James Royal is a reporter covering investing and wealth management. Before joining Bankrate, he worked as a writer for NerdWallet and a stock analyst …
From prediction markets to GameStop lawsuits — 4 stories we're reading this week
Jim Royal, Bankrate's investing and wealth management reporter, recaps the top four stories that caught his eye this week.
Photo: www.bankrate.com
Meet Jim
James F. Royal, Ph.D., is a senior reporter for investing at Bankrate, and has been investing in the stock market for more than two decades. Royal is the author of The Zen of Thrift Conversions, and holds a doctorate from the University of Florida.
this trading platform will now let you wager based on yes-or-no questions
Prediction markets are fascinating things, and this trading platform lets investors wager on yes-or-no prop bets. While they’re similar in some ways to binary options (which is pure gambling with a daily win/loss), this kind of market can help surface informed belief on relevant questions or concerns.
An online-trading startup that aims to let people wager on questions about future events ranging from economics to the weather to public health has raised $30 million from an array of prominent investors...
The GameStop fallout continues with lawsuits
The fallout from the GameStop short squeeze continues, and it’s fascinating to watch those who lost money on the trade try to get even with those who (ostensibly) made money on it. It’s a reminder that if you’re trading on your own account, you’re responsible for your decisions.
Keith Gill, one of the most influential voices that pushed GameStop on the WallStreetBets Reddit forum, was hit with a lawsuit that accused him of …
Thinking about relocating? These cities will pay you to move
If you’re a remote worker, you may be able to take advantage of some programs that are trying to entice you to move to a city. These are especially valuable if you already wanted to move there anyway (part of the reason they’re poor public policy).
As the coronavirus pandemic spurs a migration of skilled workers out of pricey metro areas, a growing number of cities and states are recruiting new …
How Biden's tax plan could affect you
Here’s what to watch out for in Biden’s new tax plan, including tax credits (and who gets them) and tax hikes. Good reporting from Bankrate’s Sarah Foster.
President Joe Biden will find it challenging to implement all of the sweeping tax overhauls he favored on the campaign trail — at least the ones that …
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