What is a Money Market Account?
A money market account works a lot like a traditional savings account, with a few restrictions. Banks and Credit Unions offer these accounts to give themselves more freedom to use your money in exchange for a higher interest rate. So while a typical savings...
A new bill was passed in the House this month that aimed at preventing Federal regulators from establishing new rules on Wall Street to increase accountability on the professionals that manage retirement savings.
The bill, titled the Retail Investor Protection Act, was created in response to the Department of Labor(DOL)’s...
It makes sense for a credit card company to base a card holder’s financial responsibility on their ability to make payments in a timely fashion. By keeping up with payments, credit card holders were once certain to keep a good, stable credit score. With the struggling economy, however, credit...
On the surface, foreign currency trading looked like an ideal post-recession activity for “Too Big To Fail” banks.
The exchanges offered the possibility of considerable returns on investment, coupled with a low risk environment. Those two factors made the exchange market the perfect business venture for an industry reeling from...
If you tried to describe 2015 on Wall Street to this point, the best word might be ‘volatility.’ We’re not even at the end of July, and the Dow Jones Index has already fluctuated between positive and negative year-to-date numbers 21 times—an all-time record.
But as inconsistent as the American...
Even with troop reductions in Iraq and Afghanistan, the unrest in the Middle East continues to affect the United States’ economy on an almost-daily basis.
Last week, markets opened lower on Monday morning due chiefly to concerns over escalating tensions in Iraq, where Sunni insurgents began campaigns to overtake regions...
The crisis in Russia worsened Tuesday when Standard and Poor’s (S&P) placed the nation on negative credit watch.
In a statement, S&P said that the move “stems from what we view as a rapid deterioration of Russia’s monetary flexibility and the impact of the weakening economy on its financial system.”
The...
With the baby boom generation approaching retirement, more people than ever are concerned that they will be unable to retire comfortably at age 65. A Retirement Confidence Survey (RCS), conducted by the Employee Benefits Research Institute (EBRI), reflected American workers’ dwindling hopes to retire and maintain their current standard...
This morning, the Senate will hold a hearing on the topic of regulatory capture—a term used to describe the often-observed tendency of government officials to become a little too close to the institutions they’re supposed to be regulating.
The impending case made yesterday’s announcement from the Federal Reserve all the...
