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Padres star Tatis sues Big League Advance in attempt to get out of future earnings deal

Padres star Tatis sues Big League Advance in attempt to get out of future earnings deal

Washington Post3 hours ago

SAN DIEGO — San Diego Padres star Fernando Tatis Jr. filed a lawsuit Monday against Big League Advance in an attempt to void the future earnings contract he signed as a 17-year-old minor leaguer that could cost him about $34 million.
The lawsuit, filed in San Diego County Superior Court, accuses BLA of using predatory tactics to lure him into an 'investment deal' that was actually an illegal loan. BLA misrepresented itself to Tatis, hiding its unlicensed status and pushing him into loan terms banned by California's consumer protection laws, the suit alleges.

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Eight people hit in two shootings in Baltimore
Eight people hit in two shootings in Baltimore

Washington Post

time37 minutes ago

  • Washington Post

Eight people hit in two shootings in Baltimore

Eight people, including two young teenagers, were wounded Monday evening in two separate quadruple shootings in Baltimore, city officials said. A 19-year-old man was in critical condition after the second of the shootings, but the other seven victims in the two attacks appeared to be in non-life-threatening condition, said Baltimore Police Commissioner Richard Worley. The 19-year-old was one of four people shot around 9:40 p.m. in the 2500 block of Edmondson Avenue, officials said. The other three shot there were all older, and one was 66. The first of the two shootings occurred shortly before 7 p.m. about a mile and a half to the south in the 1900 block of Ramsay Street, police said. Two teenagers, both 14, were wounded in that shooting. The two other victims were a man and a woman; the woman was grazed. No motive was given in either shooting, and no arrests were reported. The question was raised at a news conference whether the shootings might have been associated with Monday's extreme heat. 'When it gets warm,' Baltimore Mayor Brandon Scott responded, officials in Baltimore and elsewhere 'see things pick up.' But he said the city had nevertheless cut down on crime last year even in the hot weather season. At least in part, he ascribed the shootings to the presence and availability of guns, which are used 'to resolve whatever conflicts' may exist. The first shooting, on Ramsay Street, which occurred well before dark, was heard by police assigned to the area because of recent crime there, Worley said. In that shooting, police said, at least two people emerged from a vehicle and opened fire in the direction of the four victims, who were in or near an alley, police said. Police said it was too early to determine whether the two attacks were connected. Scott called on residents of the communities involved to aid the police investigation, asking them to treat the shootings as if one of their relatives had been a victim. 'Somebody out there knows what happened,' he said.

Stunning Tommy Fleetwood stat makes Travelers loss even worse
Stunning Tommy Fleetwood stat makes Travelers loss even worse

Yahoo

timean hour ago

  • Yahoo

Stunning Tommy Fleetwood stat makes Travelers loss even worse

The post Stunning Tommy Fleetwood stat makes Travelers loss even worse appeared first on ClutchPoints. Tommy Fleetwood stepped onto the 18th tee at the Travelers Championship with a one-shot lead over Keegan Bradley. With no wins in his 158 PGA Tour starts entering the week, it looked like the Englishman was going to get the monkey off his back. But a phenomenal shot from Bradley and a brutal three-putt from Fleetwood changed everything. After his Travelers loss, Fleetwood made some brutal history. Advertisement 'Tommy Fleetwood: 42nd top-10 finish on PGA Tour; most by any player without a win last 40 years,' Justin Ray of the TwentyFirst Group posted on social media. Fleetwood changed his club before hitting his approach on the 18th hole. That classic sign of overthinking was all Bradley needed to see to pounce on his competitor. The Ryder Cup captain stuck his approach to less than six feet and put all of the pressure on Fleetwood. His first putt was just outside of Bradley's approach, giving his competitor a perfect read. When Fleetwood missed the second putt, Bradley kicked the door down. From a three-shot lead to losing in regulation, it was over for Fleetwood. In his long PGA Tour career, Fleetwood has lost in playoffs, blown leads early in rounds, and now suffered from a brutal 72nd hole collapse. When speaking with the media afterward, he explained his feelings after the loss. 'I'm upset now, I'm angry,' Fleetwood said, per the PGA Tour's social media page. 'When it calms down, look at the things I did well and look at the things I can learn from…[I] felt like I did a lot of good things, but there are things I can definitely do better and have to do better.' Advertisement Just last week, Fleetwood missed the cut at the US Open. While this is a marked improvement from that tough result, he does not get that elusive win on American soil. Bradley, meanwhile, picks up his second Travelers win in three years. Related: PGA Tour news: 'Angry' Tommy Fleetwood breaks silence on painful Travelers Championship loss Related: Keegan Bradley stuns Tommy Fleetwood to capture second Travelers win

U.S. Oil Producers Rushed to Hedge… Just in Time
U.S. Oil Producers Rushed to Hedge… Just in Time

Yahoo

timean hour ago

  • Yahoo

U.S. Oil Producers Rushed to Hedge… Just in Time

U.S. oil producers flocked to hedge higher prices for their output for the rest of the year and early into 2026 as international crude oil prices surged earlier this month. Early on June 13 local time, Israel attacked Iranian nuclear facilities and military leadership in coordinated strikes that sent oil prices surging amid concerns that an escalating conflict could disrupt oil flows from the Middle East. On the night of June 12 and the following morning, Texas-based Aegis Hedging Solutions – a company with a platform for oil producers' hedging – registered its highest-ever number of hedge trades, Aegis Hedging's president Matt Marshall told Bloomberg. U.S. shale producers, who were under-hedged going into this spring, saw a major opportunity to lock in higher prices for the next few months as WTI crude prices surged out of the high $50s - low $60s per barrel price range and hit the $75 mark last week. Oil prices had lingered into the low $60s for the three months between early April and early June, as the U.S. tariff blitz and the OPEC+ production hikes weighed on market sentiment with fears of of March, a survey by Standard Chartered of 40 independent U.S. oil and gas companies revealed they had little protection, with a 2025 oil hedge ratio of just 21% for their combined 5.03 million barrels per day (bpd) of production and a 2026 hedge ratio of just 4%. To compare, the U.S. shale industry entered 2020 with an oil hedge ratio of 51.7%, which provided significant support when oil prices collapsed during the pandemic. As of the end of 2024, independent North American oil and gas producers had more than 80% of their first-half 2025 oil production unhedged, leaving them exposed as OPEC+ supply hikes and concerns about a global recession weighed on the market, data from Evaluate Energy showed in April. Hedging activity, however, spiked on June 12-13 to a record high on the Aegis Hedging platform as producers rushed to lock in higher prices in the short term amid the geopolitics-driven jump in WTI prices. Such war premium-related spikes in oil prices tend to lift the front of the futures curve more than contracts further out in time, unlike in price jumps related to fundamentals. In the case with the Middle East conflict, the hedging strategy was geared more toward the short term, Aegis Hedging says. 'In this case it was probably a six-month effect,' Aegis Hedging's Marshall told Reuters. 'Producers recognized that this could be a fleeting issue and so they saw a price that was above their budget for the first time in a few months, and instead of doing a structure that would give them a floor which is below market, they opted to be aggressive and lock in,' Marshall added. U.S. oil and gas executives polled in the Dallas Fed Energy Survey in Q1 indicated that their companies need an average $65 per barrel to profitably drill a new well. Oil companies that hedged production probably did so just in time. The tentative ceasefire between Iran and Israel, which was announced by U.S. President Donald Trump as "complete and total," has deflated the geopolitical risk premium and brought WTI oil back to $65 per barrel, roughly the level where it traded at before the Israeli strike on Iran. By Tsvetana Paraskova for More Top Reads From this article on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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