DIRS.INFO The most relevant business & tech news

☆ My older mom is losing her memory. I'm rushing to plan my wedding while she still remembers my partner.
▼ + stars: | 2024-10-30 | by ( Michael Kaye | ) www.businessinsider.com time to read: +6 min

In my mid-20s, my mom started losing her memory, which made me feel isolated. My fiancé and I are planning our wedding as fast as we so she can be part of our wedding. My mom began losing her memoryThen, in my mid-20s, something else started to differentiate me once again from my peers. My dad, who barely has a memory of life without my mom. On my right wrist is a tattoo of a Chai necklace my dad gave me, which his father gave him.

Persons: —, grandpa, bubbled, I'm Organizations: Service, Alzheimer's Association

☆ Daters increasingly seek shared political views. Popular dating apps are ready to meet the moment
▼ + stars: | 2024-10-17 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +8 min

“It’s really about making sure (the app’s users) understand what is kind of at stake,” she added. Meanwhile, OkCupid has added a dozen new matching questions that focus on voter behavior and help show users more compatible profiles. While registered US voters are split near evenly between the two parties, according to Pew Research Center, daters on OkCupid tend to lean more liberal. Debono recognizes that political concerns are important to daters, especially ahead of a presidential election. “Political alignment is increasingly becoming a nonnegotiable factor for many people who are dating,” Debono said.

Persons: Tinder, “, ”, Stephanie Danzi, OkCupid, “ Trump, Michael Kaye, Joe Biden, Donald Trump, ” Kaye, Ashley Houghton, ’ ”, Houghton, daters, Lisa Wade, Wade, George Floyd’s, —, cautiousness, ” Wade, we’re, Casey Klofstad, ” Klofstad, Bumble, John McEntee, Raquel Debono, ” Debono, Debono Organizations: CNN, Tinder, Vote.org, OkCupid, Pew Research Center, “, Tulane University, University of Miami, ” CNN Locations: California

☆ Another reason to rethink CDs: Your return is less than it seems
▼ + stars: | 2024-10-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Now that the Federal Reserve has started to cut the federal funds rate, those yields are moving lower. Lincoln Financial's analysis shows that cash yields have historically fallen by 2%, on average, twelve months after the start of a Fed cutting cycle. What to do with excess cash Instruments like CDs, high-yield savings accounts and money market funds are a good place to stash cash for emergencies and upcoming expenses. However, the forward market implies that they should start to look appealing relative to money funds in about six months, Abate wrote. "We expect investors to rotate from money funds into IG only if compensated for the risk," he noted.

Persons: Joe Boyle, Sallie Mae, Goldman Sachs, Marcus, Michael Kaye, Jayson Bronchetti, Lincoln, Boyle, Lincoln Financial's Bronchetti, Bronchetti, we've, Joseph Abate, Abate Organizations: Hartford Funds, Investors, Federal Reserve, American, Financial, Synchrony, Fed, Lincoln Financial, Bloomberg U.S, Barclays, Reserve, IG Locations: Wells Fargo, U.S

☆ Brokerages slash yields on cash, but some still offer upward of 4%
▼ + stars: | 2024-09-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Brokerages have also jumped in on the action, with several companies dropping the rates they pay on sums held in cash sweep accounts. Charles Schwab recently trimmed its cash sweep rate to 20 basis points, where it was previously 45 basis points, according to an analysis by Bank of America. Wells Fargo also dropped rates by 3 basis points to 30 basis points, based on the level of clients' household assets. A few outliers still pay solid rates on idle cash Brokerages take different approaches toward cash sweeps, with some firms opting to keep rates low even when the Fed was hiking rates. Even as yields are expected to continue falling, a couple of brokerages continue to offer competitive rates, Bank of America found.

Persons: Marcus, Goldman Sachs, Wells, Michael Kaye, Charles Schwab, Wells Fargo, Robinhood, Ryan Salah, We've Organizations: Federal Reserve, Fed, Discover Financial, Bank of America, Wells, Advisors, Interactive, Robinhood, Capital Financial Partners Locations: Wells Fargo, Towson , Maryland

☆ Sallie Mae hikes yield on 1-year CDs as Fed stays in rate policy holding pattern
▼ + stars: | 2024-06-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Last week, Sallie Mae boosted the annual percentage yield for its 12-month CD by 10 basis points, or 0.10% week over week, to 5.15%. Certificate of deposit rates have come a long way since the Fed started raising interest rates in March 2022. The average online bank APY has gone up by 4.14 percentage points to 4.79% since then, Wells Fargo analyst Michael Kaye said in a note Friday. Since banks generally follow the fed funds rate, interest rates on CDs and savings accounts are expected to fall in turn. "Broadly we still expect online bank deposit rates to decline," BTIG's Caintic said.

Persons: Sallie Mae, we're, Vincent Caintic, Wells Fargo, Sallie Mae's, APY, Wells, Michael Kaye, BTIG's Caintic, Morgan Stanley, BOK Organizations: Federal Reserve, Fed, New York Community Bancorp, Federal Deposit Insurance Corp, FDIC, Bank, Bank of America Locations: Wells, Wells Fargo, company's

☆ Blue-collar jobs are booming. White-collar jobs, not so much.
▼ + stars: | 2024-05-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +14 min

Now, she told me, blue-collar work is an oasis in the fake-email-job desert, with a newfound social cachet. In a survey conducted in late 2021, 67% of blue-collar workers said they believed the pandemic changed how people viewed their jobs, and 75% of white-collar workers agreed. AdvertisementNow, the economy is adding blue-collar jobs at a rapid clip. There is a tendency — particularly among white-collar workers — to look at blue-collar work through rose-colored glasses, to romanticize the hard work and skills it requires. The labor market hasn't completely reversed course; blue-collar jobs may be booming, but a bachelor's degree is still often a prerequisite for roles with high pay and numerous benefits.

Persons: Alyssa DeOliveira, didn't, DeOliveira, Chris Collins, Collins, Steven Kurutz, influencers, Eames, Bernie Sanders, Elise Gould, she's, it's, moratoriums —, Gould, Frankie Giambrone, Giambrone, Biden, Lael Brainard, Scott Gove, Michael Kaye, Gove, there's, he's, Sam Pillar, Jeff Goldalian Organizations: Walmart, UPS, Business, The New York Times, Economic, Bureau of Labor Statistics, National Economic Council, Teamsters Union, United Auto Workers, Teamsters Locations: Boston, Tennessee, New York City

☆ High yields on savings are coming down. Here’s where you can still get 5% on cash
▼ + stars: | 2024-02-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Of the banks under Wells Fargo's coverage, Discover was the first to trim its online savings account rate for this rate cycle, according to analyst Michael Kaye. It's a marked turn from when online banks jockeyed for customers' deposits as the Fed began raising rates in March 2022. Too good to last See below for a table of online banks and the APY they're offering on savings accounts. The catch with savings accounts is that banks can opt to tweak their yields at any time. Investors hoping to play a lower rate environment with exchange-traded funds may want to consider buying intermediate-term bond funds .

Persons: Michael Kaye, Banks, Ally, Cowen, Moshe Orenbuch, Cash that's Organizations: Federal Reserve, Discover Financial, Financial, Fed, Investors Locations: Wells

☆ A slate of banks slashed CD yields. Here’s where you can still find a solid rate
▼ + stars: | 2024-01-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Online banks, which have offered some of the richest annual percentage yields on savings products, are slashing the interest they pay. Though the 1-year Treasury bill is yielding about 4.78%, select institutions will offer upward of 5% to hold your cash in a 1-year CD. "We believe banks are repositioning their CD rates ahead of potential Fed rate cuts in 2024," said analyst Michael Kaye in a report on Friday. See below for a table of where online banks now stand on 1-year CD rates. Wells Fargo scanned the online banks under its coverage and found the average APY for a 1-year CD was 0.64% in March 2022.

Persons: Wells Fargo, Michael Kaye, Mark Haefele, Cash Organizations: Treasury, Federal Reserve, CME Group, Synchrony, UBS Locations: Wells

☆ Photos show the 3.86 billion-mile journey of NASA's OSIRIS-REx asteroid sample mission from start to finish
▼ + stars: | 2023-09-28 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

NASA's OSIRIS-REx has been traveling for seven years to get an asteroid sample to Earth. Check out its 3.86 billion-mile journey from launch to asteroid sample landing in the photos below. NASA/Keegan BarberAfter collecting the largest asteroid sample ever brought to Earth, OSIRIS began its long journey home. AdvertisementAdvertisementSample retrievalRecovery team members gather around a capsule containing Bennu asteroid samples as part of NASA's OSIRIS-REx mission. Analyzing the sampleLockheed Martin recovery specialists Levi Hanish and Michael Kaye take the lid off NASA's OSIRIS-REx asteroid sample.

Persons: REx, —, what's, OSIRIS, imager, Bennu, NASA's, Dante Lauretta, Keegan Barber, Rick Bowmer, NASA’s, Molly Wasser, Martin, Levi Hanish, Michael Kaye, Robert Markowiz, Noah Petro, What's, It's Organizations: Service, REx, NASA, United Launch Alliance, Atlas, Goddard, University of Arizona, Survey, NASA's Goddard Space, Earth, Department of Defense's Utah, AP, US Air Force, NASA’s Johnson Space Center, Space Center, JPL, Caltech Locations: Cape Canaveral , Florida, Salt Lake City, Houston, Houston , Texas

☆ This bank will now pay 5% yield on your savings
▼ + stars: | 2023-08-14 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

A new bank has joined the 5% club, handing savings account depositors a hefty yield on their idle cash. Bread Financial is the latest bank to offer 5% annual percentage yield to its savings account clients, hiking its rate 10 basis points. Bread's move to boost its yield makes it the first online bank under Wells Fargo's coverage to reach 5%, said analyst Michael Kaye. Marcus by Goldman Sachs also recently raised its online savings account rate 15 basis points, now offering a yield of 4.3% on savings accounts. "We still expect online bank rates will continue climbing even after the Fed stops raising its rates," wrote Vincent Caintic, analyst at Stephens.

Persons: Michael Kaye, Marcus, Goldman Sachs, Vincent Caintic, Stephens, Michael Bloom Organizations: Federal Reserve, Popular, CIT Bank, Fed Locations: Wells, 2H23

☆ This bank just hiked the rate on its 1-year CD to 5.5%
▼ + stars: | 2023-08-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

"We expect more rate action in the weeks ahead," wrote Michael Kaye, analyst at Wells Fargo in a Friday report on deposit trends. Marcus and Synchrony each hiked yields by 5 basis points to 4.4% and 4.35%, respectively. However, customers who've already snapped up a CD are effectively locked into that rate for that stated term. That's different from a high-yield savings account, wherein the bank can change the rate at any time. "Even though the market doesn't expect any more rate hikes this cycle, we expect deposit costs to keep rising until the Fed cuts rates," she said.

Persons: Sallie Mae, Marcus, Goldman Sachs, Michael Kaye, Synchrony, Morgan Stanley, Betsy Graseck, — CNBC's Michael Bloom Organizations: Federal Reserve, Synchrony, Analysts, Wells, Fed

☆ This bank just raised yields on its 2-year CD — here’s where you can lock in 5%
▼ + stars: | 2023-07-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Since the central bank embarked on its rate-hiking campaign in March 2022, yields on fixed income instruments, ranging from Treasurys to money market funds and bank deposit products, have become more attractive. Some strategists have suggested income-focused investors begin locking in higher rates so they can keep earning good yields once the central bank shifts gears. Capital One recently pushed up the annual percentage yield on its 2-year CD 5 basis points to 4.35%. As a result, a handful of institutions now offer yields of 5% or close to it for 2-year CDs. See below for a table of 2-year CDs.

Persons: Michael Kaye, Ally Financial, — CNBC's Michael Bloom Organizations: Federal Reserve, Financial, Delta Community Credit Union Locations: Wells

Search resuls for: "Michael Kaye"

12 mentions found