Putting money into a money market account could make sense for specific saver types right now. Milky Way/Getty Images The type of savings account you store your money in is always important. But in the economic landscape that many find themselves in this spring, it’s arguably even more critical than usual to get it right. … Read more
Savers should closely compare their CD and money market account options before making a five-figure deposit into either. Flavia Morlachetti/Getty Images After the Federal Reserve reduced interest rates three times in the final four months of 2024, many savers assumed that the era of big returns on their money was coming to a close. That … Read more
Transferring $5,000 out of a traditional savings account and into a high-rate alternative could make sense for many savers now. Getty Images/iStockphoto If you’ve been able to save a few thousand dollars in recent years, despite an unpredictable economic climate, and have been able to weather market volatility in recent weeks by keeping those funds … Read more
Stocks on Wall Street rose to new heights on Thursday, adding to the record gains seen on Wednesday. It came as investors expressed optimism that a resolution to the war with Iran could be reached quickly. CBS News MoneyWatch correspondent Kelly O’Grady reports. Source link
The growth potential of CDs, high-yield savings and money market accounts won’t be identical for savers. AN Studio/Getty Images While it may feel good to deposit a big, round number in a high-rate savings account right now, the reality is that doing so isn’t always that easy, especially in today’s economy. With inflation surging last … Read more
A jury in a high-stakes antitrust trial on Wednesday found that Live Nation and its subsidiary, Ticketmaster, illegally maintained monopoly power in the ticketing market. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. A group of jurors delivered the verdict in Manhattan federal court after around five weeks … Read more
The interest-earning potential varies when comparing CDs, high-yield savings and money market accounts. yaom/Getty Images When inflation rises, the purchasing power of the dollar erodes and economic conditions worsen. And, in March, it surged significantly. Now at 3.3%, the rate rose by almost a full percentage point in a single month, driven largely by geopolitical … Read more
Hiring across the U.S. rebounded in March after falling sharply the previous month, with employers adding 178,000 jobs, according to new data from the Department of Labor. By the numbers The March employment report beat consensus economic forecasts of 60,000 payroll gains last month, according to FactSet. The latest payroll gains mark a sharp reversal … Read more
The March jobs report is expected to show the U.S. labor market remained relatively stable last month, but experts say the Iran war has already shifted the economic landscape in the weeks since the data that inform Friday’s report was collected. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive … Read more
Reports of big payouts from market trades that appeared to foresee major actions by the Trump administration – potentially with insider information – are becoming increasingly common. Last week, the oil futures market saw a spike in trades about 15 minutes before President Donald Trump announced a pause in plans to attack Iranian power plants. … Read more