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New weekly jobless claims dipped last week, returning to a downward trend following a brief spike higher. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Feb. 24: 232,000 vs. 235,000 expected and a revised 249,000 during prior week Continuing claims, week ended Feb. 12: 1.476 million vs. 1.580 million… Source link

Warren Buffett.Alex Wong/Getty Warren Buffett has advised against swapping stocks for cash, gold, or bitcoin during wars. The Berkshire Hathaway CEO favors productive businesses over dollars, crypto, or haven assets. Buffett touted Russia’s invasion of Ukraine in 2014 as a buying opportunity for long-term investors. Warren Buffett has warned against dumping stocks, hoarding cash, and buying gold or bitcoin when war breaks out, as he believes investing in businesses is the best way to build… Source link

On Wednesday afternoon, just hours before Vladimir Putin launched a long-planned attack on Ukraine, a top White House official joined Yahoo Finance Live to preview the planned sanctions against Russia. Daleep Singh, White House Deputy National Security Advisor for International Economics, underlined that the plan will be wide-ranging — and that crucial American economic allies will be on board to make the measures stick. His comments echo those made by White House press secretary Jen Psaki Source link

The Federal Reserve is unlikely to back off raising interest rates starting at its March meeting as it wrestles with trying to fight red-hot inflation against the backdrop of Russia invading Ukraine. “The current situation is different from past episodes when geopolitical events led the Fed to delay tightening or ease because inflation risk has created a stronger and more urgent reason for the Fed to tighten today than existed in past episodes,” said Goldman Sachs Chief Economist Jan Hatzius… 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, February 24, 2022 Why things aren’t as bearish as they appear Dispatches from Wall Street — where tensions between Russia and Ukraine turned hot overnight, displacing fears of inflation fighting central bankers — have become decidedly bleak these days. Cratering stocks are “on a war footing,” as Barron’s said this week, which… Source link

(Bloomberg) — Futures tracking the Nasdaq 100 Index signaled the U.S. equity gauge is poised to fall into a bear market on Thursday for the first time since the depths of the pandemic selloff as investors exit risk assets on geopolitical risks. Most Read from Bloomberg March futures for the technology-heavy index slid as much as 3.3%, as Russian forces attacked targets across Ukraine after President Vladimir Putin ordered an operation to demilitarize the country, prompting a threat of further… Source link

Russian President Vladimir Putin signaled the start of a military operation in Ukraine early Thursday morning local time, announcing that Russian troops would enter Ukraine’s Donbas region. The territory is held by Russian-backed separatists, and Putin declared it independent of Ukraine earlier this week. “I have decided to conduct a special military operation,” Putin said in a speech broadcast on Russian television. “Russia cannot exist with a constant threat emanating from the… Source link

With the NBA All-Star break over, teams are heading into the final stretch of the 2021-22 regular season with around 25 or so games remaining. With that in mind, Yahoo Sports’ NBA experts reset their preseason predictions for a number of awards, late-playoff matchups and what will be the most interesting storylines heading into the postseason. MVP Vincent Goodwill: Joel Embiid, Philadelphia 76ers Chris Haynes: Chris Paul, Phoenix Suns Ben Rohrbach: Joel Embiid, Philadelphia 76ers Odds to win:… Source link

A seismic shift may be going down in the world of NFL broadcasting. Troy Aikman, currently the top NFL color commentator for Fox Sports, is deep in negotiations to leave the network to become the lead analyst for ESPN’s “Monday Night Football,” according to Andrew Marchand of the New York Post. The deal will be reportedly be for five years, with a salary in the neighborhood of Tony Romo’s $17.5 million per year contract with CBS. It’s a good time to be a former Dallas Cowboys starting… Source link

U.S. stock futures were flat heading into overnight trading Wednesday after another tumultuous day on Wall Street that saw all three major benchmarks log their lowest levels this year so far as Russia-Ukraine tensions continued to weigh on investor sentiment. Futures tied to the S&P 500 were little changed after the benchmark slid deeper into a correction – more than 10% from its record closing high on Jan. 3 — in the daytime session. Contracts on the Dow Jones Industrial Average and… Source link