Month: February 2022

Ukrainian Military ‘Blew Up Bridge’ Near Kyiv to Stop Russian Troop Advancement: Reports

The Ukrainian military allegedly blew up multiple bridges outside of the capital city of Kyiv to stop Russian troops from advancing from Ivankiv, according to multiple reports. Ukraine’s Ministry of Interior Affairs said that Ukrainian armed forces blew up a bridge in Irpin, around 15 miles west of Kyiv, to prevent Russian forces from approaching the capital,…


Best Vegetables for Your Heart

Research has shown that the more vegetables you eat, the lower your risk of heart disease, with different types of vegetables protecting your heart through different mechanisms. Leafy greens, for example, have high amounts of nitrates that naturally boost your nitric oxide (NO) level. Cruciferous veggies, on the other hand, lower your risk of stroke…


Here’s Why This Analyst Downgraded Facebook Parent Meta

Erste Group analyst Hans Engel downgraded Facebook parent Meta Platforms to Hold from Buy. Facebook invested 21.7 percent of revenue in research and development in the last quarter, and the intended reorientation toward virtual products and services offers new earnings potential in the future. However, the development of the new advertising revenues is associated with high costs, which…


Kobe Bryant Card Sells for $2 Million

A Kobe Bryant card sold for $2 million to make it one of the highest-selling basketball cards of all-time, PWCC Marketplace said on Thursday. The 1997-98 Metal Universe Precious Metal Gems Emerald Kobe Bryant card was a private sale to an unnamed buyer through PWCC Marketplace, a card trading marketplace. Bryant, one of the NBA’s…


Why Exxon Mobil Looks Set For New Highs as Crude Oil Soars

Exxon Mobil Corporation gapped up almost 3 percent higher on Thursday morning but immediately ran into a group of sellers, which dropped the stock down 1.6 percent at press time. Brent crude oil prices jumped 8.99 percent to over $105 a barrel at 5 a.m. EST, after Russian troops began a full-scale invasion of Ukraine overnight. Russia’s…


Fed’s Bostic Open to 4 or More Hikes This Year If High Inflation Persists

The Federal Reserve may need to raise U.S. interest rates four or more times this year if high inflation persists, Atlanta Federal Reserve bank President Raphael Bostic said on Thursday, in a further sign that policymakers are becoming increasingly leery inflation will not begin to abate soon. “The data may come in perhaps more pessimistic…


Justice Department Sues UnitedHealth Over Nearly $8 Billion Deal

Federal regulators are suing to block UnitedHealth Group’s purchase of technology company Change Healthcare, a deal they fear will put too much health care claims information in the hands of one company. The U.S. Department of Justice said Thursday that the proposed deal would hurt competition and give UnitedHealth Group—which runs the nation’s largest insurer—access…


How the Markets Are Reacting to Russia’s Invasion of Ukraine

The SPDR S&P 500 ETF Trust dropped 2.5 percent and the SPDR Dow Jones Industrial Average ETF Trust dropped 2.4 percent on Thursday morning after Russia launched an attack against Ukraine. What Happened? Russia invaded Ukraine overnight, with reports of missile strikes and explosions in major Ukrainian cities, including the capital of Kyiv. Russian President Vladimir Putin has said…


Poland Prepares for Arrival of Ukraine Refugees

Poland’s military increased its readiness level, and Lithuania and Moldova moved toward doing the same after Russia launched a wide-ranging attack on Ukraine on Thursday, hitting cities and bases with airstrikes or shelling. The parliament in Poland, a nation on NATO’s eastern flank which borders Ukraine and Belarus, strongly denounced Russia’s attack on Ukraine and…


Cars.com Clocks 3 Percent Revenue Growth in Q4; Plans $200 Million Buyback

Automotive marketplace platform Cars.com Inc. reported fourth-quarter FY21 revenue growth of 3 percent year-on-year to $158.30 million, marginally missing the consensus of $158.37 million. Average Monthly Unique Visitors improved 6 percent Y/Y to 23.6 million. Traffic (Visits) of 134.0 million dropped 3 percent Y/Y. Monthly Average Revenue Per Dealer of $2,333 was up 3 percent Y/Y, driven…