April 11, 2021

years

Investors have put more money into stocks in the last 5 months than the previous 12 years combined

Traders work on the floor of the New York Stock Exchange.

NYSE

The latest wave of market enthusiasm has brought with it a stunning rush of money, in which more of investors’ cash has gone to stock-based funds in the last five months than the previous 12 years combined.

That statistic, from Bank of America, reflects a period in which the Dow Jones Industrial Average has risen more than 26%.

At the same time, the market has undergone some wild trends that included a massive influx to meme stocks such as GameStop and AMC Entertainment Holdings. Trading volume rose 40%

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U.S. rolls out first update to flood insurance pricing in 50 years

NEW YORK (Reuters) – Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to its pricing system in half a century.

FILE PHOTO: Housing surrounded by flood waters caused by Hurricane Harvey is seen from a U.S. Coast Guard helicopter during an overflight from Port Aransas to Port O’Connor, Texas, August 26, 2017. U.S. Coast Guard/Petty Officer 3rd Class Johanna Strickland/Handout via REUTERS

The agency said that, over the coming year, it will

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Math teacher reaches financial independence at 33 years old

From the moment Steve Chen saw his first paycheck, he knew the job wasn’t going to pan out. He started his career as a public school teacher in 2014, teaching math to middle-school students in Los Angeles, and the pay just wasn’t enough.

He was making a little over $5,000 a month pre-tax. But after all the taxes and benefits were deducted, he was left with barely enough money to enjoy his life the way he wanted to. 

“I live in California. A lot of the stuff here is super expensive, like with taxes, food, and living costs. I did

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Calif. man accused of killing sons for insurance payout gets 212 years on fraud charges

LOS ANGELES (KABC) – A California man accused of killing his two disable sons in an insurance scheme was sentenced to 212 years in prison on federal fraud charges.

In April of 2015, Ali Elmezayen drove a car off a pier at the port of Los Angeles. He swam out of the car quickly and reportedly left his ex-wife and two of their sons inside the vehicle to die.

His alleged intention was to collect money from accidental death insurance policies.

“it is extremely troubling to see someone be so cold-hearted and cold-blooded to try and murder his family members,”

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After 22 Years In Business, PayPal Is Still Just Getting Started

PayPal‘s (NASDAQ:PYPL) performance knocked it out of the park in its most recent quarter and fiscal year. The coronavirus accelerated the move to digital payments, and it’s capturing more transactions from more customers than ever before. On a Fool Live episode recorded on March 3, Fool contributors Brian Withers and Matt Frankel discuss the quarter and talk about how this digital payments processor is still just in the early innings of the long-term trend toward a cashless economy.

Matthew Frankel: For sure. Moving on to PayPal, which I would argue had the best quarterly report of all 10

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Father gets 212 years in prison for scheme that killed his autistic sons for life insurance

A California man was sentenced to more than two centuries in prison on Thursday for his plot to drive his partner and two autistic sons off a wharf at the Port of Los Angeles, killing his children, in order to collect life insurance money.

Ali F. Elmezayen, 45 was hit with the maximum sentence for charges of wire fraud, mail fraud, identity theft, and money laundering in the scheme to kill his family for millions in insurance money. U.S. District Judge John F. Walter called it an “evil and diabolical” scheme during Thursday’s sentencing.

“He is the ultimate phony and

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