News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
Sanctions are often unpredictable in their consequences.
Businesses run by U.S. or European firms could be turned over to Russian or Chinese operators.
A supplier to the automaker shut down its computer network in response to a hack.
A newly revamped store in Washington shows how thoroughly Amazon has woven itself into the grocery shopping experience.
The White House wants crypto exchanges to block sanctioned individuals. Binance, Coinbase, Kraken, and KuCoin refuse to blanket ban Russians.
Powell will have to convince Congress the Fed is doing more to combat inflation at a time when the markets think it will be doing less.
Serhii Plokhy, Professor of Ukrainian History at Harvard University, recommends books to better understand the conflict, from an introductory work by an eminent historian to the latest work of some of Ukraine's leading novelists.