Markets Close Lower as Ukraine War Looms Over Inflation
U S stocks finish the week with broad losses led by the Nasdaq and Dow while the S&P 500 slides 1.3 percent. Oil prices surge with Brent and WTI up over 3 percent as investors weigh sanctions, growth, and Fed rate plans amid the Ukraine conflict. Petrobras raises fuel prices amid rising inflation.
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Judge sets 2023 bribery trial date for Ohio ex speaker
Federal judge in Cincinnati set January 2023 for former Ohio House speaker Larry Householder to stand trial on a 2 1/2 year racketeering conspiracy tied to a $60 million bribery scheme aimed at securing a $1 billion bailout for two Ohio nuclear plants run by a FirstEnergy subsidiary. Jury selection begins January 20 with trial January 23.
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