Category: General
-
Federal Reserve Enacts 0.25% Rate Hike, Hints at Possible End to Tightening Cycle
Federal Reserve Approves 10th Rate Hike in a Year, Suggests Tightening Cycle May Be Nearing Completion The Federal Reserve has unanimously approved its 10th interest rate increase in just over a year, raising the fed funds rate to a target range of 5%-5.25%. The central bank also offered a subtle indication that the current tightening…
-
First Republic Bank Seized and Sold to JPMorgan Amid Banking Crisis – FDIC Takes Decisive Action
On Monday (today), regulators stepped in to take over First Republic Bank and proceeded to sell it to JPMorgan Chase, a decisive response to the ongoing two-month banking crisis that has unsettled the financial sector. First Republic, which experienced a significant impact on its assets due to surging interest rates, had been grappling to survive…
-
Apple Card Unveils New High-Interest Savings Account with 4.15% APY for Customers
Apple has officially launched its high-yield savings account feature for Apple Card users, offering an attractive 4.15 percent Annual Percentage Yield (APY). This new feature is designed to provide a competitive savings option for Apple Card holders, helping them earn a higher return on their savings compared to traditional bank accounts. Apple has announced the…