Ukraine
Biden calls on Congress to ‘immediately’ pass major Ukraine aid package before new Covid funding
U.S. President Joe Biden delivers remarks during a Rose Garden event at the White House in Washington, May 9, 2022. Kevin Lamarque | Reuters President Joe Biden urged Congress on Monday to quickly approve a multibillion-dollar aid package for Ukraine before trying to pass a new round of Covid-19 funding, warning that U.S. aid for […]
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European markets close down 2.8% as travel, tech stocks lead losses; oil prices fall 5%
LONDON — European stocks on Monday fell to two-month lows as global investors fled risk assets en masse due to fears over inflation. The pan-European Stoxx 600 provisionally ended down 2.8%, hitting its lowest level since Mar. 8. Travel and tech shares led the losses, down 5.8% and 4.8% respectively, as all sectors and major […]
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Hungary’s Orban — a longtime Putin ally — stalls Europe’s Russian oil embargo
Hungary Prime Minister Viktor Orban — a longtime ally of Russian President Vladimir Putin — has said that ending Russian oil purchases would be an “atomic bomb” on Hungary’s economy. Attila Kisbenedek | Afp | Getty Images The European Union is struggling to approve a sixth round of sanctions against Russia with a few nations […]
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Putin blames the West for Ukraine war in ‘Victory Day’ speech
Russian President Vladimir Putin is seen on the screen as he delivers a speech during 77th anniversary of the Victory Day in Red Square in Moscow, Russia on May 09, 2022. Anadolu Agency | Anadolu Agency | Getty Images President Vladimir Putin on Monday tried to defend Russia’s unprovoked invasion of Ukraine in his annual […]
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Putin attempts to justify Ukraine invasion at Victory Day parade in Moscow. Follow our live updates
Putin claims the West was ‘preparing for the invasion of our land’ Russian honour guards march on Red Square during the Victory Day military parade in central Moscow on May 9, 2022. Kirill Kudryavtsev | Afp | Getty Images Russia’s President Vladimir Putin has attempted to justify his unpreceded invasion of Ukraine on “Victory Day” […]
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Kevin O’Leary says there are plenty of good places to ‘hide’ as interest rates rise
As interest rates in the U.S. rise, investors can put their money to work by looking at companies in the S&P 500 that can “increase their prices” and “maintain margins,” Kevin O’Leary told CNBC. “There’s plenty of them. That’s a good place to hide when you’re getting a 2% dividend yield,” the celebrity investor said […]
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Finland, Sweden need to move now on NATO while Putin is preoccupied with Ukraine, former secretary general says
SALZBURG, Austria — Finland and Sweden need to join the North Atlantic Treaty Organization (NATO) now while Russia’s Putin is focused on Ukraine, the alliance’s former chief told CNBC. The two Nordic countries have been considering joining NATO in the wake of Russia’s unprovoked invasion of Ukraine. Becoming NATO members would represent a sharp U-turn […]
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Diesel fuel is in short supply as prices surge — Here’s what that means for inflation
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Diesel prices are surging, contributing to inflationary headwinds due to the fuel’s vital role in the American and global economy. Tankers, trains, trucks and […]
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All-out war on Ukraine? Putin could be gearing up for something big on May 9
Russian military vehicles rehearse ahead of Russia’s ‘Victory Day’ military parade marking the 77th anniversary of the victory over Nazi Germany in World War II, at Red Square in Moscow, Russia on May 4, 2022. Anadolu Agency | Anadolu Agency | Getty Images As Russia approaches one of the most significant days in its calendar, […]
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Tech companies racked up over $17 billion in losses on equity investments in the first quarter
An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon The tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine. For some tech leaders, the market swoon has created […]
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