Author: super@dmin
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Wealthfront tempts traditional bank customers with 2.24% interest on cash accounts
The accounts also come with FDIC insurance of up to $1 million, but some online banks offer even higher interest.
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Key Words: Why we’ll be asking what caused the ‘sell everything’ recession of 2019-2021
In his latest missive, Charles Hugh Smith of the Of Two Minds blog puts on his forward-looking goggles to explain why the U.S. economy, while strong in many ways, is careening toward a “sell everything” recession.
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Capitol Report: The stunning drop in retail sales has Wall Street’s economists skeptical
Did U.S. retailers really just have the worst December since the 2007-2009 Great Recession? Wall Street is skeptical. Very skeptical.
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Economic Report: Mortgage rates hit a 12-month low as signs of economic slowdown dog the housing market
Rates for home loans fell again, offering a respite for home buyers, even as skittish investors search for safer assets.
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The Tell: JPMorgan just launched its own cryptocurrency: What you need to know
U.S. banking giant JPMorgan Chase & Co. said on Thursday it had launched its own digital currency, the JPM Coin to service institutional clients in the settlement of funds.
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Solid Fannie-Freddie earnings are a foundation for mortgage giants’ next act
Fannie Mae and Freddie Mac, the government-sponsored enterprises that guarantee mortgages to provide liquidity to the housing finance system, both had strong earnings in the fourth quarter of 2018, and the artificial system that requires them to turn over their profits to Treasury may be coming to an end.
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Everything you need to do before you retire
Financial advisers share what near-retirees need to know before retiring.
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Outside the Box: ‘Investable’ cash, the fuel for the stock market, drops to a 20-year low
That suggests the rally could be curtailed, says Simon Maierhofer.
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Europe Markets: Trade optimism helps European stocks shrug off growth fears
Most European markets rose modestly on Thursday morning, as weak German economic data failed to entirely damp positive sentiment on hopes of progress in U.S.-China trade talks.
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Love & Money: Marrying a man with good prospects is still a woman’s primary route to the 1%
The glass ceiling is even more depressing for the 1%, a new study finds.