Articles

The Fed today announced it was keeping rates at 2% as was widely expected. It's announcement opened the door for future rate hikes as its statement mentioned the danger of inflation.

IndyMac yesteday raised the rate on their 6 month and 12 month CDs, which are now offering 4% APY and 4.25% APY respectively.

The Federal Reserve is expected to keep the Federal Funds rate at 2% tomorrow but traders and banks have already anticipated a future rate increase.

M&T Bank, NA is offering some of the highest rates on 2 and 3 year CDs. The only problem, a somewhat kluge application process.

The business media is screaming about fresh lows in consumer confidence. But are things really that bad? Unemployment is relatively low, the stock market is down but hasn't crashed, and Bush will be out of office in less than a year.

The Case/Schiller home price index now shows that housing prices dropped a record 15.3% in the past year and are now at 2004 levels. Another report shows that the rich dumped their real estate in 2006.

GM is offering a sweet financing deal or some good cash back to clear out their 2008 models.

Citibank has a new offer for opening a checking account. Open an account online, via the phone, or through a branch, do a few qualifying activities and receive 16,000 Thank You Points redeemable for $150 in gift cards and triple points for the next year.

Thank goodness we have the Joint Center for Housing Studies at Harvard. As the Financial Take Me Back Machine(TM) shows, they always provide a positive side to the housing market, even in these dark days.

If you're looking for some insight into why commodities are going sky high and are the flavor of the month, look no further than the Bill Gross's June 2008 Investment Outlook.

The WSJ has reported on Sunday that Citi is planning to lay off 10% of its worldwide investment banking group, or approximately 6,500 bankers.

Indymac just raised their rates on 3 month and 1 year CDs and is currently the rate leader according to the BestCashCow CD Rate Tables.

Banks continue to get hit and their calamities have contributed to a 4% drop in the Dow over the past week and 3 month low.

Credit Card App O Rama is a growing game as more and more people take advantage of 0% interest offers and stash the money in high yield checking accounts - earning free money.