Newsletter Feb 23, 2022

3 things you must know

Biden announces first round of sanctions against Russia
President Joe Biden on Tuesday announced an initial set of sanctions against two Russian banks and the country's wealthy elite after what he called "the beginning of a Russian invasion of Ukraine." Amid calls for tougher sanctions, Biden stressed that the measures were only a "first tranche" in response to Russian President Vladimir Putin "carving out a big chunk of Ukraine."
HOW EFFECTIVE ARE THE FIRST ROUND OF SANCTIONS?

Market analysts say fallout from Russia-Ukraine will be brief
As the S&P 500 hovers near correction territory, Wall Street is gauging the impact of the conflict between Russia and Ukraine on asset prices, with some strategists warning investors to keep their cool and focus on longer-term market trends. Worries over war and a more hawkish Fed have combined to take the S&P 500 down nearly 10% from an all-time high hit in early January.
FIND OUT HOW THE MARKETS WILL REACT TO SANCTIONS

Why it's cheaper to buy than rent in these metropolitan areas
Rent prices are soaring across the country to the point where it may be cheaper to buy a house than to rent one in more than half most U.S. cities. Realtor.com found â€œbuying a â€˜starterâ€™ home was more affordable than renting in 26 of the 50 largest metro areas.â€
WHICH CITIES' HOUSING IS CHEAPER TO BUY THAN RENT

Markets

DJIA	33,596.61	-1.42%
S&P 500	4,304.76	-1.01%
Nasdaq Composite	13,381.52	-1.23%
Japan: Nikkei 225	26,449.61	-1.71%
UK: FTSE 100	7,494.21	0.13%
Crude Oil Futures	92.27	1.32%
Gold Futures	1,902.20	-0.27%
Yen	115.04	-0.03%
Euro	1.13	0.07%
* As of market close

US women's soccer team nets off-pitch win

For all the wins claimed by the US national women's team, Tuesday's victory may have been the biggest. The international powerhouse got a $24 million payout and a promise of equal pay in a landmark settlement with US Soccer. The question of World Cup prize money prompted the lawsuit filed by the team in 2019, which accused the federation of "stubbornly refusing" to pay its men and women's players equally.

FIND OUT HOW THE DEAL LEVELS THE GENDER PLAYING FIELD

Devices endangered as AT&T ends 3G today

The beginning of the end of 3G wireless devices starts Wednesday when AT&T is expected to shut down its old networks. The impact of the sunset on 3G devices carries serious risks for some older devices, including home security devices, medical alert monitors and car alarms.

FIND OUT THE IMPACT THE MOVE WILL HAVE ON 3G DEVICES

Trump praises Putin; loses Jan. 6 appeal

On the same day the Supreme Court ended former President Donald Trump's request to block the release of White House records detailing the events of Jan. 6, the controversial leader also drew poor reviews from both sides of the political aisle for praising Russian President Vladimir Putin as a "genius" for his military actions against Ukraine.

SEE HOW DEMS AND REPUBLICANS REACTED TO HIS WORDS

Pay for play

Who was the world's highest-paid female athlete in 2021, what sport does she play, and how much money did she earn last year?

Tuesday's answer: Thelma Sutcliffe is the oldest living American at 114. She has lived through two world wars and two global pandemics.

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