Bloomberg US inflation-adjusted consumer spending advanced by more than expected in January, highlighting the resilience of American demand despite a surge in Covid-19 cases and prices rising by triple the Federal Reserve’s target. Purchases of goods and services, adjusted for changes in prices, increased 1.5% from December, the most in 10 months, according to Commerce Department figures Friday. The personal ...

  Bloomberg US equity futures dropped as the Ukraine conflict and Western sanctions on Russia muddied the outlook for markets and the global economic recovery. Crude prices steadied after briefly halting a rally. Contacts on the S&P 500 were down about 0.3% after paring earlier declines of more than 1%. Oil fluctuated, with benchmark West Texas Intermediate flipping to a ...

Bloomberg The ruble and stocks paused their historic slump as Western sanctions on Russia appeared less severe than some had expected. The benchmark MOEX index was up 15% after losing as much as 45% the day before in the wake of Russia’s attack on Ukraine. The ruble gained 2.1% against the dollar after sinking to a record low. Still, new ...