FINA Test 1 Current Events

Apple Card Event

Apple partners with JPMorgan Chase, apple has a decent percentage of sub-prime borrowers, during a time when delinquent payments at an all time high

Trump Rates Event

Trump wants to cap credit card rates at 10% for a year, which provides faster debt payoff but is risky and possibly illegal

Earnings Call

Discussion of quarter’s financial results compared to expected, TSMC had beaten expectations

Ratios

Tesla has a very high p/e ratio, investment banking ratio= enterprise value/EBITDA

DJIA

Index of largest firms, biased towards high share price firms

S&P 500

Index of 500 firms, including magnificent 7 (Nvidia, apple, Microsoft, amazon, google, meta, tesla)

Trump/Fed Event

Gold, silver, crypto lost value, trump nominates kevin warsh for new chairman, is anti inflation and tight money supply

AMD

advanced micro devices, beat expectations but decreasing future outlook

DOW 50k

Dow passes 50,000 causing optimism and shows rapid growth over last 40 years

Google

Google will double expenditures in 2026, issued billions in debt, including 100 year maturity debt in europe

2007-08 financial crisis

Loose policies allowed for subprime mortgages and CDOs, which collapsed when interest rates rose, causing major institutions like AIG to implode