Bloomberg Stocks tumbled around the globe as recession fears resurfaced, with the Federal Reserve struggling to get on top of inflation that has proved more persistent and widespread than officials anticipated. The S&P 500 closed at its lowest since December 2020, while the tech-heavy Nasdaq 100 sinks 4%. The deal spread on Elon Musk’s proposed takeover of Twitter Inc. ...

  Bloomberg The selloff in the digital-asset space accelerated, with losses in US equities also snowballing, a day after the Federal Reserve raised interest rates by the most in decades. Ether, down as much as 8.3% to trade around $1,080, is facing a tougher road than most. The native token for the Ethereum blockchain is on pace to decline for ...

  Bloomberg Russia’s oil-export revenues surged to around $20 billion in May despite shipping lower volumes, as a rally in global energy prices buoyed its coffers, according to the International Energy Agency (IEA). That’s a 11% increase from a month earlier, taking Russia’s total revenue for shipping crude and oil products roughly back to levels before the invasion of Ukraine, ...