Good evening.
Markets tumble, tensions build between Russia and Ukraine, and a record 31M Americans will bet on the Super Bowl.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks tumbled on Friday amid concerns about inflation and Ukraine.
The U.S. said it believes Russia could invade Ukraine at any moment and urged Americans to leave the country.
The retreat from stocks extended a selloff that began Thursday after data showed inflation hit 7.5% in January, a 40-year high.
The combination of economic news and global tensions injected fresh anxiety into the stock market.
The crypto market fell on Friday, with Bitcoin trading near $42k, as cryptocurrencies followed other risk assets lower.
Catch Up
A record 31.5M Americans are expected to bet on this year’s Super Bowl – up 35% from last year.
A record-low proportion of Americans – just 25% – said it was a good time to buy a house right now.
Oil jumps to eight-year high on Ukraine invasion warning.