Last Friday, the House Committee of Financial Services called upon Robinhood and Citadel CEOs Vlad Tenev and Ken Griffin to testify before Congress for restricting trading of GameStop stock on the Robinhood app.
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In the early fall, automakers Volkswagen and General Motors were optimistic about the auto industry’s recovery. Demand was rebounding from pandemic lows and factories were getting back to work. Unfortunately, multiple red flags were raised by the chip manufacturing industry.
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Facebook is concerned about a future iOS update that would pose a threat to its advertising business because of built-in privacy protections the software will have. Facebook relies on the collection of data to provide marketers with tools to target certain individuals. In their business, the tiniest improvement to the funnel could mean millions or even tens of millions of dollars.
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Major indexes faltered this week while Treasury Yields soared. The 10Y Treasury yield has passed 1.3%. In theory, these two should move in the same direction. Treasury yields rise because investors are rotating out of them and into riskier assets like equities. This is known as risk-on.
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Amazon announced on February 2nd that Jeff Bezos will be stepping down from the position of CEO. The position will be turned over to Andy Jassy, chief executive of Amazon Web Services (AWS). Bezos will transition to the role of executive chair this summer, stepping away from the responsibilities of CEO while also remaining deeply involved in the company. According to NBC news, Bezos follows the continual pattern of American tech company founders stepping down from the CEO position, such as Bill Gates at Microsoft and Larry Ellison at Oracle.
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Investing in the stock market can be a very risky thing. Some individuals even compare it to gambling because it is hard to forecast the outcome of the stocks that one buys. For example, will the stock’s price rise or fall? Will one lose everything they invested? Or will one make enough money to retire early? It is nearly impossible to know. In recent weeks, the stock market has caught everyone’s attention in the nation and worldwide. By now, individuals across the country have probably heard of the GameStop (GME) stock frenzy. But what happened?
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The markets hate uncertainty, and now that the election is behind us investors have a clearer picture of what the future will look like. We are still waiting to see who will control the US Senate, and we have to wait until January for Georgia to hold two run-off elections.
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After five quarters of consecutive profit, Tesla has reached the holy grail of inclusion with the S&P 500. Upon its immediate inclusion on December 21, Tesla will be the ninth-largest component of the index. While one company will be added to the index, one undisclosed company will be replaced.
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Lona Mozumder is the Head of Sales at TriOptima and Vice President of Women in Derivatives, working to create a legacy of women in business and financial prudence.
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The Federal Reserve has promised to maintain record-low interest rates to support the United States economy in the pandemic’s worsening times. As COVID-19 cases continuously shatter record highs set by the U.S., it has left many economists convinced that the economy cannot make any sustained recovery until the epidemic is maintained and that most Americans will feel safe conducting their normal outdoor daily activities. Following the Fed’s update on its monetary policy last Thursday, the near-zero interest rates are intended to stimulate spending and inject liquidity into the economy.
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