20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
President Joe Biden’s administration announced that it would be distributing $42 billion throughout the 50 states as part of an initiative to bring high-speed internet access to every single American household by 2030.
The funds were already set aside by Congress as part of the Bipartisan Infrastructure Law.
Each state will receive at least $100 million, with some receiving more than $1 billion. States that currently have more residents without internet than average, like Georgia, Kentucky and Florida, will receive large chunks of the funds. Texas, because of its massive population and numerous rural areas, will receive the most of any state, more than $1.8 billion.
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Internet service providers, like Comcast Corp (NASDAQ:CMCSA),Cisco Systems Inc (NASDAQ:CSCO), and AT&T Inc (NYSE:T) are trading up Tuesday on the announcement.
States Receiving More Than $1 Billion For Expanding Internet Access
- Alabama ($1.4b)
- Alaska ($1b)
- Arkansas ($1b)
- California ($1.8b)
- Florida ($1.2b)
- Georgia ($1.3b)
- Illinois ($1b)
- Kentucky ($1.1b)
- Louisiana ($1.4b)
- Michigan ($1.6b)
- Mississippi ($1.2b)
- Missouri ($1.7b)
- North Carolina ($1.5b)
- Pennsylvania ($1.2b)
- Texas ($3.3b)
- Virginia ($1.5b)
- Washington ($1.2b)
- West Virginia ($1.2b)
- Wisconsin ($1.0b)
A White House press release states that in addition to bringing internet access to every American, the initiative will also create manufacturing jobs and stimulate the economy by using materials made in America. Fiber optic manufacturers CommeScope and Corning each announced major expansions of their manufacturing operations in the U.S., creating hundreds of well-paying jobs.
To learn more about Biden’s new internet initiative, check out the fact sheet here.
Photo: Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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