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NASDAQ:AX 2 May 2026

Is Cash No Longer King? Why Your Bank Savings Could Be May’s Costliest Investment Mistake

Is Cash No Longer King? Why Your Bank Savings Could Be May’s Costliest Investment Mistake

The Federal Reserve kept its benchmark rate at 3.50%–3.75% this week as March inflation rose 3.5% year-on-year. FDIC data showed average savings account yields at 0.38%, far below inflation, while some online banks offered over 4% APY. Money-market fund assets reached $7.63 trillion. Series I savings bonds will pay 4.26% for new issues through October.
2 May 2026
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Stock Market Today

  • CLARITY Act Clears House and Senate Committee, XRP Holders Eye Senate Floor Vote
    June 23, 2026, 7:46 AM EDT. The CLARITY Act, a landmark U.S. crypto market bill, passed the House 294-134 and advanced through the Senate Banking Committee. Now eligible for full Senate floor consideration, the bill faces three key hurdles: reconciliation with the Senate Agriculture Committee's version, achieving a 60-vote threshold in the Senate, and House-Senate reconciliation before presidential approval. XRP holders closely watch this progress due to the bill's impact on how XRP is classified, which could stabilize its regulatory status amid administrative changes. The legislation also addresses taxonomy and the treatment of decentralized finance (DeFi) and stablecoins, aiming to clarify and modernize crypto regulation.

Latest articles

Korea Slides 10%, Nasdaq Futures Down 2.7% as Chip Stocks Sink Worldwide

Korea Slides 10%, Nasdaq Futures Down 2.7% as Chip Stocks Sink Worldwide

23 June 2026
Global semiconductor stocks plunged, wiping over $1 trillion from the Nasdaq 100’s market value in premarket trade as investors questioned whether massive AI infrastructure spending by tech giants can deliver returns, with SK Hynix and Samsung Electronics each losing over 12% and Micron set to report results that could further sway memory shares.
Micron Technology Stock Price Falls as $25 Billion Spending Plan Overshadows AI Forecast

Micron Earnings Take Center Stage for AI Stocks This Week

23 June 2026
Micron shares tumbled 8% premarket as investors brace for Wednesday’s earnings, with Wall Street raising the bar above company guidance after a record run; analysts warn that even a beat may disappoint if margins or outlook slip, threatening further stock and sector volatility amid soaring AI memory demand.
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