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Massive Russian Strikes Cripple Ukraine’s Power Grid Ahead of Peace Talks

An employee works at a thermal power plant damaged by multiple Russian missile strikes, in an undisclosed location in Ukraine. Russian forces launched a sweeping overnight assault on Ukraine’s energy network, striking multiple regions just hours before planned peace discussions. The barrage targeted major cities including Kyiv and Kharkiv, damaging power stations and transmission lines that millions rely on for heat and electricity during freezing winter conditions. Ukrainian officials reported widespread outages, with emergency crews working through the night to stabilize the grid. Residential areas were also hit, leaving civilians injured and prompting renewed concerns about the humanitarian toll of the conflict. The timing of the strikes has drawn sharp criticism from Ukrainian leaders, who argue the attacks are intended to undermine the upcoming negotiations and pressure Kyiv at the bargaining table. Despite the escalation, both sides are still expected to attend the talks, thou...
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Wall Street Celebrates Record Highs for Stocks as Two of the Three Major Indexes Hit New Peaks


Wall Street Celebrates Record Highs for Stocks as Two of the Three Major Indexes Hit New Peaks

Wall Street is celebrating as two of the three major indexes hit new peaks. The S&P 500 climbed 1.2% to a record high of 4,839, eclipsing its previous peak of 4,796, set more than two years ago on January 3, 2022. Meanwhile, the Dow Jones Industrial Average rose 1.1% to end the week at 37,863. The tech-heavy Nasdaq Composite had to settle for a 1.9% jump to a two-year high of 15,310.

The stock market has returned to form in recent weeks, capping multiple record highs. With inflation cooling, investors are anticipating the Federal Reserve will be able to end its interest rate hiking campaign sooner rather than later, creating a more friendly environment for corporations. Rob Swanke, senior equity strategist for Commonwealth Financial Network, explained that stock market valuations have been rising in recent months as investors factor in the prospect of lower borrowing costs and improved earnings expectations. He also argued that “there’s still room to move higher,” given that valuations are below their 2022 levels.


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