When it comes to pausing the world for a comment, observation or joke, few people command the attention enjoyed by Tesla (NASDAQ: TSLA) and SpaceX CEO Elon Musk.
Sarah Bloom Raskin’s decision to withdraw from being President Joe Biden’s nominee as the Federal Reserve’s vice chairperson of banking supervision has been attributed to her advocacy of using the central bank’s regulatory powers to enforce climate risks within financial institutions.
The push for members of the U.S. Congress to not be allowed to buy and sell stocks continues. A recently disclosed transaction by a member of Congress shows there continues to be conflicts of interest in pushing for policies that could benefit investment holdings.
Major global events can - more often than not - carry profound ramifications for stocks and shares. We saw with the emergence of Covid-19 that healthcare and remote technology stocks could experience exponential growth as the rollout of vaccines and a push towards working from home became more commonplace.
With the Russian ruble sinking to fresh lows and global companies exiting the market, forecasts of a looming collapse of the $1.7 trillion Russian economy have grown since the Kremlin launched its military attacks on Ukraine less than two weeks