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Stocks slip as Wall Street braces for big hike in rates

NEW YORK (AP) — Stocks are slipping in shaky trading on Wall Street Wednesday after a highly anticipated report on inflation turned out to be even worse than expected. The S&P 500 was 0.3% lower after tumbling as much as 1.6% earlier in the morning. The Dow Jones Industrial Average was...

US, allies aim to cap Russian oil prices to hinder invasion

WASHINGTON (AP) — With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine while also stopping the price of oil and gasoline from soaring to levels that could crush the global economy....

Ukraine reports striking Russian ammunition depot in south

KYIV, Ukraine (AP) — Ukrainian authorities said Tuesday that their forces targeted a Russian ammunition depot in southern Ukraine with overnight, resulting in a massive explosion captured on social media. The Ukrainian military’s southern command said a rocket strike targeted the depot...

Ukraine official says Russia strikes 'absolute terrorism'

KHARKIV, Ukraine (AP) — Russian missile strikes early Monday on Ukraine's second-largest city killed at least three people and injured scores, including children, the local administrator said, describing the attacks in Kharkiv as “absolute terrorism.” Kharkiv regional Gov. Oleh...