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Is a Face Ripper Rally Coming this Spring?

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 … Continue reading “Is a Face Ripper Rally Coming this Spring?”

Raising the Corporate Tax Rate: What are the REAL Costs?

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. … Continue reading “Raising the Corporate Tax Rate: What are the REAL Costs?”

The Housing Market Continues its Hot Streak

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, … Continue reading “The Housing Market Continues its Hot Streak”

How the Pandemic Has Changed Investors’ Priorities

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 … Continue reading “How the Pandemic Has Changed Investors’ Priorities”

One-Third of Americans Don’t Know if They’ll Receive a Tax Refund

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 … Continue reading “One-Third of Americans Don’t Know if They’ll Receive a Tax Refund”

Microsoft wants to Buy Discord for More Than $10 Billion

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 … Continue reading “Microsoft wants to Buy Discord for More Than $10 Billion”

Taking Stock of the Stock Market After a Year of Turmoil

A lot of the news we’ve shared over the past year or so has largely been about the ebbs and flows of the stock market as COVID-19 exploded in the United States and began altering life as we know it. We told you stocks to watch, detailed how the market rose with positive news about … Continue reading “Taking Stock of the Stock Market After a Year of Turmoil”

The Impact of the Suez Canal Blockage on Global Trade

The blockage of the Suez Canal by the freighter Ever Green had just been freed at the time of this writing. The Suez Canal, a 120-mile man-made waterway in Egypt that connects the Mediterranean Sea to the Red Sea, is one of the most important pathways for international trade. It’s been operational since the late … Continue reading “The Impact of the Suez Canal Blockage on Global Trade”

Bonds still have a role in the COVID-19 Economic Recovery

The stock market is no place for the shy investor who prefers a low risk-return profile. The only certainty is that not even a 1,000-point pandemic nosedive can keep it down. The market’s steady comeback was expected, but experts were blind-sided by bond yields. Also, the recovery path is still uncertain. Even with increasing optimism … Continue reading “Bonds still have a role in the COVID-19 Economic Recovery”

How Much Will You Get From the New Child Tax Credit?

While many are rightfully focusing on the $1,400 stimulus payments that were guaranteed to most Americans with the recent passage of the $1.9 trillion American Rescue Act, there are various other provisions and parts to the bill beyond the direct payments that are worth highlighting. In a recent post, we took a closer look at … Continue reading “How Much Will You Get From the New Child Tax Credit?”

COVID-19 Unemployment Fraud Costs Taxpayers $200 Billion

The federal government in the United States is spending more money now than at any other point in history. To the surprise of absolutely no one, a lot of those funds are being mismanaged. The California payout of over $11 billion in fraudulent unemployment claims was just the tip of the iceberg. One computer security … Continue reading “COVID-19 Unemployment Fraud Costs Taxpayers $200 Billion”

The Fed: No Interest Rate Hikes Until 2023

If the Federal Reserve is to be believed, a stronger economy is soon to emerge as the United States turns the corner on the COVID-19 pandemic. And while the Fed expects inflation to also increase, in a recent meeting it stated that it will not institute any rate hikes — at least for the next … Continue reading “The Fed: No Interest Rate Hikes Until 2023”

If You’re in Your 60s, Here’s How Much You Should Have Saved for Retirement

If you’re in your 60s, you or someone you know have probably felt the financial squeeze caused by the year-long COVID-19 pandemic. You might have lost your job, or had to cut back on your retirement plan contributions just to pay the bills and make ends meet. Thanks to the CARES Act, many savers withdrew … Continue reading “If You’re in Your 60s, Here’s How Much You Should Have Saved for Retirement”

Bitcoin Hits Record High of $60,000

Primed by a recent $1.5 billion investment in Bitcoin from Tesla, the cryptocurrency market has surged again. In fact, the value of an individual Bitcoin has exceeded the U.S. economic outlook prediction that it would hit the $50,000 mark. The world’s biggest cryptocurrency recently reached a record high of $60,000. (Its last closing as of … Continue reading “Bitcoin Hits Record High of $60,000”

The Hospitality Industry’s Long Road to Recovery

Could the hard-hit hospitality industry be raring to make a comeback after being nearly decimated by the COVID-19 pandemic? If you ask Hyatt Hotels CEO Mark Hoplamazian, the answer is “yes.” In fact, Hoplamazian is quite bullish on a recovery for the hospitality industry, and as he told CNBC’s “Closing Bell” recently. He believes it … Continue reading “The Hospitality Industry’s Long Road to Recovery”

$1,400 Stimulus Checks Go Out Today — Here’s What Else is Coming

You might say that the $1,400 checks that are being distributed to most Americans as part of the $1.9 trillion American Rescue Plan signed into law by President Joe Biden represent the metaphorical sizzle. But there’s a lot more steak to this stimulus package as well, which we’ll get into in this post. There’s a … Continue reading “$1,400 Stimulus Checks Go Out Today — Here’s What Else is Coming”

How the Housing Market Survived the Pandemic

The COVID-19 pandemic caused a recession, but not for the housing market. In fact, record-low mortgage rates and surging home prices have already turbocharged the post-pandemic economic recovery. Writes Brian Chappatta in a Bloomberg Opinion piece, “We’ve reached the point at which superlatives don’t do justice to what happened in the U.S. housing market over … Continue reading “How the Housing Market Survived the Pandemic”


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