And this too is positive for banking companies. When interest rates are also higher, holding a bit of cash can make more sense for some. That’s because the higher rates will allow the banks to earn more on their deposits.Ī recession normally encourages people to hold larger cash balances as the equity markets begin to look riskier. But with central banks raising rates across the world, this is likely to be one of the safe havens for investors this year. Send us feedback.The Foreign Banks industry has traded more or less in line with the S&P 500 over the past year. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'skyrocket.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Michael Salerno, The Arizona Republic, 14 Dec. 2023 But as always, the longer travelers wait to book their flights, the greater the chances their preferred itineraries will skyrocket in price or sell out. 2023 China’s rapid rollback of coronavirus restrictions means the country’s demand for agricultural products could suddenly skyrocket, lifting prices again. 2022 Today, tins of Ossetra and Beluga begin around $200 per ounce and can skyrocket upwards to even $800 per ounce due to the high demand and extensive breeding and harvesting. 2022 Mozie’s client roster has only continued to skyrocket. Lesley Goldberg, The Hollywood Reporter, 18 Nov. 2022 As valuable streaming and international rights are tied up, the cost of making The Walking Dead has continued to skyrocket even as viewership has cratered. Courtland Milloy, Washington Post, 22 Nov. 2022 But that might not last much longer if their workloads continues to skyrocket. 2022 Many who did manage to secure tickets had to pay much higher prices than were originally advertised, and prices on resale sites have only continued to skyrocket. Verb While her personal life had its ups and downs, Reynolds's career continued to skyrocket: The Hollywood heavyweight earned her first Oscar nod in 1965 for tackling the title role in The Unsinkable Molly Brown. Michael Andor Brodeur, Washington Post, 10 Nov. 2022 Jones tore through skyrocket solos, his horn here a balm, there a blade, and all over the theater knees helplessly bounced. 2023 In Rwanda, citizens had to contend with record food inflation that saw prices of items like bread, cereals, dairy products, and beverages skyrocket. 2022 Last year, Bed Bath & Beyond’s shares surged when it was gripped by meme stock mania-a trend where a company’s shares skyrocket after gaining viral popularity via social media. Jennifer Forrester, the associate chief medical officer at UC Health in Cincinnati. 2022 Furthermore, the sheer number of cases in Ohio is causing hospitalizations to skyrocket, said Dr. 2022 Omicron caused infections to skyrocket, businesses to struggle and workers to stay home sick in late December. Ella Feldman, Smithsonian Magazine, 20 Sep. 2022 Yet Phantom remains a sensation: Its upcoming Broadway closure has prompted ticket sales to skyrocket, bringing in $2 million within 24 hours of the announcement. 2023 With each passing year, more and more individuals are investing in Bitcoin due to its user-friendly technology and safe transactions, which have caused the value of the cryptocurrency to skyrocket. Noun The career-defining achievement typically causes album sales and streams to skyrocket these artists saw the biggest boosts.
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