**__ Diplomatt’s Daily Digest – February 25, 2022__**
Good morning and happy Friday, everyone! It’s good to be back. I apologize for taking a small leave of absence right when everything hits the fan. Stock futures fell Friday morning following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine. Losses increased after reports that Russia was closing in on the Ukrainian capital of Kyiv. The capital was hit by horrific Russian rocket strikes and could reportedly fall within a couple of days. Russia invading Ukraine has added to an already tense year, with investors selling first and asking questions later. Despite Thursday’s wild intraday reversal, major averages are on track for their third negative week in a row amid escalated geopolitical tensions and worries over monetary policy. All three averages are still in correction territory, down 10% or more from their respective record highs. The Nasdaq opened Thursday’s session in bear market territory, down more than 20% from its record high in November.
Quote of the week: “We will not learn how to live together in peace by killing each other’s children.” -Jimmy Carter
• President Biden rolled out a new wave of sanctions against Russia on Thursday afternoon in a broad effort to isolate Moscow from the global economy. The White House has also authorized additional troops stationed in Germany as NATO allies look to bolster defenses in Europe.
• Russia has reportedly arrested more than 1,800 anti-war protesters in the country’s capital since the start of the invasion.
• China’s trade with Russia isn’t enough to offset the impact of U.S. and European sanctions on Moscow, according to the White House.
• UEFA has moved the Champions League final on May 28 to Paris from St Petersburg, following Russia’s invasion of Ukraine.
• Patreon, a start-up whose website allows people to give money to individuals and groups, announced that it had suspended the fundraising campaign that a nonprofit organization was using to collect donations to distribute body armor, medical kits, and helmets Ukrainian soldiers.
• CrowdStrike CEO George Kurtz told CNBC he’s been speaking with U.S. bank executives, and they’re worried about potentially being the target of Russian cyberattacks.
• Shares of Etsy climbed as much as 18% in extended trading Thursday after the company reported better-than-expected results for the fourth quarter.
• Coinbase reported fourth-quarter earnings that beat analyst estimates after the bell on Thursday. Shares bounced around after the report. They were down about 5% in extended trading by the end of executives’ call with analysts.
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