Monthly Archives: September 2022

FINRA: The organization that regulates broker-dealers and protects investors

FINRA also provides educational resources and a space for investors to file complaints about brokers if needed. Finra; Alyssa Powell/Insider The Financial Industry Regulatory Authority (FINRA) oversees US-based broker-dealer firms, registered brokers, and market dealings.Brokers must be registered with FINRA in order to trade securities with the public.FINRA plays a big role in market security…

Mike Pence was ‘angry’ on Jan. 6 as rioters ‘desecrated’ the seat of US democracy, his memoirs reveal

Vice President Mike Pence walks off the House floor during a joint session of Congress to certify the 2020 Electoral College results on January 6, 2021 in Washington, DC. Erin Schaff-Pool/Getty Images Mike Pence says the Jan. 6 riots left him “angry”, in excerpts from his memoirs. The former vice president issues one of the…

Dow falls 530 points, Nasdaq plunges nearly 3% as hot inflation report keeps Fed on track for more jumbo rate hikes

Drazen Zigic/Getty Images Stocks dropped Tuesday following new inflation data that came in hotter than expected.  August CPI showed inflation rose 8.3% compared to the same month last year, despite falling gas prices. Core CPI, which excludes food and energy, increased 6.3% from August last year. US stocks dropped Tuesday following a hotter-than-expected inflation report,…

Russia bombed power stations, schools, and people’s homes in apparent revenge as it was forced to retreat, Ukraine says

Irina Kuzkova, 83, in her damaged apartment after rocket strikes on Kharkiv, Ukraine, in September 2022. AP Photo/Andrii Marienko Ukraine’s counteroffensive has seen it rapidly retake parts of the Kharkiv region. Russian forces retreated, and Ukraine said it bombed civilian targets as it did so. This included electricity and water infrastructure, a school, and homes,…

Saudi Arabia’s sovereign wealth fund adds a $412 million bet on tourism as oil income boosts equity investments

Saudi Crown Prince Mohammed bin Salman chairs the kingdom’s Public Investment Fund. Bernd von Jutrczenka/Getty Images Saudi Arabia’s Public Investment Fund is betting $412 million on tourism.  The kingdom’s sovereign wealth fund agreed to acquire a 30% stake in Almosafer Travel & Tourism. The PIF is expanding equity investments as oil revenues soar.  Saudi Arabia’s…