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Scottie, Rory, Bryson, Oakmont and more U.S. Open storylines
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Scottie, Rory, Bryson, Oakmont and more U.S. Open storylines

by admin June 12, 2025


  • Mark Schlabach

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    Mark Schlabach

    ESPN Senior Writer

    • Senior college football writer
    • Author of seven books on college football
    • Graduate of the University of Georgia
  • Paolo Uggetti

Jun 11, 2025, 07:12 AM ET

In the nine previous U.S. Opens at Oakmont, only 23 players finished under par. Three of the past champions here had scores over par, and the lowest 72-hole scoring total for a winner at Oakmont was 5 under.

Thanks to ankle-high rough and lightning-fast greens, the most difficult test in golf is even more treacherous on a course with no water hazards and few trees.

“It’s going to be a challenge,” said LIV Golf League captain Jon Rahm, the 2021 U.S. Open winner. “A lot of unfortunate things are going to happen. It’s hard fairways to hit, bad lies, difficult bunkers, difficult greens. It’s going to be a nice test, a difficult test. And I think one of the truest representations of what a U.S. Open is all about.”

Will Scottie Scheffler’s dominance continue as he looks to grab the third leg of the career Grand Slam? Can Masters champion Rory McIlroy fix his problems off the tee, which plagued him in his past two starts? Who are the dark horses who might be poised to lift the U.S. Open trophy Sunday?

World No. 1 golfer Scottie Scheffler has won in three of his past four starts, including his third major at the PGA Championship. Is he the golfer to beat again?

Mark Schlabach: About the only way I don’t see Scheffler contending this week is if he’s wild off the tee, and that didn’t happen in his last victory, at the Memorial. He seems to have figured out whatever was bothering him with his driver in the final round of last month’s PGA Championship at Quail Hollow Club. And, yes, the guy is so good that it might have been a simple case of him aiming the wrong direction.

The world No. 1 golfer has won three times in his past four starts, including that third career major title. He has gained an average of 14 strokes on the field over his past five starts, and that’s going to be nearly impossible to beat if it happens again. He leads the tour in nearly every strokes-gained metric when it comes to ballstriking and driving the ball. He’s ranked in the top 25 in putting. Yeah, good luck.

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Paolo Uggetti: Is the sky blue? Yeah, Scheffler is definitely the player the entire golf world is chasing, and with good reason. Scheffler looks unbeatable. While I do think that this course and setup will require his A-game — he probably won at Quail Hollow with his B-game at best — Scheffler has been trending back to his elite 2024 form the last few months.

I agree with Mark that a shaky driver would eject Scheffler from contention this week, but I’m also curious to see how Scheffler’s putting fares on Oakmont’s vexing green complexes. Scheffler has seemingly fixed that weakness, or at least vastly improved it (he’s a top-20 putter in the world this season), but if he has a hard time seeing putts go in early, I could see him getting frustrated with that and letting it slowly seep into the rest of his game. At Pinehurst last year, the course’s native areas near the fairways appeared to give Scheffler some trouble with their unpredictability. If you squint and try to find a reason Scheffler won’t be able to excel this week, the greens might be the answer.

What’s going on with Rory McIlroy, and do you think he can find his game at Oakmont?

Rory McIlroy has won the U.S. Open once, in 2011 at Congressional Country Club. Andy Lyons/Getty Images

Schlabach: Obviously, McIlroy hasn’t been comfortable on tee since the driver he used to win the Masters was deemed nonconforming in testing at the PGA Championship. He wasn’t a factor at Quail Hollow, where he had won four times, and couldn’t get his drives in the short grass.

McIlroy used a different version of the new TaylorMade Qi35 driver at last week’s RBC Canadian Open — and his results were worse. He used a shorter shaft (44 inches) in an attempt to have greater control of the ball, but he hit only 42% of the fairways. He found only four in the second round, when he posted an 8-over 78. That’s a recipe for disaster at Oakmont.

He’s using a different TaylorMade driver this week, and he feels that he’s in a better place.

While McIlroy will eventually figure things out on the tee, I’m more concerned about his mindset and motivation after he completed the career Grand Slam at the Masters. He has talked openly about how it’s more difficult to go to the practice range and grind for three or four hours. He has talked about how no matter how many more times he wins on the PGA Tour, none of them will match his victory at Augusta National Golf Club.

“You dream about the final putt going in at the Masters, but you don’t think about what comes next,” McIlroy said Tuesday. “I think I’ve always been a player that struggles to play after a big event, after I win whatever tournament. I always struggle to show up with motivation the next week because you’ve just accomplished something and you want to enjoy it and you want to sort of relish the fact that you’ve achieved a goal.

“I think chasing a certain goal for the better part of a decade and a half, I think I’m allowed a little bit of time to relax a little bit. But here at Oakmont, I certainly can’t relax this week.”

I think it’s going to be a few more weeks, at least, before we see Rory return with his A-game.

Uggetti: It sums golf up, doesn’t it? One second, McIlroy is on top of the world, having won three tournaments this season, including the Masters to complete the Grand Slam, and the general theory is that he’s now freed up and might just keep playing at a high level the rest of the year. Not so fast.

The fickle nature of the sport comes for even the best. Maybe it’s a swing feel, a putting stroke, or in the case of McIlroy, a new driver, but even a small detail gone awry can derail a proper run of good golf, and it appears that McIlroy is going through that right now.

On Tuesday, McIlroy played 18 holes early and he appeared to go back to the model and specs of the driver he used at the Masters, which is not the newest TaylorMade driver. Maybe that will spark a return of sorts to the kind of golf he played at Augusta. But if he found a way to win without hitting most fairways there, at Oakmont he will not be afforded the same leeway.

What do you expect from defending champ Bryson DeChambeau this week?

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1:26

Bryson DeChambeau: Grateful for the year since U.S. Open win

Bryson DeChambeau joins “SportsCenter” to reflect on the year that has passed since his U.S. Open victory and what’s ahead in his golf journey.

Schlabach: I expect him to be right back in the mix. Not to sound like a broken record, but DeChambeau will also have to do a better job of keeping his drives between the lines than he did a year ago.

At Pinehurst No. 2 in North Carolina last year, DeChambeau found only about half the fairways (57%) off the tee. He can’t do that again at Oakmont. He made up for his inaccuracy by hitting greens and putting brilliantly to win his second U.S. Open, and DeChambeau’s putter is one of the reasons I like him to be in contention this week.

For as long as DeChambeau is off the tee, he is one of the better putters around, which will be a bonus on Oakmont’s diabolical greens.

2025 U.S. Open betting favorites

Uggetti: DeChambeau has not so quietly been the most consistent major championship player not named Scottie Scheffler over the past two years. In his past nine major starts, he has six finishes inside the top six, including two runners-up and a win. I would be shocked if he doesn’t contend at Oakmont, which presents the kind of canvas that suits his game.

That being said, I’ll be fascinated to see where DeChambeau’s approach game is after that part of his game was arguably what held him back at Augusta and Quail Hollow. During the Masters, DeChambeau hit 60% of his greens during the week, and at the PGA, he lost nearly half a stroke to the field on his approach game.

Sure, Oakmont’s length and rough favors a long hitter like DeChambeau, but if his approach game hasn’t improved (he has new LA Golf irons in the bag this week), it could be another near miss for the defending champion.

How will Oakmont play this week?

Oakmont Country Club is hosting the U.S. Open for the 10th time. AP Photo/Gene J. Puskar

Schlabach: I’d be disappointed if it’s anything less than carnage. Each of the past six U.S. Open winners had a score of 6 under or better, and they were a combined 47 under par. That’s not supposed to be how the U.S. Open works.

“I don’t think people turn the TV on to watch some of the guys just hit, like, a 200-yard shot on the green, you know what I mean?” said two-time major champion Xander Schauffele. “I think they turn on the U.S. Open to see a guy shooting 8 over and suffer. That’s part of the enjoyment of playing in the U.S. Open for viewers.”

I walked the course with Scheffler and Gary Woodland on Monday. The USGA says the rough is going to be 5 inches, and it’s juicy and thick. It was pretty wet Monday and Tuesday, but clear skies are forecast through Friday, so the hot weather should dry things out considerably.

I saw the grounds crew mowing the rough on No. 18 earlier in the week. Or at least I thought they were cutting it with push mowers. I’m pretty sure they were only fluffing it up and drying it out.

“I just think it requires patience and discipline,” Justin Thomas said. “If you just get lazy, like on any drive, any wedge shot, any chip, any putt, you can kind of look stupid pretty fast, especially at a place like this.”

If weather forecasts are correct, the greens are going to firm up and get slick, much faster than any greens the golfers have seen this season, outside of Augusta National.

“Anything close to par is what they want here,” Schauffele said of the potential winning score. “The members absolutely love their property, and the members absolutely want it to be over par. I know what they’re rooting for.”

Uggetti: I’m going to pivot the other way on this. I do think Oakmont will be difficult — all you have to do is take a walk around the gigantic property and look down at the luscious grass to know the winner will have golfed his ball all week. And yet I think we often forget both how good these guys really are and also how good the technology they’re playing with is, even compared with what players used in 2016.

The modern game and the modern driver combined with a hyper-emphasis on skill, speed and strength from an earlier age have produced players such as DeChambeau, McIlroy and several of the amateurs who are in the field this year who can drive it a mile. Oakmont is far more nuanced than a simple bomb-and-gouge test, and its intricacies will sift out those who don’t belong. But the game is too deep and too good now, and the USGA far too evolved as a governing body, to expect any kind of over-par finish.

Oakmont will play hard, but it will not be impossible. Not for these guys.

Give us one dark horse to contend/win this week?

Schlabach: Harris English is coming off his best finish at a major, and he is probably a bargain at 100-1 odds. He finished in the top 12 in each of his past four big events, tying for 12th at the Masters, 10th at the Truist Championship, second at the PGA Championship and 12th at the Memorial. He has a nice track record in the U.S. Open, with three top-eight finishes in his past five starts. He will keep it in the fairway, will hit enough greens and is one of the best putters out there.

Uggetti: Does Keegan Bradley fit the bill? He is currently 90-1 odds to win this week, but it wouldn’t completely shock me to see him near the top of the leaderboard come the weekend. The U.S. Ryder Cup captain is a top-15 course fit, according to Data Golf, and it’s mostly due to how accurate he is off the tee. This season he’s top-20 in the world in strokes gained off the tee while also being top-15 in strokes gained: approach. Seems like a pretty decent recipe to make some noise at Oakmont this week and really ramp up the discussion of whether Bradley should be a playing captain at Bethpage.



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Strong Uptake at 10-Year U.S. Debt Sale Counters Demand Concerns, 30-Year Sale May Provide More Evidence

by admin June 12, 2025



Wednesday’s auction of 10-year U.S. Treasury notes undermined the narrative that investors are moving away from U.S. government debt, the bedrock of global finance, and pouring money instead into bitcoin

and gold.

Thursday’s sale of $22 billion of 30-year bonds may provide further clues to investor confidence in the fiscal policies of U.S. President Donald Trump since he initiated the global trade war in early April and help signal whether the notes are losing their shine as the premier fixed-income instrument backed by the deepest liquidity and low credit risk.

At the June 11 auction, demand for the $39 billion of 10-year notes, which offered a yield of 4.421%, outstripped supply by more than 2.5 times, according to Exante Data, and the primary dealer takedown was reportedly just 9%, the fourth-lowest on record. That’s a sign investors did most of the heavy buying. Primary dealers are the institutions authorized by the central bank to trade government bonds, and the takedown refers to the amount of newly issued debt they absorb themselves.

Worsening debt situation

As of June, the U.S. total gross national debt is over $36 trillion, more than 120% of the country’s gross domestic product (GDP).

The deficit, or the excess of government expenditure over revenue, was $1.8 trillion in 2024. The figure is expected to increase by $2.4 trillion in the coming years due to Trump’s tax cut plans. As of now, the U.S. pays $1 trillion as the cost of servicing the debt.

The new issuance, therefore, is more likely to exacerbate the problem and has several analysts pointing to bitcoin and gold as a hedge against the fiscal crisis.



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Ripple’s Brad Garlinghouse Says CRCL IPO Signals U.S. Stablecoin Regulation Ahead

by admin June 11, 2025



SINGAPORE – Brad Garlinghouse, CEO of crypto company Ripple Labs, stated at the XRP Ledger Apex, the Ripple (XRP) community conference in Singapore, that he remains bullish on stablecoins – a sentiment he said is reinforced by the recent blockbuster Circle initial public offering (IPO).

“Circle IPO’s clearly went very well. That’s a reflection of investor interest in crypto, both institutions and retail. The financial future will be blockchain-based,” Garlinghouse said at Apex.

Garlinghouse said that one factor in the success of Circle’s IPO is the market’s fundamental belief that the GENIUS Act – the U.S. stablecoin legislation – will pass.

As CoinDesk previously reported, the GENIUS Act, a stablecoin regulatory bill, is poised for imminent Senate passage with bipartisan support, potentially moving to the House and becoming law by August recess.

“Regulatory headwinds have now become tailwinds in the U.S., and that’s good for the global landscape,” Garlinghouse continued. “It’s not deregulation that we want, and we are asking for clear regulation, and progress is evident.”

Other jurisdictions have also recently passed stablecoin legislation, such as Hong Kong. Korea’s new administration is also said to be working on a stablecoin bill.

Garlinghouse declined to comment on a potential Ripple-Circle merger or acquisition.

Apex continues in Singapore through Wednesday.



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Feds Charge Crypto Founder With Evading U.S. Sanctions, Laundering $500M

by admin June 10, 2025



In brief

  • U.S. authorities have charged Russian citizen Iurii Gugnin with multiple counts of bank fraud and sanctions evasion.
  • Gugunin is accused of using his NY-based crypto firms as a “covert pipeline” for Sberbank, VTB Bank, and Russia’s nuclear company Rosatom.
  • He faces up to 30 years per bank fraud count as part of broader U.S. crackdowns on Russian crypto sanctions evasion.

Federal prosecutors have charged a New York-based crypto company founder with laundering more than $500 million through the U.S. financial system while helping sanctioned Russian banks circumvent international restrictions.

Iurii Gugnin, 38, a Russian citizen and founder of crypto payment companies Evita Investments Inc. and Evita Pay Inc., was arrested Monday on a 22-count indictment alleging he turned his businesses into what prosecutors called “a covert pipeline for dirty money.”

Gugnin facilitated transactions with sanctioned Russian banks including Sberbank, VTB Bank, and Tinkoff Bank between June 2023 and January 2025, according to the Justice Department’s press release.

His operations allegedly helped Russian customers acquire sensitive U.S. technology and nuclear materials while evading international sanctions.

The defendant faces severe penalties, with each bank fraud count carrying a maximum 30-year prison sentence and additional charges punishable by up to 20 years imprisonment.

“How to know if there is an investigation against you”

The case points to mounting concerns among national security officials about how crypto infrastructure is being weaponized to undermine sanctions designed to cripple Russia’s war economy in Ukraine.

Gugnin is accused of moving approximately $530 million through U.S. banks and crypto exchanges, primarily using the stablecoin Tether (USDT).

The indictment claims he repeatedly deceived financial institutions, falsely asserting that Evita “did not conduct business with entities in Russia and did not deal with sanctioned entities.”

However, prosecutors say he maintained personal accounts at sanctioned Russian banks JSC Alfa-Bank and Sberbank while residing in the United States.

The scheme reportedly involved foreign customers sending Gugnin crypto, which he then laundered through wallets and U.S. bank accounts, converting to dollars and making payments via Manhattan banks on their behalf.

Prosecutors say Gugnin facilitated payments for export-controlled U.S. tech servers and laundered funds for Rosatom, Russia’s state nuclear company, allegedly “whiting out” Russian customer details on invoices to conceal the activities.

Court documents reveal he conducted internet searches for terms including, “how to know if there is an investigation against you,” “money laundering penalties US,” and “penalties for sanctions violations EU luxury goods,” the press release said.

Crypto and sanctions

The Gugnin case represents the latest in an sweeping series of U.S. actions targeting Russian cryptocurrency operations that processed billions in illicit transactions.

“Since the 2022 invasion of Ukraine, the international community has deployed a broad range of financial sanctions against Russia, severely limiting its access to the traditional financial system,” Chengyi Ong, Head of APAC Policy at Chainalysis, told Decrypt. “As an alternative payment channel, cryptocurrency has been used—and will likely continue to serve—as a tool to sidestep sanctions.”

Sanctioned jurisdictions received $15.8 billion in crypto in 2024, accounting for about 39% of all illicit crypto transactions globally, according to a February report by blockchain analytics firm Chainalysis.

Ong noted that Russia’s 2023 legalization of crypto for international payments reflected this shift, though traditional evasion tactics like shell companies remain common.

And for her, blockchain’s inherent transparency provides a crucial advantage in combating such schemes.

“Improved compliance programs supported by blockchain analysis have contributed to a measurable decline in exchange interactions with sanctioned entities, demonstrating the effectiveness of data-driven de-risking strategies,” Ong said.

Recent enforcement actions have shut down multiple Russian-linked crypto platforms, including 47 Russian-language no-KYC exchanges seized by German police in “Operation Final Exchange” and Russia-based Cryptex, which processed over $5.88 billion since 2018.

In March, international agencies seized the sanctioned Russian exchange Garantex, which had handled over $100 billion in transactions and accounted for 82% of all crypto volumes associated with sanctioned entities at its peak, according to Chainalysis data.

Blockchain intelligence firm TRM Labs recently concluded that newly-launched exchange Grinex is likely a rebrand of Garantex, with the new platform onboarding former Garantex users and redistributing their assets through ruble-pegged stablecoin A7A5.

“The broader issue here is that rebranding has become a familiar tactic for sanctioned crypto entities,” Andrew Fierman, Head of National Security Intelligence at Chainalysis, then told Decrypt.

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What Ending the U.S. Ban on Supersonic Flight Means for the Future of Travel
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What Ending the U.S. Ban on Supersonic Flight Means for the Future of Travel

by admin June 10, 2025


It’s been 22 years since the last flight of the Concorde, a now-retired supersonic airliner that flew at a maximum speed of 1,345 miles per hour (2,179 kilometers per hour). At those speeds, you could fly from London to New York City in around three hours. A long-held U.S. ban on supersonic flight over land limited Concorde’s routes and continues to restrict commercial aircraft from flying faster than sound over land. Today, those super speedy—and super loud—flights could be making a comeback.

President Donald Trump signed an executive order on Friday to reverse the 1973 ban on civilian supersonic flights, instructing the Federal Aviation Administration (FAA) to establish a standard for supersonic aircraft noise certification. The decision would make way for faster routes, if companies can figure out ways to make their aircraft quieter and more affordable.

When planes fly faster than the speed of sound, Mach 1, or about 767 miles per hour (1,234 kilometers per hour), they create a loud, explosive noise due to the shock waves created by the extreme speeds. It sounds like loud thunder and it would startle people living in cities where supersonic jets fly overhead. As a result, the FAA prohibited supersonic flights of non-military aircraft over land, enacting the measure on April 27, 1973. At the time, aerospace technology wasn’t advanced enough to resolve the noise issue; since then, however, research has shown ways to soften the sounds of supersonic flights.

Boom, a Colorado-based company, is working on a supersonic airliner, named Boom Overture. Its current prototype, XB-1, is designed to fly at Mach 1.7 while carrying 64 to 80 passengers on board. As the leading U.S. company in the market today, Boom naturally welcomed the decision. In late January, Boom Supersonic flew its experimental aircraft faster than sound for the first time. Boom has seen interest from carriers like American Airlines and United Airlines.

Before we get ahead of ourselves, the administration’s reversal of the ban came with a set of rules. Trump’s executive order directed the FAA to revoke the supersonic speed limit as long as aircraft do not produce an audible sonic boom on the ground. “The Order instructs the FAA Administrator to establish a standard for supersonic aircraft noise certification that considers community acceptability, economic reasonableness, and technological feasibility,” according to The White House. It also claims that recent developments in aerospace engineering “make supersonic flight not just possible, but safe, sustainable, and commercially viable.”

NASA is working on its own solution to soften the impact of sonic booms. Earlier this year, the agency fired up the engine of its X-59 research aircraft, which is designed to fly faster than sound but with drastically reduced noise. “People below would hear sonic ‘thumps’ rather than booms, if they hear anything at all,” NASA wrote in a statement. The plane is designed to reduce the pressure change that flows over the ground, thereby reducing the sound. The X-59’s engine is mounted on top of the aircraft, which reduces the amount of noise from the plane that reaches the ground.

Aside from the noise, commercial supersonic flight has also been criticized for its negative impact on the environment. Supersonic aircraft consume more fuel. Concorde burned through 22 tons of fuel per hour—twice as much as a Boeing 747, which can carry four times as many passengers, according to Transport & Environment.

To help address the negative environmental impact, Boom says its planes will operate on sustainable alternative fuels. That may not fully resolve the issue, as faster planes need to fly at higher altitudes, where the air is thinner and there’s less drag and heat generation. At those higher altitudes in Earth’s stratosphere, the emissions from the plane would linger up to 20 times longer, according to Aerospace America. NASA says it’s working to find solutions for those challenges as well.

Supersonic flights are also expensive, with pricey operation costs and premium services at extremely high fares. Concorde, for example, was not considered profitable as the cost of fuel far exceeded the profit made per flight. Airlines hoping to get in on the supersonic action need to figure out a sustainable model to offer customers for a quicker flight.

Lifting the ban may have been the first step, but there’s still a long way to go before faster routes take off in the skies.



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U.S. SEC Chair Says Working on ‘Innovation Exemption’ for DeFi Platforms

by admin June 10, 2025



The U.S. Securities and Exchange Commission is working on policy to exempt decentralized finance (DeFi) platforms from regulatory barriers, said Chairman Paul Atkins.

Software developers building DeFi tools have no business being blamed for how they’re used, Atkins and other SEC Republicans contended at the final of five crypto roundtables that have been held at the agency since the leadership turnover under President Donald Trump.

The chairman told a roundtable of DeFi experts on Monday that he’s directed the SEC staff to look into changes to agency rules “to provide needed accommodation for issuers and intermediaries to seek to administer on-chain financial systems.” Atkins called that potential exemptive relief “an innovation exemption” that would let entities under SEC jurisdiction bring on-chain products and services to market “expeditiously.”

“Many entrepreneurs are developing software applications that are designed to function without administration by any operator,” Atkins said in remarks at the event. While he noted the technology enabling private peer-to-peer transactions can “sound like science fiction,” he said “blockchain technology makes possible an entirely new class of software that can perform these functions without an intermediary.”

“We should not automatically fear the future,” Atkins said.

DeFi is a subsection of the broader cryptocurrency industry that seeks to recreate financial tools and products with code that replaces the role of traditional intermediaries such as banks and brokerages.

The Republican members of the commission — currently outnumbering the Democrat 3-1 — have been eager to move forward with crypto-friendly policy. While DeFi is often given short shrift in policy discussions that focus more on regulation of the higher-volume industry of crypto exchanges, brokers and custodial services. Though DeFi developers have faced years of distrust from U.S. government agencies, Republicans now in power are seeking to lighten those pressures.

“The SEC must not infringe on First Amendment rights by regulating someone who merely published code on the basis that others use that code to carry out activity that the SEC has traditionally regulated,” said Commissioner Hester Peirce, who has led the SEC Crypto Task Force established this year. However, she also noted that “centralized entities can’t avoid regulation simply by rolling out the decentralized label.”

Erik Voorhees, the founder of decentralized exchange ShapeShift, joked that when he got his first SEC subpoena 12 years ago, he didn’t think he’d be invited to speak at the agency years later.

“I appreciate the change of tone and the change of stance for the commission,” he said. “I think that’s absolutely a positive for America.”

Read More: U.S. SEC’s Crypto Trading Roundtable Delves Into Easing Path for Platforms



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Dow Jones flat as U.S.

by admin June 9, 2025



U.S. stocks were little changed as Wall Street monitored renewed trade discussions between American and Chinese officials. 

Hopes of easing tensions and rolling back tariffs weren’t enough to lift major indexes. The Dow Jones Industrial Average closed lower by a single point while the S&P 500 and Nasdaq indices gained 5.52 points and 61.28 points, respecitvely.

High-level U.S.-China trade talks took place in London, featuring Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. 

US-China talks progress 

National Economic Council Director Kevin Hassett told CNBC the U.S. is seeking firm commitments from China on critical mineral exports, with expectations that rare earth shipments would resume if talks progress.

Semiconductor stocks responded strongly. Qualcomm surged over 4% after announcing a $2.4 billion acquisition of chipmaker Alphawave. Advanced Micro Devices and Texas Instruments each rose more than 4%, and Nvidia also ticked higher. 

Chinese tech giant Alibaba gained 2%, reflecting optimism about improved bilateral relations.

“Investors are taking bullish trades today on China large caps and U.S. semiconductor stocks, which are both beneficiaries of U.S./China trade talks,” said Larry Tentarelli of Blue Chip Daily Trend Report.

Apple shares bucked the trend, falling 1.5% during its 2025 Worldwide Developers Conference, where it unveiled its first major iPhone OS redesign since 2013.

Markets also await key inflation data later this week. The consumer price index is due Wednesday, followed by the producer price index on Thursday. 

Analysts expect these figures to offer insight into how tariffs are affecting prices.

Monday’s gains follow a second consecutive weekly advance for all three major indexes, signaling growing investor confidence in a more stable global trade environment.



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U.S. Open 2025: Ranking favorites, contenders, hopefuls
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U.S. Open 2025: Ranking favorites, contenders, hopefuls

by admin June 9, 2025


  • Mark SchlabachJun 9, 2025, 10:08 AM ET

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    • Senior college football writer
    • Author of seven books on college football
    • Graduate of the University of Georgia

OAKMONT, Pa. — Could the toughest test in men’s professional golf get even more difficult at Oakmont Country Club, the site of this week’s 125th U.S. Open?

Early scouting reports of the revamped course outside Pittsburgh from tour pros the past few weeks have included descriptions like “carnage,” “cooked beyond belief” and the “hardest course in the world.”

Grab the popcorn and get ready to see who can survive the ankle-high rough, tightened fairways, famous Church Pews bunker and lightning-fast (and firm) greens that will leave many golfers feeling like they’re putting downhill at an ice rink.

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“I’ve heard from several players, it’s the hardest course they’ve ever played,” Xander Schauffele said. “That’s kind of [what] most people have talked about. Not much detail on why. Just it’s long and the rough is impossible, and you can end up hitting 50-yard pitches trying to get up and down for par on every hole, something of that nature.”

It’s the 10th time Oakmont is hosting the U.S. Open, and there’s a reason the United States Golf Association keeps going back — to give golfers their most difficult test of the season.

“I would say all of the rumors and everything are pretty on point,” added Justin Thomas, who played a practice round at Oakmont two weeks ago.

Here’s a look at the field, including the contenders, sleepers, qualifiers and amateurs:

Jump to a section:
The clear favorite | Guys who can win | If everything goes right
Miracles happen | Happy to make the cut | Qualifiers | Amateurs

It’s Scottie Scheffler’s world once again in men’s professional golf, and everyone else just seems to be witnessing what he’ll do next. After capturing last month’s PGA Championship to go with his two Masters victories, Scheffler can complete three-fourths of the career Grand Slam with a victory on Sunday.

Tier I: The clear favorite

Scottie Scheffler has won three of the past four tournaments he has played in, most recently claiming the Memorial Tournament. Michael Reaves/Getty Images

Scottie Scheffler

Yeah, forget about Scheffler being off to a slow start. The world No. 1 golfer heads to Oakmont Country Club on another epic heater, having won in three of his past four starts (by a whopping 17 strokes combined!), including his 16th PGA Tour victory at the Memorial Tournament. He’s turning into Mariano Rivera during the second nine on Sunday, converting each of his past seven 54-hole leads.

He has fond memories of Oakmont; he carded a 1-under 69 in his first round in a major in the 2016 U.S. Open at Oakmont as a 19-year-old sophomore at the University of Texas. He missed the cut by one stroke after posting an 8-over 78 in the second round. If he’s accurate off the tee, he’ll be difficult to beat.

Tier II: The guys who can win

Bryson DeChambeau celebrates after winning the 2024 U.S. Open at Pinehurst. AP Photo/Frank Franklin II

Here are the legitimate contenders to win the U.S. Open. They have the game, guts and nerves to handle four pressure-packed rounds on a setup that is traditionally the most difficult among the majors.

Bryson DeChambeau

DeChambeau captured his second U.S. Open title at Pinehurst, despite missing nearly half the fairways (57%) over four rounds. He won by outdriving everyone else (310.9-yard average), hitting greens and putting lights-out. He’ll have to be more accurate off the tee at Oakmont, and he wasn’t happy with his iron play at the Masters and PGA Championship. Still, he has finished tied for sixth or better in five of the past six majors.

Rory McIlroy

Rory will try to exorcise his demons from last year’s U.S. Open at Pinehurst No. 2 in North Carolina, where he squandered a 2-stroke lead with five holes to play and missed short putts on Nos. 16 and 18. He lost to DeChambeau by 1 shot. McIlroy missed the cut in his only start at Oakmont nine years ago. He doesn’t seem to have much confidence off the tee right now; he missed the cut at last week’s RBC Canadian Open after hitting only 13 of 28 fairways in two rounds. McIlroy planned on testing several new drivers over the weekend to find one he likes.

Collin Morikawa

2025 U.S. Open betting favorites

The two-time major champion is a two-time runner-up this season, at the season-opening Sentry and the Arnold Palmer Invitational. Morikawa hasn’t won in more than 19 months; his last victory on tour came at the Zozo Championship in Japan in October 2023. That drought has to end sometime soon. He’s extremely accurate off the tee (72.9%) and is a world-class ball striker (67.6% greens in regulation).

Jon Rahm

The LIV Golf League star got himself into the mix against Scheffler on the second nine of the final round of the PGA Championship but collapsed down the stretch. Rahm, who won the 2021 U.S. Open at Torrey Pines, finished in a tie for 12th or better in four of his past five starts in the tournament. He was wildly inaccurate off the tee at Quail Hollow, which would spell disaster for him this week.

Russell Henley

Henley collected his fifth PGA Tour victory at the Arnold Palmer Invitational and followed that with a tie for eighth at the RBC Heritage and for fifth at the Memorial. He tied for seventh in the 2024 U.S. Open at 1 under. Henley ranks 16th on tour in strokes gained: approach (.538) and 11th around the green (.393). He’s tied for 12th in driving accuracy (67.7%), which will help at Oakmont, too.

Sepp Straka

Straka is one of the more underrated golfers on tour, having already won twice this season at the American Express and Truist Championship. He also has piled up five top-10s and 11 top-25s in 13 starts, all but securing his spot on the European Ryder Cup team. He’ll look for a better showing this week after missing the cut at the Masters and PGA Championship. He doesn’t miss fairways (68.5% fairways hit), leads the tour in greens in regulation (71.4%) and is 17th in strokes gained: putting (.427).

Xander Schauffele

Schauffele’s putter seems to be warming up, which was about the only thing holding him back since his return from a rib injury. He can grab the third leg of a career Grand Slam after winning the PGA Championship and Open Championship last year. Remarkably, he finished in the top 10 in seven of his eight starts in the U.S. Open, including a tie for seventh last year.

Ludvig Åberg

Inconsistency is about the only thing holding Åberg back from being at the top of the upper echelon of the sport. The 25-year-old Swedish golfer finished first at the Genesis Invitational and solo seventh at the Masters. Surprisingly, he ranks 77th in strokes gained: total (.214), 109th in approach (-.025) and 129th in putting (-.144). Still, his game seems tailor-made to win a U.S. Open.

Hideki Matsuyama

The 2019 Masters champion missed the cut at the PGA Championship, which ended his streak of playing on the weekend at 19 straight majors. He finished in the top 10 in two of the past three U.S. Opens, although his accuracy off the tee (55.3%) might be a concern at Oakmont.

Justin Thomas

JT has cooled off a bit after a sizzling start to the season, which included a playoff victory at the RBC Heritage and three runner-up finishes. He missed the cut at the PGA Championship and tied for 31st at the Memorial, in which he was undone by an opening-round 80. He played much better on the weekend.

Shane Lowry

Outside of a missed cut at the PGA Championship, the Irishman has played consistently as he continues to ramp up for his return in July to Royal Portrush in Northern Ireland, the site of his last individual PGA Tour victory in the 2019 Open Championship (Lowry and McIlroy won last year’s Zurich Classic of New Orleans). He tied for runner-up at 2016 U.S. Open, three strokes behind winner Dustin Johnson, after taking a 4-shot lead into the final round.

Harris English

The 35-year-old won for the fifth time on tour at the Farmers Insurance Open in late January, then tied for second at the PGA Championship, his best career finish in a major. If he tightens up his iron play and touch around the greens, his putting is good enough to get him in contention again.

Patrick Cantlay

It has been more than 2½ years since Cantlay lifted a trophy, but he was in the mix on the back nine of the final round at Pinehurst, where he tied for third at 4 under. He ranks in the top 10 in strokes gained: total (1.124) and approach (.628).

Justin Rose

The 2013 U.S. Open winner was runner-up at the 2024 Open Championship and lost in a playoff to McIlroy at the Masters in April, so he’s still good enough to get in the mix. He missed the cut in four of the past five U.S. Opens.

Tommy Fleetwood

Fleetwood has been a top-25 machine this season, finishing in the top 22 in all but two of his 12 starts on tour. He tied for fourth in the Charles Schwab Challenge and for 16th at the Memorial. He’s still searching for an elusive first PGA Tour victory.

Viktor Hovland

Hovland’s love-hate relationship with his swing is a never-ending drama, but he seemed to be in a better place recently. He’s still an exceptional iron player and hits enough fairways, but will his short game and putting hold up on Oakmont’s diabolical green structures?

Aaron Rai

If keeping the ball in the fairway is a prerequisite for contending at Oakmont, no one on tour does it better than Rai, who leads in driving accuracy (73.4%). He’ll have to do a better job on the greens, too.

Tyrrell Hatton

USGA setups don’t seem to fit Hatton’s eye. He finished in the top 10 only once, tying for sixth in 2018 at Shinnecock Hills in Long Island, New York. He has played like one of the best golfers in the world for a while now.

Corey Conners

The Canadian golfer hits most fairways (68.8%) and greens (70%) and is putting better this season. He tied for ninth at Pinehurst last season.

Ben Griffin

It’s hard to believe that the former North Carolina star was working as a mortgage loan officer four years ago and nearly walked away from the sport. Griffin and Andrew Novak captured the team event in New Orleans, and then Griffin picked up his first individual title at the Charles Schwab Challenge. He was runner-up at last week’s Memorial Tournament and doesn’t seem ready to slow down anytime soon, even in his first start in the U.S. Open.

Joaquín Niemann

A four-time winner in the LIV Golf League this year, Niemann finally collected a top-10 in a major with a tie for eighth in the PGA Championship. It might be the breakthrough he needed to make some noise in the big four.

Tier III: If everything goes right

Here are the sleeper candidates to lift the U.S. Open trophy on Sunday. The list includes former major championship winners, rising stars and other players whose games have been works in progress this season. Will it all come together at Oakmont?

Jordan Spieth has four top-10 finishes this season, including a T-7 at the Memorial. Michael Reaves/Getty Images

Tony Finau

Finau seemed to wake up from his slumber with top-20 finishes at the Truist Championship and PGA Championship. He tied for third last year after carding a 3-under 67 on Sunday.

Brian Harman

Harman won the 2023 Open Championship in tough conditions and made the cut in each of the past five U.S. Opens, tying for 21st at Pinehurst. He won the Valero Texas Open in April and tied for third in the RBC Heritage.

Cameron Smith

Smith’s putting prowess would seem to make him a good fit at Oakmont. He missed the cut in the past three majors, leaving many to wonder if he’s playing often enough in the LIV Golf League to contend again.

Matt Fitzpatrick

Fitzpatrick’s tie for eighth at the PGA Championship was a sign that his form might be back. He won the 2022 U.S. Open at The Country Club in Brookline, Massachusetts, in not-so-great conditions.

Jordan Spieth

Since becoming the youngest golfer since Bobby Jones in 1923 to win the U.S. Open at Chambers Bay in 2015, Spieth has one top-20 finish in nine starts, tying for 19th four years ago.

Brooks Koepka

The two-time U.S. Open winner used to show up at majors believing he was better than everyone else in the field. He hasn’t had a top-10 in a major since winning his third PGA Championship title in 2023. He missed the cut in the first two majors this year.

Min Woo Lee

“Dr. Chipinski” has three straight strong finishes in the U.S. Open, including a tie for fifth at Los Angeles Country Club two years ago. His form hasn’t been great since the Masters.

Sam Burns

After limping into the Masters, Burns has played better golf the past couple of months. He seemed to have a breakthrough in majors by tying for ninth in the 2024 U.S. Open, and he leads the PGA Tour in strokes gained: putting, which will help on Oakmont’s intimidating greens.

Ryan Fox

The golfer from New Zealand earned an exemption into the field Sunday by defeating Burns in a playoff at the RBC Canadian Open. It was Fox’s second win in four starts; he also finished first in the ONEflight Myrtle Beach Classic.

Andrew Novak

Novak has been one of the biggest surprises on tour this season, teaming up with Griffin to win the Zurich Classic of New Orleans and losing to Thomas in a playoff at the RBC Heritage. It’s just his second start in the U.S. Open.

Patrick Reed

Reed keeps showing up on the leaderboard on Sundays at Augusta National, but he hasn’t had similar success in the other three majors. His only top-10 in the U.S. Open was solo fourth in 2018.

Robert MacIntyre

The Scottish golfer captured two national championships last year: the Canadian Open and Scottish Open. He’d like to add a U.S. Open and called Oakmont “absolute carnage on a simulator, never mind the actual event.”

Daniel Berger

Berger has a couple of top-10s in the U.S. Open in his career, and he was playing well before back-to-back missed cuts at the Charles Schwab Challenge and the Memorial.

Davis Riley

Riley had a breakthrough at the PGA Championship, tying for second at 6 under, his best finish in a major.

Tom Kim

Kim has stacked up three straight finishes of 26th or better in the U.S. Open, including a tie for eighth in 2023. He has struggled the past two months on tour.

Maverick McNealy

It’s McNealy’s first U.S. Open start since he qualified as an 18-year-old amateur at Pinehurst No. 2 in 2014.

Akshay Bhatia

After a lull in April and early May, Bhatia has played better in recent weeks. He tied for 16th in the 2024 U.S. Open and has all the shots you need to contend, especially on the greens.

Thomas Detry

Detry isn’t particularly accurate off the tee (56.6%) and has struggled with his irons, but he putts lights-out and tied for 14th at Pinehurst No. 2 last year.

Si Woo Kim

What else does Kim have in his bag after he recorded the longest ace in major championship history on the 252-yard, par-3 sixth hole at Quail Hollow Club in the PGA Championship?

Keegan Bradley

The U.S. Ryder Cup team captain missed the cut at the U.S. Open in four of his past six starts. He tied for seventh in 2022.

Jason Day

Day tied for eighth at 2 over the last time the U.S. Open was played at Oakmont. He hasn’t competed on tour since missing the cut at the PGA Championship; he injured his left wrist while moving a bike.

J.T. Poston

Poston tied for fifth at the PGA Championship, his best finish in a major, and his form was trending well before a missed cut at the Memorial.

Denny McCarthy

McCarthy had three straight solid finishes in the U.S. Open, tying for seventh in 2022, and his putting gives him a chance to make some noise.

Michael Kim

Kim has cooled off after his sizzling spring, when he piled up five straight top-15s. It’s only his third U.S. Open start; he was low amateur and tied for 17th in 2013.

Davis Thompson

Thompson tied for ninth at Pinehurst No. 2 last year, his best finish in a major. The 26-year-old is immensely talented but still struggling with consistency.

Dustin Johnson

DJ survived a scoring controversy in the final round to win the last U.S. Open played at Oakmont. He has been a nonfactor in majors the past two seasons.

Wyndham Clark

Clark’s form has been trending in the wrong direction for weeks, and his inaccuracy off the tee (56.5%) and struggling iron play (63.8%) probably aren’t a recipe for success at Oakmont.

Sungjae Im

He’s another golfer who keeps his tee shots between the lines (68.7%), although he missed the cut in each of his past three starts in this tournament.

J.J. Spaun

Spaun is a two-time runner-up on tour this season, losing to McIlroy in a Monday playoff at the Players. He missed the cut in his only previous U.S. Open start in 2021.

Jacob Bridgeman

The former Clemson star might be a sneaky pick to contend this week. He’s one of the best putters on tour, has four top-10 finishes and performed well at Oakmont in the 2021 U.S. Amateur.

Rasmus Højgaard

Højgaard is a five-time winner on the DP World Tour. He missed the cut in his only previous U.S. Open start in 2020.

Joe Highsmith

Highsmith has been a breakout performer so far this season, winning the Cognizant Classic and tying for eighth at the PGA Championship.

Ryan Gerard

Gerard will look to build on his surprising tie for eighth at the PGA Championship.

Lucas Glover

Glover’s putting has gone cold again, which is a reason he hasn’t been in contention as much as he’d like this season. He played in two previous U.S. Opens at Oakmont, in 2007 and 2016, missing the cut in both.

Matthieu Pavon

Pavon became the first French golfer to win on the PGA Tour in January 2024 with a victory at a U.S. Open course in the Farmers Insurance Open at Torrey Pines. He was solo fifth at Pinehurst No. 2 last year.

Nick Taylor

The Canadian golfer is a five-time winner on the PGA Tour, but he’s still searching for success in the majors.

Taylor Pendrith

Another golfer from north of the border, Pendrith finished in the top 20 in two of his past three majors, tying for 16th at the 2024 U.S. Open and for fifth at last month’s PGA Championship.

Adam Scott

The 2013 Masters champion’s best days on the course are probably in the rearview mirror. He has one top-10 in a major since tying for seventh at the 2019 U.S. Open.

Cameron Young

Young, once ranked 13th in the Official World Golf Ranking, had to go through final qualifying to make the field. He has played better lately.

Bud Cauley

After missing more than three seasons because of injuries suffered in a 2018 car accident, Cauley is back in the U.S. Open for the first time in eight years.

Stephan Jager

Jäger, from Germany, tied for 21st in the 2024 U.S. Open. He made early noise at the PGA Championship before fading on the weekend.

Tier IV: Hey, miracles happen

Jordan Spieth has four top-10 finishes this season, including a T-7 at the Memorial. Michael Reaves/Getty Images

These are the long shots. This tier includes a handful of older former major champions and PGA Tour regulars.

Gary Woodland
Brian Campbell
Cam Davis
Laurie Canter
Mackenzie Hughes
Jhonattan Vegas
Nico Echavarria
Max Greyserman
Sam Stevens
Emiliano Grillo
Matt Wallace
Marc Leishman
Chris Kirk
Tom Hoge
Christiaan Bezuidenhout
Byeong Hun An
Thriston Lawrence
Mark Hubbard
Lanto Griffin
Justin Lower
Richard Bland
Eric Cole
Doug Ghim
Carlos Ortiz

Did Vegas catch lightning in a bottle at the PGA Championship when he grabbed the 18- and 36-hole leads and tied for fifth at 5 under? He has never finished in the top 40 in the U.S. Open.

Woodland captured the 2019 U.S. Open, Kirk is a six-time winner on tour, and Leishman has won 14 times around the world, including once in the LIV Golf League. They’re more than capable of stringing together four solid rounds if their form is better.

Tier V: Happy to make the cut

These players aren’t expected to be among the contenders unless something wild happens.

Phil Mickelson​​
Nick Dunlap
Matt McCarty
Erik van Rooyen
Thorbjørn Olesen
Victor Perez
Niklas Nørgaard
Zac Blair
Chris Gotterup
Will Chandler
Trevor Cone
James Hahn
Adam Schenk

Mickelson, a six-time major champion, acknowledged earlier this week that this might be his last chance to complete the career Grand Slam. It is the final year of his five-year exemption for capturing the 2021 PGA Championship at Kiawah Island, South Carolina, where he became the oldest major championship winner.

Mickelson, 54, is a six-time runner-up in the U.S. Open, most recently in 2013. He missed the cut in four of his past five starts in the event and hasn’t finished in the top 40 since tying for 28th in 2014.

Dunlap won twice on tour last season, once as an amateur and another as a rookie after turning pro. He has struggled mightily since then, however, missing the cut in six of his past nine starts. He hasn’t played on the weekend in any of his five major appearances the past two seasons.

Tier VI: The qualifiers

play

0:40

Marty Smith to McAfee: Excited to see what 17-year-old Mason Howell does at U.S. Open

Marty Smith tells Pat McAfee that he can’t wait to see what 17-year-old Mason Howell does after qualifying for the U.S. Open.

Here are the remaining players among the 65 qualifiers who aren’t PGA Tour regulars and included in tiers above or below. They went through local and final qualifying to grab spots in the field. The last qualifier to win the U.S. Open was Lucas Glover in 2009.

Yuta Sugiura
James Nicholas
Roberto Díaz
Ben James
Zach Bauchou
Scott Vincent
Jordan Smith
Joakim Lagergren
Jinichiro Kozuma
Guido Migliozzi
Frédéric Lacroix
Sam Bairstow
Edoardo Molinari
Jacques Kruyswijk
Andrea Pavan
Rasmus Neergaard-Petersen
Alistair Docherty
Johnny Keefer
Alvaro Ortiz
Emilio Gonzalez
Trent Phillips
George Kneiser
Chandler Blanchet
Justin Hicks
Philip Barbaree Jr.
Jackson Buchanan
Ryan McCormick
Bryan Lee
Harrison Ott
Grant Haefner
George Duangmanee
Kevin Velo
Brady Calkins
Joey Herrera
Austen Truslow
Chase Johnson
Matthew Jordan
Takumi Kanaya
Riki Kawamoto
Riley Lewis
Maxwell Moldovan

Nicholas, from New York, played football for one season at Yale and was on its golf team for four. His grandfather Dr. James A. Nicholas was an orthopedic surgeon who operated on Jets quarterback Joe Namath’s knee four times. Nicholas was the Ivy League Player of the Year in 2019.

Hicks, 50, actually held a share of the first-round lead at 3 under in the 2008 U.S. Open at Torrey Pines, in which Tiger Woods beat Rocco Mediate in sudden death after an 18-hole playoff. Hicks, now a golf instructor in Boca Raton, Florida, tied for 74th at 17 over.

Haefner, who played at Wayne State University in Michigan, had one of the most dramatic finishes on golf’s longest day, sinking a 60-foot putt from off the green on the 36th hole to earn medalist honors in final qualifying at Springfield Country Club in Ohio.

Go ahead and DO THAT, Grant Haefner!

The Bloomfield Hills native had the absolutely appropriate reaction to clinching his spot in the U.S. Open. pic.twitter.com/Vgp0cg0McV

— U.S. Open (@usopengolf) June 2, 2025

Tier VII: The amateurs

Here are the amateur players who will attempt to do what stars such as Cantlay, Mickelson, Rahm, Spieth and so many others did at the U.S. Open before turning pro: win a medal as a low amateur.

Jose Luis Ballester
Noah Kent
Evan Beck
Trevor Gutschewski
Michael La Sasso
Justin Hastings
Lance Simpson
Cameron Tankersley
Frankie Harris
Mason Howell
Tyler Weaver
Jackson Koivun
Matt Vogt
Preston Summerhays
Zachery Pollo

There are a whopping 15 amateurs in the field, including nine who advanced through final qualifying, and many of them once again have compelling stories.

Vogt, 34, grew up in Pittsburgh and was once a caddie at Oakmont. He played at Butler University in Indianapolis, where he now works as a dentist. He was the medalist in final qualifying in Walla Walla, Washington, he wore a ribbon on his hat in tribute to his recently deceased father, who used to track his scores on his phone.

A caddie turned dentist turned U.S. Open competitor! 👏 👏 👏

If you watch one Golf’s Longest Day interview, make sure it’s this one from Matthew Vogt. pic.twitter.com/f1WEehPfsG

— U.S. Open (@usopengolf) June 3, 2025

Howell, 17, is a rising senior in high school in Thomasville, Georgia. He went 18 under and didn’t make a bogey in two rounds during final qualifying on June 2 at Piedmont Driving Club in Atlanta. He is committed to play at the University of Georgia as part of the 2026 class.

La Sasso, a junior at Ole Miss, got into the field by capturing last month’s NCAA Division I individual national championship. The All-American posted the lowest scoring average in program history (69.48) and won three times this past season. Tankersley, his Ole Miss teammate, made the field through open qualifying.

Gutschewski just graduated from Westside High School in Omaha, Nebraska, and is headed to the University of Florida. His father, Scott, is a three-time winner on the Korn Ferry Tour, and his older brother, Luke, played at Iowa State. Gutschewski earned a U.S. Open spot by capturing the 2024 U.S. Junior Amateur.





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Major Cryptocurrencies Struggle as Hang Seng Cheers U.S.-China Trade Talks; U.S. Inflation Eyed as China Deflation Worsens

by admin June 9, 2025



Major cryptocurrencies showed little bullish momentum Monday, even as hopes for the U.S.-China trade talks lifted Asian stocks.

Bitcoin

, the leading cryptocurrency by market value, traded flat-to-negative near $105,650, having carved out a doji candle, a sign of indecision, on Sunday, according to data source TradingView.

Data from Blockchain.com showed a marked slowdown in network activity, with the seven-day moving average of daily on-chain transactions falling to 315.48K, the lowest in at least a year.

Payments-focused cryptocurrency XRP

struggled to gather upside traction despite topping a bearish trendline from the mid-May highs. The cryptocurrency changed hands at $2.24 at press time, down over 1% on the day (UTC). Volatility may increase this week as the XRP Ledger’s APEX 2025 conference kicks off in Singapore.

Meme cryptocurrency dogecoin

traded nearly 2% lower, closing in on 18 cents, having failed to establish a foothold above the 100-day simple moving average (SMA) over the weekend.

Hang Seng tops 24K

Hong Kong’s Hang Seng index rose 1.3%, topping the 24,000 mark for the first time since March 24, according to data source TradingView. The move came in response to the optimism about the U.S.-China trade talks this week.

“Optimism is as high as it’s been since Trump’s election as top trade deputies will meet in London starting on Monday. There are indications that talks will go all week and Trump himself is optimistic,” ForexLive’s Chief Currency Analyst Adam Button said in a blog post.

“The meeting should go very well,” President Donald Trump said on Truth Social Friday, announcing the new round of trade talks in London.

Other Asian indices, such as South Korea’s KOSPI and China’s Shanghai Composite, also gained ground despite the deepening consumer and factory gate deflation in China.

China’s deflation worsens

China’s consumer prices fell 0.1% year-over-year in May, according to data from the National Bureau of Statistics released on Monday. The CPI first turned negative in February.

Meanwhile, the producer price index, or factory gate prices, fell 3.3% year-over-year in May, registering a sharper decline than the 3.2% drop analysts had expected. Factory gate prices have been in deflation since October 2022.

According to Robin Brooks, senior fellow in the Global Economy and Development program at the Brookings Institution, the U.S. tariffs are generating a deflationary shock for major exporters like China.

“China’s producer price inflation for consumer goods is down to its lowest level since the 2008 crisis. U.S. tariffs will now push China into full-on deflation. All necessary conditions for deflation are there: weak consumption and a debt overhang. U.S. tariffs are now the catalyst…,” Brooks said on X.

The worsening deflation could prompt China to stimulate domestic demand with further liquidity easing.

China’s central bank in May cut the key interest rates by 10 basis points to a historic low while reducing the reserve requirement ratio, releasing liquidity into the market. Last week, the state-run China Securities Journal reported that the People’s Bank of China may lower the reserve requirement ratio further later this year to support growth and restart government bond trading.

More Chinese stimulus could bode well for financial markets, including cryptocurrencies.

Focus on U.S. CPI

The U.S. consumer price index for May due Wednesday will be scrutinized by markets for clues that Trump’s tariffs are adding to price pressures in the economy.

The headline CPI is seen matching April’s pace of 0.2% month-on-month growth, equating to an annualized 2.5% rise versus April’s 2.3% increase, according to FXStreet. Meanwhile, the core inflation, which excludes the volatile food and energy component, is forecast to have ticked higher to 2.9% in May from 2.8% in April.

Economists at Barclays expect the data to show first signs of tariffs-related price increases across wide range of core goods.

A hotter-than-expected print could dent Fed rate cuts, potentially injecting downside volatility in financial markets.



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Bitcoin Holds Above $106K as U.S. Defense Secretary Threatens to Deploy Marines in LA

by admin June 8, 2025



Bitcoin (BTC)

maintained a steady climb Saturday as U.S. domestic tensions intensified.

Markets remained focused on crypto resilience despite unsettling headlines, including an immigration-related standoff in Los Angeles.

According to a report by CNBC, over 100 arrests have been reported as clashes continued between protesters and federal agents, prompting President Trump to authorize the deployment of 2,000 National Guard troops. By Sunday morning, elements of the 79th Infantry Brigade had arrived on-site, according to Northern Command.

Further escalation came with Defense Secretary Pete Hegseth warning that U.S. Marines at Camp Pendleton could also be mobilized if violence persists. Still, Bitcoin’s stability at $106,332 suggests crypto investors remain unfazed, treating the unrest as a regional event rather than a market-moving crisis.

Bitcoin traded within a narrow $1,057 range, from $105,043 to $106,101, and is currently hovering at $106,332. The price action showed a strong rebound after briefly dipping below $105,100, as buying interest re-emerged around the $105,400 support level, according to CoinDesk Research’s technical analysis model.

An early breakout attempt above $106,100 ran into selling pressure, creating a high-volume resistance zone. That move was short-lived as profit-taking set in, though the coin held onto its gains. The consolidation structure remains bullish, with the pattern of higher lows hinting at a potential push toward $107,000 if resistance breaks cleanly.

Despite broader macro headwinds, BTC continues to attract buyers during dips, underscoring its role as a perceived hedge amid rising uncertainty.

Technical Analysis Highlights

  • BTC traded within a $1,288 range (1.22%) between a low of $105,043.65 and a 24-hour high of $106,332.
  • Resistance around $105,900–$106,100 was broken as price surged beyond this zone with strong volume during the early afternoon.
  • Support at $105,400 held firm through several retests, reinforcing bullish sentiment.
  • A breakout to $106,332 occurred around 13:48, followed by minor profit-taking and stabilization above $106,000.
  • The hourly chart shows an ascending trend with consistent higher lows, invalidating the earlier “pump and dump” interpretation.
  • With momentum intact, BTC may test the $107,000 resistance level if current support near $105,800 holds.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Recent Posts

  • Black Myth: Zhong Kui Announced

    August 21, 2025
  • Genshin Impact’s IRL event at gamescom teases Nod-Krai, Version 6.0, and yet another handsome anime man you’d better start saving your Primogems for

    August 21, 2025
  • Top Binance Traders Cut XRP Longs Ahead of Powell’s Speech

    August 21, 2025
  • MetaMask Confirms mUSD Launch, Backed by M0 and Stripe’s Bridge

    August 21, 2025
  • Jiushark JF15K Review: An air cooler like none other

    August 21, 2025

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About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Black Myth: Zhong Kui Announced

    August 21, 2025
  • Genshin Impact’s IRL event at gamescom teases Nod-Krai, Version 6.0, and yet another handsome anime man you’d better start saving your Primogems for

    August 21, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

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