Many older Americans, particularly those aged 60 and above, face financial challenges in retirement without savings plans like 401(k)s or IRAs, leading to 8 million enrolling in SNAP for food assistance. Approximately 85% of these beneficiaries live alone, with over half relying solely on general assistance or Supplemental Security Income (SSI) for their livelihoods.
Stablecoins have gained significant attention in 2023, with Treasury Secretary Scott Bessent highlighting their impact as a "force multiplier" for the U.S. dollar in a July op-ed. The stablecoin industry has surged from $20 billion to $250 billion in five years, with projections suggesting it could exceed $2 trillion soon, marking a substantial shift in digital finance. Want More Context? 🔎
Read moreUpstart (NASDAQ: UPST) is a financial services innovator with an AI-powered lending platform that enhances creditworthiness assessments, aiming to boost approval rates while managing default risks. Despite share volatility, the company is gaining investor confidence, and an investment of $1,000 in the fintech stock three years ago illustrates its potential growth. Want More Context? 🔎
Read moreIn a volatile market, risk-averse investors may find dividend stocks appealing for their potential to provide reliable passive income. One notable option is Realty Income (NYSE: O), a REIT known for strong dividends, which can avoid corporate taxes by distributing over 90% of taxable income to shareholders while adhering to specific income requirements. Want More Context? 🔎
Read moreInvesting in the top growth stocks on the Nasdaq has historically benefited investors, particularly through the Nasdaq-100 index. However, with soaring valuations and record levels in the Nasdaq Composite and S&P 500, investors must consider whether to continue with an ETF tracking the Nasdaq-100 or shift towards safer investment options. Want More Context? 🔎
Read moreAmazon has experienced over a 300,000% increase since its 1997 IPO and continues to grow, with expected revenue growth of more than 9% this year. However, competitors like Shopify are emerging, bringing significant innovations to the online shopping sector, suggesting a shift in market dynamics. Want More Context? 🔎
Read moreWaste Management (NYSE: WM) stock rose 3.4% following a strong second-quarter earnings report that exceeded Wall Street expectations and included a raised full-year free-cash-flow target. Earlier in the session, shares had increased by as much as 5.4%. Want More Context? 🔎
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