A recap of the past week in 3 short headlines 1. Back-and-Forth Week Stocks had a back-and-forth week due mainly to hopes for new stimulus rising and fading with new headlines from DC. For the past week, the Dow fell 0.95%, the S&P 500 fell 0.53%, and the NASDAQ fell 1.06%. As investors bet more […]
In the mid-to-late 20th century, economists predicted that nascent economic theories would mean the death of major recessions and depressions. Governments could preemptively adjust their fiscal and monetary policy to soften or largely prevent the effects of the business cycle, which before was so capricious and severe. This prediction has proven false. Decade after decade, […]
Currently as I write this article, the light filtering through my window is a sickly yellow, the result of the thick clouds of smoke that have rolled in over Seattle. The sky is this hazy, uniform blanket of yellow smog that obscures the horizon. The air is dangerous to breathe and stings at the eyes. […]
A recap of the past week in 3 short headlines 1. Volatile Week Stocks had a rough and volatile week, with new information about stimulus, the current economic recovery, and coronavirus numbers. Stocks opened this week up by rising on Monday but then fell for the next three days. They rose on Friday when data […]
Biotech companies are at the forefront of an unprecedented push to find a vaccine for COVID-19. Because a vaccine will allow people to safely return to work, biotech is the key to ending the pandemic. Biotech companies focus on altering living things, such as genetically engineering crops to have a higher yield or creating vaccines […]
1. Stocks Firing On All Cylinders U.S. equities have continued to rise amidst talk of a $1.8 trillion stimulus package endorsed by President Trump. However, opposing takes from both Democrats and Senate Republicans threaten to derail the package. The S&P 500 closed at $3,477.13, approaching its all-time high at $3,588.11. The Dow Jones and NASDAQ […]
I was having a conversation with a group of friends the other day, and we were talking about how Google or Facebook or any of these companies that offer completely free to use services make money. Most people seem to believe that these companies sell your data, but in reality, it’s a little more complicated […]
COVID-19 has placed a serious financial burden on the population on top of the many infections and deaths it has caused. From shutting down our borders to foreigners to suspending all major sporting events and leagues, America has isolated itself from others and the financial impact of that has made its mark. And with this […]
A recap of the past week in 3 short headlines 1. Positive Vibes? Happy October! This past week broke the losing streak of the S&P 500 as it finished 1.52% higher for the week. The NASDAQ finished 1.48% higher as well. After 4 consecutive weeks of finishing lower, this past week’s developments could indicate that […]
I accepted my internship offer at the US Securities and Exchange Commission in March 2020. Just a week later, COVID-19 hit the Bay Area harder than almost anywhere else. It forced most of my school work from UC Berkeley online and all but guaranteeing that the internship would be virtual too. Nevertheless, I had an […]