Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Billionaire investor Chamath Palihapitiya, the chairman of Virgin Galactic who took the company public through a SPAC deal in 2019, sold his remaining personal stake earlier this week, a securities
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More than 24 million households in the U.S. have Roth individual retirement accounts, which accounted for $810 billion in retirement assets as of 2019, according to the Investment Company Institute.  The retirement savings vehicles are funded with after-tax dollars, which means distributions are tax-free. Key Takeaways Roth IRAs are retirement savings vehicles that are
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Perhaps one of the more perplexing yet simultaneously intriguing wagers in the market, there’s no shortage of opinion on Carlotz (NASDAQ:LOTZ), the user-car dealership that’s threatening to disrupt the way Americans purchase secondhand vehicles. On one hand, a compelling bullish case exists based largely on the pandemic. However, economic concerns also weigh heavily on LOTZ
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This pandemic has presented the global economy with an unprecedented challenge. The level of globalization, ease of travel from one country to another and the ensuing shutdowns contributed to the sharpest economic decline the developed world has ever seen. These conditions also made for unprecedented volatility in the stock market, sending even high-quality dividend stocks
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The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. Elon Musk’s SpaceX denounced a subpoena from the Department of Justice for its corporate hiring records, saying in a court filing that the investigation by the federal agency’s Immigrant and Employee
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