Twenty social media influencers in the UK were interviewed by the Financial Conduct Authority under criminal powers for promoting unlawful financial activities. The FCA also issued alerts against 38 social media accounts for potential illegal promotions. The crackdown comes as the regulator warns of increasing scams targeting young people influenced by ‘finfluencers’ and the risks associated with following financial advice on social media.
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Why AT&T Stock Jumped Today
AT&T (NYSE: T) saw its stock rise by 1.6% during Monday's trading, outperforming the S&P 500 and Nasdaq Composite, which gained 0.1% and 0.3%, respectively. The increase was partly fueled by positive market sentiment following Verizon's bullish second-quarter earnings report, which investors interpreted as a good sign for the telecommunications sector. Want More Context? 🔎
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