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Russian flagship missile cruiser ‘seriously damaged’ after blast in Black Sea
Russia will seek peace or leave the international arena forever: Zelenskyy Ukrainian President Volodymyr Zelenskiy speaks during an address where he says that Russian forces could use chemical weapons in Ukraine, in Kyiv, Ukraine, April 11, 2022 in this still image taken from video. Ukrainian Presidential Press Service | via Reuters In his latest nightly […]
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Stock futures are little changed ahead of major bank earnings Thursday
Stock futures were little changed Wednesday evening as investors awaited quarterly earnings results from the biggest U.S. banks. Futures tied to the Dow Jones Industrial Average inched lower by 0.04%. S&P 500 futures and Nasdaq 100 futures slipped 0.08% and 0.04%, respectively. In regular trading the Dow advanced about 344 points, or 1%. The S&P […]
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Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead
Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve Governor Christopher Waller said Wednesday. That means the central bank likely will hike short-term rates by half a percentage point, or 50 basis points, at its meeting in […]
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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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