Small “retail” investors made significant moves last week.
The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning both brokerages and the pack of social media traders that it was closely monitoring potential wrongdoing. Smaller investors have realized their power in the market and could begin a new surge of market corrections as the will of the masses is displayed in real-time.
Oil prices edged up but traded in a tight range as demand concerns caused by new coronavirus variants and slow vaccine rollouts offset a cut in Saudi Arabian oil supply and falling U.S. oil inventories. Lockdowns will continue to hamper demands in the short term.
U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of government-funded benefits for millions of unemployed Americans. Though there is a new administration in the tide does not seem to be shifting that much and the US can expect continued hardships.
EU lawmakers, who are gearing up to curb the power of U.S. tech giants, have told Amazon, Apple, Facebook, and Alphabet that they are willing to push back a proposed Feb. 1 hearing by two months. EU antitrust regulators want the four to end business practices aimed at cementing their dominance and blocking smaller rivals as well as do more to take down illegal and harmful content on their platforms or face hefty fines.
|Based on the most recent data, MSFT has returned 4.71% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 4.42% on a year-to-date basis. This means that Microsoft is outperforming the sector as a whole this year.|
||Facebook Inc said on Friday it would soon start developing “topic exclusion controls” on its platform to give advertisers greater ability to weed out certain types of content from appearing alongside their ads. This comes after companies including Coca-Cola Co and Starbucks Corp boycotted Facebook in July for not doing enough to curb hate speech on its site following the death of George Floyd, an American Black man, in police custody.|
|Boeing has received a license from the U.S. government to offer its F-15EX fighter jet to the Indian air force, a senior executive said on Thursday.|