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Savers vs Spenders

Pfizer Seeks Authorization of Covid-19 Vaccine

Vincent Pucillo

Nov 24, 2020
1 min

Pfizer Seeks Authorization of Covid-19 Vaccine

After lots of speculation and anticipation for a coronavirus vaccine, Pfizer is planning to ask U.S. health regulators on Friday to approve use of it and its partner, BioNTech SE’s Covid-19 vaccine. This is after months of research and effort to find a solution to mitigate and reduce the coronavirus pandemic. Dr. Albert Bourla, Pfizer chairman and CEO, said, “Our work to deliver a safe and effective vaccine has never been more urgent, as we continue to see an alarming rise in

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Are Interest Rates the "Cure" to a Covid-19 Recovery?

Oscar Garner III

Nov 24, 2020
2 min

Are Interest Rates the "Cure" to a Covid-19 Recovery?

In short, the answer to this question is unclear. The conditions surrounding the coronavirus-recession are unprecedented and the symptoms of those conditions created an “economic-illness” for which we have no diagnoses. High levels of permanent unemployment, low consumer demand, stagnant inflation, and political deadlock have made it impossible for officials to use conventional methods of attack on an unknown pathogen. Although most leaders have no answer, the Federal Reserve

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Trump Administration May Privatize Fannie Mae and Freddie Mac

Nov 24, 2020
2 min

Trump Administration May Privatize Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac have been kept in conservatorship limbo for over a decade now. But the Trump administration may move to end that before leaving office in January. In the wake of the government bailouts of Fannie Mae and Freddie Mac, the housing-finance giants were placed into conservatorship. The Federal Housing Finance Agency, a new regulator, was created to oversee the two companies’ operations as the companies recovered from the subprime-mortgage crisis and repa

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Diversifying Your Investment Portfolio

Vincent Pucillo

Nov 17, 2020
1 min

Diversifying Your Investment Portfolio

Investing is a necessary step to growing your wealth. There are several strategies people may take, but certainly one of the most important is diversification. “Don’t put all your eggs in one basket” is a great way to describe diversification. Diversification means spreading the risk of your investments among many different securities, with the main goal of reducing risk and increasing your investment success. The market can be volatile and unpredictable, so having your inves

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Long-Term Scarring Evident in the US Labor Market

Oscar Garner III

Nov 17, 2020
2 min

Long-Term Scarring Evident in the US Labor Market

November 8 marked the release of the October labor report, a document that has consistently reminded us of our current predicament. The report is sending mixed signals. The short-term results are showing positive signs of growth while the data says there may be negative long-term implications. Unfortunately, it is the long-term damage that is beginning to make itself known and uncertainty is beginning to set in. Considering this is all happening admits the backdrop of a healt

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Rising Virus Cases Could Challenge Economic Recovery

Vincent Pucillo

Nov 17, 2020
1 min

Rising Virus Cases Could Challenge Economic Recovery

After weeks of optimism for the recovery of the U.S. economy, continuously rising coronavirus cases may impact and challenge all this progress. Federal Reserve Chairman, Jerome Powell, said that it is too soon to say how progress in the global hunt for a coronavirus vaccine will influence the U.S. economy. This is made more challenging due to the increase in coronavirus infections that could make the recent economic recovery more difficult. When speaking on the implications o

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Gov. Whitmer Announces New Lockdown For Michigan

Nov 17, 2020
1 min

Gov. Whitmer Announces New Lockdown For Michigan

Gov. Gretchen Whitmer on Sunday announced a new series of limitations on indoor gatherings and other activities that will last for three weeks starting Wednesday. The order which runs through Dec. 9 will also close schools, shutter indoor dining at bars and restaurants and mandate people work from home unless it’s impossible to do so. The order targets indoor social gatherings that health officials say contribute to the spread of COVID-19. The recent explosion in number of CO

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How Does A Biden Win Affect The Financial Policy

Nov 10, 2020
2 min

How Does A Biden Win Affect The Financial Policy

Democrat and former U.S. Vice President Joe Biden was declared the winner of the 2020 U.S. presidential election by several major television networks on Saturday, beating Republican incumbent Donald Trump who took an industry-friendly stance on regulation. While Biden is unlikely to prioritize a financial industry crackdown, he is expected to take a stricter line than Trump, as well as his former boss, President Barack Obama. Biden has tapped former derivatives market regulat

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What is Investing?

Justin Halvorson

Nov 10, 2020
3 min

What is Investing?

11.10.2020 What is investing? Many people’s first thought is a stockbroker; the Wolf of Wall Street-type salesman who calls you with the latest stock tip and advice on how you can beat the market. But an investment is not limited to stock-portfolios. Merriam-Webster defines the word “invest” as “to make use for future use or benefits.” At its core, an investment is simply something you build incrementally over time, receiving a benefit in the future. Think about top athletes

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Volatility is Changing The Tenets Of Conventional Investing

Oscar Garner III

Nov 10, 2020
2 min

Volatility is Changing The Tenets Of Conventional Investing

The US stock market’s volatility (get ready to read that word a lot) has created dramatic highs and lows for investors. The days of steady prices and predictable trends have long passed, and traders are scrambling to get a handle on this new normal. “The VIX index, an instrument used to measure volatility in the US equities market, has traded above the 30% mark in more weeks this year than it had done in the prior 10 years”. This means even our measures for volatility are… vo

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Drops In Jobless Rate Shows Healing In U.S. Labor Market

Vincent Pucillo

Nov 10, 2020
1 min

Drops In Jobless Rate Shows Healing In U.S. Labor Market

The last couple weeks and earnings reports have shown a slow but steady recovery of the U.S. economy. This added confidence is also shown through the U.S. labor market, which continued to rebound in October. Private-sector employers added 906,000 jobs last month, an increase from September, which offset a drop of 268,000 jobs in the public sector. Andrew Hunter, senior U.S. economist at Capital Economics, said “[The report suggests the labor market recovery] still has plenty

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Stock Market Tumbles, Global Coronavirus Cases Reach New Climax

Oscar Garner III

Nov 3, 2020
2 min

Stock Market Tumbles, Global Coronavirus Cases Reach New Climax

History’s greatest stories have all had an entertaining climax, where every plot piece comes to a head and the entire story unfolds. The legend of 2020 is one of those stories. For US citizens, the stage was set in March, with major domestic outbreaks of coronavirus leading to nationwide shutdowns and a halt to life as we know it. With the coronavirus as the antagonist and President Trump as the leading male, the script was leading to events of epic proportions. Here in Novem

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U.S. Household Spending Rose 1.4% in September

Vincent Pucillo

Nov 3, 2020
1 min

U.S. Household Spending Rose 1.4% in September

Despite the ongoing uncertainty of the economy due to coronavirus, U.S. households increased their spending in September by 1.4%. This is due to the higher pay and remaining pandemic aid which therefore helped to boost incomes. Additionally, personal-consumption expenditures also rose in September, according to the Commerce Department. This rise in personal income also reflected an increase in employee compensation. Companies like Mattel Inc. and Chipotle posted strong quarte

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The Importance Of Budgeting

Vincent Pucillo

Nov 3, 2020
1 min

The Importance Of Budgeting

Being in control of your finances is crucial to having financial freedom. Some of the simple ways that we can do this is to avoid taking on unnecessary debt and spending money on things we cannot afford. However, the foundation of this is having a budget. A budget allows you to keep track of every dollar that you spend and every dollar that you make. There are lots of tools and apps you can use (such as Mint or EveryDollar) to help you create and stick to a budget and track a

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Booming Business of Recycling Cruise Ships

Nov 3, 2020
2 min

Booming Business of Recycling Cruise Ships

A demolition yard in Aliaga, Turkey where old cargo ships, tankers, research vessels and now, cruise ships retired during the Covid-19 pandemic get torn apart and broken into pieces. In this case, they’re not being broken in half to get upgraded and stitched back together. Instead, circling the Fantasy’s partially deconstructed innards are buyers from all sorts of industries, looking for rock bottom deals on everything from artwork and kitchenware’s to electrical wires and st

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