According to one prominent economic analyst, the stock market could be poised to literally rip people's faces off this spring. OK, maybe he doesn't mean that literally, but if you listen to Tom Lee, he might just have you convinced that the strong start to trading so far in April is likely to last for the rest of the month and perhaps even the rest of the spring. Lee, the co-founder of Fundstrat Global Advisors, made his bold prediction on an episode of CNBC's "Fast Money" recently. "Face ripper," by Lee's definition, is a market that's really strong and also ...Continue reading
Now that he's checked the $1.9 trillion stimulus package off his "to-do" list, President Joe Biden has shifted gears to his next big focus — infrastructure. Now, both Republicans and Democrats alike agree that America's infrastructure is overdue for a major upgrade, it's how to upgrade the infrastructure that is what they cannot agree on. Keep in mind that infrastructure was also thought to be a priority of President Donald Trump as well, but we didn't see a major plan go through Congress. Noting this, infrastructure isn't the slam-dunk that many assume that it is, and this was confirmed in ...Continue reading
If you're planning to sell your home, let us just extend a hearty "congratulations" to you, as chances are you're going to be receiving a significant return on your initial investment. As you probably already know, the housing market is absolutely white-hot right now — if you're a seller, that is. If you're a buyer, you can prepare to do your best to out-bid your competition, which you can be certain will be plentiful. In fact, according to real estate experts, home prices have increased by an average of 16 percent from last year. In some areas of the country, ...Continue reading
Ameriprise Financial manages assets worth over $970 billion. Their January 2021 survey included over 3,000 Americans between the ages of 30 and 70, who had at least $100,000 in assets to invest. How did the pandemic affect their income during the pandemic? While the pandemic took a toll on the economy, for investors and savers that toll, according to the survey was uneven to nonexistent. Survey results were: 63% said their income was not impacted at all 25% said they are earning less during the pandemic 10% said their income actually increased What about spending habits during the pandemic and ...Continue reading
Tax day has been extended to a month to May 15 this year. And a new study has found that about one-third of those who have yet to file this year are uncertain if they'll receive a refund. NORC at the University of Chicago recently surveyed more than 1,000 adults and found that 32 percent of those who responded to the survey were unsure of whether or not they would be due a tax refund this year. Part of the reason for this uncertainty is how unique 2020 was. Tens of millions of Americans went on unemployment in the wake ...Continue reading
Microsoft is reportedly in talks to acquire the social media platform Discord in a move that could further boost the software giant's dominance on the gaming industry. Discord is a community-based service that allows users to participate in forums, voice chat, and video chat in groups. Initially, it was primarily marketed to gamers, but the platform has since grown to become a holistic community of its own. Membership boosted exponentially during the earlier phases of the pandemic, and this growth hasn't shown signs of slowing down. People familiar with the matter have reported on the sales talks, although Discord has ...Continue reading
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