Amid a turbulent market environment characterized by surging inflation and geopolitical risks, the broader pullback in markets has left investors with plenty of uncertainty, with the Federal Reserve expected to announce rate hikes this week. According to John Hancock Investment Management Co-Chief Investment Strategist Emily Roland, U.S. stocks may currently be cheaper than they appear. “Higher gas prices are certainly going to take a bite out of the consumer. But the consumer is coming… Source link

Pfizer (PFE) announced it is halting new clinical trials in Russia and donating revenue from Russia to the Ukrainian cause, joining other big pharmaceutical companies. “Today we are announcing that effective immediately Pfizer will donate all profits of our Russian subsidiary to causes that provide direct humanitarian support to the people of Ukraine,” a company statement said. “Our medicines are medicines, not like [an] iPhone Pro, for example, or the new Mac,” Pfizer CEO Albert Bourla told… Source link

Ever since the onset of the Ukraine war, Russia, the invader, has met with stringent sanctions from the western nations, with many global enterprises suspending or terminating their Moscow-based operations. On Monday, March 14, web browser Mozilla Firefox removed the Russia-based search engine Yandex from its settings and replaced it with the default search of Google. The users of Mozilla Firefox were notified regarding the change today, as per the reports of Telecomtimes. Earlier, users… Source link

In the days leading up to free agency, there is bound to be a lot of “ smoke and mirror” games across the league. Some, if not most, is unsubstantiated, but it’s a period where teams begin to fill in the blanks on their rosters. The Steelers have long been a team that prefers building through the draft, nurturing their own draft picks into star-caliber players. With more cap room than they’ve had in quite some time, perhaps this year will be an outlier as the team looks to not go… Source link

(Bloomberg) — Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing’s close relationship with Russia and renewed regulatory risks sparked panic selling. Most Read from Bloomberg The Hang Seng China Enterprises Index closed down 7.2% on Monday, the biggest drop since November 2008. The Hang Sang Tech Index tumbled 11% in its worst decline since the gauge was launched in July 2020, wiping out $2.1 trillion in value since a… Source link

Review sentiment reflects the prevailing opinion shared by customers in reviews of a business’s products or services. Whether the sentiment is positive or negative is thought by some to have an impact on a business’s search rankings. There’s legitimate concern over those claims, as it would leave businesses vulnerable to negative SEO attacks if rankings could be lowered with bad reviews. Conversely, there’s concern about competitors artificially inflating their rankings with fake… Source link

The S&P 500 and Dow rose Monday to shake off some recent losses, with investors looking ahead to the Federal Reserve’s next monetary policy decision later this week amid an ongoing war in Ukraine and soaring inflation. The Dow Jones Industrial Average gained more than 0.7% just after market open as the index recovered some losses following five straight weekly losses. The Nasdaq erased earlier gains to trade lower. U.S. crude oil prices (CL=F) briefly dipped below $103 per barrel to a… Source link

KANSAS CITY, Mo. — Businesses in and around Kansas City, Missouri, can now access faster internet speeds after Google Fiber began rolling out 2 gigabit per second speeds for small and medium-sized businesses last month. The new service is twice as fast as the previous top speed of 1 gbps, which representatives said will allow multiple devices to work simultaneously on large scale projects or video conferences without a network interruption. Kansas City, Missouri-based body jewelry retailer… Source link

Selling a much cheaper iPhone may pay off very well financially for Apple (AAPL). “We believe the launch should be a notable tailwind for Apple, which we think could ship >35M units in the phone’s first year. At a blended average selling price of ~$450 or modestly higher given a higher base price, shipments at that volume could generate an additional ~$15-20 billion in annual revenues (approx. ~4-5% of total sales). Assuming standard product operating margins, it could contribute ~25-30… 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, March 14, 2022 I would compare this week in the markets to that feeling when you passed your driver’s test and were able to roam the open roads with freedom for the first time. So much anticipation on what’s possible, and it all lived up to the hype (until you got into your first accident, then it sucked). This week the Federal Reserve… Source link