Investing News

October has seen certificate of deposit (CD) rates rising on the heels of the Fed’s September 21 announcement of another massive rate hike. This week, the top nationwide rate rose further among the three shortest terms, while remaining flat for terms of 18 months or longer. Savers can now earn a notable 4% or more

Tech giant Google (NASDAQ: GOOGL) has partnered with Coinbase (NASDAQ: COIN) to allow users to pay for cloud services using crypto. A select group of customers will now be able to make payments with Bitcoin, Ether, and Dogecoin. In response to the news, Coinbase’s stock rose over 7%. Key Takeaways Google has partnered with cryptocurrency

Rates on conventional 30-year mortgages saw a pause Monday in their boldly swinging pattern of the last two weeks, essentially holding flat after bolting back into the 7% range to end last week. Averages on every major Jumbo product, on the other hand, soared higher Monday. Today’s National Mortgage Rate Averages The 30-year average shed

After winning the approval of New York’s financial regulator earlier this fall, the Bank of New York Mellon is all set to hold its customers’ bitcoin and ether starting this week. The nation’s oldest bank has added cryptocurrencies to its custody services. Key Takeaways BNY Mellon will begin to hold select customers’ bitcoin and ether

An index of small business optimism edged up slightly by 0.3 points in September to a reading of 92.1 as sales expectations rose, according to the National Federation of Independent Business (NFIB). However, the index still remained below its 48-year average of 98, as rising costs weigh on businesses, with close to a third of owners saying

Derivatives offer investors a powerful way to participate in the price action of an underlying security. Investors who trade in these financial instruments seek to transfer certain risks associated with the underlying security to another party. Let’s look at five derivative contracts and see how they might enhance your annual returns. Key Takeaways Five of the more popular derivatives are options,

Interest is defined as the cost of borrowing money, as in the case of interest charged on a loan balance. Conversely, interest can also be the rate paid for money on deposit, as in the case of a certificate of deposit. Interest can be calculated in two ways: simple interest or compound interest. Simple interest is calculated on the

Mortgage rates have yo-yoed dramatically the past two weeks, with the latest movement being a big push higher again. The 30-year average is now back to the 7% range and less than a tenth of a point under the 20-year high it hit in late September. Today’s National Mortgage Rate Averages Rates on 30-year loans

The CFA Level III exam is the last in the series of three exams conducted by the CFA Institute. Coupled with at least 48 months of relevant work experience, successful completion of the final level yields a charter membership. While the first two levels revolved around basic financial knowledge, investment valuation comprehension, and the application

The Consolidated Appropriations Act (CAA), 2021, signed into law on Dec. 27, 2020, provided money for a new type of Economic Injury Disaster Loan (EIDL) advance and funding for a new grant that targets shuttered venues. Guidance from the Small Business Administration (SBA) describes how to get part or all of your PPP loan forgiven

Former Federal Reserve Chair Ben Bernanke and two other U.S economists, Douglas Diamond and Philip Dybvig, won the Nobel Memorial Prize in Economic Sciences for work over the course of four decades on the role that bank bailouts play in financial crises. Key Takeaways Three U.S. economists won the 2022 Nobel Economics Prize for work

You can place bets on the world’s currencies through forex (foreign exchange) brokerage accounts, buying or selling currency pairs that react to economic developments all over the globe. The forex market operates 24/6, opening on Sunday afternoon in the U.S. and closing after stock traders complete their business on Friday afternoon. The volume of currency

Some 65 million Americans receive Social Security retirement benefits each month, according to the Social Security Administration (SSA). The average monthly benefit for all retired workers in 2022 is estimated to be $1,657—a sum that represents the primary source of income for some of them. Even if you’ve saved funds in a 401(k), an individual

Rivian Automotive (RIVN) is recalling almost all of its 2022 vehicles because of a problem with a wheel fastener. Rivan said in a filing with the National Highway Traffic Safety Administration (NHTSA) it was recalling 12,212 RT1 trucks, RS1 SUVs and EDV commercial vans after discovering that the front upper control arm and the steering

Ethereum is a name that comes up often in discussions about digital currency. Ether is also a name you’ll hear often, but many people are confused between the two because both names are sometimes used to refer to the cryptocurrency. There are key differences between Ethereum and its cryptocurrency, ether (ETH). Ethereum is a blockchain

A single stock future (SSF) is a futures contract between two parties. The buyer of the SSF, or the “long” side of the contract, promises to pay a specified price for 100 shares of a single stock at a predetermined future date (the delivery date). The seller, who is on the “short” side of the

Rates on certificates of deposit (CDs) are notably up to start October, which is no surprise following the Fed’s September 21 announcement of another massive rate hike. In six of the eight major CD terms, the top nationally available rate climbed at least 20 basis points, and as much as two-thirds of a percentage point

The money supply of a country is a major contributor to whether inflation occurs. As a government evaluates economic conditions, price stability goals, and public unemployment, it enacts specific monetary and fiscal policies to promote the long-term well-being of its citizens. These monetary and fiscal policies may change the money supply, and changes to the

Keep An Eye On These Coins The last week in the crypto market continued the theme of the past quarter, namely of most assets holding just above their support levels. The asset class is hoping that there will be a reason for it to break out of its slump, and some coins are at least

The staggering cost of higher education in the United States has many prospective college students wondering about countries with free college and pursuing a degree abroad. While conventional wisdom still points to the benefits of having a college degree, more students and their families are seeking alternatives to lower their college tuition bills. More Americans