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If the economy is going to be sucked into a pocket of negative quarterly growth, it’s going to be now, warns one top economist. “I think if we have a negative quarter of growth, it’s likely to be the first quarter of the year because that will capture the price shock that is cascading through the economy and the hangover after the very strong finish of last year. I don’t think we are going to have a recession,” said RSM chief economist Joe Brusuelas on Yahoo Finance Live. “Right now, if you… Source link

With the NCAA men’s tournament tipping off in earnest with a full slate of games on Thursday, we pulled together a roundtable to answer burning questions that’ll help you fill out your Tourney Pick’em bracket. Here are our Cinderellas, dark horses, first No. 1s to fall, best first-round bets and Final Four/champion picks. Which No. 1 seed will fall first? Frank Schwab: Baylor is the most vulnerable. They are a good team but losing your leading rebounder (Jonathan Tchamwa Tchatchoua, done for… Source link

Transportation Secretary Pete Buttigieg acknowledges already fragile global supply chains have been dealt a twin blow from Western sanctions on Russia for its war on Ukraine and fresh lockdowns in China due to renewed COVID-19 outbreaks. “Well, they are major curveballs for the economy and for the supply chain,” Buttigieg told Yahoo Finance. “And this is exactly why we’ve been so focused on making our supply chains more resilient. We don’t know what the next shot is going to be — a… Source link

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased moderately in February as more expensive gasoline and food forced households to cut back spending on other goods like furniture, electronics and appliances, which could restrain economic growth this quarter. The report from the Commerce Department on Wednesday, however, showed the rebound in sales in January was much stronger than initially estimated. Record gasoline and high food prices are hitting lower-income households… Source link

Valspar Championship Palm Harbor, FloridaInnisbrook Resort (Copperhead Course) – Par 71 – 7,340 yardsField – 144 entrantsPurse – $7.8M The Preview A five-day marathon broke out at THE PLAYERS Championship, but we’ve officially reached the fourth and final leg of the Florida Swing as the Copperhead Course at Innisbrook plays host to a surprisingly decent field that features five representatives from the top 10 in the Official World Golf Ranking. Retaining a common theme of challenging layouts… 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 Wednesday, March 16, 2022 Inflation is raging at a pace not seen in 40 years, making it a near certainty that the Federal Reserve will raise interest rates at the conclusion of its policy-setting meeting this afternoon. How do we know? Because Fed Chairman Jerome Powell said so. “I’m inclined to propose and support a 25 basis point rate hike,”… Source link

Ukrainian snipers had a problem: Russian forces in eastern Ukraine were trying to blind them. As the Ukrainians were looking through their scopes in order to find their targets, the Russians had begun pinpointing their location using the glare of the glass, and were shooting high-energy lasers into them, damaging the snipers’ eyesight. The two sides were squaring off in close proximity. In early 2014, Russia had already invaded and annexed Ukraine’s Crimea peninsula. Shortly thereafter,… Source link

European stocks rose as all eyes are firmly focused on the Federal Reserve meeting later today – the first in four years, where an interest rate hike is expected. Photo: Tom Williams/CQ-Roll Call, Inc via Getty European stocks pushed higher on Wednesday as investors awaited a widely anticipated decision by the US Federal Reserve on interest rate policy. In London, the FTSE 100 (^FTSE) rose 1.3% after opening, while the CAC (^FCHI) gained 2.1% in Paris, and the Frankfurt DAX (^GDAXI) was 2%… Source link

It sounds like Baker Mayfield’s time in Cleveland is over. Mayfield posted what felt like a goodbye message to Browns fans and the city of Cleveland on social media Tuesday night. Mayfield insisted that his post “is not a message with a hidden meaning,” though it comes amid significant trade speculation that affects the quarterback. [Join the Yahoo Fantasy Tourney Pick’Em $25K Best Bracket Contest] “This is strictly to thank the city of Cleveland for embracing my family and me. We have… Source link

The 2022 NFL league year hasn’t technically begun, yet the unofficial start to free agency has been wild. Remember Tom Brady? He’s back. The Jacksonville Jaguars? They broke the bank for Christian Kirk. Deshaun Watson? Seems like he could be traded any minute now. Charles Robinson welcomes The Athletic’s Robert Mays onto the podcast to discuss the absolutely bonkers first few days of free agency. What happened between Randy Gregory and the Dallas Cowboys to make him spurn his initial deal in… Source link