Average Wall Street bonus drops to $121,000
NEW YORK (CNNMoney) — Lower profits and layoffs resulted in Wall Street bonuses falling by nearly $3 billion last year to their lowest level since the 2008 financial crisis. New York State Comptroller Thomas DiNapoli released the estimate Wednesday, saying that total bonuses dropped 14% to $19.9 billion, after two straight years of total [...]
Read MoreNew York State Deal On 60-Month CDs
If you live in or near New York’s Westchester County, you’ll want to check out the 60-monthCD rates at Sunnyside Federal Savings and Loan Association of Irvington. It’s paying 2.33% APY with a $500 minimum deposit. That’s more than a third of a percentage point higher than the top nationally available 60-month CD rate on our CD [...]
Read MoreTop MMAs Pay More Than Best Nationally Available Savings
For the first time in months, the best nationally available money market accounts pay more than savings accounts. Not that there’s much to boast about when it comes to interest rates. AmTrust Direct and My Banking Direct both pay 1.15% APY. That’s one-tenth of a percentage point more than the best nationally available savings [...]
Read MoreForeclosures to Climb Before Bank Deal Helps U.S. Housing Market
Feb. 10 (Bloomberg) — The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely. Lenders slowed the pace of foreclosures as they negotiated with attorneys general in all 50 states for more than [...]
Read MoreWrecks to Riches: Hunting Sunken Treasures from Cape Cod to the Costa Concordia
Off the coast of Massachusetts, and in the Mediterranean waters surrounding the Tuscan island of Giglio, treasure hunters are seeking sunken loot. Greg Brooks of Gorham, Maine — a founder of shipwreck recovery firm Sub Sea Research — says he has located the underwater remains of a British merchant ship that was sunk off Cape [...]
Read MoreSocial Entertainment Startup GetGlue Corrals Fans for Advertisers
Last summer, Home Box Office worked with a New York startup called GetGlue on an online campaign to promote the cable network’s vampire series, “True Blood.” From late May through June, fans who visited a page that GetGlue created could unlock digital stickers and win real bottles of Tru Blood, a carbonated blood-orange drink that [...]
Read MoreIran, Greece Fears Yield to Central Bankers, Stock Gains
Iran’s nuclear ambitions, Syria’s bloody crackdown and Greece’s potential default are leaving markets unfazed as central bankers take unprecedented steps to prevent the global economy from crumbling. The VIX, a measure of equity volatility known as the “fear index,” fell to 17.1 on Feb. 3, the lowest level since July, according to the Chicago Board Options Exchange. The [...]
Read MoreJobless Decline Masks Drop in U.S. Labor Force
The unemployment rate’s unexpected drop to a three-year low has overshadowed a less-positive labor- market development: fewer Americans are looking for work. Last week’s Labor Department announcement that the jobless rate fell to 8.3 percent in January sent stocks and bond yields higher. The same report showed the share of working-age people in the labor [...]
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