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Recreational marijuana pulls in $3.4 million in Illinois in 24 hours

Illinoians are still celebrating the legalization of recreational marijuana sales across the state, which kicked off on New Year’s Day. Cresco Labs CEO & Founder Charlie Bachtell joins Yahoo Finance’s Zack Guzman and Julia La Roche, along with “The Morning Brew” Business Editor Kinsey Grant, to discuss. …read more […]

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Trading Too Much Hurts Returns

Vanguard, a giant in the money management world, kicked off the new year by eliminating trading fees.
In doing so, Vanguard finally joined Schwab, Fidelity and most other large players. Now almost everybody’s offering free stock trades to customers.
Free stock trades, in some ways, are great. For someone investing $100 at a time, this is a huge win. Their fees go from 5% to 10% of the total amount invested to 0%.
It will be easier for investors to rebalance their portfolio weightings as well.
But I am concerned about the overall effect of free trades. My fear is that people who already …read more […]

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Fed Officials Saw Rates on Hold, With an Eye on Downside Risk

(Bloomberg) — Federal Reserve officials said their monetary policy was likely to remain appropriate “for a time” even amid what they saw as persistent downside risks.“Participants regarded the current stance of monetary policy as likely to remain appropriate” as long as incoming reports affirmed their outlook, minutes of the Dec. 10-11 Federal Open Market Committee released Friday in Washington showed. “Nevertheless, global developments, related to both persistent uncertainty regarding international trade and weakness in economic growth abroad, continued to pose some risks to the outlook.”Fed officials left interest rates unchanged at their final 2019 meeting following three straight cuts. They …read more […]

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Put Selling Success With American Airlines

We closed out another successful put sell in The War Room…
Even over a holiday break! Just a day after we closed The War Room, shares of American Airlines (Nasdaq: AAL) took off. Fortunately for War Room members, we already had instructions in place to close the position.
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Let’s back up for a minute…
What is a put sell?
A put sell is a type of options play where you sell a put option with the hopes of buying it back for less and cashing in on that drop in price.
The put option will decrease in value as the share price increases in value. …read more […]