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Ukraine Faces Deepening Power Shortages After Russian Strikes

A resident shows a journalist where a Russian drone struck the roof of an apartment building, depriving its residents of water, heat and electricity, in Kyiv. Ukraine is confronting one of its most severe energy shortfalls since the start of the full‑scale invasion, with the country currently able to supply only about 60% of its electricity needs. A new wave of Russian missile and drone attacks has heavily damaged power plants and transmission infrastructure across multiple regions, pushing the grid to the brink. Officials report that nearly every major power‑generating facility has been hit in recent weeks. Cities such as Kyiv, Kharkiv, Odesa, and Dnipro have experienced rolling blackouts, leaving millions of residents coping with limited heating, lighting, and communications during the winter season. Ukraine’s government has warned that the situation remains extremely challenging. Engineers are working around the clock to repair damaged facilities, but repeated strikes have slowed...
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Wall Street Edges Down as Retail Earnings Take Center Stage



Wall Street is poised slightly lower, anticipating a week dominated by earnings reports from major retailers. Here are the key highlights:

  1. Market Outlook:

    • Futures for the S&P 500 and the Dow Jones Industrial Average have dipped approximately 0.1% before the opening bell.
    • Investors keenly await earnings data, which serves as a crucial indicator for the trajectory of the U.S. and global economies.

  2. Noteworthy Developments:

    • Domino’s, the pizza delivery giant, has surged by 6.5% pre-market after surpassing Wall Street’s sales and profit expectations.
    • Zoom, the video conferencing company, is set to report its earnings later today.
    • Amazon.com officially joins the prestigious Dow Jones industrials, replacing Walgreens Boots Alliance.
    • Uber Technologies Inc. will replace JetBlue Airways Corp. on the Dow Jones Transportation Average, enhancing the index’s tracking of the ride-sharing sector.

  3. Upcoming Retail Earnings:

    • Keep an eye on quarterly financial results from major retailers:
      • Lowe’s: The home improvement retailer.
      • Dollar Tree: The discount retailer.
      • Macy’s: The department store chain.
      • Best Buy: The electronics retailer.

  4. Economic Data:

    • Expect updates on consumer confidence, inflation, and the pace of growth in the U.S. during the October-December quarter.
    • The Federal Reserve’s efforts to manage inflation remain in focus, with expectations of a rate cut in June instead of March.

  5. Global Markets:

    • In Europe, France’s CAC 40 slipped 0.4%, Germany’s DAX edged 0.1% higher, and Britain’s FTSE 100 declined 0.3%.
    • The Nikkei 225 in Tokyo gained 0.4%, reaching 39,233.71.

Stay tuned for a week of market movements driven by earnings revelations and economic indicators. 

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