Stock futures fell, oil prices jumped and Russian authorities scrambled to keep a grip on domestic markets, as investors rushed to adjust to geopolitical developments including new sanctions against Russia. Here’s what we’re watching in Monday’s trading: NIO shares added 1% premarket. The electric-vehicle maker plans to list shares in Hong Kong, joining other Chinese businesses pursuing an additional listing outside New York amid the threat of being forced off… Source link

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 Monday, February 28, 2022 Corporate America is launching two of its own birds into Putin’s backyard for his invasion into Ukraine. Not airplanes, but one finger from each hand. Here are the first round of actions from a host of multinational companies that began to trickle in over the weekend: Transport giants FedEx and UPS have suspended shipments… Source link

Google has temporarily disabled live traffic features offered by Google Maps in Ukraine to protect users’ safety as the country is invaded by neighboring Russia. The features use anonymous location data collected from Android smartphones to show where there are traffic delays on roads and which businesses and stores are busy. Experts say such data could offer insight into the progress of the invasion. One open source intelligence (OSINT) expert said he saw signs of the Russian invasion… Source link

The logo of Russia’s state communications regulator, Roskomnadzor, is reflected in a laptop screen showing Google start page, in this picture illustration taken May 27, 2021. REUTERS/Maxim Shemetov/Illustration Register now for FREE unlimited access to Reuters.com Register MOSCOW, Feb 28 (Reuters) – Russia on Monday ordered Alphabet Inc’s (GOOGL.O) Google to immediately restrict access to information posted as part of Google Ads that it said contained inaccurate information about casualties… Source link

Google started this week by disabling Google Maps live traffic service in Ukraine as per Reuters reports on Monday. Google said the decision was made to protect people in Ukraine who continue to face issues because of the ongoing tussle with Russia. But even then, its sudden unavailability is likely going to make people switch to another service available for live traffic updates. It’s called Yandex Maps, which comes from Yandex, also known as the Google of Russia. Also Read: War in… Source link

(Bloomberg) — As the conflict in Ukraine deepens and the fallout from increasingly tough sanctions on Russia reverberate through global markets, investors are rushing to keep up. Most Read from Bloomberg Safe havens like bonds, gold and the U.S. dollar rallied on Monday, while classic risk-sentiment proxies like the Australia dollar tumbled. Emerging market currencies also came under pressure, with the South African rand and the Turkish lira sinking. U.S. and European equity futures tanked…. Source link

“In response to the war in Ukraine, we are pausing Google monetization of Russian state-funded media across our platforms,” Google said in a statement to CNN Business on Sunday. “We’re actively monitoring new developments and will take further steps if necessary.” The announcement marks the latest blow to Russia-linked media amid a wave of criticism directed at Big Tech platforms in the past week for allowing monetization to continue despite Russia’s invasion of Ukraine. In a separate… Source link

The priciest tickets to college basketball’s most obscenely expensive game sold seven months ago during a charity auction benefiting cancer research. A close friend of Mike Krzyzewski forked over an eye-popping sum of money to secure four courtside tickets to the retiring Duke coach’s final home game on Saturday against North Carolina. Before anyone else at the V Foundation’s dinner gala could raise a numbered paddle to bid on the tickets, Michael Marks walked on stage unannounced with a… Source link

Vasiliy Lomachenko, a former three-division world champion and two-time Olympic gold medalist with eyes on a title bout in June, has reportedly taken up arms to defend his native Ukraine against the Russian invasion. Lomachenko, 34, posted an image of himself wearing military fatigues and holding a rifle via Facebook on Sunday alongside an announcement that he has joined a voluntary defense battalion amid the Russian onslaught. “The Belgorod-Dniester Territorial Defense Battalion has been… Source link

(Bloomberg) — U.S. equity futures slid Monday, while bonds and commodities including oil rose, amid heightened market uncertainty after Western nations unveiled harsher sanctions on Russia for the invasion of Ukraine. Most Read from Bloomberg S&P 500 contracts and those for the technology-heavy Nasdaq 100 were down over 2%. European futures declined 4%. Oil and palladium jumped, with Brent crude again vaulting above $100 a barrel. Rallies in a dollar gauge, gold and Treasuries underlined the… Source link