(Bloomberg) — The speculative darlings of the easy-money era — technology stocks and cryptocurrencies — are acutely vulnerable now that the Federal Reserve is shrinking its nearly $9 trillion balance sheet. Read More
KYIV — Ukraine said on Saturday it had recaptured a swathe of the battlefield city of Sievierodonetsk, where intense fighting continued, in a rare counter-offensive against Russia’s main assault force that had been steadily advancing in the east. Read More
WASHINGTON — U.S. Treasury Secretary Janet Yellen on Saturday said she never pushed for cuts to President Joe Biden’s $1.9 trillion American Rescue Plan, rebutting a media report in which a biographer was quoted as saying she favored scaling it back to avoid inflation. Read More
Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker’s total headcount will increase over the next 12 months, but the number of salaried staff should be little changed, backtracking from an email just two days ago saying that job cuts of 10% were needed. Read More
ABIDJAN — Ivorian economist Jean-Claude Brou, president of West Africa’s main political bloc, has been nominated by Ivory Coast President Alassane Ouattara to be governor of the regional central bank, a source familiar with the matter said. Read More
(Bloomberg) — Investors should buy “dull” companies that generate steady cash flows as stock markets face growing headwinds from inflation and a potential economic slowdown, according to the chief executive officer of Causeway Capital Management. Read More
LIMA — Peru’s Cabinet met on Friday to try and find a truce to the ongoing conflict that has paralyzed operations at MMG Ltd’s Las Bambas copper mine, but ministers left in the afternoon without announcing a decision. Read More
NEW YORK — Frontier Group Holdings Inc has agreed to offer a break-up fee in a bid to secure its $2.9 billion acquisition of Spirit Airlines Inc, people familiar with the matter said on Thursday. Read More