Some CDs Are Still Paying Close to 5%. Here's Why I Wouldn't Open One
Just a few months ago, 5% CDs were pretty easy to find. Unfortunately, the days of 5% CDs are largely behind us. The Federal Reserve opted to lower its benchmark interest rate by half-a-percentage-point in mid-September in response to slowing inflation. And when the Fed’s benchmark interest rate falls, savings account and CD rates tend to follow.
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Read MoreCathie Wood buys $15 million of soaring mega-cap tech stocks
While Cathie Wood, chief executive of Ark Investment Management, specializes in small- and midcap technology stocks, sometimes she goes for the megacaps.
The idea presumably is to provide ballast for her funds, which consist mostly of riskier stocks. Sometimes she’ll even buy when the stocks are rising, and that’s what she did Tuesday.
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Read MoreGold performance 2024 and how much will gold price increase in Q4?
Gold price gains positive traction for the second straight day amid bets for additional Fed rate cuts. Gold prices have shown strong upward momentum in 2024. In the first three quarters, gold surged significantly, reaching an all-time high of around $2,685 per ounce in Q3. Analysts expect gold to continue its strong performance,
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Read MoreRobinhood Launches Desktop Platform Alongside Futures and Index Options Trading
Robinhood Markets Inc. (HOOD.O) launched its long-awaited desktop trading platform, dubbed ‘Robinhood Legend,’ on Wednesday, expanding its offerings to include …
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The Ivy
Is It Smart To Buy Stocks Now?
A bear market happens when prices drop by at least 20%, creating a chance to buy shares at discounted prices. It’s the classic “buy low and sell high” approach to making money from the stock market. But some stocks are broken. Share prices of high flying companies that subsequently got crushed 80-90% may never recover to former highs.
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