Wall Street milestone: ETF popularity hits record number

ETFs are seeing a record surge in popularity. The industry hit a milestone with more than 3,000 ETFs trading simultaneously for the first time ever this month — a 30% increase since December 2020, according to Morningstar. And this year investors are taking more active strategies, such as single-stock ETFs that offer traders exposure to…

Check in, smoke up and tune out: Cannabis-friendly vacation rentals are catching on

At her bed-and-breakfast Nicole Butler hosts backyard potlucks with THC-infused food. Photo: Nicole Butler At Nicole Butler’s bed-and-breakfast, cannabis is in the candy that greets guests at check-in, the homemade shrimp and grits and other meals she serves, and the snacks she sets out for anyone who gets the munchies. “I’ve really just tried to…

Starboard snaps up a position in Wix, and building free cash flow may become a focal point

In this article WIX Follow your favorite stocksCREATE FREE ACCOUNT Marco Vdm | E+ | Getty Images Company: Wix.com (WIX) Business: Wix.com is an Israeli information technology company that develops and markets a cloud-based platform that enables users to create a website or web application. Their platform consists of three web creation products, each with…

‘Maximize that free money first.’ The best time to apply for financial aid for college is coming up

Whether it’s due to belt-tightening or the promise of federal student loan forgiveness, suddenly families are paying closer attention to financial aid for college. Of those parents with college-bound students who didn’t plan on applying for federal aid, 58% have now changed their minds, according to a new report by Discover Student Loans. “Given the uncertainties…

Celsius has a Hail Mary bankruptcy plan: Turn its debt into a new cryptocurrency

Since bankrupt crypto lender Celsius froze withdrawals in June, customers’ funds have been in limbo. Now, leaked audio shared with CNBC reveals a preliminary plan to compensate them. The company wants to issue an “IOU” cryptocurrency  to customers that signed up for some of its accounts.  related investing news Jim Cramer sat down with the…

Convertibles drive into the sunset as automakers invest in electric vehicles

2024 Ford Mustang Source: Ford Convertibles — once a sign of open-air freedom, road trips and summer adventures — are fading away as the auto industry shifts to all-electric cars and more rugged sport utility vehicles. Sales of traditional drop-tops such as the Chevrolet Camaro and Ford Mustang, as well as roadsters such as the…

Everything parents need to know about student loan forgiveness

Phynart Studio | Istock | Getty Images President Joe Biden’s announcement last month that he’ll forgive up to $20,000 in student debt for borrowers will also impact the millions of parents who have taken out loans for their children’s education. The debt cancellation applies to so-called Parent PLUS loans, federal loans that parents can take…

Net Operating Loss Carryforward and Carryback Provisions in Europe

Loss carryover tax provisions allow businesses to either deduct current year losses against future profits (carryforwards) or current year losses against past profits (carrybacks). Many companies have investment projects with different risk profiles and operate in industries that fluctuate greatly with the business cycle. Carryover tax provisions help businesses “smooth” their risk and income, making…

Hedge funds ramp up market bets as volatility brings the asset class back into favor

In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange on September 21, 2022 in New York City. Michael M. Santiago | Getty Images The extreme market volatility is not causing hedge funds to back down. Hedge funds’ total gross trading flow, including both…

Trump-linked Digital World Acquisition Corp shares are now around $16 after hitting $97 earlier this year

In this article DWAC Follow your favorite stocksCREATE FREE ACCOUNT The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Shares of Digital World Acquisition Corp. fell this week as the company…

56% of Americans think the U.S. is already in a recession. These 4 steps can help protect your finances in a downturn

sturti The possibility of a looming recession is prompting fresh worries for both professional and everyday investors. More than half of Americans — 56% — think the country is already in a recession, according to a recent survey from MassMutual. Meanwhile, 49% of respondents said they think there will likely be a recession next year,…