The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Former Egyptian president Mohamed Mursi has died in court, state television reported on Monday.World Politicsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
However, Fed Chairman Jerome Powell at times has suggested there may be more rate hikes to come, and many Americans are just fine with that, a new poll has found.
Rising rates are generally considered an indication that the economy is doing well and pave the way for pay raises and a better return on savings, despite increased borrowing costs.
Forty-four percent of those polled by E-Trade said "a better return on my savings" was the most important effect of rising interest rates, while 37 percent said it was making "borrowing money more expensive."
People who have savings "are smiling from ear-to-ear every time the Fed raises rates," said Greg McBride, chief financial analyst at Bankrate.com.
Only 9 percent of those surveyed were overly concerned about the variable interest rates on their credit cards, which generally rise in lockstep with the Fed's benchmark rate.
As a result of the increase in interest rates, savings rates — the annual percentage yield banks pay consumers on their money — are now as high as 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.)
With an annual percentage yield of 2.4 percent, a $10,000 deposit earns $240 after one year. Meanwhile, investors would have lost money in the stock market over the same time period after the and Dow Jones Industrial Average ended last year by finishing in the red.
"Cash is going to continue to be an important contributor to a portfolio delivering returns that preserve purchasing power," McBride said.
According to the most recent projections from individual members of the policymaking Federal Open Market Committee, there are two rate hikes likely later this year and perhaps one more after that.
E-Trade polled nearly 1,000 active investors earlier in January who have at least $10,000 in an online brokerage account.
More from Personal Finance:
Good news for borrowers: There are new ways to improve your credit score
For the first time in a decade, savings account outperformed the stock market
Here's how Fed rate hike will impact you