Will CD Rates Fall This Summer? Here's a Key Indicator to Watch
Key Takeaways
- Rates on the best nationwide CDs—which pay as much as 4.65%—are largely driven by the Federal Reserve’s benchmark interest rate.
- After hiking the federal funds rate to a historic level in 2023, the Fed began lowering rates last fall. But since December,
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Read MoreHalf of the salaried in private sector lack retirement plans: Survey
Roughly half of India’s salaried wokforce in the private sector contribute little for their retirement benefits, while the other half earmark 1-10% of their salaries for these, according to a survey. This indicates a cautious approach to savings, because of financial constraints or competing priorities, the survey rt by Grant Thornton Bharat showed.
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Read MoreFrance charges 25 suspects with kidnapping and cryptocurrency extortion
The number of exactly physical crimes related to cryptocurrencies has begun to grow rapidly. Recently, for example, three suspects who kidnapped and tortured an Italian man are detained in the United Statesto gain access to its $100 million worth of crypto assets. But the largest number of similar attacks this year was recorded in France.
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Read MoreEgypt Air CEO bullish on aviation market growth, eyes long-haul expansion
Ahmed Adel, Chairman and CEO of Egypt Air, expressed strong optimism about the global aviation market, expecting continued growth in the coming years.
Speaking to CNBC-TV18, Adel said, “Right now we are very bullish on the aviation market. We are seeing growth in the Egyptian market over the next year and two years.
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Read MoreJob growth slowed in May. Will an interest rate cut follow?
Is the labor market finally signaling that it’s time to cut interest rates?
That’s the question following the May jobs report from the U.S. Bureau of Labor Statistics, which shows a mild deceleration of job growth. Employers added 139,000 positions, down from the revised April number of 147,000.
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Read MoreThe Burst
Cannabis Stock For Colossal Growth?
Competition is fierce in the cannabis industry. The Canadian market in particular has a litany of producers and sellers. The consequence of almost 1,000 licensed players elbowing each other for market share has been margin compression for most and losses for many.
As smaller producers creep into the market and steal market share inch by inch,
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Read MoreThe Ivy
Market Commentary: 1 Dividend Stock To Hold Forever
Farming stocks. It’s not the first place most investors think of when scouting for opportunities but in the agricultural world we discovered a stock that has all the hallmarks of being a great hold for the long term, Tractor Supply Company.
Unlike the high-flying financial technology stocks that grabbed headlines after posting record-breaking revenue growth rates during the 2020-21 era only to plummet back to earth in 2022-23,
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