Newsletter Jan 18, 2022

The winter storm that plowed up the East Coast on Monday left lots of headaches in its wake - traffic snarls, power outages and flight delays.
3 things you must know

  • Massive winter storm disrupts travel, power in the Northeast

    A massive winter storm slammed the Northeast on Monday, forcing many to observe the Martin Luther King Jr. Day indoors. Dumping a foot of snow from New England to Canada, the storm brought air and auto traffic to a standstill and left millions in the cold without power.

    SEE HOW MAJOR CITIES FARED FROM THE WINTER STORM

  • Rising labor costs hit Wall Street; what it means for S&P 500 

    Rising labor costs are beginning to reach Wall Street, having a mixed impact on the Q4 earnings reporting season for companies included in the S&P 500 index thus far. That's according to FactSet that keeps a close tally on the earnings reports of listed companies.

    FIND OUT HOW WALL STREET IS FEELING THE LABOR PINCH

  • Cannabis in crisis: California retailers, growers seek tax relief

    The California green rush that saw legalized recreational marijuana bring a windfall of tax revenue to the state is over. Licensed growers and retailers are asking the state to reconsider the massive taxes placed on cannabis products before the legal weed boom goes bust.

    WHY CANNABIS GROWERS, RETAILERS ARE GOING BROKE
Markets
DJIA 35,911.81 -0.56%
S&P 500 4,662.85 0.08%
Nasdaq Composite 14,893.75 0.59%
Japan: Nikkei 225 28,280.95 -0.19%
UK: FTSE 100 7,611.23 0.91%
Crude Oil Futures 84.85 1.23%
Gold Futures 1,816.40 -0.01%
Yen 114.85 0.20%
Euro 1.14 -0.08%
* As of market close
Biden's popularity fades fast in first year

It was one year ago this week when President Joe Biden took the oath of office, enjoying high approval ratings compared to his controversial predecessor. But the combination of Afghanistan, Omicron and inflation have him rivaling former President Donald Trump - and not in a good way.

SEE THE THREE THINGS BIDEN CAN DO TO BOOST HIS RATINGS

Pivotal seats are in play in midterm elections

The 2022 midterm elections are 295 days away and Democrats and Republicans are vying for control of the House and Senate as they hang in the balance. There's a 50-50 split in the Senate (Vice President Kamala Harris is the tie-breaking vote) and a narrow edge for Dems in the House. SEE WHICH KEY SEATS ARE UP FOR GRABS IN THE MIDTERMS

Ocean temperature hits another record high

The temperature of the world's oceans again hit record highs and if the trend continues, it could be extremely detrimental to coastal lands. NASA and NOAA recently announced that the ocean heat content (OHC), which describes the amount of heat stored in the upper levels of the ocean, broke the record again in 2021, surpassing the previous high set in 2020.

FIND OUT WHAT WARMER OCEANS MEAN FOR COASTAL AREAS

Shore score

What U.S. state features the greatest amount of oceanic coastline?

Monday's answer: George Washington and Abraham Lincoln join Martin Luther King Jr. as the only Americans whose birthdays are national holidays. Ronald Reagan signed the bill establishing MLK Day in 1983.
What's ahead?

OPEC's monthly report is scheduled to be released today and anxious Americans who are paying a hefty price at the pumps are hoping for relief.

Was this email forwarded to you? Sign up here.

IBTimes will always protect your security and privacy. Please read our detailed Privacy Policy. Please do not reply to this email. Click here to adjust your notification preferences or unsubscribe. 
© Copyright 2022 IBTimes LLC. All Rights Reserved.