Business News throughout the year
This is what the fed has been doing to interest rates recently (+ explain WHY the Fed has been doing what they are doing).
What is raising interest rates to combat inflation.
The owner of MMS Resells.
Who is Matthew Shadid.
These are trends in the market that should largely be ignored by value investors.
What is daily trends?
This is the percentage of Americans who cannot cover a $400 unexpected expense
What is nearly 40% of Americans?
This is our RBC teacher advisor.
Who is Mrs. Fox? Thank you for all the time you put into Business Club this year, Mrs. Fox. Matthew and I are really excited to see this club continue to thrive next year under your guidance!
This is the name of the chipmaker that briefly hit a market valuation of over $1 trillion, becoming the first company in its sector to do so.
What is NDVIDA? Nvidia Corp (NVDA.O) briefly joined an elite club of U.S. companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that has quickly become one of the biggest winners of the AI boom.
The guest speaker for this unit (including the company they run).
Who is Ms. Gillian Bleimann, the current CEO of Berjé Inc.?
This is how investors determine the total value of all a company's shares of stock.
What is by multiplying the price of a stock by its total number of outstanding shares? For example, a company with 20 million shares selling at $50 a share would have a market cap of $1 billion.
What is $34,000? That's an increase of 240%!
This is our favorite prize to give for in-club competitions.
What is Amazon/Dunkin gift cards?
What is FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors? The value of FTT plummeted, taking other coins down with it including Ethereum and Bitcoin, which reached a two-year low as of Nov. 9.
A way for entrepreneurs to showcase their ideas.
What is a pitchdeck?
This is what you call a stock with a high price that is not justified by current earnings reports/company performance.
What is an overvalued stock?
What is 23 out of 50 US states?
This is the number of weekly meetings has Business Club had this year, including today's meeting.
What is 29 meetings?
This bank failed in March 2023 ( + explain WHY this bank failed and name the other banks that followed it and also failed.
What is SVB, followed by First Republic Bank and Signature Bank?
This is when new startups are most likely to fail.
What is between two and five years? 10% of startups fail within the first year. Across all industries, startup failure rates seem to be close to the same. Failure is most common for startups during years two through five, with 70% falling into this category.
Explain what a mutual fund is and what an index fund is.
Index Funds: A group of stocks that you invest in that replicates the total move of the market
Mutual Funds: Your money is pooled together to purchase a variety of securities, increasing diversification and minimizing risk
This is how cryptocurrency miners "earn" cryptocurrency.
What is when computers on the network verify and process transactions, new bitcoins are created or mined? These networked computers, or miners, process the transaction in exchange for a payment in Bitcoin.
This is Matthew's height. You get one guess, and you have to be exactly correct to the nearest inch.
What is 6'3?
This is what just recently happened concerning the U.S. re-paying the debt it owes. Explain this current event and how it affected US/global markets.
What is the debt ceiling crisis?
The name of the serial entrepreneur and billionaire who dropped out of Ridge High School in the 1990s.
Who is Jared Isaacman?
The difference between a stock market and a stock exchange.
What is a stock exchange is a marketplace or the infrastructure that facilitates equity trading? On the other hand, a stock market is an umbrella term representing all of the stocks that trade in a particular region or country.
Name three positives and negatives of mining cryptocurrency.
(Many answers work).
This is the business club teacher advisor who retired three years ago.
Who is Mr. Kohut?