Word: yieldingness
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Compounding the risk is the fact that many refugees from 3% CDs may have - bought their funds on the false assumption that these higher-yielding investments are also covered by federal deposit insurance. "Small bank savers may think that since banks are selling them, they're as safe as CDs...
In the hypnotic Chinese pole act, for which the circus is justly renowned, 16 acrobats in swirled leotards scramble up, down and around a set of four poles like a collection of futuristic monkeys. Ann Bernard and Helene Lemay deliver another excellent set with their dance, reminiscent of groundstomping Spanish...
The most dramatic effect is on Wall Street, where the Dow Jones industrial average hit new highs in back-to-back sessions last week as consumers, with increasing boldness, shifted their cash from low-yielding bank deposits into stocks and bonds. The Dow closed at 3640.63, up 25.15 points for...
With their loan portfolios under fire, banks are in danger of losing their depositors as well. Americans have withdrawn more than $500 billion from low- yielding bank accounts over the past three years in favor of higher-paying investments like mutual funds. Even the Federal Deposit Insurance Corporation's $100...
After three months of stasis, unemployment fell in May to 6.9%, yielding the country's highest employment rate since the beginning of the recession three years ago. That represented new jobs for 857,000 more people, the biggest monthly increase since 1984. The major contributor to the improvement was a...