Currently, Bitcoin is enjoying a run that saw the cryptocurrency move almost to an equivalent value of $6,000 USD. It broke $5,000 handily, and stayed there at least until the time of this writing. The value was a new high for the controversial cryptocurrency. Most importantly, the currency accomplished this feat in the face of … Continue reading “Bitcoin Breaks $5,000 — Is the Crypto on the Way to Permanent Viability?”

It is no surprise there are many things in the works when it comes to the tax system. President Trump is leading the charge, and has chosen to be the guide for the Federal Reserve. Because of this, there are two major events that could happen fairly soon that would impact the dollar. According to … Continue reading “Two Upcoming Events Could Impact the Dollar Very Soon”

On Sept. 18, Toys “R” Us, Inc. filed for bankruptcy. Many people reading or listening to reports about the struggling toy retailer with about 1,600 stores, about 850 in the United States, probably came to what seems like an inescapable conclusion — toy stores are struggling because it’s now so easy to shop online. The conclusion … Continue reading “Despite Changes, Toy Stores are Still Thriving”

Last week, the Republican push to revitalize and overhaul the existing tax code took a big leap forward when the House passed a budget resolution. The recent resolution matched the Senate Budget Committee’s own version; these recent budget victories are a major hurdle for the intended tax overhaul. A final budget deal between the two will … Continue reading “Trump’s Tax Plan Cleared a Hurdle, but Three Big Ones Remain”

Following two “once in a century” storms, Texas and Florida begin the long slog of rebuilding businesses and homes. Moody’s Analytic believes that Hurricanes Harvey and Irma caused up to $200 billion in damages. To get this job done, there is a need for thousands of a variety of construction crews of all kinds such as plumblers, … Continue reading “How Hurricane Recovery Efforts are Making Construction More Expensive”

It’s been more than a month since the massive Equifax hack, where some 143 million Americans potentially had their credit scores, social security numbers and other confidential information swiped by cyber crooks. It was an unprecedented event, and by now you should have gone to the Equifax website to learn whether or not you’re among … Continue reading “The Equifax Hack: One Month Later”

Investing in Tesla stock (NASDAQ: TSLA) is not for the faint of heart. The stock price is volatile, often making large swings in response to the latest news. So far, though, the stock has richly rewarded patient investors, who have seen the stock price increase nearly 10-fold in the last four-and-a-half years. What drives the … Continue reading “Watch Out for a Tesla Investing Opportunity”

We live in a capitalist economy, so it’s needless to say that we’re all interested in growing wealth. But there’s a big difference between investing wisely and investing unwisely, and for every seemingly good investment opportunity out there, there’s someone waiting in the wings looking to scam you. Yes, investors should beware of these scams, … Continue reading “Watch Out for These Investment Scams”

Janet Yellen’s term as Federal Reserve Chair expires in February 2018, leading to intense speculation regarding who will be appointed to this powerful position in the coming year. President Trump has stated that he will make an announcement regarding his decision in the next two or three weeks; even so, the following individuals are considered … Continue reading “Meet the People Who Want to Replace Fed Chair Janet Yellen”

Puerto Rico suffered a near cataclysmic devastation thanks to Hurricane Maria. Unlike Texas and Florida, where economies were surging upward before their respective storms, Puerto Rico is suffering its 11th straight year of recession. The island territory’s economy was so bad, it had to file bankruptcy like proceedings in May 2017 made possible by Congress a … Continue reading “Puerto Rico’s Long Road to Economic Recovery”

Luther Strange, who was largely responsible for the closure of a manufacturing plant and the loss of thousands of Alabama jobs, lost his bid for a Senate seat during a primary vote in late September. The people of Alabama rejected the former lobbyist despite heavy support from President Donald Trump, Vice President Mike Pence, and … Continue reading “How Alabama Dodged a Strange Economic Bullet”

Theoretically, an investment in a health insurance company’s stock should be a big risk. The last thing an investor wants is to place a bet in a company whose future could be roiled by politics. This line of logic seems sensible. On the surface, the health insurance industry has been more affected by politics in … Continue reading “How the Healthcare Debate is Shaping the Insurance Industry”

The latest Equifax breach has many people considering measures to protect their financial health and well-being, and for a very good reason. As one of the three largest credit reporting agencies, the amount of private information Equifax has access to is astronomical. The fact that its databases were breached has shown many people just how … Continue reading “The Best Ways to Protect Yourself Against a Financial Security Breach”

Wealthy people in America have earned their status by overcoming hardships and working hard. Of the people who have more than $3 million in assets, 70% come from middle class or low-income backgrounds. The American dream is alive and well. Each year, US Trust surveys America’s wealthy people to understand their insights and how they came about … Continue reading “The Personality Traits That Make People Rich”

According to Warren Buffet, the next century of the DOW will be an eventful one, and potentially reach 1 million points within the next hundred years. This comes on the heels of some hesitation regarding the American economy and the current DOW market, which has recently reached 22,000 points. As one of the richest men … Continue reading “Warren Buffet Thinks the DOW Will Hit 1 Million”

When you’re an investor, it’s vital to always look for new opportunities that offer solid returns. Bitcoins are digital currency that are global, and they are becoming harder to purchase as investors are buying them up and not selling. There is a finite number of Bitcoin available, 21 million. Like gold, Bitcoin gains in value … Continue reading “Bitcoin Takes a Hard Hit — Is it Still Worth the Risk?”

Dave & Buster’s (NASDAQ: PLAY) reported somewhat underwhelming second quarter results, yet many analysts are still bullish on the company – and they have every reason to be. Though the company beat quarterly expectations, guidance for upcoming months is especially concerning for some investors. However, D&B has a long history of outperforming the restaurant industry … Continue reading “Why You Shouldn’t Give Up on Dave & Buster’s”