The Elephant Squashing the Financial Markets
With all the wild events of the last few months, central-bank liquidity appears to have the most significant influence.
Stock Market
Stock Market Plunges 600 Points, Entering Bear Territory
Inflation and fears of rapid interest rate hikes likely drove the decline.
GOP Governors Come Out against SEC Climate Rule
The 16 governors say the regulation is ‘part of an ongoing effort . . . to penalize companies involved in traditional energy development.’
Woke Inc. Author Launches Financial Firm to Compete with ‘Ideological Cartel’ of BlackRock, Vanguard
Ramaswamy said he raised $20 million to launch the Ohio-based financial firm called Strive.
Index Funds: ESG or Consumer Welfare? Choose One
The week of May 2: index funds and antitrust, as well as inflation, Hawaii’s pandemic, and more.
Dow Falls over 1,000 Points due to Inflation, Rate Hikes
Experts attribute the sharp changes to a collection of bad economic news over the last few months, chiefly led by the rise in inflation.
SEC Runs Roughshod Over Administrative Procedure Act
The recent drama over the way the SEC regulates proxy advisers violates the basic bargain of government service: accountability and transparency.
From the Twitter feed of @elonmusk, Owner & Proprietor of Twitter, LLC
Today is going to be an insane day.
Markets Tumble amid Fears of Rate Hike, Recession
Federal Reserve Chair Jerome Powell announced he would be looking to raise interest rates ‘expeditiously’ in May, to curb inflation.
Disney Stock Drops after Florida Republicans Pass Bill to Strip Company of Autonomous Status
The Florida House passed a bill Thursday stripping Disney of its autonomous governmental status.