Walmart saved millions from elder gift card scams

A gift card display stands at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Technology developed by Walmart helped the retail giant identify and freeze nearly $4 million in gift cards that had been bought by thousands of primarily elderly victims at the direction of con artists who … Read more

5 things to know before the stock market opens Monday, April 4

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks higher but key Treasury spreads remain inverted Traders on the floor of the NYSE, March 31, 2022. Source: NYSE US stock futures rose modestly Monday, with the tech-heavy Nasdaq looking the strongest. Twitter shares … Read more

Myocarditis risk higher after Covid infection than vaccination, CDC finds

A healthcare worker administers a Covid-19 test in San Francisco, California, on Monday, Jan. 10, 2022. David Paul Morris | Bloomberg | Getty Images People infected with Covid-19 face a higher risk of myocarditis and other inflammatory heart conditions than those vaccinated against the disease, according to a large study published by the Centers for … Read more

Millions of Brits plunged into ‘fuel poverty’ as energy bills surge

A protester holds a ‘Save Us From The Energy Crisis’ placard during a rally in London. British households face soaring energy bills from April 1 as the country’s energy price cap rises by 54%. Vuk Valcic | Sopa Pictures | light rocket | Getty Images The number of English households in fuel poverty will double … Read more

Euro zone inflation: March 2022 ECB policy

Christine Lagarde, President of the European Central Bank. Daniel Roland | dpa | Getty Images The cost of living hit another record high in the euro zone last month, raising further questions about how the European Central Bank can stabilize such rapidly rising consumer prices. Headline inflation came in at 7.5% for March on an … Read more

Dow down more than 300 points, US stocks edge lower on last day of S&P 500’s first losing quarter in 2 years

US stocks fell Thursday afternoon to cap a quarter in which Federal Reserve monetary tightening and the Russian invasion of Ukraine have weighed on sentiment and has put the S&P 500 on track for its first quarterly loss in two years. How are stock indexes peforming? The Dow Jones Industrial Average DJIA, -1.56% fell 336 … Read more

Tumultuous month for markets with Russia-Ukraine war

LONDON — European stocks were mixed on the last trading day of March, a month marked by global geopolitical and economic uncertainty after Russia’s invasion of Ukraine. The pan-European Stoxx 600 hovered around the flatline in early trade, but was on course to eke out a monthly gain for March. Media stocks added 0.5% while … Read more

Biden considering releasing 1 million barrels per day from strategic reserves

A plan being considered involves releasing around 1 million barrels per day from the Strategic Petroleum Reserve for the coming months, a person familiar with the deliberations says. The announcement could come as soon as Thursday, when Biden is scheduled to deliver remarks from the White House on gas prices. Biden earlier in the month … Read more

Biden could invoke Defense Production Act for critical minerals as soon as this week

Doing so would add critical minerals such as lithium, nickel, graphite, cobalt and manganese to the list of items covered by the 1950 Defense Production Act, a law enacted amid the Korean War that allows the president to use emergency authority to make large orders of a certain type of product or expand productive capacity … Read more

Biden gets his 2nd booster shot and urges Congress to spend more on pandemic: ‘We can’t wait’

“This isn’t partisan, it’s medicine,” Biden said in a speech from the White House while urging Congress to act “immediately.” The President said without the new funding, the US will not be able to sustain its current testing capacity beyond June and that by the fall it will not have enough vaccine supply to provide … Read more