Good Morning!
First up, we've got the lowdown on the US trade deficit doing its disappearing act, as imports take a vacation like they're on a tropical island, hitting a 1 ½ year low. Speaking of disappearing acts, ever wondered what would happen if Robinhood pulled a Houdini and went bankrupt? We've got the information on how your investments might handle that situation.
Grab your Venti, half-sweet, non-fat, caramel macchiato with an extra shot of espresso, and let's get into it! ☕️👇️
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From our partners
Markets
US trade deficit shrinks as imports hit more than 1-1/2 year low (3 minute read)
The U.S. trade deficit decided to go on a slim-down in June - imports took a nosedive, hitting a low point that hasn't been seen in ages. The Commerce Department spilled the beans on Tuesday, hinting that businesses are hitting the brakes on foreign spending and imports, thanks to the Federal Reserve going all in with their interest rate hikes.
Investing
What Happens To My Stocks if Robinhood Goes Under or Bankrupt? (4 minute read)
Robinhood is a relatively new trading platform, founded in 2013, and it has quickly grown in popularity due to its commission-free trading. However, the company has also faced some criticism, including allegations of poor customer service and insufficient funds to cover customer losses. In fact, in February 2018 the company was forced to take out a $110 million loan just to stay afloat.
It's a question on the minds of many Robinhood users lately: what happens if Robinhood goes bankrupt? This article will explore that question in depth, and also provide some tips on what you can do to protect your investments if Robinhood went out of business.
5 Magnificent ETFs to Buy Hand Over Fist for the Second Half of 2023 (5 minute read)
It’s no secret that exchange-traded funds (ETFs) are like the secret sauce for growing your riches without breaking a sweat on fees. For investors who may not have the time to research individual companies, can't stomach a volatile market, or who simply want to complement their existing investment strategy, ETFs can be a smart place to turn. For the second half of 2023, investors can confidently buy the following five ETFs.
Money
7 Ways to Improve Your Credit Score Right Now (6 minute read)
Picture this: a shiny credit score not only gets you high-fives from lenders, but it makes getting loans a walk in the park. Whether it's a mortgage, a car loan, a student loan, or a personal loan, your credit score is like the VIP pass that decides how much you'll be forking over in interest.
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