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Oil Prices Fuel Russia's War as Inflation Persists Despite Job Gains and Tentative Deal to End Hollywood Strike

  • Oil prices have risen, making gas more expensive and helping fund Russia's war in Ukraine.

  • The US job market has remained strong despite high inflation and interest rate hikes.

  • Hollywood writers reached a tentative deal to end their strike, raising hopes the shutdown of filming could end.

  • Amazon is investing up to $4 billion in AI startup Anthropic as Big Tech races to lead in AI.

  • The European Central Bank says interest rates will stay high to fight inflation despite economic weakness.

qz.com
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