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News From the Control Tower - 10/20/2021 Thumbnail

News From the Control Tower - 10/20/2021

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       SEC says brokers enticed by payment for order flow are making trading into a game to lure investors

Wall Street’s main regulator released its highly anticipated report on the GameStop mania on Monday.

2.       ‘Fiscal Justice Ratings’ Fight Police Brutality With Finance

A new project aims to incorporate the cost of lawsuit settlements and inequality when rating municipal bonds.

3.       The Incredible Disappearing Hotel Breakfast—and Other Amenities Travelers Miss

Guests are finding that perks they’ve long expected, like free breakfast or drinks, are still being advertised even when they aren’t always available anymore

4.       Oregon company’s iron battery breakthrough could eat lithium’s lunch

SB Energy Corp. says it has new technology that can store renewable energy for longer and help overcome some of the reliability problems that have caused blackouts in California and record-high energy prices in Europe.

5.       Welcome to Britain, the bank scam capital of the world

Fraudsters have stolen $1 billion in just six months. The country is the global epicentre for such attacks, according to five of the biggest British banks and more than a dozen security experts who said scammers were buying up batches of consumers' personal details on the dark net to target the record numbers shopping and banking online since the pandemic.

Bonus: Meteorite Crashes Through Ceiling and Lands on Woman’s Bed

After a fireball streaked through the Canadian sky, Ruth Hamilton, of British Columbia, found a 2.8-pound rock the size of a large man’s fist near her pillow.