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Step, a mobile banking platform geared toward teen customers, announced Wednesday that users may now earn 5.00% annually on savings balances of up to $250,000. View Full Details Start banking Step, FDIC Insured AccountStep - Banking for Teens Start banking Step, FDIC Insured Account Details Rewards Earn rewards by using a Step Visa Card at qualifying merchants — restaurants, clothing stores, gas stations, and more. Annual Fee $0 Recommended Credit No Credit Regular Annual Percentage Rate (APR) None Editor's Rating 4.2 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.2 out of 5 Stars Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Other savings account optionsIf you do not qualify to earn 5.00% at Step or want to consider other options, here are some accounts from our best savings account guide that you might like:Alliant Kids Savings Account: This is listed as our top pick for kids. Once a child turns 13, they'll be able to open a teen checking account; the Alliant Kids Savings Account can remain as their savings account.

☆ Preaching Tolerance Abroad, as Hatred Surges at Home
▼ + stars: | 2023-05-18 | by ( Elizabeth Williamson | ) www.nytimes.com time to read: +1 min

A year ago, Deborah Lipstadt, newly confirmed as the U.S. special envoy to monitor and combat antisemitism, attended a White House reception and reintroduced herself to President Biden as he passed by. “I know who you are,” Dr. Lipstadt recalled the president telling her. “And you have a big job.”Mr. Biden was right, but for reasons neither of them fully imagined. “My predecessors could go to countries and say, ‘You have a problem, and we take this seriously, and you should take it seriously.’ I can’t do that. I have to go and say, ‘We have a problem.’”

☆ A stock trader who's returned 2,700% since late-2020 details the chart pattern he uses to rapidly trade risky small caps
▼ + stars: | 2023-05-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Eduardo Briceno uses a few strategies to trade risky small-cap stocks. Eduardo Briceno had always wanted to take up a career in finance or work in the stock market as a broker. He started day trading full-time in 2017 after moving to the US from Venezuela. There aren't as many institutions that trade penny and small-cap stocks regularly compared to larger names, Sykes said. Although the framework is created for penny stocks, Briceno uses it to trade some small caps because he has observed a similar pattern play out within this category.

☆ Elon Musk claims George Soros ‘hates humanity.’ The ADL says Musk’s attacks ‘will embolden extremists’
▼ + stars: | 2023-05-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

While Musk’s remarks don’t mention the billionaire philanthropist’s ethnicity, Musk was criticized for dangerous rhetoric that could potentially fuel further attacks on Soros. When a Twitter user defended Soros as having good intentions which are criticized by those who disagree with his politics, Musk responded, “You assume they are good intentions. Attacks on Soros have increased in recent years alongside a broader increase in incidents of antisemitic attacks. Studies by the ADL and the Center for Countering Digital Hate found that the volume of hate speech on Twitter has grown dramatically under Musk’s stewardship. He most recently sold 22 million shares in December.

☆ India's WPI falls for first time in 3 years in April
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies April WPI falls 0.92% on year vs 1.34% rise in MarchApril food WPI up 0.17% vs 2.32% in MarchWPI easing for the last 11 monthsNEW DELHI, May 15 (Reuters) - India's annual wholesale price index (WPI) fell for the first time in nearly three years in April, as prices softened across the board. WPI (INWPI=ECI) fell by 0.92% from the same month a year earlier, having risen 1.34% in March. "High base effect and falling commodity prices will lend downward pressure on WPI inflation this year," said Madan Sabnavis, an economist at Bank of Baroda. WPI has been easing for the last 11 months from the 20-year highs of 16.63% recorded in May 2022. Data released on Friday showed India's annual retail inflation eased to an 18-month low in April, staying well below the Reserve Bank of India's (RBI) upper tolerance limit for the second consecutive month.

☆ A 22-year-old making $144,000 from 2 full-time remote jobs explains why he's willing to take the risk — and shares 5 strategies for getting away with it
▼ + stars: | 2023-05-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

A 22-year-old began working two full-time remote jobs in 2021. In November of 2021, he started a second full-time remote software engineering role. While juggling two roles can be stressful at times — like when he has overlapping meetings or receives unexpected work — Jason said that in some ways, his working arrangement reduces his stress. The desk in his apartment where Jason usually works Jason5 strategies to work two remote jobs and get away with itJason said he uses five different strategies to juggle both jobs and not get caught. Why he's not worried about an overemployment crackdownSince taking on two full-time remote jobs, Jason said he has immersed himself in the "overemployed community" online — the r/Overemployed subreddit has 176,000 members.

☆ Lawsuit alleges that social media companies promoted White supremacist propaganda that led to radicalization of Buffalo mass shooter
▼ + stars: | 2023-05-14 | by ( Zenebou Sylla Artemis Moshtaghian | Zenebou Sylla | Artemis Moshtaghian | ) edition.cnn.com time to read: +11 min

New York CNN —A wrongful death lawsuit filed against several social media companies Friday alleges that social media lent to the radicalization of the gunman who shot and killed 10 people at a grocery store in Buffalo, New York, last May. “However, the social media platforms that radicalized him, and the companies that armed him, must still be held accountable for their actions. Speaking to CNN Sunday, Buffalo Mayor Byron Brown commended some of the victims’ families and survivors for tackling extremism on social media platforms. We deliberately designed Snapchat differently than traditional social media platforms and don’t allow unvetted content to go viral or be algorithmically promoted. The lawsuit alleges that social media platforms “Meta, Alphabet, Reddit and 4chan earned advertising revenue from hosting and amplifying” Gendron’s video on their platforms.

☆ The app designed to help asylum-seekers has inadvertently separated families as Title 42 expires, advocates say
▼ + stars: | 2023-05-13 | by ( Azmi Haroun | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

On Friday, restrictive immigration policy Title 42 expired after being imposed in March 2020. Asylum seekers have been asked to make appointments to apply for asylum through a new app. But the slots are limited, the app is glitchy, and it is causing family separations, advocates say. Friday marked the official end of Title 42, a public health measure imposed by the Trump administration in March 2020. "It has forced families to make really hard choices when the whole group can't get the appointment together," Gonzalez told Insider.

☆ The Great Resignation is giving way to the 'Big Stay' as job-hopping slows down
▼ + stars: | 2023-05-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

It may be accurate to say the quitting situation is evolving into the "Big Stay," per ADP's chief economist. "The Big Quit of 2022 could be easing into the Big Stay of 2023," Richardson wrote in her recent commentary. "A year later, all three of these dynamics are abating, and the great resignation itself is looking like a thing of the past." Pollak said that "to the extent that there is a big stay, it is not taking place across the economy." Even if the Great Resignation might not be prevalent in all areas of the economy right now, it could emerge again.

☆ Changing your portfolio to beat the ‘looming recession boogeyman’ is a mistake, advisor says
▼ + stars: | 2023-05-12 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Bryan Allen | Getty ImagesThe threat of a recession has weighed heavily on many investors' minds amid higher interest rates, banking turmoil and layoffs. Some two-thirds of Americans believe the country is approaching a recession or already in one. "Trying to constantly reorient your portfolio to beat a looming recession boogeyman or whatever crisis of the day is a mistake," said certified financial planner Amy Hubble, principal investment advisor at Radix Financial in Oklahoma City. "So by the time we have the data to prove a recession, the markets are looking beyond." "They're buying good companies at good values and they're investing for the long term."

Notably, Trump refused to plant a flag in the sand on a potential federal abortion ban. Trump is vague on federal abortion banTrump repeatedly ducked questions about whether he would sign into law a federal abortion ban, as well as after how many weeks into a pregnancy abortion should be made illegal. He touted the Supreme Court’s decision last year to overturn Roe v. Wade’s federal abortion rights as “such a great victory” – and one made possible by his appointment of three conservative justices. But Trump also recognized splits within the GOP over whether to impose a federal abortion ban, and what the conditions of such a ban should be. “We now have a great negotiating ability, and I think we’re going to be able to get something done,” Trump said.

☆ India inflation likely hit 18-month low in April - Reuters poll
▼ + stars: | 2023-05-10 | by ( Madhumita Gokhale | ) www.reuters.com time to read: +2 min

Predictions ranged from 4.40% to 5.80%, with respondents expecting inflation to remain below the RBI's 6.00% upper tolerance limit for the second consecutive month. "Food inflation was a mixed bag on the month, with cereals and vegetables easing, whilst pulses and milk rose. "With inflation off the boil besides core (inflation), the RBI is likely to remain on an extended pause." However, inflation was expected to remain well above the RBI's medium-term target of 4.0% in the coming quarters, according to a separate poll. The survey also showed wholesale price inflation (INWPI=ECI), which measures the change in producer prices, is likely to have fallen to -0.20% last month compared to a year ago.

☆ Ron DeSantis was advised to write 'LIKABLE' at the top of his notepad as a reminder to himself to not get aggressive, old 2018 debate prep video shows
▼ + stars: | 2023-05-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Ron DeSantis was advised to write 'LIKABLE' on his notepad before a 2018 debate. An advisor told DeSantis to tone down his aggressiveness in a debate prep video obtained by ABC News. "You have to write in all caps at the top of the pad, 'LIKABLE,'" the advisor off camera said. Ron DeSantis was advised by an aide to find ways to stay "likable" and tone down his aggressiveness while speaking in debates. According to ABC News, the advisor later told DeSantis: "You want to have that likable, dismissive tone, and not condescending."

When my car salesperson learned I was paying with cash, they tried to change my mind. After speaking with my financial advisor and accountant, it was clear that I was looking to buy a used car outright, in cash. My car salesperson wasn't enthusiastic about it, but I knew what I wantedYou know that old saying, "cash is king?" Or so used car salespeople would have me believe. Still, it felt good to say that I was paying cash and politely decline financing options.

☆ Warren Buffett's advice for avoiding major mistakes: 'Write your obituary and figure out how to live up to it'
▼ + stars: | 2023-05-08 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

"You should write your obituary and figure out how to live up to it," he said. In his annual letter to shareholders this year , Buffett posited that much of his firm's success resulted from his and his colleagues' avoidance of " major mistakes ." When asked at Saturday's meeting how to avoid such mistakes in investing and in life, Buffett offered a thoughtful response. When it comes to your money, Buffett says the kind of mistakes that can hurt you are the ones that could shake up your financial plans and goals. By eschewing debt, Buffett says, you avoid putting yourself at a mathematical disadvantage with your money.

☆ Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows
▼ + stars: | 2023-05-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

"Banks reported expecting to tighten standards across all loan categories," the report said. At the same time, the survey showed that demand weakened across most categories. In particular, the report showed "tighter standards and weaker demand" for commercial and industrial loans, an important bellwether for economic growth. Also, the report showed the same conditions across commercial real estate categories. Even with the banking troubles, the central bank last week decided to raise interest rates for the 10th time since March 2022.

☆ Independent Sen. Kyrsten Sinema, who left the Democratic Party last year, says she's 'absolutely' done with parties and won't join the GOP: 'You don't go from one broken party to another'
▼ + stars: | 2023-05-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Kyrsten Sinema told CBS News she's "absolutely" done with political parties and won't join the GOP. She left the Democratic Party last year and became an Independent before a potential reelection bid. "It's okay not to agree a hundred percent with another," the Arizona senator told Margaret Brennan. There was less willingness for individuals to have their own opinions to make their own decisions," Sinema told Brennan. I mean, I just, I'm laughing because I literally just spent time explaining how broken the two parties are," Sinema replied.

☆ UK police face backlash over handling of anti-monarchy protests during coronation
▼ + stars: | 2023-05-07 | by ( Sophie Tanno | ) edition.cnn.com time to read: +4 min

It comes after the much-maligned Metropolitan Police force faced criticism for what many said was a heavy-handed approach toward demonstrators. Frazer said the police were tasked with balancing people’s right to protest with overseeing an international event on the world stage. Anti-monarchy protesters demonstrate near the procession route for Britain's King Charles III coronation in London on Saturday. Republic, Britain’s largest anti-monarchy group, told CNN Saturday that police – without providing any reason – arrested organizers of the anti-monarchy protest. A member of the public attends a "Rally For A Republic - Not My King" anti-monarchy rally on Calton Hill in Edinburgh on Saturday.

☆ Anti-monarchists released from custody after King Charles' coronation
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +3 min

JUSTIN TALLIS/Pool via REUTERSLONDON, May 7 (Reuters) - The leader of anti-monarchy group Republic and other members were released from custody after hours of detention during Saturday's coronation of King Charles that raised questions over whether the police response had been proportionate. Republic said that detained members began to be released late on Saturday evening, after nearly 16 hours in custody. Tens of thousands of people turned out to catch a glimpse of the newly crowned King Charles and Queen Camilla, who rode in a state coach back to Buckingham Palace after Saturday's service at Westminster Abbey. Not everyone who came to watch was there to cheer Charles, with hundreds of republicans booing and waving banners reading "Not My King". "I think overall (the police) managed to get that balance right," Frazer told Sky News.

☆ Lululemon, cult athleisure brand, takes on the booming culture of 'dupes'
▼ + stars: | 2023-05-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

This weekend, athleisure giant lululemon is hosting a dupe swap at the Century City Mall in Los Angeles. Call it recession-core or Gen Z’s anti-consumerism sentiments, but #dupe has amassed more than 3.5 billion views on TikTok. Before, finding knock offs was a lowkey way to way to find affinity to a luxury brand. Lulu has been “hyper aware” of dupe culture, its Chief Brand Officer Nikki Neuburger said in an interview with CNN Business. Though lululemon may be leading in dupe hashtags on TikTok, the Align line that began in 2015 remains its top seller, the company said.

London CNN —Several anti-monarchy protesters were arrested in central London ahead of the coronation of King Charles III on Saturday, their group has said, as the Metropolitan Police force faces scrutiny for its approach toward demonstrators at the historic event. Thousands gathered in central London on Saturday to celebrate the once-in-a-generation event. But it also drew demonstrators, with protesters wearing yellow T-shirts booing and shouting “Not My King” throughout the morning. Republic, Britain’s largest anti-monarchy group, told CNN that police – without providing any reason – arrested organizers of the anti-monarchy protest. There are also plans for facial recognition technology to be used in central London, which has sparked criticism from human rights groups.

☆ Police arrest republican leader ahead of King Charles' coronation
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +1 min

LONDON, May 6 (Reuters) - British police arrested Graham Smith, leader of anti-monarchy group Republic, and a number of other individuals as part of what they called "a significant police operation" ahead of King Charles' coronation on Saturday. A photo posted on Twitter showed Smith sitting on the ground surrounded by a group of police officers. An officer at the scene near Trafalgar Square said three republican protesters had been arrested for carrying paint. A Reuters photographer said a number of protesters from the Just Stop Oil environmental group were also arrested. Rowley had said police would take action if protesters tried to "obstruct the enjoyment and celebration" of a significant number of people.

☆ India working to rein in inflation- finance minister
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: 1 min

NEW DELHI, May 6 (Reuters) - Inflation in India is slightly above the "tolerance limit", and the government is taking steps to control it, Indian Finance Minister Nirmala Sitharaman said on Saturday. "Because we took a very calibrated approach, today we have an inflation which is slightly above the tolerance limit, but which is constantly being worked at so it can be brought down," she said. India's annual retail inflation for March rose at the slowest pace in nearly 15 months and was below the central bank's upper tolerance level for the first time this year, on the back of softer food prices. Reporting by Nidhi Verma and P JayshreeOur Standards: The Thomson Reuters Trust Principles.

☆ DeSantis collects wins as Florida Legislature caps whirlwind session, teeing up possible White House bid
▼ + stars: | 2023-05-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +10 min

Florida Governor Ron DeSantis speaks during a conference titled "Celebrate the Faces of Israel" at Jerusalem's Museum of Tolerance, on April 27, 2023. Measures like the restrictive abortion law DeSantis signed could help him in a GOP primary, but may reduce his appeal in a general election. Lawmakers have also passed multiple measures that could help clear DeSantis' path to the White House, if and when he decides to run. "The entire session was focused on Governor DeSantis' run for president," said Jim Clark, a University of Central Florida senior lecturer and political commentator, in an interview. On top of those issues, DeSantis in March waded into the "school choice" debate by signing a bill expanding Florida's school voucher system.

☆ Analysts warn regional banks stocks are in a 'negative feedback loop' and detached from fundamentals
▼ + stars: | 2023-05-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The latest drop for regional bank shares is causing some Wall Street analysts to back away from their recommendations on the stocks, even if they still believe in the underlying fundamentals for the companies. Other regional banks also sold off, including a 19% drop for Western Alliance. The deposit update was not enough to reassure all Wall Street analysts about the health of regional banks, and there is concern that the drops in the stocks could reignite deposit flight. Meanwhile, RBC Capital Markets' analyst Jon Arfstrom stuck with his outperform rating on PacWest, but said only investors with strong stomachs should stick around. Western Alliance Another bank stock that has taken heavy loses in recent weeks is Western Alliance .

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