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% […]
Ukraine
Visa, Mastercard suspend operations in Russia over Ukraine invasion
March 5 (Reuters) – U.S. payments firms Visa Inc (V.N) and Mastercard Inc on Saturday said they were suspending operations in Russia over the invasion of Ukraine, and that they would work with clients and partners to cease all transactions there. Within days, all transactions initiated with Visa cards issued […]
Ukraine outcry and Covid chaos overshadow Xi’s celebrations
Just a few weeks ago it seemed that the last Chinese parliamentary session of President Xi Jinping’s second term in office would be a congratulatory affair, where his administration could brag about the success of its Covid containment policies while focusing on efforts to shore up an economy hit by […]
Russian invasion of Ukraine complicates global climate agenda
Soaring energy prices driven by Russia’s invasion of Ukraine, and the potential for disruptions in Russian oil and natural gas deliveries are threatening to derail the global transition away from fossil fuels, just three months after world leaders vowed to take aggressive climate action in Glasgow. Global oil prices surged […]
Stocks Up, Fear Down on Wall Street Despite Ukraine Invasion | Business News
By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers NEW YORK (AP) — Wall Street capped a turbulent week of trading Friday with a broad rally for stocks as relief flowed through the market, even as deadly attacks raged in Ukraine. Oil fell and investors turned away […]
Ukraine War Means Another Supply Shock to Global Economy, the Last Thing It Needs
Russia’s invasion of Ukraine threatens to restrict global energy supplies, with the resulting rise in oil and natural-gas prices likely to hit Europe hard and potentially ripple out to the U.S. and other global markets. It’s the last thing the global economy needs: Another “supply shock,” or a sudden shortage […]
Poor economic mood in U.S. means Ukraine crucial to Biden, Democrats
In the early hours of February 24th, Russia initiated a full-scale invasion of Ukraine, much to the dismay of the international community. Our Suffolk University/USA TODAY national poll of registered voters – taken just before the invasion began – suggests that the crisis in Ukraine could also be either a […]
Stocks stage massive comeback after Russian attack on Ukraine roils global markets
U.S. stocks staged a massive reversal Thursday after Wall Street’s main benchmarks each plunged more than 2% in early trading as Russia’s military invasion of Ukraine roiled financial markets around the globe. [Click here to read how stocks are trading heading into Friday, February 25] The Nasdaq Composite rebounded from […]
Stocks jump as investors eye strong data, Russia’s attacks in Ukraine
Stocks rallied Friday for a second day in a row as traders eyed the latest developments in Russia’s invasion of Ukraine and the world’s response. The S&P 500 advanced more than 2%, rising further after a 1.5% jump on Thursday. The Dow and Nasdaq also built on Thursday’s gains to […]
Joe Biden and Vladimir Putin agree ‘in principle’ to hold summit on Ukraine
Vladimir Putin and Joe Biden have accepted “the principle” of a summit to ease tensions over Ukraine, the White House and French presidency said, capping a series of increasingly urgent diplomatic efforts led by Emmanuel Macron to defuse the crisis. The possibility of a meeting between the Russian and US […]