Western Sanctions Bite Russian Economy, but Pose Unpredictable Risks

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Despite short-term recession and long-term harm, Russia’s behavior may not change, and Western governments face complex potential repercussions. The conventional wisdom until last week was that sanctions had limited influence on a nation state, especially one as large as Russia. That wisdom may need to be revisited. The sanctions leveled at Russia for its invasion […]

Russian Forces Close In on Ukraine’s Capital as Kyiv Prepares to Fight

UKRAINE-RUSSIA-CONFLICT

First American News LLC-Raleigh, NC: Russian forces closed in on Kyiv, attacking by land and air on Friday, while Ukrainian soldiers and civilians dug in to defend the capital. Ukraine’s president vowed not to surrender. Moscow signaled an openness to talks with Kyiv. But shortly after, Russian President Vladimir Putin excoriated Ukrainian counterpart Volodymyr Zelensky, […]

S&P 500 Falls Into Correction Territory as Russian Troops Enter Ukraine Region

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First American News LLC-Raleigh, NC: All three major stock indexes fell at least 1% after the White House called Russia’s deployment of troops into two breakaway areas of Ukraine “the beginning of an invasion.” Tensions escalated Monday after Russia moved soldiers into Ukraine’s eastern Donbas region, where Russian President Vladimir Putin has recognized two statelets […]

How Vladimir Putin Keeps Everyone On Their Toes

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First American News LLC, Raleigh, NC: As the Ukraine crisis deepens, three Bloomberg Opinion columnists unpack the Russian president’s motivations. The standoff between Russia and the West is growing ever more fraught, with knuckles whitening on both sides amid the buildup of troops and weapons along Ukraine’s eastern borders. Get WSJ and Barrons News Bundle […]

IMF Urges El Salvador to Ditch Bitcoin’s Legal Tender Status

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First American News LLC, Raleigh NC: After adopting bitcoin as the national currency, Central American country plans to issue bonds backed by bitcoin as negotiations with the IMF stall. The International Monetary Fund urged El Salvador to strip bitcoin of its status as legal tender because of its large risks to financial stability, the latest […]

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