laboratory, U.S, Tech, North America, DOE, CNBC, University of California Berkeley's Goldman School of Public, Goldman School, Lawrence, Rystad Energy, Siemens Locations: Ector County , Texas, Texas, California, United States, U.S, Wells Fargo, Saudi, Houston, Lawrence Berkeley, Fluence's Americas

☆ CNBC Daily Open: Nvidia unseats Microsoft as world's most valuable company
▼ + stars: | 2024-06-19 | by ( Abid Ali | ) www.cnbc.com time to read: +5 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The shift presents challenges for tech-focused ETFs and could affect their holdings of heavyweights like Nvidia , Microsoft , and Apple . Markets are pricing in at least two rate cuts this year, while Fed officials have indicated only one rate cut is likely. Nvidia takes the crown Nvidia on Tuesday surpassed Microsoft to become the world's most valuable public company with a market cap of $3.34 trillion. Federal Reserve Governor Adriana Kugler signaled the likelihood of a rate cut later this year.

Persons: Dave Calhoun, Josh Hawley, Calhoun, Hawley, Paul Ashworth, Susan Collins, Collins, Adriana Kugler, " Kugler, Jeff Cox, Cox, Claudia Sahm, —, Kif Leswing, Bob Pisani, Leslie Josephs, Alex Harring, Samantha Subin, Spencer Kimball, Yun Li, Lim Hui Jie Organizations: New York Stock Exchange, CNBC, Nvidia, Microsoft, Apple, Federal Reserve, Fed, Boeing, Federal, North, Capital Economics, Boston Federal, Peterson Institute for International Economics Locations: New York City, U.S, North America, Boston, Lawrence , Massachusetts, Washington

☆ U.S. crude oil holds above $80 per barrel after starting week with strong gains
▼ + stars: | 2024-06-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil held above $80 per barrel on Tuesday, after starting the week with strong gains. In a note to clients, Bob Yawger, executive director of energy futures at Mizuho Securities, cautioned that the rally in energy prices may largely be speculators covering short positions. Yesterday was the exception that proved the rule," Tamas Varga, an analyst with oil broker PVM, wrote in a note Tuesday. Oil prices had recently declined partly because of a decision by OPEC+ members to start rolling barrels back onto the market in the fourth quarter. Now oil is rising as analysts see the market tightening in the third quarter on expectations that summer fuel demand will draw down inventories.

Persons: Bob Yawger, Tamas Varga, PVM, Ryan McKay Organizations: West Texas, Oil, Mizuho Securities, TD Securities Locations: China, OPEC

☆ Hollywood is facing a dire threat: sports
▼ + stars: | 2024-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

AdvertisementSports media rights have never been more expensive, but media companies keep paying up. The number of TV shows across the industry has been declining since the 2022 end of the Peak TV era. Media companies have been aggressively pursuing other secondary sports to maintain their value to distributors and advertisers, as Warner Bros. All this has dire implications for entertainment budgets, which media companies have already been trimming after overspending to build streaming businesses. AdvertisementRelationships with the top people in sports will likely be a bigger factor in leadership at media companies moving forward.

Persons: —, Doug Shapiro, Shapiro, Seth Meyers, Spencer Wang, David Levy, — it's, Levy, it's, Jonathan Miller, WBD, Michael Kassan, Mark Lazarus, Media Group's, John Kosner, Ed Desser, Sports doesn't, David Zaslav, Alex Iosilevich Organizations: Service, NBA, Business, Turner Broadcasting, Apple, Google, Street Journal, NBC, ESPN, Amazon, Warner Bros, NFL, Comcast, Netflix, Nielsen, Turner Networks, Horizon, Entertainment, Marvel, Star, Integrated Media Co, Hollywood, Media, Warner Bros . Discovery, Sports, Cannes Lions, Turner, TNT, TBS, Premier League, WWE

☆ The cost of sports content is soaring — and it could mean big cuts in Hollywood budgets
▼ + stars: | 2024-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

Read previewSports has increasingly become the star of the show for big TV companies, and its ascent is sending a shiver down Hollywood's spine. AdvertisementSports media rights have never been more expensive, but media companies keep paying up. The number of TV shows across the industry has been declining since the 2022 end of the Peak TV era. Media companies have been aggressively pursuing other secondary sports to maintain their value to distributors and advertisers, as Warner Bros. AdvertisementRelationships with the top people in sports will likely be a bigger factor in leadership at media companies moving forward.

☆ Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2 billion in equity units
▼ + stars: | 2024-06-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

NextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back debt. The Florida-based power company, which operates the largest portfolio of renewable energy in the U.S., will issue equity units for $50, which will serve as a contract to purchase shares no later than June 1, 2027. The utility sector has gained about 8.5% over the past three months, outpacing the 6.2% gain by the S&P 500. But the utility space has cooled off over the past month, with NextEra falling 5% over that period. About 71% of Wall Street analysts rate NextEra as the equivalent of buy, while 24% have put a hold on the stock and 4.8% have recommended that investors sell.

Persons: NextEra, Goldman Sachs, Goldman, Carly Davenport Organizations: Energy, Energy Capital Holdings, UBS, Wall Street Locations: Florida, U.S

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