By Lewis Krauskopf, Devik Jain and Sabahatjahan Contractor – Major U.S. stock indexes stumbled on Friday as tech and growth shares led a broad decline and investors worried about the …
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Department of Justice Press Releases
Leader of Dark Web Drug Trafficking Operation Sentenced to Eight Years in Prison and 59 Bitcoin in Forfeiture
by DOJ Pressby DOJ PressBOSTON – The leader and organizer of a highly sophisticated drug trafficking operation was sentenced yesterday in federal court in Boston for manufacturing and distributing a multitude of controlled substances …
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Financial News
Yellen says gas tax cut among options to ease higher costs at the pump
by Reutersby ReutersBy David Lawder DENVER – A U.S. gasoline tax cut is among the options being considered to provide relief to consumers, U.S. Treasury Secretary Janet Yellen said on Friday, adding …
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Financial News
Yellen: COVID-19 aid funds will help U.S. withstand Ukraine war economic turmoil
by Reutersby ReutersBy David Lawder DENVER -U.S. Treasury Secretary Janet Yellen said on Friday the U.S. economy is better prepared to weather economic turbulence from Russia’s invasion of Ukraine because of the …
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Financial News
Berkshire Hathaway nominates Wally Weitz to fill open board seat
by Reutersby Reuters– Warren Buffett’s Berkshire Hathaway Inc on Friday said it has nominated Wally Weitz, the founder of Weitz Investment Management, to join its board of directors following the resignation of …
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By Marc Jones LONDON – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default looming, more emergency central bank …
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By Elizabeth Dilts Marshall NEW YORK – World shares slid on Friday, pressured by uncertainty about the conflict in Ukraine and expectations the Federal Reserve will hike U.S. interest rates …
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By Marc Jones LONDON – The cost of Russia’s invasion of Ukraine will become a lot clearer this week, with a previously unthinkable sovereign default looming, more emergency central bank …
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Financial News
Berkshire rejects shareholder call to replace Warren Buffett as chairman
by Reutersby ReutersBy Jonathan Stempel – Berkshire Hathaway Inc on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle …
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Financial News
Uber to roll out fuel surcharge in United States amid high gas prices
by Reutersby Reuters– Uber Technologies Inc said on Friday U.S. customers, excluding New York City, will have to pay a fuel surcharge from March 16 as the ride-hailing firm tries to address …
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Department of Justice Press Releases
Woodbridge Money Launderer Sentenced for his Role in a Romance Fraud Scheme
by DOJ Pressby DOJ PressALEXANDRIA, Va. – A Woodbridge man was sentenced today to 21 months in prison for engaging in financial transactions with illegal proceeds as part of a romance fraud scheme against …
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Department of Justice Press Releases
Member of Cuban Credit Card Skimming Crew Sentenced to Prison
by DOJ Pressby DOJ PressNORFOLK, Va. – A Cuban man was sentenced today to 37 months in prison for conspiracy to commit bank fraud. According to court documents, Denis Monsibaez Diaz, 38, and other …
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Department of Justice Press Releases
Charlotte Man Is Sentenced To 11 ½ Years For Robbing A Metro T-Mobile Store At Gunpoint
by DOJ Pressby DOJ PressCHARLOTTE, N.C. – Today, U.S. District Judge Robert J. Conrad Jr. sentenced Joseph Antwan Faulk, 37, of Charlotte, to 138 months in prison and three years of supervised release for …
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Financial News
Increased mining supply pushing Peruvian currency higher -cenbank
by Reutersby ReutersLIMA – A greater supply of dollars from the mining sector in Peru – the world’s No. 2 copper producer – is pushing up the local sol currency, which has …
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– The Russian rouble edged up against the dollar in thin on- and offshore trading on Friday, but ended a third week of hefty losses, with the central bank now …
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Financial News
Speculators’ net long bets on U.S. dollar edge higher -CFTC, Reuters
by Reutersby ReutersBy Saqib Iqbal Ahmed NEW YORK – Speculators’ net long bets on the U.S. dollar edged higher in the latest week, according to calculations by Reuters and U.S. Commodity Futures …
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Financial News
Dollar hits five-year high vs yen, euro sags amid Ukraine uncertainty
by Reutersby ReutersBy John McCrank and Joice Alves New York -The dollar rose on Friday, notching a five-year high against the safe-haven yen, while commodity-linked currencies slumped after Russian President Vladimir Putin …
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By Shariq Khan BENGALURU -Oil prices settled higher on Friday but posted their steepest weekly decline since November, as traders assessed potential improvements to the supply outlook that has been …
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LONDON -Britain’s London Stock Exchange Group said on Friday it is suspending all products and services for all customers in Russia, days after suspending the distribution of news and commentary …
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Financial News
U.S., G7 allies to move to strip Russia of ‘most favored nation’ status – sources
by Reutersby ReutersBy Steve Holland and Andrea Shalal WASHINGTON – The United States, together with the Group of Seven nations and the European Union, will move on Friday to revoke Russia’s “most …
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By Francis Kokoroko and Cooper Inveen ACCRA – Blazing heat radiated from the wood-fired oven of the Bethel Brothers Bakery in Ghana’s capital Accra, as a dozen men hastily shaped …
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Financial News
Volkswagen warns of risks from Ukraine crisis as operating profit doubles
by Reutersby ReutersBy Christoph Steitz and Tom Sims FRANKFURT -Volkswagen AG, Europe’s top carmaker, doubled its operating profit in 2021 but warned that Russia’s invasion of Ukraine and its impact on supply …
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Financial News
U.S. DOJ extends monitor of Deutsche Bank for late reporting of DWS allegations
by Reutersby ReutersFRANKFURT – Deutsche Bank on Friday disclosed that it had agreed with the U.S. Department of Justice to extend the stay of a special monitor after it failed to report …
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By Richa Naidu and Aby Jose Koilparambil -Camel and Lucky Strike cigarette maker British American Tobacco Plc said on Friday it would exit Russia and cut its fiscal 2022 guidance …
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Financial News
Exclusive-Sri Lanka to start talks with IMF as economic crisis worsens – sources
by Reutersby ReutersBy Uditha Jayasinghe and Devjyot Ghoshal COLOMBO -Sri Lanka will begin talks with the International Monetary Fund (IMF) next month on a plan to help the crisis-hit country, where a …