Funding & Business
Robinhood, AppLovin, Emcor to Join S&P 500 in Rebalancing
Robinhood Markets Inc. has been added to the S&P 500, marking a new phase for the retail trading platform that helped define the pandemic-era boom in individual investing. The company will join the benchmark in the latest quarterly rebalance, S&P Dow Jones Indices said Friday.
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China is investigating Yi Huiman, its former top securities regulator, according to state broadcaster CCTV, more than a year after his surprise removal from the post.
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Berkshire Hathaway Inc.’s PacifiCorp says ongoing litigation from massive wildfires in 2020 that exposed the company to billions of dollars in damages is jeopardizing its ability to continue providing power to hundreds of thousands of customers in Oregon.
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Funding & Business
Summers on Trump vs Fed, US Jobs Data Battle, Australia’s Gold Rush 2.0, India’s Risk Balance
This week, former US Treasury Secretary Lawrence H. Summers comments on why the markets have been slow to react to President Donald Trump’s efforts to fire Fed Governor Lisa Cook and further change the composition of the FOMC. And, concerns about BLS politicization are growing – what is the real problem behind the jobs numbers? Plus, gold prices near record highs are fueling a mining boom in Australia. Later, India is opening its markets to investors, but can regulators strike the right balance between risk and stability? (Source: Bloomberg)
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