Tag results for: Business

Oil prices soared on Tuesday and investors shifted more money into ultra-safe US government bonds as Russia stepped up its war on Ukraine. Stocks fell following a volatile day for major indexes as investors tried to measure how the conflict will impact the global economy. The S&P 500 index fell 0.7 percent as of 10:14 am Eastern. The Dow Jones Industrial...

SpaceX's Starlink satellites have now been deployed over Ukraine with more on the way, according to the company's billionaire CEO Elon Musk, after a call for help from the country's vice prime minister on Saturday. Mykhailo Fedorov, who is also Ukraine's Minister of Digital Transformation, tweeted Musk requesting that SpaceX switch on its Starlink broadband satellites to supplement the country's...

Russia is ramping up efforts to control the narrative over its invasion of Ukraine online and over the airwaves. Tech giants, however, are fighting back. Facebook's owner Meta and Alphabet Inc's Google have both put restrictions on Russia's state-controlled media outlets in Ukraine and around the world. On Friday, Russia said it would partially restrict Facebook, a move Meta said...

Wall Street capped a turbulent week of trading Friday with a broad rally for stocks as relief flowed through the market, even as deadly attacks raged in Ukraine. Oil fell and investors turned away from gold and other traditional havens they favor when fear is high. The S&P 500 climbed 2.2% and notched its first weekly gain in three weeks....

Global oil and gas giant Shell said Monday that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise. Shell announced its intention to exit its joint ventures with Russia’s state-owned energy giant Gazprom and related entities, including a 27.5% stake in a key liquefied...