Frances Haugen, who calls herself an “advocate for public oversight of social media,” testified before the U.S. Senate subcommittee on Consumer Protection, Product Safety and Data Security on Oct. 5, 2021. In her testimony, Haugen alleged that her former employer—Facebook, Inc. (FB)—has a culture in which profits take precedence overContinue Reading


Editor’s note: Below you’ll find the week 58 release of the NYC Recovery Index, originally published September 28, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index experienced a slight increase the week of Sept. 18, rising from an overall score ofContinue Reading


Futures and options are both derivative instruments, which means they derive their value from an underlying asset or instrument. Both futures and options have their own advantages and disadvantages. One of the advantages of options is obvious. An option contract provides the contract buyer the right, but not the obligation, toContinue Reading


Benchmarking is an important tool in the financial world. Companies, hedge funds, mutual funds, investors, and other financial bodies pick a specific benchmark in the industry and seek to replicate its returns or to compare its own performance to that of the benchmark. Of course, the company’s business plan orContinue Reading


A limited liability company (LLC) cannot issue shares of stock. An LLC is a business entity structured to have either a single or multiple owners, who are referred to as the LLC’s members. Members can be added and subtracted over the life of the LLC, and profits can be distributedContinue Reading


Industrialization refers to the process of transformation from an agrarian to an industrial society, when an economy switches from a period of stable-to-little growth to one of accelerating growth. While wages did eventually grow as a result of industrialization, there are many ways to measure standard of living and itContinue Reading


The law of supply and demand is a theory that seeks to explain the relationship between the availability and desire for a product, such as a security, and its price. Typically, low availability and high demand boost the price of an item and high availability and low demand reduce itsContinue Reading


MGM Resorts International (MGM) is a global entertainment company. Its national and international locations provide hotels and casinos, meeting and conference spaces, live and theatrical entertainment, and a broad range of restaurant, nightlife, and retail services. The company’s resort and casino properties are located in Las Vegas, various other citiesContinue Reading


Real estate investment trusts (REITs) that invest in hotels and motels provide investors with exposure to a portfolio of income-producing properties. Since the average retail investor lacks the enormous capital and experience needed to purchase a portfolio of lodging properties, hospitality REITs provide unique access to this market. However, evenContinue Reading


The National Bureau of Economic Research (NBER) defines a recession as “a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade.” A recession is also believed to be signaled when businesses cease to expand, theContinue Reading