- Lesbian Artist Receives Multi-Year Prison Sentence for Criticizing Putin, Military Yahoo! Voices
- Russian Human Rights Council Member Calls Incarceration Of Anti-War Artist Skochilenko ‘Deadly Dangerous’ Radio Free Europe / Radio Liberty
- Judge who convicted Russian anti-war protester Sasha Skochilenko recommended for promotion Meduza
- Artist’s Sentencing for Price Tag Swap ‘Mortally Dangerous,’ Member of Putin’s Rights Council Says The Moscow Times
- Judge Who Convicted Russian Anti-War Protester Skochilenko Tabbed For Promotion Radio Free Europe / Radio Liberty
- View Full Coverage on Google News
Tag Archives: multiyear
Colts’ Jonathan Taylor expresses surprise that NFL’s top free agent RBs cannot reach multi-year deals – Stampede Blue
- Colts’ Jonathan Taylor expresses surprise that NFL’s top free agent RBs cannot reach multi-year deals Stampede Blue
- Colts’ Jonathan Taylor, Titans’ Derrick Henry among RBs reacting to lack of deals at franchise tag deadline NFL.com
- Jonathan Taylor’s one-word response to failed Saquon Barkley, Josh Jacobs contract talks New York Post
- Colts RB Jonathan Taylor reacts to top running backs not getting new deals Horseshoe Heroes
- ‘Doesn’t matter, you’re a RB’: Colts Jonathan Taylor responds to RBs not getting contracts IndyStar
- View Full Coverage on Google News
Texas is facing a housing crisis, a migrant crisis, a multi-year drought, and an epidemic of mass shootings. Ted Cruz, meanwhile, has opened an investigation into Bud Light. – Yahoo News
- Texas is facing a housing crisis, a migrant crisis, a multi-year drought, and an epidemic of mass shootings. Ted Cruz, meanwhile, has opened an investigation into Bud Light. Yahoo News
- LGBT group removes Anheuser-Busch from ‘Best Places to Work’ for not ‘standing by’ Mulvaney ad Fox Business
- Ted Cruz Launches Investigation Into Bud Light for Ad Featuring Transgender Influencer, Because No, He Doesn’t Have Anything Better to Do Vanity Fair
- Analysis | Ted Cruz figures out a way to guzzle new Bud Light headlines The Washington Post
- Sen. Ted Cruz calls for investigation into Bud Light’s partnership with Dylan Mulvaney The Cincinnati Enquirer
- View Full Coverage on Google News
Tesla’s Stock Price Hits a Multi-Year Low – Rolling Stone
Tesla has lost over $800 billion in market value in the last year — a decline fueled by Musk’s sloppy work at Twitter
Tesla’s stock price plummeted to $110.55 on Tuesday, its lowest price since September 2020, and the drop in shareholder value could represent the company’s worst performance since its debut on public markets.
Despite the value of Tesla’s stock reaching a 52-week peak of $402.67 in March, the 9-month decline has cost the company more than 800 billion in market value in the last year. The electric vehicle company is underperforming a depressed tech sector market, which is down 40.8 percent year to date, by nearly 30 points, and hitting multi-year lows on an almost daily basis. In mid-December, Musk sold off more than $3 billion in Tesla shares, tacking the sale on to the more than $40 billion worth of shares he has offloaded this year.
If the bearish year experienced by tech companies wasn’t enough to concern Tesla investors, Musk’s tumultuous acquisition of Twitter has sent confidence in the billionaire’s ability to successfully manage both companies down the drain. The gravity of the situation is, in fact, sinking in.
Prominent investors in Tesla have pleaded with Musk to shift his focus back to his flagship company and appoint a successor to manage Twitter’s day-to-day operations. After polling Twitter users as to whether or not he should remain in charge of Twitter – and being thoroughly rejected by the voters – Musk announced that he would step down as CEO of Twitter as soon as he found an adequate replacement. Progress on that front has not been announced.
Despite Musk’s virtual full-time devotion to managing Twitter at the expense of Tesla, both companies are suffering from his divided attention. Musk has made a series of executive content moderation decrees that have backfired spectacularly, including the arbitrary banning of journalists, penalizing promotion of other social media accounts, and launching Twitter blue as a paid-verification service that artificially boosts subscribers’ content over that of non-paying users. The resulting chaos has lost Twitter more than half of its top advertisers, and the platform is bracing to face a potential barrage of lawsuits from former employees, unpaid vendors, and even international government bodies.
Earlier this month, Tesla investor Joe Cirincion accused Musk of “killing the company with his antics,” but the collapse of Tesla’s financial value may result in Musk having inadvertently killed two birds with one stone.
Yankees To Re-Sign Anthony Rizzo To Multi-Year Deal
The Yankees and Anthony Rizzo are in agreement to reunite on a two-year deal with a $40MM guarantee. That comes in the form of a $17MM salary in 2023 and 2024, followed by a $17MM club option for 2025 with a $6MM buyout.
Rizzo, 33, spent many years with the Cubs, a key part of the club’s core that broke the 108-year curse by winning the 2016 World Series. From 2014 to 2019, he was remarkably consistent and productive, hitting between 27 and 32 home runs in each of those six years. His wRC+ was always between 126 and 155, indicating he was between 26% and 55% above league average at the plate. His wins above replacement tally, according to FanGraphs, was between 3.2 and 5.3 in each of those campaigns.
The next two seasons saw Rizzo slide from those great heights somewhat, though he was still a strong performer. In the shortened 2020 campaign, he hit .222/.342/.414 for a wRC+ of 103. The next year, which included a midseason deal to the Yankees, came in at .248/.344/.440 and a wRC+ of 113.
Despite the slight downturn, he was still above-average at the plate and is generally considered a solid defender at first base. He was ineligible for a qualifying offer because of the midseason trade. He and the Yankees agreed to a deal that would keep him in the Bronx, with Rizzo earning $32MM over two years, though he could opt out of the final year and its $16MM salary.
Despite dealing with various ailments throughout 2022, he ended up having a nice bounceback campaign. His 32 home runs matched a career high and his .224/.338/.480 batting line amounted to a wRC+ of 132. Based on that strong showing, he triggered his opt-out and returned to free agency in search of a larger deal. It’s also been speculated that the upcoming ban on aggressive defensive shifts will help him, given that his left-handed bat and low speed make him particularly vulnerable to those. The Yankees extended a $19.65MM qualifying offer to him, which he could have accepted and locked in a slight raise over his expected salary. But it seemed he had other suitors, with the Astros being one club known to have interest in him.
3pm Central time today was the deadline for players to accept or reject qualifying offers, with Rizzo among the 12 who declined, though reports emerged shortly thereafter that he and the Yankees agreed to a longer pact. Rizzo will return to his post at first base and earn $17MM per year, so very close to the QO, but he’ll actually have an AAV slightly ahead of it thanks to the buyout. His $40MM guarantee over two years comes out just barely ahead of the two years and $36MM projected by MLBTR.
By getting Rizzo to put pen to paper, the Yanks have prevented a key bat from departing in free agency. Of course, Rizzo is only the second most important player in this camp, as all eyes are squarely focused on Aaron Judge and whether the Yanks can convince him to stay. With Rizzo’s contract on the books, the club’s 2023 payroll is now around $207MM in the estimation of Roster Resource. Last year, they opened the season at $246MM, per Cot’s Baseball Contracts, leaving them about $40MM in space before they’re caught up to that difference. Of course, if they are willing to increase their spending beyond last year’s levels, they should have even more to work with.
Ken Rosenthal of The Athletic first reported that Rizzo and the Yanks were reuniting on a multi-year deal. Andy Martino of SNY first relayed the two-year plus a club option framework. Jack Curry of YES Network was first on the dollars.
Image courtesy USA Today Sports.
Live news updates: Treasury yields jump to multi-year highs in Asia trading
Treasury yields rose to their highest levels in roughly a decade and a half on Friday in Asia in the wake of strong US employment data that analysts said would bolster the case for further interest rate rises by the Federal Reserve.
Yields on the 10-year US Treasury rose as much as 0.04 percentage points to 4.2663 per cent, climbing above 4.25 per cent for the first time since June 2008. Meanwhile, the 2-year US Treasury yield climbed as much as 0.02 percentage points to a fresh 15-year high of 4.6335 per cent.
US labour market data released on Thursday showed unemployment claims had fallen last week from 226,000 to 214,000, while economists polled by Reuters had expected a rise to 230,000.
Analysts said the robust job market reading would reinforce expectations that the Fed would continue with aggressive monetary policy tightening.
Economists at Citigroup led by Isfar Munir said that US jobless claims “remain anchored to low levels and are indicative of a tight labour market”, adding that if next Friday’s quarterly reading for the US employment cost index confirmed stronger wage inflation, it would “keep the Fed firmly grounded in its hawkish stance.”
Elsewhere in markets, the pound sterling was off 0.4 per cent at $1.1192 as traders grappled with the ramifications of Prime Minister Liz Truss’s resignation on Thursday.
Futures pointed to a 0.4 per cent loss for the FTSE 100 when trading begins in London, while the S&P 500 was tipped to shed 0.3 per cent later in the day.
Max Scherzer, Mets close to finalizing multi-year deal, per report
Free agent right-handed starter Max Scherzer is close to finalizing a deal with the New York Mets, reports Jon Morosi of MLB Network. Morosi says it’s a multi-year deal and multiple reports have the offer around $40 million per year. This comes just a few days after the Mets stocked up on the position-player side by landing center fielder Starling Marte and utility men Mark Cahna and Eduardo Escobar.
Scherzer, 37, would be joining his fifth team in 15 years in the majors if he lands in Queens. He came up with the Diamondbacks, was traded to the Tigers, signed as a free agent with the Nationals and was traded to the Dodgers last season. In his career, he’s 190-97 with a 3.16 ERA (134 ERA+), 1.08 WHIP and 3,020 strikeouts in 2,536 2/3 innings. The eight-time All-Star has won three Cy Youngs.
Last season, Scherzer finished third in NL Cy Young voting (his sixth top-three finish and eighth top-five finish) when he went 15-4 with a 2.46 ERA, 0.86 WHIP and 236 strikeouts against 36 walks in 179 1/3 innings. After the trade, the Dodgers went 11-0 in his starts while he had a 1.98 ERA. In the playoffs, he had a 2.16 ERA, though the Dodgers lost two of his four starts.
Even at his age, the most likely path for Scherzer in 2022 is once again to pitch like an ace.
That means that if the Mets pull this off and can get Jacob deGrom back to full health it’s at least possible they’ll have the two best pitchers in baseball in the same rotation. At the very least, they have a pair of aces atop the rotation.
Though the Mets lost Noah Syndergaard to the Angels via free agency, Marcus Stroman is a current free agent and owner Steve Cohen was peeved they didn’t land lefty Steven Matz in an attempted reunion, they still could have a full rotation without adding anyone else, should the Scherzer deal become finalized. Behind deGrom and Scherzer there would be Carlos Carrasco, Taijuan Walker, Tylor Megill and David Peterson. Lefty Joey Lucchesi had Tommy John surgery late last June and could provide depth late in the season, too.
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Oil prices extend gains to multi-year highs on tight supply
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, U.S., March 24, 2016. REUTERS/Nick Oxford
LONDON, Oct 25 (Reuters) – Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps.
Brent crude futures rose by 81 cents, or 1%, to $86.34 a barrel, following on from last Friday’s 1.1% gain. Earlier on Monday they touched $86.43, the highest price since October 2018.
U.S. West Texas Intermediate (WTI) crude futures rose 86 cents, or 1%, to $84.62 a barrel after gaining 1.5% on Friday. They hit their highest since October 2014 at $84.76 earlier on Monday.
Both benchmarks closed last week with slight gains despite rising numbers of coronavirus cases in the United Kingdom and Eastern Europe, signalling a potentially difficult winter ahead.
“It seems that continuous global stock drawdowns are still widely anticipated in coming months and only a dent in demand growth could change the underlying sentiment,” said Tamas Varga, oil analyst at London brokerage PVM Oil Associates.
Goldman Sachs said a strong rebound in global oil demand could push Brent crude prices above its year-end forecast of $90 a barrel. The bank estimated gas-to-oil switching could contribute at least 1 million barrels per day (bpd) to oil demand. read more
After more than a year of depressed fuel demand, gasoline and distillate consumption is back in line with five-year averages in the United States, the world’s largest fuel consumer. read more
Meanwhile, U.S. energy firms last week cut oil and natural gas rigs for the first time in seven weeks even as oil prices rose, energy services firm Baker Hughes Co (BKR.N) said on Friday. read more
Money managers raised their net long U.S. crude futures and options positions in the week to Oct. 19, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday, underlining strong market sentiment.
Oil prices have also been bolstered by worries over coal and gas shortages in China, India and Europe, which spurred fuel switching to diesel and fuel oil for power.
Reporting by Noah Browning
Additional reporting by Yuka Obayashi
Editing by David Goodman
Our Standards: The Thomson Reuters Trust Principles.
Brian O’Neill Multiyear Contract Extension
Viewed by many as Minnesota’s best offensive linemen, O’Neill is a leader of a group that features a pair of rookies plus a handful of other young players that will hopefully continue to develop.
“I mean, people might ask me a couple more questions here or there, but I really don’t think [my role] has [changed],” O’Neill said in mid-August. “I try to be the same guy every day this year as I have been the last couple years. Try to be myself, and hopefully that energy and attention to detail attracts guys and they want to come along.”
Others have noticed O’Neill blossoming into one of the league’s better right tackles over the past three seasons in Minnesota. During joint practices with Denver last month, Broncos star pass rusher Von Miller said O’Neill was one of the league’s “best right tackles.”
“I mean, that’s a Super Bowl MVP who’s probably going to be wearing a Gold Jacket,” O’Neill said, showing a mutual admiration. “It was pretty cool to get two days of work against him in that environment, being able to get that many reps in that many different situations.”
Analytics website Pro Football Focus gave O’Neill a grade of 78.0 in 2021, a mark that was the highest among Minnesota’s linemen. That number was also the 24th-best grade out of every tackle in the league, and an improvement on his grades from the previous two seasons.
In 2019, his 70.8 grade ranked 31st, while his rookie PFF grade was 63.0.
He said in late May that it was his hope that a multiyear extension could be figured out with the Vikings and his representation.
“I want to be here. I want to be here long-term, I love it here,” O’Neill said. “Nothing would make me happier than to be here long term.”
That deal is now done, with O’Neill now set to be a leader up front in Purple.
Oil prices jump to multiyear highs after OPEC+ talks yield no production deal
Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020.
Andrey Rudakov | Bloomberg | Getty Images
Oil jumped to its highest level in nearly three years on Monday after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.
West Texas Intermediate crude futures, the U.S. oil benchmark, advanced 1.56%, or $1.17, to $76.33 per barrel, its highest level since October 2018. International benchmark Brent crude rose 1.2%, or 93 cents, to $77.10 per barrel.
Discussions began last week between OPEC and its allies, known as OPEC+, as the energy alliance sought to establish output policy for the remainder of the year. The group on Friday voted on a proposal that would have returned 400,000 barrels per day to the market each month from August through December, resulting in an additional 2 million barrels per day by the end of the year. Members also proposed extending the output cuts through the end of 2022.
The United Arab Emirates rejected these proposals, however, and talks stretched from Thursday to Friday as the group tried to reach a consensus. Initially, discussions were set to resume on Monday but were ultimately called off.
“The date of the next meeting will be decided in due course,” OPEC Secretary General Mohammad Barkindo said in a statement.
OPEC+ took historic measures in April 2020 and removed nearly 10 million barrels per day of production in an effort to support prices as demand for petroleum-products plummeted. Since then, the group has been slowly returning barrels to the market, while meeting on a near monthly basis to discuss output policy.
“For us, it wasn’t a good deal,” UAE Minister of Energy and Infrastructure Suhail Al Mazrouei told CNBC on Sunday. He added that the country would support a short-term increase in supply, but wants better terms if the policy is to be extended through 2022.
Oil’s blistering rally this year — WTI has gained 57% during 2021 — meant that ahead of last week’s meeting many Wall Street analysts expected the group to boost production in an effort to curb the spike in prices.
“With no increase in production, the forthcoming growth in demand should see global energy markets tighten up at an even faster pace than anticipated,” analysts at TD Securities wrote in a note to clients.
“This impasse will lead to a temporary and significantly larger-than-anticipated deficit, which should fuel even higher prices for the time being. The summer breakout in oil prices is set to gather steam at a fast clip,” the firm added.
— CNBC’s Sam Meredith contributed reporting.
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