Finance

Money Market Accounts Today (Feb 14, 2024): How to Earn 4.75% APY

The Federal Reserve lowered the federal funds rate three times in 2024, reducing it by a full percentage point. As a result, deposit interest rates, including money market account (MMA) rates, have been declining.

Now, more than ever, it's crucial to compare MMA rates to ensure you're getting the best return on your balance.

A look at today’s top money market account rates: While money market account rates are still higher than in the past, the national average for MMAs is only 0.64%, according to the FDIC. The good news is that top-tier high-yield MMAs are offering over 4% APY, which is more than six times the national average.

That’s why it’s essential to shop around before choosing an MMA. Rates can differ significantly, but many banks—especially online ones—and credit unions have very competitive offers.

TECH

China's Xi Holds Uncommon Meeting with Business Leaders as US Tech Tensions Rise

On Monday, President Xi Jinping held an uncommon meeting with key figures from China’s technology sector, including Alibaba founder Jack Ma. During the meeting, he encouraged them to "show their talent" and have confidence in the strength of China's model and market.

This highly orchestrated pro-business gathering marks a shift in Beijing’s stance toward its tech giants, moving away from the regulatory crackdown seen four years ago. Analysts noted that the meeting reflects policymakers' growing concern over the economic slowdown and the efforts by the United States to restrict China's technological progress.

CRYPTO

Bitcoin Price Slips – Here's What Could Spark a Crypto Rebound

Bitcoin (BTCUSD) was edging lower early Monday, continuing its sluggish start to 2025. The cryptocurrency's recent performance suggests it may be on track to extend its lackluster momentum into the new year. After a series of ups and downs in the final months of 2024, Bitcoin has struggled to gain significant traction, with its price showing little sign of a strong rebound in the early days of 2025. Investors and analysts are keeping a close watch on potential catalysts that could spark a shift in sentiment and bring fresh momentum to the market.