- EuropeEU targets Russian oil, banks as Ukraine says Russian offensive intensifies, article with video
The European Union proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil embargo, as Kyiv said Moscow was intensifying an offensive in eastern Ukraine and close Russian ally Belarus announced large-scale army drills.
- Macro MattersFed expected to ramp up its inflation fight with big rate hike
The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S. central bankers intensify efforts to bring down high inflation.
- BusinessNasdaq, S&P 500 slide ahead of Fed decision, article with image
The S&P 500 and the Nasdaq slipped on Wednesday as growth stocks lost ground, while banks gained ahead of a Federal Reserve policy decision expected to result in the biggest interest rate hike since 2000.
- Autos & TransportationUber to Wall Street: We're not Lyft, article with image
- Macro MattersAnalysis: Consumer boom nearly over as Central Europe heads into "decade of peril"
War may be raging on their doorstep but Central Europe's economies are outpacing their euro zone peers as consumer spending booms. A reversal, however, could come as soon as this summer.
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- Healthcare & PharmaceuticalsModerna sees higher COVID vaccine sales later this year, article with image
- Autos & TransportationVolkswagen sticks to outlook as size offset supply chain woes, article with video