Historically, the initial public offering (IPO) of stock from a much talked about new company has helped add pizzazz to a trading calendar while giving the overall market a positive boost. However, last week exercise-bike startup Peloton Interactive Inc. saw its shares fall almost –13% from its Wednesday IPO price.
"I fought the law, and the law won" has been the lament of many a criminal but very few scientists. However, one American physicist and engineer named Roger Babson dedicated his life to fighting the law -- the law of gravity, that is. After witnessing a childhood friend drown in the late 19th century, he decided that gravity was to blame for this tragedy along with many others.
Executive Wealth Management founder and director Albert P. Herzog III made a return appearance on the TD Ameritrade Network with Nicole Petallides last Tuesday, September 24th, to discuss the goings-on in the financial markets. You can click on the picture below to watch a clip of the duo discussing the future of Apple Inc.
There was a 100% increase in S&P 500 companies citing “ESG” on their earnings calls last quarter according to FactSet. ESG stands for “environmental, social, and governance”. Companies are taking up social causes at break-neck speed, driven by public pressure to be agents of change in the world.
The On A Lighter Note author is taking a short court-ordered sabbatical.
Is fungibility falling out of favor in finance? Economists have traditionally called a good fungible (which comes from the same Latin root as function) when its individual units are interchangeable or essentially indistinguishable for a given transaction. Bags of grain, barrels of oil, and shares of stock are common examples of fungible items.
How was math done before the invention of calculators? By using your fingers, of course, and people of a polydactyl persuasion were then our greatest scholars. They were able to use their extra digits to perform undreamed of feats of computation, like counting past 10. Unfortunately, society doesn't always reward those who are different, even when they contribute great things.
After a lengthy summer break, students' reasoning skills may be a little rusty. So a logical analysis of some commonplace sayings may be just the thing to exercise those mental muscles.
Recently, news of negative interest rates on government bonds from various countries like Germany, Switzerland, Japan, and New Zealand has caused a buzz in the financial press. Even the possibility that U.S. Treasuries could in the near future have a less than zero yield has been raised. How has this seemingly paradoxical phenomenon come to be?