Russia

The next round of sanctions from the White House targets banks and export controls, which would cut Russia off from critical technology such as semiconductors.

Oil surged past triple-digit prices for the first time since 2014. The breach of the psychologically significant milestone is bound to reinforce fears about inflation.

There are a couple of reasons why experts think the price of gas is currently higher than the same time last year.

The former president lauded the Russian strongman for his recent declarations on Ukraine, while criticizing U.S. President Biden as "man that has no concept of what he's doing."

The president called Russia's recognition of two Ukrainian regions a "flagrant violation of international law" and announced sanctions targeting Russia's ability to do business with the West.

Russia's action was universally condemned in an emergency U.N. Security Council meeting, which concluded with no action taken.

Biden has agreed to meet with the Russian leader "in principle" if Russia does not invade Ukraine, the White House said, but Russia appears to be pursuing plans for a "full-scale assault" very soon.

In a brief address, President Biden said reports of Russian troops moving from Ukraine's border would be good news, but the U.S. had not verified it.

A senior U.S. military official said something was detected in recent days that sharply heightened concern that an invasion is coming.

"That's a world war — when Americans and Russians start shooting at one another, we're in a very different world than we've ever been in," President Biden said.