Stocks plunge as Russia ramps up attacks on Ukraine

Selina Johansson

U.S. stocks fell sharply on Tuesday to mark a bleak first day of March on Wall Street as investors weighed intensifying Russian attacks on Ukraine and the impact of Western sanctions on Moscow. [Click here to read what’s moving markets heading into Wednesday, March 3] The S&P 500 tumbled 1.55% […]

Harvard economist and former Obama advisor says Russia is ‘basically a big gas station’ and is otherwise ‘incredibly unimportant’ in the global economy

Selina Johansson

Russia’s President Vladimir Putin signed decrees to recognize the independence of Donetsk and Luhansk. Moscow ordered troops into these areas on Monday, escalating the prospect of war between Russia and Ukraine.Alexei Nikolsky/TASS via Getty Images Jason Furman said Russia’s economy is “unimportant” other than gas, The New York Times reported. […]