We’ve Seen This Movie Before And It Does Not End Well

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According to Paul Whitfield, economists differ on how much blame the Smoot-Hawley tariffs deserve for the Great Depression. They also disagree on how much credit President Franklin Roosevelt deserves for the Reciprocal Tariff Act, which put the U.S. on a path to lower  tariffs. But the market knows. Questions: According to the article, what similarities… Read more »

SEC helps the mom and pop investors

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According to Business Insider, the Securities and Exchange Commission is stepping up scrutiny of mutual fund investments in private companies, according to people with knowledge of the agency’s interest. Questions: What has been the problem with mutual funds investing in companies like Airbnb or WeWork? Which case is notorious for spiking the SEC’s interest in… Read more »

Verizon breaking up wireless unit in reorganization

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Verizon Communications Inc.’s new chief executive is restructuring the carrier’s business lines, including its massive wireless business, in one of the first major organizational changes under his leadership. Questions: 1. Who are and will be the new leaders of the reorganized company? 2. When will the changes take place? 3. What is the divider in… Read more »

Changes at GE

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GE was led for two decades by Jack Welch, the chief executive both feared and revered for his management discipline. In a surprise move and after only a year in the job of CEO, John Flannery was let go on Oct. 8 amid GE’s long period of stagnation. Questions: 1. In addition to firing the… Read more »

Hong Kong’s Duty

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According to Bloomberg, even though Hong Kong’s stock market hit record highs this month, the turnover is too low. Now the exchange operator is considering asking the government to remove or reduce a tax on stock transactions. Questions: 1. What is the current stamp duty on both sides of the trade and what does that… Read more »

Apple Market Capitalization

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Apple became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold. Questions: 1. How much have the iPhone maker’s shares have gained this year? 2. What percentage does Apple make up of the entire S&P 500 .SPX… Read more »

What’s going on with Walmart stock?

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The four members of the Walton family controlling more than half the shares of Wal-Mart Stores Inc. had $11 billion of their combined net worth evaporate Wednesday as shares of the retailer plunged on a lower earnings outlook for the coming fiscal year. Questions: 1. Who are the four Waltons that the article is talking… Read more »

More Woes in Greece

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Greece will close its banks on Monday to try to avert financial collapse. The anticipated closure is expected to last about a week. This temporary decision was made along with keeping the stock market closed on Monday after the European Central Bank said it would not expand an emergency loan program to prop up Greek… Read more »

Maybe its time to flip a coin

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According to a recent study, very few professional investors have actually managed to outperform the rising market consistently over the past few years. In fact, based on the updated findings and definitions of a particular study, it appears that no mutual fund managers have. Questions: 1. What is a mutual fund? 2. What does the… Read more »

The Game is Rigged: Criminal Spoofing of the Market

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Federal prosecutors have filed the first-ever indictment of an individual financial professional for manipulating markets through high-speed trading. By using a Michael Coscia used the high-tech trading platform at a commodities trading company that he runs, Michael Coscia placed and then cancelled dozens of large purchases in less than a second. The result was that… Read more »