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U.S. stocks traded mixed and energy prices soared Monday after an escalation of sanctions against Russia amid an ongoing conflict in Ukraine stoked further uncertainty over the outlook for global financial markets. The S&P 500 and Dow each declined, while the. Nasdaq turned positive after opening lower. West Texas intermediate crude oil prices (CL=F) soared to as much as $99.10 per barrel before paring some gains. Brent crude (BZ=F), the international standard, rose to a near seven-year high… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The Bank of Russia acted quickly to shield the nation’s $1.5 trillion economy from sweeping sanctions that hit key banks, pushed the ruble to a record low and left President Vladimir Putin unable to access much of his war chest of more than $640 billion. The central bank more than doubled its key interest rate to 20%, the highest in almost two decades, and… Source link

[unable to retrieve full-text content]No more Yahoo Mail for mainland Chinese users  South China Morning Post 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 Monday, February 28, 2022 Corporate America is launching two of its own birds into Putin’s backyard for his invasion into Ukraine. Not airplanes, but one finger from each hand. Here are the first round of actions from a host of multinational companies that began to trickle in over the weekend: Transport giants FedEx and UPS have suspended shipments… Source link

(Bloomberg) — As the conflict in Ukraine deepens and the fallout from increasingly tough sanctions on Russia reverberate through global markets, investors are rushing to keep up. Most Read from Bloomberg Safe havens like bonds, gold and the U.S. dollar rallied on Monday, while classic risk-sentiment proxies like the Australia dollar tumbled. Emerging market currencies also came under pressure, with the South African rand and the Turkish lira sinking. U.S. and European equity futures tanked…. Source link

The priciest tickets to college basketball’s most obscenely expensive game sold seven months ago during a charity auction benefiting cancer research. A close friend of Mike Krzyzewski forked over an eye-popping sum of money to secure four courtside tickets to the retiring Duke coach’s final home game on Saturday against North Carolina. Before anyone else at the V Foundation’s dinner gala could raise a numbered paddle to bid on the tickets, Michael Marks walked on stage unannounced with a… Source link

Vasiliy Lomachenko, a former three-division world champion and two-time Olympic gold medalist with eyes on a title bout in June, has reportedly taken up arms to defend his native Ukraine against the Russian invasion. Lomachenko, 34, posted an image of himself wearing military fatigues and holding a rifle via Facebook on Sunday alongside an announcement that he has joined a voluntary defense battalion amid the Russian onslaught. “The Belgorod-Dniester Territorial Defense Battalion has been… Source link

(Bloomberg) — U.S. equity futures slid Monday, while bonds and commodities including oil rose, amid heightened market uncertainty after Western nations unveiled harsher sanctions on Russia for the invasion of Ukraine. Most Read from Bloomberg S&P 500 contracts and those for the technology-heavy Nasdaq 100 were down over 2%. European futures declined 4%. Oil and palladium jumped, with Brent crude again vaulting above $100 a barrel. Rallies in a dollar gauge, gold and Treasuries underlined the… Source link

After a two-week post-Super Bowl break, You Pod to Win the Game is back in action for the NFL combine, free agency, and the start of the 2022 league year. Charles Robinson & Dan Wetzel open the show briefly acknowledging the war in Ukraine and this surreal moment in world history before diving into the latest NFL stories percolating during the brief desolate news period between the Super Bowl and the combine. What has been happening in that period? Well, there’s the latest in the ongoing soap… Source link

Planned changes to New York’s vaccine mandates might be a step toward Kyrie Irving playing home games. But they’re not expected to clear his path. New York Mayor Eric Adams announced on Sunday that the city will roll back vaccine requirements for “indoor dining, fitness and entertainment venues” on March 7 provided that the rate of COVID-19 cases “continues to go down.” The announcement arrived amid a broader loosening of COVID-19 restrictions attributed to a decline in new daily cases… Source link