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Stocks fall, inflation jumps 7.9%, gas hits new high: LIVE UPDATES

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Stocks fall as inflation stokes investor concerns along with Russia, Ukraine


U.S. stocks closed down but off the worst levels of the day, gold ticked up in a safe-haven play.

Posted by FOX Business Team

Maryland governor to suspend state's gas tax

Posted by FOX Business Team
Breaking News

MLB reaches deal with players, ending lockout

Posted by FOX Business Team

Disney pulls more business from Russia

Statement from The Walt Disney Company spokesperson:

“Last week, after Russia’s unprovoked invasion of Ukraine, we announced that we were pausing the release of theatrical films in Russia and reviewing the rest of our businesses there.

Given the unrelenting assault on Ukraine and the escalating humanitarian crisis, we are taking steps to pause all other businesses in Russia. This includes content and product licensing, Disney Cruise Line activities, National Geographic magazine and tours, local content productions and linear channels.

Some of those business activities we can and will pause immediately. Others—such as linear channels and some content and product licensing—will take time given contractual complexities.

Even as we pause these businesses, we remain committed to our dedicated colleagues in Russia, who will remain employed. And we continue to work with our NGO partners to provide urgent aid and other much-needed assistance to refugees.”

Posted by FOX Business Team

Sony's PlayStation suspending Russia software, hardware shipments

Sony  has joined the growing list of companies taking action against Russia following its invasion of Ukraine

In a statement shared by PlayStation's Twitter account, Sony Entertainment Interactive called for peace in Ukraine and said it would be suspending all software and hardware shipments to Russia, as well as the launch of Gran Turismo 7 and the operation of its PlayStation Store in the country. 

Posted by FOX Business Team
Developing Story

Gold crosses back above $2,000


Gold, a safe haven amid Russia-Ukraine uncertainty and a hedge to inflation, rising.

Posted by FOX Business Team
Breaking News

U.S. sink after hot inflation data


U.S. stocks fell in early trading after the CPI Index jumped 7.9% a 40-year high.

Posted by FOX Business Team

Stock futures fall ahead of key inflation reading

U.S. equity futures traded lower Thursday morning, ahead of the release of a key inflation report. Soaring U.S. inflation is expected to continue its surge with no sign of relief in sight, as the costs of consumer goods like gasoline and household items climb to new heights. Continue reading

Posted by Ken Martin
Breaking News

Gas prices hit new high

The average price for a gallon of gasoline in the U.S. hit a new record high on Thursday, jumping 6 cents from the day before to $4.318 according to the latest numbers from AAA.

The previous record was $4.252, set on Wednesday March 9, 2022. 

Posted by Ken Martin

Oil rises as market looks at how to fill supply gap

The price of oil resumed its move higher on Thursday morning after a sharp drop on Wednesday. The market is examining whether major producers will raise supply in an attempt to help plug the output lost from Russia due to sanctions for its invasion of Ukraine. Continue reading

Posted by Ken Martin

Bitcoin pulls back to around $39,000 following Wednesday surge

Bitcoin was trading around $39,000 Thursday morning, giving back some gains picked up Wednesday. Bitcoin remains down more than 9% year-to-date. Continue reading

Posted by Ken Martin

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