https://www.instagram.com/reel/C8sMuZMSYNF/?igsh=a3RjNHQxa2RneXJj

The 2024 election presents a pivotal moment for national security, particularly through the lens of cybersecurity.

https://www.forbes.com/sites/emilsayegh/2024/04/23/election-2024-championing-proactive-cybersecurity-to-fortify-national-security/

So which stocks or index funds are you investing in due to this?

A few I like are:

1. CrowdStrike Holdings ($RWD)

2. Palo Alto Networks (NASDAQ: PANW)

3. iShares Cybersecurity and Tech ETF (IHAK)

• Invests in companies primarily engaged in cybersecurity hardware, software, and services.
• Includes global cybersecurity leaders.
• Offers a balanced mix of established companies and emerging players​

What do you think?

Hello, so I am 24 and fell for the classic signing a loan on a car that is out of my price range and getting screwed on interest rate and all that. I have a 2022 RAV4 Hybrid with 37k miles that is valued around 26,000 or so. My payoff quote is around $42,000 and my monthly payments are $760 with 9% interest. I only make about $45,000 a year and still live with parents so no rent payments. I have no idea why my payoff amount is $42k when I put $4,000 down and have been making payments of $800 each month for almost a year now. It's stressing me out that I still owe almost 2x what the vehicle is worth and I do a lot of driving so the miles are adding up quickly and value decreasing. I am trying to explore my options, I have been building my credit and have it over 700 but thinking I should wait to refinance it until I hit 740 so I can get better rates. My other thought was to trade it in for a cheaper vehicle, however since I owe so much more than it's value I imagine the difference would be added on top whatever vehicle I trade it in for and wouldn't even be worth it. Is there anyone here who could help offer any advice and save me from wasting more money in this money pit I found myself in.

I have no money right now and I need it to get me by for another month until I can get a job.

I feel dumb asking, but google is vague enough for me to ask:

I max out my Roth IRA annually. I get close to maxing my 401k.

My wife isn’t offered any retirement account at her job and she is full time. Can she open her own Roth IRA and contribute her own $7000? The money is ours.

We file together. I think the answer is yes, but I don’t want to find out I was wrong in 5 years.

At the Open: U.S. indexes opened higher as May core personal consumption expenditures (PCE) data showed the smallest advance in six months. Core PCE increased 0.1% from April, and the PCE price index was unchanged from the prior month. U.S. markets will try to notch weekly gains amid a big day for global macro releases. However, Nike (NKE) shares slumped after cutting guidance and missing on sales. Shares of optical telecommunications maker Infinera (INFN) surged following news of its acquisition by Nokia.

Good morning. US stock futures rose in Friday morning trading as traders await closely followed inflation data and count down to the end of what has been a strong first half of the year.

S&P 500 +0.34%
Dow +0.09%
Nasdaq +0.41%

🛢️ US Senate probes possible oil market collusion

*📝 Our report: *A US Senate committee is probing whether oil producers are secretly teaming up with OPEC to hike prices, after claims that Pioneer Natural Resources' ex-boss was in cahoots with the cartel. The probe is being led by Budget Committee Chairman Sheldon Whitehouse, who has requested documents from 18 oil companies — including Exxon Mobil Corp., BP PLC, and Chevron Corp. — on grounds that evidence suggests the oil and gas industry may be trying to depress production.

🔑 Key points:

• The documents sought by Whitehouse include communications among company officials and members of the Organization of the Petroleum Exporting Countries related to oil production and prices, from January 2020 to the present.
• The probe comes after the Federal Trade Commission, as part of its review of Exxon’s $60 billion takeover of Pioneer, said it found evidence Pioneer’s former head, Scott Sheffield, sought to communicate with OPEC and US peers about oil pricing and output.
• “I am concerned about the possibility that oil and gas companies could be engaging in collusive, anti-competitive activities with OPEC+ that would raise crude oil prices, resulting in higher costs not only for American families,” Whitehouse wrote in letters to the companies that were made public.

*💡 So what: *If US energy companies collude with OPEC over production and prices, it could lead to several significant implications. Firstly, consumers might face higher energy costs as coordinated production cuts could drive up oil prices. This could increase inflationary pressures, affecting various sectors reliant on affordable energy. Secondly, such collusion could attract legal and regulatory scrutiny, resulting in hefty fines and damaging the reputation of the involved companies. Lastly, it could strain international relations, particularly with countries advocating for free market principles and transparency in the global energy market.

💸 IMF warns US on rising debt levels

WHAT: The International Monetary Fund has urged the U.S. to hike taxes to tackle rising debt while praising the country's "robust, dynamic" growth and progress in taming inflation. The IMF said in a closing statement for its "Article IV" review of U.S. economic policies that high deficits and debt "create a growing risk to the U.S. and global economy, potentially feeding into higher fiscal financing costs and a growing risk to the smooth rollover of maturing obligations."

WHY: For the second year in a row, the Fund prescribed that the U.S. increase income tax rates progressively, not only on the wealthiest Americans but also for households earning less than $400,000 a year -- a threshold that U.S. President Joe Biden has vowed not to cross in his re-election campaign pledges.

🔨 NFL fined over violating antitrust laws

WHAT: A jury in U.S. District Court ruled that the NFL violated antitrust laws by distributing out-of-market Sunday afternoon games on a premium subscription service, awarding nearly $4.7 billion in damages. The jury ordered the league to pay $4 billion in damages to the residential class and $96 million in damages to the commercial class.

WHY: The lawsuit covered 2.4 million residential subscribers and 48,000 businesses who paid for the package of out-of-market games from the 2011 through 2022 seasons on DirecTV. The lawsuit claimed the league broke antitrust laws by selling its package of Sunday games at an inflated price.

👖 TikTok set to challenge Amazon with sales event

WHAT: TikTok is taking on Amazon's Prime Day in July, with it own "Deals For You Days" starting on July 9 in the U.S. The announcement comes a few days after Amazon revealed that its annual Prime Day sales will take place on July 16 and 17. The success of Prime Day has led to other retailers, both large and small, co-opting the day to run competing sales.

WHY: TikTok has been betting big on its e-commerce efforts and is aiming to grow the size of its TikTok Shop U.S. business tenfold to as much as $17.5 billion this year. With this upcoming deals event, TikTok is looking to take on one of the largest sales events in the U.S.

Why are there so many people who couldn’t get a C- in high school personal finance in a sub that is called fluent in finance?

I tried stock trading, feels like I suck at timing, as in sell too low profit & enter too high cost.

How does one know if trading is not his thing? Or does one get better with more experience?