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Costco (COST) has turned into the ultimate safe-haven investment (yet again) as markets have gotten uprooted due to the Russian war on Ukraine. Shares of the warehouse giant have gained about 8% since the war began in late February. The S&P 500 and Nasdaq Composite are down slightly during that same span. Walmart’s stock (WMT) is up 5% The buying activity likely reflects several factors. First is that Costco is a mostly U.S.-focused operation, meaning less relative geopolitical risk to the… Source link

President Joe Biden on Wednesday will officially sign an executive order directing agencies to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide approach to regulating digital assets. The long-awaited order lays out a national policy for digital assets across priorities, including, consumer and investor protection, financial stability, illicit finance, maintaining U.S. leadership in the global financial system and financial inclusion. 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 Wednesday, March 9, 2022 With prices ‘unhinged,’ next stop could be $150 (or higher) Uncle Sam is preparing to hit the Siberian bear where it hurts. And a lot of people will be feeling the pain. On Tuesday, President Joe Biden vowed to do the previously unthinkable: ban Russian energy imports in response to its invasion of Ukraine. Although… Source link

By Bonnie Eslinger (March 8, 2022, 10:15 PM EST) — Yahoo Inc. has been “brazen” in its unlicensed use of Droplets Inc.’s patented technology for quickly updating web pages while tech giants such as Facebook and Amazon eventually agreed to pay license fees, the startup’s lawyer said Tuesday during opening statements in a California federal court patent infringement trial. Kicking off the proceedings, Droplets’ lawyer Courtland Reichman of Reichman Jorgensen Lehman & Feldberg LLP told… Source link

Two key steps in the criminal investigation into Houston Texans quarterback Deshaun Watson are scheduled to unfold Friday, attorneys in the case told Yahoo Sports. Watson is slated for his first deposition in the sexual misconduct civil lawsuits brought against him, with the quarterback’s legal camp preparing him to plead the Fifth in testimony. It’s happening just as the Harris County District Attorney’s Office begins presenting evidence to a Houston grand jury in Watson’s criminal… Source link

Oil prices are perched at 14-year highs, which has also driven a gallon of regular gas above $4, stoking new inflationary fears and pressuring already sticker-shocked consumers. And with the U.S. now moving to curtail Russian oil imports — and leaning on allies to do the same — as punishment for invading Ukraine, it’s not just the absolute price level that has market watchers concerned. “It’s just the speed of this move [that’s] concerning because it wipes out people in certain areas,”… Source link

Stock futures opened lower Tuesday evening following another volatile session on Wall Street. Concerns over the impact that the punitive measures countries and companies have taken against Russia have weighed on U.S. equity markets. The S&P 500 dropped another 0.7% on Tuesday to bring its year-to-date losses to 12.5%. The Dow shed more than 0.5% to sink further into a correction, while the Nasdaq Composite extended losses after sliding into a bear market earlier this week. President Joe… Source link

Defiance has been the fuel to everything Russell Westbrook has been and accomplished in his NBA career. It didn’t matter what his critics or opponents said, because very often his play — or rather the result of his performances — had the last word. Now, as he’s underperformed in a Los Angeles Lakers uniform, the greatest initiator of pressure in the NBA, he’s seeing and hearing everything and no longer has the game to mute all the noise. An athlete in decline is the main course here,… Source link

Half measures are for the half-hearted. If President Biden and other democratic leaders around the world are really going to punish Russian President Vladimir Putin for his brutal invasion of Ukraine, then it’s time to apply the muscle needed to clip his power permanently and smash his ability to wreak destruction wherever he chooses. The way to corral Putin is with robust energy sanctions that will raise prices even more and cause genuine hardship for millions outside of Russia—but pay… Source link

Crypto crimes are on the rise, and a man who lost $120,000 after clicking one bad link shows how vulnerable investors are right now. Reddit user PowerofTheGods said he had been investing since 2016 and kept his investments in a Ledger Nano S (a crypto wallet) and four Metamask digital hot wallets. When he checked his accounts last December, he noticed they were empty. At the time, the currency was valued at more than $120,000. He later realized that hackers stole his crypto after he clicked… Source link