What Is Venmo? Venmo started out as a free-of-charge peer-to-peer (P2P) payment app available for iPhones and Android phones. That service is still free, as is using Venmo to pay participating merchants, who now number in the millions. Some other services carry a fee. Payments that go through a credit card account rather than a…
While listening to Federal Reserve Chairman Jerome Powell’s press conference on June 9, I found myself agreeing with two main points that Powell made. Specifically, I believe that the U.S. can avoid a significant economic contraction, and I think that inflation will drop meaningfully in the coming months without the Fed having to raise interest…
Analysts keep saying that Oracle (NASDAQ:ORCL) stock is defying the tech wreck. It’s not. Oracle shares were recently trading at about $68 each. That’s down over 15% over the last year, with the Dow Jones down about 12%. Since the start of 2022 shares in the database software king are down more than 20%. That’s…
Source: OlegRi / Shutterstock Energy bulls looking for a low-cost way to bet on higher fuel prices in 2022 should stear clear of Houston-based Camber Energy (NYSE American:CEI). While shares of the diversified energy and power solutions company currently trade for less than 50 cents, CEI stock isn’t the right investment for energy sector profits. Every…
Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an…
Just so you can see when the market is open, and just some other things that go on and happen throughout the day within the markets. What I’ve done over here is just write down the few notes throughout the trading day and trading session. All about Time Frames These are just guidelines in terms…
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The United States equity markets and the cryptocurrency space are witnessing a relief rally this week. Supporting the rise in risky assets is the U.S. dollar index (DXY), which retreated from its multi-year high. Generally, cryptocurrencies move inverse to the price of the U.S. dollar, but this week’s bounce does not necessarily mean that bulls’…
Imagine you’re getting ready for a night out with a friend. You’ve each just finished logging a long remote workday and are ready to blow off some steam. Instead of someone pulling the short straw to be designated sober driver, an autonomous vehicle pulls up. Your friend is already in the backseat, shouting directions to…
The energy sector has been on another planet in 2022. While a bear market has run roughshod through every other industry, rising oil prices have driven profits and energy stocks into orbit. Due to the pandemic depressing share prices, most energy companies already had juicy dividend yields coming into the year. And with recent payout…