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Russia’s war in Ukraine threatens to hurt billions, UN warns as food and energy prices soar
Russia’s war in Ukraine is already taking a dramatic toll on the world economy and placing a huge swath of the world’s population, especially those in developing nations, at an increased risk of harm, the United Nations warned Wednesday. The crisis has caused a “perfect storm” of disruptions to global food, energy and financial markets […]
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Biden authorizes additional $800 million in military assistance for Ukraine
U.S. military vehicles are parked outside the G2A Arena near the Rzeszow-Jasionka Airport, Poland February 7, 2022. Kuba Stezycki | Reuters WASHINGTON — President Joe Biden announced another $800 million in military assistance on Wednesday following a phone call with Ukrainian President Volodymyr Zelenskyy. The new package will contain previous weapons systems already deployed to the fight […]
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Producer prices rose 11.2% from a year ago in March, the biggest gain on record
The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics reported Wednesday. The producer price index, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a data series going back to November 2010. […]
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Ukraine’s Zelenskyy offers prisoner swap with Moscow; over 3,000 criminal proceedings opened against Russian military
Russia’s appointment of Army General Alexander Dvornikov to lead the war in Ukraine “represents an attempt to centralise command and control,” the U.K.’s Ministry of Defense said in its daily defense intelligence update on Twitter, following weeks of slow progress and botched operations for Russian forces. Dvornikov has commanded troops in Syria and eastern Ukraine, […]
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‘Person of interest’ named in NYC subway shooting that wounded 10 people, injured 13 others
New York City police named a person of interest in the shooting Tuesday morning aboard a subway train in Brooklyn. Ten people were shot and 13 others injured after a man wearing a gas mask opened fire and threw a smoke canister aboard the moving train during the morning rush hour, authorities said. New York […]
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Putin and Lukashenko falsely claim British operatives committed the atrocities in Bucha
Russian President Vladimir Putin and his closest ally, President Alexander Lukashenko of Belarus, unveiled a new theory on Tuesday about who was to blame for the murders, rapes and torture of hundreds of civilians in Bucha, Ukraine while the town was occupied by Russian troops. It was not, they insisted, the Russian soldiers who witnesses, […]
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Stock futures inch higher following highest inflation data in decades
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters Stocks futures inched higher in overnight trading as investors weighed the latest inflation data for March. Futures on the Dow Jones Industrial Average rose 20 points or 0.06%, while S&P 500 futures […]
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Zelenskyy says Ukraine captured pro-Putin politician Viktor Medvedchuk who escaped house arrest
President Zelenskyy posted on social media a photo of Viktor Medvedchuk with “A special operation was carried out thanks to the SBU. Well done! Details later. Glory to Ukraine!” Written underneath. Courtesy: Office of Presidency of Ukraine Ukraine President Volodymyr Zelenskyy on Tuesday announced the apparent capture of Viktor Medvedchuk, a pro-Kremlin politician who was […]
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Stocks making the biggest moves midday: Chipotle, PG&E, Marathon Oil and CarMax
A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares dipped more than 8% after reporting a beat on revenue but a miss on […]
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Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981
Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday. The consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the […]
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