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CNBC’s Jim Cramer said Friday that investors should feel more confident that an orderly transition of power from President Donald Trump to President-elect Joe Biden should occur — suggesting a “Black Swan” event that Trump refuses to leave the White House, despite losing a democratic election, appears unlikely. Cramer pointed to a number of developments
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Marijuana is now legalized in some form in 35 states and the District of Columbia—medically, recreationally, or both. Canada legalized cannabis across the country in 2018, five years after Uruguay did. As such, investors are scrambling to get a piece of an industry that has the potential to grow, with sales expected to reach as
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Inverse oil exchange-traded funds (ETFs), which are leveraged and can be highly risky, seek to short either a single energy commodity or a combination of several energy commodities. Examples of the types of commodities typically shorted by these ETFs include crude oil, gasoline, and heating oil. These ETFs gain when prices of the underlying oil-based
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Getting started with an individual retirement account (IRAs) can seem complicated, but it takes just a few simple steps. Years from now, you’ll thank yourself for taking the time to make the right investment decisions. Key Takeaways You can set up an IRA at almost any bank, brokerage, or other financial institution. When picking a
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What is the Racial Retirement Wealth Gap? Racial minorities in the U.S. have less saved for retirement than White Americans, putting them at an increased risk of instability in their post-work years. While half of Americans are at risk of being unable to maintain their standard of living in retirement, minorities face an even-more-pronounced risk
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Could all those retirees in Florida and Arizona have it wrong? For decades, older Americans have migrated south once they left the workforce, settling in states where they can enjoy year-round sunshine. But according to a report from the Center for the Future of Aging of the Milken Institute—a think tank that focuses on economic and
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For many people, converting a traditional IRA to a Roth IRA is a good move. With Roth IRAs, there are no required minimum distributions (RMDs), the money grows tax-deferred, and qualified distributions are tax-free. One drawback, though, is that if your traditional IRA contains both deductible (before-tax) and nondeductible (after-tax) amounts, you must treat the
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“Quantitative easing” refers to steps that the U.S. Federal Reserve takes in attempting to boost the country’s lagging economy. Historically, the Fed’s main tool for spurring growth has been lowering short-term rates. However, QE employs expansionary monetary policy, which involves the purchasing of bonds when the interest rate can no longer be lowered. In September
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A Nov. 9 press release from Pennsylvania-based mergers and acquisition litigation specialist Brodsky & Smith LLC caught my attention. It centers around the pending merger between special purpose acquisition company Landcadia Holdings II (NASDAQ:LCA) and Golden Nugget Online Gaming Inc. If you own LCA stock, you might want to reconsider your position. Source: rawf8/Shutterstock.com Here’s
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Trading at a low valuation, especially for a growing company in the tech sector, McAfee (NYSE:MCFE) has some significant, positive attributes. Nonetheless, I advise investors to wait until after the company reports its third-quarter results before buying MCFE stock. Source: Tada Images / Shutterstock.com McAfee has outstanding products, a high number of customers, a strong
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Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images This week, investors shifted money away from high-flying tech stocks, and into beaten-down groups like energy, industrials and real estate. These sectors, which are more sensitive
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