Jan 29, 2018

Russia accuses U.S. of meddling in presidential election

Photo: Mikhail Svetlov / Getty Images

A forthcoming Treasury report on the close ties between Russian oligarchs and Russian President Vladimir Putin has been branded a "direct and obvious attempt to influence [March's Russian presidential] elections" by Putin's spokesman, per the BBC. The report was part of last year's package of sanctions against Russia, designed to "name and shame" members of Putin's inner circle in retaliation for Russia's interference in the 2016 election.

Why it matters: The report won't pose any political problems for Putin, who will win reelection handily in March, but it could create other structural issues for his regime. The report is expected to out the corrupt sources of income for some of his biggest — and richest — supporters and could, in turn, prompt additional economic sanctions from the U.S. against prominent Russian individuals.

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A busy week for IPOs despite upheaval from protests and pandemic

Illustration: Eniola Odetunde/Axios

This week is expected to be the busiest for U.S. IPOs since February, with Warner Music leading a group of four companies that could raise over $3 billion.

Why it matters: This shouldn't be happening, under any traditional rubric for how markets work.

How Big Tech has responded to the protests

A protester holds a sign in downtown Minneapolis to protest the death of George Floyd on May 31. Photo: Stephen Maturen/Getty Images

An explosive weekend in America sent Silicon Valley grasping for moral clarity. While many companies and executives spoke out against racial inequities, critics and even some of the rank-and-file found some of the companies' responses lacking.

Why it matters: Tech companies have giant platforms, and their leaders have become public figures, many of them household names. History will record their words and actions — which, in the case of platforms like Facebook, Twitter and YouTube, directly shape the bounds of public discourse.

Pandemic and protests can't stop the stock market

Traders work on the floor of the NYSE. Photo: Spencer Platt/Getty Images.

United States equities were on pace to open higher Monday following big gains in Asia and Europe and a risk-on bid in currency markets.

Why it matters: Stock markets could continue to rise despite an unprecedented global pandemic, violent protests over police violence in the U.S. not seen since the 1960s, and spiking tensions between the world's two largest economies.