EU targets Big Tech with sweeping new antitrust rules

Executive Vice President of the European Commission for a Europe Fit for the Digital Age Margrethe Vestager. Thierry Monasse | Getty ImagesNews | Getty Images The European Union agreed on landmark new antitrust regulations that could reshape the business models of US technology giants Meta, Apple, Amazon and Google dramatically. The rules are expected to … Read more

5 things to know before the stock market opens Wednesday, March 23

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures drop, a day after Wall Street had resumed its upswing Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters 2. Moderna … Read more

Why would Russia use the Kinzhal in Ukraine?

A MiG-31K fighter jet with a Kinzhal hypersonic missile flies over Moscow’s Red Square during the Victory Day military parade in 2018. Sefa Karacan | Anadolu Agency | Getty Images Russia’s purported use of hypersonic missiles in Ukraine in recent days is not only a sign that the military could be resorting to using more … Read more

Russia-Ukraine war updates for March 18, 2022

Zelenskyy calls for talks with Russia, says it’s time to restore Ukraine’s territorial integrity Ukrainian President Volodymyr Zelenskyy makes a speech on evaluation the 22nd day of the Russia-Ukraine war during virtually addressing in Kyiv, Ukraine on March 17, 2022. Anadolu Agency | Getty Images Ukrainian President Volodymyr Zelenskyy has urged Russia to come to the table for … Read more

Here’s what Chinese state media is saying ahead of Xi’s call with Biden

Chess pieces are seen in front of displayed China’s and US flags in this illustration taken January 25, 2022. Given Ruvic | Reuters BEIJING — While Chinese state media have tacked away from primarily pro-Russian coverage of the war in Ukraine, one of the consistent messages remains: Blame the US Chinese President Xi Jinping and … Read more

Stocks Open Lower After Rally on Fed Rate Rise

US stocks and government bond yields edged down after the Federal Reserve raised interest rates for the first time since 2018 and oil soared as the market’s focus returned to the Ukraine war. The S&P 500 declined 0.4% in early trading, after the broad-market index closed more than 2% higher on the past two consecutive … Read more

Stocks Close Sharply Higher As Fed Raises Interest Rates

US stocks rocketed higher in a volatile session and bond yields jumped to the highest level in almost three years after the Federal Reserve officially said it would raise interest rates for the first time since 2018. Major indexes rallied at the open, wall their gains after the Fed announcement and then raced to finish … Read more

How much can — and will — China help Russia as its economy crumbles?

Russia’s President Vladimir Putin (R) shakes hands with his China’s counterpart Xi Jinping during a signing ceremony following the Russian-Chinese talks on the sidelines of the Eastern Economic Forum in Vladivostok on September 11, 2018. Sergei Chriikov | AFP | Getty Images Sanctions, asset freezes and withdrawals of international companies are hammering the Russian economy … Read more