When it comes to income investing, conventional wisdom dictates that we need to stay away from exciting stocks like Tesla and Nvidia in favor of more stable options. However, there is a strategy that enables us to have the best of both worlds - enter the "covered call" options play. A covered call is a fairly straightforward options trade. To put it simply, a call option grants … [Read more...] about Unleashing the Potential of Income Investing: The Covered Call Strategy
Bond Yields Decline Ahead of Inflation Data
Investors are closely watching the upcoming consumer price index (CPI) report for June, which is set to be released at 8:30 a.m. Eastern. As a result, bond yields experienced a decrease early Wednesday as traders positioned themselves ahead of this crucial data. Yield Movement Here is a breakdown of the yield movement for various Treasury bonds: The yield on the 2-year … [Read more...] about Bond Yields Decline Ahead of Inflation Data
U.S. Dollar Falls as Inflation Slows to Lowest Level
The U.S. dollar experienced a decline on Wednesday following the release of the consumer-price index for June, which indicated a slowdown in the rate of inflation to its lowest level since 2021. According to Dow Jones Market Data, the ICE U.S. Dollar Index DXY, a measurement of the currency against six major rivals, dropped to 100.69 on Wednesday, marking its lowest level since … [Read more...] about U.S. Dollar Falls as Inflation Slows to Lowest Level
Americans Flocking to Europe for Summer Travel
After three summers of Americans vacationing domestically, there has been a significant shift towards international travel this summer, according to Truist analyst Patrick Scholes. Allianz Partners, a travel insurer, predicted in May that the number of Americans traveling to Europe would increase by 55% compared to last summer. U.S.-based tour operators are also seeing strong … [Read more...] about Americans Flocking to Europe for Summer Travel
Tornado Touches Down Near Chicago’s O’Hare International Airport
Severe Weather Warning Leads to Confirmed Tornado The National Weather Service has reported that a tornado touched down near Chicago's O’Hare International Airport following severe weather warnings for the city. The tornado was confirmed to be on the ground around 7 p.m. on Wednesday, as stated by the National Weather Service in Chicago. Seek Shelter in the Warned … [Read more...] about Tornado Touches Down Near Chicago’s O’Hare International Airport
