The West closes in on Russia's last lifeline

The United States and Europe have pummeled Russia with unprecedented sanctions over the past several weeks as Vladimir Putin's army bears down on Ukraine. But the West has largely left Russia's largest export untouched: energy.

News: What you need to know about the markets     The West closes in on Russia's last lifeline The United States and Europe have pummeled Russia with unprecedented sanctions over the past several weeks as Vladimir Putin's army bears down on Ukraine. But the West has largely left Russia's largest export untouched: energy. Read more »   Shell won't buy any more Russian oil and gas Russia is finding it ever harder to sell its oil and gas. Read more »   McDonald's is shutting down its Russian restaurants McDonald's is temporarily closing its locations in Russia. Read more »   Record gas prices feel like a slap in the face. And there's more to come As the world barrels into Year Three of the pandemic, Americans are entering a new phase or economic anxiety — an inescapable reality that shouts out at them in big bold numbers on countless signs dotting the nation's roadsides. Read more »   Better, after firing 900 employees over Zoom, is laying off 3,000 more workers Better.com, the embattled online mortgage company, announced Tuesday that it's taking the "difficult step of streamlining" its operations and laying off about one-third of its workforce, amounting to roughly 3,000 jobs. Read more »   How Russia's war could knock out Europe's economy Stagflation strikes fear into the hearts of economists — and policymakers —the world over. Europe could be headed for something even worse. Read more »

Dow Nasdaq S&P -184.74   -35.41   -30.39 32,632.64   12,795.55   4,170.70 -0.56%   -0.28%   -0.72% YTD -10.20%   YTD -18.21%   YTD -12.49%

Biggest Winners Quanta Services Inc +8.17%   Valero Energy Corp +7.77%   Schlumberger NV +7.08%   Epam Systems Inc +6.84% Biggest Losers Conagra Brands Inc -8.22%   Brown & Brown Inc -7.70%   Campbell Soup Co -7.07%   Church & Dwight Co Inc -6.28%

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Key Market Stats Latest Today's Change Oil $124.51 +5.11 / +4.28% Gold $2,058.10 +62.20 / +3.12% 10-yr 1.87% +0.12 Euro $1.09 +0.00 / +0.32%

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