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Democratising finance | World Finance


 
During the pandemic, ordinary people piled into stock markets, many for the first time in their lives. Between January and September, big US retail brokerages E*Trade, TD Ameritrade and Charles Schwab saw the total number of average daily trades increase by three quarters to six million, according to Sundial Capital Research.
Lockdown boredom is one explanation for this trading surge. Another is the relative lack of sports betting opportunities and the hunt for returns amid record-low interest rates.
As newcomers flooded into trading, they were drawn to one platform in particular. Robinhood, one of the most high-profile trading apps, reported three million new accounts in the first quarter of 2020. Half of these were first-time traders.

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A Look Back at Those Who Left Us in 2020


Fran Blowitz
Fran Blowitz, who with her husband John owned and operated the Gazette Newspapers from 1981 to 2004, died in November.
After purchasing the paper, Fran and John developed Gazette Newspapers into a two-paper, 66,000 combined-circulation business employing 20 people.
Fran and John were co-publishers, with Fran handling the business end of the operation. She worked tirelessly to keep the business in the black. John said many times that he might be the public face of the
Grunion, but that Fran was the brains behind the operation.
During that time, Fran came up with something she called Valentine's Date Night, which grew to a fundraiser for the heart programs at Long Beach's three major hospitals raising around $40,000 each event.

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