Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

White House unveils a monthlong focus on the economy as prices rise and poll numbers fall

CNN — Facing rising prices and deep vote dissatisfaction, the White House this week is launching a month-long effort to signal heavy focus on the economy as inflation worries become the top concern for the White House before this fall’s midterm elections. It’s not the first time President Joe Biden and his aides have sought … Read more

Bank of England hikes interest rates in bid to fight soaring inflation

BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. In a widely expected move, policymakers at … Read more

Olaf Scholz says West must keep Russia guessing on sanctions

German Chancellor Olaf Scholz on Saturday rejected calls from Ukraine’s president to sanction Russia now, saying that Moscow should not be sure “exactly” how the West will respond to a potential invasion. Speaking to CNBC’s Hadley Gamble at Germany’s annual Munich Security Conference, Scholz said that Western allies were “well prepared” to sanction Russia — … Read more

5 things to know before the stock market opens Tuesday, February 15

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures jump on Russian troop pullback claims Trader on the floor of the NYSE, Feb. 10, 2022. Source: NYSE Dow and S&P 500 futures jumped more than 1% and Nasdaq futures surged roughly 2% on Tuesday … Read more

5 things to know before the stock market opens Monday, February 14

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures steady after comments from Russia’s top diplomat Traders on the floor of the NYSE, Feb. 11, 2022. Source: NYSE US stock futures wiped out sharp earlier losses and turned briefly positive to start the new week … Read more