Business and Finance News - 8.13.24

Author

Skool Projekt Staff
August 13, 2024

 

Good Morning, Students!

 

A bond is a fixed-income financial instrument that signifies a loan provided by an investor to a borrower, typically a corporation or government entity. The borrower agrees to pay back the principal amount on a specified maturity date while also making periodic interest payments to the bondholder throughout the life of the bond. Bonds are commonly used as a way for entities to raise capital while offering investors a relatively stable income stream.

 

Hold bonds to preserve capital and generate steady income.

 

-Mr. W

 

Skool Projekt PRO delivers daily stock market and business analysis, offering expert insights to help you make informed financial decisions. Try it free for 7 days and gain the knowledge and tools to position yourself for financial growth with Skool Projekt PRO.

 

TOP STORIES

 

*JetBlue (JBLU) - JetBlue Airways is a major American low-cost airline that operates over 1,000 flights daily and serves more than 100 domestic and international destinations.

 

 

*KeyCorp (KEY) - KeyCorp is a major American bank holding company that operates through its subsidiary, KeyBank, offering a wide range of financial services, including personal and commercial banking, investment management, and mortgage services.

*Scotiabank (The Bank of Nova Scotia) (BNS) - Scotiabank, officially known as The Bank of Nova Scotia, is a leading Canadian multinational banking and financial services company. It offers a broad range of financial products and services, including personal and commercial banking, wealth management, and corporate and investment banking.

 

 

*Starbucks (SBUX) - Starbucks is a global coffee company and coffeehouse chain that provides a variety of beverages, including coffee, tea, and specialty drinks, along with a selection of food items.

 

 

*Tesla (TSLA) - Tesla, Inc. is an American electric vehicle (EV) and clean energy company.

*xAI - xAI, founded by Elon Musk, is an artificial intelligence startup that focuses on developing advanced AI technologies and applications.

 

 

*Universal Music Group (UMG) - Universal Music Group (UMG) is a global music corporation that operates as one of the largest music companies in the world. It is involved in the discovery, development, marketing, and distribution of recorded music.

*Meta Platforms (META) - Meta, formerly known as Facebook Inc., is a multinational technology conglomerate that operates a variety of social media platforms and technology products.

 

THE MARKETS

Here’s how the major indexes did yesterday:

 

Here’s how leading market ETFs did yesterday:

 

Here’s how The Magnificent Seven did yesterday:

 

Here’s how the major cryptocurrencies did yesterday:

Disclaimer: This content is not intended as financial guidance. The purpose of this newsletter is purely educational, and it should not be interpreted as an encouragement to engage in buying, selling, or making any financial decisions regarding assets. Exercise caution and conduct your own research before making any investment choices.