Author: Zito Partners

A Blunt Assessment: Marijuana Has Smoked a Lot of Investors Enthusiasm over falling legal bars led to business overexpansion and overoptimistic investing. But prospects long-term are, yes, high. “Legalize it/And don’t criticize it.” The mellow fans of Peter Tosh’s prophetic 1970s reggae song are getting their way, as legal barriers to marijuana crumble in state […]

What’s the Fed’s next move? While Federal Reserve Chair Jerome Powell stuck to the script in prepared remarks, the most telling part of his appearance before the Joint Economic Committee was when he refused to commit to the fed funds rate staying where it is for the next year. When asked if the rate would […]

8 Facts to Know About No-Commission Trades Popular brokerages are now offering commission-free online trading for U.S. stocks and ETFs. More firms are announcing free trade options. Major brokerages such as Interactive Brokers, Charles Schwab and E-Trade, among others, recently announced that they would stop charging commissions to their clients who trade stocks and exchange-traded […]

SEC Pitches Huge Ad Rule Overhaul Wealth management pros are welcoming the SEC’s proposed new rule for financial advisor advertising, which will allow advisors to use testimonials, endorsements and third-party ratings to woo clients, as long as they meet certain conditions. The existing rule, adopted in 1961, prohibits testimonials and does not address endorsements or […]

Investors seek to cash in on Airbnb Group valued at up to $42bn by those seeking indirect stakes ahead of planned IPO Airbnb is being valued at up to $42bn by investors trying to buy indirect stakes ahead of the company’s planned public listing next year. Venture capitalists in Silicon Valley and private market brokers […]

Softbank reports loss led by WeWork, causing investors to give more ‘scrutiny’ to companies – Softbank is in the hot seat after reporting its first loss in nearly 14 years. Brianne Lynch, Senior Business Development Associate at EquityZen, joins Yahoo Finance’s On The Move to discuss WeWork, Uber, among other IPOs. EquityZen provides a secondary marketplace for pre-IPO shares and has worked with half of all unicorns.

U.S. Stocks Outpacing the Rest of the World Steady consumer spending, strength in the labor market keep supporting U.S. stocks despite fears of a recession Global stocks are lagging behind U.S. shares, illustrating how investors’ faith in the domestic economy continues to drive a growing divergence in financial markets. After rising to a fresh record […]

Beyond Meat Shares Slide as Lockup Expires, Analysts Cut Price Targets – Phil Haslett, co-founder and chief revenue officer at EquityZen, discusses the expiration of a shareholder lockup for Beyond Meat Inc. in the wake of third-quarter results. He speaks on “Bloomberg Daybreak: Americas.”

Global insurers face quiet strain from hacker ransom demands Global insurers that cover cyberattacks are facing more claims related to ransom-demanding hackers who cripple businesses’ technology systems, and only stop after receiving substantial payments. Read more here: https://www.reuters.com/article/us-usa-ransomware-insurance/global-insurers-face-quiet-strain-from-hacker-ransom-demands-idUSKBN1X41E3

Cities Warned Not to Rely on Cyber Insurance Alone Insurers won’t cover claims if municipalities don’t take basic cybersecurity precautions, association says Cities and towns across the U.S. are taking out cyber insurance or considering it, but experts warn that coverage can’t substitute for effective security. Read more here: https://www.wsj.com/articles/cities-warned-not-to-rely-on-cyber-insurance-alone-11571995801

Concerns remain as latest repo operation brings in $50B New questions about the short-term market arose as the latest repurchase agreement operation (repo) from the Federal Reserve Bank of New York intervened in the market Wednesday, accepting $49.854 billion in bids from primary dealers. Read more here: https://www.bondbuyer.com/news/concerns-remain-as-latest-repo-operation-brings-in-50b

Economy doesn’t need more Fed stimulus, Sit Investment’s Doty says – Bryce Doty, SIT Fixed Income Advisors, and Art Hogan, National Securities, joins ‘The Exchange’ to discuss the state of the markets during this earnings season and what should be the Fed’s next move.