Cash News Today’s certificate of deposit (CD) interest rates are some of the highest we’ve seen in more than a decade thanks to several rate hikes by the Federal Reserve. However, the Fed finally cut its target rate this month, so now could be your last chance to lock in a competitive rate. CD rates […]
CashNews.co As the financial industry evolves, artificial intelligence (AI) is at the forefront of innovation, promising transformative efficiencies and new opportunities. Yet, AI adoption is far from straightforward. Over the past few months, I’ve been involved in AI adoption initiatives in my organization, addressing diverse challenges along the way. This journey has taught me that […]
Cash News Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September and another 25 basis points in November. So deposit rates — including money […]
CashNews.co CNN — President-elect Donald Trump promised Americans he’d bring down consumer prices, make health care more affordable and protect Social Security. Now he has to follow through. Concerns about inflation and the cost of living were central to Trump’s victory in the US presidential election. According to CNN exit polls, 68% of voters said […]
CashNews.co The start of rolling power blackouts in Iran this week amid critical fuel shortages has exposed the vulnerability of the oil-rich country to US sanctions and underscored the impact of years of under-investment. Iran has the world’s third-largest oil reserves and second-largest natural gas reserves. And yet weary Iranians have in recent months had […]
CashNews.co Donald Trump’s lossmaking social media company has become a magnet for fast-moving day traders, vying with Elon Musk’s Tesla and chipmaker Nvidia for their attention as politics moves up the agenda for retail investors. Trump Media & Technology Group, which operates Truth Social, has been among the three most-traded stocks on Interactive Broker’s platform […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gold is on track for its worst week in more than three years as Donald Trump’s US election victory and a strong dollar send bullion’s historic rally into reverse. After jumping more than 35 […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Legal and General is planning to cut jobs in its asset management division following a restructuring earlier this year, as the insurance company attempts to cut costs and boost returns. Up to 20 investment […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Eurozone debt crisis a decade ago was grim for all concerned. Even aside from the impact on people’s lives, every lurch lower in the euro felt a step towards the brink of an […]
CashNews.co Dear all, I am pleased to announce some exciting changes to how we organize our coverage of business, finance and the economy. We will unite these three pillars of The Wall Street Journal in one group under the leadership of Marie Beaudette. Our readers don’t see business and finance and economics as separate domains, […]