Personal Finance
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CDs vs. high-yield savings accounts — where can you earn 5.5% after Fed’s rate hike? ‘This is time-sensitive.’
The face-off Higher interest rates have made it more expensive to carry a balance on your credit card or take out a car loan, but on the flip side, there’s an opportunity to earn more interest on cash savings. You can do this by opening a high-yield savings account or buying a certificate of deposit…
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I’m 65 with more than $5 million saved and I can’t figure out how to spend it fast enough to avoid an RMD disaster
Got a question about the mechanics of investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write me at [email protected]. I think I have an uncommon problem. I’m a 65-year-old recently retired education administrator. I think I might have saved…
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We know not to take money early from a tax-deferred retirement account. So why do we do it?
Once you earn money, it’s normal to want to spend it. There’s nothing wrong with that, unless it sits in a tax-advantaged account. Most employees who participate in a 401(k) or another defined contribution plan want to build a nest egg. They allocate a portion of every paycheck to it and leave it alone. If…
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LeBron James pictured wearing $791 Nike sneakers that are only available via an NFT. Here’s how that works.
In a new set of photos of basketball star LeBron James in Los Angeles, he’s seen wearing red and black Nike sneakers. While it may appear like a regular pair of shoes, the process of obtaining them isn’t as straightforward as buying them with cash or a credit card at a store. The special-edition sneakers…
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Loneliness is an ‘epidemic’ that costs billions and leads to bad health outcomes and even death
Loneliness is more than a bad feeling. It’s as deadly as smoking up to 15 cigarettes a day and is associated with a greater risk of cardiovascular disease, dementia, stroke, depression, anxiety, and premature death, according to an advisory by the U.S. Surgeon General. The mortality impact of being socially disconnected is greater than that…
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Apple earnings show surprise jump in iPhone sales and a 4% dividend hike
Apple Inc. on Thursday revealed surprise growth in its iPhone business during the first three months of the year, overcoming a shortfall in Mac revenue as the company promised investors billions more in dividends and stock repurchases. Apple shares AAPL, -0.99% were up nearly 2% in extended trading after the earnings call. The company reported…
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Silver hit a 1-year high. Here’s why it can keep climbing.
[]Gold isn’t the only precious metal benefitting from economic uncertainty and the crisis in the banking sector. Silver prices last month climbed to their highest in a year, with room to move higher as the global market for the metal this year looks to post its second largest supply deficit in 20 years. []“Demand for…
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‘Deposits are going to keep drifting out,’ says DoubleLine’s Gundlach, warning of echoes of S&L crisis at banks
“I’m really turning more bearish,” Jeffrey Gundlach, CEO of DoubleLine, told CNBC on Wednesday, after the Federal Reserve raised rates by another 25 basis points to the highest level since 2007. “It just seems to me that deposits are going to keep drifting out,” Gundlach told the business network. “I don’t think this is the…
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‘Generous but expensive’: The costs of helping banks alleviate deposit stress don’t come cheap
The costs of powerful backstops for banks are in the spotlight after First Republic Bank’s failure and sale to JPMorgan Chase pushed the tally of recent assets seized by regulators from three banks above the 2008 crisis peak. The Federal Reserve created a new Bank Term Funding Program in early March, with the aim of…
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Apple Card savings account has an attractive 4.15% interest rate, but beware of these pitfalls before signing
Apple’s latest move into financial services is generating a lot of attention. Last month, Apple AAPL launched its new Apple Card savings account. It offers an attractive interest rate and allows users to move seamlessly between the savings account and credit card while using their iPhone. But is it the right option for consumers? The…