Weekly Review, December 11 2023
Fortis’ News of the Week:
Despite annual inflation easing to 3.2% this year, consumer sentiment remains low as the overall increase in prices over the last three years is at 18.6%.
Concerns of market integrity and investor risk rise as now more than 500 Nasdaq listed stocks cost under $1, a significant jump from the less than 12 that were recorded in 2021.
CEO of MobileX and founder of Boost Mobile is in support of cell phone bans in schools and vocalizes his belief that other large carriers have a moral responsibility to support it as well.
Shein CEO, Sky Xu, navigates enviromental and labor issues while preparing for US IPO. This will likely push the otherwise anonymous CEO into the public eye.
MAX ETNs plans to launch the first quadruple leveraged S&P500 ETN which allows investors to bypass the SEC three time leverage max regulation. This could lead to the launch of many more high-risk investment products.