Nightly Business Report

Crude is losing steam after President Biden officially announced a ban on Russian oil imports. We’ll look at why analysts still think prices will have to stay around these levels – or higher – for quite some time. Plus, the crisis in Ukraine is complicating matters for the Fed and it’s rate hike strategy. We’ll ask the man who called for 7 hikes this year if he’s sticking to that forecast. And, Apple is kicking off its latest product event, and we’re expecting a host of new gadgets – including a lower cost iPhone. We’ll bring you all the details.