What Is the STOCK Act? The Stop Trading on Congressional Knowledge Act of 2012, or STOCK Act, became law in the wake of media reports critical of stock trading by members of the U.S. Congress, notably during the 2008 global financial crisis and the legislative debate on the Affordable Care Act in 2009-2010. The STOCK
What Is a Step-Up Lease? A step-up lease is a contract that establishes future price increases for the lessee at set times throughout the life of the contract. Step-up leases are meant to protect the landlord from the risks that inflation or a rising market present for a long-term lease. Such a lease may specify
What Is Sterilization? Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. Sterilization most frequently involves the purchase or sale of financial assets by a central bank and is designed to offset the effect of foreign exchange
DEFINITION of Stern School Of Business At NYU The Stern School of Business at NYU is the business school of New York University. The New York University Leonard N. Stern School of Business (also known as the Stern School or Stern), was founded in 1900 as the School of Commerce, Accounts and Finance. The school
Steve Ballmer is known as an influential technology business executive. He served as CEO of Microsoft Corporation from 2000 to 2014. Considered one of the wealthiest people in the world, Ballmer’s estimated net worth exceeded $90 billion in 2022. Key Takeaways Steve Ballmer attended Harvard University with Bill Gates, founder of Microsoft. Ballmer joined Microsoft
Steven A. Cohen is an American investor and hedge fund manager. He is the founder and CEO of Point72 Asset Management, a family office located in Stamford, Connecticut. As of April 2022, he has an estimated net worth of $17.4 billion. Cohen is also the founder of the now-defunct SAC Capital Advisors, one of the
What Is Stewardship Grade? A stewardship grade is an assessment of the quality of a company’s governance practices, used in mutual fund and stock reports issued by Morningstar, the investment research firm.  Stewardship grades for both funds and stocks range from A (excellent) to F (very poor) based on criteria that measure the effectiveness of fund
What Is a Stick Sandwich? A stick sandwich is a technical trading pattern in which three candlesticks form what appears to resemble a sandwich on a trader’s screen. Stick sandwiches will have the middle candlestick oppositely colored of the candlesticks on either side of it, both of which will have a larger trading range than
What Is Sticky-Down? Sticky-down refers to the tendency of the price of a good to move up easily, although it won’t easily move down. It is related to the term price stickiness, which refers to the resistance of a price—or set of prices—to change. Sticky-down prices may be due to imperfect information, market distortions, or decisions
What Is the Sticky Wage Theory? The sticky wage theory hypothesizes that employee pay tends to respond slowly to changes in company performance or to the economy. According to the theory, when unemployment rises, the wages of those workers that remain employed tend to stay the same or grow at a slower rate rather than
