Business and Finance News - 9.19.24

Author

Skool Projekt Staff
September 19, 2024

 

Good Morning, Students!

 

A mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. The fund is managed by professional portfolio managers who allocate the assets to achieve the fund’s investment objectives. This allows individual investors to gain access to a wide range of investments with lower risk compared to buying individual securities.

 

Invest in mutual funds to grow your wealth through diversification and professional management.

 

-Mr. W

 

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TOP STORIES

 

*Alaska Airlines (ALK) - Alaska Airlines is a major American airline that primarily operates in the United States, Canada, Mexico, and parts of Central America.

*Hawaiian Airlines (HA) - Hawaiian Airlines is the largest airline based in Hawaii, providing scheduled air transportation between the Hawaiian Islands and to international and domestic destinations, including the U.S.

 

 

*Federal Open Market Committee (FOMC) - The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System responsible for overseeing the nation's open market operations, which involve buying and selling government securities. Its primary role is to manage the supply of money and interest rates to achieve macroeconomic goals such as maximum employment, stable prices, and moderate long-term interest rates. 

*Interest Rates - The federal interest rate, often referred to as the Federal Funds Rate is the interest rate at which depository institutions (such as banks and credit unions) lend reserve balances to other depository institutions overnight. It is a key monetary policy tool used by the Federal Reserve to influence short-term interest rates across the broader economy.

 

 

*Intuitive Machines (LUNR) - Intuitive Machines is an American aerospace company that focuses on providing space exploration and technology solutions. It specializes in developing lunar landers, spacecraft, and autonomous systems for use in space missions.

 

 

*Tupperware (TUP) - Tupperware is a company best known for manufacturing and selling a wide range of kitchen and household storage products, including reusable plastic containers for food storage.

 

 

*WNBA - The WNBA (Women's National Basketball Association) is a professional basketball league in North America.

 

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.