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President Joe Biden focused much of his State of the Union address tonight on Russia’s invasion of Ukraine but he also wanted Americans to hear his message on surging inflation. “One way to fight inflation is to drive down wages and make Americans poorer,” he said as he attempted to reframe his domestic agenda, adding “I have a better plan to fight inflation: lower your costs, not your wages.” Biden delivered his optimistic economic message Tuesday to remind Americans of economic progress like… Source link

Andy Reid didn’t think he’d get offensive coordinator Eric Bieniemy to return for another season. That, however, isn’t because of any rift between the two of them. Reports of any issues between the two, Reid said Tuesday from the NFL combine in Indianapolis, were completely made up. “The whole thing with Eric Bieniemy has gotten kind of fabricated,” Reid said, via ESPN. “We were on vacation and over the two weeks I came back and all of a sudden it was that I didn’t like Eric and… Source link

Yahoo has completely ceased its operations in China now that web services company has ended support for its email service in the country. In a recent email sent out to customers, the company explained that it would soon close Yahoo Mail in China while advising them to switch to an alternative email service as soon as possible. Yahoo also recommended that users download their contacts, schedules and other important data before its email service closed for good in the country. In an FAQ page… Source link

Stock futures opened higher Tuesday evening after sliding for a second straight session during the regular trading day, with jitters over Russia’s war in Ukraine and its implications for the global economy weighing on risk assets. Contracts on the S&P 500 recovered some earlier losses. Earlier, the blue-chip index slid 1.6%, extending Monday’s losses to kick off March trading on shaky footing. The Dow and Nasdaq each also fell sharply earlier, with risk assets reeling as investors… Source link

Bill Browder has pondered how best to put the squeeze on Vladimir Putin and Russia for nearly 20 years now. The financier and head of the Global Magnitsky Justice Campaign has been targeted by Putin for over a decade now and, in a new interview with Yahoo Finance Editor-in-Chief Andy Serwer, offered up his grade of where things stand on sanctions so far. Those sanctions got a failing grade from Browder early on. Before the invasion, he gave the West just a two out of 10 and said the actions… Source link

Investors are still reeling from a roller coaster ride — attempting to price in a bewildering array of sweeping sanctions against Russian entities with all its attendant knock-on effects. There’s a growing divide on Wall Street, with some saying that the worst is over and investors should buy the dip while others are saying investors should be cautious and concerned about lingering tail risks. Dominic Wilson of Goldman Sachs’ global markets strategy team is wary of both surging oil prices… Source link

It’s just a good business decision to keep on raising hourly wages for workers as it will help retain the top talent that is driving strong sales and profits, explains Target CFO Michael Fiddelke. Target said this week it would lift hourly wages for workers in distribution centers, stores, etc. to $15 to $24 an hour depending on location and position. The total investment will amount to $300 million. The discounter revealed back in 2017 a desire to increase its minimum wage to $15 an hour by… Source link

The WNBA levied a $500,000 fine against the New York Liberty for their repeated use of charter flights over the back end of the season, an issue that has been at its boiling point for the past few years. It’s a league-record number that was reduced from $1 million and included the removal of Liberty executive Oliver Weisberg from the league’s executive committee, according to a Sports Illustrated report. The use of charter flights is a competitive advantage since not all franchise owners are… Source link

Facebook parent Meta (FB) is taking on Russian propaganda by removing groups and users that share it on the company’s social networks. But that doesn’t mean Meta will ever be completely rid of it. “One of the fundamental truths of security is that the bad guys keep trying, and we know they’ll keep trying,” Nathaniel Gleicher, head of security policy at Meta, told Yahoo Finance on Monday. “The goal is to make them less and less effective.” On Monday, Meta announced that it knocked… 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 Tuesday, March 1, 2022 US may have the biggest piece on the geopolitical chess board There are multiple takeaways from a particularly intense week that saw Russia’s incursion into Ukraine prompt Western economies — in a rare and historic show of force and unity — put the financial squeeze on Moscow. But one in particular stands out. The… Source link