If interest rates remain ‘higher for longer,’ the winners are those with cash accounts

Key Points

The Federal Reserve in December projected fewer interest rate cuts for 2025.
Yields on high-yield savings accounts, money market funds, certificates of deposit and other cash-like accounts should benefit from this “higher for longer” rate environment.

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GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to billion, the WSJ says

Finance

GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, the WSJ says

February 20, 2025

GameStop Chairman Ryan Cohen. CNBC GameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, the Wall Street Journal reported Thursday. Citing people familiar with the matter, the Journal said the sizable stake in Alibaba is a bullish bet […]

Finance

Stocks making the biggest midday moves: Palantir, AppLovin, Shake Shack, Walmart and more

February 20, 2025

Check out the companies making headlines in midday trading: Palantir — The technology stock tumbled 11.9%, on track for its worst day since May . The stock is also on pace to see back-to-back losses of 10% or more for the first time ever. Shares took a hit after the disclosure of a new stock […]

Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of ,000 or more

Finance

Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more

February 20, 2025

Key Points The Treasury Department set a March 21 deadline for businesses to report “beneficial ownership information” or risk civil and criminal penalties. It delayed the prior deadline by 30 days. The delay comes after a Texas district court struck down a nationwide injunction on enforcement of the Corporate Transparency Act. The Treasury left open […]