– Ford Motor Co said on Tuesday that, given Russia’s invasion of Ukraine, it has informed joint venture partner Sollers it is immediately suspending operations in Russia until further notice. …
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– Nike Inc has made merchandise purchases on its website and app unavailable in Russia as it cannot guarantee delivery of goods to customers in the country, an update on …
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Financial News
Nordstrom shares jump after retailer projects strong full-year results
by Reutersby Reuters-Nordstrom Inc forecast full-year revenue and profit above estimates on Tuesday, signaling strong demand for its upscale apparel and footwear as Americans resume normal life, and driving its shares up …
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Financial News
Oil prices surge over 7% as global crude reserve release disappoints
by Reutersby ReutersBy Scott DiSavino NEW YORK -Oil prices surged over 7% on Tuesday to their highest since 2014, as a global agreement to release crude reserves failed to calm fears about …
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Financial News
Oil surges above $100 a barrel, stocks slide on Ukraine conflict
by Reutersby ReutersBy Herbert Lash and Marc Jones NEW YORK/LONDON -Oil shot back above $100 a barrel and U.S. and German government debt rallied on Tuesday as fears increased over the impact …
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Financial News
U.S. officials applaud Mexico for assuring ‘fair and safe’ union vote at auto parts plant
by Reutersby ReutersWASHINGTON – U.S. Trade Representative Katherine Tai and Labor Secretary Marty Walsh on Tuesday lauded Mexico’s efforts to assure a “fair and safe” union vote at the Tridonex auto parts …
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Financial News
Yellen tells EU’s Dombrovskis ‘further strong measures’ needed on Russia -Treasury
by Reutersby ReutersWASHINGTON – U.S. Treasury Secretary Janet Yellen on Tuesday told European Commission Executive Vice President Valdis Dombrovskis that cooperation was needed on “further strong measures” in response to Russia’s invasion …
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Featured NewsFinancial News
Euro falls to lowest since June 2020 as Russia’s invasion of Ukraine picks up
by Reutersby ReutersBy Caroline Valetkevitch NEW YORK – The euro hit its lowest level against the U.S. dollar since June 2020 on Tuesday and the Russian rouble was down in volatile trading …
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Financial News
Facebook whistleblower to attend Biden’s State of the Union address -White House
by Reutersby ReutersWASHINGTON -Facebook whistleblower Frances Haugen plans to attend U.S. President Joe Biden’s first State of the Union address to Congress on Tuesday night, the White House said, as it seeks …
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Financial News
Russian oil trade in disarray over sanctions as prices blast through $100/bbl
by Reutersby ReutersBy Ron Bousso, Julia Payne and Dmitry Zhdannikov LONDON – Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched …
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By Yuka Obayashi and Noah Browning TOKYO – The United States and other member states of the International Energy Agency (IEA) on Tuesday agreed to release 60 million barrels of …
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Financial News
Global risks cloud Fed’s policy pivot as Powell heads to Congress
by Reutersby ReutersBy Howard Schneider – The Federal Reserve’s plan to end the loose money policies used to fight the coronavirus pandemic is facing an unexpectedly early test as the Russian invasion …
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Financial News
Exclusive-World Bank pushes for $350 million Ukraine loan approval within days -sources
by Reutersby ReutersBy David Lawder WASHINGTON -The World Bank is pushing for “fast-track” approval of an additional $350 million loan for Ukraine within days, to provide emergency cash for its efforts to …
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-Apple Inc said on Tuesday it has paused all product sales in Russia in response to the Russian invasion of Ukraine. “We are deeply concerned about the Russian invasion of …
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Financial News
Google drops RT, other Russian state media from its news features
by Reutersby ReutersBy Paresh Dave OAKLAND, Calif. -Alphabet Inc’s Google confirmed on Tuesday that it had removed Russian state-funded publishers such as RT from its news-related features, including the Google News search …
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US and World News
Analysis-Russian ransomware attacks on Ukraine muted by leaks, insurance woes
by Reutersby ReutersBy James Pearson and Raphael Satter LONDON/WASHINGTON – Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialise amid disarray among …
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Breaking NewsCentral Jersey NewsFeatured NewsGovernment NewsNew Jersey NewsOcean County News
Commissioner Ginny Haines Sacks Ocean County Administrator Carl Block
by Phil Stiltonby Phil StiltonTOMS RIVER, NJ – It’s the end of the road for longtime George Gilmore associate Carl Block at the Ocean County Administration Building this week. Earlier, Block, the Ocean County …
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By William Schomberg and David Milliken LONDON -Bank of England policymaker Michael Saunders said Russia’s invasion of Ukraine is likely to push Britain’s soaring inflation higher, but that it is …
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Financial News
Entities from ‘unfriendly countries’ will need Russia’s permission for certain deals
by Reutersby ReutersMOSCOW – Deals with securities or real estate, or provision of rouble loans involving entities from countries unfriendly to Russia will require special authorisation from March 2, the Kremlin said …
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Financial News
Canada’s Nutrien eyes prolonged global fertilizer disruption from invasion of Ukraine
by Reutersby ReutersBy Rod Nickel WINNIPEG, Manitoba -Canada’s Nutrien Ltd, the world’s biggest fertilizer producer, said on Tuesday that Russia’s invasion of Ukraine could result in prolonged disruptions to the global supply …
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Financial News
Malaysian financier said he discussed 1MDB probe with Trump allies -testimony
by Reutersby ReutersBy Luc Cohen NEW YORK – A fugitive Malaysian financier said he won support from allies of former U.S. President Donald Trump for a possible settlement of a probe into …
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-General Motors Co said on Tuesday it sold its stake in electric vehicle startup Lordstown Motors Corp. GM spokesman Jim Cain said the Detroit automaker sold its 7.5 million shares …
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Financial News
Analysis-Getting rid of Russian assets a big problem for U.S. fund managers
by Reutersby ReutersBy John McCrank and Davide Barbuscia NEW YORK – U.S. investors holding Russian assets are finding themselves in an increasingly difficult position on working out how to ditch them. The …
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– Trustees of the New York City police pension fund voted on Tuesday to divest Russian company securities, supporting a resolution brought by city Comptroller Brad Lander, his office said. …
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Financial News
Analysis-Ukraine war won’t deter Fed and Co. from March rate hikes
by Reutersby ReutersBy Dhara Ranasinghe, Sujata Rao and Saikat Chatterjee LONDON – The U.S. Federal Reserve and some of its major central banking peers will press ahead with lifting interest rates this …