In Brief: Dec. 18, 2000

EATING YOUR CAKE Stock investors leery of market volatility who still want to play might consider market-indexed CDs. Crown Bank of Orlando, Fla., and New South Federal Savings of Birmingham, Ala., offer FDIC-insured CDs tied to the NASDAQ 100 or the S&P 500. Based on the past two decades, both would have done worse than the market but better than non-indexed CDs.

E-TAIL INVESTING Right when economists are sounding alarms against running up holiday consumer debt, one firm is tempting shoppers by offering a rebate that lets them save while they spend. sells a Merrill Lynch-managed mutual fund...

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