Crypto Thieves Get Bolder by the Heist, Stealing Record Amounts
Cryptocurrency hacks are getting bigger.
On Sunday, a hacker exploited a new algorithmic stablecoin project called Beanstalk and drained it of $182 million worth of digital assets.
Economic Impacts, Global Politics Limit Potential Actions Against Russia, Yellen Says
WASHINGTON-The U.S. and its allies are constrained in their efforts to reduce Russian energy revenue because of the risks posed to the global economy, while a push to remove Russia from international organizations like the Group of 20 major economies lacks international consensus, Treasury Secretary Janet Yellen said.
Ms. Yellen committed to providing an additional $500 million to help Ukraine pay general government expenses, adding to the roughly $500 million the U.S. already provided in nonmilitary aid to Ukraine. Ms. Yellen said the Biden administration soon would request more funds from Congress for the aid. President Biden outlined additional military aid on Thursday.
Democrats Urge Final Push on Stalled Agenda to Limit Possible Midterm Losses
Kim Jong Un Pauses Hostilities to Offer Warm Farewell to South Korean Leader
SEOUL-Kim Jong Un took a break from his regime's string of missile tests and threats to wish South Korea's outgoing president a warm goodbye.
Mr. Kim, North Korea's third-generation dictator, exchanged personal letters this week with South Korean President Moon Jae-in, whose five-year term ends next month. The left-leaning, pro-engagement Mr. Moon will be replaced by a conservative who backs a tougher stance against the Kim regime's provocations and human-rights violations.
Russia Says It Controls Mariupol, but Ukrainian Troops Hold Out in Steel Plant
KYIV, Ukraine-Russia said Thursday it had taken control of Mariupol, presenting it as one of its first victories in the conflict after weeks of setbacks, though Ukrainian forces were still blockaded inside a vast steel plant in the city and said they were continuing to launch attacks on Russian positions.
Defense Minister Sergei Shoigu said in a meeting at the Kremlin with President Vladimir Putin that Russian troops were in control of the strategic port city and that the Azovstal plant in the south where Ukrainian forces were holed up had been blocked off.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
Newmont 1Q
Economic Indicators (ET):
0830 Feb Retail Sales
0830 Mar Industrial Product, Raw Materials Price Indexes
Other News:
BOC's Tiff Macklem Says Central Bank Needs to Normalize Policy Quickly -- WSJ
The Bank of Canada needs to raise its benchmark interest rate closer to its neutral level, which is between 2% and 3%, on an expedited basis before pausing to see how the economy responds, Gov. Tiff Macklem said Thursday.
Mr. Macklem said central bank officials will be watching closely the impact that higher rates will have on domestic spending patterns, as they embark on an aggressive set of rate increases to get inflation -- which in March rose to a fresh three-decade high -- back to the Bank of Canada's 2% target.
Read the full article here.
Expected Major Events for Friday
00:30/JPN: Apr Japan Flash Manufacturing PMI
06:00/UK: Mar UK monthly retail sales figures
07:15/FRA: Apr France Flash PMI
07:30/GER: Apr Germany Flash PMI
08:30/UK: Apr Flash UK PMI
08:59/JPN: Feb Final Labour Survey - Earnings, Employment & Hours Worked
09:00/ITA: Feb Balance of Payments
12:30/CAN: Feb Retail trade
12:30/CAN: Mar Industrial product & raw materials price indexes
13:45/US: Apr US Flash Manufacturing PMI
13:45/US: Apr US Flash Services PMI
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Friday
AZZ Inc (AZZ) is expected to report $0.71 for 4Q.
Acme United (ACU) is expected to report $0.65 for 1Q.
American Express Co (AXP) is expected to report $2.40 for 1Q.
Ames National (ATLO) is expected to report for 1Q.
Bank of the James Financial Group Inc (BOTJ) is expected to report for 1Q.
Blade Air Mobility Inc (BLDE) is expected to report for 1Q.
Chino Commercial Bancorp (CCBC) is expected to report for 1Q.
Citizens Holding Co (CIZN) is expected to report for 1Q.
Cleveland-Cliffs Inc (CLF) is expected to report $1.70 for 1Q.
Community Financial Corp (TCFC) is expected to report $1.08 for 1Q.
First Hawaiian Inc (FHB) is expected to report $0.42 for 1Q.
Gentex Corp (GNTX) is expected to report $0.32 for 1Q.
HCA Healthcare Inc (HCA) is expected to report $4.32 for 1Q.
Kimberly-Clark Corp (KMB) is expected to report $1.19 for 1Q.
MetroCity Bankshares Inc (MCBS) is expected to report $0.67 for 1Q.
Newmont Corp (NEM) is expected to report $0.73 for 1Q.
Park National (PRK) is expected to report $1.93 for 1Q.
Peoples Financial Services Corp (PFIS) is expected to report $1.08 for 1Q.
Prudential Bancorp Inc (PBIP) is expected to report $0.20 for 2Q.
Regions Financial Corp (RF) is expected to report $0.47 for 1Q.
Schlumberger (SLB) is expected to report $0.33 for 1Q.
United Bankshares Inc (UBSI) is expected to report $0.60 for 1Q.
Verizon Communications (VZ) is expected to report $1.34 for 1Q.
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ANALYST RATINGS ACTIONS
Amer Campus Communities Cut to In-Line From Outperform by Evercore ISI Group
Amer Campus Communities Cut to Neutral From Buy by Citigroup
Bank First Raised to Overweight From Neutral by Piper Sandler
Berkshire Hills Bancorp Cut to Sell From Neutral by Compass Point
Carvana Cut to In-Line From Outperform by Evercore ISI Group
Chevron Cut to Sector Perform From Outperform by RBC Capital
CNX Resources Cut to Neutral From Overweight by Piper Sandler
Comerica Cut to Market Perform From Outperform by Raymond James
E2open Raised to Buy From Neutral by B of A Securities
Enovis Cut to Sector Weight From Overweight by Keybanc
Equifax Cut to In-Line From Outperform by Evercore ISI Group
Exxon Mobil Raised to Outperform From Sector Perform by RBC Capital
FTC Solar Cut to Underweight From Neutral by Piper Sandler
Fulton Fincl Raised to Overweight From Equal-Weight by Stephens & Co.
Harmonic Raised to Overweight From Equal-Weight by Barclays
M&T Bank Raised to Overweight From Underweight by Morgan Stanley
MarketAxess Raised to Neutral From Sell by Compass Point
Monarch Casino Cut to Hold From Buy by Jefferies
Monarch Casino Cut to Hold From Buy by Stifel
Netflix Cut to Hold From Buy by DZ Bank
Netflix Cut to Hold From Buy by Edward Jones
Netflix Cut to Hold From Buy by Loop Capital
NRG Energy Cut to Neutral From Buy by B of A Securities
PBF Energy Raised to Equal-Weight From Underweight by Wells Fargo
Range Resources Raised to Overweight From Neutral by Piper Sandler
Scotts Miracle-Gro Cut to Equal-Weight From Overweight by Barclays
Sleep Number Cut to Neutral From Overweight by Piper Sandler
State Street Raised to Buy From Hold by Argus Research
SW Energy Raised to Overweight From Neutral by Piper Sandler
Twitter Cut to Hold From Buy by Truist Securities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
04-22-22 0552ET
