Weekly Market Recap – January 27, 2023
Weekly Market Recap – January 27, 2023 On Monday, a massive grid failure of Pakistan’s aging power network created a nationwide outage; the entire population of 220 million people was without...
View ArticleWeekly Market Recap – February 3, 2023
Weekly Market Recap – February 3, 2023 Friday’s job data grabbed the headlines with the lowest US unemployment rate since 1969. Major central banks continue their efforts to combat inflation: the Bank...
View ArticleWeekly Market Recap – February 10, 2023
Weekly Market Recap – February 10, 2023 As the week progressed, news about the 7.8 earthquake that spanned the Turkey-Syria border grew worse daily; the death toll has exceeded 34,000. Another...
View ArticleWeekly Market Recap – February 17, 2023
Weekly Market Recap – February 17, 2023 The Congressional Budget Office issued its forecast on Wednesday for a $19 trillion debt increase by 2033. The rising costs stem from projected interest...
View ArticleWeekly Market Recap – February 24, 2023
Weekly Market Recap – February 24, 2023 President Biden made a surprise visit to Kyiv to meet with President Zelensky four days before the one-year anniversary of Russia’s invasion. Vladimir Putin...
View ArticleWeekly Market Recap – March 3, 2023
Weekly Market Recap – March 3, 2023 Mortgage rates in the US rose for the fourth consecutive week as inflation concerns remain. Currently, 6.6% is the average rate for a 30-year fixed mortgage, which...
View ArticleWeekly Market Recap – March 10, 2023
Weekly Market Recap – March 10, 2023 On Friday, the F.D.I.C. closed Silicon Valley Bank, seizing nearly $175 billion in deposits. This is the second-largest bank failure in U.S. history. President...
View ArticleWeekly Market Recap – March 17, 2023
Weekly Market Recap – March 17, 2023 On Tuesday, a Russian fighter jet struck a U.S. surveillance drone over the Black Sea. According to the Pentagon, the impact damaged the drone’s propeller, causing...
View ArticleWeekly Market Recap – March 24, 2023
Weekly Market Recap – March 24, 2023 After their Moscow summit, Vladimir Putin and Xi Jinping proclaimed economic cooperation, in what appears to be a strategy to secure their respective countries from...
View ArticleWeekly Market Recap – March 31, 2023
Weekly Market Recap – March 31, 2023 On Thursday, Donald Trump became the first former U.S. president indicted on criminal charges. Wall Street Journal reporter Evan Gershkovich was arrested in Russia...
View ArticleWeekly Market Recap – April 6, 2023
Weekly Market Recap – April 6, 2023 Finland officially joined NATO on Tuesday. Its 830-mile eastern border is the longest Russia now has with any NATO member. This more than doubles the total combined...
View ArticleWeekly Market Recap – April 14, 2023
Weekly Market Recap – April 14, 2023 The FBI arrested a 21-year-old member of the Massachusetts Air National Guard for leaking classified U.S. military and NATO documents on an online social media...
View ArticleWeekly Market Recap – April 21, 2023
Weekly Market Recap – April 21, 2023 In Sudan, the latest escalation of combat between rival military factions led to heavy shelling of the capital city, Khartoum. At our press time, a news brief of...
View ArticleWeekly Market Recap – April 28, 2023
Weekly Market Recap – April 28, 2023 President Biden announced his re-election bid to run on the 2024 Democratic ticket. First Republic Bank reported the loss of $100 billion in customer deposits since...
View ArticleWeekly Market Recap – May 5, 2023
Weekly Market Recap – May 5, 2023 First Republic Bank, the second-largest U.S. bank to fail, was seized on Monday by regulators, who then accepted a bid from JPMorgan Chase to acquire most of its...
View ArticleWeekly Market Recap – May 12, 2023
Weekly Market Recap – May 12, 2023 President Biden and Speaker of the U.S. House of Representatives Kevin McCarthy met for negotiations about the debt ceiling; they failed to reach a consensus amid the...
View ArticleWeekly Market Recap – May 19, 2023
Weekly Market Recap – May 19, 2023 Disney scuttled its plan for a $1billion office complex in Orlando that would have moved an entire division from California to Florida, bringing over 2,000 jobs to...
View ArticleWeekly Market Recap – May 26, 2023
Weekly Market Recap – May 26, 2023 As the clock kept ticking, the debt ceiling talks showed progress. At our press time, there is an agreement to raise the limit for two years while cutting and capping...
View ArticleWeekly Market Recap – June 2, 2023
Weekly Market Recap – June 2, 2023 Finally, after weeks of legislative stalemate, bipartisan negotiations on the debt ceiling broke the impasse. They pulled the U.S. back from the brink of an economic...
View ArticleWeekly Market Recap – June 9, 2023
Weekly Market Recap – June 9, 2023 Ukraine’s biggest dam, which functioned as a water reservoir and a hydroelectric power source, was blown up last week. Former president Donald Trump was indicted on...
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