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☆ The pandemic helped increase support for guaranteed income. Then came the backlash
▼ + stars: | 2024-07-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

While universal basic income provides money to everyone, guaranteed income may provide either targeted or universal support. The organization did not provide comment, but the Foundation for Government Accountability's research lays out the reasons for its opposition to guaranteed income programs. Once they have access to guaranteed income, that often allows them to figure out ways to increase what they earn, she said. "Folks who press arguments about guaranteed income creating dependency aren't looking at the fact that what guaranteed income is actually allowing participants to do is make good choices," Bogle said. 'The status quo isn't working'Many other guaranteed income program participants have seen life-changing improvements, particularly when it comes to their earnings capability.

Persons: Harish Patel, Patel, Austin, Mary Bogle, Bogle, Taniquewa Brewster, Winter Storm Uri, Brewster, Michael Tubbs, Harris, Rodney Ellis, Ken Paxton's Organizations: Economic Security, American, Getty Images, Foundation, Government, Solutions, Foundation for Government, Urban Institute, Austin, Winter Storm, Mayors, Democrats, Republicans, Houston . Houston Chronicle, hearst Newspapers, Getty, Hearst Newspapers Locations: Columbus , Ohio, Getty Images Idaho , Iowa, South Dakota, Arkansas, Austin , Texas, Austin, Harris, Texas, Houston .

☆ I lost my wallet. Here's what experts say I should do to protect my identity and money
▼ + stars: | 2024-07-08 | by ( Genna Contino | ) www.cnbc.com time to read: +3 min

Eventually, tired from my frantic searching, I accepted defeat and contacted the bank to lock my cards. After losing my wallet, I decided to ask a few sources what course of action I should take to protect my money and identity. I then made a list of everything that was in my wallet ... and that was the easy part. Soon after requesting a replacement debit card, Bank of America sent me a virtual one that I was able to add to my Apple wallet and use immediately. Other tips and tricks to manage a lost wallet

Persons: hadn't, I'm, Lee Baker, it's, you've, Baker Organizations: Westend61, CNBC, Metropolitan Transportation Authority, North, North Carolina DMV, Bank of America, Apex, CNBC's Locations: New York, New York City, North Carolina, Atlanta

☆ Amazon's Asian rival Shein wants to be supply chain giant, but some fear Chinese cyber spying inside global trade links
▼ + stars: | 2024-07-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +13 min

Shein logistics software is in beta testing with select supply chain customers, according to a person familiar with its plans. "Shein's software could provide unprecedented access to sensitive supply chain data, which the Chinese government could seize under its laws. This exposure poses a direct threat to U.S. supply chain integrity, making it vulnerable to exploitation and manipulation." Even with a headquarters based in Singapore, company supply chain data could be subject to seizure by the Chinese. Shein's fast rise to dominance Shein's dominance lies in the company's hyper-flexible supply chain, according to a recent report from supply chain intelligence firm Zero100.

Persons: Jade Gao, Shein, cybersecurity, Lee Kair, Kair, Dewardric McNeal, McNeal, Ram Ben Tzion, Ben Tzion, Department of Homeland Security's, Shein's, Srini Cherukuri, Chris Xu's, Zero100, Eric Fullerton, Project44 Organizations: Shein, Afp, Getty, Transportation Security Administration, U.S, Authentic Holdings, Simon Property Group, Longview Global, Obama administration's Department of Defense, CNBC, Standards Organization, Secretariat, IAF, Microsoft U.S, EU, Social, International, Uyghur Forced Labor, Department of Homeland, Border Patrol, New York, ITS Logistics, Logistics Locations: Guangzhou, China's Guangdong, Jade, China, U.S, Exiger, Shein, Asia, Singapore, Frankfurt, Germany, Xinjiang Province, Customs, York, United States

This week, a reader who realized marriage is a dealbreaker doesn't want to actually break the deal. AdvertisementDear For Love & Money,My boyfriend of nine years says he doesn't believe in marriage because his parents had an ugly divorce. But now we're nearly a decade in, talking about having kids, and I realize that getting married is a dealbreaker for me. AdvertisementThere are obviously tax advantages to getting married and financial disadvantages to having kids with someone who isn't your spouse. After all, if your authentic self wants to get married and his authentic self doesn't, what other options do you have?

Persons: —, They're, there's, you've, doesn't Organizations: Service

☆ GlobalFoundries races to find semiconductor talent as demand for chips soars
▼ + stars: | 2024-07-05 | by ( Kate Rogers | ) www.cnbc.com time to read: +5 min

The U.S. chips industry is expected face a shortage of 67,000 technicians, computer scientists and engineers by 2030, while the broader U.S. economy is set to have a gap of 1.4 million such workers, according to a 2023 study from the Semiconductor Industry Association. A wafer sorter inside the GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. The company creates chips for everyday products from electronics and phones to autos, in addition to components for space and defense. The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. Morgan Woods, 28, started out in Malta, New York, at GlobalFoundries' fab facility as a technician in 2021.

Persons: Cindy Schultz, Lockheed Martin, Pradheepa Raman, Raman, Morgan Woods, Woods, GlobalFoundries Organizations: Semiconductor Industry Association, Deloitte, Bloomberg, Getty, General Motors, Lockheed, CNBC, Workers, GM, U.S Locations: U.S, Malta , New York, New York, Vermont

☆ This bank just boosted its 1-year CD yield to more than 5%, even as traders await Fed rate cuts
▼ + stars: | 2024-07-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Marcus' yield hike places it in an exclusive group of financial institutions continuing to offer rates in the 5% range on deposits. Citizens Access and Capital One Financial each offer a 1-year CD that yields 5%, while Sallie Mae offers a 5.15% APY. Bread Financial is at the top of the heap, with an APY of 5.25% on a 1-year CD. Indeed, LendingClub recently slashed its 1-year CD APY to 4.2%, reflecting a cut of 95 basis points, Caintic found. For instance, investors may forfeit some interest if they "break" their CD ahead of maturity, which makes these funds less liquid compared to money market funds.

Persons: Marcus, Goldman Sachs, BTIG, Sallie Mae, Vincent Caintic, LendingClub, Caintic Organizations: Reserve, BTIG Locations: LendingClub

☆ How to make ice cream: Brands like Baskin Robbins and Tillamook learn the science behind nailing flavors
▼ + stars: | 2024-07-02 | by ( Amanda Hobor | ) edition.cnn.com time to read: +7 min

This is the place where the ice cream people go to learn about ice cream. I make ice cream at home with my countertop Cuisinart, testing out recipes and flavors. Ice cream confections made in a Penn State Ice Cream Short Course lab in January. Ice cream novelties are created during a freezing class taught by Ice Cream Equipment Specialists Evan Waldt (center), Penn State’s Ph.D. Amanda Hobor/CNNRoss Cohen, the CEO and co-owner of Sweet Cow, a Colorado ice cream company, said understanding the science behind ice cream matters.

Persons: CNN —, it’s, ”, Bob Roberts, Baskin Robbins, Ben, Jerry, Amanda Hobor, I’m, I’d, Evan Waldt, Penn, Terry Grove, CNN Ross Cohen, ” Dr, Bob, dulce, Penn State's, Cohen, Ruben Urrutia, who’s, — Organizations: CNN, Penn State University, Penn State, Employees, Penn, Cream, Food, Penn State's Dairy, CNN Berkey Creamery, NFL Locations: Tillamook, Hudsonville, Turkey Hill, Perry’s, Hershey, Penn, Sweet, Colorado, Penn State

The Amazon Prime Visa earns 5% back at Amazon and Whole Foods and offers 0% intro APR on select purchases. Earn an instant $200 by signing up for a new Amazon Prime Visa credit card by July 24. Cardholders with Amazon Prime membership earn 5% back on Amazon, Amazon Fresh, Whole Foods, and Chase Travel purchases, all without paying an annual fee. If you're an Amazon Prime member, your Prime Visa card benefits extend far beyond the initial bonus and 5% cash back. Cardholders without Amazon Prime membership earn 3% cash back on Amazon bonus categories: Amazon, Amazon Fresh, Whole Foods, and Chase Travel.

Persons: You'll, Chase, —, cardholders, you've, you'll, we've, Katherine Fan, Katherine, Guy, Nerdwallet, Fortune, Katherine moonlights, she's, She's Organizations: Amazon, Visa, Foods, Read, Chase Travel, Amazon.com, FDIC, Prime, Finance, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan

☆ These gay military veterans wonder what Biden’s new pardon means for them
▼ + stars: | 2024-06-30 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +12 min

The pardon won’t automatically change the record of convicted veterans, but it will allow them to apply for a certificate that will help them receive withheld benefits. “Our nation’s service members stand on the frontlines of freedom, and risk their lives in order to defend our country. Despite their courage and great sacrifice, thousands of LGBTQI+ service members were forced out of the military because of their sexual orientation or gender identity,” Biden said. A service member’s discharge status can determine what Veterans Affairs benefits they are eligible for. To get their records changed under the pardon, veterans will need to complete an online application, which will go to their military service department.

Persons: Mona McGuire, Karla Lehmann, “, ” McGuire, McGuire, ”, Lehmann, Joe Biden, Biden, ‘ What’s, ’ ” Lehmann, Biden’s, ” Biden, Christie Bhageloe, Bhageloe, Don’t, Ruth Castro, ’ McGuire, “ I’m, I’m, …, ’, I’ve, ” “, America’s Organizations: CNN, US Army, Army, Milwaukee Police Department, Michigan State Police, Armed Forces, Military, Department of Justice, Veterans, Department of Defense, Defense Department, Affairs, Pentagon, Department, 164th Military Police Company, Army Board for, Military Records, Department of Locations: West Germany, Milwaukee, Mineola , Texas, Wisconsin

☆ Meet the 40-year-old freshmen: Millennials explain why going back to college is worth it for their paychecks and career — and why they might get more out of it than their Gen Z peers
▼ + stars: | 2024-06-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

These include insufficient money to pay for college right out of high school and, "especially for women, family constraints." "What happens when people have kids right after high school that would keep them from going to college? After graduating from high school, Jones briefly enrolled in some English courses at a university but dropped out, saying he didn't have a focused mindset at the time. I haven't dealt with who I am or where I am in life," Jones told BI. According to a recent report from Gallup and the Lumina Foundation on the state of higher education in 2024, "adults' interest in pursuing some form of higher education is at the highest level" the organizations ever recorded.

Persons: Laura Rodgers, Rodgers, she's, I'm, Laura Rodgers Rodgers, she'll, Pauline Corblet, New York University Abu Dhabi, Corblet, it's, Alexander Jones, Jones, wasn't, Alexander Jones Jones, didn't, Josh Becker, He's, Becker, Matt, Matt —, — Organizations: Service, Business, National Center for Education Statistics, National Bureau of Economic Research, New York University, Deloitte, Gallup, Lumina Foundation Locations: New York University Abu

CNN —President Joe Biden is expected to pardon US veterans who were convicted by the military over a 60-year period under a military law that banned gay sex, three US officials told CNN. The granting of pardons won’t automatically change convicted veterans’ records but allows those impacted to apply for a certificate of pardon that will help them receive withheld benefits. A service member’s discharge status can determine what kind of Veterans Affairs benefits they are eligible for. “For decades, our LGBTQ+ service members were forced to hide or were prevented from serving altogether,” Defense Secretary Lloyd Austin said at the time. If a certificate of pardon is issued, the service member will then have to apply to their respective military department’s board of corrections to have their military records corrected.

Persons: Joe Biden, won’t, Don’t, ”, Lloyd Austin Organizations: CNN, Military, Veterans Affairs, Pentagon, ”, Department

☆ A millennial who switched from working on oil rigs to wind turbines says he's been promoted faster in renewable energy
▼ + stars: | 2024-06-25 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

He completed several years of training before heading off to work on offshore oil rigs. Moray West Offshore Wind Farm – Ocean WindsHe made the jump at a good time. Moray West Offshore Wind Farm — Ocean Winds. Mitchell said he'd been able to advance his career in the wind industry a lot faster than in oil and gas. "With offshore wind, there's always new sites going up, and they need so much personnel.

Persons: Shaun Mitchell, Halliburton, Shaun Mitchell wasn't, Mitchell, You'd, you'd, Vestas, Engie that's, He's, it's, he'd, It's Organizations: Service, Halliburton, North East Scotland College, Bloomberg, EDP Renewables, Engie Locations: Scotland, Thailand , New Zealand, Australia, Sydney, Aberdeen, Aberdeen Bay, Moray, Scotland —, China, Britain, Brazil, Colombia, Egypt, India, Japan, Kenya, South Korea, Vestas

☆ This résumé got a product manager a $350,000 job at Google and his past roles at Meta, Visa, and PayPal
▼ + stars: | 2024-06-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

He shifted to work as a software engineer at Yahoo in 2011, where he first saw a product manager in action and was inspired to take up the role down the line. In 2018, he joined Visa as a data platform product manager. Over the next five years, Lin worked at PayPal and then Google, where he is a senior product manager. Related storiesThis is the résumé that landed Lin his roles at Meta, Visa, and PayPal, and, in 2022, a $350,000 annual pay package at Google. Lin is now a senior product manager at Google's San Francisco office.

Persons: —, Yun, Yu Lin, Lin, Yung, I'm, it's, résumé Organizations: Service, Yahoo, Business, University of Southern, Meta, Visa, PayPal, Google, Surplus Technology, Google's San Locations: Taiwan, University of Southern California, Google's San Francisco

☆ The fastest-growing career in the US is in wind power. Here's what employees make, what it's like, and how to land a job.
▼ + stars: | 2024-06-24 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

Federal data indicates wind-turbine technician is the fastest-growing job in the US. He started as an intern in 2017 before becoming a wind technician and then advancing over the past seven years. Federal data indicates wind-turbine technician is the fastest-growing job in the US, alongside nurse practitioner. Offshore wind technicians can expect to earn an extra 30% to 40% compared to onshore workers. Wind technicians in the early stages of their careers might do scheduled maintenance and cleaning.

Persons: —, Dakota Carter, I've, Carter, Jerry Jones, Harry Willats, Willats, It's Organizations: Service, EDP Renewables, Renewables, Bureau of Labor Statistics, Industry, International Energy Agency, Darwin Recruitment, Siemens Gamesa, GE, Robert Morris University in, EDP, Technicians Locations: Delavan , Illinois, America, Australia, Brazil, China, Colombia, Egypt, India, Japan, Kenya, South Korea, Illinois, Texas, New Mexico , Kansas, Colorado, New York, Massachusetts, Robert Morris University in Illinois

☆ He's sworn by the same résumé format for the past 9 years. In 2022, it landed him a $350,000 job at Google — check it out.
▼ + stars: | 2024-06-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

In 2018, he joined Visa as a data platform product manager. Over the next five years, Lin worked at PayPal and then Google, where he is a senior product manager. Related storiesThis is the résumé that landed Lin his roles at Meta, Visa, and PayPal, and, in 2022, a $350,000 annual pay package at Google. "Tier one is about 20 to 30 different positions that I really, really want," Lin said. Lin is now a senior product manager at Google's San Francisco office.

☆ ‘My vision went dark’: CNN reporter experiences 6G-force before hitching a fighter jet ride
▼ + stars: | 2024-06-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +11 min

Four South Korean F-4 fighter jets fly in formation on May 8, 2024, during a commemorative final flight of the aircraft. That test would come a few weeks before the F-4 flight at a South Korean Air Force medical facility south of Seoul. Lendon in the back seat of a South Korean F-4 Phantom flying over southern South Korea on May 8, 2024. South Korean Air Force F-4s flying in formation with two KF-21 fighter jet prototypes over southern South Korea on May 8, 2024. A total of 120 are expected to be delivered to the South Korean Air Force by 2030, and the jet is expected to be exportable.

Persons: Douglas, Lendon, –, didn’t, I’m, It’s, Neil Armstrong, John Glenn, I’d, don’t, South Korea Brad Lendon, Daegu –, vomited, “, ”, wouldn’t Organizations: South Korea CNN —, South Korean Air Force, US Navy, CNN, US Navy Blue Angels, US Air Force Thunderbirds, hometown Cleveland National Air, South, McDonnell, US, Korean, Wright, Daegu Air Base, Daegu, General, KF, Korean Air Force, South Korean Air Force Korea Aerospace Industries, Phantoms, Boeing, South Korean Airforce, Suwon Air Base Locations: Suwon, South Korea, Midway, Japan, Vietnam, North Korea, Seoul, Greece, Turkey, Iran, Daegu, Ohio, Korean, South Korean

☆ Opinion | What Donald Trump Talks About When He Talks About ‘Donald Trump’
▼ + stars: | 2024-06-20 | by ( John Mcwhorter | ) www.nytimes.com time to read: +2 min

For linguists, however, it also offers a rare side-by-side comparison of the way the candidates speak. You don’t have to follow politics to know that Joe Biden and Donald Trump have extraordinarily different verbal styles. Still, it’s possible to draw connections between Trump’s verbal mannerisms and other speech patterns in the world at large. In Mandarin, one might use the term “little person” rather than “I,” as if humbling oneself both linguistically and physically. The Anglophone version of this is the colloquial way we can refer to ourselves in the third person: “Who just got a raise?

Persons: Joe Biden, Donald Trump, Barack Obama, “ Trump, ”, Donald Trump ”, Trump, “ Organizations: ”

☆ Millennials are losing their cool
▼ + stars: | 2024-06-19 | by ( Emily Stewart | ) www.businessinsider.com time to read: +16 min

Millennials may not be there yet on pants, or at least that's what I, as a millennial, tell myself. The internet is fueling the millennials vs. Gen Z discourse, but underlying it is something deeper: millennials raging against the dying of the light. "It's really beneficial for brands that at least the online discourse has millennials looking to Gen Z for trends. The nature of internet culture, much of which was created by millennials, puts a unique bent on the discourse and how creators and influencers address millennials. Gen Z, be nice to your friendly millennial next door, and vice versa.

Persons: we're, We're, Valeria Penttinen, Julie Erickson, —, Erickson, Michael Miraflor, Hannah Grey, Justin Timberlake's, Claire Tassin, Jean Twenge, Gen X, Silents, they're, X, It's, Penttinen, millennials, Harley Block, Joel Steckel, I'm, that's, Devon Price, Price, Twenge, it's, Miraflor, Gwen Stefani, Martha Stewart, Alpha, Gen, They'll Organizations: Northern Illinois University, Morning, New York University, Starbucks, Loyola University Chicago's School, Professional Studies, Sports Illustrated Locations: Toronto, America

☆ Kenya confronts trail of rape accusations and abandoned children against UK soldiers
▼ + stars: | 2024-06-17 | by ( Larry Madowo | ) edition.cnn.com time to read: +11 min

Marian is among a group of mixed-race children whose mothers say they were conceived after rape by British soldiers training in Kenya. Mixed-race children continue to be born in the remote villages where the British Army trains its soldiers in Kenya. One of the more contentious accusations against British soldiers involves the case of Agnes Wanjiru. Allegations of rape and other crimes, including murder, by British soldiers deployed there date back to the 1950s. The UK investigators did not conduct DNA tests on any of the 69 mixed-race children alleged to have been born from rape by British soldiers.

Persons: Marian Pannalossy, “, ”, You’re, ’ ” Marian, Marian, Lydia Juma, ” Juma, ’ Marian, ’, Generica, Nicole, Namoru, Festo Lang, CNN Juma, BATUK, Agnes Wanjiru, hasn’t, Wanjiru’s, King, Marian Mutugi, Martyn Day, Ntoyie Lenkanan, CNN “, Saitet, nosedived, Kelvin Kubai, ” Kubai, Generica Namoru, “ I’m, It’s, “ It’s, We’re, ” Mutugi Organizations: Kenya CNN, CNN, British Army, British Army Training Unit, Defense, Intelligence, Foreign Relations, National, British, Kenyan, British High Commission, The Defense, Kenya National Commission, Human Rights, Britain’s Ministry of Defense, Royal Military Police, Reconciliation, Human Rights Commission Locations: Archer’s, Kenya, Archer’s Post, Nairobi, British, Samburu, Nanyuki, Britain, East, Laikipia, London, DolDol

☆ I used to judge my daughter for not folding the laundry. Then I realized there was a heartwarming reason why.
▼ + stars: | 2024-06-15 | by ( Margery Berger | ) www.businessinsider.com time to read: +5 min

I think my kids should do their dishes immediately after eating, fold their laundry, and make their beds — because that's what I do. I don't make it for them, but I do often empty their overflowing bathroom wastebasket when I visit them. When my daughter Ali brought my future son-in-law Chrix home to meet me for the first time, he learned just how helpful I am. I love visiting my daughter's familyThey married five years ago and have two daughters, now 3-years-old and 18 months. A few weeks ago, when I was staying with them, my daughter said, "Mommy, stop folding the clothes."

Persons: I've, Ali, Chrix, Noa vacuuming, Noa, it's Organizations: Service, Florida Power Locations: Seattle, Miami, United States

☆ Giant Loophole May Protect Trump Liquor Licenses Despite His Felonies
▼ + stars: | 2024-06-13 | by ( Laura Italiano | Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +5 min

New Jersey officials revealed this week that they are looking at the licenses at his three golf courses there. AdvertisementThese states prohibit felons or people convicted of "moral" offenses such as fraud from holding a liquor license. Say Trump is landlord to the bar operators at one of these properties, and it's the bar operators who hold the liquor license, Pierce said. If Trump is charging the bar a flat rent, his felony status won't impact that liquor license. Trump would still have options, though, even if his hush-money conviction voided one or more of his liquor licenses.

Persons: —, Donald Trump, William Fay, Fay, he's, Aaron H, Pierce, Trump, Kwok Organizations: Service, Trump, New, New Jersey Attorney, Business, ABC Locations: ., Jersey, Colts Neck, Bedminster, Pine Hill, New Jersey, New Jersey , New York , Florida, California, United States, Manhattan, New York

☆ With signs of an M&A comeback, Goldman Sachs' bankers are raring to win. Do they still have what it takes following a raft of partner exits?
▼ + stars: | 2024-06-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +13 min

AdvertisementDavid Solomon Goldman SachsPressure-cooker cultureWith signs suggesting mergers and acquisitions could soon return — including the megadeals Goldman specializes in — the firm's dealmakers are itching to end 2024 on a high note. In M&A, Goldman has fallen to No. AdvertisementMark Sorrell Goldman SachsGoldman is also seeking to become more interconnected across its business lines via the One Goldman Sachs program. "They figure that if they're talking to one person at Goldman Sachs, they're talking to everybody." The result, bankers said, is an M&A machine built to withstand threats like star dealmakers leaving for more-nimble rivals.

Persons: —, Goldman Sachs, Bill Quinn, Goldman, Jacki Zehner, Rishi Bali, Hank Paulson, John Thornton, John Thain, David Solomon, Solomon, Dan Dees, What's, David Solomon Goldman Sachs, Gene Sykes, Alison, It's, LSEG, dealmaking, Goldman dealmakers, Momo Takahashi, We've, Mark Sorrell, Mark Sorrell Goldman Sachs Goldman, Sykes, they're, Sorrell, Dees, it's, Dan Dees Goldman Sachs, we're, John Waldron, Kim Posnett, that's, Timothy Ingrassia, Ingrassia, Stephan Feldgoise, I'm, Reed Alexander Organizations: Service, Business, Goldman, JPMorgan, playbook Bank, Wall Street, Competition, & $ Locations: Silicon Valley, London, New York City, Latin America

☆ Sallie Mae hikes yield on 1-year CDs as Fed stays in rate policy holding pattern
▼ + stars: | 2024-06-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Last week, Sallie Mae boosted the annual percentage yield for its 12-month CD by 10 basis points, or 0.10% week over week, to 5.15%. Certificate of deposit rates have come a long way since the Fed started raising interest rates in March 2022. The average online bank APY has gone up by 4.14 percentage points to 4.79% since then, Wells Fargo analyst Michael Kaye said in a note Friday. Since banks generally follow the fed funds rate, interest rates on CDs and savings accounts are expected to fall in turn. "Broadly we still expect online bank deposit rates to decline," BTIG's Caintic said.

Persons: Sallie Mae, we're, Vincent Caintic, Wells Fargo, Sallie Mae's, APY, Wells, Michael Kaye, BTIG's Caintic, Morgan Stanley, BOK Organizations: Federal Reserve, Fed, New York Community Bancorp, Federal Deposit Insurance Corp, FDIC, Bank, Bank of America Locations: Wells, Wells Fargo, company's

Millions around the world caught a glimpse of the North Korean men’s team in two World Cups. The secrecy surrounding the North Korean national team was also evident in the case of star player Han Kwang Song. Carl Recine/Action Images/ReutersEarning respectWhen An joined the North Korean national team upon receiving a call-up letter in 2002, he remembers not being immediately accepted by teammates. To be accepted by the squad, newcomer An had to prove himself to the other North Korean players. Although, as fate would have it, An met his former teammate and current manager of the North Korean national team, Sin Yong Nam, last March.

Persons: –, Yong Hak, Han Kwang, Han, “, ”, Yong, Son Heung, Pak Kwang, Choe, I’ll, ” Han, Yong Nam, ‘ It’s, ’ ”, “ Han’s, ‘, …, Kim Jong Hun, Jong Tae, Philip Fong, Kim, Jong Tae Se, Carl Recine, didn’t, Sin Yong Nam, Sin Organizations: CNN, Korean men’s, CNN Sport, North, Korean, Juventus, Qatari, Al, UN, North Korean, –, SC, Cagliari, South, Tottenham Hotspur, Radio Free Asia, Tokyo's, Getty, Portugal, DPRK, Thailand Locations: North Korea’s, East, Italy, Middlesbrough, England, South Africa, Portugal, North Korean, Japan, Qatar, North Korea, Myanmar, China, Pyongyang, South Korea, Austria, Tokyo, DPRK, Brazil, Ivory Coast, Korean, AFP, Korea

☆ Children of ISIS fighters coming of age in detention ask what they’re being punished for
▼ + stars: | 2024-06-11 | by ( Brent Swails | Clarissa Ward | ) edition.cnn.com time to read: +15 min

Northeastern Syria CNN —He had had visitors just once before, years ago when he first arrived in prison at 14. According to Amnesty, the estimated 30,000 children currently held in at least 27 detention facilities and two detention camps – Al-Hol and Al-Roj – in northeastern Syria represent the highest concentration of children arbitrarily detained and deprived of their freedom anywhere in the world. CNN was granted extremely rare access inside detention camps and facilities for suspected ISIS fighters and their family members, including Panorama prison. ‘A breeding ground for the next generation of ISIS’At Al-Hol, a sprawling detention camp of faded tents, rusted barbed wire and wind-swept earth, the scale of the problem reveals itself. Hoda Muthana holds hands with her 7-year-old son at the Al-Roj detention camp in northeastern Syria.

Persons: Northeastern Syria CNN —, Stefan Uterloo, Uterloo, ” Uterloo, It’s, We’ve, ”, Roj, Mazloum Abdi, ” Mazloum, Erik Kurilla, Mike Pratt, Hol, Ní, Ní Aoláin, “, you’ve, it’s, Shamil Chakar, doesn’t, ” Shamil, ‘, Brandy Salman, Hoda, She’s, Muthana, Trump, Hoda Muthana, Christina Jump, Scott McWhinnie, Oscar Featherstone, Augusta Anthony , Lou Robinson, Sarah Tilotta, Eliza Mackintosh, Laura Smith Organizations: Northeastern, Northeastern Syria CNN, American, CNN, ISIS, Syrian Democratic Forces, Panorama, Amnesty, United Nations, SDF, UN, US military’s, Command, US, Boys, Twitter, State Department Locations: Northeastern Syria, United States, Suriname, Dutch, South America, Syria, Kurdish, Iraq, Hol, Al, Panorama, Baghouz, Cologne, Germany, Minnesota, American, Alabama, US

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