The foundations on which Vladimir Putin built his 15 years in charge of Russia are giving way. The meltdown of the ruble, which weakened to a record low this week, is endangering the mantra of stability around which Putin has based his rule.
Stocks in Europe rallied Thursday, following U.S. markets higher, as investors welcomed the message from the Federal Reserve that it will be patient in deciding when next to raise interest rates.
New York state will ban hydraulic fracturing after a long-awaited report concluded that the oil and gas extraction method poses health risks, Governor Andrew Cuomo's administration said on Wednesday.
Average gas prices nationally have dropped to $2.53 a gallon from $2.89 a month ago and $3.23 a year ago. This suggests that inflation remained subdued in December and may remain modest in the coming months.
FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices.