Musk promises a daily $1 million lottery in questionable pro-Trump effort
Billionaire Elon Musk has further escalated his direct intervention in the 2024 election in support of GOP nominee Donald Trump, announcing Saturday that he will hand out $1 million daily in a lottery for registered swing-state voters who sign a…
Harris has a huge cash advantage over Trump, but polls remain tight
Kamala Harris entered the final full month of the presidential election with an enormous financial advantage over Donald Trump, according to new federal campaign finance filings released Sunday. The Harris campaign and its allied committees raised more than $1 billion…
Trump proposals could drain Social Security in 6 years, budget group says
A new report projects that the Social Security Trust Fund might run out of money within six years under a Donald Trump presidency, while Vice President Kamala Harris’s proposed policies would not meaningfully change the current trajectory. Social Security faces…
Synthetic: Definition in Finance, Types of Assets
What Is Synthetic? Synthetic is the term given to financial instruments that are engineered to simulate other instruments while altering key characteristics, like duration and cash flow. Key Takeaways Synthetic is the term given to financial instruments that are engineered…
Cross-Currency Swap: Definition, How It Works, Uses, and Example
What Is a Cross-Currency Swap? Cross-currency swaps are an over-the-counter (OTC) derivative in a form of an agreement between two parties to exchange interest payments and principal denominated in two different currencies. In a cross-currency swap, interest payments and principal in one currency…
How to Trade Options on Robinhood
Trading options on this groundbreaking platform is easy to do. From the moment you begin opening the account, right up to the point of placing your order, Robinhood designed the user experience to be as straightforward as possible. To say…