Dow Drops Over 800 Points; S&P 500 Falls Into Bear-Market Territory:

The stock-market selloff deepened Monday, with the S&P 500 entering a bear market, as investors took another look at Friday’s red-hot inflation data and liked it even less. Faced with rising chances of aggressive monetary tightening by the Federal Reserve, investors broadly unloaded risk. The S&P 500 slumped 3.9% as 495 of its 500 components … Read more

Bipartisan crypto regulatory overhaul would treat most digital assets as commodities under CFTC oversight

Sens. Kirsten Gillibrand and Cynthia Lummis introduced the first major bipartisan legislation aimed at taming the “Wild West” crypto market on Tuesday that would classify digital assets as commodities like wheat or oil and empower the Commodity Futures Trading Commission to rein in the nascent industry. Gillibrand, a Democrat from New York who sits on … Read more

Tough new sanctions on Russian oil could change the OPEC + dynamic:

OPEC + is expected to stick to its current production agreement for now, but behind the scenes the oil-producing nations could be planning for the day when Russia’s contribution to world oil supply could be far reduced. The European Union’s move to ban most Russian oil and put new sanctions on shipping insurance could seriously … Read more

Tough new sanctions on Russian oil could change the OPEC + dynamic:

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina |: Reuters: OPEC + is expected to stick to its current production agreement for now, but behind the scenes the oil producing nations could be planning for the day when … Read more

Fuel prices are a problem for business and consumers – Why costs are so high:

A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan |: China News Service |: Getty Images: The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as billboards announce that gas now costs $ 4, or $ 5, … Read more

Fuel is a problem for business and consumers – Why prices are so high:

A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan |: China News Service |: Getty Images: The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now costs $ 4, or $ … Read more

Dow Slides More Than 1,000 Points as Investors Reassess Fed Comments:

US stocks fell sharply, led by technology and other growth stocks, as investors assessed the implications of the Federal Reserve’s most aggressive tightening of monetary policy in more than two decades. The S&P 500 dropped 3.7% as losses accelerated in midday trading Thursday. The tech-focused Nasdaq Composite Index fell 4.9%, and the Dow Jones Industrial … Read more