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Typical spiders — and most creatures — tend to find the noise and wind disturbance from nearby busy roads to be too stressful, but the Jorō spider doesn’t seem to mind much, according to a new study published in Arthropoda on February 13. University of Georgia ecology students and study coauthors Kade Stewart, Caitlin Phelan and Alexa Schultz handle a Jorō spider. What to do when you come across a Jorō spiderAs the nonnative Jorō spider continues to spread in the region, the spiders pose a threat to native species that are beneficial to the environment. While conducting the study, the researchers found evidence of the Jorō spiders coexisting with native spiders, Davis said. And the Jorō spiders eat species that are good and bad for the environment, including the infamous lantern fly, he added.
Persons: , Andy Davis, Kade Stewart, Caitlin Phelan, Alexa Schultz, Davis, Floyd Shockley, Shockley, ” Shockley, , They’re, they’re Organizations: CNN, University of Georgia’s Odum, of Ecology, University of Georgia, Entomology, Smithsonian National Museum of Locations: United States, Arthropoda, Washington ,
Companies like Qualcomm and MediaTek have launched smartphone chipsets that enable the processing power required for AI applications. Large language models are huge AI models trained on vast amounts of data that underpin applications like the widely popular chatbots. The other big part of the AI smartphone puzzle is the term "on-device AI." Previously, many AI applications on devices were actually partly processed in the cloud, then downloaded onto the phone. Smartphone makers say on-device AI improves the security of gear, unlocks new applications and also makes them faster, since the processing is done on the handset.
Persons: SeongJoon Cho, OpenAI's ChatGPT, Bryan Ma, Ma, Ben Wood, Wood Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Mobile World Congress, MWC, IDC, CNBC, Qualcomm, MediaTek, CCS Insight Locations: Seoul, South Korea, Barcelona, Spain
The first time Dr. Peter Hackett saw a patient with frostbite, the man died from his wounds. Dr. Hackett later worked at Mount Everest Basecamp, on Denali, Alaska, and now in Colorado, becoming expert in treating cold-weather injury. His mentor in Anchorage used to say, “Frostbite January, Amputation July,” remembered Dr. Hackett, clinical professor at the Altitude Research Center at the University of Colorado’s Anschutz Medical Campus. “For centuries, there was nothing else to do.”This month, the Food and Drug Administration approved the first therapy for treatment of severe frostbite in the country. The drug, iloprost, is given intravenously for several hours a day over a little more than week.
Persons: Peter Hackett, Hackett, Mount Everest Basecamp, Organizations: Mount Everest, Altitude, University of Colorado’s Anschutz Medical, Food and Drug Administration Locations: Chicago, Denali , Alaska, Colorado, Anchorage
Alexa von Tobel realized the importance of being financially savvy at a young age, but she still wishes she'd learned more about money as a kid. Like most children in the U.S., von Tobel received "no formal education" on personal finance. "Appreciating that you can have your dollars work hard for you, and on behalf of you, is a really powerful concept," von Tobel says. 'A skill set that you need for your whole life'Given her success as a fintech founder and investor, von Tobel clearly mastered that particular financial lesson eventually. "That concept is very powerful," von Tobel says.
Persons: Alexa von Tobel, she'd, von Tobel, Von Tobel's, von Tobel's, von, Von Tobel Organizations: Harvard University, CNBC, Northwestern Mutual Locations: U.S
The recent surge of migrants has put major cities across the U.S. under significant financial pressure. But experts say more federal assistance and funding are necessary to ensure that cities can survive the ongoing crisis. For instance, the $145 million allocated to New York City is less than 10% of what the city spent on migrant services in fiscal 2023, according to the Migration Policy Institute, a nonpartisan think tank. "These are complicated issues to manage, so the city, the state and the federal government, frankly, were not prepared for it." Watch the video above to see just how much financial pressure cities across the U.S. are facing due to the ongoing migrant crisis.
Persons: Biden, Simon Hankinson, Debu Gandhi, Muzaffar Chishti Organizations: The Heritage Foundation, The Center, American Progress, FEMA, Migration Policy Institute Locations: New York, Denver, Chicago, Washington ,, New York City, U.S
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Additionally, Starboard has extensive experience helping portfolio companies improve margins from a board level and adding one or two of their nominees to the board could expedite this. CEO Issue: Alight's CEO Stephan Scholl is a talented technologist and software expert, but not an experienced operator of a benefits administration company. Like the experienced activist Starboard is, the firm wanted to preserve its options as it speaks privately with Alight. Shareholders would certainly benefit from the addition of two or three Starboard directors to the board.
Persons: Keith D, Dorsey, Matthew C, Levin, Gavin T, Molinelli, Foley Trasimene, William P, Foley, Stephan Scholl, William Foley, Coretha, Denise Williams, Ken Squire Organizations: ExCo, CR Consulting Alliance, FIS, 13D Locations: Boyden, SPACs
“While some Ukraine-related orders are starting to come through, restocking and the impact of ongoing defense spending increases will be evident further down the line,” he noted. ‘Era of insecurity’Continued US military support for Ukraine on the scale of the past two years is looking increasingly unlikely. But the pressure on Western governments to beef up their military coffers will outlast the Ukraine war, analysts say, and it started to rise even before Moscow sent its troops marching toward Kyiv two years ago. The febrile global environment has helped lift the shares of Renk, a newly-listed German maker of military tank gearboxes, including those donated by Berlin to Ukraine. And this appeal is unlikely to fade soon, given growing defense spending by governments.
Persons: Lockheed Martin, That’s, Jens Stoltenberg, ” Trevor Taylor, Russia wouldn’t, Micael Johansson, Johansson, , Charles Woodburn, , House Republicans —, Donald Trump, Moscow, Oli Scarff, Trump, Joe Biden, Houthi, It’s, Susanne Wiegand, Myles Walton, Sweden’s, Organizations: London CNN, Russia, Kyiv, BAE Systems, Thales, Rheinmetall, Lockheed, Northrop Grumman, Atlantic Treaty Organization, NATO, Royal United Services Institute, CNN, Saab, Ukraine, House Republicans, Republican, Kiel Institute, European Union, Getty, International Institute, Strategic, Renk, Reuters, New, Wolfe Research, Sweden’s Saab Locations: Ukraine, Moscow, United States, Canada, Russia, London, Europe, Swedish, Poland, Kyiv, Congress, German, European, Newcastle, Tyne, England, AFP, Beijing, Taiwan, China, Israel, Red, Berlin, Frankfurt, Gaza, New York
A customer tries on the Apple Vision Pro headset during the product launch at an Apple Store in New York City on Feb. 2, 2024. The Vision Pro, the new virtual reality headset from Apple, can transport you to Hawaii or the surface of the moon. The Vision Pro provides a preview of what using a computer could be like in five years, early adopters say. The Vision Pro starts at $3,499. Each Vision Pro needs two of them, one for each eye.
Persons: It's, Omdia, Jacky Qiu, OTI, Qiu Organizations: Apple, Quest, Sony Semiconductor Locations: New York City, Hawaii
Hannah Dixon, a virtual assistant coach, discusses the three worst parts of the profession. AdvertisementThis as-told-to essay is based on a conversation with Hannah Dixon, a 36-year-old virtual assistant coach, recruiter, and founder of The Virtual Excellence Academy, living in Mexico. After "falling" into becoming a virtual assistant 10 years ago, I did the job for years juggling admin, tech, and creative tasks for clients worldwide. While virtual administrative assistant work is a very needed service, it's just one piece of a large and ever-expanding puzzle. Are you a virtual assistant and would like to share your story?
Persons: Hannah Dixon, Dixon, VAs, , It's, who've, upskilling —, it's, I've, Logan Organizations: Service, Virtual Excellence Academy, VAs Locations: Mexico, VAs, mlogan@businessinsider.com
“And, of course, South Carolina is in the heart of the Southeast.”Job seekers check-in to a job fair at a Schneider Electric manufacturing facility in Hopkins, South Carolina, in January 2023. “You can reach about twice as many people within an 8-hour drive from South Carolina as you can from Florida,” he said. “The housing market and the manufacturing industry, particularly in South Carolina, saw a major increase in demand,” Von Nessen said. South Carolina home sale activity fell by double-digits in 2022 but has since started to stabilize, he said. “We’re just treating so many more patients that we don’t have capacity,” said Thornton Kirby, CEO of the South Carolina Hospital Association.
Persons: ” Joseph Von Nessen, Darla Moore, ” Von Nessen, , it’s, It’s, Sean Rayford, Barrie Kirk, , Von Nessen, Micah Green, “ We’re, Thornton Kirby, Malcolm Isley, “ We’ve, ” Isley, Arnold Kamler, Inc . Kent, Kent, Kamler, Nikki Haley, , Daniel Slim, Scott Huffmon, Donald Trump, Haley, they’d Organizations: CNN, Palmetto State, of Labor Statistics, University of South, of Business, North, SC Council, Competitiveness, Bureau of Labor Statistics, Labor, Midlands Technical College, Technical College Midlands Technical College, Schneider, Bloomberg, Getty, Census, US Federal Reserve, US News, South Carolina Hospital Association, , Prisma, Health Prisma Health, Greenville Technical College, Health Center for Health, Life Sciences, Kent International, Walmart, Kent, Inc ., Winthrop University, , Charleston City Market, Winthrop’s Center, Public, Research, Palmetto, Republican, Trump, CBS Locations: South Carolina, South, , Carolina, Myrtle Beach , South Carolina, North America, University of South Carolina, West Columbia, United States, Hopkins , South Carolina, Florida, droves, Myrtle Beach, , Manning, New York City, Georgia, Charleston, AFP
New York CNN —Four more private universities have agreed to settle a lawsuit which alleged they violated antitrust laws in determining financial aid amounts for admitted students, according to court documents filed Friday. Dartmouth College, and Rice, Vanderbilt and Northwestern universities agreed to pay a total of $166 million to settle claims filed in a 2022 class action lawsuit alleging the schools colluded on the amount of financial aid awarded to students, while favoring applicants from wealthier families. In 2022, the University of Chicago agreed to settle for $13.5 million. “Nearly 15% of this year’s first-year class is attending Dartmouth without responsibility for paying tuition, housing, meals and many other fees, and more than half of the class receives some form of financial aid. Meanwhile, Dartmouth, Rice, Vanderbilt and Northwestern’s settlements range from $33.75 million to $55 million each.
Persons: Brown, Emory, , , Robert Gilbert Organizations: New, New York CNN, Dartmouth College, Vanderbilt, Yale, University of Chicago, CNN, University, Dartmouth, ” Rice University Locations: New York, Rice, Northwestern, Columbia, Duke, Dartmouth
AdvertisementVitamin DGreger takes a vitamin D supplement every day. Most people get enough vitamin D from sunlight, but those living in colder climates are unlikely to get enough during winter and fall. "People eating a plant-based diet must ensure a regular, reliable source of vitamin B12 throughout their lifespan," Greger said. Vitamin B12 is generally considered safe, even at high doses, and has no established maximum dose, according to Healthline. AdvertisementAlgae-based DHAGreger takes an algae-based DHA supplement daily for brain health and cognitive function, he said.
Persons: , Michael Greger, Greger, Loma, They're, there's, Ginger Organizations: Service, Business, USP, American Cancer Society, National Institutes of Health, Cleveland Clinic, B12, Harvard Medical School, Greger Locations: Sardinia, Italy, Loma Linda, California
Many workers have expressed fears that the technology will show up at the office like a young gun coming for their job. Williams expects some of the biggest gains from AI won't center on what companies and workers are doing now. Instead, he sees major wins coming from what workers aren't doing but that AI could. Filling in when help is scarceOne reason jobs sometimes aren't getting done is because there aren't always enough workers. If AI could be deployed to help with this work, the time the task takes might get cut in half, Holding said.
Persons: Heather Holding's, she'd, couldn't, let's, Ron Williams, Williams, that's, Jérôme Pesenti, Pesenti Organizations: AIs, Facebook
Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.
Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman
A centerpiece of that plan is “MLS Season Pass,” a sleekly designed streaming package that ditches the fragmentation other sports suffer from and lets fans stream globally every game — without blackouts — in the Apple TV app. The package costs $14.99 per month or $99 for the season and slightly less ($12.99 per month or $79 for the year) for existing Apple TV+ subscribers. “Once people tuned into the product, they were watching longer than our linear versions in past years,” Camilo Durana, executive vice president of MLS’ Apple partnership, properties and events, told CNN. On Wednesday, Apple released a new Sports app that shows live MLS scores and pushes people to watch them on “MLS Season Pass” on the Apple TV app. That matches a third-party report from analytics firm Antenna showing that “MLS Season Pass” was getting 6,000 new signups a day before Messi arrived but soared to 110,000 signups a day after he signed.
Persons: ” Sacha Kljestan, ” Kljestan, Kevin Egan, Andrew Wiebe, Kaylyn Kyle, Bradley Wright, Phillips, , ” Camilo Durana, Maddie Meyer, Apple, Lionel Messi, Dre, Durana, Messi, It’s, Santosh Rao, ” Rao Organizations: New, New York CNN — Football, Major League Soccer, Apple, MLS, CNN, NFL, NBC, CBS, FOX, US, TSN, Columbus Crew, Inter Miami, Apple Music, Sports Business, Mobile, Manhattan Venture Partners, doesn’t Locations: New York, Spanish, Canada, Apple’s
Russian police officers detain a woman during an unsanctioned protest rally against the military invasion on Ukraine, March,6, 2022, in Central Moscow, Russia. These quickly ceased when they saw Russian colleagues in tears, whose life savings had halved overnight. Russian friends began referring to Tbilisi as the "new Constantinople," referencing the city where anti-Bolshevik Russians fleeing the Communist revolution had taken refuge a century before. Russian President Vladimir Putin (L) meets French President Emmanuel Macron (R) on February 07, 2022 in Moscow, Russia. I stood at the glass window silently as the Russian border guard inspected my passport and now useless work permit.
Persons: , Cameron Manley, Russia's, didn't, Vladimir Putin, Putin idi nakhui, Putin, Mir, Pushkin, Konstantin Zavrazhin, Alexey Malgavko, Stringer, Zelenskyy, Volodymyr Zelenskyy, Karen Minasyan, pragmatically, gossiped, Emmanuel Macron Organizations: Service, Business, REUTERS, National Guard, Anadolu Agency, Getty, Armed Forces of, Facebook, Bolshevik, Communist, Kremlin Press, AP, Saint Locations: Edinburgh, Scotland, Moscow, Ukraine, Russia's, Europe, Russia, Central Moscow, Russian, Omsk, Kyiv, Armed Forces of Ukraine, seeping, Belarus, Yerevan, Armenia, AFP, Istanbul, Dubai, Tbilisi, Constantinople, St Petersburg, Helsinki, West, Switzerland, Saint Petersburg, Finland
The electorate for the South Carolina Republican primary looked much more like the one for January’s Iowa caucuses than for the New Hampshire primary, the early exit poll found. As in Iowa, well over 4 in 10 South Carolina primary voters describe themselves as affiliated with the MAGA movement. Exit polls are a valuable tool to help understand primary voters’ demographic profile and political views. The exit poll for South Carolina’s Republican presidential primary was conducted by Edison Research on behalf of the National Election Pool. It includes 1,990 interviews with Republican primary voters across 40 different polling places on Election Day.
Persons: Donald Trump, Nikki Haley, they’d, Haley –, , MAGA, Joe Biden, Biden’s, Trump, Haley, Ron DeSantis Organizations: CNN, Republican, Voters, Trump, South Carolina Republican, New, South Carolina, Florida Gov, Haley, GOP, Trump . South, Trump . South Carolina GOP, South, Edison Research Locations: South Carolina, Iowa, New Hampshire, South, Trump ., Trump . South Carolina
But these days, you're more likely to find him training with booty bands than Thor's hammer, his personal trainer told Business Insider. Recently, Hemsworth has become a fan of so-called "booty bands," elastic resistance bands placed around the ankles or thighs to help fire up the glutes. AdvertisementZocchi said the warmup helps Hemsworth protect his lower back on leg day — and is surprisingly spicy. "It's slowing things down a bit and really trying to focus on that muscle-mind connection as well," Zocchi said. AdvertisementSwap machines for sleds, farmer carries, and walking lungesFunctional strength is better for longevity than Marvel-movie muscle, Zocchi explained.
Persons: , Chris Hemsworth, Luke Zocchi, Hemsworth's, Zocchi, Hemsworth, he's, Chris Organizations: Service, Business, Hemsworth, Marvel Locations: Hemsworth
Women may see greater health benefits from exercising regularly than men do, according to a recent study. DON'T MISS: Exercise 2-4x more than the HHS recommends to achieve maximum benefit, says new studyResearchers also found that women were able to see greater health benefits with less exercise than their male counterparts. Men who engaged in about five hours of moderate to vigorous exercise each week lowered their chances of dying by 18% in comparison to men who didn't. The reason why women may have stronger benefits from regular exercise than men isn't clear, though it's possible it boils down to differences in anatomy, the study's researchers told CBS News. Exercising regularly is great for heart health in general"I think the big message is physical activity helps to reduce cardiovascular mortality, period," Garg tells CNBC Make It.
Persons: Beteal, wasn't, Nadish, Garg Organizations: American College of Cardiology, HHS, University of Miami Miller School of Medicine, CBS News, Hermann, CNBC, U.S . Department of Health, Human Services Locations: UHealth, Houston
John Marshall of Goldman's derivatives research team said in a Feb. 22 note that investors can use options to position for a reversal in the momentum trade. Goldman's approach to hedging momentum is two-pronged: buying put options on high momentum stocks, and buying call options on "anti-momentum" stocks. "If a true momentum reversal were to occur, we see the potential to profit on both sides of the trade," Marshall wrote. Goldman has a sell rating on SkyWest and a neutral rating on Palantir. On the other leg of the trade, Goldman identified stocks with buy ratings from its analysts that have fallen over the past 12 months.
Persons: Goldman Sachs, John Marshall, Marshall, Goldman Organizations: Nvidia, Goldman, SkyWest, Pfizer
Dr. Will Bulsiewicz, a gut health doctor, shared his go-to lunch with Business Insider. He eats bean chili with healthy sides most days for a filling and simple lunch. His lunch contains lots of fiber, which is great for gut health and longevity. AdvertisementA gut health expert shared the healthy, filling lunch he eats most days. Bulsiewicz eats his chili with farro, a whole grain, seasoned with turmeric and black pepper.
Persons: Will Bulsiewicz, , ZOE, , , Bulsiewicz, Sourdough, Coke Organizations: Business, Service, US, Research, Cleveland Clinic
CERN's new supercollider will be 8 times more powerful than the LHC, the largest and most powerful in the world. Particle physics research will need a major upgrade to begin exploring that mysterious 95%, made up of dark matter and dark energy. CERN, the European Council for Nuclear Research, is designing a new supercollider called the Future Circular Collider (FCC) to push the boundaries of modern physics research and perhaps discover the true nature of our mostly invisible universe. Together, these two colliders could usher in a new frontier of physics research. Breaking new groundCERN plans to build the 56-mile-long FCC tunnel beneath France and Switzerland, encircling the city of Geneva.
Persons: , Michael Benedikt, Christophe Grojean, Benedikt, Grojean Organizations: Service, CERN, European Council for Nuclear Research, Collider, FCC, hh, CERN CERN, Environmental Locations: Geneva, France, Switzerland
Orban Gives Green Light to Sweden’s NATO Bid
  + stars: | 2024-02-23 | by ( Andrew Higgins | ) www.nytimes.com   time to read: +1 min
Prime Minister Viktor Orban of Hungary on Friday declared an end to a monthslong spat with Sweden over the expansion of NATO, saying that a visit by his Swedish counterpart had rebuilt trust and paved the way for the Hungarian Parliament to vote on Monday to ratify the Nordic nation’s membership in the alliance. “We are ready to fight for each other, to give our lives for each other,” Mr. Orban said at a joint news conference in Budapest, the Hungarian capital, with the visiting Swedish leader, Ulf Kristersson. Hungary has been the last holdout in endorsing Sweden’s NATO membership. The sudden warming of relations between the two countries followed a decision by Sweden to provide Hungary with four Swedish-made Gripen fighter jets in addition to the 14 its air force already uses, and a promise that Saab, the maker of the warplanes, will open an artificial intelligence research center in Hungary. Hungary had been stalling for 19 months on ratifying Sweden’s admission to NATO, a delay that had puzzled and exasperated the United States and other members of the military alliance.
Persons: Viktor Orban of Hungary, Mr, Orban, Ulf Kristersson Organizations: Friday, NATO, Swedish, Nordic, Gripen, Saab Locations: Sweden, Budapest, Swedish, Hungary, United States
Justin Sullivan | Getty Images News | Getty ImagesMunich, GERMANY — Rapid developments in artificial intelligence could help strengthen defenses against security threats in cyber space, according to Google CEO Sundar Pichai. Amid growing concerns about the potentially nefarious uses of AI, Pichai said that the intelligence tools could help governments and companies speed up the detection of — and response to — threats from hostile actors. But AI, I think actually, counterintuitively, strengthens our defense on cybersecurity," Pichai told delegates at Munich Security Conference at the end of last week. Sundar Pichai CEO at GoogleHowever, Pichai said that AI was also lowering the time needed for defenders to detect attacks and react against them. Google last week announced a new initiative offering AI tools and infrastructure investments designed to boost online security.
Persons: Sundar Pichai, Emily Chang, Justin Sullivan, Pichai, , Hillary Clinton, Mark Hughes, DXC, Hughes, That's Organizations: APEC, Summit, Moscone West, Getty, Munich, Cybersecurity Ventures, Britain's, Cyber Security, Google, MSC, Adobe, IBM, Meta, Microsoft, Twitter, U.S, Iran's, Guard, CNBC Locations: San Francisco , California, San Francisco, Munich, GERMANY, cybersecurity, GCHQ, Russia, China, Iran
Credit card debt is rising, and shopping for a card with a lower interest rate can help you save money. But the challenge is finding one. Smaller banks and credit unions typically charge significantly lower interest rates on credit cards than the largest banks do — even among customers with top-notch credit, the Consumer Financial Protection Bureau reported last week. But online card comparison tools tend to emphasize cards from larger banks that pay fees to the sites when shoppers apply for cards, said Julie Margetta Morgan, the bureau’s associate director for research, monitoring and regulations. “It’s pretty hard to shop for a good deal on a credit card right now.”For cardholders with “good” credit — a credit score of 620 to 719 — the typical interest rate charged by big banks was about 28 percent, compared with about 18 percent at small banks, the report found.
Persons: Julie Margetta Morgan Organizations: Consumer Financial
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