Weekly Market Recap – June 10, 2022 In a move to mitigate soaring inflation, the European Central bank will raise interest rates in July. The quarter-percentage-point increase will be ECB’s first rate increase since 2011. The U.S. is ending COVID-19 testing requirements for air travelers entering the country, starting on Sunday. The U.S. Department of

Weekly Market Recap – June 3, 2022 An OPEC Plus announcement on Thursday that the organization will increase crude oil production delivered a surprise: the volume of the increase was more than analysts had anticipated. Starting in July, the net rise in output by member countries will be 648,000 barrels per day. The additional barrels

Weekly Market Recap – May 27, 2022 Tuesday was the three-month mark since Russia invaded Ukraine. As the week came to a close, the White House reported that Russia is expected to default on its debt. The due date for Moscow’s $100 million bond payment was Friday. All eyes were on the inflation indicators on

Weekly Market Recap – May 20, 2022 The U.S. is now seeing more than 100,000 COVID-19 cases per day for the first time in months; cases are up 52% and hospitalizations are up 31% in the past two weeks. On Wednesday, President Biden invoked the Defense Production Act to expedite the production of baby formula

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 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 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 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 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 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