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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...
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...
Looking for new investment opportunities, have some disposable cash, and possess a healthy risk tolerance? Well, currency and currency derivatives trading may be a good fit for you. Investors, large and small, trade currencies and derivatives in a massive global marketplace known as the foreign exchange market (also known as forex or FX). To understand forex and the opportunities it may present for you, you need first to understand a bit about currency trading. Currency Trading Say you travel to Japan and need to pay for your food, hotel, and other items while there. You’ll need to exchange your dollars for Japanese yen at a ratio known as the exchange rate. Exchange rates change relative to one another due to central bank manipulation of interest rates, deficits in a country’s current accounts, national debt, and a host of other factors. Institutions and individual investors speculate on the variations in currency prices by buying (or selling) a currency pair — in this case,...
Black Americans lack access to a number of resources needed to build generational wealth. While racial disparities persist in order to widen that divide, Joe Cecala-founded The Dream Exchange and partnered with Cadiz Capital Holding LLC to create the first-ever Black-owned stock exchange in the 230-year history of the U.S. market. According to Market Watch , Cadiz chairman William “Bill” Ellison is the majority owner in Dream, a newly formed free capital platform that brings business owners and investors together. The aim is to expand the general public’s access to the middle market. By listing emerging companies with great potential, Dream will make space for investments in small, diverse businesses at an early stage. “For years my team and I have looked for a way to help mid-size businesses to participate more extensively in the US economy, we feel the Dream Exchange is that way,” Ellison said in a statement. During the current health pandemic, the Dream Exchange has also educated...
The legendary investor Warren Buffet has long shared that he only invests in companies he understands. For that reason, he’s long avoided tech stocks. However, since Buffet began investing, many technology firms have developed products that are part of our everyday lives. Growing up in the digital era, we understand how some of these companies make their money, and we can effectively assess their prospects. You should definitely invest in companies you understand. Chances are you’re more than familiar with at least a few of the following companies: Google (GOOGL) A company so ubiquitous it’s become a verb, Google is the world’s pre-eminent search engine. The firm makes most of its money through its extensive advertising platform. However, computing products like Chromebooks and SaaS products also contribute to its revenue. Overall, the firm is flush with cash, with a minimal amount of debt. Facebook (FB) The world’s biggest social media platform, Facebook’s sprawling reach has...