GLASS-STEAGALL ACT
Act prohibiting commercial banks from engaging in the investment business. Passed by the US Congress in 1933, former Treasury secretary and Senator Carter Glass, and Senator Henry Steagall sponsored the Banking Act of 1933. This was enacted as an emergency measure to reduce or eliminate the failure of nearly 5,000 banks during the Great Depression. The Act lost its potency in the following decades and was repealed in 1999.
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Straight Life Annuity
Insurance product which gives periodic payments to the annuitant until his death. The annuity prohibits annuitants to assign a beneficiary. It can ...
Opening Range
It refers to a security’s highest and lowest prices throughout the first few minutes of daily trading activity. These are important to day tr ...
Upper Management
Upper Management is the term given to an entity that may be an individual or a group of people who have the responsibility to make the essential de ...
Zero Uptick
Zero Uptick is also known as “Zero Plus Tick.” It is a trade executed at the same price as the price in the previous trade but higher t ...
Joint Supply
An economic term that pertains to the product or process that can generate two or more outputs. An example of a joint supply is the livestock indus ...
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How do you want to live?
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Economy Watchers Survey | Apr | |
| 20:00 | Federal Budget Balance | Apr | |
| 01:01 | BRC Retail Sales Monitor | Apr | |
| 01:50 | Summary of Opinions | ||
| 01:50 | M2 Money Supply + CD | Apr | |
| 03:30 | NAB Business Confidence | Apr | |
| 03:30 | Westpac Consumer Sentiment | May | |
| 05:35 | 30-Year JGB Auction | May | |
| 08:00 | Claimant Count Change | Apr |
