This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, February 25, 2022 Inflation, and the Fed’s reaction to it, remains the biggest market risk Crying ‘havoc,’ Vladimir Putin has let slip the dogs of war — both in Eastern Europe and global financial markets. Thursday’s breathtaking comeback on Wall Street, roiled by panic-selling stemming from the Russia-Ukraine conflict, signaled… Source link

Novak Djokovic lost any chance of defending his Australian Open title, and now he’s about to his lose No. 1 ATP ranking. The Serbian was shocked by the Czech Republic’s Jiri Vesely, ranked No. 123 in the world, on Thursday in the semifinal of the Dubai Open. The loss guarantees that the No. 2-ranked Daniil Medvedev will have more points than Djokovic in the next ATP rankings, ending his reign. The Dubai Open had been Djokovic’s first since his Australian Open debacle, in which he was deported… Source link

Colt Brennan, the record-setting Hawaii quarterback whose death last May shocked the college football world, was found to have stage 1 CTE in a post-mortem examination, his family revealed via Sports Illustrated. Brennan’s body was reportedly examined by the CTE Center at Boston University, which was unable to fully examine his brain due to other injuries. There was enough evidence to confirm CTE, though, which sheds further light on the post-retirement life of the record-setting… Source link

(Bloomberg) — Block Inc., the digital-payments firm run by Jack Dorsey, surged as much as 30% in late trading after it reported fourth-quarter revenue that topped projections and gave an unexpectedly positive outlook for 2022. Most Read from Bloomberg Fourth-quarter revenue was $4.08 billion, slightly topping the $4.01 billion average estimated by analysts. Block, formerly known as Square, also said its Cash App’s gross profit will be stronger in the second half of the year because of… Source link

(Bloomberg) — Block Inc., the digital-payments firm run by Jack Dorsey, surged as much as 30% in late trading after it reported fourth-quarter revenue that topped projections and gave an unexpectedly positive outlook for 2022. Most Read from Bloomberg Fourth-quarter revenue was $4.08 billion, slightly topping the $4.01 billion average estimated by analysts. Block, formerly known as Square, also said its Cash App’s gross profit will be stronger in the second half of the year because of… Source link

The good news for Josh Taylor is that he’ll walk to the ring on Saturday in Glasgow, Scotland, to a hero’s welcome as he prepares to defend his undisputed super lightweight title against mandatory challenger Jack Catterall. The bad news is, there’s going to be plenty of these mandatories popping up in short order, and it’s going to take a heroic effort in order to keep the belts. Normally, the mandatory challengers aren’t the fights fans are itching to see. And with no offense meant… Source link

Last November, the tech giant Yandex unveiled Chervonenkis, Russia’s most powerful supercomputer and the 19th most powerful commercial computer on the planet. Chervonenkis, which Yandex uses to train artificial intelligence algorithms for applications like web search and translation, was built by linking together more than 1,500 chips from the US company Nvidia. Earlier this week, Russia’s Ministry of Internal Affairs said that it was having trouble sourcing the homegrown chips it’s… Source link

The NBA is similar to horse racing in that jumping out of the gates to an early lead doesn’t guarantee victory, but it certainly helps. BetMGM offers a wager for every NBA game called “Race To,” where you can bet on which team will be the first to score five points, 10 points, 15 points and so on. I love these types of wagers, so I spent the All-Star break diving into which teams are consistently hitting 10, 20 and 30 points first in their games, and which teams are smart fades (one of which… Source link

Russia invaded Ukraine and began a war on Thursday, the biggest nightmare for boxer Viktor Postol. The super lightweight contender is slated to fight Gary Antuanne Russell Saturday (10 p.m. ET, Showtime) at The Cosmopolitan in Las Vegas. Postol is from Ukraine and left his wife, Olga, and twin sons Timothey and Lukyam, at their home in Brovary, near Kyiv. He had told Yahoo Sports earlier in the week that he’d been trying to avoid the news so he could focus on his fight, while also hoping… Source link

As Russia launches a war against Ukraine, the Nasdaq Composite (^IXIC) — down more than 3% at Thursday’s open — mounted a furious comeback, with megacap stocks Microsoft (MSFT) and Alphabet (GOOGL, GOOG) doing much of the heavy lifting. However, the eight largest U.S. publicly traded companies have hemorrhaged over $2 trillion in market capitalization since their combined value peaked in mid-November. According to one Wall Street strategist, the geopolitical maelstrom may give… Source link