JPMorgan Chase CEO Jamie Dimon revealed that his bank is considering offering prediction market services to its customers. “It’s possible one day we’ll do something like that,” Dimon said in an interview with “CBS Evening News” anchor Tony Dokoupil, speaking about services such as Kalshi and Polymarket, which allow people to make bets on everything … Read more
Savers should closely compare their CD and money market account options before making a large deposit into either. Javier Zayas Photography/Getty Images If you have $75,000 saved and are looking to increase those savings further, you may be tempted to invest it now. With options like stocks, bonds, real estate and even alternative investments like … Read more
Federal Reserve Chair Jerome Powell has a message for young Americans looking for work in a tough job market: Don’t be deterred, even as job creation remains weak and the threat of artificial intelligence looms. The Fed chair, who made the comments on Monday to an undergraduate economics class at Harvard University, covered a lot … Read more
Savers looking to home $75,000 may want to consider the advantages a money market account offers now. Aleksandr Zubkov/Getty Images With news this March that the Federal Reserve was again keeping its interest rate-cutting campaign on pause (for the second time this year) and with the need for safe and profitable savings accounts pronounced thanks … Read more
Global oil prices jumped and U.S. stock futures slid ahead of Monday’s market open after the weekend saw Iran-backed Houthi militants launch ballistic missiles at Israel and 3,500 additional U.S. troops arrive in the Middle East as the conflict rounded one month. Advanced trades on the three major U.S. stock indexes were down as much … Read more
Savers should carefully compare their CD and money market account options before depositing $60,000 into either. twomeows/Getty Images If you have a respectable amount of money in a traditional savings account right now, you may want to reconsider your approach. With an average interest rate of just 0.39% right now, you’re not only failing to … Read more
WASHINGTON — WASHINGTON (AP) — President Donald Trump started the fourth week of his war against Iran by offering the world some guarded optimism that the U.S. could soon be winding operations down, a claim that markets cheered but Iranian officials dismissed as a ploy to buy time for a conflict that is causing economic … Read more
Savers looking to earn a high interest rate have three primary accounts to consider right now. dontree_m/Getty Images Saving a five-figure amount of money isn’t always easy to do. But in the economic climate of recent years, in which inflation surged, interest rates rose alongside it, and the expenses of everyday living became difficult to … Read more
Savers should carefully weigh their account options before depositing a large, six-figure amount into either. porcorex/Getty Images In a traditional economic climate, depositing a five-figure amount of money into a savings account may not have made much financial sense. And depositing a larger, six-figure amount of money should have typically been avoided. But the economic … Read more
Interest earnings with a money market account will pile up over time, especially if the account is left untouched. RixSix/Getty Images In the elevated interest rate landscape of recent years, savers could be forgiven for exclusively focusing on certificate of deposit (CD) accounts. After all, at points in 2023 and 2024, rates here were as … Read more