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The Great Ruble Rebound
The ruble has recovered to its pre-war level, NYC crime is up big-time, El Salvador's Bukele canceled his Miami Bitcoin Conference appearance, the Fed talked more about reducing its balance sheet, and banks may use Zelle to challenge major credit card companies.
Elon's Timeline
Elon Musk is now Twitter's largest shareholder, the Senate reached a Covid funding deal, Jamie Dimon warns of a $1B loss from Russia exposure, the US seized another Russian oligarch's yacht, Starbucks suspended its buyback program, and Peloton slashed the prices for its new strength training device.
MOAR OIL 🇺🇸
Biden will release 1M barrels of oil a day from US reserves to ease gas prices, Robinhood is rolling out retirement accounts, New Yorkers don't want to go back to the office, a human genome has been fully decoded, and Biden invoked the Defense Production Act for EV batteries.
Uber Comes Full Circle
Uber will list all NYC taxis on its app, Google employees want more money, Marlboro is making plans to pull out of Russia, Toshiba shareholders reject plan to split the company, Ukraine struck the Russian Navy, Apple is working on a hardware subscription for iPhones, and airline CEOs want Biden to end the air mask mandate.
Moscow Exchange Partial Reopening
Ukraine's president wants to use oligarchs as negotiation middlemen, traders brace for the reopening of Russia's stock market, Amazon's NY workers want to unionize, USC pulls out of school rankings, Newsom is giving rebates to car drivers, and Walmart sues BJ Wholesale.
Rich Apes Yacht Club
Stocks were in the green again, El Salvador postponed its bitcoin bond, the BAYC creators got PAID, another former Theranos exec is on trial, Tesla opens a factory in Germany, Shanghai traders are sleeping in their offices, and the hits keep coming for Evergrande.