If you have been paying attention to the news recently, you may have been informed about a growing strike in states such as Michigan and Ohio known as the “Auto Worker’s Strike” or “UAW Strike,” and wonder, “what is all of this about?”
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On Valentine’s Day, the Fed announced that the current Vice Chair of the Federal Reserve Board, Lael Brainard, would be stepping down from the central bank and heading President Biden’s National Economic Council.
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An already red-hot Electric Vehicle (EV) market was given another nudge of momentum when the U.S. Treasury recently updated their standards for what qualifies for a tax credit… These are specifically potent as EV makers focus more resources on developing different types of electric cars. Gone are the days of the one ton, shoebox SMART cars as SUVs, crossovers, vans, and pick up trucks litter the market.
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Russia has announced a significant move in the war with Ukraine during a set of key talks. Representatives and negotiators from both countries met in Istanbul on March 29 where it was announced that Russia will “fundamentally cut back” their military activities near the Ukrainian capital of Kyiv.
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The Russian invasion of Ukraine, which is the largest conventional military attack in Europe since World War II, has caused a significant impact here at home in the United States, specifically in the financial market. While the Russian economy is in freefall due to sanctions from the West, U.S. markets also have experienced some stressors and exposure to risk as this conflict evolves.
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Much is still unknown about Omicron. Omicron was first discovered by scientists in southern Africa and is now present in more than 30 countries.
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The federal government announced an agreement to extend funding until February on Thursday as Republican senators oppose President Joe Biden’s vaccination plan. The threat of shutting down became more real due to the discovery of the Omicron COVID variant.
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President Joe Biden said last year the country was confronting four “historic crises simultaneously.” The crises include the pandemic, financial instabilities, the requirement for racial equity, and the “undeniable realities and accelerating threats of climate change.”
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President Joe Biden and three of his European partners said in a joint statement on Saturday that they’re certain that the Iran atomic arrangement can be reestablished in spite of its slow down over the mid-year.
In a joint statement that came following a conversation between Biden, United Kingdom Prime Minister Boris Johnson, French President Emmanuel Macron, and German Chancellor Angela Merkel at the G20 in Rome, the leaders said they are “convinced that it is possible to quickly reach and implement an understanding on return to full compliance” of the Iran nuclear deal.
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In the fall of 2021, we are continuing to not only see the social and medical ramifications of the Covid-19 Pandemic, but we are now seeing some more economic problems start to arise. That comes in the form of the United States overall unemployment rate continuing to plummet.
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