As the COVID-19 epidemic drags on, and unemployment rises, online equity trading platforms are seeing a surge in use and new sign-ups. The Robinhood app saw Q1 deposits increase by 300% year-over-year, while the popular social trading app eToro saw a 220% growth in trading use. The demographic breakdown of the new online traders makes a more interesting story, however. Data from the Wealthsimple Trade platform shows that 55% of new users are under age 35.The migration of Millennials to online trading should not come as a surprise. Jeff Bishop, founder of Raging Bull Trading, notes, “A lot of people are at home and have got more time on their hands. And many, unfortunately, have lost their jobs and are looking for new opportunities.” Bishop goes on to add that, “Younger investors are looking for ways to recoup their money. They’re really interested in low, beat-up stocks.”With this in mind, we’ve...
The Commercial Vehicle Safety Alliance’s 2020 Operation Safe Driver Week will go on as scheduled, July 12-18, focusing on what CVSA called an "alarming trend of increased speeding on our roadways during the pandemic." ...
While most trucking industry events have either been rescheduled or cancelled, the Commercial Vehicle Safety Alliance’s 2020 Operation Safe Driver Week will go on as scheduled, July 12-18. ...
