Reading Time: 3 minutesWhen you read all those stories about the 1%—or even the top 5% or 10%—it may raise the question: How much money do you need to pull in to be in one of those groups? You’ll need at least six figures to count yourself among the nation’s top earners. Key Takeaways You’ll need to pull in
Reading Time: 3 minutesSource: Deacons docs / Shutterstock.com The U.S. national debt just reached $33 trillion for the first time, heightening concerns about America’s fiscal health amid signs that the economy is slowing and with a government-wide shutdown looming on the horizon. According to projections by the U.S. Treasury Department, the national debt in the U.S. is on
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Reading Time: 5 minutesEvery so often, certain stocks get beaten down so badly, they end up trading in the low single digits. Some stocks never find their way back to higher prices, but others rebound and may allow investors to make significant profits on both appreciation and higher dividend yields.But deciding which low-priced stocks to buy as turnaround
Reading Time: 2 minutesThe J. M. Smucker Co. SJM announced plans to acquire Hostess Brands TWNK for $34.25 per share, implying a total enterprise value of $5.6 billion.Hostess, founded in 1930, has been through two Chapter 11 bankruptcies. The company was bought out of liquidation a decade ago by two investment companies and then returned to the public
Reading Time: 2 minutesCathie Wood-led Ark Invest made significant trades on Tuesday, including a noteworthy move involving Zoom Video Communications ZM and Nvidia Corporation NVDA.The Zoom trade took center stage, with Ark Invest purchasing $8.1 million worth of Zoom shares, based on Tuesday’s closing price of $65.83. Ark Invest purchased 122,831 shares of the company through ARK Innovation
Reading Time: 3 minutesSource: gvictoria / Shutterstock.com It’s been an excellent month for cannabis stocks and it’s not hard to see why. All evidence points to the fact that the federal government is considering rescheduling the recreational drug from Schedule I to Schedule III. These “schedules” refer to the government’s classification of a drug’s severity with Schedule I
Reading Time: 2 minutesKeeping Tabs on Open Interest (Or Where Do Options Go When They Die?) As opposed to stocks, which have a fixed number of shares outstanding, there’s no minimum or maximum number of option contracts that can exist for any given underlying stock. There will simply be as many option contracts as trader demand dictates. Remember:
Reading Time: 2 minutesWhen the market feels uncertain, investors often turn to assets that can provide them with stable returns.With tech stocks seeing wild volatility as we head into the summer, there’s a way to tap into their potential without taking on excessive risk. Enter, Invesco QQQ Trust Series 1 QQQ.For the unaware, QQQ is an ETF that
Reading Time: 2 minutesThe cryptocurrency market fell to start the week as traders turned their focus to new inflation data and digested the latest in the SEC’s legal battle with Ripple.Bitcoin fell more than 2.8% to trade at $25,004.45, according to Coin Metrics. Ether, whose moves follow those of bitcoin as a “blue chip” crypto asset rather than
