What happens to the price of a share of stock when the stock splits?

Business Trivia / September 16, 2024

It Goes Down. Investors hold more shares but the price is adjusted so that each share is worth less.

What do they call a problem faced by uninformed winning buyers?

Business Trivia / September 15, 2024

Winner's Curse. Uninformed participants who receive larger allotments of issue than uniformed suffers from winner's curse.

How did super-rich Bruce Kovner make his billions?

Business Trivia / September 15, 2024

Hedge Funds. Bruce Kovner ranked 91st on "Forbes" 2006 Rich List calls New York, NY home and was worth $3 billion.

What are "Blue Sky Laws" designed to do?

Business Trivia / September 14, 2024

Protect Against Securities Frauds. The first "blue sky" law was enacted in Kansas in 1911.

Who said of NAFTA "you're going to hear a giant sucking sound of jobs being pulled out of this country"?

Business Trivia / September 14, 2024

Ross Perot. Ross Perot's father was a cotton broker.

Who founded the Oracle Corporation, a producer of database software?

Business Trivia / September 13, 2024

Lawrence J. Ellison. Oracle Corporation incorporated as Software Development Laboratories (SDL) in 1977.