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Amy G, Senior VP at Adecco Staffing, talks about holiday hiring trends and rising part-time work. South Korea banning borrowing shares to address issues with illegal naked short selling. Robinhood becoming more like Buffett with its interest income. Big reaction to Toast's slight guidance adjustment and what it bodes for growth stocks.
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Quick takeaways
- South Korea bans borrowing shares to combat illegal naked short selling, seen as a political response rather than a significant problem solution.
- Robinhood's decline in trading activity and revenue highlights the potential revenue sources of generating more interest income and investing uninvested cash.
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South Korea Bans Trading on Borrowed Shares Amid Short Selling Scandal
South Korea has implemented a ban on trading on borrowed shares for companies in its major indices until the summer of 2024. The ban comes after regulators discovered instances of illegal naked short selling by global financial institutions, primarily European banks. However, the total amount of naked short sales was relatively small compared to the overall size of the market. This move has been viewed by some as a political response rather than a solution to a significant problem.
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