China is providing crucial support for Russia’s aggression in Ukraine and could end the war with a phone call, US Ambassador to NATO Matthew Whitaker said.
Wall Street got a degree of relief as relatively tame inflation data spurred bigger bets on Federal Reserve rate cuts, with bond yields falling and stocks rising at the end of a wild week for markets. Bitcoin jumped 5%.
Oil headed for the first back-to-back weekly drop this year as traders weighed the prospect of expanded OPEC+ supplies against US-Iran nuclear talks and recent weakness in wider markets.
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