Newsletter Dec 22, 2022

3 things you must know

'Bomb cyclone' storm threatens holiday travel across US
Life-threatening temperatures, bone-chilling winds and a "bomb cyclone" are in the forecast for the U.S. over Christmas weekend, threatening chaos for the peak holiday travel period. The National Weather Service warned travelers on Wednesday that a powerful winter storm would produce "a multitude of weather hazards" across the northern, central and eastern parts of the country. Airlines told holiday travelers to expect delays and cancellations.
SEE THE FORECAST FOR THE HOLIDAY TRAVEL WEEKEND

Nike, FedEx make speedy delivery of a rally to Wall Street
Stocks surged Wednesday after Nike and FedEx reported better-than-expected earnings, tamping down concerns of a recession. Shares of Nike jumped 12.17%, or $12.56 a share, to close at $115.77 after reporting quarterly income of $1.33 billion. FedEx stock also rose after it reported earnings that beat expectations. Wednesday was the second consecutive session that stocks advanced generally after suffering nearly two weeks of losses.
SEE WHICH STOCKS JOINED NIKE, FEDEX IN THE RALLY

Porsche begins producing eFuel from water, wind and CO2
Porsche is creating an alternative fuel source at its new plant in Chile that relies on renewable energy sources. Using wind, water and carbon dioxide, eFuel can serve as a complementary energy source for electric vehicles and for internal combustion engines to run in a "nearly CO2-neutral" manner. Porsche plans to produce 145 million gallons of biofuel each year by the end of the decade.
IS EFUEL A GAME-CHANGER FOR THE AUTO INDUSTRY?

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Markets

DJIA	33,376.48	1.60%
S&P 500	3,878.44	1.49%
Nasdaq Composite	10,709.37	1.54%
Japan: Nikkei 225	26,465.67	0.30%
UK: FTSE 100	7,497.32	1.72%
Crude Oil Futures	78.71	0.54%
Gold Futures	1,828.00	0.14%
Yen	131.85	-0.46%
Euro	1.06	0.21%
* As of market close

Zelinskiy pleads with Congress for support

Ukrainian President Volodymyr Zelenskiy made a surprise visit to the U.S. Capitol to address a joint meeting of Congress on Wednesday, seeking to persuade lawmakers to keep funding his country's defense against Russia. Following a meeting at the White House with President Joe Biden, Zelenskiy addressed a bipartisan audience of senators and House Republicans, who are opposed to spending billions on Ukraine. It was Zelinskiy's first trip outside Ukraine since the start of the war.

HOW MUCH MONEY THE US HAS PLEDGED TO HELP UKRAINE?

Records: Trump paid zero in taxes for years

A new report detailing Donald Trump's federal tax returns was revealed that the former president paid little or no taxes over a six-year period. The report reveals Trump declared a negative income in 2015, 2016, 2017, and 2020. It also shows that the former president and wife Melania Trump paid no income tax for multiple years, according to the redacted tax returns released by the Joint Committee on Taxation.

SEE HOW MANY MILLIONS TRUMP RECEIVED IN TAX REFUNDS

NASA officially retires Mars InSight lander

NASA has formally retired its Mars InSight lander, the first robotic probe specially designed to study the deep interior of a distant world, four years after it arrived on the red planet's surface. Mission controllers at NASA's Jet Propulsion Laboratory determined the mission was over when two attempts to re-establish radio contact with the lander failed, a sign that InSight's solar-powered batteries had finally run out of energy.

WHAT DID WE LEARN FROM THE MARS INSIGHT PROGRAM?

Long strange trip

Which number is greater: the distance from Earth to Mars (in light years) or the cost of the NASA's Mars Insight mission (in U.S. dollars)?

Wednesday's answer: A Fortnite player from Canada identified only as Ranger holds the all-platforms record for solo kills in a game with 118.

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