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Welcome to the Weekly Scan. Here’s what we’re following for the week of October 10, 2022. Plus, our Certified Financial Planner Lauren Anastasio gives advice on how to respond to the news. Twitter takeover. Tesla’s CEO Elon Musk completed his acquisition of Twitter last week in a $44 billion deal. Musk traveled to Twitter headquarters […]
The Weekly Scan October 31, 2022 Read More »
Truss fall. Six weeks after she started, Britain’s prime minister Liz Truss resigned in response to disapproval from British constituents and the Conservative Party alike. Truss assumed the position of prime minister after Boris Johnson resigned from the role in July 2022. In a series of choices, Truss seemingly made a suffering British economy even
The Weekly Scan October 24, 2022 Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of October 17, 2022. Plus, our Certified Financial Planner Lauren Anastasio gives advice on how to respond to the news. The gig is up? The Department of Labor introduced a proposal last week that could lower the bar for companies, making it easier
The Weekly Scan October 17, 2022 Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of September 19, 2022. Plus, our Certified Financial Planner Lauren Anastasio gives advice on how to respond to the news. Growing pains. The Bureau of Labor Statistics (BLS) released inflation numbers last week that were more disappointing than predicted, with the year-over-year consumer
The Weekly Scan September 19, 2022 Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of September 12, 2022. Plus, our Certified Financial Planner Lauren Anastasio gives advice on how to respond to the news. Lauren’s take on the markets: Despite historically being the worst month of the year for market performance (also dubbed “The September Effect”), this
The Weekly Scan September 12, 2022 Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of August 29, 2022. Plus, our Certified Financial Planner Lauren Anastasio gives advice on how to respond to the news. Lauren’s take on the markets: Stocks took a dive on Friday following a speech by Federal Reserve Chair Jerome Powell. Investors were anxiously
The Weekly Scan August 29, 2022 Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of August 22, 2022. Plus, our Certified Financial Professional Lauren Anastasio gives advice on how to respond to the news. A new spending bill. President Biden signed the Inflation Reduction Act into law on August 16, 2022. The spending bill marks the largest
The Weekly Scan August 22, 2022 Read More »
Current State of the U.S. Economy according to Americans Changes to the economy can affect more than your wallet. When the markets shift, it can change how you feel about your own finances and your future. 2022 has brought several, sometimes contradictory, changes in the economy: the highest inflation rate since the 1980s, low unemployment,
90% of Americans Want to Invest but Almost Half Don’t Know Where to Start Read More »
Recessions are a natural part of the economic cycle in which the economy contracts, which means there is significant economic decline across many sectors that lasts more than a few months. The decline usually shows up as reductions in spending, income, employment, and industrial production. The economy is always contracting or expanding, and recessions are
What is a Recession? Read More »
Chalk it up to pandemic-inspired soul-searching but since early 2021, millions of people have voluntarily quit their jobs. Nicknamed the Great Resignation, this ongoing American economic trend shows no signs of slowing down. In March 2022, for example, the U.S. Bureau of Labor Statistics reported that a record 4.5 million workers quit their jobs, a
Five Tips for Making a Career Switch Read More »
It’s hard to go anywhere these days without hearing about inflation and experiencing it firsthand. In fact, as inflation has reached a 40-year high in recent months, consumers can’t seem to stop thinking about it. That’s according to a new online survey* of 1061 consumers, conducted by Stash in May, 2022. The survey found that
Why Inflation is Causing Anxiety for Americans Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of June 20, 2022. Be aggressive. Be, be aggressive. The Federal Reserve (the Fed) made its biggest interest rate increase since 1994. The country’s central bank raised the federal funds rate by three-quarters of a percentage point to counteract high inflation. As a
The Weekly Scan June 20, 2022 Read More »
As the nation observes Juneteenth, the federal holiday commemorating Black American emancipation from slavery in 1865, it’s important to take stock of continuing inequalities. Specifically, a wealth gap persists between Black consumers, their White counterparts, and other racial groups in the U.S. as well. The disparity in assets can be seen across the financial spectrum,
Black America: Addressing the Racial Wealth Gap Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of May 30, 2022. Cloudy with a chance of making it rain. Broadcom is purchasing cloud-computing business VMware for $61 billion, making it the biggest acquisition by a chipmaker. At that figure, Broadcom will pay a 44% premium on VMware’s closing price on
The Weekly Scan May 30, 2022 Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of May 23, 2022. Missing the Target. Earnings reports from big retailers including Walmart and Target showed that supply-chain issues are cutting into profits.Target reported that its profits fell 52% in the first quarter of 2022, and the company’s share price decreased 25%
The Weekly Scan May 23, 2022 Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of May 16, 2022. The debt digest. Household debt in the U.S. totaled a record $15.84 trillion in the first quarter of 2022,, according to a household debt report released by the Federal Reserve Bank of New York. Although it was the smallest
The Weekly Scan May 16, 2022 Read More »
Check out Stash’s initial public offering (IPO) calendar, which includes public offerings from the past month, as well as offerings expected in the next 15 days. We’ve included companies with a market cap of $500 million or more. These might be available on Stash’s platform once they trade on the stock market.* We’ll update this
Stash’s May 2022 IPO Calendar Read More »
Whenever you stop at the gas station to refill your car these days, you get a little lesson on budgeting and how the economy works. Gas prices have been steadily rising for months, a trend doesn’t look like it will end any time soon. The increasing prices are a top concern for U.S. consumers, who
What to Do About Those Mind-Boggling Gas Prices Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of March 7, 2022. SOTU economics. President Biden’s annual State of the Union speech last week focused on key issues facing the U.S. and the world, including: The war in Ukraine. Biden emphasized the importance of democracy against autocracy, while also emphasizing that
The Weekly Scan March 7, 2022 Read More »
If you earn $73,000 or less annually, you may be able to use a service to file your federal tax return for free through a program from the IRS. The IRS partners with the nonprofit organization Free File Alliance, a group of eight software companies that offer tax filing services. The IRS and the Free
Do You Know About the IRS’ Free File Program? Read More »
