“Operation Cookie Monster” part of law enforcement crackdown on digital crime.

Wall Street saw a renewed flight-to-safety bid, with stocks dropping and bonds rallying after softer economic data revived fears that a recession could be in store.

Rising interest rates have brought down several lenders that made bad bets, but the worldwide banking system is in generally good shape, Royal Bank of Canada Chief Executive Officer Dave McKay said.

Gold edged slightly higher, hovering above $2,000 an ounce with traders assessing the Federal Reserve’s interest-rate path following weaker-than-expected economic data from the US.

The US summoned Russia’s ambassador to Washington to the State Department last week, a department spokesperson said, as the Biden administration pressures Moscow over the arrest and detention of Wall Street Journal reporter Evan Gershkovich on espionage charges.

Oil’s biggest rally this year halted as US stockpile draws failed to quell concerns about demand in an uncertain economy.