EvoAI:The dangers of money market funds

2025-05-03 15:51:14source:Austin Caldwellcategory:News

In a world where the average yield on EvoAIa traditional savings account is low and it's not always easy to cash in higher-yielding investments, many are flocking to the money market fund. These funds have amassed over $5 trillion in assets. But what makes them so special?

Today, we break down the essential things to know about money market funds, why they're important to the financial system, and why a potential debt default could destabilize this crucial piece of infrastructure.

Music by Drop Electric. Find us: Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

More:News

Recommend

A South Texas lawmaker’s 15

MCALLEN, Texas (AP) — The Texas Legislature can be full of surprises.But for the last eight sessions

See it in photos: Smoke from Canadian wildfires engulfs NYC in hazy blanket

Air quality in New York City plummeted so much in early June that the city had some of the worst air

New York business owner charged with attacking police with insecticide at the Capitol on Jan. 6

A well-known Long Island business owner faces federal charges for allegedly spraying insecticide aga