No Picture
Trading Ideas

U.S. auto safety agency notes Tesla accidents with 'Smart Summon' feature

The U.S. National Highway Traffic Safety Administration (NHTSA) said Wednesday it is aware of reports of minor crashes involving Tesla Inc’s Smart Summon feature that allows people to retrieve a parked vehicle remotely by using an app. Several users have posted videos on social media of Tesla vehicles that appear to have been in near accidents, while one posted a video of a Tesla striking a garage wall and another of a Tesla being struck by a vehicle backing up. NHTSA said it “is aware of reports related to Tesla’s Summon feature. …read more […]

No Picture
Trading Ideas

Florida joins Justice Department settlement with Sprint, T-Mobile

Florida has signed on to a consent agreement that the Justice Department reached with Sprint Corp and T-Mobile US Inc to allow the companies to merge, according to a court filing on Wednesday. While Florida’s decision to join the government is a morale boost for the companies, it may have little practical effect since the two sides already settled. Florida on Wednesday joined Kansas, Nebraska, Ohio, Oklahoma and South Dakota in backing the federal government’s decision to approve the deal on condition that the companies, the third- and fourth-largest U.S. wireless companies, divest Sprint’s prepaid businesses to satellite …read more […]

No Picture
Trading Ideas

How To Modernize the SEC

The Securities and Exchange Commission (SEC) is in serious need of reform. The agency isn’t fit to regulate the modern era of securities.
You want proof? Consider exchange-traded funds (ETFs).
The first ETF came on the market in 1993. There were more than 100 ETFs on the market nine years later and around 1,000 by 2009. Now there are more than 5,000 ETFs. ETF assets reached $2.1 trillion in 2015, according to Vanguard. And last week, the SEC finally issued a set of regulations just for ETFs.
It took 26 years for the SEC to get around to regulating ETFs as a unique …read more […]