Yahoo News

Gonzaga freshman Chet Holmgren has added another name, image and likeness (NIL) deal, this one breaking new ground with Yahoo Sports’ NCAA tournament bracket contest. Holmgren and Duke freshman standout Paolo Banchero will be co-ambassadors helping promote Yahoo Sports’ Tourney Pick’em best bracket contest. These are believed to be the first NIL deals… Source link

Stock futures opened higher Thursday evening as investors awaited a key update on the labor market’s recovery and continued to monitor for global economic fallout from Russia’s war in Ukraine. Contracts on the S&P 500 edged higher. The index fell 0.5% during the regular trading day as technology and growth stocks came under renewed pressure, and the Nasdaq Composite dropped nearly 1.6%. Treasury yields steadied after sliding earlier this week, and the benchmark 10-year yield hovered above… Source link

In his State of the Union speech, President Biden called for Congress to pass a $15 minimum wage. Eyes rolled everywhere. Democrats, who have narrow majorities in both houses of Congress, tried to pass a $15 minimum wage last year. They didn’t have the votes. They could have gotten the votes for raising the wage floor to $10 or $11, from the current $7.25. But that wasn’t good enough for Sen. Bernie Sanders and other party liberals. So Democrats haven’t raised the minimum wage at all,… Source link

The Federal Reserve’s top figure said Thursday that the central bank should have acted sooner to pull back on its pandemic-era stimulus and get ahead of rising inflation. Fed Chairman Jerome Powell told the Senate Banking Committee that with prices increasing at the fastest clip since 1982, easy money policies from the Fed — combined with longer-than-expected supply chain snags — appear to be behind inflation. “Hindsight says we should have moved earlier,” Powell said Thursday,… Source link

Silicon Valley’s tech giants are joining the rest of the business world in pulling their products and services from Russia. Companies like Apple (AAPL) have cut ties to the Russian market entirely to protest the invasion of Ukraine, while firms like YouTube (GOOG, GOOGL) , Meta (FB), and Microsoft (MSFT) are limiting the availability of Russian propaganda networks like RT and Sputnik in Europe. And while Big Tech’s moves put at least some pressure on Russian President Vladimir Putin and… Source link

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