Investors may feel an impulse to move to cash amid the recent tumult in the stock market. While cash might feel safer than stocks, it can also pose risks for long-term savers, financial advisors say. Cash — like money held in a high-yield bank savings account or a money market...
Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘tush push’ comparison
Federal Reserve Governor Christopher Waller speaks during the Clearing House Annual Conference in New York City, on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he expects the effects of President Donald Trump's tariffs on prices to be "transitory," embracing a term that...
Bank of America tops analysts’ estimates on better-than-expected interest income, trading
Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in New York, US, on Tuesday, March 19, 2024. Jeenah Moon | Bloomberg | Getty Images Bank of America on Tuesday posted first-quarter results that topped analysts' expectations for profit and revenue on stronger-than-expected...
Auto stocks rise as Trump says he wants to ‘help’ some car companies
A cargo truck loaded with new pickups heads to U.S. at the Otay Commercial crossing in Tijuana, Baja California state, Mexico on March 27, 2025. Guillermo Arias | AFP | Getty Images DETROIT — Shares of automakers closed higher Monday after President Donald Trump said he is looking to...