Day: October 23, 2021

Oil
Oil Stocks
Peak Oil

Peak Oil Demand Forecasts Turn Sour As Demand Keeps Growing

In the mind of many a news consumer, oil is on its way out. So is coal. So is gas, although that one might stick around for a little longer. We are, after all, moving into a new era of clean energy, and while it will take us some time to get there, it’s our […]

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Bitcoin
Walmart

200 Bitcoin ATMs installed in Walmart stores

Walmart has teamed up with coin-cashing company Coinstar and digital currency exchange CoinMe to install 200 Bitcoin ATMs in stores across the US. To buy Bitcoin, customers must insert a banknote into the ATM before receiving a voucher with a code that can be redeemed through a CoinMe account, following a background check. Sam Doctor, […]

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Home Mortgage
Home Ownership
Rent vs Own

Get rich as a renter: 5 ways to build wealth without buying a home

Get rich as a renter: 5 ways to build wealth without buying a home For many, homeownership is an essential part of the American dream. That doesn’t mean it has to be your dream, too. Maybe you don’t need the space or a backyard for your dog. Maybe you don’t think real estate is the […]

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Donald Trump
MAGA
SPAC
Special Purpose Acquisition Company (SPAC)

Trump’s Tech SPAC Could Make Him Billions With Meme-Stock Frenzy

(Bloomberg) — Donald Trump’s sagging fortune is suddenly poised to get a massive boost from meme-stock mania. News late Wednesday that the former president’s nascent media enterprise, Trump Media & Technology Group, is planning to go public via a special purpose acquisition company has sent retail investors into a frenzy, even with few details released. […]

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Consumer Confidence

Consumer Confidence Is Falling. That’s a Bad Sign for Stocks.

A pedestrian carries shopping bags in San Francisco on Sept. 16, 2021. U.S. consumers have become less positive. David Paul Morris/Bloomberg Consumers are sending worrisome signals that investors aren’t heeding. It’s time to pay attention. The stock market and consumer sentiment usually rise and fall in tandem. Take the past 18 months. Ultraloose global monetary […]

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Retirement
Social Security
Social Security Tax

Introduction to Social Security

Social Security is a federal benefits program in the United States that was founded in 1935. While the program also includes disability income, it is most commonly associated with monthly retirement benefits paid out until death. The Social Security system is funded through payroll taxes. The Federal Insurance Contributions Act (FICA) mandates a 12.4% levy […]

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Investing Mistakes

How to Stop Making This Common But Costly Investing Mistake

investment biases Is your mind playing tricks on you when it comes to investing? It’s no secret that everyone should be investing for the future. Even if you’re extremely risk-averse, investing your savings in stable investments like exchange-traded funds (ETFs) or bonds will likely yield significantly higher returns than stashing your money away in a […]

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Liquefied Natural Gas
Natural Gas
Natural Gas Crisis

Natural Gas Isn’t Gone Yet. Here’s a Stock to Play Its Long Phaseout

One of Chesapeake Energy’s natural-gas drilling operations in Bradford County, Pa. Daniel Acker/Bloomberg The early 2000s mantra of “drill, baby, drill” was successful in one regard—it flooded the market with energy supply, pushing prices sharply lower. For investors, though, it was a terrible deal. As U.S. shale oil-and-gas producers binged on debt to increase production, […]

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Energy Crisis
Gasoline Prices

Global Gas Prices are Soaring to Record Highs. Here's Why.

Image by Nikola Johnny Mirkovic on Unsplash Natural gas prices have risen to seasonal record highs as global gas demand is expanding and supply is not able to keep up. Bullish fundamentals combined with weather-related events have acted as tailwinds to propel prices. The extreme supply tightness of the global gas market is now spilling […]

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Alloy Steel
Flat-Rolled Steel
Steel
Trade Of The Day
TradersPro Saturday

Cleveland-Cliffs Inc. (CLF) Is Starting A New Uptrend

Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. It also manufactures iron ore pellets. The company is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling, and tubing. It serves a range of markets through offering of flat-rolled steel products and supplies steel […]

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