Newsletter May 17, 2022
Oil prices open lower as EU struggles to seal Russia import ban

While Chinese demand drops, in the United States producers are ramping up in order replenish inventories that have dwindled in the wake of Russia's war on Ukraine

U.S. backs U.N. push to get Ukraine grain back to global market

The conflict has also disrupted shipping in the Black Sea, throttling exports from Ukraine and Russia

Ukrainian troops evacuate from Mariupol, ceding control to Russia

Russian President Vladimir Putin appeared on Monday to climb down from threats to retaliate against Sweden and Finland for announcing plans to join the U.S.-led NATO military alliance.

Dollar knocked from 20-year high; Yuan slide pauses

The U.S. dollar index dipped marginally to 104.100 and is about 0.8% below Friday's 20-year peak of 105.100.

California law requiring women on company boards struck down

Three taxpayers challenged the law in 2019, saying it amounted to sex discrimination in violation of the state's constitution.

Netflix, Meta dumped by hedge funds as tech sell-off continues

Despite the broad move away from technology, some hedge funds added to their positions in select companies.

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