Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

Ukraine's Former Energy Minister Charged With Money Laundering As 'Operation Midas' Expands Months after Ukraine was shaken by a sweeping corruption probe into state nuclear giant Energoatom, and subject of international embarrassment given it even touched Zelensky's office, former Energy Minister Herman Halushchenko has now been formally charged - after authorities detained him while he was allegedly attempting to leave the country. Halushchenko had been suspended by Zelensky in mid-November, when news of the scandal first hit global headlines. On Monday, Ukraine’s National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s...

More Nations Are Mulling Social Media Bans For Teens After Australia's first-of-its-kind social media ban for adolescents under the age of 16 came into effect in December, more countries in Europe and elsewhere are taking steps to implement their own restrictions. As Katharina Buchholz reports, according to Statista research, France and the United Kingdom have gotten furthest, with laws passing in one chamber each of the countries' bicameral legislatures as of early February. While the latter country is also aiming to ban social media for kids under the age of 16, France's...

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US...