Many experts predict that the Federal Reserve will lower the federal funds rate this week. If that happens, deposit account rates will begin to fall as well.The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. Read on for a snapshot of CD rates today and where to find the best offers.What are the best CD rates today?CD rates have remained high by historical standards, especially for shorter terms. For example, it’s possible to find rates of 5.00% APY or higher for terms of about one year and…
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Stocks have moved mostly higher during trading on Tuesday, with the major averages all moving to the upside following the mixed performance seen in the previous session. With the upward move, the Dow and the S&P 500 have reached new record intraday highs.The major averages have pulled back off their best levels in recent trading but remain positive. The Dow is up 157.71 points or 0.4 percent at 41,779.79, the Nasdaq is up 130.35 points or 0.7 percent at 17,722.47 and the S&P 500 is up 27.88 points or 0.5 percent at 5,660.97.The strength on Wall Street comes amid optimism…
By David Randall and Davide BarbusciaNEW YORK (Reuters) – As the U.S. Federal Reserve begins its much-anticipated rate-easing cycle on Wednesday, interest-rate cuts in the months ahead may be shallower than the market expects.Some major investors and analysts see a rate-cutting cycle that could leave rates at relatively high levels due to the ongoing strength of the economy and say that deep cuts would only make sense if there is a recession ahead.“My sense is that what markets currently expect from the Fed regarding lower interest rates goes beyond what most Fed officials and economists are comfortable with,” said Mohamed…
(Bloomberg) — Indonesia’s central bank unexpectedly cut its key interest rate for the first time in more than three years, as an imminent Federal Reserve pivot allowed it to ease ahead of its own guidance and turn its focus on supporting the economy.Most Read from BloombergBank Indonesia lowered the BI-Rate by a quarter-point to 6%, a decision seen by only 10 of 36 analysts in a Bloomberg News Survey, with the rest expecting a hold. Governor Perry Warjiyo signaled last month that BI would wait until the fourth quarter, when Fed cuts are underway.“The time is right,” Warjiyo said in…
Image source: Getty Images. In the first quarter of 2024, high-flying Super Micro Computer (NASDAQ: SMCI) was one of the most popular artificial intelligence (AI) stocks to buy. Between mid-January and mid-March, its share price soared from around $300 to $1,230. Recently however, this stock’s come crashing down. Currently, it can be snapped up for $440 – about 65% below its 52-week high. Is it time to buy the growth stock for my portfolio? Let’s discuss. I’ve been watching this stock I’ve had Super Micro Computer on my watchlist for many years now (well before the AI craze). I actually…
One group of stocks that will shine a bit brighter during the Federal Reserve’s interest rate cutting cycle is the payers of hearty dividends. We have a handful of them in the Club’s portfolio, led by Best Buy . The cycle is all but guaranteed to begin Wednesday with a traditional quarter percentage point reduction or perhaps a larger half-point move . Under either scenario, dividend-paying stocks stand to gain because their quarterly payouts will start to look relatively more attractive than competing options for income-seeking investors. That includes U.S. government bonds and even money market funds and certificate of…
By Lucy Papachristou and Lidia Kelly LONDON (Reuters) -A large-scale Ukrainian drone attack on Russia triggered an earthquake-sized blast at a major arsenal in the Tver region on Wednesday, forcing the evacuation of a nearby town, war bloggers and some media reported. Unverified video and images on social media showed a huge ball of flame blasting high into the night sky and multiple detonations thundering across a lake about 380 km (240 miles) west of Moscow. NASA satellites picked up intense heat sources emanating from an area of about 14 square kilometres (5 square miles) at the site in the…
(Bloomberg) — The size of the Federal Reserve’s interest rate cut this week won’t be a game changer for global investors, though risks from China’s slowdown continue to weigh on their minds, according to participants at a regional forum.Most Read from BloombergBridgewater Associates LP founder Ray Dalio said what the Fed will do this week “doesn’t make a difference” over the longer term as policymakers will ultimately need to keep real interest rates low to allow servicing of mounting debts.“The Fed has to keep interest rates high enough to satisfy the creditors that they are going to get a real…
Inflation held steady at 2.2% in the year to August, despite a jump in the cost of flights.The rise in air fares was offset by lower fuel prices and prices in restaurants increasing more slowly, the Office for National Statistics (ONS) said.The latest figure means overall inflation remains slightly above the Bank of England’s target of 2%.But the rate is significantly lower than at the peak of the cost of living crisis in 2022.The latest figures come as the Bank of England is expected to keep interest rates unchanged at 5% when it meets on Thursday.Most economists think a cut…
By Ella Cao and Ryan WooBEIJING (Reuters) – Chinese homebuyers on a tight budget have long sought out Hegang, an ex-coal boomtown on the Russian border. Now, as China’s property crisis spreads, Hegang’s basement prices are showing up in wealthier regions in a new threat to the economy.Average prices of new homes in 70 major cities including Beijing slumped for the 14th month in August despite dramatic reversals in China’s once-restrictive purchase policies. Even prices in the economically vibrant south have sunk, stoking intense social media discussions on widening property deflation, with hashtags “Hegang-isation” and “HegangHomePrices” chalking up tens of…