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Bloomberg Turkish Markets Slide as Agbal’s Exit Stokes Lira Turmoil (Bloomberg) — Turkey’s stocks, bonds and the lira tumbled as the shock dismissal of the central bank chief triggered concern the country is headed for a fresh bout of currency turbulence.In one of the sharpest selloffs in years, the Borsa Istanbul Index lost more than 9%, triggering circuit breakers that halted trading. The lira also weakened more than 9%, while yields on Turkish local and dollar bonds soared.Investors… Source link

Oregon’s first game in the NCAA tournament was phenomenal. The No. 7 Ducks blistered No. 2 Iowa on the way to a 95-80 upset win over the Hawkeyes in the second round of the West region. Oregon scored 56 points in the first half and shot 56% from the field as Iowa was helpless to stop the Ducks’ offense. Though the game wasn’t incredibly competitive throughout most of the second half it was one of the most entertaining of the tournament so far. Unless you’re an Iowa fan. That fun should have… Source link

Bitcoin might be diminishing in a quality that’s long been a sore spot for criticism: volatility. One critical gauge shows the cryptocurrency’s expected price swings are now at their lowest point in three months. The cryptocurrency’s implied volatility, or expectations for price turbulence, declined to an annualized 75% early Monday, based on calculations using options premiums with a one-month horizon. That’s the lowest since Dec. 25, according to data provider Skew. They peaked… Source link

The Internal Revenue Service is distributing a second batch of stimulus payments with direct deposits expected to hit bank accounts as late as Wednesday. More than 90 million stimulus payments were sent last week in the first batch. “Today marks the second batch of payments, with additional payments anticipated on a weekly basis going forward,” the Treasury Department said in a press release on Monday. “The vast majority of taxpayers receiving EIPs will receive it by direct deposit.” Direct… Source link

Hoopla with Haynes: News and nuggets from around the league. John Collins While in the midst of a galvanizing eight-game winning streak led by interim head coach Nate McMillan, the Atlanta Hawks are becoming increasingly reluctant to move their starting power forward by the March 25 trade deadline, league sources told Yahoo Sports. Furthermore, the Hawks haven’t been overly thrilled with the offerings. For instance, the Dallas Mavericks proposed a package featuring sharpshooter Maxi Kleber,… Source link

Google isn’t ready to give up on the traditional workplace just yet: The massive tech company has just announced plans to spend over $7 billion this year on offices and data centers across the U.S. “Coming together in person to collaborate and build community is core to Google’s culture, and it will continue to be an important part of our future,” CEO Sundar Pichai said in a recent blog post. “So we continue to make significant investments in our offices around the country.” The… Source link

Mortgage rates may be on the rise, but that doesn’t necessarily mean the housing boom is about to go bust. For the third consecutive week, mortgage rates pushed past 3%, with the average 30-year fixed loan hitting a nine-month high of 3.09% last week, according to Freddie Mac. The uptick is being driven by a rise in the yield on the 10-year Treasury, which is closely tied to consumer loans like mortgages, credit cards and auto loans. Rising mortgage rates typically signal a recovering… Source link

Prospecting isn’t for everyone. It can be painful. We have to wait weeks or months for these guys, with no guarantee they’ll succeed upon arrival. If you want to simply avoid the entire pool of untested would-be rookies during your fantasy drafts, we get it. It’s a defensible position. But it’s also not uncommon for a first-year player to make noise immediately, giving a massive edge to fantasy managers who were willing to draft and wait. Also, prospects are often the very best trade… Source link

TIME Magazine plans to lean into surging demand for digital currency and art, currently two of the hottest trends in the global economy.  As cryptocurrencies and non-fungible tokens (NFTs) continue to explode in interest and value, TIME has designed its first-ever cover exclusively as an NFT, featuring the bold title “Is Fiat Dead?” It’s a nod to one of its most iconic cover designs from the April 8, 1966 “Is God Dead?” and April 3, 2017 “Is Truth Dead?” editions — and an acknowledgement… Source link

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