The US markets fell again on Thursday after diplomats from both Russia and Ukraine failed to agree to a cease fire. Investors were also spooked by rising inflation in the US, with CPI data out for February showing a rise of 7.9% year on year, its biggest annual rise since January 1982. Amazon shares rose 5.4% on Thursday after the e-commerce giants? board of directors approved a 20-for-1 stock split and a 10 billion US dollar stock buyback. The stock split will see investors receive 20 Amazon shares for every 1 they own in the company?s first stock split since 1999. A spotlight on Asana as shares in the web and mobile work management platform plummeted 22% on Thursday after the company reported fourth quarter results. Despite topping analysts? expectations for revenue and loss per share, investors sold out of Asana shares after the company issued a forecast for wider losses to come in the first quarter. Starbucks has joined the list of Western companies exiting Russia, announcing it will close all of its locations in Russia.
VIDEO: US markets fell as Ukraine & Russia failed to agree to a cease fire
Video Player is loading.