Despite some bumps in the road, 2021 has mostly looked like a recovery for the U.S. economy. As life looked a little more normal, spending has ramped up and investor confidence has grown. In the first quarter of 2021, the S&P 500 recorded a 52% growth in earnings, which is higher than we’ve seen in […]
COVID-19 and the Wealth Gap: The Long-Term Impact
Major financial crises have a way of creating wealth divides. There was one after the 2008 housing crisis, The COVID-19 pandemic, which has had a significant impact on the economy, is certainly an example of that. The financial losses of this pandemic have been vastly different for everyone. For some – particularly white collar workers […]
Impacts of the Biden Tax Updates
Since taking office, President Biden has unveiled his new tax plan, which helps to fund the Build Back Better Program. There are three plans in this agenda: the American Rescue Plan, the American Jobs Plan and the American Families Plan. Each of these plans will have different impacts on taxes. As the tax changes roll […]
How are the Stock Market and Economy Related?
2020 was a financially difficult year for many. Industries tanked. Major companies filed for bankruptcy. Thousands of people lost their jobs, and many more had their hours cut. Even a year later, countless businesses and households are still reeling from the pandemic. But if you take a look at the S&P 500 index, it tells […]
Should You Pay Attention to Stock Prices?
If you’ve been following the news from Wall Street, you know that just a handful of stocks had record returns recently. The most noteworthy example is Gamestop, where institutional investors saw an opportunity to make money by betting against its share price – a.k.a. short-selling. Short-selling is a way to make money off the price […]
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