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☆ Big banks are bracing for losses as Americans struggle to pay off debt
▼ + stars: | 2024-10-21 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

American consumers and businesses are having a hard time paying off credit card, auto, and commercial real estate debt. Bank CEOs said on recent earnings calls that elevated prices and interest rates continue to weigh on Americans. According to Federal Reserve data, the past-due debt share for credit card, auto, and commercial real estate has recently risen to above pre-pandemic levels. That's because some loans are coming due — forcing businesses to refinance at much higher interest rates. The financial roller coaster of pandemic payments, whipsawing inflation, and high interest rates are especially affecting lower-income Americans.

Persons: —, Wells Fargo's, haven't, Bruce McClary, David Schiff, Schiff, Edmunds, Stephen Biggar, Biggar, Jane Fraser, Brian Moynihan, Charles Scharf, Wells, Jeremy Barnum, There's, I'm Organizations: Bank, Service, Federal Reserve, Business, Bank of America, JPMorgan, Citigroup, Bank of, New, Fed, National Foundation, Credit, Argus Research, Bank of America's Locations: Wells Fargo, delinquencies

☆ Try this higher-interest, lower-tax alternative to CDs while rates are still high
▼ + stars: | 2024-10-21 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Investors might consider Treasury bills over CDs for better liquidity and tax benefits: Jason BrowneTreasury bills offer higher yields in some cases and are exempt from state taxes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Another reason is that Treasurys are exempt from state taxes, which vary, while CDs are not. Perhaps a third reason, depending on where you bank, is that in many cases the shortest duration Treasurys are paying better rates than CDs. Yields on 3-month bills are 4.6%, and while some banks are offering similar or slightly higher rates still, many have much less attractive yields.

Persons: Jason Browne, Browne, —, DepositAccounts Organizations: Service, Alexis Investment Partners, LendingTree, Fed

☆ McDonald's tells U.S. restaurants it's not a 'political brand' after Trump visit
▼ + stars: | 2024-10-21 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Though President Donald Trump visited a Pennsylvania McDonald's location on Sunday, the fast-food giant is trying to stay neutral in the presidential race. Trump often accuses Harris of lying about working at McDonald's for a summer in her twenties, but has offered no proof backing up the claim. "Though we are not a political brand, we've been proud to hear former President Trump's love for McDonald's and Vice President Harris's fond memories working under the Arches," McDonald's said. To quell the controversy, McDonald's U.S. President Joe Erlinger wrote an open letter and released fact sheets about the company's pricing.

Persons: Donald Trump, we've, Trump, Kamala Harris, Harris, Trump's, McDonald's, Derek Giacomantonio, Davidson, Joe Erlinger, CNBC's Kate Rogers Organizations: McDonalds, CNBC, Corporate America, Ford, Gallup, University of Bentley Locations: Feasterville, Trevose , Pennsylvania, U.S, Pennsylvania, , Pennsylvania, McDonald's, Connecticut

☆ China cuts benchmark lending rates by 25 basis points
▼ + stars: | 2024-10-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

China on Monday lowered its main benchmark lending rates by 25 basis points at the monthly fixing. The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People's Bank of China (PBOC) said. The one-year LPR influences corporate loans and most household loans in China, while the five-year LPR serves as a benchmark for mortgage rates. China's central bank governor Pan Gongsheng had indicated on Friday during a forum held in Beijing that the loan prime benchmark rates would be lowered by 20 to 25 basis points. The seven-day reverse repurchase rate will be cut by 20 basis points, while the medium-term lending facility rate will be lowered by 30 basis points, Pan also highlighted.

Persons: LPR, Pan Gongsheng, Pan, Shane Oliver, Zhiwei Zhang, — CNBC's Evelyn Cheng Organizations: People's Bank of China, AMP Locations: China, Beijing

☆ Fed 'mismanaged' rate cuts & long-term rates could continue to rise, says Komal Sri-Kumar
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed 'mismanaged' rate cuts & long-term rates could continue to rise, says Komal Sri-KumarKomal Sri-Kumar, Sri-Kumar Global Strategies president, and Max Wasserman, Miramar Capital senior portfolio manager, join CNBC's 'The Exchange' to discuss economic outlooks, expectations for rates, and more.

Persons: Komal, Kumar Komal, Kumar, Max Wasserman, CNBC's Organizations: Kumar Global, Miramar Capital

☆ The index fund cushion is an equal opportunity booster for stocks
▼ + stars: | 2024-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.

Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif

☆ 3 signs that investors should expect the bull market to continue for a third year in 2025
▼ + stars: | 2024-10-20 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The S&P 500 has enjoyed a bull market since October 2022, rising nearly 70%. AdvertisementThe stock market has been experiencing a bull market for the last two years. The Magnificent Seven drove much of the returns for the S&P 500 this year, contributing 34% of the index's total return. Analysts expect S&P 500 companies to report 4.2% profit growth for Q3. Ever since World War II, bull markets that have lasted two years continue onwards for a third.

Persons: LPL Financial's Quincy Crosby, —, Quincy Crosby, LPL, Crosby, JPMorgan Chase, Goldman Sachs, Wells, Jack Ablin, Jerome Powell, Buchbinder Organizations: Service, LPL, Federal, Bull, JPMorgan, Wells Fargo, Morningstar, Cresset Capital Management, Federal Reserve Locations: America

☆ Here's the trading playbook as data piles up in support of a 'no landing' for the US economy
▼ + stars: | 2024-10-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Odds of a "no landing" scenario for the economy are rising amid continued strong economic data. The "no landing" scenario entails a continued run of hot economic data and growth that boosts markets but also precludes a steep rate-cutting cycle from the Federal Reserve. According to Cox, that means that short-term interest rates will drop to around 3% in the no landing scenario, even if long-term rates remain elevated. AdvertisementAfter all, a no landing scenario is the best outcome for the economy, Cox said, and given hot growth, the situation effectively tosses recession fears out the window. This would be just the fourth time in US history that the Fed has cut interest rates without a downturn, he added.

Persons: —, BofA, Reacceleration, Jamie Cox, Cox, They're, Morgan Stanley Organizations: Service, Federal Reserve, Bank of America, UBS, Fed, Nvidia, Apple

☆ Here are the 5 things that could move the stock market in the week ahead
▼ + stars: | 2024-10-20 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.

Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City

☆ Whelan says he fed information to Western officials that he received from fellow prisoners fighting in Ukraine
▼ + stars: | 2024-10-20 | by ( Sam Fossum | ) edition.cnn.com time to read: +2 min

CNN —Paul Whelan, the American who spent five and a half years wrongfully detained in Russia, revealed Sunday that he had passed to Western officials information he received from fellow prisoners who were fighting for Russia on the frontlines in Ukraine. “The prisoners from the camp that went to the frontline, they had communication. Whelan added that he and others were able to communicate with former prisoners through “burner” phones that they could acquire even while at the Russian labor camp in Mordovia. “Yeah, we had burner phones.”Whelan added that the guards “looked the other way” in exchange for goods such as cigarettes. His camp was primarily made up of young men from central Asian countries such as Tajikistan, Uzbekistan and Kyrgyzstan, Whelan said.

Persons: CNN — Paul Whelan, “, ” Whelan, Whelan, ”, Putin, CNN’s Jennifer Hansler Organizations: CNN, CBS, Wagner Group Locations: Russia, Ukraine, United Kingdom, Canada, Ireland, Mordovia, “, Tajikistan, Uzbekistan, Kyrgyzstan, United States, Germany

☆ Morgan Stanley says these 10 small-cap stocks have at least 50% upside
▼ + stars: | 2024-10-20 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

Small-cap stocks surged in July, with the Russell 2000 rising 11.5% in a week. Morgan Stanley thinks they could be set for more upside in the months ahead. "We recently upgraded Small caps to neutral vs Large caps after a persistent 3 ½ year period of underperformance. "For us to get outright bullish on Small caps, leading macro indicators would likely need to reflect a clear acceleration in growth," he added. Below, we've compiled the 10 stocks on the list with the highest upside to their Morgan Stanley price targets.

Persons: Russell, Morgan Stanley, —, Nicholas Lentini, Lentini, we've Organizations: Service

☆ America's New Economic Supercycle: Growth, Prices, Stock Market Chaos
▼ + stars: | 2024-10-20 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

First, higher interest rates will reward savers, making it more expensive to take risks. And with interest rates so low, companies could suddenly load up on debt: From 2007 to 2017, global nonfinancial corporate debt doubled, to $66 trillion. Now, with the arrival of a new supercycle, money managers are once again being forced to adapt to a changing set of economic realities. Normally, when the Fed hikes interest rates rapidly, the stock market tanks. Rising interest rates will make loans more expensive, forcing businesses to make more-thoughtful decisions about debt.

Persons: Josh Hirt, Silas Myers, Myers, Hirt, you've, Joe Quinlan, they'll, Quinlan Organizations: Investors, Vanguard, Mar Vista Investments, Federal Reserve, Capital, . Venture, Nasdaq, Bank of America, Big Tech, Federal Trade Commission, Treasury, European Union, Aerospace Locations: Washington, China, Unemployment, Europe, America, Japan, United States

30-Year Mortgage RatesAverage 30-year mortgage rates are close to 6.20%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, Fannie Mae, you'll, Freddie Mac, it's Organizations: Federal, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: homebuyers, Chevron

☆ The under-the-radar bull case for bitcoin that's got nothing to do with the election or the Fed
▼ + stars: | 2024-10-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Bitcoin that's lost either when an investor dies or is simply locked out of their wallet reduces available supply. Estate planning is crucial for bitcoin investors who store the coin on a cold wallet, experts say. Satoshi Nakamoto being deceased would potentially soothe a big fear that's loomed over the bitcoin market for years, which is that the person could sell their estimated 1 million bitcoin. If no one has your private key, the funds will be locked permanently," Wealthica CEO Eric Lemieux told Business Insider. Otherwise, more lost bitcoin could mean even higher prices for the crypto.

Persons: Bitcoin that's, —, Donald Trump, Satoshi Nakamoto, Len Sassaman, Satoshi, Sean Farrell, Farrell, That's, bitcoin, Eric Lemieux, Lemieux Organizations: Service, HBO, Yorker Locations: American, Wales

☆ Here's why inflation may look like it's easing but is still a huge problem
▼ + stars: | 2024-10-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Inflation is not deadDaly began her talk with an anecdote of a recent encounter she had while walking near her home. But the conversation encapsulated a dilemma for the Fed: If inflation is on the run, why are interest rates still so high? As evidenced by the young man's question, convincing people that inflation is easing is a tough sell. watch nowThe annual rate of CPI inflation was 2.4% in September, a vast improvement over the 9.1% top in June 2022. However, year-over-year spending increased just 1.7%, below the 2.4% CPI inflation rate.

Persons: Brandon Bell, Goldman Sachs, Mary Daly, Daly, Goldman, Jerome Powell, —, hasn't, haven't Organizations: Walmart, Federal Reserve, San Francisco Fed, New York University Stern School of Business, Commerce Department, Fed, York Fed, Bank of America, National Federation of Independent Business Locations: Austin , Texas, U.S, , Wyoming, Atlanta, York

☆ A deadly detour: Migrant deaths spike outside El Paso
▼ + stars: | 2024-10-18 | by ( David Noriega | David Noriega Is An Nbc News Correspondent Based In Los Angeles. | ) www.nbcnews.com time to read: +3 min

SUNLAND PARK, N.M. — In each of the last two summers, Laura Mae Williams, who recovers bodies for the New Mexico Medical Investigator’s Office, has had to visit the U.S.-Mexico borderlands multiple times a week. The Medical Investigator’s Office, part of the University of New Mexico Health System, used to recover only a handful of bodies a year. First responders, elected officials and advocates in New Mexico attribute the spike in deaths largely to Texas Gov. Officials, including the New Mexico Medical Investigator’s Office, also blame smugglers for the deaths, noting that in many cases they abandon people who fall behind — but only after they take their phones. “It raises an important question,” said Dr. Heather Jarrell, the chief medical examiner at the Medical Investigator’s Office, whose office marks the deaths as accidental.

Persons: Laura Mae Williams, ” Williams, Greg Abbott’s, Andrew Mahaleris, ” Mahaleris, ”, Heather Jarrell Organizations: —, New, New Mexico Medical Investigator’s Office, Patrol, Office, University of New, University of New Mexico Health, Texas Gov, Lone Star, NBC News, Medical Locations: SUNLAND, N.M, New Mexico, U.S, Mexico, El Paso , Texas, University of New Mexico, Arizona, El Paso ., El, Texas, —

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

The Federal Reserve cut its interest rates one month ago, on September 18. One month ago, the Federal Reserve cut interest rates by 50 basis points — the first Fed rate cut since early 2020. High-yield savings account rates at bigger banks — such as Ally, Synchrony, and BMO Alto — have fallen below 5% interest, but they're still significantly higher than average savings account interest rates. High-yield checking account rates earn up to 7% APYThe best high-yield checking accounts have been impacted the least by Fed rate cuts. Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both.

Persons: LendingClub, Synchrony, they're, we've Organizations: Federal Reserve, Here's, Newtek Bank, BMO Alto, Money Market, Federal Credit Union Locations: Pibank, U.S

☆ Politics and monetary policy: Dangers of meddling with the Fed
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPolitics and monetary policy: Dangers of meddling with the FedDonald Kohn, Brookings Institution economic studies senior fellow and former Fed Vice Chair, joins 'Squawk Box' to discuss the dangers of presidents and other politicians meddling with the Fed.

Persons: Donald Kohn Organizations: Brookings, Fed

☆ ECB and Fed will be 'fairly synchronized' when it comes to pace of rate cuts, portfolio manager says
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB and Fed will be 'fairly synchronized' when it comes to pace of rate cuts, portfolio manager saysKonstantin Veit, portfolio manager at Pimco, discusses the outlook for interest rates in Europe and the U.S.

Persons: Konstantin Veit Organizations: ECB, Fed Locations: Europe, U.S

☆ Fossils reveal head of the world’s largest known arthropod, study says
▼ + stars: | 2024-10-18 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

In a quest to find the first complete head, researchers conducted an analysis of Arthropleura fossils belonging to two juvenile individuals uncovered in the 1970s in France. Researchers studied scans of two Arthropleura fossils trapped in stone. Both fossilized insects still had most of their legs, and one of them had a complete head, including antennae, eyes, mandibles and its feeding apparatus — the first Arthropleura head ever documented, Lhéritier said. Researchers believe the two Arthropleura fossils belonged to juveniles because they reach just 0.9 inch (25 millimeters) and 1.5 inches (40 millimeters) long. But other fossils that preserve additional aspects of the arthropod’s body, including the head of an adult, will need to be found.

Persons: —, Arthropleura, we’ve, ”, Dr, Greg Edgecombe, Mickaël Lhéritier, Lhéritier, ” Edgecombe, Arthrorpleura, Lheritier, ” Lhéritier, “, James C, Lamsdell Organizations: CNN, Adv, Claude Bernard University Lyon, Mines, West Virginia University Locations: France, Great Britain, eadp6362, what’s, North America, Europe, Montceau, millipedes

☆ Israel's Sinwar video shows the chilling reach of battlefield drones
▼ + stars: | 2024-10-18 | by ( Matthew Loh | Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

Only 13 years ago, the world learned of what were Muammar Gaddafi's last few moments through shaky video filmed on cellphones. Small drones are a critical feature of combat in Ukraine, where they've been used for battlefield observation and attack. The hovering quality of the Sinwar video indicates it was likely filmed by a quadcopter. AdvertisementThe astounding wealth of drone-fed intelligence, surveillance and reconnaissance has made more of the battlefield visible than ever before. Nonetheless, technological advances mean that drones watching the battlefield will be a ubiquitous feature of future wars, a looming threat to ground troops and fleeing leaders.

Persons: Israel, Yahya Sinwar's, —, Yahya Sinwar, Sinwar, Yahya Sinwar’s, GJGDlu7bie, Nadav Shoshani, Muammar Gaddafi's, Mauro Gilli, Gilli, they've, It's, Volodymyr Zelenskyy, Maria Berlinska, Guy Prives Organizations: Service, Swiss, ETH Zurich, Anadolu, Getty, Pentagon, IDF Locations: Libyan, It's, Ukraine, Russian, Moscow, Kursk, Israel

☆ It’s tough for young Americans to find a job right now. Blame ‘the Great Stay’
▼ + stars: | 2024-10-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Staple’s plight highlights the unusually difficult situation of young Americans trying to kick-start their careers, even as the broader US economy remains in good shape. Indeed, the job market overall remains in decent shape. A ‘victim of circumstance’Everyday Americans are always at the mercy of the economy — whether it’s navigating difficulties such as high inflation and a recession, or a red-hot job market that benefits workers. Having a tough time landing that first job, in part because of broader economic forces, can have lasting consequences. “For young workers, their first few years out of school are very formative for their careers.

Persons: Kirsten Staple, ” Staple, That’s, ‘, ”, Julia Pollak, ZipRecruiter’s, “, they’re, Daniel Zhao, Zhao, Millennials, Jonathon Courtney, hasn’t, Courtney, I’ve, ” Courtney, who’ve, there’s, Catherine Dugoni Camille Larsen Catherine Dugoni, “ It’s, ” Dugoni, isn’t Organizations: Washington CNN, University of Texas, Labor Department, CNN, Federal Reserve, Employers, Glassdoor, University of Houston Locations: San Antonio, El Paso , Texas, ‘, Houston, Sacramento , California, San Francisco

A high-yield savings account provides more rewards than a typical savings account, with no risk. I missed out on $1,200 in the five years before I opened a high-yield savings account. That's the feeling I get every time I check the balance of my high-yield savings account. Compare Today's RatesWhy I chose a high-yield savings accountI've had a savings account since college, but I didn't always have a high-yield account. How I chose my high-yield savings accountNowadays, there are lots of high-yield savings accounts on the market, many with no minimum requirements and no fees.

Persons: you'd, I've, I'd, Ally Organizations: Ally Bank, Federal Reserve Locations: it's, Ireland

☆ Treasury yields hold steady as investors digest data indicating economic resilience
▼ + stars: | 2024-10-18 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

One basis point is equal to 0.01%. ET, the 10-year Treasury yield was up less than one basis point at 4.1045%. The yield on the 2-year Treasury yield ticked lower by one basis point to 3.9758%. U.S. Treasury yields held steady on Friday as investors digested the previous day's economic data which signaled economic resilience. Comments are also expected from several Federal Reserve officials including Atlanta Fed President Raphael Bostic and Minneapolis Fed President Neel Kashkari.

Persons: Dow Jones, Raphael Bostic, Neel Kashkari Organizations: U.S, Treasury, Dow, Labor Department, Federal, Atlanta Fed, Minneapolis Fed, European Central Bank, European Union

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