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You can place bets on the world’s currencies through forex (foreign exchange) brokerage accounts, buying or selling currency pairs that react to economic developments all over the globe. The forex market operates 24/6, opening on Sunday afternoon in the U.S. and closing after stock traders complete their business on Friday afternoon. The volume of currency

Former Federal Reserve Chair Ben Bernanke and two other U.S economists, Douglas Diamond and Philip Dybvig, won the Nobel Memorial Prize in Economic Sciences for work over the course of four decades on the role that bank bailouts play in financial crises. Key Takeaways Three U.S. economists won the 2022 Nobel Economics Prize for work

Some 65 million Americans receive Social Security retirement benefits each month, according to the Social Security Administration (SSA). The average monthly benefit for all retired workers in 2022 is estimated to be $1,657—a sum that represents the primary source of income for some of them. Even if you’ve saved funds in a 401(k), an individual

Rivian Automotive (RIVN) is recalling almost all of its 2022 vehicles because of a problem with a wheel fastener. Rivan said in a filing with the National Highway Traffic Safety Administration (NHTSA) it was recalling 12,212 RT1 trucks, RS1 SUVs and EDV commercial vans after discovering that the front upper control arm and the steering

Ethereum is a name that comes up often in discussions about digital currency. Ether is also a name you’ll hear often, but many people are confused between the two because both names are sometimes used to refer to the cryptocurrency. There are key differences between Ethereum and its cryptocurrency, ether (ETH). Ethereum is a blockchain

Rates on certificates of deposit (CDs) are notably up to start October, which is no surprise following the Fed’s September 21 announcement of another massive rate hike. In six of the eight major CD terms, the top nationally available rate climbed at least 20 basis points, and as much as two-thirds of a percentage point

Keep An Eye On These Coins The last week in the crypto market continued the theme of the past quarter, namely of most assets holding just above their support levels. The asset class is hoping that there will be a reason for it to break out of its slump, and some coins are at least

The money supply of a country is a major contributor to whether inflation occurs. As a government evaluates economic conditions, price stability goals, and public unemployment, it enacts specific monetary and fiscal policies to promote the long-term well-being of its citizens. These monetary and fiscal policies may change the money supply, and changes to the

While the current yield and yield-to-maturity (YTM) formulas may be used to calculate the yield of a bond, each method has a different application—depending on an investor’s specific goals. Key Takeaways Bonds are debt instruments that pay interest to investors, who essentially function as creditors to issuers. These interest payments constitute a bond’s yield. A

Carbon dioxide (CO2) is an odorless gas that is highly important to life on Earth. CO2 is also known as a greenhouse gas; an excessive concentration can disrupt the natural regulation of temperature in the atmosphere and lead to global warming. The concentration of CO2 has especially increased as a result of the Industrial Revolution

The staggering cost of higher education in the United States has many prospective college students wondering about countries with free college and pursuing a degree abroad. While conventional wisdom still points to the benefits of having a college degree, more students and their families are seeking alternatives to lower their college tuition bills. More Americans

One of the rules governing 529 savings plans, which parents often set up to fund a child’s college education, is that the money must go toward covering qualified education expenses. Otherwise, the earnings portion of any withdrawals will be subject to taxes and a 10% penalty. Happily, there are a number of ways to avoid

The unemployment rate is one of the most closely followed indicators used by businesses, investors, and others to gauge the state of the U.S. economy. Investor sentiment and consumer confidence have strong inverse relationships with the percentage of unemployed Americans. When the unemployment rate rises, investors guard their money more closely, and consumers become reticent,

The national debt level has been a significant subject of controversy for U.S. domestic policy. Given the amount of fiscal stimulus pumped into the U.S. economy over the past couple of years, it is easy to understand why many people are starting to pay close attention to this issue. Unfortunately, the manner in which the

The first futures trading exchange was the Dojima Rice Exchange, established in 1730 in Japan for the purpose of trading rice futures. Western commodity futures markets started trading in England during the 16th century, but the nation’s first official commodity trading exchange, the London Metals and Market Exchange, was not established until 1877. Commodities markets

A simple will, also called a “basic will,” lays out what you’d like to happen to your assets after you die. If you’ve ever worried about who will get your wedding ring, inherit your house, or take care of your cat after you die, it might be time to create a will—or update an existing

Historically, Native Americans haven’t been represented in finance. There’s been some movement, especially as tribes have looked to shore up their economic development. For example, the passing of the Indian Gaming Act, in 1988, set up the path for Native American-owned gaming which turned more tribal attention towards investing as a means of fiscal independence.

Chase has launched a limited-time offer for the Marriott Bonvoy Boundless Credit Card, giving new cardholders 100,000 bonus points after they meet the offer’s spending requirement. Consumers who are considering a new credit card should consider the bonus, along with the card’s other features, to determine if it’s a good fit. Key Takeaways New Marriott

What Is the SPY ETF? The SPDR S&P 500 Trust ETF, also known as the SPY ETF, is one of the most popular funds that aims to track the Standard & Poor’s 500 Index, which comprises 500 large- and mid-cap U.S. stocks. These stocks are selected by a committee based on market size, liquidity, and industry.

Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Using a market downcycle to accumulate shares of companies with strong fundamentals and prospects can lead to good returns when the market goes up. To that end, keeping an eye on which stocks