The World’s Biggest Fashion Companies by Market Cap 👔
Source: Visual Capitalist
Wendy’s might try Uber-style surge pricing for burgers
Wendy's wants to use new digital menu boards to change prices based on overall demand. Wendy's will start experimenting with surge pricing, much like Uber and Lyft, as the company rolls out digital menus to all its United States restaurants by 2025. source : quartz
BREAKING >>> THE NANCY PELOSI EFFECT ! Palo Alto Networks stock, $PANW, is now up 10% today after Nancy Pelosi bought call options on the stock.
The call options are reportedly worth up to $1.25 million. This comes just days after $PANW fell over 30% following their earnings results. Markets are effectively treating Pelosi's trades like an activist hedge fund took a stake in the company. Her track record on buying many large cap tech stocks at their lows, including $NVDA, is largely why... Is Nancy ‘Gordon Gecko’ Pelosi the new Cathie Wood ??? Source: The Kobeissi Letter
As the stock market opens today, Amazon will officially become a member of the Dow Jones Industrial Average.
#newmembers #finance
JPMorgan CEO Jamie Dimon sells $150M of stock in nation’s largest bank for the first time
JPMorgan Chase chief Jamie Dimon cashed in about $150 million of his stock in the bank — the first time the head of the largest US lender has sold shares since taking charge in 2005. Dimon, one of the longest-serving chief executives on Wall Street, unloaded 821,778 shares of JPMorgan, according to an SEC filing Thursday. The selloff is part of a larger plan the bank revealed in an SEC filing in October to sell 1 million of the 8.6 million shares . Dimon and his family own. source : nypost
Chinese Authorities froze a quant hedge fund's account for 3 days after it dumped more than $360 million worth of stocks within the first minute of trading.
Source: Barchart
“Maybe” The World’s Most Powerful Banker Knows Something That We Don’t?
Jamie Dimon bought 1.235 million shares in the open market from 2009 to 2016 at the exact times when markets bottomed. Last week, he sold 821,778 shares of JP Morgan stock worth $150 million for the first time ever. Impeccable timing? Time will tell... Chart: Bespoke through Sagar Singh Setia
Despite the surge in market-cap indices, small-cap stocks remain deeply entrenched in a bear market, now down 27% from their recent peak.
Source: Bloomberg, Tavi Costa
