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The space industry could be impacted by disruptions or by sanctions against Russia — particularly when it comes to missions utilizing Russian Soyuz rockets — and winners and losers are starting to emerge. “The biggest beneficiary of any exclusion or sanction is SpaceX and the Falcon 9, and to a lesser extent maybe the Falcon Heavy [rocket]” Edison Yu, Deutsche Bank Space analyst told Yahoo Finance Live. Alternatively, One Web (a competitor to SpaceX’s Starlink satellite program) and… Source link

The Russian market is off limits until at least 2023 due to the country’s invasion of Ukraine, says emerging markets investing legend Mark Mobius. “It will be impossible for a long time,” the founding partner of Mobius Capital Partners said on Yahoo Finance Live. Mobius earned his stripes building out the emerging markets investing team at giant money manager Franklin Templeton. Added Mobius, “I don’t see anybody who wants to be investing in Russian equities or debt for another year. I would… Source link

Hewlett Packard Enterprise CEO Antonio Neri wasted no time severing his business from Russia in light of the country’s invasion of Ukraine. The computing giant halted shipments to Russia 72 hours ago, Neri said on Yahoo Finance Live. “Obviously it is incredibly concerning this humanitarian situation and this what I call completely unacceptable set of events. We have to really think through this and put the humanity at the core and the business second,” Neri explained. To be sure, Neri — fresh… Source link

The Biden administration’s sanction strategy hinges on levying severe sanctions on pretty much every facet of the Russian economy except energy. But that plan is getting more and more pushback in Washington, even from some members of Biden’s own party. Russia is the world’s second-largest producer of natural gas and third-largest producer of crude oil, And while the energy market has begun to impose a sort of ‘de facto ban,’ the sanctions were designed to try to minimize the impact on… Source link

Sanctions on Russia will likely have a significant impact on the global economy, a recent ING (ING) report found. “By now, we all know that Europe gets nearly 40% of its natural gas and 25% of its oil from Russia (this differs across countries), and is likely to be walloped with spikes in heating and gas bills, which are already soaring,” ING Global Head of Macro Carsten Brzeski wrote in a report released earlier this week. “Given that Ukraine and Russia have also been labelled as the global… Source link

Ford (F) sees electric vehicles representing half of global production volume by 2030. The auto giant is redefining its operation in order to outperform legacy automakers and EV competitors. CFO John Lawler said the untwining of its electric vehicle business (Ford Model e) and internal combustion engine business (Ford Blue) will provide focus and clarity as the Michigan-based automotive manufacturer further develops the Ford+ strategy. “It’s really about accelerating and being a first mover… Source link

Coffee consumption at home — which boomed during COVID-19 lockdowns — is here to stay despite momentum to return to the office, according to one top consumer brand. J.M. Smucker (SJM) CEO Mark Smucker told Yahoo Finance that “at-home consumption will stay elevated” with 70% of coffee drinking now happening at home, compared to 2/3 prior to the pandemic. With a hybrid model in mind, Smucker believes people will continue “working from home” and “potentially for a long time,” he added. In the… Source link

Even before Russia’s invasion of Ukraine, U.S. gas prices were rising rapidly — and are now marching toward a national average of $4 per gallon or higher in the coming months with the crisis showing no signs of abating. As sanctions isolate Moscow and crimp Russian energy supplies, skyrocketing crude oil and gas prices will impact consumers and businesses already facing the highest inflation levels since 1982. On Thursday, Brent (CL=F) briefly flirted with $120 per barrel, with U.S. oil ( Source link

Duke Blue Devils forward Paolo Banchero (5) and Gonzaga forward Chet Holmgren (34) have signed NIL … [+] deals with Yahoo Sports (Photo by Brian Rothmuller/Icon Sportswire via Getty Images) Icon Sportswire via Getty Images Yahoo Sports is announcing it has signed Gonzaga’s Chet Holmgren and Duke’s Paolo Banchero to name, image and likeness deals to support its Yahoo Sports Tourney Pick’em bracket game. These are the first NIL deals for the promotion of… 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 Thursday, March 3, 2022 Waiting for the dollar’s Godot Is the U.S. dollar over as a reserve currency? That is one of several takeaways from the increasingly anfractuous conflict between Russia and Ukraine. A flurry of heavy-handed sanctions has isolated Moscow, and may yet ricochet across the global economy in unexpected ways (not the least of… Source link