What we’re reading (1/3)
“Apple Briefly Tops $3 Trillion Market Cap” (Wall Street Journal). “The move marked the latest milestone in a pandemic-era surge that carried shares of Apple and other large technology companies to unprecedented highs. Its share price has more than tripled since the pandemic lows of March 2020, adding around $2 trillion in market capitalization.”
“Wall Street Is Getting Greedy Again” (CNN Business). “The CNN Business Fear & Greed Index, which measures seven indicators of Wall Street's mood, is now showing signs of Greed, with three of the indicators at Extreme Greed levels. Just over a week ago, the index was flashing Fear warnings — and a month ago, it was in Extreme Fear territory.”
“Start The New Year By Asking For That Overdue Pay Raise” (New York Post). “The consensus among compensation experts is that this is the time to speak up.”
“FDIC Chair Intends To Resign In February, Giving Biden More Say Over Bank Regulation” (CNBC). “Jelena McWilliams, the head of the Federal Deposit Insurance Corporation and a holdover Trump appointee, said Friday she intends to leave her position in early 2022. In a surprise announcement, McWilliams said she is resigning effective Feb. 4. The move gives President Joe Biden another opportunity to strengthen his hand over bank regulation.”
“Will The Cloud Business Eat The 5G Telecoms Industry?” (The Economist). “Dish’s network is to be the first in America that would live almost entirely in a computing cloud. Except for antennas and cables, it is mostly a cluster of code that runs on Amazon Web Services (AWS), the e-commerce giant’s cloud-computing arm. As such, the roll-out is a test of the extent to which computing clouds will “eat” the telecoms industry, as software has eaten everything from taxis to Tinseltown.”
