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, April 25, 2022 Tired of Wall Street talking heads pounding fears of recession into your overloaded brain day after day this month? So am I. There are valid reasons why some folks on the Street are calling for a recession later this year or early next year. Models being toyed around with by pros are outputting increasing recession risk…. Source link
Read More »Putin signs decree to remove Russian stocks from overseas exchanges in huge blow to the nation’s billionaires
Vagit Alekperov, president of Russian oil company Lukoil.Sefa Karacan/Anadolu Agency/Getty Images Putin signed a new decree on April 16 that requires Russian companies to remove their listings from overseas exchanges. Now, billionaires won’t be able to collect foreign-currency dividends from depository receipt programs. The decree also means foreign holders of the canceled receipts must receive normal shares placed in non-resident accounts in Russia. In a blow to Russia’s richest business… Source link
Read More »Government signs off on Yandex ban in Estonia | News
The ban will take effect on Monday, April 11 and means that Yandex NV is prohibited from providing taxi organization and brokerage services in Estonia. Yandex is barred from making these services available indirectly, as well as directly, in Estonia. Prime Minister Kaja Kallas said the measure related to security, in the wake of Russia’s invasion of Ukraine. She said: “The ban on Yandex’s activities gives a clear signal that companies cooperating with Russian secret services have no place in… Source link
Read More »Yahoo Sports Signs Chet Holmgren, Paolo Banchero To NIL Deals
Samba TV Partners With Disney, iSpot Acquires Tunity as Networks Prioritize Sports Streaming Measurement By Andrew Cohen March 3, 2022 A pair of streaming audience analysis companies, Samba TV and iSpot, made significant moves this week. Samba TV has partnered with Disney to measure audiences across its platforms, including ESPN and ESPN+, while iSpot acquired Tunity. Both Samba TV and iSpot serve as digital-focused alternatives to traditional Nielsen ratings, as networks… Source link
Read More »Yahoo Sports Signs Chet Holmgren And Paolo Banchero To NIL First
Duke Blue Devils forward Paolo Banchero (5) and Gonzaga forward Chet Holmgren (34) have signed NIL … [+] deals with Yahoo Sports (Photo by Brian Rothmuller/Icon Sportswire via Getty Images) Icon Sportswire via Getty Images Yahoo Sports is announcing it has signed Gonzaga’s Chet Holmgren and Duke’s Paolo Banchero to name, image and likeness deals to support its Yahoo Sports Tourney Pick’em bracket game. These are the first NIL deals for the promotion of… Source link
Read More »Stock market is starting to ‘show signs of cracking and bursting’: Harvard lecturer
The explosive growth in passive trading, a fear of missing out, and a blind faith in “celebrity CEOs” have contributed to froth in high growth tech names, according to Harvard lecturer and renowned writer Vikram Mansharamani. Now, the author who made a name spotting market bubbles in his book “Boombustology: Spotting Financial Bubbles Before They Burst,” says another one may be about to pop. “I believe a passive investing bubble has been brewing and may, in fact, have started showing some… Source link
Read More »Google Cloud Signs Up KeyBank
Google Cloud is expected to announce Thursday a deal to provide cloud-computing services to Cleveland-based regional bank, KeyBank National Association, a subsidiary of KeyCorp. Under the agreement, KeyBank will migrate the majority of its products and services to Google’s cloud by 2025. It is the latest in a series of deal announcements from the Alphabet Inc. unit as it works to increase its… Source link
Read More »Bitcoin price tumbles and ‘no signs of a decisive reversal in sight,’ hedge fund risk manager says
Crypto investors have cashed out over $135 billion dollars from the asset class so far in 2022, according to Coinmarketcap market cap data, and bitcoin (BTC-USD) is down around 7% year-to-date and hovering around $43,000 as of Thursday at 10 AM ET. “There are no signs of a decisive reversal in sight,” Mikkel Morch, executive director at digital assets hedge fund Ark36, told Yahoo Finance when asked about the largest cryptocurrency’s recent price action relative to its drawdown over the past… Source link
Read More »Isaiah Thomas signs deal with Nuggets’ G League team
Isaiah Thomas is ready to make his return to the NBA. Thomas signed a deal with the Denver Nuggets’ G League affiliate, the Grand Rapids Gold, on Monday, according to The Athletic’s Shams Charania. Thomas is set to compete in the G League Showcase in Las Vegas starting on Sunday. The event is a single-elimination tournament designed to give G League players a chance to play in front of NBA scouts at the Mandalay Bay Convention Center. Longtime NBA guard Jason Terry is in his first season… Source link
Read More »Bitcoin bull run shows signs of wear as crypto investors eye other coins; Omicron, Fed taper loom
The volatile but never boring market for Bitcoin (BTC) has been whipsawed in recent days, as investors ponder whether there are better returns to be had in other cryptocurrencies, even as a new COVID-19 variant and the Federal Reserve’s policy outlook shake up the landscape. With news of the Omicron strain of COVID-19 unsettling investors, Bitcoin shed over 2% on Tuesday as Fed Chairman Jerome Powell dropped several hints that the central bank is growing more attentive to inflationary risks,… Source link
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