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Biden said he lived on his Senate salary instead of playing the stock market. Trading in Congress has long been criticized by government watchdogs, who say the access to nonpublic information ...
The stock market had a record-breaking run last year, but members of Congress still managed to outperform it with their portfolios making staggering gains in industries where they wield ...
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Loeffler and Sprecher had sold at least $18.7 million in Intercontinental Exchange stock before the 2020 stock market crash. [63] After being criticized for the trades, Loeffler and Sprecher sold their individual stocks in an effort "to move beyond the distraction" caused by trades they made before and during the market decline caused by the ...
Congress only managed to pass 27 bills in 2023, but many of its members had a much more productive year in the stock market, according to a new report that highlights their trading performance ...
This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. It displays the net worth (the difference between assets and liabilities ) for the member and their immediate family, such as a spouse or dependent children.
The Congressional effect is a stock market phenomenon or calendar effect, where stock prices tend to show a correlation in performance and volatility to the operating schedules of the US Congress. The phenomenon was coined as “The Congressional effect” by Eric T. Singer, a New York based finance professional and mutual fund manager.
Congressional stock trading is back in the limelight following a New York Times analysis that found 97 members of Congress engaged in stock market transactions that could potentially be seen as ...