Cavan Images | Cavan | Getty Images Hunter S. Thompson famously coined the phrase ‘Buy the ticket, take the ride.’ Investors should heed the words of the cannabis iconoclast as they consider if, and most importantly when, to invest in the nascent, but booming U.S. cannabis sector. This past week, Senate Majority Leader Chuck Schumer
Investing News
Unless their parents have somehow saved enough money—or earn massive salaries—most students need to borrow to pay for college today. Working your way through college is largely a thing of the past, as well; few students can make enough to pay for college while they’re also taking classes. For that reason, student loans (and student
The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate holdings and move to other brokerage firms. The Federal Trade Commission received more than 100
How Does FAFSA Work? It’s important for every family with college-bound members to know how FAFSA works. Families often dismiss the idea of applying for financial aid for college because they think they make too much money to qualify. But regardless of how much a family earns, they may be eligible for some form of
[This livestream is scheduled to begin momentarily. Please refresh the page if you do not see the player above.] SpaceX is preparing to launch the latest prototype of its next-generation Starship rocket on Tuesday, in the second high-altitude flight test of the system. Starship prototype Serial Number 9, or SN9, will fly as high as
What Is an UTMA/UGMA 529 Plan? An UTMA/UGMA 529 plan is a custodial 529 college savings plan account funded with money from an existing Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) account. It differs from a traditional 529 plan in several important respects. Key Takeaways You can move money
A Starlink user terminal installed on the roof of a building in Canada. SpaceX Boxes containing Starlink kits, with user terminals and Wi-Fi routers. Starlink Starlink is SpaceX’s ambitious project to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the
More than 80% of college students today receive financial aid in the form of scholarships, grants, or low-interest loans. Scholarships are one of the most attractive types of aid because they don’t have to be repaid—unlike loans, which eventually do. Here is what you need to know about both need-based and merit scholarships and how
Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading saga and how it is impacting markets. However, she said the situation isn’t impacting how she approaches monetary policy and doesn’t see the Fed making any adjustments in reaction to the Wall Street uproar. “I don’t think it’s something
Tesla, Inc. (TSLA) is trading lower by 3% in Thursday’s premarket after missing fourth-quarter 2020 profit estimates by $0.23 per share, earning just $0.80 per share. Revenue rose 44.9% year over year to $10.7 billion, greater than the $10.38-billion consensus estimates. Gross margin fell to 24.1% from 27.7% in the third quarter, while deliveries surged
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation
Both collateralized mortgage obligations (CMOs) and collateralized bond obligations (CBOs) are similar in that investors receive payments from a pool of underlying assets. The difference between these securities lies in the type of assets that provide cash flow to investors. Collateralized Mortgage Obligation (CMO) What Is a Collateralized Mortgage Obligation? A CMO is a type of
Stash co-founders, Brandon Krieg and Ed Robinson. Source: Stash Stock-trading app Stash plans to announce a $125 million venture investment to help fuel customer growth. But it’s not looking to attract the type of trader who might bet on GameStop. The New York-based company will announce a Series G funding round Wednesday, led by Eldridge
Robinhood Markets is a discount brokerage that offers commission-free trading through its website and mobile app. The company generates significant income from payments for order flow, a common although controversial practice whereby a broker receives compensation and other benefits for directing orders to different parties for trade execution. Robinhood refers to this revenue as “rebates
An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. The conflict has sent GameStop on a stomach-churning ride with amateur investors taking on the financial establishment in the mindset of the Occupy Wall Street movement launched a
Silver commodity futures have been the subject of enormous speculation since the beginning of February 2021 and have been incredibly volatile as a result. This means that investing in them or ETFs that hold them is substantially riskier than usual. The returns of these 3 ETFs may differ from the returns listed below due to
A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Besides GameStop, other popular short squeeze targets among the Reddit crowd were taking big hits on
Many investors are hesitant to buy individual commodities, but exchange-traded funds (ETFs) make this area accessible to a broader range of investors. Commodities can be a useful hedge against inflation, and they help diversify investment portfolios beyond more traditional stocks and bonds. Commodities such as silver and palladium also are seen as safe havens in
Atlanta Federal Reserve President Raphael Bostic said Monday that he’s not worried about the U.S. economy overheating, though he does think growth could happen faster than many expect. In an estimate well ahead of most of his colleagues, Bostic, a voting member of the policymaking Federal Open Market Committee, recently drew attention for saying that
Online brokers and robo-advisors let you open a variety of accounts, but for people taking advantage of the tax benefits of an Individual Retirement Account (IRA), a few other features come in handy. The best IRA accounts are either traditional stock brokers or robo-advisors that have excellent retirement planning tools and reporting. We looked for