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These 8 billionaires have more combined wealth than half of Silicon Valley’s residents

While the wealth gap narrowed by about 3% nationwide in 2021, it grew by 5% in the region, where tech companies have helped create a wave of millionaires and billionaires in recent years, according to the latest Silicon Valley Index. Read More...

MarketWatch

Here come the 5% CDs

If you’re looking for certificates of deposit, the interest rates on offer should be—here’s hoping—heading higher following the latest inflation numbers out Tuesday morning. You can already get 5% on a one-year CD if you shop around, and there should be more—and maybe better—on offer soon following the latest economic news, which has sent the money markets jumping around. January’s inflation data came in higher than expected, and the markets were surprised by the news, even though Federal Reserve Chairman Jay Powell had basically told them this was going to happen at his press conference a couple of weeks ago.

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