Wars

Automakers are halting or shifting manufacturing in response to Russia's invasion of Ukraine.

Two Chinese state-owned banks will restrict financing for Russian commodity purchases, suggesting limits to Beijing's support as the Kremlin confronts economic sanctions over its attack of Ukraine.

European Union officials are preparing a third round of sanctions against Russia over the attack on Ukraine, including freezing the European assets of Russian President Vladimir Putin and Foreign Minister Sergey Lavrov, according to media reports.

Russia plans to impose sanctions on Western nations as retaliation for the financial penalties and sanctions put on Russia. Moscow has prepared counteractions to hit the "weak" spots of the West.

Republican lawmakers are pushing President Biden to take a tougher stance against Russia, urging the White House to impose even stricter financial sanctions on Moscow.

President Biden said Thursday the U.S. is working with other countries on a coordinated oil release from the global petroleum reserve in the coming days in a bid to tamp down rising gasoline prices.

The U.S. government is on high alert for signs of Russian cyberattacks against banks and other financial institutions after Moscow launched a wide-ranging attack on Ukraine on Thursday, eliciting harsh sanctions from the international community.

U.S. inflation is already at the highest level in four decades. The worsening Ukraine-Russia crisis could push it even higher.

United Kingdom Prime Minister Boris Johnson said that the West must end its dependence on Russian oil in an address reacting to the Russian war on Ukraine.

The rapidly escalating tensions between Ukraine and Russia have cast fresh uncertainty on the Federal Reserve's policy outlook and could force central bank officials to take a more nimble approach as they begin raising interest rates for the first time in three years.

An armed clash between Ukraine and Russia, coupled with punishing sanctions for Moscow, could push U.S. stocks toward another major loss, according to Goldman Sachs economists.

Larry Kudlow slammed Biden's handling of the Afghanistan crisis amid the Taliban takeover in his "Kudlow" monologue on Wednesday.