No two Hoovervilles were quite alike, and the camps varied in population and size. Some were as small as a few hundred people while others, in bigger metropolitan areas such as Washington, D.C., and New York City, boasted thousands of inhabitants. St. Louis, Missouri, was home to one of the countryâs largest and longest-standing Hoovervilles.
Snap shares set new all-time low as investor concerns pile up. Snap's stock fell to an all-time low of $12.52 a share. Instagram said on Wednesday that users under 25 spend more than 32 minutes a day on Instagram. Snap's lockup period is expiring, allowing company insiders and early investors to unleash their shares into the market.
Too little inventory on hand could be good and bad. At times of slowing consumer spending, keeping inventory at low levels should be viewed favorably by a would be investor in retail stocks. This shows that the management team is in touch with economic conditions, while at the same time helping to reduce markdown risk.