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☆ Big Tech drawing dip buyers again, but some investors say diversification is prudent move
▼ + stars: | 2024-09-10 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The tech slide has many investors anxious to buy the dip, but now is the time for caution, some say. Communication services and information technology stocks are the two worst-performing S & P 500 sectors this quarter, after having fallen into a correction from their peaks in July. Communication services is more than 11% off its 52-week high, while information technology is more than 12% off its recent high. For much of this year, any dips in the high-flying tech stocks have proven to be a buying opportunity for investors, as the promise of artificial intelligence has traders unable to stay away from these names for long. Investors were buying the dip again midday through the trading session Tuesday.

Persons: Ken Mahoney, We've, Rob Williams, Williams, Savita Subramanian, Jason Draho, CNBC's, Tesla Organizations: Federal Reserve, Asset Management, Sage Advisory, Bank of America, UBS Global Wealth Management, Apple, Microsoft, Nvidia

☆ Money market funds yielding more than 5% won’t last. Where to deploy idle cash instead
▼ + stars: | 2024-05-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Money market funds' siren song has become a little louder: With the timing of Federal Reserve rate cuts shaky, yields on cash are still hot – for now. Here's how to decide where and when to redeploy some of your idle cash into fixed income. Taxes are also a key consideration as you build out your fixed income sleeve. Interest income from Treasurys, meanwhile, is subject to federal income tax but exempt from state and local taxes. A gradual entry toward fixed income You don't have to build out your fixed income allocation in one day.

Persons: Rob Williams, Charles Schwab, Ashton Lawrence, Lawrence, Williams Organizations: Mariner Wealth Advisors, Mutual Locations: Greenville , South Carolina, Treasurys, New York , New Jersey, California

☆ Investors are unlikely to dump cash in favor of locking in bond yields, JPMorgan says
▼ + stars: | 2024-02-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The inflows this year come at a time when, historically, money funds see seasonal outflows. Ho calculates about $5.5 trillion of the assets sitting in money market funds are core liquidity for companies and cash savings for retail investors. In fact, the most recent push into money market funds is coming from institutional investors, according to the ICI. Assets of institutional money market funds increased by $33.06 billion to $3.65 trillion, while retail money market funds rose by $8.62 billion to $2.35 trillion, the organization found. That's because yields on money market funds lag behind Fed moves.

Persons: Teresa Ho, Ho, Powell, Shelly Antoniewicz, Jerome Powell, AllianceBernstein, Monika Carlson, Carlson, Amy Arnott, Arnott, Rob Williams, Charles Schwab Organizations: JPMorgan, Investment Company Institute, Federal Reserve, CNBC, ICI, Fed, Treasury, Morningstar, Charles, Charles Schwab Center, Financial Research Locations: Treasurys

LAS VEGAS (AP) — Former President Donald Trump lavished praise Saturday on Texas Gov. Greg Abbott for not allowing the Biden administration entry to remove razor wire in a popular corridor for migrants illegally entering the U.S. in an escalating feud over immigration. In a speech focused overwhelmingly on border security, Trump said Texas should be given full support in its measures to deter migrants along the U.S.-Mexico border. Rob Williams, a 25-year-old voter who attended the Las Vegas rally, said he was glad Texas was defying the Biden administration over immigration. "They’re going to show the fight over there in Texas.” ___Gomez Licon reported from Miami.

Persons: Donald Trump, Greg Abbott, Biden, Trump, ” Trump, E, Jean Carroll, ”, ” Annabelle Weislocher, “, Joe Biden, I’ll, Rob Williams, ” ___ Gomez Licon Organizations: LAS VEGAS, Texas Gov, U.S . Border Patrol, Republican, Navy, Air Force Reserve, Trump, Immigration, AP, Las Locations: Texas, U.S, Mexico, Las Vegas, United States, America, Miami

☆ Lugging Credit Card Debt Into 2024? Now’s the Time to Make a Plan.
▼ + stars: | 2024-01-12 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

Mindy Neira, a financial planner in Westwood, N.J., recommended that if you were having trouble managing card debt, take stock of your spending. He advised paying off the card with the highest interest rate first by making more than the minimum payment. (This is sometimes called the “avalanche” method: While paying off that card, you make minimum payments on the others. Another suggestion: Use two separate checking accounts, said Alvin Carlos, a financial planner in Washington, D.C. Use one for fixed essentials like your rent, mortgage or loan payments. (Ask your bank to make sure there are no extra fees for a second spending account.)

Persons: Mindy Neira, “, ”, Neira, Rob Williams, Charles Schwab, Luis Rosa, Alvin Carlos, Carlos Locations: Westwood, N.J, Las Vegas, Washington ,

☆ Investors count on upward market momentum in the week ahead as earnings rain down
▼ + stars: | 2023-07-14 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks could continue to gain momentum in the week ahead as traders turn their attention to earnings results after the past week's softer inflation news. The major benchmarks are headed for a positive week Friday after encouraging consumer and wholesale inflation in June cemented the likelihood that the Federal Reserve is closer to the end of its rate-hiking campaign. Some market participants expect this period could mark the trough for earnings, and urge traders to pay more attention to forward guidance. "And that's a great sign for the market and market health." ET: NAHB housing market index (July) Earnings: Bank of America , Morgan Stanley , Bank of N.Y. Mellon , Lockheed Martin , PNC Financial , J.B. Hunt Wednesday 8:30 a.m.

Persons: Sage, Rob Williams, Sam Stovall, gee, Stovall, It's, Yung, Yu Ma, MRB, Sage Advisory's Williams, Williams, Morgan Stanley, Wells, Baird's Ross Mayfield, Lockheed Martin, Baker Hughes, Goldman Sachs, Kinder Morgan, Equifax, Johnson Organizations: Federal Reserve, Traders, Reserve, Open, BMO Wealth Management's, MRB Partners, Bank of America, JPMorgan Chase, Investors, Bank, N.Y, Mellon, Lockheed, PNC Financial, J.B, Hunt, Housing, Nasdaq, Citizens Financial, Halliburton, Las Vegas Sands, IBM, Tesla, Netflix, American Airlines, United Airlines, CSX, Comerica, PPG, Roper Technologies, American Locations: Wells Fargo, Silicon Valley, Las Vegas, Horton

☆ How to feel wealthy. (Hint: It's not just about the money.)
▼ + stars: | 2023-06-15 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Younger generations said being able to afford their friends' lifestyle made them feel wealthy. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyDo you feel wealthy? For example:Sixty-one percent of Gen Z respondents and millennial respondents said "being able to afford a similar lifestyle as my friends makes me feel wealthy." Forty-six percent of Gen Zers said they felt somewhat or very wealthy, with this number rising to 57% for millennials. Similarly, "not having to stress over money" was more than twice as popular as "having more money than most people I know."

Persons: —, Schwab, Gen, Gen Zers, Rob Williams, Charles Schwab, Zers, it's, you've Organizations: Service, Younger, Federal Reserve

☆ What to do with your money now that the Fed just raised rates for the ninth time
▼ + stars: | 2023-03-22 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

“But the average credit card rate is now at a record high above 20%, auto loan rates are at a 12-year high and mortgage rates are still north of 6.5%. But online high-yield savings accounts now offer rates as high as 5%, well above the 0.23% national savings account average, according to Bankrate. Another high-yield savings optionGiven today’s still-high rates of inflation, Series I savings bonds may be attractive because they’re designed to preserve the buying power of your money. Your credit card debt: Minimize the biteIf you’re carrying credit card debt, expect to see a hike in the rate you pay within a few statements. “Credit card rates are at record highs and still rising.

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