CNBC's Jim Cramer on Tuesday urged Congress to move quickly and pass another piece of coronavirus stimulus legislation, suggesting key parts of the U.S. economy need help being sustained until there is a widely available Covid-19 vaccine. "We are so close to getting this economy back on track, but these places

What Is the Role of an Investment Bank? Investment banks serve several purposes in the financial and investment world, including underwriting new stock issues, handling mergers and acquisitions, and acting as a financial advisor. Other roles of investment banks include asset management for large investment funds and

Price discrimination is a strategy that companies use to charge different prices for the same goods or services to different customers. Price discrimination is most valuable when separating the customer markets is more profitable than keeping the markets combined. The three main types of price discrimination are first degree, second degree and

In a sharp reversal from yesterday, U.S. equity markets rallied hard throughout the day, closing near session highs. News of real progress on a slimmed-down $748 billion stimulus package added some optimism, as did the FDA's endorsement of Moderna's mRNA COVID-19 vaccine. Enhanced lockdown measures throughout Europe and in some

Trading euro-based currency pairs requires following events that can have a major impact on the euro (also known as the "common currency"), which can be a daunting task for foreign exchange (FX) traders. Currently, the euro is the official currency of 19 of the 27 member countries that comprise the European

In 2020, ADV Ratings released its ranking of the world's largest wealth management firms. The wealth managers are ranked by assets under management (AUM) as of June 30, 2020. The rankings here reflect the top 10 wealth management firms by assets. Key Takeaways High-net-worth individuals often seek a professional to manage their

The primary risks involved in trading over-the-counter (OTC) stocks are two-fold. One, there is usually a lack of reliable information about the company. Two, OTC shares are commonly exchanged in thinly traded markets. OTC stocks, often synonymous with penny stocks because many trade for less than $1, can be tempting for

A discount broker is a stockbroker who carries out buy and sell orders at a reduced commission rate. However, a discount broker does not provide investment advice or perform analysis on a client's behalf, unlike a full-service broker. Before the emergence of better communications technology, only the wealthy could afford

Marijuana is now legalized in some form in 35 states and the District of Columbia—medically, recreationally, or both. Canada legalized cannabis across the country in 2018, five years after Uruguay did. As such, investors are scrambling to get a piece of an industry that has the potential to grow, with

An estimated 6.7 million car crashes occur in the U.S. each year. Being involved in an accident, even a minor one, can be a nerve-wracking experience, so it's important to know what steps to take afterward. The process for dealing with a car accident begins at the scene and making