Business man using calculator with computer laptop getty There’s a faint but growing sucking sound permeating Wall Street. That is the sound of money being gradually sucked out of traditional investments like stocks and bonds and into money market funds. A money market fund is a type of mutual fund that invests in highly liquid…
LONDON, ENGLAND – SEPTEMBER 17: Canadian freedom activist Chris Sky, a supporter united … [+] non-compliance speaks to assembled crowds as they gather outside the Bank of England before they march across London on September 17, 2022 in London, England. Protesters are demanding that leaders who put together the Covid response over the last few…
Crane picking up a car in a junkyard getty The stock market is coming off another sugar high, but REITs (real estate investment trusts) are still cheap. That’s great news to us income investors, who look past the piddly paying blue chips on the S&P 500. We prefer REITs because they pay, and we appreciate…
The federal funds rate will probably push higher in June. (Photo by Samuel Corum/Getty Images) Getty Images Federal Reserve policymakers will probably hike the target range for the federal funds rate at their upcoming meeting, according to results recently provided by the CME FedWatch Tool. The members of the Federal Open Market Committee are 70.5%…
The Current, Choppy Financial Landscape The global financial landscape is currently facing several challenges. Rising inflation, the war in Ukraine, possible US default, and the Federal Reserve’s interest rate hikes all contribute to a volatile and uncertain market. Rising Sea of Inflation Sea waves, Rough Sea. (Photo by Hulton Archive/Getty Images) Getty Images Inflation is…
Topline The Federal Reserve signaled Wednesday its top decision makers are split over whether to pause its interest rate hike crusade, a crucial decision for the economy as inflation remains stubbornly high. Jerome Powell, center, is amidst a tenuous time as the chief of the U.S.’ central bank. Getty Images Key Facts Central bank officials…
Senator Elizabeth Warren, a Democrat from Massachusetts, speaks during a Senate Banking, Housing, … [+] and Urban Affairs Committee hearing in Washington, DC, US, on Wednesday, May 17, 2023 The hearing is titled “Strengthening Accountability at the Federal Reserve: Lessons and Opportunities for Reform.” Photographer: Sarah Silbiger/Bloomberg © 2023 Bloomberg Finance LP Last week, I…
US President Joe Biden Biden is scrapping planned stops following his trip to Japan for the G7 … [+] meeting to return for continuing negotiations with Republicans over raising the debt ceiling. Photographer: Al Drago/Bloomberg © 2023 Bloomberg Finance LP While banks and stocks generally had a week of robust gains, the rally was trimmed…
Rates have risen…a lot. Should you hold cash or invest? Kristin McKenna, Darrow Wealth Management, YCharts Should you hold cash or invest in the market? Attractive yields on savings and cash-like investments can make it tempting to hold cash instead of investing extra money. On the heels of the worst year ever for bonds and…
SANTA CLARA, CALIFORNIA – MARCH 10: A customer stands outside of a shuttered Silicon Valley Bank … [+] (SVB) headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation. Prior to being…