Table of Contents One aspect of finance often overlooked by teenagers is budgeting. As adolescents navigate the transitional phase between childhood and adulthood, understanding the significance of managing finances becomes paramount. This article, Budgeting for Teens: Building Wealth in Your Youth, is tailored to provide essential insights to teenagers, empowering them to grasp the fundamentals of budgeting and harness the potential to build wealth from an early age. Budgeting for Teens: A Foundation for Financial Success As teenagers embark on their journey towards independence, cultiva ..read more

Friday the SEC notched a win as a New York court ruled against crypto entrepreneur Do Kwon and his firm Terraform Labs.  The New York jury agreed with the SEC’s claim that Terraform Labs defrauded investors. Kwon’s TerraUSD and Luna tokens collapsed in 2022 resulting in losses totalling $40 billion for global investors. The jury agreed with the SEC’s claim that Kwon and his firm mislead investors about the stability of its stablecoin, which were designed to maintain a peg of $1. Kwon claimed the stablecoin known as TerraUSD, would “self heal” should the value fall below its peg. In 2021 w ..read more

The market rallied on Friday, despite scorching jobs figures. Employment rose by 303,000 jobs in March, up from 270,000 jobs in February, and much higher than the expected 200,000 jobs. Healthcare, government and also cyclical sectors like construction, hospitality and retail trade all added jobs. Growth in average hourly earnings however slowed to 4.1% from 4.3%. As a result, the likelihood of 3 rate cuts by the Fed fell to 56% from 66%.  As Delta and JPMorgan kick off first-quarter earnings season this week will they eclipse the rally? While Wall Street expects modest profit growth for ..read more

Table of Contents At the age of 16, teenagers find themselves at a unique crossroads between adolescence and adulthood. While some are still navigating the challenges of high school and grappling with the complexities of growing up, others are beginning to cast their gaze toward the realm of financial independence. The idea of making money as a 16 year old may seem daunting, but it’s an exciting journey filled with opportunities for personal growth and financial education. In this article, we’ll delve into the various avenues young individuals can explore to start earning their own income ..read more

Donald Trump’s social media business, DJT,  jumped more than 50% on its market debut on Tuesday, only to be halted at one point, and then close the day up 16%. Initially expected to be worth at least $3 billion, the former US President’s stake of about 69% is now valued at over $4 billion. This jump is welcome news for Trump who faces not only mounting legal and financial woes but what is slated to be one of the most expensive presidential election campaigns in US history. However, Trump will be locked into the shares for six months before he may sell, unless the company’s board grants hi ..read more

Markets continued to cool yesterday with the S&P 500, NASDAQ Composite and Dow Jones Industrial Average all ending down on the day after another batch of economic data. Durable goods orders rose 1.4% in February, home prices were up 6% in January and consumer confidence remained unchanged in March. For the main indices, the S&P 500 was down 0.28% to close at 5,203.58, the NASDAQ Composite lost 0.42% to close at 16,315.70 and the Dow Jones Industrial Average lost 0.08% to close at 39,282.33. We are watching Krispy Kreme and Vistra.  Krispy Kreme’s stock surged 39.36% yesterday afte ..read more

On Thursday’s trading day, markets pushed higher with stronger gains as new sentiment over the success of disinflation and continued movement in the tech sector. The gains made in the broader markets were able to push both the S&P 500 and the Nasdaq Composite to fresh highs. On Friday, investors will be focused on February’s labor market data to gauge whether the economy continues to cool alongside the tighter monetary policy. For the main indices, the S&P 500 rose 1.03%, the NASDAQ Composite went up 1.51%, and the Dow Jones grew 0.34%. Two companies to make headlines throughout midday ..read more

Sustainable Disclosure With all eyes focused on the SEC’s new changes to the crypto policy on public exchanges, new legislation has reached the rule books that may affect the way markets will perceive several companies. The Securities and Exchange Commission, otherwise known as the SEC, is the independent governing body that enforces all laws related to the stock market. Because of this, all the new movements made by the SEC have major implications for investors. Earlier this year, the SEC allowed crypto to be traded on spot ETFs for the first time, a leading component as to why the price of B ..read more

The King of AI As artificial intelligence continues to inject strong sentiment throughout the broader stock market, understanding one of the largest players in the game may be insightful for investors’ decisions. Recently, ChatGPT maker OpenAI has had several advancements and concerns that have faced the company. For those unfamiliar, OpenAI remains one of the biggest generative AI makers in the nation, backed by tech giant Microsoft in a lucrative multiyear deal. According to Bloomberg, the company, which is not public, is valued as high as $86 billion. It has succeeded in creating some of th ..read more

The Foreign Failure With artificial intelligence in question and its electric vehicle project dismissed, a new report suggests Apple faces more issues on the international front. Counterpoint Research, a market analysis firm, reported that tech mega-cap Apple experienced heavy sales losses in China. During the first six weeks of 2024, Apple’s iPhone revenues fell 24% when compared to the same period one year earlier. It was noted that this decline was mainly due to increased market share by Huawei, the Chinese tech giant and a major competitor to the iPhone. It was logged that other smaller Ch ..read more