Solar energy, energy storage, and automated manufacturing equipment Reviewed by Robert C. KellyFact checked by Vikki Velasquez Tesla Inc. (TSLA) primarily designs and manufactures high-performance fully electric vehicles. The electric vehicle maker also provides energy generation and storage systems as well as services related to its products. Tesla was founded in 2003. The goal was to design cars that would be less reliant on fossil fuels but as quick and as fun to drive as vehicles that run on gasoline. The company launched its Roadster in 2008, which was followed by the Model S, Model X, an ..read more

Reviewed by Margaret James Meta Inc. is the holding company that owns Facebook, the largest social networking site in the world with 3.07 billion monthly active users (MAUs) as of year-end 2023. The Facebook website and app enable people to connect with family and friends and to share their opinions, ideas, images, and videos. Meta also owns and operates the popular photo-sharing app Instagram, the text-update app Thread, as well as messaging apps Messenger and WhatsApp. Additionally, the company provides virtual-reality hardware, software, and a developer ecosystem through its Reality Labs bu ..read more

Reviewed by David Kindness While many Americans struggle to save for retirement, elected representatives and senators in the United States Congress receive substantial pension benefits for life. Though Congressional retirement pay is not typically a big election-year issue, it might serve as evidence of a disconnect between lawmakers and mainstream America. Key Takeaways Congressional representatives have access to a variety of retirement plans. A typical member of Congress has a net worth that far surpasses a typical American citizen's net worth. The average American saves far le ..read more

Reviewed by Ebony HowardFinancial Analyst vs. Data Analyst: An Overview If you are a student or young professional who is great with numbers, analytical, and an expert problem-solver, consider a career as either a financial analyst or data analyst. Financial analysts use financial data to spot trends and extrapolate into the future, helping their employers and clients make the best investing decisions. Data analysts perform a similar role, the primary distinction being that these professionals analyze data that may or may not relate to investing decisions. For example, a data analyst might stu ..read more

Reviewed by Gordon ScottFact checked by Vikki Velasquez Very few films capture the essence of life as a day trader. The pressure of walking the tightrope between profitability and looming losses is rarely captured in mainstream films. While movies such as "Wall Street" and "Boiler Room" glamorize the lifestyle of accumulating wealth by any means necessary, they do not capture the essence of actual trading in the trenches. But these five movies illustrate key lessons every trader can take with him to understand more about his career. Key Takeaways It is a good idea to stay informed about the ..read more

Identity theft is one major reason today Everything You Need to Know About Having a Social Security Number In this video, you'll learn all about the purpose of having a social security number. A Social Security number (SSN) is a unique identifier assigned to U.S. citizens and some residents to track their income and determine benefits. We show you how to keep your SSN safe and when to avoid using your SSN. In addition to Social Security, the SSN is now also used for a wide range of purposes from applying for a passport to using for tax returns. Additional uses include obtaining credit, openin ..read more

Reviewed by Marguerita ChengFact checked by David Rubin A variable annuity is a tax-deferred retirement account, the value of which varies based on the performance of the underlying portfolio of mutual fund-like investments. A variable annuity is a type of annuity—a financial product that allows an individual to invest money in either a lump-sum payment or scheduled, periodic payments, and then collect a stream of payments at a later time, typically during retirement. You can roll over qualified variable annuities—those established with pre-tax dollars—into a traditional IRA. Qualified annuiti ..read more

Stockholders should pay attention to this on a company's balance sheet Reviewed by Chip StapletonFact checked by Yarilet Perez An increase in the total capital stock showing on a company's balance sheet is usually bad news for stockholders because it represents the issuance of additional stock shares, which dilute the value of investors' existing shares. However, the additional capital stock may benefit investors in the form of increased returns on equity through capital gains, higher dividend payouts, or both. What Is Capital Stock? Capital stock is the total amount of stock, both common ..read more

It depends on who’s doing the garnishing   Hero Images / Getty Images  Reviewed by Anthony BattleFact checked by Vikki Velasquez Can Social Security benefits be garnished? In some situations, the answer is a definite no, but in others, it becomes a distinct possibility. Ultimately, it depends on who’s doing the garnishing. Key Takeaways The U.S. Treasury and the Social Security Administration can garnish your Social Security benefits for unpaid debts such as back taxes, child support, or a federal student loan that’s in default. If you owe money to the IRS, a court order is ..read more

Reviewed by David KindnessFact checked by Ryan Eichler Outsourcing is the process of hiring an outside organization that is not affiliated with the company to complete specific tasks. Insourcing, on the other hand, is a business practice performed within the operational infrastructure of the organization. The main difference between outsourcing and insourcing is the methods in which work, projects, or tasks are divided between various companies and departments for strategic purposes. Outsourcing Outsourcing uses the developed workforce of an outside organization to perform tasks and ..read more