Wednesday☕️

22 Mar 2023 — 4 min read

Trending:

Markets/Economies:

Today, the Federal Reserve will announce an interest rate decision @2:00 PM EST.
Yesterday's US market performance:

Russia and China Meeting:

Xi Jinping and Vladimir Putin have been discussing their relationship in Moscow, Russia.
China is Russia's top trade and economic partner.
Meeting highlights:
Russia is prepared to increase its oil and liquified natural gas supply to China.
Russia is building nuclear power stations in China.
The Ukraine-Russia peace plan was discussed.
Vladimir Putin quote: "We are in favor of using the Chinese yuan for settlements between Russia and the countries of Asia, Africa, and Latin America."
Vladimir Putin quote: "Russia and China strongly oppose violating interests of other countries to gain our own advantage."

Donald Trump:

Last Saturday, Donald Trump predicted his arrest would take place.
A jury in New York City is deciding whether to press charges against Trump.
Although the specific charges are unknown, they are expected to relate to Trump paying adult film actress Stormy Daniels in 2016 to keep quiet about an alleged affair.
On Monday, the NYPD began installing barricades around Manhattan's Criminal Court.

Business:

Adobe launched an artificial intelligence tool called Firefly, allowing users to type commands to modify images.
Google's AI Bard is now available to the public.
Sony has filed an NFT patent for use, transfer, and sales.
Twitch CEO Emmett Shear recently left the company, and the company is laying off another 400 employees.

Statistic:

China and Russia's relationship:
China and Russia have had an evolving relationship dating back to the 17th century when the Russian Empire and the Qing Dynasty established contact and began trade.
Over the centuries, the relationship between China and Russia has been marked by periods of cooperation and conflict.
In 1949, China was established under Communist rule (PRC) and signed a Treaty of Alliance with Russia in 1950. In 1969, a brief military conflict occurred between the two countries over a territorial border disagreement.
In the 1980s, both China and the Soviet Union underwent significant changes. The Soviet Union began to liberalize, while China opened up to the world.
After the Soviet Union dissolved (1991), Russia focused on developing closer ties with China, leading to the signing of a treaty in 2001.

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