Tag Archives: Stash

Many banks are finally increasing the yields on their online savings accounts and certificates of deposit, tracking the interest-rate hikes the Federal Reserve started in March to combat higher prices. For instance, Ally Bank increased its online savings account’s annual percentage yield (APY) to 0.90% from 0.75% last week, while American Express upped its high-yield savings account yield to 0.75% from 0.65%. More increases could be on the way after the Fed this week hiked its rate again —… Source link

(Bloomberg) — The Cajee brothers, who ran a cryptocurrency investment platform from South Africa that the local regulator suspects of being a Ponzi scheme, are confounding both their family and desperate investors alike. It’s still hard to establish the whereabouts of Ameer and Raees Cajee, the pair that operated Johannesburg-based Africrypt since 2019. They appear to have vanished, along with an estimated $3.6 billion in Bitcoin — an amount that a lawyer for the brothers said was… Source link

BGR You should be totally freaked out by the DarkSide attack on Colonial Pipeline We’ve seen this movie before. After warnings go unheeded, a predictable, completely avoidable disaster strikes the US — in the process, revealing a soft, exposed underbelly of risk. And the people who get paid to stop this kind of thing from happening never seem to learn, most of the time, until it’s too late — or nearly. This time, it was the ransomware attack on the Colonial Pipeline which took the US to… Source link

And when old Swannee flew, all of our BEGOS Markets (Bond / Euro / Gold / Oil / S&P) were initially flushed down the loo, of which mildly (by comparison) were two — the Bond and Gold — as we graphically review: The above seven-month stint from the beginning of September 2008 through the end of March 2009 found the S&P 500 (closing price basis) down as much as 47%, (and moreover Oil down as much as 71%). Yes Gold suffered, but relatively less so in falling 15%, whilst the Bond’s loss was… Source link