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☆ Mothers of Miss USA and Miss Teen USA Speak Out on Resignations
▼ + stars: | 2024-05-15 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +15 min

A rocky startVoight was the first Miss Utah to win the Miss USA crown since 1960. Miss USARose, a fashion designer, bought the Miss USA license after a turbulent year that included rigging allegations and a sexual harassment cover-up. Hector Vivas/Getty ImagesIn her Miss USA resignation letter, Noelia detailed the "detrimental mental and emotional toll" of her time at Miss USA and how it "greatly impacted" her physical health. Noelia and UmaSofia's reigns as Miss USA and Miss Teen USA would have officially ended in August, but their mothers said it became too much. The network — which signed a three-year deal in April to air both the Miss USA and Miss Teen USA competitions — said on Monday that it's now "evaluating its relationship with both pageants," according to USA Today.

Persons: Noelia Voigt, Jackeline Voigt, Noelia's, Jackeline, Barbara Srivastava —, Miss Teen USA UmaSofia Srivastava, Noelia, UmaSofia, Barbara, Miss USA's, Laylah Rose, aren't, Rose, Voight, We're, we're, Brian Ach, Miss USA, Thom Brodeur, UmaSofia Srivastava, Barbara Srivastava Barbara, didn't, Stephanie Skinner, Skinner, Teen USA — Barbara, Rose hadn't, USA's, Kenya Moore, Olivia Culpo, they're, Voigt, Hector Vivas, —, — Noelia, Rose weaponized, Claudia Michelle —, Michelle, Colorado Arianna Lemus, Laylah, she's, Barbara Srivastava, it's, Brodeur Organizations: Miss USA, Business, Miss Teen USA, Miss, ABC News, New York, Christmas, Teen USA, Miss Universe, El, ., BI, USA, Miss Teen, Noelia, CW Network Locations: Venezuelan American, Miss Utah, Miss USA, Noelia's, USA, El Salvador

The Apple Card Savings account still pays a higher APY than the average savings account. Apple has dropped the interest rate on its Apple Card Savings account for the first time in 2024. The Apple Card Savings account is available for Apple Card users in the U.S. You can set it up and manage it through the Apple Card in the Wallet app on iPhones. How the Apple Card Savings account worksThe Apple Card Savings account doesn't require a minimum opening deposit. While the interest rate on the Apple Card Savings Account has dropped for the first time in 2024, it still pays a significantly higher rate than a traditional savings account.

Persons: Apple, —, Cash, Jennifer Bailey, Daily Cash, Goldman Sachs Organizations: Apple, Savings, Service, Apple Card Savings, Apple Card, Daily, FDIC, Federal Deposit Insurance Corporation Locations: U.S

Read previewAbout a year ago, I signed up for an American Express checking account. I canceled my American Express Rewards checking account just a year after opening. It came as a shock to me that it wasn't available with an Amex checking account and defeated a large purpose of opening this account. It was hard to deposit and transfer moneyAmerican Express makes it incredibly difficult to fund the Amex Rewards checking account. The APY wasn't competitiveBecause of its limited functionality, I ended up using my Amex Rewards checking account as a sort of savings account.

Persons: —, Bill Organizations: Service, Business, American, Express, American Express, Capital

☆ 'Sex and the City' creator Candace Bushnell says Netflix won't pay her royalties as it plans to air all 6 seasons: 'The way men do business is a Ponzi scheme'
▼ + stars: | 2024-02-04 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewNetflix will stream all six seasons of "Sex and the City," but its creator, Candace Bushnell, won't get a dime. The Times of London noted that Bushnell only received $100,000 for the screen rights to "Sex and the City." "The percentage of women in the 1% who made their own money is about 3.5%, and that's shocking," Bushnell told The Times of London. Advertisement"You know, it's a television product, done with Michael Patrick King and Sarah Jessica Parker, who have both worked with HBO a lot in the past," Bushnell told The New Yorker. Bushnell is now performing a one-woman show called "True Tales of Sex, Success, and Sex and the City."

Persons: —, Candace Bushnell, Bushnell, Mike Marsland, Getty Images Bushnell, Brian Ach, Michael Patrick King, Sarah Jessica Parker Organizations: Service, The Times, Netflix, Variety, Warner Bros ., Business, Getty Images, Times, HBO, City, Getty, New Yorker Locations: London, United States, Europe

The Apple Card Savings account already paid a higher APY than the average savings account. Apple has increased the interest rate on its Apple Card Savings account for the third time since December. The Apple Card Savings account is available for Apple Card users in the U.S. You can set it up and manage it through the Apple Card in the Wallet app on iPhones. How the Apple Card Savings account worksThe Apple Card Savings account doesn't require a minimum opening deposit. Products in this post: Apple Card, Apple Savings Account, Ally Savings Account, Discover® Online Savings Account, BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, Wealthfront Cash Account

Persons: Goldman Sachs, Cash, Jennifer Bailey, Daily Cash, Ally Organizations: Apple, Apple Card, Savings, Apple Card Savings, Daily, FDIC, Federal Deposit Insurance Corporation, CIT Bank, CIT, Products, Apple Savings, Secure Savings Locations: U.S

When applying for a business credit card, issuers may consider your personal credit score if you don't have a business credit report yet. [ Jump to more details ]More on our picks for the easiest business credit cards to getCapital One Spark 1% ClassicThe Capital One Spark 1% Classic has lower credit score requirements than many cash-back business credit cards but still earns valuable rewards. [ Return to card summary ]Bank of America Business Advantage Unlimited Cash Rewards Secured credit cardThe Bank of America Business Advantage Unlimited Cash Rewards Secured credit card is a secured credit card, geared toward applicants with poor or no credit scores. Credit card issuers usually check your personal credit when you apply for a business credit card. Our methodologyTo determine which business credit cards are the easiest to get approved for, CNBC Select analyzed the most popular credit cards available to U.S. business owners with poor or average credit.

Persons: It's, cardholders, Bradstreet, Cardholders, Slack, you've, Cash, you'll, There's Organizations: CNBC, Capital, Bank of America Business, The, of America Business, Apple, Google, Mastercard, Card, Emigrant Bank, FDIC, Brex, SEC, Treasury, Cash, Gas, Bank of America, World, Microsoft, MasterRental, Savings, CNBC Select's, Facebook, Twitter Locations: U.S

☆ Deposit delays: Fed tells banks to get customers help
▼ + stars: | 2023-11-07 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Federal Reserve officials are urging banks to work with customers hurt by ongoing deposit delays that have prevented some people from accessing their paychecks and other funds. The deposit delays are linked to a problem that emerged on Friday with the Automated Clearing House (ACH) payments system, causing headaches for consumers and employers. “The Federal Reserve encourages banks to work quickly to resolve issues for customers experiencing delays in receiving direct deposit payments as a result of operational issues at a private sector payments provider,” a Fed spokesman told CNN in a statement. Fed officials signaled they want banks to help customers by waiving overdraft or late fees. The Consumer Financial Protection Bureau similarly told CNN on Monday that consumers “should not be penalized” by fees and penalties.

Persons: haven’t, waiving overdraft, JPMorgan Chase, Banks, Chase Organizations: New, New York CNN — Federal Reserve, Federal Reserve, CNN, Consumer Financial, JPMorgan, Fed, ACH Network, Bank of America, US Bank Locations: New York, United States, Wells Fargo

☆ Banking industry direct deposit delays: Customers of Bank of America, Chase, and more have reported payment issues
▼ + stars: | 2023-11-06 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system. The deposit delays are linked to a problem that emerged on Friday with the Automated Clearing House (ACH) payments system, causing headaches for consumers and employers. An industry source confirmed to CNN on Monday that it’s likely some customers haven’t received their deposits yet. Clearing house says it was a ‘manual error’Asked for comment, multiple banks referred inquiries to The Clearing House, which is owned by the largest commercial banks including Bank of America, JPMorgan Chase, CitiBank and Wells Fargo. The Clearing House did not provide an updated comment on Monday or any timetable for when the problem will be fully resolved.

Persons: haven’t, Banks, Chase, ”, Downdetector, Wells, “ Wells, Wells Fargo, Jim Seitz, ” Chase, Greg MacSweeney, MacSweeney, Dennis Kelleher, ” Kelleher Organizations: New, New York CNN, CNN, Consumer Financial, Bureau, Bank of America, US Bank, Twitter, “, ” Bank of America, JPMorgan Chase, CitiBank, House, Federal Reserve, Fed, ACH Network, Better Locations: New York, Wells Fargo, ACH, United States

☆ BofA notifies customers of temporary industry-wide deposit delays
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. The issue could be stemming from The Clearing House (TCH), a core payments system infrastructure owned by some of the largest commercial banks in the world. "TCH has experienced a processing issue with a single Automated Clearing House (ACH) file. TCH is working with impacted financial institutions on the matter," a spokesperson for the association said in an emailed statement to Reuters. An alert on the Federal Reserve Financial Services website said all services were operating normally as of 12:44 PM Eastern Time (ET).

Persons: Carlo Allegri, TCH, JPMorgan Chase, Niket Nishant, Manya, Saeed Azhar, Tatiana Bautzer, Shweta Agarwal Organizations: of America, REUTERS, Bank of America's, BofA, JPMorgan, Truist, U.S . Bancorp, Federal Reserve Financial, Manya Saini, Thomson Locations: Manhattan, New York City , New York, U.S, Bengaluru, New York

☆ Bank of America warns of banking industry deposit delays
▼ + stars: | 2023-11-03 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

New York CNN —Bank of America alerted customers on Friday that their deposits may be delayed due to a problem impacting multiple banks. Customers at Bank of America, Chase, US Bank, Truist and Wells Fargo have complained of issues on Friday morning, according to Downdetector. An industry source tells CNN that the issue appears to be related to the Automated Clearing House (ACH), which is a network for processing transactions. The source said the problem does not appear to be a bank-specific issue. In a message to customers on Friday, Bank of America said “some deposits may be temporarily delayed.”The message said the deposits from Friday may be delayed due to an “issue impacting multiple financial institutions.”“Your accounts remain secure, and your balance will be updated as soon as the deposit is received,” the Bank of America message read.

Persons: Wells Fargo Organizations: New, New York CNN — Bank of America, Bank of America, US Bank, CNN, Reserve, US Treasury Department Locations: New York, Truist, Wells

A man walks by the Bank of America headquarters in New York on July 18, 2023. Customers at several big banks on Friday wrestled with direct deposit delays stemming from an industry-wide processing issue. There was a surge of "outages" reported by banking customers Friday morning, including Bank of America, Chase, Truist, U.S. Bank and Wells Fargo, according to Downdetector. All Federal Reserve Financial Services are now operating normally, according to a Federal Reserve statement released Friday. Banks are now working to correct the errors in those payments, he said.

Persons: Chase, Gregory MacSweeney, Banks, Lee Henderson Organizations: Bank of America, U.S . Bank, Financial Services, Finance, Social Security, Fed, Electronic Payments, CNBC Locations: New York, Truist, U.S, Wells Fargo

☆ Can You Pay a Mortgage with a Credit Card?
▼ + stars: | 2023-10-18 | by ( Michelle Lambright Black | ) www.wsj.com time to read: +10 min

“Eventually something is going to blow up.”That said, paying your mortgage with a credit card can make sense in a few circumstances, such as when you’re trying to earn a credit card sign-up bonus. How to pay your mortgage with a credit cardIn general, mortgage companies and mortgage loan servicers do not accept credit cards as a form of payment. If you plan to buy gift cards with your credit card and use them to pay your mortgage, it’s important to review your credit card issuer’s policies first. Most people consider paying their mortgage with a credit card for one of two reasons—they want extra time to make their mortgage payments or they want to earn credit card rewards. Potentially, yes: You want to earn credit card rewardsThere is one scenario where paying a mortgage with a credit card may make sense.

Persons: Michelle Lambright, ”, Jeff Rose, Plastiq, it’s, LaToya, “, You’re, Cash, Kevin Payne Organizations: Mastercard, Western Unions, Chase, Capital, Federal Reserve Locations: Plastiq, Birmingham, It’s

☆ Canon, known for its cameras, launches ASML challenge with machine to make the most advanced chips
▼ + stars: | 2023-10-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Brian Ach | Getty ImagesCanon , the Japanese firm best known for its printers and cameras, launched a critical tool on Friday it says can help manufacture the most advanced semiconductors around. The latest "nanoimprint lithography" system is Canon's challenge to Dutch firm ASML , which dominates the extreme ultraviolet (EUV) lithography machine space. ASML's tools are required to make the most advanced chips such as those in the latest Apple iPhones which are manufactured by Taiwan's TSMC . For context, the A17 Pro chip inside Apple's iPhone 15 Pro and Pro Max, is a 3nm semiconductor. Both TSMC and South Korea's Samsung, the two biggest advanced chip manufacturing companies, are aiming to make 2nm chips in 2025.

Persons: Brian Ach, Taiwan's TSMC, Canon, hasn't, Kotasthane, ASML Organizations: Getty, Apple, U.S, Canon, Pro, Samsung, Takshashila, CNBC Locations: China, South

☆ Best High-Yield Savings Accounts for October 2023
▼ + stars: | 2023-09-28 | by ( Martha C. White | ) www.wsj.com time to read: +18 min

With the Federal Reserve steadily raising interest rates to fight inflation, high-yield savings account payouts have steadily risen, too. After years of near-zero returns, the average savings account rate has risen to 0.45%, according to the Federal Deposit Insurance Corp. Their new High-Yield Savings account offers a 3.5% APY, but you need a hefty $5,000 deposit to open the account. Unlike some high-yield online savings accounts, you earn a high APY—currently 5%—on every dollar in your account. You can conduct immediate electronic transfers between your brokerage account and savings account, and manage both savings and investment activities on a single platform.

Persons: Martha C, it’s, JPMorgan Chase, Wells, Wells Fargo, Ally, Synchrony, UFB, —, Achilles, We’ve, Foster, Alliant, Morgan Stanley, Marcus, Goldman Sachs, Charles Schwab, Charles Schwab Bank Charles Schwab Organizations: Federal Reserve, Federal Deposit Insurance Corp, Capital, National, One’s, JPMorgan, JPMorgan Chase JPMorgan Chase &, Chase Savings, Ally, Synchrony, CIT, First Citizens, Bank, Axos Bank, Webster Bank, National Bank, Zelle, Alliance Data Systems, Comenity Capital Bank, FDIC, Foster Care, Navy, Navy Federal, Savings, Morgan Stanley Private, Morgan Stanley Private Bank, Bloomberg, Trade, Charles, Charles Schwab Bank, Best Bank, National Credit Union Administration, dateline Locations: Chase, Zelle, Ally’s, Utah, Chicago, U.S, .

☆ Best High-Yield Savings Accounts of September 2023
▼ + stars: | 2023-08-31 | by ( Martha C. White | ) www.wsj.com time to read: +18 min

With the Federal Reserve steadily raising interest rates to fight inflation, high-yield savings account payouts have steadily risen, too. After years of near-zero returns, the average savings account rate has risen to 0.43%, according to the Federal Deposit Insurance Corp. Unlike some high-yield online savings accounts, you earn a high APY—currently 5%—on every dollar in your account. You can conduct immediate electronic transfers between your brokerage account and savings account, and manage both savings and investment activities on a single platform. How we pickedTo pick Buy Side from WSJ’s Best Savings Accounts, we looked for accounts that offered the best APY on deposited funds without restrictions.

Persons: Martha C, it’s, JPMorgan Chase, Wells, Wells Fargo, Ally, Synchrony, Foster, Alliant, —, Ivy, Achilles, We’ve, Morgan Stanley, Marcus, Goldman Sachs, Charles Schwab, Charles Schwab Bank Charles Schwab Organizations: Federal Reserve, Federal Deposit Insurance Corp, Capital, National, One’s, JPMorgan, JPMorgan Chase JPMorgan Chase &, Chase Savings, Ally, Synchrony, CIT, First Citizens, Bank, Foster Care, Navy, Navy Federal, Bask Bank, Texas Capital Bank, Savings, LendingClub, Alliance Data Systems, Comenity Capital Bank, FDIC, Morgan Stanley Private, Morgan Stanley Private Bank, Bloomberg, Trade, Charles, Charles Schwab Bank, Best Bank, National Credit Union Administration, dateline Locations: Chase, Zelle, Ally’s, Chicago, U.S, Utah, .

How cash management accounts workCash management accounts are multifunctional accounts that combine checking and savings account features. Where to find cash management accountsBelow, you'll find fintech companies we've reviewed that have cash management accounts. Wealthfront Cash Account: Wealthfront is an investing platform with a cash management account. Cash management account FAQsWhat is the purpose of a cash management account? Betterment Cash Reserve, Wealthfront Cash Account, and Fidelity Cash Management are all popular examples of cash management accounts.

Persons: Tony Molina, You'll, Banks, Read, you'll, Cash, It's Organizations: Service, Governors, Federal Reserve, FDIC, Cash, Fidelity Cash Management Locations: Wall, Silicon, Wealthfront

☆ Scoop: The founders of PopSugar raise $33 million for their second VC fund, and launch a bespoke investment bank to advise startups on M&A
▼ + stars: | 2023-06-13 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Brian and Lisa Sugar, the married founders of PopSugar, have raised a second venture capital fund. The $33 million fund will invest in consumer brands and software powering the future of retail. The eponymous firm, Sugar Capital, began to raise the sophomore fund a year ago and closed in May, Brian Sugar told Insider. For her part, Lisa stepped back from managing PopSugar in 2021 and joined Sugar Capital as a partner in 2022. Sugar Capital set out to raise $75 million for its second fund and reduced the target size last summer, Sugar said.

Persons: Brian, Lisa Sugar, Brian Sugar, MrBeast's Feastables, Will Hawthorne, Krista Moatz, PopSugar, Hawthorne, Sugar, Sam Altman, Jason Calacanis, Everlane, Ben Lerer's, Lisa, Brian Ach Organizations: PopSugar, Sugar Capital, Avid Capital Advisors, Avid, Sugar, JPMorgan, Advisors, Sequoia Capital, Nine Media, Bain Capital, Pritzker Group Venture, Consumer Locations: Olive

☆ Elon Musk and Sam Altman founded OpenAI together, but now they publicly trade barbs. Here's the history of their relationship and feud.
▼ + stars: | 2023-05-30 | by ( Sarah Jackson | Grace Kay | ) www.businessinsider.com time to read: 1 min

Altman recently addressed some of Musk's gripes about OpenAI. "I mean, he's a jerk, whatever else you want to say about him — he has a style that is not a style that I'd want to have for myself," Altman told Swisher. "But I think he does really care, and he is feeling very stressed about what the future's going to look like for humanity." In response to Musk's claim that OpenAI has turned into "a closed source, maximum-profit company effectively controlled by Microsoft," Altman said on the podcast, "Most of that is not true, and I think Elon knows that." Source: "On With Kara Swisher", Insider

To qualify for the bonus, you must have an eligible account — a Chase personal checking account, Chase personal savings account, or J.P. Mortgage Wealth Management non-retirement account. To be eligible for the $600 checking account bonus, you can't own a Huntington checking account. Banks paying $500 or more to open a business bank accountHuntington Bank: $1,000In addition to its personal checking account cash bonuses, Huntington Bank also has three business checking account promotions. You must be a new business checking account customer to qualify for the Huntington Bank Unlimited Plus Business Checking Account bonus by May 22, 2023. Chase: up to $500Chase also is offering a business bank account bonus of up to $500 for new business customers who open the Chase Business Complete Checking account.

Students with a limited credit history are unlikely to be approved for the best credit cards, and even some student credit cards require good to excellent credit. Step is a secured credit card that has a dynamic credit limit that is attached to the bank account balance -- it operates like a debit card but it is a credit card, which is what enables the unique credit building feature. Best Credit Cards for Students With No Credit of 2023Methodology: How we chose the best credit cards for students with no creditInsider's credit cards team looked at dozens of student credit cards, secured credit cards, and starter credit cards and narrowed down the list by choosing only those that students with limited or no credit have a good chance of qualifying for. Credit Cards for Students With No Credit Frequently Asked Questions (FAQ)Which credit card is best for students with no credit? US Bank Altitude Go Secured Credit Card ReviewBest for Students Under 18Step Secured Visa CardWhile credit card accounts are only available to those aged 18 and over, the Step Secured Visa Card offers a solution for students looking to build credit who haven't yet reached legal adulthood.

Phishing scams were up 61% in 2022, and the scammers' goal is to convince you to give them your information. A study from SlashNext even showed that in 2022, there were 255 million phishing scam attacks, a 61% increase compared to 2021. Fake bank emailsWhen you're scrolling through your inbox, you might occasionally get emails from your bank, open them up, and resolve what's inside. "These emails often contain a phishing link or attachment that, once clicked, can install malware on the user's device," he says. Real estate wire transferIf you're involved in real estate transactions, Sprung says there's a phishing scam happening in the industry that's worth paying attention to.

☆ I'm a frequent traveler and these 5 credit cards never leave my wallet
▼ + stars: | 2023-04-19 | by ( Andrew Kunesh | ) edition.cnn.com time to read: +17 min

So without further ado, these are my top five credit cards as a frequent traveler. My top 5 credit cards as a frequent travelerI use credit card rewards to fund my flights and hotel stays around the world. HyattThe Chase Sapphire Reserve is another iconic travel credit card that took the credit card world by storm when it launched in 2016. Other travel credit cards I keep openI keep a handful of hotel cards open for the annual free night certificate. Read my article to why you should have more than one credit card for more information on creating a credit card stack that works for your needs.

Apple has a new high-yield savings account from Goldman Sachs available for Apple Card users. The Apple Card Savings account pays a higher APY than the average savings account. The Apple Card Savings account is available for Apple Card users in the US. How the Apple Card Savings account worksThe Apple Card Savings account doesn't require a minimum opening deposit. Interest on the Apple Card Savings account is compounded daily and deposited into your account monthly.

☆ The Evolving Payments Purchasing Chain: How Pressures Are Changing the Ecosystem
▼ + stars: | 2023-03-21 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +3 min

Insider IntelligenceThe changing economic landscape is leading to consolidation and a stronger focus on innovation. The rise of digitization and noncard payment methods could pose a large threat to issuers' transaction-based revenues. What is abundantly clear is that the diversification of the payments landscape paired with the threat of new regulation is creating more opportunities for the savvy consumer. Curious to learn more about the evolving payments purchasing chain? Click here to purchase The Payments Ecosystem collection.

☆ The Evolving Payments Purchasing Chain: How Digitization and Economic Pressures Are Changing the Ecosystem
▼ + stars: | 2023-03-16 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +3 min

Insider IntelligenceThe changing economic landscape is leading to consolidation and a stronger focus on innovation. Both large and small players in the space can adapt their products to address current market needs and press on toward digitization. The rise of digitization and noncard payment methods could pose a large threat to issuers' transaction-based revenues. Curious to learn more about the evolving payments purchasing chain? Click here to purchase The Payments Ecosystem collection.

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