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Stock market news live updates: Stocks extend losses to cap worst quarter in 2 years

Stocks fell Thursday to close out a turbulent quarter in the red as investors weighed a decision by President Joe Biden to carry out the largest oil release ever from the country's strategic petroleum reserve in an effort to mitigate spiking energy prices.[Click here to read what's moving markets heading into Friday, April 1]The S&P…

Biden Invokes Cold War Statute to Boost Critical Mineral Supply

Economy|Biden Invokes Cold War Statute to Boost Critical Mineral Supplyhttps://www.nytimes.com/2022/03/31/business/economy/biden-minerals-defense-production-act.htmlThe action aims to enhance American production of crucial materials for electric vehicles, defense systems and other technologies.Wheel loaders filling trucks with ore at the MP Materials rare earth mine in Mountain Pass, Calif.Credit...Steve Marcus/ReutersMarch 31, 2022Updated 5:17 p.m. ETWASHINGTON — President Biden took steps on…

Live updates: Goldman Sachs shuts down its Russia business

The latest developments on the Russia-Ukraine war:NEW YORK — Goldman Sachs says it is closing its operations in Russia entirely, making it the first major Wall Street bank to do so since Russia invaded Ukraine.Goldman’s announcement comes after Citigroup said it would start winding down its Russia operations. But that process will likely take longer…

Yield-hungry investors rush into mining stocks

Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news Digital Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full…

Braves World Series run paid dividends for arch rival, too

Jun 29, 2021; Philadelphia, Pennsylvania, USA; Philadelphia Phillies manager Joe Girardi (25) in a game against the Miami Marlins at Citizens Bank Park. Mandatory Credit: Bill Streicher-USA TODAY Sports When the Atlanta Braves took Shea Langeliers on a whirlwind World Series run, they inadvertently helped the Philadelphia Phillies land their own prospect.With a much slower…