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(Bloomberg) — Dethroning the dollar is easier said than done. Most Read from Bloomberg That’s the conclusion of investors after Washington’s freeze of Russia’s dollar holdings created fresh impetus among central bankers to rethink the security of access to foreign-exchange reserves. The move fueled speculation that countries such as China could redouble efforts to unshackle itself from greenback-denominated financial systems and look for alternatives. While Goldman Sachs Group Inc. and… Source link

Splurging on a night out at a restaurant is coming back in fashion for some, according to a new survey from Evercore ISI. The survey found a COVID-era record 74% of people say they are comfortable eating at a restaurant, above the prior high of 70% last summer. “We believe much of this increase is due to the recent 94% reduction in COVID cases in the U.S. Importantly, COVID fatigue also seems to be impacting comfort levels — comfort is higher than at any point in time since the start of the… 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 21, 2022 Today’s newsletter is by Brian Sozzi, editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Markets have rallied nicely off the early March lows that were triggered by the start of Russia’s war on Ukraine, but they are still dealing with a bout of depression. The percentage of… Source link

All-cash transaction provides significant premium, delivering substantial and certain value for Alleghany stockholders Strong strategic fit between Berkshire Hathaway and Alleghany Alleghany and its subsidiaries will continue to operate as an independent entity with increased capital strength and support from Berkshire Hathaway OMAHA, Neb. & NEW YORK, March 21, 2022–(BUSINESS WIRE)–Berkshire Hathaway (NYSE:BRK.A; BRK.B) and Alleghany Corporation (NYSE:Y) today jointly announced they have… Source link

After his program came devastatingly close to its first Sweet 16 in 54 years, TCU men’s basketball coach Jamie Dixon tried his best not to blame the loss on the referees. Not once did he complain about the disputed no-call that robbed his team of the chance to potentially finish off top-seeded Arizona at the free-throw line. “I mean, I think everybody’s seen it and is talking about it,” Dixon said when reporters asked if he thought a foul should have been called. “We’re gonna handle it the… Source link

McDonald’s (MCD) is bringing back its fan-favorite Szechuan Sauce. Beginning on March 31, and for “only a few days,” the sauce will be available for free with any Chicken McNuggets order at U.S. locations. There’s a catch though, the dipping sauce will only be sold via the McDonald’s app. This is the sauce’s fourth return to the Golden Arches since its debut 24 years ago as a promotional tie-in to Disney’s animated movie “Mulan.” The sauce made a cult-fan comeback 20 years later, in 2017,… Source link

With just over six minutes left for his team to save its season on Sunday night, Auburn coach Bruce Pearl made an eye-opening decision. He substituted for Walker Kessler with the second-seeded Tigers trailing by 10, benching the all-SEC 7-footer to go with a smaller lineup. While 10th-seeded Miami had to wait a little while longer to celebrate a 79-61 victory and an improbable berth in the Sweet 16, Pearl’s desperation move was the equivalent of him raising a white flag. In a second-round… Source link

A year after winning just two games, Iowa State is moving on to the Sweet 16. The Cyclones, the No. 11 seed in the Midwest region, upset No. 3 seed Wisconsin 54-49 in the second round of the NCAA tournament. And they did it in front of a largely pro-Wisconsin crowd on Sunday night in Milwaukee. The Cyclones (22-12) had a 2-22 record in 2021 but have now won two games in the NCAA tournament in their first season with T.J. Otzelberger as head coach. Gabe Kalscheur led the way for ISU in what was… Source link

Another Final Four favorite is out of the NCAA women’s tournament field before the second weekend. No. 10 South Dakota knocked out No. 2 Baylor, 61-47, on the Bears’ home court to advance to the Wichita region semifinal. It’s the Coyotes’ first Sweet 16 berth and was barely in doubt after a 16-4 lead through one quarter. The Coyotes (29-5), who took down No. 7 Ole Miss in the first round, have not trailed in the tournament. They join Creighton, the 10 seed in the Greensboro region, in upending… Source link

WASHINGTON – Supreme Court Associate Justice Clarence Thomas has been hospitalized for the past two days and is being treated for an infection, court officials said Sunday. Thomas, the most senior associate justice on the high court, is being treated with intravenous antibiotics, the court said, and his symptoms are improving. The Supreme Court said Thomas was admitted to Sibley Memorial Hospital in Washington, D.C., on Friday after experiencing flu-like symptoms. Court officials said Thomas… Source link