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27 minutes ago
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More Americans shift money from checking and savings to accounts with investment income, study says
WASHINGTON (AP) — New research finds that more Americans are shifting their money from checking and savings accounts into financial vehicles that pay an investment income — a trend that helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due to tariffs. The analysis by JPMorganChase Institute examined the accounts of 4.7 million households and found that people's total cash reserves are increasing when including new amounts going into brokerage accounts, money market funds and certificates of deposit to assess people's well-being. Inflation-adjusted cash balances in checking and savings accounts 'remain low with a flat-growth trajectory,' but since the middle of 2024 total cash reserves have been increasing and approaching historical growth trends once the additional accounts are included, the analysis said. 'Families across many income bands are now seeing a turnaround in their total cash,' said Chris Wheat, president of the institute. Wheat said it had been 'hard to square the circle' of consumer spending staying strong despite the lack of growth in checking and savings accounts, an issue that can now be explained by people in a higher-interest rate environment shifting more money into accounts that yield investment returns. He said people appear to be using the other accounts to manage their cash, rather than simply making long-term investments. Wheat cautioned, however, that the trend might be short term and that the institute doesn't have a basis yet as to whether it will continue. The analysis also found that households with incomes generally lower than $35,000 had their total cash balances increase at an annual rate of 5% to 6%. The lowest income quartile tend to have checking and savings account balance of just over $1,000, while the median balances of the highest income quartile are above $8,000. Josh Boak, The Associated Press
Yahoo
27 minutes ago
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Union Pacific Corporation (UNP): I Like The Company, Says JIm Cramer
We recently published . Union Pacific Corporation (NYSE:UNP) is one of the stocks Jim Cramer recently discussed. Union Pacific Corporation (NYSE:UNP) is one of the biggest railroad companies in America. Like its peers, the firm's shares have also struggled on the stock market. However, until recently, Union Pacific Corporation (NYSE:UNP)'s shares were actually up 1.5% year-to-date, but recent events have turned the performance into a loss. These include reports that the firm might acquire either CSC or Norfolk Southern to consolidate the rail market. Investors are worried about whether financing the deals could affect the firm's bottom line. Here is what Cramer said about Union Pacific Corporation (NYSE:UNP): 'Yeah I don't want to give the impression that the rails aren't great. . .I like Union Pacific too. I like Norfolk Southern because I think, I'm very bullish on industrial. And the industrials so you don't need to fool around . . .So don't sell a rail, don't sell any of these capital equipment companies because I don't think people realize legislation is about capital equipment.' An intermodal container train winding through a rural landscape. The CNBC TV host previously discussed Union Pacific Corporation (NYSE:UNP)'s business as he briefly commented: 'But Union Pacific's a very energized company. Jim Vena, serious play. He's done a great job.' While we acknowledge the potential of UNP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
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Moomoo And New York Mets Unveil Display at Citi Field: A Bold New Presence at The Ballpark
JERSEY CITY, N.J., July 21, 2025 (GLOBE NEWSWIRE) -- moomoo, the global investment and trading platform, has unveiled a new, 36-foot high, double-sided display at Citi Field as part of its multi-year collaboration with the New York Mets. First displayed on July 18, the vibrant orange moomoo logo now adds a bright pop of color to the ballpark's dynamic visual landscape. This prominent signage, complemented by the moomoo mascot, ribbon displays, and immersive billboard advertisements, significantly amplifies moomoo's brand visibility and recognition among millions of baseball fans at Citi Moomoo's prominent 36-foot high signage lights up Citi Field With an average attendance of over 38,603 fans per game and 80 home games this season, the stadium brings extensive brand exposure to moomoo. Announced in April, the cross-sector collaboration between moomoo and the Mets also gives thousands of baseball fans the opportunity to watch the game in the moomoo Suite throughout the season. With this opportunity, fans have access to premium seats while enjoying best in class in-game entertainment, top tier dining options and exciting on-field performance. Since the start of the baseball season, moomoo has seen a significant increase in app downloads, brand visibility in various channels, and welcomes the opportunity to provide advanced tools and features, a global community of over 26 million investors, and free educational resources to beginner and advanced investors alike. Mets pitcher Edwin Diaz stars in a new commercial for moomoo, where the All-Star reliever details similarities between closing and stock trading: reading the game, analyzing opportunities, timing the moment, and moving with accuracy. "During this exciting season, moomoo is continuing its engagement with New York communities, and we have gained more opportunities to do investor education. We are delighted to see more and more people getting to know moomoo and understand our business philosophy through our collaboration with the Mets," said Neil McDonald, CEO at Moomoo Financials Inc. "We believe that through learning and practice on the moomoo platform, which offers a variety of investment tools, investors can ultimately invest like professional investors." 'This new signage marks an exciting next step in the growth of our partnership with moomoo and will help enhance their brand visibility around the ballpark,' said Brenden Mallette, Senior Vice President of Partnerships at the New York Mets. 'We've seen great engagement from our fans over the past few months and look forward to bringing more exciting moments to moomoo investors and Mets fans.' For every Mets win, $10,000 will be added to a special fund, culminating in a potential $1 million grand prize for one lucky moomoo investor if the team reaches 100 regular season victories*. In addition to organizing special events, moomoo offers various giveaways. These include 500 free game tickets on 'moomoo Mondays' throughout the season for moomoo users** and the opportunity to score exclusive Mets x moomoo merch. *Terms and conditions apply ( ** Limited to Moomoo Financial Inc customers residing in tri-state area (NY, NJ, CT, and PA). Terms and conditions apply ( ). About moomoo Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make more-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together. Founded in the US, moomoo operates globally, serving investors in countries such as the US, Singapore, Australia, Japan, Canada and Malaysia. As a subsidiary of a Nasdaq-listed Futu Holdings (FUTU), we take pride in our role as a global strategic partner of the Nasdaq, earning numerous international accolades from renowned industry leaders such as Benzinga and Fintech Breakthrough. Moomoo has also received multiple awards in the US, Singapore, and Australia for its innovative, inclusive approach to investing. Contact: For more information, please visit moomoo's official website at or contact us at pr@ For the New York Mets questions, please contact: Katie AgostinManager, CommunicationsNew York Metskagostin@ A photo accompanying this announcement is available at in to access your portfolio
