Cash News As interest rates begin to fall following the Fedâs recent rate cuts, itâs more important than ever to ensure youâre earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts â they offer interest on your […]
High rates could be here to stay #CashNews.co
Cash News Most of today’s mortgage rates have remained stagnant. According to Zillow, both the 30-year and 15-year fixed interest rates haven’t budged and sit at 6.67% and 5.95%, respectively. Unless there is a severe financial setback, 30-year mortgage rates might be stuck in the 6.5%-to-7% range for a while. Do you have the down […]
China pushes insurers to buy equities #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has told state-owned insurance funds to invest more in the countryâs domestic stock market as authorities try to boost equities. This is the first time regulators have set explicit investment targets for mutual […]
Best savings interest rates today, January 22, 2025 (top rate at 4.75% APY) #CashNews.co
Cash News The Federal Reserve cut the federal funds rate three times in late 2024, which means deposit rates are now falling. 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 […]
Who pays and whoâs exempt #CashNews.co
Cash News If you find out someone left you a little something in their will, chances are you wonât need to pay an inheritance tax on it. There is no federal inheritance tax, and only five states have inheritance taxes. So unless the person who died lived in one of those states, you wonât have […]
Donald Trump pardons founder of Silk Road drugs website #NewsMarket
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has pardoned Ross Ulbricht, who was sentenced to life in prison in 2015 for masterminding an online marketplace for illegal drugs and hacking services. On his second day in office, […]
Brussels proposes extending EU banksâ access to UK clearing houses #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels has proposed extending EU banksâ access to UK derivatives clearing houses for another three years in a victory for the City of London. The European Commission on Wednesday announced it had tabled a […]
LNG exporter Venture Global slashes IPO valuation target by $45bn #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venture Global, one of the biggest US liquefied natural gas exporters, has dramatically scaled back its IPO plans, dealing a blow to Wall Streetâs hopes for a rebound in equity capital markets activity this […]
Ousting of CMA chair prompts warnings of interference in UK regulation #NewsMarket
CashNews.co Antitrust lawyers have questioned the âextraordinaryâ decision by ministers to force out the chair of Britainâs competition watchdog, suggesting that it could have a âchillingâ effect on other UK regulators. The government confirmed the departure of Marcus Bokkerink as chair of the Competition and Markets Authority on Tuesday evening, after the Financial Times reported […]
Record cocoa prices prompt buyers to delay orders, says Swiss chocolate maker #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the European companies myFT Digest — delivered directly to your inbox. Record cocoa prices are prompting chocolate buyers to postpone orders and attempt to renegotiate pricing, according to chocolate maker Barry Callebaut. Cocoa prices have almost tripled in the past year as extreme weather and […]