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This simple banking move can multiply your money

This simple banking move can multiply your money

Finance
If you've stashed some cash in a savings account, this is your time to shine. Signs of rising inflation, which pushed the Fed into hiking rates beginning in 2015, are finally having a significant effect on the annual percentage yield banks pay consumers on their money. As a result of the increase, savings rates are now more than 2.4 percent, up from 0.1 percent, on average, before the Federal Reserve started increasing its benchmark rate in 2015. (You can earn even more with certificates of deposit.) "If you're not earning upwards of 2 percent on an o...
Morgan Stanley: Here's how Apple could send its stock soaring by 27% this year

Morgan Stanley: Here's how Apple could send its stock soaring by 27% this year

Finance
Apple has made quite a comeback since it reported better-than-feared earnings, but many investors have little faith that the iPhone-maker can return to a $ 1 trillion market value with slowing smartphone demand. Morgan Stanley, however, disagrees. In fact, the bank said life beyond iPhone could extend this week's 7 percent relief rally to another 27 percent gain from here this year. A slew of new services launching in 2019, including video streaming and a media bundle will be a big driver for Apple, according to Morgan Stanley's Katy Huberty. Apple plans to debut its v...
If the S&P 500 breaks through this level, Bank of America predicts it'll spark a sustainable rally

If the S&P 500 breaks through this level, Bank of America predicts it'll spark a sustainable rally

Finance
Bank of America-Merrill Lynch believes it's premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm's chief equity technical strategist, is telling investors that stocks are still in the throes of a cyclical bear market. According to Suttmeier, the S&P 500 must break through its 40-week moving average for the trend to turn bullish. He turned to two charts to build his case. The first: A chart of the S&P 500 Index. "What we did is very important in December. ...