Yahoo News

As Russia launches a war against Ukraine, the Nasdaq Composite (^IXIC) — down more than 3% at Thursday’s open — mounted a furious comeback, with megacap stocks Microsoft (MSFT) and Alphabet (GOOGL, GOOG) doing much of the heavy lifting. However, the eight largest U.S. publicly traded companies have hemorrhaged over $2 trillion in market capitalization since their combined value peaked in mid-November. According to one Wall Street strategist, the geopolitical maelstrom may give… Source link

Oil backed off its session highs after President Biden indicated petroleum reserves could be tapped as needed and sanctions from Western countries avoided targeting Russian supplies . Sanctions from world leaders were closely monitored by analysts after Russia invaded Ukraine, sending oil surging on Thursday morning. “Oil and gas supplies from Russia as of now have not been affected at all,” Vanda Hari, founder of Vanda Insights, told Yahoo Finance Live this morning. “Will Russian oil and gas… Source link

Where smoke surrounds LeBron James, there is always fire, and the Los Angeles Lakers are burning. Whenever James has been dissatisfied in his career, whether he tells us directly or lets anonymous sources do the informing, whispers become louder right before a momentous change reverberates around the NBA. We have seen James spin this cycle through Cleveland, Miami, back to Cleveland and now in Los Angeles. It should come as no surprise, then, that James has made headlines during the NBA’s… Source link

America’s fast-food giants have a lot on the line amid the escalating situation between Russia, Ukraine and the rest of the world. That’s in large part because Western fast-food players have expanded significantly into Russia with their cheap burgers and fried chicken over the past 20 years. By Yahoo Finance’s calculations, McDonald’s, Papa John’s, KFC, Pizza Hut, Burger King and Starbucks operate about 2,700 restaurants in Russia. The two largest players are McDonald’s and Yum! Brands’ KFC… Source link

Cryptocurrencies have come a long way from the early days of bitcoin (BTC-USD) adoption. And as more cryptocurrencies have developed, the future of the space will be one that continues to grow as a multi-player arena, according to Ava Labs President John Wu. “I think this is the third generation of crypto already. The first generation was bitcoin, the second generation was ethereum, and the third generation has been this new group of, call it ‘layer ones’ and other crypto companies that have… Source link

With a global conflict afoot, gold (GC=F) has revived its status as a safe-haven in times of turmoil. But Bitcoin? Not so much. Bullion on Thursday surged close to $2000 per ounce, its highest since 2020, after Russian forces attacked multiple targets across Ukraine, which prompted investors to flee risky assets. Meanwhile, the U.S. dollar — the world’s premier reserve currency and another safe-haven during market duress — is gaining ground against a broad basket of currencies. However,… Source link

If you’re new to the Head-to-Head categories format, which tends to be most popular on competitor sites like Yahoo, you’ll want to familiarize yourself with the quirks upfront: two utility spots instead of one, four flex pitcher spots in addition to two… Source link

It has often been a rule of running a business that the less said about politics the better. But Georgia gubernatorial candidate Stacey Abrams says that business leaders actually have a duty to weigh in on issues like voting rights that impact the lives of employees and customers. “It is disingenuous to think that you can separate economics from politics or that a CEO can separate her responsibility as a political leader from her responsibility as an economic leader,” she told Yahoo… Source link

Russia’s attack on Ukraine is fueling geopolitical risk that may push the Federal Reserve away from a more aggressive interest rate increase in March. Fed officials, who are still eager to begin the process of paring back pandemic-era easy money policies, say they are monitoring any spillover effects of the conflict onto U.S. economic activity. “These create a lot of uncertainty and uncertainty, as we know, is a demand shock,” San Francisco Fed President Mary Daly told reporters on Feb…. Source link

Four-time Formula 1 champion Sebastian Vettel said Thursday that he wouldn’t participate in the Russian Grand Prix later this year if the race is still on the 2022 Formula 1 calendar. Vettel made his remarks at preseason testing in Spain in the hours after Russia invaded Ukraine. Vettel has been outspoken on numerous issues over the last few seasons and made it clear that a Russian Grand Prix would go on without him if it’s still held on Sep. 25. F1 has said that it’s monitoring the situation… Source link