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
What Is a Short-Term Investment Fund (STIF)? A short-term investment fund (STIF) invests in short-term money market investments of high quality and low risk. This type of fund is viewed as one of the most conservative investments in the financial industry. In addition, short-term investment funds are generally considered to be liquid investments and earn marginally higher
What Is Stipulated Judgment? A stipulated judgment is a court order requiring one party to pay another party a specific amount of money, usually on a payment plan. A stipulated judgment, also known as a consent judgment, is arranged in the courts by a debtor who has limited means of repaying debt, often established as
What is STIX? The Short Term Index (STIX) is a technical breadth indicator that shows the exponential moving average (EMA) of advancing stocks relative to declining stocks. It is used to produce overbought and oversold readings for a basket of stocks as a whole, and thus provides information on whether it is generally a good
What Is Stochastic Volatility? Stochastic volatility (SV) refers to the fact that the volatility of asset prices varies and is not constant, as is assumed in the Black Scholes options pricing model. Stochastic volatility modeling attempts to correct for this problem with Black Scholes by allowing volatility to fluctuate over time. Key Takeaways Stochastic volatility
