US imposing ‘swift and severe costs’ on Russia following Putin’s Ukraine annexation

CNN  —  The US is imposing what it describes as “swift and severe costs” on Russia, including sanctions on a figure the Biden administration says is key to Russia’s economy, after President Vladimir Putin announced the annexation of regions of Ukraine following what the West casts as “sham referenda.” Putin signed documents on Friday to … Read more

Kabul, Afghanistan: At least 23 dead after suicide bomb blast at Kaaj educational center

Kabul, Afghanistan CNN  —  A suicide bomb attack on an education center in Kabul has killed at least 23 people, most of whom are believed to be young women, in the latest sign of the deteriorating security situation in the Afghan capital. The explosion took place on Friday at the Kaaj education center, in a … Read more

Kamala Harris visits DMZ amid tension over North Korean missile launch

CNN  —  US Vice President Kamala Harris visited the Demilitarized Zone that divides North and South Korea on Thursday, the last stop on her four-day trip to Asia. Harris condemned North Korea’s Kim Jong Un while standing on the heavily reinforced region, one day after Pyongyang fired two ballistic missiles into the waters off its … Read more

Why Iranian women are cutting their hair

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi, UAE CNN  —  A weeping Iranian woman is seen kneeling by her dead brother’s coffin as she slashes through her hair with a pair of … Read more

Here’s why one strategist says the consumer and related stocks might get a second wind

Welcome to intervention Wednesday. The Bank of England has halted, at least for now, soaring gilt yields via some temporary bond buying. Stock futures pared some losses, but are still in the red, with the S&P 500 SPX, -0.21% in the grips of its longest losing streak since February 2000. With the bad news seemingly … Read more

Russian forces have staged illegal ‘referendums’ in Ukraine. What comes next?

CNN  —  Pro-Russian authorities have held so-called referendums in four regions of Ukraine over recent days and, while the votes are illegal and have been universally dismissed as “a sham” by Ukraine and Western nations, there are fears that they could create a pretext for a new, dangerous stage in the war. They come with … Read more

Home buyers are backing out of contracts in the Sun Belt, especially in Las Vegas, Phoenix, Tampa and Texas

The tide has turned, and buyers are now backing out of deals in the Sun Belt as rates rise and home prices remain unaffordable. Once pandemic boomtowns, 15.2% of homes in cities in the Sun Belt that went under contract in August fell through, or roughly 64,000 homes nationwide saw deals dropped, a new report … Read more

Biden to host French President Macron at White House for first state visit

CNN  —  President Joe Biden will host his first state visit at the White House for French President Emmanuel Macron on December 1, the White House confirmed, marking the return of a tradition not seen since before the Covid-19 pandemic. “We’d like to announce that President Joe Biden and first lady Dr. Biden will host … Read more

Russian stocks tumble to their weakest level since 2017 amid reports of possible new sanctions

Russian stocks sank on Monday to levels not seen since 2017, weighed down by a global market selloff, threats of more sanctions and signs of continued unrest after last week’s partial mobilization. The MOEX, a closely watched benchmark of Russian stocks, fell as much as 10% on Monday and was last down around 6% to … Read more

U.S. stock futures dip, dollar rises as Italian election results add to uncertainty

U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. After falling nearly 200 points earlier in the session, Dow Jones Industrial Average futures YM00, -0.49% were down about 150 points, or 0.5%, around midnight Eastern, … Read more