By Devik Jain and Bansari Mayur Kamdar (Reuters) -U.S. stock indexes plunged on Monday, with the S&P 500 on course to confirm a correction as the prospect of a Russian attack on Ukraine posed as a double whammy for investors already worried about aggressive monetary policy tightening by the Federal Reserve. A correction is confirmed…
BRUSSELS (AP) — As the United States grapples with the 5G rollout affecting airlines, a European Union watchdog warned on Monday the EU faces much bigger economic and security threats unless member countries step up cooperation. The alarm bells are included in a special report on the 27-nation bloc’s preparations for 5G, the fifth and…
NEW YORK (AP) — Anyone who’s bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy. And, with surging oil prices keeping gasoline high, so has anyone who’s filled up a car. Energy costs have been one of the main drivers…
By Tom Wilson and Karen Brettell LONDON/NEW YORK (Reuters) – Bitcoin tumbled to its lowest level in six months on Monday as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off. The largest cryptocurrency was last down 5.4% at $34,310 after earlier dropping to $32,951, its lowest price since July…
By Herbert Lash and Sujata Rao NEW YORK/LONDON (Reuters) -The dollar rose to a two-week high on Monday against a basket of currencies, lifted by rising geopolitical risk over Ukraine and a likely hawkish stance from the Federal Reserve at its policy meeting this week. Markets until recently had mostly shrugged off the massing of…
GENEVA (AP) — The World Health Organization’s director-general on Monday warned that conditions remain ideal for more coronavirus variants to emerge and it’s dangerous to assume omicron is the last one or that “we are in the endgame.” But Tedros Adhanom Ghebreyesus said the acute phase of the pandemic could still end this year if…
WASHINGTON (AP) — With inflation punishing consumers and threatening the economy, the Federal Reserve this week will likely signal its intent to begin raising interest rates in March for the first time in three years. The Fed’s challenges will get only harder from there. Among the central bank officials, there is broad support for a…
NEW YORK (Reuters) – The U.S. Federal Reserve could resort to outright asset sales to reduce its balance sheet as part of plans to fight unabated inflation, a Credit Suisse analyst said in a report. The Fed’s balance sheet roughly doubled in size during the pandemic to nearly $9 trillion, as it snapped up bonds…
By Devik Jain and Bansari Mayur Kamdar (Reuters) – U.S. stock indexes dropped on Monday, with the S&P 500 on course to confirm a correction as the prospect of a Russian attack on Ukraine posed as a double whammy for investors already worried about aggressive policy tightening by the Federal Reserve. A correction is confirmed…
BOSTON (AP) — The internet watchdog Citizen Lab has been remarkably effective in calling to account governments and private sector firms that use information technology to put people in peril. Its digital sleuths at the University of Toronto’s Munk School of Global Affairs are best known for exposing abusive targeted espionage, particularly through the use…
