Kenai shop local program goes live Monday

El Passo

Kenai shoppers will be able to take advantage of the city’s shop local program, called “Shop Here All Year in Kenai,” beginning Monday, when participating businesses will be able to begin issuing vouchers.

The program, which is being offered in partnership with the Kenai Chamber of Commerce and Visitor Center, aims to incentivize shopping at Kenai businesses by awarding vouchers to people who spend money on qualifying items at participating Kenai businesses to spend at those same businesses. People who spend $100 will receive a $50 voucher, while people who spend $200 will receive a $100 voucher.

Participating businesses will

Read the rest

All aboard the stock-market solar coaster

El Passo

Solar stocks are sizzling—quite an accomplishment for the simplest and most mature of the green-energy technologies. Finding companies that could keep shining might require looking in less obvious places.

The MAC Global Solar Energy Index has generated a 233% return including dividends for dollar investors during the past year. That is well ahead of returns from wind-turbine makers Vestas and Siemens Gamesa, nevermind the S&P 500’s 15%.

As public and political support for green power has

Read the rest

News roundup: GameStop, Robinhood, and the SEC made headlines last week

El Passo

What happened last week? An army of retail traders, led by Reddit’s Wall Street Bets forum, poured money into shares of GameStop, a dying retail relic, as part of a battle against Wall Street short sellers. 

GameStop stock surged to record highs

GameStop store New York City January 2021.JPG

A man walks in front of a GameStop store in the Jackson Heights neighborhood of New York City on Wednesday.

Nick Zieminski/Reuters


As GameStop stock surged, loses mounted for short sellers like Melvin Capital and Citron Research. Hedge funds have lost billions on the stock this year. 

Some on Reddit said the stock rally was payback

Read the rest

Ignore the Reddit-fueled spike, GameStop is actually still in trouble

El Passo

GameStop’s stock price won’t help the stores make more money. 


Getty Images

GameStop has been at the center of attention this week as its stock price skyrocketed and endured several massive swings. Share prices have increased almost tenfold since last Thursday, thanks to a growing movement on Reddit to buy the company’s stock. As exciting as it might be to try to make some money off this crazy situation, it’s imperative to understand that GameStop, fundamentally, isn’t doing so hot. 

The share price for GameStop — $325 when the market closed on Friday — doesn’t tell the whole story

Read the rest

Eyeing 1.14+ as GBP Shines, ECB and Vaccine Woe Halt EUR

El Passo

– GBP/EUR set to break higher, with scope for 1.14+ this week.
– Vaccine success & valuation aid GBP in a FX-concerned world.
– ECB’s EUR/USD fears, EU’s vaccine crisis put brakes on EUR.
– BoE decision on negative rates the highlight for GBP this week.

Image © Adobe Stock

  • GBP/EUR: spot rate at time of writing: 1.1285
  • Bank transfer rate (indicative guide): 1.1004-1.1083
  • FX specialist providers (indicative guide): 1.1130-1.1220
  • More information on FX specialist rates here 

The Pound-to-Euro rate extended its tentative 2021 advance last week and could rise further in the coming days, breaking above resistance on the

Read the rest