Interest

After Sen. Ted Cruz (R-Texas) pushed for abolishing the interest paid by banks on their deposits with the Federal Reserve, senior economist Jeremy Siegel supported his arguments, whereas the JPMorgan Chase & Co. strategists opposed the idea, warning of serious implications. What Happened: Cruz...

The CBOE Volatility Index, known more commonly as the VIX, spiked to levels not seen since the onset of the COVID-19 pandemic amid Monday’s global market meltdown. Fund manager Cathie Wood, founder of Ark Invest, weighed in on the implication of the development. Making Sense Of VIX Move: The...

A New York-based mult-asset investing platform has an attractive annual percentage yield. What Happened: Public launched its secondary brokerage account, High-Yield Cash Account, to offer 5.1% APY (subject to change) with zero fees and no minimum balance requirements. Funds from the account will be...

The Personal Consumption Expenditure (PCE) price index, widely regarded as the Federal Reserve’s preferred measure of inflation, exhibited a noteworthy slowdown in October. The PCE annual inflation rate eased from 3.4% year-on-year in September to 3% in October, as expected. This downtrend...

Few concepts are as fundamental and powerful as interest. Widely recognized as the bedrock of economic growth and wealth accumulation, interest is a force that shapes our financial decisions and long-term prospects. But at its core, interest embodies the paradox of being a reward and a risk—a...

The largest debt many Americans will take on in their lifetime is their mortgage debt. One tax benefit exists that can help some homeowners take at least a small bite out of their interest burden, but its actual benefits are extremely limited for most Americans. The Mortgage Interest Deduction...

As you grow older, you might take a hard look at your financial history. If you want to become a millionaire by the time you reach middle age, it is time to get your personal finance and credit card debt in order. The more you start to invest now, and the more time you keep the money in your...

Albert Einstein reportedly said that the "most powerful force in the universe" is compounded interest, a theory that CNBC's Jim Cramer might agree with. Any investor, even those with low paying jobs, can grow their wealth over the longer term due to compounding interest, Cramer...

Debt is a part of business. Corporations employ debt to build their businesses bigger and faster than they could if they had to rely solely on their earnings With that said, debt can also be a crippling burden, as interest payments eat away at returns, debt covenants put pressure on its management...