Tag: Economys

3 Stocks to Invest in the Economy’s Digital Transformation

The economy is always changing, and the shift toward digital assets and services has been going on for decades now. The coronavirus pandemic only accelerated an existing long-term trend when it ushered in video calls, online shopping, digital entertainment services, and remote work much faster than originally planned.

The accelerated digital transformation is here to stay, and smart investors will make sure that they make the most of this sea change. There are many ways to approach the digital economy as an investor, and you could fill many bookshelves with a complete set of advice on this topic. Today, I’ll just show you how Amazon (NASDAQ: AMZN), Roku (NASDAQ: ROKU), and Square (NYSE: SQ) are poised to ride the digital economy wave further and higher than anyone else.

A young woman uses a smartphone surrounded by dollar-sign symbols.

Image source: Getty Images.

Amazon is amazing

Amazon covers two important bases on the digital-business playing field. The company

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Fed Chief to Testify on Economy’s ‘Marked’ Progress: Live Updates

Credit…Anna Moneymaker/The New York Times

Jerome H. Powell, the chair of Federal Reserve, is expected to tell Congress on Tuesday that the economy has made meaningful progress but that the outlook is uncertain and policymakers will need to do more.

“Many economic indicators show marked improvement,” Mr. Powell is set to tell the House Financial Services committee, crediting some of the gains to fiscal policies like expanded unemployment insurance, which expired at the end of July. “Both employment and overall economic activity, however, remain well below their pre-pandemic levels, and the path ahead continues to be highly uncertain.”

Mr. Powell will say the path forward will depend on virus control and “policy actions taken at all

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