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☆ Biden’s 'billionaire tax' takes aim at the super-rich — but can a wealth tax work in reality?
▼ + stars: | 2024-03-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

This is about the wealthy contributing more ... the extremely wealthy contributing more and being proud to do that. "This is about the wealthy contributing more to the society, the extremely wealthy contributing more and being proud to do that," Phil White, retired business owner and Patriotic Millionaires co-signatory, told CNBC. But experts are divided over the effectiveness of a wealth tax, and its how achievable it is in reality. Data suggests that wealth tax accounts for only a very small proportion of total tax revenues in the countries where it has been applied. Data suggests that a wealth tax accounts for only a very small proportion of total tax revenues in the countries where it has been applied.

Persons: Joe Biden, Biden, Phil White, Abigail Disney, Brian Cox, Arun Advani, Advani, Christine Cairns, PwC, Tord Kolstad, Kolstad, Kolstad Eiendom Organizations: Patriotic, Patriotic Millionaires, CNBC, Scottish, University of Warwick Locations: Brazil, Europe, Switzerland, Norway, Spain, Colombia

☆ Retail traders are making some surprising moves in the latest week
▼ + stars: | 2024-03-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Retail traders bought billions of dollars worth of cash equities over the past week on net, according to data compiled by JPMorgan's Peng Cheng. With those gains, he said traders bought into Apple and Alphabet , which have both largely sat out of the broader market rally this year. By comparison, investors bought more than half a billion dollars of Alphabet when accounting for outflows. Neither tech stock made the list of top 25 securities by retail net inflows in the previous week. Outside of big tech, Cheng noted that retail investors snapped up shares of beat-down Boeing , which is facing a crisis surrounding its 737 Max 9s after a door panel blew out midflight.

Persons: JPMorgan's Peng Cheng, Cheng, SPX, Max, LSEG Organizations: Retail, Nvidia, Meta, Apple, Trust, outflows, Boeing, Dow Jones, Broadcom, Costco Locations: Japan

☆ Russia is eyeing big tax hikes after this month's election to pay for the war in Ukraine
▼ + stars: | 2024-03-11 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Putin could raise taxes on high earners and companies after the country's election, Bloomberg reported. More tax revenue would pay for the war in Ukraine and fund some social programs. AdvertisementVladimir Putin could raise taxes after the presidential election this month to keep the money flowing to pay for the country's war in Ukraine. Russia's hefty spending on the Ukraine war since February 2022 is siphoning resources from the broader economy, with a 7.4% inflation rate and collapsing direct investment. Economists have warned that the country's economy cannot sustain the costs of either winning or losing the war in Ukraine.

Persons: Putin, —, Vladimir Putin, outflows Organizations: Bloomberg, Service, Bloomberg Economics, Kremlin, Finance Ministry Locations: Ukraine, Russian

☆ Mega-cap tech stocks dominate many ESG funds. Here’s why
▼ + stars: | 2024-03-09 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +2 min

The top holdings of many ESG funds may be surprisingly familiar. ESG funds also tend to be more heavily invested in technology stocks because the sector is one of the "cleaner" industries, according to former VettaFi financial futurist Dave Nadig. But Noack considers the idea that ESG funds only invest in clean, sustainable sectors as misleading. Global ESG funds saw their first net quarterly outflows on record in the fourth quarter of 2023, according to Morningstar. However, Nadig points out while financial advisors may have pulled back from recommending ESG funds to clients, investor interest hasn't gone anywhere.

Persons: DWS Group's Arne Noack, CNBC's, Dave Nadig, Nadig, Noack, hasn't, It's Organizations: Americas, Equity, Nvidia, Amazon, Microsoft, Apple

☆ This market rally is taking out funds that hedged against recent investor fears
▼ + stars: | 2024-03-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The Simplify Tail Risk ETF , which trades under the cheeky ticker "CYA," is headed for liquidation later this month after a brutal money-losing stretch. CYA 1Y mountain Simplify's Tail Risk ETF has been beaten down by the market rally. "Tail protection, which was heavily desired in 2020, has no bids right now. And that way if you're losing money on it, and it's a tail risk ETF where you're buying a put [option], then you understand why that's happening," Armour said. "A tail risk ETF is going to go potentially over a decade without working, and that's okay.

Persons: Michael Green, Green, subpar, Bryan Armour, Armour, CYA, Philip Toews, Vix, Toews Organizations: CNBC, Fidelity, North, Asset Management Locations: North America

☆ Bitcoin tops $65,000 as it nears 2021 all-time high
▼ + stars: | 2024-03-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Earlier, it rose to as much as $65,658.10, its highest level since November 2021. The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. "What we're seeing today ... might well be a rerun of early last week when bitcoin surged $10,000 in the space of a couple of days. Investors have been extra eager to see bitcoin approach its all-time high. Nevertheless, long-term investors are confident that the combination of increasing demand for bitcoin through the new U.S. exchange-traded funds and a tighter supply expected after the April halving event will push the price of bitcoin to a new all-time high.

Persons: bitcoin, cryptocurrency, Antoni Trenchev, Crypto, David Duong, Dogecoin, Shiba, CleanSpark Organizations: Metrics, Nasdaq, Marathon Digital, Iris Energy

☆ Japan’s Nikkei 225 stock index surpasses 40,000 for the first time
▼ + stars: | 2024-03-04 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Japan’s Nikkei 225 index jumped above 40,000 for the first time on Monday, extending a historic rally that analysts say has just begun. The milestone comes just days after it had set a record closing high of 39,098.68, eclipsing its previous 1989 peak. Optimism regarding semiconductors boosted Taiwan’s stock market as well, with benchmark Taiex hitting an all-time high on Monday, led by Taiwan Semiconductor Manufacturing Company. Premier Li Qiang is set to announce China’s 2024 growth target on Tuesday and is also likely to unveil more stimulus measures to revive the sagging economy. Analysts widely expect the policymakers to set this year’s growth target at around 5%.

Persons: ”, Jefferies, “, chipmaker, Kospi, Hong, Li Qiang, Stephen Innes Organizations: Hong Kong CNN —, Nikkei, Nasdaq, Taiwan Semiconductor Manufacturing Company, Nvidia, Investors, National People’s Congress, NPC, Communist Party’s Politburo Locations: Hong Kong, Japan, Beijing, Shanghai, China

☆ The SEC votes this week on controversial climate change rule: Here's what's at stake
▼ + stars: | 2024-03-04 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

The Scope 3 disclosure requirements have drawn strong criticism from many corporations, who claim the regulations are too burdensome. The climate disclosure rule was first proposed in March 2022. Since Congress has not passed major climate legislation for years, opponents of the SEC's climate rule will likely sue the SEC and cite West Virginia v. EPA, again arguing that Congress has not granted specific authority for the SEC to act on climate change. The disclosures required from the proposed SEC rule may shuffle the deck on companies that are considered "green" or "not so green." Arne Noack, manager of the Xtrackers S&P 500 ESG ETF and DWS Head of Systemic Investment Solutions for the Americas, will be the guest on ETF Edge at 1:10 p.m.

Persons: Gary Gensler, Gensler, overreach, Joe Biden, Kathleen McLaughlin, Arne Noack, Noack, Todd Sohn, He'll, Dave Nadig Organizations: SEC, U.S ., Banking, Housing, Urban Affairs, Capitol, Washington , D.C, The Institute, New York University School of Law, Environmental Defense Fund, Reuters, Securities, Exchange, Walmart, APA, EPA, Act, America, Corporate, Equity, Systemic Investment Solutions, Edge Locations: Washington ,, America, West Virginia, Virginia, ESG, Americas, ETFedge.cnbc.com

☆ Grayscale CEO: Pent-up demand for bitcoin ETFs brought tremendous inflows and spiked price
▼ + stars: | 2024-03-01 | 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 EmailGrayscale CEO: Pent-up demand for bitcoin ETFs brought tremendous inflows and spiked priceMichael Sonnenshein, Grayscale CEO, joins 'Squawk on the Street' to discuss why Bitcoin has had the run it has, if Grayscale is seeing outflows, and much more.

Persons: Michael Sonnenshein, Bitcoin, outflows

☆ Couple earns up to $70,000 a month, still feels stressed about money: 'We're not broke, but it feels like we are'
▼ + stars: | 2024-03-01 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

Brad has been the primary breadwinner throughout most of their marriage, but his income varies month to month. Sandra didn't contribute much income-wise to the couple's finances until a little over a year ago, she told Sethi. Brad feels like he does all he can to achieve their goals, but will never meet the high standard she sets, he told Sethi. "Most people genuinely believe that this process of tracking every last cent puts them in control of their money," Sethi said. "The identity you have created for yourself around money might not be fully accurate with reality," Sethi told her.

Persons: Sandra, Brad, Ramit Sethi, Rich, Sandra didn't, Sethi, it's

☆ It's time to buy the dip in nuclear and uranium ETFs, Bank of America says
▼ + stars: | 2024-02-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Uranium stocks have cooled off in recent weeks, making this a good time for investors to jump in, according to Bank of America. Many of the biggest uranium stocks like Cameco Corp. are down about 14% in February. Since 2021 clean energy ETFs with heavy exposure to wind and solar power have suffered a sharp bear market ( > 30% losses and $2.4bn outflows), but over the same period investors added $2bn into uranium & nuclear power ETFs," Woodard said. An example of a uranium fund that is seeing such a blip is the Global X Uranium ETF (URA) , which is Woodard's top pick in this space. Another uranium fund that Bank of America is bullish on is VanEck Uranium and Nuclear Energy ETF (NLR) .

Persons: Jared Woodard, Woodard, URA, Canaccord, George Gianarikas, they've, Gianarikas, — CNBC's Michael Bloom Organizations: Bank of America, Cameco Corp, Uranium, Nuclear Energy, Public Service Enterprise Group, Uranium Trust Locations: NLR, Canada

☆ Standard Chartered suspends key outbound investment channel for Chinese clients
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Standard Chartered has suspended new subscriptions by its clients in China into offshore products via a quota-based channel since last week, the Asia-focused bank said in a statement to Reuters. The London-headquartered bank cited "commercial reasons" as its explanation for the suspension of new investments under the qualified domestic institutional investor (QDII) program. It did not elaborate. StanChart's move comes amid Beijing's efforts to stem capital outflows as weaker yuan and a slowing economy have driven savers to move assets offshore. Launched in 2006, QDII is one of the few outbound investment channels qualified domestic and foreign institutions use to help Chinese wealth and corporate clients invest in offshore funds, bonds and other structured products.

Persons: QDII Organizations: Chartered, Reuters Locations: China, Asia, London

☆ Investors should take a look at these high-yield bond ETFs with tax advantages, Bank of America says
▼ + stars: | 2024-02-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"Investors have registered $195mn of outflows from HY muni ETFs over the past year while piling $3,130mn into long duration US Treasury bond funds. … In our view, Treasury bond ETFs have too much inflation risk and will continue to underperform Prudent Yield credit assets. Municipal bonds are debt issued by state and local governments whose interest payments can be tax-free for investors. But municipal bonds look relatively safe within that group, according to Bank of America. Bank of America's top-rated municipal bond ETFs include the SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) and the VanEck High Yield Muni ETF (HYD) .

Persons: Jared Woodard, Woodard, munis, HYMB Organizations: Bank of America, HY muni, …, Federal Reserve, Bank of America's, Bloomberg, ETF, Muni Locations: HY

☆ China's central bank leaves key policy rate unchanged under shadow of the Federal Reserve
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: +1 min

A man walks past the People's Bank of China (PBOC) building on Dec. 25, 2023 in Beijing, China. China's central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing's room to maneuver on monetary policy. China's central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing's room to maneuver on monetary policy. But any aggressive monetary movement risks reviving depreciation pressure on the Chinese currency and capital outflows. Sunday's operation was meant to "maintain banking system liquidity reasonably ample," the central bank said in an online statement.

Organizations: People's Bank of China, Federal Reserve Locations: Beijing, China, outflows

☆ China Foreign Minister Warns Against Decoupling at Munich Security Conference
▼ + stars: | 2024-02-17 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - Chinese foreign minister Wang Yi warned the West that it would be making a historical mistake if it sought to decouple from China in the interests of reducing risk. "Whoever tries de-sinicization in the name of de-risking would be making a historical mistake," Wang said in a speech on Saturday at the Munich Security Conference. His comments came amid calls over the last year from the United States and the European Union to reduce their dependence on China. During a meeting with U.S. Secretary of State Antony Blinken at the conference on Friday, the Chinese foreign minister also stressed that "making 'de-risking' into 'de-China', and seeking 'decoupling from China'" will only backfire on the U.S. itself". Photos You Should See View All 33 ImagesThe plans highlight "de-risking", the EU's policy of reducing economic reliance on China, which the bloc regards with suspicion due to its close ties to Russia.

Persons: Wang Yi, Wang, Antony Blinken, Albee Zhang, Ryan Woo, Giles Elgood Organizations: Munich Security Conference, European Union, U.S, European Commission, China's Chamber, Commerce Locations: BEIJING, China, United States, de, U.S, Russia

☆ MSCI China Index: 66 stocks cut from benchmark amid stock market rout
▼ + stars: | 2024-02-14 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Global stock index compiler MSCI is deleting dozens of companies from its benchmark China Index, which could further exacerbate fund outflows from Chinese equities after a massive stock market rout. The index provider announced this week that it would drop 66 securities from the MSCI China Index, one of its flagship China indexes, as part of the company’s latest quarterly review. The MSCI China Index is the compiler’s key index tracking the Chinese stock market, covering about 85% of the total market capitalization of Chinese companies listed globally. On Monday, MSCI also announced changes to its other China-related indexes, including deleting dozens of stocks from MSCI China A Onshore indexes and MSCI China All Shares indexes. Hong Kong’s stock market reopened on Wednesday after a long holiday weekend, with the benchmark Hang Seng Index up 0.9%.

Persons: MSCI, ”, Luca Paolini, Hong Organizations: Hong Kong CNN — Global, Investors, Greentown China Holdings, Gemdale Corp, Uni, President, China Southern Airlines, Lufax Holdings, Genomics, Midea, MGI Tech, Management Locations: China, Hong Kong, Shanghai, Shenzhen, Fuyang, China's, Anhui, AFP, Hangzhou, President China, Beijing, Geneva, Mainland

☆ Investors are the most bullish since early 2022 and 'all-in' on tech, says Bank of America survey
▼ + stars: | 2024-02-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Meanwhile, investors have cut their cash levels to 4.2% from 4.8%, the survey said. "Most bullish FMS in 2 years ... investors go all-in on U.S. tech," Hartnett wrote in a note to clients. For the first time since April 2022, investors became confident enough to predict that the U.S. economy would skirt a recession, the BofA survey showed. The proprietary indicator gauges when inflows or outflows related to stock-based funds point to investors moving too far to either side. Hartnett highlighted a few contrarian trades for a hard landing scenario, which includes going long cash and defensive stocks, and short technology companies.

Persons: Michael Hartnett, Hartnett Organizations: Bank of America, Manager Survey, FMS Locations: U.S

☆ Bitcoin, AI and Magnificent 7: The emerging ETF trends as industry gathers for big conference
▼ + stars: | 2024-02-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

To grow, the ETF industry has to expand the offerings of active management and devise new ways to entice investors. The big topics in 2024: Bitcoin, AI, Magnificent 7 alternativesIn 2024, the industry is betting that the new crop of bitcoin ETFs will pull in billions. Financial advisors are divided on whether to jump inTen spot bitcoin ETFs have successfully launched. Inflows into bitcoin ETFs to date have been modest, but bitcoin ETFs are being viewed by some advisors as the first true bridge between traditional finance and the crypto community. Jason Pereira, senior partner & financial Planner, Woodgate Financial, is speaking on how financial advisors are using artificial intelligence.

Persons: Matt Hougan, Steve Kurz, David LaValle, Ric Edelman, Edelman, Gary Gensler's, bitcoin, Jason Pereira, Pereira, Roundhill's, Alex Zweber, Eric Veiel, Rowe Price, Brian Portnoy, Neil Bage, feely Organizations: ETF, LIV, Miami, Super, Advisors, JPMorgan, bitcoin, Galaxy, Edelman, Digital Assets, Financial Professionals, SEC, Apple, Microsoft, NVIDIA, China ETF Locations: Fontainebleau, Miami Beach, China, bitcoin

☆ Bitcoin extends its gains, breaking through the $50,000 level
▼ + stars: | 2024-02-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin jumped above $50,000 Monday, at one point reaching its highest level in more than two years. Earlier, it rose to $50,334.00, its highest level since December 2021. Positive sentiment has returned to crypto after big outflows from the Grayscale Bitcoin ETF suppressed sentiment over the past month. Additionally, bitcoin caught a bid last week from the stock market, where the S&P 500 passed 5,000 last week. On Monday, both the broad market S&P and the blue-chip Dow Jones Industrial Average hit fresh intraday highs.

Persons: Bitcoin, cryptocurrency, Antoni Trenchev, bitcoin Organizations: Metrics, Dow

☆ Oil stocks share a bullish similarity with semis, but 'no one cares,' VanEck CEO says
▼ + stars: | 2024-02-10 | by ( Meredith Mutter | ) www.cnbc.com time to read: +1 min

According to VanEck CEO Jan van Eck, oil stocks are getting a raw deal. The companies are arguably the next best cash flowing companies [compared to] the semiconductors ," he told CNBC's "ETF Edge" this week. "They're trading at double-digit cash flow yields for E&Ps [exploration and production] and sectors in the oil market. His firm runs the VanEck Oil Services ETF . Strategas' Todd Sohn also characterizes oil stocks as unloved and sees potential for a turnaround.

Persons: Jan van Eck, CNBC's, Baker Hughes, van Eck, Strategas, Todd Sohn Organizations: VanEck Oil Services, Schlumberger, Halliburton

☆ Bitcoin tops $48,000 in a big comeback to end the week
▼ + stars: | 2024-02-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

In this article BTC.CM=ETH.CM= Follow your favorite stocks CREATE FREE ACCOUNTChesnot | Getty ImagesBitcoin marched higher to end the week, with its price breaching the $48,000 level for the first time since spot bitcoin exchange-traded funds began trading. Earlier, bitcoin rose to as high as $48,207.78 for the first time since Jan. 11, when the price momentarily touched $49,058.48 in volatile trading following the launch of spot bitcoin ETFs. Before that, bitcoin had not seen the $48,000 level since March 2022. Nevertheless, bitcoin's now up 10% for the week, while ether is on track for a 9% gain. Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m.

Persons: Bitcoin, cryptocurrency, bitcoin, bitcoin's, Sylvia Jablonski Organizations: Getty, Metrics Locations: Defiance

☆ Bitcoin breaks above $47,000 for the first time since March 2022
▼ + stars: | 2024-02-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Bitcoin marched higher to end the week, with its price breaching the $47,000 level for the first time in almost two years. On Friday the flagship cryptocurrency rose more than 4% to $47,307.00, according to Coin Metrics, a level not seen since March 2022. Bitcoin trading volume and sentiment have been suppressed over the past two weeks as investors worried about big outflows from the Grayscale Bitcoin ETF and a deeper pullback in its price ahead of an expected rip higher this year. Nevertheless, bitcoin's now up 10% for the week, while ether is on track for a 9% gain. Additionally, momentum from the S&P 500 briefly touching 5,000 Thursday for the first time ever may be spilling over to crypto.

Persons: Bitcoin, bitcoin's Organizations: Metrics

☆ Here are Thursday's biggest analyst calls: Nvidia, Disney, Tesla, Apple, Walmart, Roblox, American Express & more
▼ + stars: | 2024-02-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Thursday: Jefferies reiterates Walmart as buy Jefferies sees a $20 billion AI and automation opportunity for Walmart. Goldman Sachs upgrades Roblox to neutral from sell Goldman upgraded the stock following its earnings report and sees "margin momentum." Needham upgrades Disney to buy from hold Needham upgraded the theme park operator after its earnings report, seeing "strong" earnings per share growth. Morgan Stanley downgrades American Express to equal weight from overweight Morgan Stanley downgraded the credit card stock mainly citing valuation. Wells Fargo reiterates Disney as overweight Wells says it's standing by its overweight rating on the stock following earnings on Wednesday. "

Persons: Jefferies, Morgan Stanley downgrades Hertz, Morgan Stanley, Goldman Sachs, Goldman, Needham, Ally, it's, Wells, Macquarie, BABA, Oppenheimer, Davidson, NYCB, Guggenheim, TD Cowen, Wedbush, Wolfe, Baird, Tesla Organizations: Walmart, Discover, DFS, Barclays, PNM Resources, New, Express, DIS, Six, York Community Bancorp, Guggenheim, UBS downgrades Air Products, UBS, Products, Deutsche Bank, AstraZeneca, Deutsche, Apple, Nvidia Locations: New Mexico, Texas, OW, North America, China, GPRO

☆ New York Community Bank’s stock price is plunging, but that won’t tell you if it’s on the brink of failure. Here’s what will
▼ + stars: | 2024-02-07 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —Some of the very first signs of banking stress in the crisis that unfolded last year were reflected in Silicon Valley Bank, Signature Bank and First Republic Bank’s nosediving share prices. That’s a considerably larger share compared to Signature Bank and Silicon Valley Bank shortly before their demises. So far, there’s no evidence that the bank is at risk of failingAs scary as it may be to see a bank’s stock price plunging, it’s not the best gauge for the bank’s viability. The best source of information on that front is a bank’s deposit flows, Chiaverini said. As of last quarter, deposits were down just 2% and declined even less excluding the custodial deposits connected to the acquisition of Signature Bank.

Persons: Bank’s, Thomas Cangemi, David Chiaverini, it’s, Chiaverini, NYCB, Janet Yellen, ” Yellen Organizations: New, New York CNN, Silicon Valley Bank, Signature Bank, First, New York Community Bancorp, Moody’s Investors Service, Wedbush Securities, ”, Silicon Valley, Bank of America, Financial Services, Federal Deposit Insurance Corporation Locations: New York, Silicon Valley

☆ 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

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