Women suffer more from Zoom calls
The Week
Staff
Today's best articles
Daily business briefing
Solving COVID newsletter
Here are three of the week's top pieces of financial insight, gathered from around the web:
A new level of market baloney
"The pastrami must be amazing" at a New Jersey delicatessen whose parent company, which owns no other properties, has a market value of $100 million, said Jesse Pound at CNBC. "Your Hometown Deli" in Paulsboro (population 5,854) has "totaled just $35,748 in sales in the last two years combined, according to securities findings." But it is the sole subsidiary of Hometown International, which started trading over-the-counter shares in 2019. The company "rarely has more than a few hundred shares change hands per day." Nonetheless, Hometown hit a market cap of $113 million in February. The company has about 60 shareholders, some of them based in Macau. The largest shareholder is the company's president-CEO-CFO-treasurer-director, Paul Morina â also the principal of the town's high school, and its wrestling coach.