Business
Does Shohei Ohtani Have a Real Shot at the 2026 NL Cy Young Award?
Shohei Ohtani is once again breaking baseball. Through the first months of the 2026 season, the Los Angeles Dodgers’ two-way phenom is pitching at a historical level on the mound — yet despite putting up numbers that rival the greatest pitching seasons of the modern era, Ohtani remains far from a lock to finally claim the one major individual honor that has eluded him throughout his career: the Cy Young Award.
A Career-Long Pursuit
The Cy Young chase is not a new ambition for Ohtani, but rather one that traces back to his earliest baseball aspirations. When Shohei Ohtani was in high school in Iwate, Japan, he wrote down a list of life goals, many of them tied to baseball. In nine Major League seasons so far, he’s already produced a body of work that is unmatched in the game’s history as a superstar on the mound and at the plate. He’s a four-time MVP — one of only two players in MLB history to win more than three MVP honors — a five-time All-Star, a four-time Silver Slugger Award winner, the 2025 National League Championship Series MVP, and a two-time World Series champion. But the Cy Young Award has eluded him, and he wants it badly. On his high school list, he had penciled in a goal of winning that honor by age 22 — a lofty aspiration even for a player as supremely talented as Ohtani.
A Historically Dominant Stretch
Early in the 2026 season, Ohtani delivered exactly the kind of statement performance that suggested this could finally be the year. Shohei Ohtani’s quest for the Cy Young Award began with six shutout innings for the Los Angeles Dodgers in his first outing on the mound this season. At the plate, the two-way superstar went 1 for 3 with two walks and a strikeout in a rainy 4-1 win over the Cleveland Guardians.
That dominance continued deep into the season. Through his first 10 starts of the 2026 campaign, Ohtani was pitching to a minuscule 0.74 ERA, the third-lowest mark of any pitcher since earned runs became an official statistic in 1913. Only Jacob deGrom, who posted a 0.56 ERA in 2021, and Juan Marichal, who posted a 0.59 ERA in 1966, have ever recorded better marks at that point in a season. Ohtani’s outward metrics backed up the historic ERA: he pitched to a 0.787 WHIP with 67 strikeouts and only 18 walks, a 3.72 strikeout-to-walk ratio. The underlying advanced metrics loved him even more, with a 100th percentile Pitching and Breaking Run Value and a 98th percentile Fastball Run Value.
A More Recent Rough Patch
Despite that dominant stretch, Ohtani’s invincibility on the mound has shown some cracks more recently. In a start against the Pittsburgh Pirates, Ohtani experienced what was statistically the worst pitching outing of his season, with three earned runs, six hits, and three walks allowed across 6 2/3 innings. He was pulled mid-inning for the first time all season, with a two-out, two-run, seventh-inning double from Pirates second baseman Brandon Lowe ultimately knocking him from the game. Even with that rougher outing factored in, Ohtani’s ERA rose to a still-minuscule 1.06, underscoring just how big a cushion his earlier dominance had built.
The Central Obstacle: Innings
Despite the eye-popping rate statistics, the central question hanging over Ohtani’s Cy Young candidacy has nothing to do with his ability and everything to do with workload. In order to protect Ohtani’s arm and their investment in him, the Dodgers have exclusively used a six-man rotation this year. Because of this, his innings totals naturally lag behind the rest of the league — a structural deficit that voters have historically weighed heavily when comparing starting pitchers for the award.
That workload concern is not new to this season. Ohtani has qualified for an ERA title only once in his career. He pitches for the Los Angeles Dodgers, a team that has the luxury of slow-playing their starting pitchers until the postseason, given the organization’s deep roster and championship aspirations.
The Competition He’s Up Against
Ohtani also faces a deep and accomplished field of National League starting pitchers, several of whom have posted their own historic numbers this season while throwing significantly more innings. Rivals for the award include Phillies left-hander Cristopher Sánchez, who posted a 1.47 ERA over 79 1/3 innings; Brewers phenom Jacob Misiorowski, with a 1.65 ERA and an incredible 39.6% strikeout rate; and reigning NL Cy Young winner Paul Skenes of the Pirates, who has a 2.89 ERA over 65 1/3 innings.
To overcome the innings disadvantage built into his usage pattern, Ohtani will likely need to finish with an ERA under 2.00 over the full season in order to compensate. Whether he can sustain his historically low ERA over a complete campaign remains an open question — the lowest ERA for a qualified starter since the pitching mound was lowered to its current height in 1969 belongs to Dwight Gooden, who posted a 1.53 ERA over 35 starts for the Mets in 1985.
A Strikeout Rate Slightly Below His Career Norm
One additional data point working against Ohtani’s case involves his strikeout rate relative to his own established career standard. Ohtani’s career strikeout rate as a pitcher is 31.1%. So far in 2026, he’s below that figure, at 28.6%. With Misiorowski posting historic velocity-driven strikeout numbers unlike anything seen before, Ohtani will need to find ways to close that gap if he hopes to compete directly with the league’s most dominant strikeout artists on a rate basis.
What a Realistic Path Looks Like
Entering the season, evaluators had a useful baseline for projecting what an award-worthy Ohtani campaign might look like. On a per-162-game basis, he had averaged a 13-7 record with a 3.00 ERA, a 143 ERA+, 228 strikeouts, and 5.5 bWAR entering this season — numbers that would have represented a great jumping-off point even before accounting for his historically dominant early-season form in 2026.
With the season now past its midpoint, Ohtani’s Cy Young case will likely come down to two intertwined factors: whether he can sustain an ERA in the range that compensates for his reduced innings total under the Dodgers’ six-man rotation, and whether voters are ultimately willing to reward dominant rate statistics over the larger workloads posted by rivals like Sánchez, Misiorowski, and Skenes. Given Ohtani’s unprecedented two-way burden and the historic nature of his rate numbers through the season’s first half, his candidacy remains a genuine storyline to track — even if the most decorated player of his generation still has work to do to finally cross his lifelong goal off the list.
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As an individual investor nearing retirement I am trying to build my financial assets in order to have a fulfilling retirement. I am interested in trading both long and short; or at least using inverse ETFs, to take advantage of market declines. Having long term and short term trading strategies, proper execution of my trading plan, and absolute investing results are my goals. I see my articles as a way to keep me focused on developing winning trades. I also expect to learn much from the feedback that is provided in the comments section.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in KMX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ITWO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
BSE subsidiary ICCL adopts new brand identity as BSE Clearing
The company said the transition marks a significant milestone in strengthening alignment with parent entity BSE Ltd and reinforces its role within the broader BSE ecosystem.
BSECL will continue to provide clearing, settlement and risk management services across the equity, equity derivatives, currency derivatives, debt, commodity, mutual fund, electronic gold receipt (EGR) and securities lending and borrowing (SLB) segments, among others.
The company said it remains committed to ensuring financial market stability, efficient collateral management and the highest standards of regulatory compliance as mandated by the Securities and Exchange Board of India (SEBI).
“The transition from ICCL to BSE Clearing Limited reflects our strong alignment with the BSE brand and our role as a trusted pillar of India’s financial market infrastructure. Over the years, we have built robust clearing, settlement, and risk management capabilities that support market integrity and investor confidence,” said Vaisshali Babu, Managing Director and Chief Executive Officer of BSE Clearing Limited.
“As we embark on this new chapter, we remain steadfast in our commitment to operational excellence and regulatory compliance while supporting the long-term resilience of India’s capital markets,” she added.
According to the release, the rebranding will have no impact on the corporation’s operations, legal obligations, contracts or service commitments towards members, participants and stakeholders.All existing agreements, memberships and regulatory registrations will continue without interruption, the company said.
BSE, Asia’s oldest stock exchange, is also the world’s largest exchange by number of listed companies. Over the years, it has played a key role in the development of India’s capital markets and serves as a major platform for companies raising capital. Its benchmark index, the Sensex, is widely tracked by domestic and global investors as a gauge of Indian equity market performance.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
MAHA SNAP restrictions on junk food could change spending

The growing push to restrict Americans from using federal food aid to buy certain processed or sugary products is creating a new challenge for some of the biggest U.S. food and beverage companies.
The U.S. Department of Agriculture as of May had approved food restriction waivers for Supplemental Nutrition Assistance Program benefits in 23 states, affecting roughly one-third of all SNAP participants, according to Numerator. The research firm estimates the restrictions could reduce food and beverage sales by as much as $830 million this year as consumers either shift spending to approved products or cut back overall.
Kroger CEO Greg Foran said on the company’s first-quarter earnings call on Thursday that customers remain under pressure in part due to reduced SNAP benefits, as well as higher gas prices, “squeezing budgets.”
“Customers are managing spend carefully and shopping with real intent,” Foran said.
Most waivers focus on limiting consumption of sugar-sweetened beverages and confectionery products, signaling a targeted approach rather than broad food restrictions. As the movement spreads, it’s forcing major packaged food companies to monitor shopper behavior and assess whether they need to remake product lines — though many of them have already been changing what they offer after consumer habits shifted in recent years.
Iowa recently became the first state to codify elements of the “Make America Healthy Again,” or MAHA, movement into law, approving legislation that targets artificial food dyes, ultra-processed foods in school and purchases made through SNAP.
“Altogether, this bill advances the health and wellness for every Iowan today and for generations to come,” said Iowa Gov. Kim Reynolds when she signed the measure last month.
She added the law helps “refocus federal food assistance programs on the actual purpose for which they were created: helping low-income families afford nutritious food.”
Attendees are greeted with”Eat Real Food” placards as they gather for U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. and Agriculture Secretary Brooke Rollins to announce new nutrition policies at the Department of Health and Human Services in Washington, D.C., U.S., January 8, 2026.
Jonathan Ernst | Reuters
The law bans several synthetic dyes, including Red 40 and Yellow 5, from most K-12 school meals and vending machines, while also restricting SNAP recipients from using benefits to buy products such as soda and candy.
Navigating the MAHA era
Many food companies aren’t waiting to see how policies evolve.
At a Goldman Sachs conference in May, Hershey said it has researchers in Texas conducting in-store interviews with shoppers who receive SNAP benefits to understand how purchasing behavior is shifting under new restrictions in the state.
“We’ve observed some consumer uncertainty at the register as new restrictions take effect,” a Hershey spokesperson told CNBC. “We anticipate this will improve as store execution improves, rules become clearer, and SNAP users can plan and budget with more certainty.”
The company is studying everything from product substitutions to budget tradeoffs, offering an early glimpse into how major food manufacturers are preparing for a potentially significant shift in consumer demand.
Many of the products most exposed to the changes are produced by some of the largest companies in the industry like Kraft Heinz, PepsiCo, Coca-Cola, General Mills, Nestle and others.
J.M. Smucker CEO Mark Smucker, however, told CNBC he expects the SNAP policy changes to have a more muted impact.
“I would say the current environment isn’t really that different than what we’ve seen over time, and thus far some of the modifications have really had no meaningful impact to our business,” he said.
Still, the company’s Hostess products like Twinkies and Donettes — the latter of which saw net sales grow 13% in the latest quarter, according to the company — may be impacted under broader state restrictions on “highly processed snacks.”
Current SNAP waivers in states like Texas focus primarily on candy and sugary drinks, not snack cakes. However, some states have proposed broader definitions that could eventually encompass packaged desserts and sweet baked goods.
At the same time, fewer Americans are even receiving the benefits. One analysis estimates 3.5 million people have lost their SNAP aid since President Donald Trump last year signed a sweeping bill that restricts eligibility for SNAP, among other changes.
Many U.S. households have found it harder to pay for groceries following the changes. The restrictions have also meant fewer dollars flowing to major businesses.
Walmart is particularly exposed to SNAP spending, capturing roughly a quarter of all SNAP grocery dollars nationwide, according to Numerator. Kroger, Costco and Amazon follow at about 8%, 6% and 5%, respectively.
The curbs on what consumers can buy with federal assistance are only one shift food companies are watching.
At a hearing of the Senate Committee on Health, Education, Labor and Pensions in April, Health and Human Services Secretary Robert F. Kennedy Jr. went as far as to say he “would support” a ban on junk-food television advertising. The department has not yet taken steps to introduce such a ban.
Responding both to Kennedy’s MAHA initiative and shifting consumer tastes, food manufacturers have also accelerated efforts to reformulate products and reduce synthetic ingredients in products like Kool-Aid, Fanta, Doritos and Flamin’ Hot Cheetos, which contain dyes like Red 40 and Yellow 5.
General Mills, Kraft Heinz and Target have all pledged to phase out certain artificial colors and additives by 2027 or sooner.
Nestle announced Monday it achieved its commitment on time to fully eliminate Food, Drug & Cosmetic colors from its U.S. food and beverage portfolio.
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Stock Market Holiday: BSE, NSE closed on June 26 sets up extended weekend for Dalal Street
A total of 16 stock market holidays have been scheduled for 2026, out of which nine have already passed.
Following next week’s closure, the next market holiday will fall on Monday, September 14, for Ganesh Chaturthi. In the second half of the year, markets will also remain closed on October 2 for Gandhi Jayanti, October 20 for Dussehra, November 10 for Diwali Balipratipada, November 24 for Guru Nanak Jayanti and December 25 for Christmas, which will be the final market holiday of 2026.
Will MCX be closed?
Meanwhile, Multi Commodity Exchange of India will remain closed during the morning session on June 26 but will resume trading in the evening session. According to MCX’s annual trading calendar, the exchange has 16 trading holidays in 2026, with either partial or full-day closures.
The National Commodity & Derivatives Exchange Limited will remain shut for both trading sessions on the same day.
Stock Market Holidays 2026
In 2026, four key holidays fall on weekends and therefore will not lead to additional market closures. These include Mahashivratri on February 15 and Eid-Ul-Fitr on March 21, both of which have already passed, along with Independence Day on August 15 and Diwali Laxmi Pujan on November 8.
Diwali Laxmi Pujan will fall on a Sunday this year, though exchanges will conduct the customary Muhurat Trading session on November 8. The timings for the special one-hour session will be announced closer to the date. Independence Day, meanwhile, falls on a Saturday.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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