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Capital One Venture X is Probably Not a Replacement for Amex Platinum or Chase Sapphire Reserve
Capital One announced the Venture X card last month to great fanfare. They paid the credit card bloggers handsomely to promote it with many of them obliging all too easily and changing the background of their sites to Capital One... Read →
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Two Credit Cards Stand Apart With Outstanding Reward Rates Across All Personal Spend
Over the last several years, all major credit card companies have gotten into the business of promoting spend in certain categories by issuing cards that provide extra points (or cash back) in certain spend categories. It started when... Read →
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Could the Climate Crisis Lead to A Banking Crisis?
I’ve previously espoused the belief that banks need to be given time to formulate a response to the current climate crisis. After COP26 in Glasgow, it is clear that the costs of wind and solar are falling and production advances in... Read →
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The Biden Administration Needs to Stop Appeasement of the Nuclear Lobby
I follow developments in renewable energy and work in the space. 2021 has been a remarkable year for the decline in the cost of offshore wind. We are seeing something similar in the solar/PV space. It is ending with Vestas's surprise... Read →
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Here is How Banks Can Act Now On Climate Change
At COP26 in Glasgow, unlike before, the financial world showed up and a group of 450 financial institutions pledged to invest $130 trillion in the transition to a low carbon world. But, there is so much to be done and it is now incumbent... Read →
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Federal Reserve Announces Slow Tapering, Fails to Provide Guidance on Raising Rates, Causes Loss of Purchasing Power for Savers
The Federal Reserve has tapered its bond buying, beginning to contract its $120 billion monthly bond buying purchases that propped up the economy after COVID-19 struck in March 2020. The bond buying will be decreasing by about $15 billion... Read →
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Examining the Banks’ Climate Policies Critically
It is pretty clear at this stage that those of us alive today and our children, grandchildren and their descendants are facing a climate crisis unlike anything the inhabitants of Earth have ever faced. It is also very clear that this... Read →
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Bask Bank Launches New Online Savings Account Paying 0.60% APY, but There is a Catch
Bask Bank, a division of Texas Capital Bank, has launched a new online savings account. The account, called an Interest Savings Account, is paying 0.60% APY. The rate is clearly among the best online savings rate available at the moment... Read →
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What I Still Remember 20 Years After September 11, 2001
I was not in New York on 9-11. I was living in London at the time and I was in my office. I remember a woman coming down the hall and saying: “Aren’t you from New York?” and then telling me that the World Trade Center... Read →
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Interactive Brokers is Pathetic, but Americans Have No Choice
Interactive Brokers provides an awful level of service. Their service is constantly failing – it goes down all the time these days locking traders out of access to their positions and costing them serious losses. And, users of the... Read →
Why It Might Not be Such A Bad Idea to Earn 0.40% On Your Money Right Now
As I write, in July 2021, we are living in a strange time. We are facing extraordinary risks to our democracy in the US, risks to our health as COVID-19 variants appear, and risks to our environment as it becomes increasingly clear that the... Read →
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Five Realities About Earning Hotel and Airline Points in the Post Pandemic World
BestCashCow launched its section on travel rewards and cash back cards a few years ago. We have always aimed to provide insightful information for credit card users about how to maximize the rewards you receive on your credit card... Read →
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Fed Leaves Fed Funds Target Rate at 0 to 0.25%, but Pencils In Two Hikes for 2023
The Federal Reserve today continued with its current rate stance and its current bond buying program, but is now indicating that it will back away from these easy-money policies in 2023 as inflation surges and growth accelerates. While... Read →
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Major Banks are Just Awash in Cash
The Wall Street Journal has an interesting article today which highlights how banks have become so completely awash in deposits that they are discouraging major companies from continuing to increase their cash deposits. It notes that CFOs... Read →
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