Editor’s note: Below you’ll find the week 103 release of the NYC Recovery Index, originally published August 23, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery progressed slightly for the week ending August 13, 2022, with the overall index score rising by one percentage point to 73
The top nationwide rate for most certificate of deposit (CD) terms was flat this week, with two exceptions. The rate on the top-paying 1-year CD is about a tenth of a point above last week’s, while the 6-month term gained a new dramatic leader, which raised the ceiling to 4.00%. Also notable is that this
Psychedelics stocks are becoming increasingly mainstream, in part due to changing social attitudes. Psychedelic drugs “are a loosely grouped class of drugs that are able to induce altered thoughts and sensory perceptions.” Recent medical research highlights that the use of psychedelics can have “positive effects on anxiety, depression, and existential distress with little side effects.”
It’s the very end of the current earnings season, with only a couple of companies left to report financial results. With more than 99% of the companies listed in the S&P 500 index having reported their finances, the results for the January through March period have held up fairly well. However, pessimism is growing for
If you’re looking for tech stocks to buy, it might help to look to the market for emerging trends. A recent note to clients by investment bank Goldman Sachs (NYSE:GS) highlighted the fact that hedge funds are once again buying U.S. technology stocks. In fact, during this year’s second quarter, hedge funds increased their investments
Tesla Inc. (TSLA) is an American electric car and power train designer, developer, manufacturer, and distributor headed by serial entrepreneur Elon Musk. The company was founded in 2003 and is headquartered in Palo Alto, California. Key Takeaways Tesla has several competitors among traditional carmakers, such as Ford and Honda. Tesla has managed to see success
When the value of a margin account falls below the broker’s required amount, the investor must deposit further cash or securities to satisfy the loan terms. A failure to promptly meet these demands, known as a margin call, can result in the broker selling off the investor’s positions without warning as well as charging any applicable
Doubling your money is a badge of honor, often used as bragging rights at parties and around the Thanksgiving dinner table. Spurious promises to double one’s money can also be made by overzealous advisors or worse, scamsters and fraudsters. Perhaps the urge to double one’s money comes from deep in our investor psychology—the risk-taking part
With the equities sector possibly on the verge of a downtrend, now is a good time to consider no-brainer long-term stocks to buy. As you probably heard, Federal Reserve chair Jerome Powell had less-than-exciting news to deliver to investors. Essentially, the Fed recognizes the enormous challenges which rising inflation caused. Therefore, the central bank remains
Effectively, the gold-silver ratio represents the number of ounces of silver it takes to buy a single ounce of gold. For the hard-asset enthusiast, the gold-silver ratio is common parlance. For the average investor, it represents an arcane metric that is anything but well known. The fact is that a substantial profit potential exists in
In this article BBBY BIG NKLA FANG JACK BBY FSLR A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots – Shares jumped 7.8% after the discount retailer posted a smaller-than-expected loss for the recent quarter.
Geo Group (NYSE:GEO) stock has been making headlines this month. That’s not due to any news directly related to the private prison operator, but rather to a recent 13F filing submitted to the U.S. Securities and Exchange Commission (SEC) by investor Michael Burry. As InvestorPlace’s Eddie Pan reported on Aug. 15, Burry’s firm Scion Asset
Warren Edward Buffett, legendary value investor, turned an ailing textile mill into a financial engine that powered what would become the world’s most successful holding company. Known as the “Oracle of Omaha” for his investment prowess, Buffett has amassed a personal fortune in excess of $100 billion, according to Forbes. He inspires legions of loyal
Preston talks with prolific Bitcoin writer and educator, Gigi. They discuss how Bitcoin solves the time-stamping problem among many other fascinating topics and themes. IN THIS EPISODE, YOU’LL LEARN: 0:00:00 – Intro 0:02:22 – What Gigi is most excited about in 2022 0:04:08 – What causes people to see Bitcoin from the bottom-up. 0:13:36 –
In today’s episode of let’s talk stocks, we are going to talk about some technical analysis, more specifically about the head and shoulders stock chart pattern. This is a reversal pattern. We’ll take a look at what the pattern looks like, its previous trend, volume, projections, some of its entry points, and finally, I’ll give you
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The Inflation Reduction Act has historic climate provisions, including tax credits, rebates, and subsidies for clean power and electric vehicles. The bill also includes $5 billion in grants to protect forests and more than $20 billion to support climate-smart agriculture practices. These practices are meant to reduce greenhouse gas emissions, increase the storage of carbon in
The Inflation Reduction Act (IRA) of 2022 is legislation that significantly impacts Americans in different ways. While the legislation aims to reduce the impact of inflation and address energy issues, it also includes provisions to lower prescription drug costs, especially for those on Medicare. Among its key provisions affecting drug costs, the Inflation Reduction Act
In this article BBBY BIDU FSLR BIG BBY TWTR Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy gained 2.6% in the premarket after the electronic retailer beat Street forecasts on the top and bottom lines for its latest quarter, while comparable store sales declined less than expected. Big
Considering how markets have been moving so far this year, you might feel that meme stocks are a thing of the past. Once the markets take a bullish turn, though, expect the retail trading frenzy to feature again. It’s been a forgettable year for equity markets, with the S&P 500 off to its worst start