The big mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical […]
Cash News Sometimes, you may have items you prefer to keep in a secure location so they aren’t lost or damaged. In these cases, you might want to use a safe deposit box. These boxes aren’t as popular as they used to be due to digital storage and home safes. However, some banks still offer […]
Cash News Turn your DoorDash orders, dinner reservations, and grocery purchases into cash back with the DoorDash Rewards Mastercard®. You’ll earn up to 4% cash back on purchases with no spending caps or annual fees. New cardholders receive a free DashPass subscription for the first year, and you can earn additional years based on your […]
Cash News Whether it’s due to a simple mistake, lost mail, or a change of plans, there are times when you need to cancel a check. As long as you act quickly, canceling a check is simple. But it may cost you upwards of $30. Here’s everything you need to know about canceling a check. […]
Most central banks are cutting interest rates. Not Russia’s. Last month policymakers raised rates to 21%, a two-decade high; markets expect them to reach 23% by the year’s end. The shift is all the more unusual as it is happening at a time of war, when central bankers are normally loth to supress economic activity. […]
Cash News Costco (COST) has added new products to its catalog, and they may someday rival the famous rotisserie chicken in popularity. The club store now sells gold bars, silver coins, and platinum bars — three precious metals that many investors use to diversify their wealth. The timing of Costco’s move into precious metals has […]
Cash News Mortgage rates continue to increase. According to Zillow, the current 30-year fixed mortgage rate and 15-year fixed interest rate have each risen by 10 basis points to 6.64% and 5.98%, respectively. Rates probably won’t significantly decrease by the end of 2024, and the outlook for 2025 is murky. Today could be a relatively […]
Cash News This month, the Federal Reserve finally reduced its target interest rate. This will have a ripple effect on deposit account rates, which means now could be your last chance to lock in today’s high rates with a certificate of deposit (CD). Here’s a look at today’s CD rates and where you can find […]
Cash News The Federal Reserve cut the federal funds rate this month, which means deposit rates will soon follow. It’s more important than ever to ensure you’re earning the highest rate possible on your savings, and a high-yield savings account could be the solution. These accounts pay more interest than the typical savings account — […]
Cash News A money market account (MMA) can be an attractive option for savers who want a safe place to store their funds. MMAs often come with higher interest rates than regular savings accounts, allowing your money to grow more quickly. Plus, they typically include features like check-writing privileges and debit cards, which make it […]