Daily Trade

For low- to moderate-income homebuyers, the prospect of going toe to toe with cash-paying investors for a simple, affordable abode can be daunting — if not financially impossible.  But in Milwaukee, one nonprofit thinks it can level the playing field. Earlier this month, Acts Housing launched an acquisition fund to buy the kinds of single-family homes

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

September is an eventful month for Hulu, which will roll out new seasons of some of its most acclaimed series, but also lose next-day streaming for NBCUniversal shows. Here’s the short and sweet explanation: Disney DIS, -3.50% -controlled Hulu and minority partner Comcast CMCSA, -2.74% (which owns NBCUniversal, including NBC, Bravo, USA, Syfy and streaming

This article is reprinted by permission from NerdWallet.  Major changes to prescription drug affordability for more than 50 million beneficiaries enrolled in Medicare Part D are likely on the way because of a new law. The Inflation Reduction Act “finally delivers on a promise that Washington has made for decades to the American people … We’re giving

The growing threat to democracy is the most important issue facing the country, according to a new poll that also found strong support for continued investigations into the actions of former President Donald Trump. An NBC News poll conducted earlier this month and released Sunday found 57% of respondents agreed that investigations into potential wrongdoing

Scott Burg, the chief investment officer of Deer Park Road Management Co., who made the prediction that Tesla would be “squashed like a bug” in a 2020 tweet, bought put options on almost 4.8 million Tesla shares during the second quarter, according to a regulatory filing this week, Bloomberg and Barron’s reported. The shares TSLA,

The U.S. dollar is back on the upswing and headed toward the year-to-date highs seen in mid-July following a period of relative dormancy over the past month as investors pulled back on expectations of an imminent U.S. recession. The ICE U.S. Dollar Index DXY, +0.58% soared 0.6% to 108.12 on Friday on its way toward

The Senate’s top Republican is out with a sober assessment of his party’s chances for taking the chamber in November’s midterm elections, and he says “candidate quality” is a big factor. Speaking in Kentucky on Thursday, Senate Minority Leader Mitch McConnell said: “I think there’s probably a greater likelihood the House flips than the Senate.

The Federal Deposit Insurance Corporation, which protects depositors against the failure of member banks, on Friday issued cease-and-desist order to five companies including digital-asset exchange FTX U.S., for allegedly making false representations that certain products or stocks are FDIC-insured.  The entities that received warnings also include Cryptonews.com, Cryptosec.info, SmartAsset.com and FDICCrypto.com, according to an FDIC

Is the upcoming stock buyback tax bad news or no big deal? That’s what investors are asking now, following President Biden’s signing of the Inflation Reduction Act into law on Aug 16. For some industries, this $437 billion spending package could potentially result in a windfall. Shares in EV makers like Tesla (NASDAQ:TSLA), as well

This article is reprinted by permission from NerdWallet.  Despite what some travelers might think, booking a hotel in advance usually isn’t a good idea. The savings aren’t huge, but booking at the last minute knocks about 13% off the price of a hotel room, on average. But what about short-term vacation rentals like Airbnb? ABNB, -0.49% NerdWallet

Amid July’s surprisingly robust jobs report, the popular internet search term “tech layoffs 2022” presents a sharp contrast to the underlying enthusiasm. Yes, from a broader perspective, employment may be rising. However, a large chunk of the higher-paying opportunities — particularly in the technology sphere — have considerably faded. While the narrative might not make

Investor Ryan Cohen has confirmed that he sold his entire stake in retailer Bed Bath & Beyond Inc. with profit of more than $58 million, and shares plummeted in after-hours trading for a second consecutive day Thursday. A filing with the Securities and Exchange Commission that was made public after markets closed Thursday showed that

Rules are there to be broken. That may be a standard mantra for anarchists. But for traders such thinking may prove to be dangerously dismissive. Investors therefore may like to consider the latest note from Bank of America’s Savita Subramanian in which the star analyst describes how “one rule with a perfect track record says

My criteria for identifying the top growth stock picks are fairly simple and straightforward. In general, I try to identify names that can benefit from strong, ongoing macro trends and whose businesses are growing rapidly or are very well-positioned to do so. And of course, I only recommend names whose valuations are reasonable, since stocks

The 2-year Treasury yield reached its highest level since June on Wednesday after minutes of the Federal Reserve’s most recent meeting showed policy makers see a risk they might need to tighten “by more than necessary” to restore price stability. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.278% rose 4.4 basis points to

An average American throws out 60-80 pounds of used clothing in a lifetime. Add up all the people tossing the items they’re tired of and we’re talking many lifetimes of polluting degredation in a landfill. Nowadays, as younger generations in particular rethink consumption, the thrift or secondhand store is attracting shoppers who are not just mindful

Hot stocks took on a whole new meaning during meme stock mania. The question now is: are meme stocks back? It certainly looks like it judging by the way several securities have been trading in recent weeks. While some analysts and investors are labeling a slate of companies, primarily financial firms based in Hong Kong,

Stocks aren’t the only thing sizzling this summer. U.S. corporate bonds with speculative, or “junk,” credit ratings also have staged a breakneck rally in recent weeks, picking up momentum seen lately in major stock indexes as investors bet on a softish landing for the economy. Junk bond spreads last week posted their quickest retreat on

Staying healthy, keeping job skills up-to-date and taking classes to learn new skills are the top ways to stay relevant no matter where you are in your career, employers said in a recent study. The problem is that workers aren’t necessarily doing these things. In a recent study by the Transamerica Institute, employers’ top recommendations