U.S. agriculture companies have been brisk importers of Russian fertilizer since the 2022 Ukraine invasion, a practice that is unwittingly helping fund Russia's war against Ukraine, U.S. producer CF Industries said on Thursday. The U.S. does not impose sanctions directly on Russian fertilizer, which is important to global food supplies and prices. On Wednesday, the U.S. Treasury Department issued hundreds of fresh sanctions on other Russian targets over the war.
A gauge of global stocks climbed on Thursday after the Federal Reserve indicated it was keeping a dovish tilt, while the yen retreated after another suspected round of intervention by the Bank of Japan. On Wall Street, U.S. stocks gained slightly in early trading, after Fed Chair Jerome Powell said that while recent inflation readings mean it will likely take longer than expected for central bank officials to become comfortable that inflation will resume its decline, interest rate increases also remained unlikely. Markets have consistently scaled back the timing and amount of rate cuts this year from the Fed as inflation has proved to be sticky and the labor market remains on solid footing.
In Episode 4 of UFC 301 "Embedded," Jose Aldo and Alexandre Pantoja connect with Zico on the pitch.