Russia shutters its stock market as the ruble crashes
CNN
Russia's currency crashed to a record low against the US dollar Monday as the country's financial system reeled from crushing sanctions imposed by Western countries in response to the invasion of Ukraine.
The ruble lost more than 30% of its value to trade at 109 to the dollar at 2.30 a.m. ET after earlier plummeting as much as 40%. The start of trading on the Russian stock market was delayed, and then canceled entirely, according to a statement from the country's central bank.
The latest barrage of sanctions came Saturday, when the United States, the European Union, the United Kingdom and Canada said they would expel some Russian banks from SWIFT, a global financial messaging service, and "paralyze" the assets of Russia's central bank.
President-elect Donald Trump said on Tuesday he will direct the Department of Justice to “vigorously pursue the death penalty” after President Joe Biden on Monday commuted the death sentences of 37 federal inmates to life in prison.
Former President Bill Clinton was discharged from a hospital on Tuesday one day after being admitted for the flu, his office said.
While public anxieties have loomed over the Northeast amid possible drone sightings, one sighting will soon bring holiday cheer across the country: Santa Claus.
Prosecutors on Monday charged 33-year-old Sebastian Zapeta-Calil with first- and second-degree murder and first-degree arson in connection with the death of a woman who died after being set on fire in a New York City subway train a day earlier.
Some Democratic lawmakers are pressuring the Biden administration to take further action on student loans before President-elect Donald Trump takes office, including finalizing some debt forgiveness it already approved.
New Mexico prosecutors won’t pursue an appeal of a court’s decision to dismiss an involuntary manslaughter charge against Alec Baldwin in the fatal shooting on a cinematographer on the set of a Western movie, the Santa Fe district attorney’s office announced Monday.
One of the world’s most active volcanoes erupted on Monday after a three-month hiatus, spewing bright orange lava as high as 300 feet, according to the United States Geological Survey (USGS).
President Joe Biden’s announcement that he’s taking 37 people off federal death row resulted in praise from some families and deep disappointment from others.
One of Colombia’s legendary drug lords and a key operator of the Medellin cartel has been deported back to the South American country, after serving 25 years of a 30-year prison sentence in the United States.
Former President Bill Clinton was admitted Monday afternoon to Georgetown University Medical Center in Washington, DC, where he is undergoing testing and observation after developing a fever, his spokesman told CNN.
President Joe Biden announced Monday that he is taking 37 people off federal death row to serve out life sentences behind bars — a decision that leaves only three federal prisoners awaiting execution when President-elect Donald Trump takes office next month.