Lotteries are a big business. Hopeful individuals dreaming of huge and potentially life-changing cash prizes spend a significant amount of cash every month. Lottery proceeds help fund public sector programs, including education, park services, and funds for veterans and seniors. The Mega Millions and Powerball lotteries have become a key feature of monthly consumer spending
Preston Pysh & Mike Peterson have a detailed conversation about the International Bitcoin summit for central bankers that recently took place with 44 nations in El Salvador. Additionally, Mike talks about standing up Bitcoin Beach and what impact it has had on the community. 00:00:00 – Intro 00:02:22 – What it was like to stand
Triple Top Pattern: – A reversal pattern. – It forms from a previous uptrend. – You need to be aware that this pattern has the potential to be multiple patterns, and you cannot be sure that it is a triple top until it hits the third point on the resistance line. – Once it breaks
Ben Rains explores where the stock market and the economy stand as Q2 earnings season winds down and Wall Street wrestles with what’s next for inflation and interest rates. Amid the continued unknowns and following the huge comeback off the mid-June lows, investors might want to consider buying top-ranked stocks that pay solid dividends and
Slightly less than half of e-filed tax returns are self-prepared; paid tax preparers complete the rest. Of course, many taxpayers who complete their own returns do so with the help of tax software, such as Intuit TurboTax, TaxSlayer, and H&R Block Online. Whether you’re better off with a software package or a tax pro depends
Electric vehicle (EV) manufacturer Tesla (NASDAQ:TSLA) recently approved a stock split. This event should entice more people to invest in Tesla. Furthermore, TSLA stock still offers exposure to an EV-market pioneer, and the Inflation Reduction Act will work in Tesla’s favor. I already pounded the table in favor of Tesla as the official shareholder record cutoff
Shares of AMC (AMC) fell 42% yesterday as its new APE preferred shares began trading, while major cinema operator Cineworld warned of potential bankruptcy. AMC’s APE units debuted yesterday after being distributed to investors as a special dividend. The company said investors would receive one APE share for every share of Class A AMC stock they own, effectively
The safest blue-chip dividend stocks can be pretty easy to sort out. Investing in them makes sense in turbulent times like those we are currently experiencing. Generally, blue-chip stocks that don’t pay dividends are younger firms like Amazon (NASDAQ:AMZN) that continue to seek to accelerate growth. Blue-chip stocks represent companies with household names that have proven
Five companies, including cryptocurrency exchange FTX US, have been served with a cease and desist letter by the Federal Deposit Insurance Corporation (FDIC). The letters have been sent over issues related to “false and misleading statements” regarding the companies being insured by the FDIC. The companies that have been sent these letters are FTX US,
Take a look at some of the biggest movers in the premarket: Zoom Video Communications (ZM) – Zoom tumbled 11.5% in the premarket after the videoconferencing company cut its full-year forecast. Zoom reported better-than-expected earnings for its latest quarter, but revenue fell short of forecasts. Zoom’s CFO said the company is having some difficulty attracting
Top-rated large-cap stocks can offer a bit of security in volatile times. After the relief rally earlier this month, stocks may be in for another bout of weakness. Uncertainties like inflation, rising interest rates and a potential recession have still yet to be fully absorbed by the market. That may be a discouraging prospect for
Blue-chip stocks under $15 aren’t always easy to find. Many blue-chip stocks, of course, trade at relatively high prices. That’s because, by definition, blue-chip companies have had a significant degree of success, and the stock prices of successful firms tend to climb meaningfully. Yet it is possible to find attractive, blue-chip stocks under $15. That’s
Options trading may seem overwhelming at first, but it’s easy to understand if you know a few key points. Investor portfolios are usually constructed with several asset classes. These may be stocks, bonds, ETFs, and even mutual funds. Options are another asset class, and when used correctly, they offer many advantages that trading stocks and
Cineworld Group PLC (CINE.L), a leading global operator of movie theaters, is considering bankruptcy protection, including a Chapter 11 filing in the United States. Based in the United Kingdom, Cineworld is the second-largest cinema business in the world, based on the number of screens. It operates in 10 countries with 751 sites and 9,189 screens.
As central banks around the world have been aggressively raising interest rates to combat inflation, Turkey’s central bank is taking a very different approach. Despite inflation soaring to nearly 80%, Turkey’s central bank announced it has decided to cut its interest rate from 14% to 13%. It had been at 14% for the past seven months. Analysts had
Expectations for the Federal Reserve’s next interest rate hike at its upcoming meeting in September have shifted following yesterday’s release of minutes from the Fed’s July meeting. Ahead of the release, traders had been evenly divided between an increase of 50 basis points (bps) and an increase of 75 bps, according to CME Group, based on fed funds futures data.
Ray Dalio may not get as much attention as some other hedge fund managers like Cathie Wood, Jim Simons and Steven Cohen. Yet, he’s earned his place among the world’s top fund managers. Dalio’s Bridgewater Associates manages more than $150 billion in capital. So, investors should be paying attention to the stocks that Ray Dalio is
Thailand is a good example of a developing country that, with rapid economic growth, has graduated from the ranks of undeveloped countries in just a generation or two. It was a low-income country in the 1980s, but the World Bank upgraded it to “upper-middle-income” status in 2011. From 1960 to 1996 its economy grew by
In 2020, r/WallStreetBets captured business news headlines. The forum squeezed hedge funds that bet foolishly against GameStop (NYSE:GME). In hindsight, the group created frenzied momentum buying short squeeze stocks at the perfect time. The government locked down the economy. To offset depression-level economics, governments gave free money to people while slashing interest rates to historic
Fuel cell energy stocks have been making headlines during the summer. The industry is likely to substantially benefit from the recently signed Inflation Reduction Act, which “includes support for hydrogen through a new tax credit that will award up to $3/kg for low carbon hydrogen.” Investors seem to agree, with the NASDAQ Clean Edge Green