After nearly two years, the world is once again in the same conversation involving a virus and strict regulations in China. Will investors be better equipped for another turbulent market after some practice?
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As technology becomes increasingly integrated within our everyday products, demand for semiconductors has outpaced supply, and this constraint has worsened under COVID-19. Semiconductors, or “chips,” are typically made of silicon and conduct electricity in products, such as computers, smartphones, automobiles, medical equipment, and kitchen appliances.
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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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With inflation steadily increasing due to the numerous issues dealt with in the last two years, investors and consumers show concern as prices continue to rise. Many Fed officials have discussed a strict, aggressive approach to battle these rising costs. But now the long-awaited interest rate hike from the Federal Reserve faces a challenge. The Russian invasion of Ukraine.
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Turkey’s economy, similar to every other nation, has taken a hit with inflation rates. But unlike every other country, President Recep Tayyip Erdogan has refused talks of possible increases in interest rates.
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Major technology and gaming company Microsoft, known for manufacturing the Xbox gaming console, caught the attention of many in the gaming industry when they announced that they would be acquiring Activision Blizzard for a whopping total of nearly 69 billion dollars, making the buyout the largest in the history of the games industry.
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American retail giant Macy’s announced the launch of a digital marketplace along with its Q3 2021 results, a move that analysts have not reached a consensus on.
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President Joe Biden nominated world-renown bull Jerome Powell to a second term as Chair of the Federal Reserve. Despite recent criticisms of the lack of inflation control, he has done a stellar job protecting the financial system and the economy.
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New Yorkers will finally be able to enjoy mobile betting. Back in the spring of 2021, the New York State Gaming Commission announced that online betting platforms would operate before SuperBowl LVI in February 2022.
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A unanimous decision made by the Organization of Petroleum Exporting Countries (OPEC) continues to limit oil production. Saudi Aramco, one of the largest and profitable oil companies in the world, has announced that they will not be influenced by U.S. calls for an increase in oil supply and continue to act towards their goal of increasing output by 400,000 barrels per day each month.
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