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By Staff Reporters
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Markets: Stocks just finished a period of high volatility and biotech companies in particular are feeling unsteady. The sector is off to its worst start to a year since 2016 and Moderna is the worst performer in the S&P 500.
Social Media: More than 95,000 people lost a collective $770 million due to fraud on social media last year, a new FTC report found. That represents 25% of all reported losses to fraud in 2021 and a breathtaking 18x increase over social media scam losses in 2017. Driving the surge was bogus cryptocurrencies. In fact, investment-related scams were the most prevalent type of fraud on social media, accounting for 37% of all losses. Romance scams (24%) were No. 2, and online shopping scams (14%) won the bronze medal.
Employment: The January employment rate dropped, but with Omicron forcing so many Americans to call out sick last month, the data may be specious. Economists polled by Dow Jones are estimating the economy added 200,000 jobs last month.
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: Alerts Sign-Up, Ethics, Glossary Terms, Health Economics, Information Technology, Investing, LifeStyle, Portfolio Management, Risk Management | Tagged: economists, economy, employment, Investing, Moderna, NASDAQ, omicron, romance scams, social media, social media scams, stock markets | Leave a comment »
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