A Good Week, but a Bad Year...so far: The S&P and the Nasdaq are both down for the year but last week saw a rise in the market thanks to optimism in Ukraine, US Employment getting better, and Covid leaving peoples brains.

 

US Lawmakers want Financial Literacy Programs! The US had a realization that the overall population is not fairing well when it comes to financial know how. This realization is because of the pandemic and now lawmakers want to fund Financial literacy programs.

 

The House Wants Pot: The House just passed Legislation that would legalize Marijuana nationwide. This comes with a 8% tax on Cannabis sales and dismiss' penalties for pot-related activities. Now the bill has to go through the contentious Senate. Cannabis companies had a dip in stock price recently so this bill could be a huge boost if it makes it through the senate. C3 has mixed feelings here...

 

Food Shortages!!! Food shortages are a real problem right now for the US, but they are deadly in other countries that don't have US luxuries. The war in Ukraine coupled with pre-existing supply chain disasters has the prices of everything going up. Even Wal-Mart is struggling to keep their shelves stocked. Name Brands like Kraft, Kellogg and others are going to feel the hurt. Cheaper alternatives are becoming more attractive as wallets tighten. 

180M Barrels: Biden will release 180M barrels from the strategic oil reserve. 180M = 9 days worth of US oil consumption. Not a lot, but it will help!

 

$1 Slices are hard to find in NYC: Inflation is even killing the costs of Pizza (Okay, now things are getting serious)! The average cost for a plain slice in NYC is now over $3. More than a subway ride!

 

Tesla's BIG Delivery: Tesla delivered over 300,000 EV's last quarter. This is so impressive because this surprising growth came about while more traditional Car Manufacturers got into the EV space. Elon is still the man when is comes to the EV industry.

 

Crypto Palooza in Miami: The Bitcoin 2022 conference is going on in Miami and you can expects a lot of buzz in the crypto space to be circulating this week. Peter Thiel, Aaron Rodgers, and El Salvador President Nayib Bukele will all be speaking at the event. 

 

Etsy sellers going on Strike | Amazon Unionizes in Staten Island | Mortgage rates still Climbing

 

 

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