October 3, 2018 10:18 am

The History of Banking in the United States

Banking History

When Alexander Hamilton came into power, he established the Bank of the United States in 1792, which he wanted to model after the Bank of England. The government owned 20% of the stock, had two seats on the board, had the right to inspect the books of the bank at any time, and the rest […]

The Penny Is Useless

Abolish penny

The debate over whether the United States should get rid of the penny altogether or not is something that’s been going on for years now. People who want the penny to stay argue that as long as sales taxes and retail prices are continually rendered in cents, there’s no reason for consumers to stop using […]

These Places Would Go Belly-Up If It Wasn’t For Tourism

Value of tourism to the nation's GDP

When you’re in a secluded island in the middle of nowhere, about the only way that you can build an economy and keep your country running is through tourism. The World Travel and Tourism Council (WTTC) data for the year 2012-2013 shows us to what extent the countries are dependent on tourism and rely heavily […]

Icahn Tweets A New Investment In An Energy Company And The Stock Is Surging

Billionaire activist investor Carl Icahn disclosed a big investment over Twitter in Talisman Energy and the stock is going nuts in after-hours trading.  Shares of the oil and gas exploration company’s stock were last trading up around 13%.  According to a securites filing with the SEC, Icahn bought 61,554,602 shares, or a 5.97% stake, in […]

America’s Top 3 Fastest Growing Technology Sectors

In today’s ever changing and volatile economy, companies are competing head to head to stay ahead of the competition. With pink slips handed left and right, it is not enough to have the right credentials for the job, but it is also crucial that your company and your business are in high demand and will […]

ELON MUSK WARNED A YEAR AGO: A ‘Tsunami Of Hurt’ Is Coming For Anyone Betting Against Tesla (TSLA)

NOTE: The Musk’s quote and the video interview is from September 2012. Shares of Tesla are up 461% in the past 12 months. There is no shortage of skeptics betting against Elon Musk and his electric car company Tesla. But there’s also no question that Tesla has come much farther than many have expected. Earlier […]

College Student Put His Life Savings Into Tesla, Made A Killing

Patrick Hop admits that everyone told him he shouldn’t do it.  A year later, he’s glad he ignored their warnings. The 22-year-old student at the University of California, Berkeley invested $30,000 into Tesla stock a year ago and has parlayed it into an investment worth approximately $250,000 today. “I was always preaching to my friends, ‘Tesla’s gonna […]

4 Ways Advisors Can Calm Clients Who Are Panicking About Rising Interest Rates

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. 4 Things Advisors Can Do To Calm Clients Worried About Rising Rates (The Wall Street Journal) Clients are worried about the impact of higher rates on their portfolios. In addressing their concerns, W.J. Rossi of Florida-based […]

Mutual Funds Try Hard To Hide One Statistic

It’s Crazy How Many Americans Have No Clue What Rising Interest Rates Are Doing To Their Investments (Business Insider) 63% of Americans don’t know how rising interest rates will affect their retirement portfolios, including their 401(k)s, IRAs, etc, according to a new study by Edward Jones. 24% don’t know what rising interest rates mean.  “I […]

GARY SHILLING: The ‘Grand Disconnect’ Will Close And These Investment Themes Will Prevent You From Getting ‘Whipsawed’

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. For more visit Business Insider’s new Wealth Advisor vertical. Now That The Fed Has Flinched Our Investment Themes Are Defensive And Eclectic (A. Gary Shilling Insights) The Fed’s announcement earlier this year that it would taper […]

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