Stocks sink while oil soars after US and allies consider banning Russian oil
CNN
Stocks are tumbling Monday as oil prices are soaring to the highest level in 13 years, raising fears about a further spike in inflation that could damage the global economy.
In Asia, Hong Kong's Hang Seng Index (HSI) sank as much as 5% in morning trading. It was last down 3.4%, on track to log its worst daily drop in seven months. Japan's Nikkei 225 (N225) tumbled 3.6%. South Korea's Kospi (KOSPI) dropped 2.5%. China's Shanghai Composite (SHCOMP) lost 1%.
On the US market, Dow futures fell 450 points, or 1.3%. S&P 500 and Nasdaq futures were down 1.6% and 2% respectively.
Public opinion on nearly every aspect of President Donald Trump’s first year back in the White House is negative, a new CNN poll conducted by SSRS finds, with a majority of Americans saying Trump is focused on the wrong priorities and doing too little to address cost of living.
Jacob Frey delivered a stern message one week ago to federal agents following the deadly shooting of a Minnesota woman who was protesting their efforts to round up immigrants in the state. “Get the f**k out of Minneapolis,” Frey said.
Tensions flared in Minneapolis again Thursday in the wake of a second shooting by a federal immigration officer in just one week, as President Donald Trump threatened to invoke a centuries-old law that would allow the deployment of US troops to Minnesota.
When Venezuela’s opposition leader María Corina Machado walked into the White House on Thursday, she came bearing the gift US President Donald Trump has long coveted: a Nobel Peace Prize.
Dolls, pencils, backyard chickens and ‘a piece of broccoli’: The Trump team’s awkward austerity talk
Amid the European debt crisis in the early 2010s, a Fox News pundit named Donald Trump warned about a backlash against leaders asking people to tighten their belts.
The longtime government contractor whose activity prompted the controversial search of a Washington Post reporter’s home acknowledged he mishandled classified information, prosecutors said, according to a court hearing transcript obtained by CNN.
President Donald Trump has been threatening to invoke the Insurrection Act for a very long time. Dating back to his first term, he has repeatedly floated the rarely invoked law, which gives a president extraordinary powers to dispatch the military to put down domestic unrest.
Haitian security forces on Wednesday bombed three houses belonging to top gang leader Jimmy “Barbecue” Cherizier, local outlet Gazette Haiti reported on Wednesday, after unverified footage showed a large explosion in the capital Port-au-Prince.
Depending on how the department chooses to implement the change, costs could range from $10 million to $125 million, the CBO said in a letter to two Democratic senators.
Tensions flare in Minneapolis after federal agent shoots and injures man who allegedly assaulted him
Law enforcement and demonstrators clashed last night near where a federal agent shot and injured a man after he allegedly assaulted the agent. The city is reeling over last week’s fatal shooting by an ICE agent of Renee Good sparked nationwide protests. Follow for live news updates.
President Donald Trump seems to be running out of ways to assure everyone that he’s dead-serious about taking over Greenland.
Three-quarters of Americans say they oppose the US attempting to take control of Greenland, according to a new CNN poll conducted by SSRS, indicating that President Donald Trump’s push to expand America’s territory faces stiff headwinds with the public.
As millions of Venezuelans wait to see what will become of their economically and politically ravaged country, a battle has emerged between two female leaders for control over the nation’s future – and for the American president’s favor.