Weekly Market Recap
Weekly Market Recap – May 13, 2022
Weekly Market Recap – May 13, 2022 On Thursday, Finland pledged to join NATO, a move prompted by Russia’s February invasion of Ukraine. In a 368 to 57 vote, the House passed a bill to provide Ukraine an additional $40 billion in military and humanitarian aid; it now awaits a vote in the Senate. Bitcoin
Weekly Market Recap – May 6, 2022
Weekly Market Recap – May 6, 2022 The Fed announced a 0.5% interest rate increase, the largest increase in the federal-funds benchmark since 2000, as the central bank continues efforts to combat inflation. The water level in Lake Mead, which provides water to the states of Arizona, California, and Nevada, has dropped to its lowest
Weekly Market Recap – April 29, 2022
Weekly Market Recap – April 29, 2022 President Biden asked Congress to authorize $33 billion for weapons as well as economic and humanitarian aid for Ukraine. According to the U.N., more than 5.4 million refugees have fled Ukraine since the fighting began. The CDC reported that COVID-19 has caused more than 990,000 deaths in the
Weekly Market Recap – April 22, 2022
Weekly Market Recap – April 22, 2022 Russia has proclaimed the fall of Mariupol; the Pentagon is sending Ukraine an additional $800 million in military aid for the second time in two weeks. As of Friday, the outcome of France’s election runoff between incumbent president Emmanuel Macron and challenger Marine Le Pen was too close
Weekly Market Recap – April 14, 2022
Weekly Market Recap – April 14, 2022 Vladimir Putin called the peace talks a “dead end” as his military heightened its focus on Ukraine’s eastern Donbas region. Russia’s flagship cruiser, the Moskva, sank in the Black Sea; Ukraine claimed that its missiles had struck the vessel, while Russia alleged it was an accidental ammunition fire.
Weekly Market Recap – April 8, 2022
Weekly Market Recap – April 8, 2022 Western nations continued their efforts to exert economic pressure against Russia: the E.U. approved a ban on Russian coal, and the U.S. moved to prohibit Russia’s energy sales to the American markets. The U.N. voted to suspend Russia from the Human Rights Council due to evidence of atrocities
Weekly Market Recap – April 1, 2022
Weekly Market Recap – April 1, 2022 Russia increased attacks in Ukraine, despite ongoing peace talks, as the war entered its sixth week. U.S. COVID-19 deaths are now fewer than 800 per day, the lowest daily average since mid-August; the nation’s total death toll from the virus has surpassed 975,000. The FDA has authorized second
Weekly Market Recap – March 25, 2022
Weekly Market Recap – March 25, 2022 The Russian invasion of Ukraine has now become the largest European conflict in the last 75 years. On Wednesday, President Biden traveled to Brussels to attend the strategy summit with more than 30 NATO members. The alliance addressed several critical issues surrounding the crisis: increased refugee aid, new
Weekly Market Recap – March 18, 2022
Weekly Market Recap – March 18, 2022 As the humanitarian crisis in Ukraine worsens, Russian airstrikes occurred within 11 miles of Poland’s border, where NATO forces are stationed on high alert. A 7.4 magnitude earthquake struck off Japan’s coast near Fukushima on Wednesday night, affecting the eastern part of the country, including Tokyo. The Omicron
Weekly Market Recap – March 11, 2022
Weekly Market Recap – March 11, 2022 More than 300 international companies have ceased or scaled back operations in Russia in an effort to put pressure on President Putin by using sanctions and other economic penalties. The sectors represented range from finance to energy, media, food, transportation, tech, and consumer services. According to the U.N.,