Morning Brew Daily Americans Are All-In on Owning Stocks & China Concerns Ground Canada Goose
Oct 20, 2023
CEOs are navigating the tricky waters of corporate responsibility amid the Israel-Hamas conflict. Over half of American households now own stocks, a surge fueled by the pandemic recovery. The debate on net neutrality is heating up, with both sides presenting some compelling arguments. OpenAI is on the rise with potential for significant valuation, while Canada Goose faces challenges in retail due to unpredictable weather. Lastly, a gaming subscription service has skyrocketed in popularity, transforming its finances and user engagement dramatically.
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CEO Response to Crisis
- CEOs face pressure to comment on the Israel-Hamas war during earnings calls.
- Their responses vary, with some making statements and others remaining silent.
Stock Ownership Boom
- More American households own stock now than ever before, exceeding even the dot-com boom.
- Individual stock buying drove this increase, not just retirement accounts.
Net Neutrality Returns
- The FCC is reviving net neutrality rules, classifying internet providers as utilities.
- This aims to prevent providers from manipulating website speeds for profit.