Bracing for a stock market that’s going ‘a whole lot of nowhere’: Morning Brief

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 9, 2022 The looming era of ‘not particularly positive’ returns Unless your name is Meta (FB) or Peloton (PTON), the fourth quarter earnings season has been surprisingly kind to corporate America. Leaving the beleaguered social network (whoops, I mean metaverse pioneer) and fitness brand aside, Q4 results have continued to post… Source link

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Toni Stone recognized with Google Doodle

It’s been a big few years for the legacy of the late Toni Stone, a Negro Leagues second baseman who was the first woman to play regularly in a major American men’s professional sports league. A play about her career — called, simply, “Toni Stone” — debuted off-Broadway in 2019 and has since shown in several U.S. cities. She was recognized by her hometown paper in 2021 with induction into the Star Tribune’s Minnesota Sports Hall of Fame. On Wednesday, Stone got her most… Source link

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Starbucks fired Memphis workers trade accusations amid bitter union fight

Starbucks (SBUX) fired seven workers at a Memphis location, in the midst of an increasingly acrimonious battle over a unionization drive that’s widened to dozens of cities. On Tuesday, seven Starbucks workers – 35% of the store’s total workforce – were terminated by the coffee giant, including nearly the entire union organizing committee, according to Starbucks Workers United. The coffee giant confirmed the dismissals at the store, although both sides differed about why the firings… Source link

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Rob Gronkowski is a Joe Burrow fan

With Tom Brady retired, Rob Gronkowski‘s widely expected to follow suit. The four-time Super Bowl champion tight end has played his entire 11-season career catching passes from Brady and already called it quits once. The only thing that could lure him out of retirement in 2020? The chance to play with Brady again in Tampa Bay. But it turns out Gronkowski’s not strictly married to playing with Brady — now that Brady’s retired, of course. And he’s got his eyes on one quarterback in particular… Source link

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We’re ‘not quite ready’ to roll back travel testing guidance: CDC’s Walensky

CDC Director Dr. Rochelle Walensky says the U.S. isn’t ready to roll back COVID-19 masking or testing requirements, including testing for inbound travelers to the U.S. “We’re not quite ready to do so yet,” Walensky said, noting that the hospitalization rate in the country, though on the decline, is still is at a concerning level. “We always need to be prepared for what may come around the corner,” she said. Though some states on the East Coast — including New Jersey, Connecticut, and Delaware… Source link

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Byron Allen wants to buy the Denver Broncos

Byron Allen wants to buy the Denver Broncos. The comedian-turned-media executive announced his bid in a statement to Bloomberg on Tuesday, telling the business network that he was encouraged to consider NFL franchise ownership by a pair of prominent league power players. “NFL commissioner Roger Goodell and New England Patriots owner Robert Kraft came to me in November of 2019 and asked me to take a good look at buying an NFL team,” Allen’s statement reads. “And after serious… Source link

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Stock futures open higher as earnings roll in

Stock futures opened higher Tuesday evening as investors considered another batch of solid quarterly corporate earnings results and looked ahead to more reports. Contracts on the S&P 500 extended gains from the regular trading session. The blue-chip index, along with the Dow and Nasdaq, each ended higher on Tuesday. Chipotle Mexican Grill’s (CMG) stock gained in late trading after the fast-casual restaurant chain posted a quarterly earnings beat and saw margins expand despite concerns over… Source link

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Washington S Deshazor Everett charged with manslaughter

Deshazor Everett faces an involuntary manslaughter charge. (Kyle Ross/Icon Sportswire via Getty Images) Washington Commanders safety Deshazor Everett has been charged with involuntary manslaughter for a December car crash in Virginia that killed his girlfriend Olivia Peters. The Loudon County Sheriff’s Office announced the charge in a statement on Tuesday, alleging that Everett was driving more than twice the posted speed limit before the single-car crash. “The driver involved in the December… Source link

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Trump’s trade war was a total flop

Donald Trump, the American president from 2017 to 2021, said he knew more about trade than most economists and foreign-policy experts. “Trade wars are good, and easy to win,” Trump famously declared in 2018. He described himself as a “Tariff Man” and proved it by imposing new tariffs on hundreds of billions of dollars of U.S. imports, to be paid by the American firms buying those goods. Trump’s dubious logic was that making imports costlier to Americans would hurt the foreign… Source link

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Google Cuts User Account Compromises in Half With Simple Change

More than 150 million Google users have seen their chance of compromise drop by half following the adoption of two-step verification, a process where users logging in to a Google service will be asked to respond to a push notification sent to a second device, the company said today. The result is an early sign that Google’s effort to boost the overall security of its user base and protect accounts from compromise is paying off. Over the past six months or so, Google has turned on the… Source link

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