Invesco cuts Swiggy valuation by half to $5.5 billion
Invesco is a famous investment firm which had previously invested in Swiggy. It has now cut down Swiggy’s valuation by 48.6% from $10.7 billion to $5.5 billion. This puts Swiggy near the same waters as Zomato, which is valued at $6.78 billion.
Stock ownership in America is still less common than it was in the dot-com bubble
Before 2008, up to 63% (in 2002) of Americans enjoyed stock ownership. During the Great Recession, all of this changed. In 2013, only about 52% Americans were owners of stocks. Though it’s been an improving trend since, the number still remains below 60%.
Why is this important? Think about the factors that would have influenced the rise in ownership: rise of trading apps like Robinhood and the surge in retail investing that came with pandemic lockdowns failed to dramatically widen access to stock markets. The portion of Americans owning stock, at 55% when the covid pandemic hit the US, rose to 56% in 2021 and 58% in 2022.
Coming soon for carbon
Commodity Futures Trading Commission Chair Rostin Behnam is addressing climate change by weighing new policies to check trading tied to voluntary carbon offsets. The carbon offsets market is apparent to be a critical tool to help mitigate greenhouse gas emissions. However, the actual outcomes are a little unclear.
Behnam is now considering laying out a carbon offsets policy as an advisory. How does this help? Companies that have opted to stay on the sidelines would be reassured of the benefits.
Trading platforms sell the dream of making big money fast. The reality can be far more brutal
This piece is everything you need to know about CFDs: How fintech firms offered this lucrative instrument as a get rich quick wand. You can draw parallels to options trading in India salted with unsolicited advisory from scamsters.