KYIV, Ukraine—Russian forces were pushing to encircle two cities in eastern Ukraine on Wednesday, part of an all-out assault to take control of the Donbas area, which is making progress but at a cost for Moscow. Fighting was centered around two cities on either side of the Siverskyi Donets River, Severodonetsk and Lysychansk. The two … Read more
Several European stock markets suffered a “flash crash” on Monday morning following sell orders by Citigroup Inc., according to people familiar with the matter. Trading was halted momentarily in several markets after major stock indexes plunged for a few minutes just before 10 a.m. Central European time. Stocks in the Nordic region were hit the … Read more
WASHINGTON—The Biden administration plans to temporarily allow high-ethanol content gasoline to be sold in the hot summer months in a bid to tame high fuel prices at the pumpaccording to senior administration officials. The decision will allow gasoline with 15% ethanol to be sold between June 1 and Sept. 15. Normally only a 10% ethanol … Read more
Oil prices jumped, while global stocks and U.S. futures fell, after Russian President Vladimir Putin ordered troops into two breakaway areas of Ukraine, bringing fears of all-out war to their highest level so far. U.S. stock futures fell, putting indexes on course for losses when markets reopen following the Presidents Day holiday. Futures on the … Read more