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On March 29, 2022, Gamestop stock ground to a halt on the NYSE. TheStreet reports that stock exchange officials ordered that the popular stock — along with the equally popular, and meme-able, AMC stock — stop its trading on Wall Street, based on the fact that the stocks were trading at a higher-than-usual volume and their prices were fluctuating to the point of volatility. This move, according to the outlet, could result in the successful stock-taking an unprecedented nose dive. “GameStop was last seen trading 6.1% lower on the session at $178.00 each, a move that would still leave the stock up 41% over the past month, while AMC fell as much as 12% before trading 2.1% into the red at $28.80 each,” reports the outlet. This bit of news could come as shock to investors, who may have been under the impression that the stock would rally amidst growing reports of their new NFT marketplace. With this in mind, we decided to put together a brief primer for everything you need to know about...
Mar 29, 2022
On Monday, Oct. 4, the world experienced a blackout that lasted nearly six hours from social giants Facebook, Instagram and WhatsApp, causing Mark Zuckerberg to subtract from his billion-dollar fortune. According to Forbes, the Facebook head lost $5.9 billion in just a few hours, making him the world’s sixth richest person with a net worth of $121.6 billion. The sharp decline can be attributed to the turmoil created Monday, which caused the platform’s stock to decline 4.9 percent. As AfroTech previously reported, the blackout disrupted the internal systems of the platform with some employees reportedly being locked out of headquarters, unable to access company e-mails and Workplace, the company’s internal communication platform. The social giant’s difficulties have only heightened since mid-September when the Wall Street Journal revealed a series of stories that said Facebook was aware of discrepancies within their products that include misinformation and harmful media effects,...
Oct 5, 2021
Fresh off her winning weekend at the BET Awards, Megan Thee Stallion is spreading the wealth to teach her fans about investing. Today, the “Hot Girl” rapper announced that she’s teaming up with money giant Cash App to give away $1 million worth of stock to fans in an effort to show them how they can use investments to increase their finances. “Me and my thriving empire, Hot Girl Enterprises, have teamed up with Cash App to teach you everything I learned on the way up about money and how you can build your own empire,” she shared in the first clip of her educational video series called “Investing for Hotties.” “Buying stocks isn’t only for the big players,” she adds. “Anyone can start with as little as $1. Putting in a little money and seeing how it moves is a great way to learn about the stock market and start building up a portfolio.” She also posted about the giveaway on her social media pages writing. “Listen up, Hot Girl CEO and @CashApp are here to teach you about investing. To...
Jun 29, 2021
As countries begin to vaccinate their populations, businesses will begin to reopen. With those re-openings, and the jobs that will be restored in their wake, the economy will gradually begin to make up lost ground. As workers are rehired and incomes begin to grow, so too will consumer confidence. And both mass vaccinations and rising consumer confidence will also allow us to begin to venture out again and be social once again, which ill provided ballast to the ailing hospitality, outdoor recreation, travel, and restaurant sectors. Some businesses are better positioned to take advantage of these expected developments than others. If you’re looking to invest in stocks sure to surge when the economy reopens, look no further than these five stocks. Expedia The biggest company in travel-related search and bookings, Expedia’s stock should grow nicely as consumers begin to travel more frequently. The company owns large players in the online booking space like Orbitz, Travelocity, and...
Mar 20, 2021
Many of us who’ve weathered the pandemic-related economic downturn relatively well may have blown some or all of that money on impulse buys. It’s understandable both given the psychic toll of 2020 and the suspect spending habits many of us have. However, with additional checks likely on the way, it’s best to have a plan now for how you might spend that extra money. Here are five responsible ways to use that next stimulus check. Save your stimulus money Part of the reasoning behind the stimulus checks is that getting money into people’s hands will increase consumer spending and help prop up business revenue. However, while spending may be good for the country, it may not be the most prudent decision for you and your family. If you don’t have savings of at least $1,000 (or preferably three to six months’ worth of living expenses), stash that next check to be prepared for emergencies. Invest in stocks 2020 saw the major stock market indices hit historic highs, making many people...
Feb 12, 2021
Some months it seems like our paychecks don’t stretch as far as they need to go. And while we’re working on landing that promotion and salary raise, that takes time. We can and should be working to build multiple streams of income in our spare time as well. You may have heard the phrase “passive income” — a term that refers to businesses, investments, or other efforts that provide you with additional income without much extra effort after you set them up. With time and effort upfront, you can build one or more of the following passive streams to help you achieve your financial goals. Build — and monetize — a blog You can make money by developing your own blog. First, you’ll have to pick a unique niche, publish engaging content consistently, and make sure users can find your content. As you build traffic to your site, you can make money through selling display ads as well as through an affiliate marketing program of a major retailer like Amazon. When someone comes to your blog, sees...
Jan 31, 2021
Despite the widespread economic pain the pandemic has inflicted across the country, the U.S. stock market indices posted record highs lately, making many investors quite a bit richer. There are real opportunities to build wealth by investing today and you don’t have to miss out. Financial firms have made it easier than ever to invest with smartphone apps that can get you started with just a few dollars. If you’re new to investing, it’s understandable if you’re not sure which app-based investing platforms are reputable, which ones fit your investing needs, and what the investing requirements of each are. Here’s a quick guide to three of the most reputable app-based brokerage services (as reviewed by Bankrate , NerdWallet , and Forbes ) on the market today: Acorns When you sign up for this app and link a credit or debit card to it, Acorns will round up your purchases to the nearest dollar and invest your spare change, if you’d like. You can also make recurring contributions for as...
Jan 15, 2021