Ride-hailing app Lyft suffers a bumpy ride with a quarter of the company’s value wiped off in extended trade. The Federal Reserve is expected to hike rates by 50bps amid surging inflation and a tight labour market. Billionaire investor Paul Tudor Jones says the central bank’s governors are in “uncharted waters”. Natural gas is up ahead of an expected sixth round of sanctions by the EU on Moscow. This time an oil embargo is potentially on the table. Tesla CEO Elon Musk warns that some commercial and government bodies may be required to pay to use Twitter under his ownership.

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