Fortis’ News of the Week:
- Despite annual inflation easing to 3.2% this year, consumer sentiment remains low as the overall increase in prices over the last three years is at 18.6%.
- Concerns of market integrity and investor risk rise as now more than 500 Nasdaq listed stocks cost under $1, a significant jump from the less than 12 that were recorded in 2021.
- CEO of MobileX and founder of Boost Mobile is in support of cell phone bans in schools and vocalizes his belief that other large carriers have a moral responsibility to support it as well.
- Shein CEO, Sky Xu, navigates enviromental and labor issues while preparing for US IPO. This will likely push the otherwise anonymous CEO into the public eye.
- MAX ETNs plans to launch the first quadruple leveraged S&P500 ETN which allows investors to bypass the SEC three time leverage max regulation. This could lead to the launch of many more high-risk investment products.
