Mahoney Asset Management CEO Ken Mahoney in International Business Times

Russian-Ukraine War, Inflation Pressure Wall Street—Is The Worst Over?

The Russia-Ukraine war is beginning to put pressure on Wall Street, as American corporations, one after the other, are leaving Russia. That would undoubtedly hit the top and the bottom line of these companies, at least in the short run.

Then there are worries about Russia defaulting on its debt, leaving foreign bondholders holding the bag. And there’s anxiety over inflation, which is already running above 7% in recent months.

Read more here.