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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 Wednesday, February 23, 2022 The risks of oil zeroing in on $100 Believe it or not, the current Russia-dominated news cycle has at least a couple of bright spots. The good news is that geopolitical events, like the one that sent the S&P 500 Index reeling into correction territory on Tuesday, tend to move the market in decisive yet mercifully short… Source link

On Wednesday, the Biden administration said it will set aside $450 million from the Bipartisan Infrastructure Law this year towards accomplishing one goal: unclogging U.S. ports. Individual ports, which operate as independent businesses, will soon be able to apply for money from the government to pay for a wide range of projects — from expanding terminals to constructing new piers to creating rail yards for moving goods. “At a foundational level, all of the projects to be chosen must… Source link

With the second half of the NBA season starting this week, Joel Embiid insists he has put the Ben Simmons saga behind him. “I did a lot of chasing around trying to get him back and try to make him feel comfortable again,” Embiid told ESPN’s Malika Andrews on Tuesday of his former teammate. “It was tough. “I didn’t care anymore.” Simmons was involved in a messy exit from Philadelphia after he requested a trade and then sat out for months while racking up fines and refusing to play…. Source link

After apparent silence between the two since CJ McCollum arrived in New Orleans, Zion Williamson has reached out to his new teammate. McCollum was traded to the Pelicans earlier this month and played just five games with the team before the All-Star break. McCollum then revealed during the All-Star events on Saturday night that he had yet to speak with Williamson — who is still injured and has yet to play this season. “I haven’t had conversations with him directly,” McCollum said on… Source link

Everyone loves a winner and that’s all the Phoenix Suns have been doing this season. After starting the year 1-3, the Suns quickly doused “flash in the pan” takes by reeling off 18 consecutive victories. They entered the All-Star break with a 48-10 record, winning their last seven games and 18 of their last 19. This dominant showing in the West has translated into significant money being wagered on BetMGM that the Suns repeat last year’s conference championship feat. Everything revolves… Source link

Stock futures opened higher Tuesday evening after a steep sell-off during the regular trading day, which pushed the S&P 500 and Dow to their lowest settlements so far of 2022. Contracts on the S&P 500 rose. The blue-chip index had closed lower by just over 1% on Tuesday, bringing it more than 10% from its record closing high from Jan. 3 — or below the threshold to have entered a correction. The Nasdaq and Dow each also ended in sharply in the red. Hopes of a diplomatic resolution for… Source link

Snoop Dogg once dreamed that his son, Cordell Broadus, would play professional football. But instead of the NFL, the younger Broadus eventually took a liking to another kind of rough and tumble sport: cryptocurrency. Back in 2017, Broadus was introduced to crypto by now deceased rapper Nipsey Hussle, who urged him to get into digital tokens to buy virtual real estate. He didn’t act right away, but when the crypto market crashed in 2018, his interest was piqued. Since then, he’s taken on… Source link

Georgia gubernatorial candidate Stacey Abrams, a prominent Democrat and voting rights advocate, told Yahoo Finance in a new interview that her home state should be “very intentional” about relaxing its mask-wearing guidelines. She urged public officials to “follow the science,” in light of the state’s low vaccination rate as compared with other states that have lifted indoor mask mandates in recent weeks. The remarks come after Democratic governors lifted such mandates in California, New… Source link

The charts say stocks could have much further to fall as investors price in the three-headed monster that is elevated inflation, rising interest rates from the Federal Reserve and a potential Ukraine-Russia war. “Every facet of my work continues to suggest that this is a chart book consistent with a 20% drawdown in the S&P [500]. While ephemeral relief rallies will occur as the conflict ebbs and flows, the seeds of the current decline were planted by policy and the pandemic long before troops… Source link

Russia’s actions against Ukraine may lead it to being even more isolated from the rest of the world, which could have damaging effects on its economy, warns one veteran policy strategist. “They will be more isolated than ever. Countries will not want to do deals with them. I think the pariah label will stick for quite a while,” said Greg Valliere, AGF chief U.S. policy strategist, on Yahoo Finance Live. On Monday, Russian President Vladimir Putin ordered the deployment of Russian troops to two… Source link