Author: Daniel snow

Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week.Anadolu | Anadolu | Getty ImagesEight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two OPEC+ delegates told CNBC, continuing a rapid unwinding of voluntary production cuts.Markets are awaiting a final decision on July production, with the eight countries — heavyweight producers Russia and Saudi Arabia, alongside Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates — set to review market…

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MLB to make a strategic investment in Athletes Unlimited Softball LeagueAthletes UnlimitedMajor League Baseball will make a strategic investment in the newly launched Athletes Unlimited Softball League, the league announced Thursday.The deal marks MLB’s first comprehensive partnership with a women’s pro sports league and comes as women’s sports see rapid growth in everything from television viewership to team valuations.Terms of the deal were not provided.As part of the agreement, MLB will help raise the visibility of the AUSL and its athletes through its sales, marketing, broadcast and social media platforms. The baseball league will also make a significant financial investment…

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Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty ImagesBest Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells.For its fiscal 2026, the retailer said it now expects $41.1 billion to $41.9 billion of revenue, down from its previous range of $41.4 billion to $42.2 billion. It said it expects adjusted earnings per share to range from $6.15 to $6.30, which compares to prior guidance of…

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