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In this photo provided by the New York Stock Exchange, trader Michael Capolino, right center, works on the floor, Friday, April 8, 2022. Treasury yields continued rising as traders get accustomed to the Federal Reserve's ongoing policy pivot to fighting inflation instead of stimulating the economy. (Courtney Crow/New York Stock Exchange via AP)

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Wall Street falls to first down week in four on rate worries
By DAMIAN J. TROISE AND STAN CHOE - AP Business Writers
Fri,04/08/22-1:53AM , 217 Reads
NEW YORK (AP) — Wall Street closed its first losing week in the last four with an up-and-down Friday, as investors brace for the Federal Reserve to tighten the brakes on the economy more aggressively to beat down inflation.
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Lael Brainard, President Joe Biden's nominee to be Vice Chair of the Federal Reserve, speaks during an event in the South Court Auditorium on the White House complex in Washington on Nov. 22, 2021. The Senate Banking Committee approved Brainard's nomination to serve as the Fed's vice chair on Wednesday, March 16, 2022. (AP Photo/Susan Walsh, File)

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Fed casting its inflation fight as battle against inequality
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,04/07/22-2:38PM , 248 Reads
WASHINGTON (AP) — As the Federal Reserve intensifies its efforts to tame high inflation, its top officials are casting their aggressive drive in a new light: As a blow against economic inequality.
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A refinery is illuminated in Gelsenkirchen, Germany, Tuesday evening, April 5, 2022. European governments were poised to ban on Russian coal imports despite the near-certainty of higher utility bills and inflation. But the limited energy sanction only underlined inability to agree on a much more sweeping ban on oil and gas that would hit Russia much harder but risk inflation and recession at home. (AP Photo/Martin Meissner, File)

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Europe agrees to ban Russian coal, but struggles on oil, gas
By THE ASSOCIATED PRESS
Thu,04/07/22-6:48AM , 138 Reads
The European Union nations have agreed to ban Russian coal in the first sanctions on the vital energy industry over the war in Ukraine, but it has underlined the 27 countries' inability to agree so far on a much more sweeping embargo on oil and natural gas that would hit Russia harder but risk
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Anastasia Vizavik holds one of her six children inside a bus at the city of Bashtanka, Mykolaiv district, Ukraine, on Thursday, April 7, 2022. Vizavik and her family are fleeing the town of Chernobaievka in Kherson province, which is occupied by the Russian forces. (AP Photo/Petros Giannakouris)

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Live Updates | Sanctions on Russia's shipbuilding, mining
By THE ASSOCIATED PRESS
Thu,04/07/22-1:10AM , 833 Reads
WASHINGTON — The Biden administration on Thursday announced it is levying sanctions against Russia’s largest military shipbuilding and diamond mining companies.

The move blocks their access to the U.S. financial system as the United States looks to exact more economic pain on President Vladimir Putin for the invasion of Ukraine.
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