Cash News The Federal Reserve cut the federal funds rate three times in 2024, which means deposit account rates are also on the decline. 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 […]
Cash News Mortgage rates have made noticeable drops since last weekend. According to Zillow, the 30-year fixed mortgage rate has fallen by 20 basis points to 6.39% since last week, and the 15-year interest rate is down 19 basis points to 5.72%. Rates probably won’t decrease much more drastically over the next few months. Now […]
Cash News Money market accounts (MMAs) can be a great place to store your cash if you’re looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for […]
DURING HIS inaugural address eight years ago, Donald Trump spoke of “American carnage”. In recent days he has spread something similar across the world economy: a problem he alone could fix, in his words, has become something he alone has globalised. Source link
Cash News The Federal Reserve reduced its target interest rate three times in 2024. This had 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 […]
IN ITS SCOPE and severity, the trade war took markets by surprise. On April 3rd, the day after President Donald Trump laid out an unprecedented array of tariffs, the Russell 3000, one of the broadest measures of the American stockmarket, fell by 5%. It then fell by 6% on April 4th, when China announced that […]
IN ITS SCOPE and severity, the trade war took markets by surprise. On April 3rd, the day after President Donald Trump laid out an unprecedented array of tariffs, the Russell 3000, one of the broadest measures of the American stockmarket, fell by 5%. It then fell by 6% on April 4th, when China announced that […]
IN DONALD TRUMP’S view of global trade, America has been “looted, pillaged, raped and plundered by nations near and far”. Ironically enough, customers near and far who avail themselves of the services of America’s banking, consulting and tech giants sometimes talk in similar terms. For foreign officials thinking about how to retaliate against Mr Trump’s […]
DONALD TRUMP’S tariff announcement on April 2nd has drawn mockery for its spurious maths. Any bilateral trade deficit is treated as gross unfairness; the tariffs are set by taking the measure as a share of goods imported from each country, and halving it. But there are other oddities too, from the fact that the tariff […]
NEVER INTERRUPT your enemy when he is making a mistake. That sounds like Sun Tzu, a renowned Chinese strategist, but the adage, attributable to Napoleon Bonaparte, originated on the other side of the world. Perhaps that explains why China’s leader, Xi Jinping, seems oblivious to the advice. Source link