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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

Google has updated its Buy on Google Retailer Standards policies. The changes include removing: order caps, automatic suspension via the Retailer Standards program and the “Defects” tab within the Merchant Center dashboard. The email Google sent to merchants notifying them of Retailer Standards enforcement changes. Image: Lawrence Chasse. Tip of the hat to Lawrence Chasse for bringing this to our attention. Why we care. Order caps were previously imposed on… 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

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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

A small toy figure and gold imitation are seen in front of the Polymetal logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Feb 24 (Reuters) – Shares in Russian exposed companies bore the brunt of selling pressure across European and U.S. equity markets on Thursday after Russian forces launched a full-scale invasion of Ukraine, raising the prospect of tougher sanctions. U.S.-listed shares of Russian… 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

Yandex NV (YNDX) is lower by Thursday morning, with the stock falling -27.50% in pre-market trading to 24.68. YNDX’s short-term technical score of 28 indicates that the stock has traded less bullishly over the last month than 72% of stocks on the market. In the Internet Content & Information industry, which ranks 140 out of 146 industries, Yandex NV ranks higher than 55% of stocks. Yandex NV has fallen 19.91% over the past month, closing… 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