U.S. Market Exposure to Russo-Ukrainian Conflict

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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Biden’s Plan to Restore and Restructure Iran Deal

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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U.S. Economy Makes Progress Amid COVID-19 Pandemic, Adding 916,000 Jobs in March

In response to COVID-19, the United States had to implement measures to slow the spread of the virus such as social distancing and a partial economic shutdown, actions which have had a major impact on the U.S. economy, including people’s livelihoods and jobs. The immediate effects that the pandemic has had on the U.S. labor market have been evident in both the unemployment rate and payroll employment numbers. In the early months of the pandemic, the unemployment rate soared, peaking at 14.7% in April 2020, the highest point since the Great Depression. More than 20 million jobs were lost in April as well, which was a record number of jobs lost in a period of one month.

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