Newsletter Mar 10, 2022

3 things you must know

US pleas for increased oil production as war rages in Ukraine
With oil prices high and Americans paying more for gasoline, the U.S. called for oil companies to increase production and offset the spike in pump prices. The surge in energy costs involve sanctions for Russia's invasion of Ukraine, which intensified Wednesday while invading forces encircled and bombed cities and civilians ran for their lives. In addition to rejecting Ukraine's request for a no-fly zone, the U.S. also shot down Poland's offer of Russian jets.
SEE THE PLEA TO OIL PRODUCERS TO BOLSTER SUPPLY

Bitcoin gets a boost from Musk's conspiracy theory tweet
The price of Bitcoin surged early Wednesday after Elon Musk revealed his theory about the true identity of Satoshi Nakamoto â€“ the unknown creator of the cryptocurrency. Musk took to Twitter to post a cryptic image that showed the names of four companies â€“ Samsung Electronics, Toshiba Corp., Nakamichi Corp., and Motorola â€“ which, when combined, spelled out Satoshi Nakamoto.
SEE THE REACTION OF BITCOIN'S PRICE TO MUSK'S POST

Thinner, pricier toilet paper another sign of inflationary times
Inflation is causing the price of several products to skyrocket, but some essential household items like toilet paper are also seeing a packaging slim-down. This downsizing or â€œshrinkflation,â€ as one consumer advocate calls it, might be a common phenomenon among goods as companies look for ways to cut rising costs.
FIND OUT WHICH GOODS ARE SEEING 'SHRINKFLATION'

Markets

DJIA	33,286.25	2.00%
S&P 500	4,277.88	2.57%
Nasdaq Composite	13,255.55	3.59%
Japan: Nikkei 225	25,575.66	3.47%
UK: FTSE 100	7,190.72	3.25%
Crude Oil Futures	110.06	1.25%
Gold Futures	1,979.00	-0.46%
Yen	116.06	0.19%
Euro	1.10	-0.29%
* As of market close

Are EVs the solution to gas, climate crises?

As gas prices rise across the country in the wake of President Joe Bidenâ€™s decision to ban Russian amid the invasion of Ukraine, some believe that turning to electric vehicles is now the solution to curbing America's dependence on oil. However, just because gas prices are rising does not mean EVs will be the more economical or readily available â€Œoption. The war and international sanctions have raised the price of nickel, a Russian export and key ingredient in EV batteries.

FIND OUT IF ELECTRIC VEHICLES CAN FIX GAS PRICE SURGE

Russians say 'nyet' to corporate sanctions

Some Russians had surprising reactions to McDonald's becoming the latest U.S.-based company to pull out of the country -- they're lovin' it. This week, McDonald's, Coca-Cola and Starbucks suspended operations in Russia, joining the international corporate chorus of outrage over President Vladimir Putin's decision to invade Ukraine.But many Russians said good riddance to the symbols of American cultural influence in the world, choosing their country over a combo meal.

SEE WHAT RUSSIANS SAID ABOUT THE LATEST SANCTIONS

VW brings back Microbus - and it's electric

Volkswagen revealed on Wednesday blueprints for the ID. Buzz, an electric-powered VW Microbus inspired by the classic one. ID. Buzz is described as â€œsustainable and yet also extremely functionalâ€ version of the vintage "hippie vans" a half century ago. Volkswagen designers followed the iconic design but made it unique and more sustainable.

SEE THE NEW VW BUS, BUT YOU'LL HAVE TO WAIT TO DRIVE IT

Vintage vehicle

Who designed the original VW Microbus and what year did it debut?

Wednesday's answer: The T206 Honus Wagner baseball card, which came in packs of cigarettes in 1909, recently sold at auction for a record $6.6 million, shattering the old mark by more than $1 million.

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