This week continues with public companies on the New York Stock Exchange announcing their quarter two earnings. The reports of some companies have been very surprising. Chipotle for example…this fast food restaurant chain reported that second quarter digital sales surged 216.3% from the prior year as sales shifted online. Chipotle has provided a road map for others throughout the market – whether it’s fintech, medtech or ed tech – technology that can be accessed by a mobile phone is a powerful step toward survival and growth.
This week marks the 10th anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Ten years ago, as the 2008 financial crisis was casting a long shadow over the American economy, the United States Congress established the Financial Crisis Inquiry Commission. Since the days of Dodd-Frank’s policies, we have learned the investment practices of the big banks, hedge funds, mortgage companies, and the overall financial practices of public companies and their interactions with government regulations can produce a toxic environment when met with a real stress test – like a worldwide pandemic.
Louisiana’s own Aaron Nola will take the mound for the Philadelphia Phillies on opening day. Aaron is a homegrown ace for people in and around Baton Rouge, Louisiana. Aaron will be the first Phillies pitcher to make three consecutive Opening Day starts since Hall of Fame right-hander Roy Halladay.