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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
And as one of the richest and most powerful people in the world, Musk's political stances carry a great weight. Musk's political donations dating back to 2002 fit neatly into just a single landing page on OpenSecrets, a nonprofit organization that tracks money in politics. AdvertisementThough Musk historically hasn't been big on political donations, he's publicly said that he weighs in on politics when it could affect his businesses. Musk's political coming of age during the pre-social media era remains much of a mystery. His latest donations have all been to Republican candidates and causes, with Sen. Chris Coons of Delaware being the last Democrat to receive any Musk donations back in 2020.
Persons: , Elon, hasn't, that's, he's, Trump, Joe Biden, Donald Trump, Musk, Elon Musk, Paul Harris, Errol —, Ashlee Vance's, Musk's, Andrew Panzera, Tesla, Martin Eberhard, Marc Tarpenning, Trump Tesla, Alex Brandon Musk, George W, Bush, John Kerry, Barack Obama, Hillary Clinton, Clinton, Sen, Chris Coons, Rex Tillerson's, Hillary Clinton's, Marc Piasecki, Ron DeSantis, DeSantis, Biden, Nelson Peltz, MAGA, — Musk Organizations: Service, SpaceX, Business, White, Tesla, Getty, Pretoria City Council, Progressive Party, New York Times, Times, PayPal, Trump, Donald Trump AP, Democratic, California Democrats, National Republican Congressional, GOP, Republican, Elon, State, Paris Climate, America, NASA, Biden's, Cannes Lions, Democratic Party, Republican Florida Gov, Twitter Locations: Africa, Los Angeles, Republic of South Africa, Pretoria, South Africa, Canada, Johannesburg, Silicon Valley, California, Sens, Delaware, Paris, Texas, Musk's Texas
One in five older Americans have no retirement savings, Social Security doesn't feel like much of a guarantee, and the pension era is over. While the widespread shift over the last five decades to 401(k)s for retirement savings has meant some Americans can't afford the burden of being primarily responsible for their retirement finances, others have been able to work the system to their advantage. Throughout his nearly 40-year-long career in geology, he was able to sock away over $2 million for his retirement, even after putting multiple kids through college. He thinks some just didn't know much about 401(k)s during the switch from a pension or didn't understand them. Advertisement"If I had to tell people what to do, there's save big and save early — or save early, and it doesn't have to be big, but save early and you get all that compounding," Mark said.
Persons: Mark —, , Mark, he's, it's, Roth Organizations: Service, Social Security, Bureau of Labor Statistics Locations:
The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.
Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida
It also reflects that there's money in the system — but Chinese consumers are just really not that keen on dropping their hard-earned cash at Starbucks or Gucci. China's demand for gold jewelry softened in the first quarter of this year due to the surge in gold prices but was still holding up well, according to the council. Gen Z Chinese consumers ditch luxury for goldUnlike the rush into gold assets, Chinese consumers are not running out to buy even more stuff, particularly foreign imports. China's savings rate was around 32% last year — compared to around 4% in the US, according to a McKinsey analysis of official data. "Chinese households are increasingly confronted by the weak long-term Chinese growth outlook and the slumping prices in China's residential real estate market," said Biswas.
Persons: , Rajiv Biswas, Gen, LVMH Moët Hennessy Louis Vuitton, Gucci, Yves Saint Laurent, Laxman Narasimhan, Nomura, Lynn Song, Jean, Jacques Guiony, Biswas, McKinsey Organizations: Service, Gucci, Business, World Gold, Bloomberg, Starbucks, Huawei, Nomura, ING, McKinsey Locations: Japan, China, American, Greater China
The trial of former President Donald J. Trump has drawn the eyes of the world to the dim hallways and dingy courtrooms inside the Manhattan Criminal Courthouse. Outside is New York at its most colorful. Gawkers, demonstrators, politicians and hustlers gather in Collect Pond Park, a square plot of cement and trees across Centre Street from the courthouse’s front doors. Although the crowds have been smaller than the police prepared for, each day has featured someone creating a spectacle. Republican officials have recently used the park to praise the defendant at news conferences.
Persons: Donald J, Trump Locations: Manhattan, New York, Pond
Meme stocks are in the spotlight this week. These so-called meme stocks, which gained popularity through social media platforms like Reddit and X (formerly known as Twitter), have attracted retail investors looking to make a quick profit. Future of meme stocks One analyst, who has previously been bearish on GameStop and tech stocks, said that while fundamentals for the stock have improved, GameStop is still in the "danger zone." 'Danger zone' stocks Here are some other stocks Trainer says is in his "danger zone" list, which also includes his "zombie stocks." He cited its "continuing deterioration" of its fundamentals, including its "unsustainable" expenses and steady cash burn.
Persons: David, Trainer, DoorDash's, Yun Li Organizations: GameStop, AMC, CNBC Pro, AMC Entertainment Holdings, Tilray
Royal warrants act as a stamp of approval to indicate the preferred goods and services used by the royal household and senior members of the royal family. The use of royal warrants can be traced back to medieval times when Henry II first granted a Royal Charter to the Weavers’ Company, according to the Royal Warrants Holders Association. In the 15th century, the first official royal warrants were granted, including to the King’s printer, William Caxton. A window display at Fortnum and Mason celebrates the coronation of King Charles III on April 29, 2023 in London, England. “It seems quite clear that if there are any [Environmental, Social and Governance] problems with the company, they will not get a royal warrant,” he said.
Persons: Camilla, Shane Connolly, Mason, King Charles III, Prince of Wales, Charles, Henry II, William Caxton, David Haigh, , Chris J Ratcliffe, Haigh, Bob Lindo, ” Haigh, Tom Athron Organizations: CNN’s Royal, London CNN, Charter, Weavers ’, Royal, Parliament, Brand, CNN, Corgi, Fortnum, Social Locations: London, England, America, East, China, Camel, Cornwall
Mark Critchley and Chris Waugh analyse the main talking points from Old Trafford…What does this mean for Manchester United? Mark CritchleyWhat does this mean for Newcastle United? Howe’s side are level on points with Manchester United, but above Ten Hag’s team on goal difference, a factor which could yet prove critical. Newcastle’s season-long away form, which is merely the 15th-best in the Premier League, has held them back throughout the campaign. What next for Newcastle United?
Persons: Newcastle United’s, Premier League Kobbie Mainoo, Anthony Gordon, Rasmus Hojlund, Lewis Hall, Mark Critchley, Chris Waugh, Erik, Mainoo, Oli Scarff, Stu Forster, Newcastle’s, Bruno Fernandes, Antony, Amad’s, Marcus Rashford, Alejandro Garnacho, Gordon, Aaron Wan, Jacob, St James ’ Park, they’ve, I’m, , Eddie Howe, Roberto De Zerbi’s, Eddie Howe’s, Organizations: Old, Manchester United, FA, Manchester City, Brighton, Premier League Kobbie, Newcastle, Arsenal, Getty, Europa League, Premier League, Newcastle United, Chelsea, Bournemouth, Brentford, Sunday, Europa Conference League, Ten, Manchester United’s, Manchester, St James, “ Newcastle, Sunday’s, Gtech Locations: Newcastle, Old Trafford, Europe, Crystal, AFP, Manchester, Brighton, Griffin
Money market funds' siren song has become a little louder: With the timing of Federal Reserve rate cuts shaky, yields on cash are still hot – for now. Here's how to decide where and when to redeploy some of your idle cash into fixed income. Taxes are also a key consideration as you build out your fixed income sleeve. Interest income from Treasurys, meanwhile, is subject to federal income tax but exempt from state and local taxes. A gradual entry toward fixed income You don't have to build out your fixed income allocation in one day.
Persons: Rob Williams, Charles Schwab, Ashton Lawrence, Lawrence, Williams Organizations: Mariner Wealth Advisors, Mutual Locations: Greenville , South Carolina, Treasurys, New York , New Jersey, California
Right now, new customers can score an awesome Insider exclusive Bombas deal, knocking 20% off their first purchase. Not only have we reviewed the brand's underwear, hiking socks, and Gripper Slippers, but Bombas' boxers even made it into our guide of the best men's underwear. 10 best Insider-exclusive Bombas dealsUse the promo code INSIDER20 to get 20% off at checkout when making your first Bombas purchase. Bombas Women's Gripper Slipper $38.40 $48.00 Save 20% The Bombas Gripper Slipper feels like wearing something halfway between a slipper and a sock, and the new redesign features double the cushioning. Shop at BombasBombas Women's Cotton Modal Brief $17.60 $22.00 Save 20% Women's Cotton Modal BriefBare buns, begone.
Persons: it's Organizations: Business, Bombas
CNN —The mix of local residents visiting the Enfield Food Shelf in Connecticut has changed a lot in the last few years. It now seems that one unexpected expense tips people’s finances.”Between 300 and 400 households visit the Enfield Food Shelf in Connecticut each week. Khamphay Khen shops at the Enfield Food Shelf to help feed his family of six. The Enfield Food Shelf serves between 300 and 400 households a week. “Even though there are a lot of jobs available, and the unemployment rate is low, we’re seeing food insecurity increasing,” said East.
Persons: Kathleen Souvigney, Souvigney, , , Jason Jakubowski, Khamphay, he’s, Khen, Honda, it’s, Enfield, Chloe East Organizations: CNN, Enfield Food, Survey, Connecticut Foodshare, Enfield Food Shelf, Urban Institute, The Hamilton, Brookings Institution Locations: Connecticut, Enfield, America
Supreme Court gives SEC a win over Elon Musk
  + stars: | 2024-04-29 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +2 min
The Supreme Court rejected Elon Musk's bid to get rid of his 'Twitter sitter.' He has to get legal approval for any X posts about Tesla as part of an SEC agreement. Musk argued it limits his free speech, but the court shot him down. AdvertisementThe Supreme Court isn't going to step in to help Elon Musk get rid of his "Twitter sitter." Related storiesHe filed a petition with the Supreme Court to undo the settlement in December, arguing it limited his free speech.
Persons: Elon Musk's, Tesla, Musk, , isn't, Elon Musk, Joe Biden Organizations: SEC, Service, Securities and Exchange, SpaceX, Musk, Bloomberg
In your 30s, your list of financial burdens is probably growing, including everything from paying for child care to saving up for a first home. Despite these challenges, Americans in their 30s managed to save the most money out of any age group in 2023, according to data from New York Life. Parents in the U.S. spend around 24% of their household income on child care each year, a recent report from Care.com found. "But child care, we have to pay for that once the baby's born. If you're in your 30s and want to save more this year, here are two strategies to help stash away more cash.
Persons: it's, Shaun Melby, Care.com, you've Organizations: New York, Melby Wealth, CNBC Locations: New, U.S
Asked for proof of his claim that Mr. Biden was personally directing the local cases against him, Mr. Trump pointed to purported ties between prosecutors and “Washington,” but provided no evidence that Mr. Biden had been involved in any of the hiring decisions, conversations or meetings that Mr. Trump cited. The writer E. Jean Carroll filed her first lawsuit against Mr. Trump in November 2019, accusing him of defamation. Faulty and irrelevant comparisonsWhat Mr. Trump Said“I got indicted more than Al Capone.”— in a rally in Ohio in MarchFalse. Mr. Hur described Mr. Biden as a “well-meaning, elderly man with a poor memory” who had “diminished faculties and faulty memory.” He did not declare Mr. Biden mentally incompetent to stand trial. Inaccurate attacks on judgesWhat Mr. Trump Said“Judge Juan Merchan is totally compromised, and should be removed from this TRUMP Non-Case immediately.
Persons: Donald J, Trump, President Biden, Trump’s, , Trump Said “ Biden, General Merrick B, Garland, Trump “, Biden, Mr, Doug Mills, Trump Said, Jack Smith, Merrick Garland’s, Fani Willis, Letitia James, Alvin L, Bragg, Matthew Colangelo, Colangelo, , James’s, Colangelo’s, Bragg ramped, Willis, Willis — Nathan J, Wade, Ketanji Brown Jackson, Kamala Harris, Harris, Crooked Joe Biden, James, Jean Carroll, Smith, Brittainy Newman, Alexei Navalny, Navalny, Letitia James ’, Hunt, PolitiFact, Trump Said “, Al Capone, Capone, Brad Schwartz, Hillary, Bill, Bush, Reagan, Hillary Clinton, Clinton, Bill Clinton’s, Taylor Branch, Branch, , Barack Obama, George W, Bill Clinton, George H.W, Ronald Reagan, Robert K, Hur, Biden’s, Juan Merchan, Loren, Loren Merchan, Merchan, Merchan’s, Justice Merchan, Ahmed Gaber, Arthur F, Justice Engoron, Engoron Organizations: New York, Democratic Party, Trump, Justice Department, The New York Times, The, White House, Trump . Credit, New York Times, American People, Biden Administration, Prosecutors, Mr, Manhattan, Washington, Fox News, New, Times, White, Counsel’s Office, Supreme, Black, Trump Organization, Democrat, Companies, Exxon Mobil, Trump Foundation, Trump University, Associated, National Archives, Records Administration, TRUMP, Twitter, Credit Locations: Manhattan, Georgia, Trump ., Washington, New York, “ Washington, Fulton County ,, Russian, New, Ohio, Fla, South Carolina, Trump’s Florida, Beach
A High School Reunion Reignites a 50-Year Crush
  + stars: | 2024-04-12 | by ( Sadiba Hasan | ) www.nytimes.com   time to read: +1 min
The two met in the ninth grade in 1950 at what was then called Harrison-Morton Junior High School in Allentown, Pa. He was a star athlete — the pitcher on the baseball team and a shooting guard and forward on the basketball team. They lived only four blocks from each other and walked home together after school. After graduating from junior high school and switching over to Allentown High School for the 11th grade, they saw each other less and less. He dated other girls, and she met the man she would marry at 18.
Persons: Roland John Passaro, Elaine Hall, Harrison, , Passaro, Hall’s Organizations: Morton Junior High School, Allentown High School Locations: Allentown, Pa
To help travelers bridge the cultural gap, CNBC Travel asked frequent visitors for their single best piece of advice when visiting Japan. The staff at Kinkos — located in all major cities in Japan — will walk you through the whole process. Be sure to only pack and wear your best (clean and hole-free) socks while in Japan. She has made nine trips to Japan, on top of spending her middle and high school years in Yokosuka. — Miles Ashton, a Chicago-based entrepreneur who has made more than 10 trips to Japan, including a nine-month stint living in Tokyo.
Persons: — Tyler Monahan, it's, Henry Rose, Oliver Horovitz, — Henry Rose, Horovitz's, , — Oliver Horovitz, Tina Horne, Istock, Lawson, Noriko Hayashi, I've, — Jeffrey Cole, you'd, I'd, — Miles Ashton Organizations: CNBC Travel, Staff, Bloomberg, Getty, Tokyu Locations: Japan, — Tyler Monahan , New Jersey, Osaka, Tokyo, Seattle, Kyoto, — Oliver Horovitz , New York City, Aspen , Colorado, Yokosuka, Hokkaido, — Jeffrey Cole , Colorado, Miyakojima, Akihabara, Chicago
DALLAS (AP) — Houston point guard Jamal Shead exited the Cougars' Sweet 16 game against Duke with 6 1/2 minutes left in the first half after his right foot turned awkwardly on a move to the basket Friday night. The All-American walked slowly off the floor and went to the locker room. Shead was driving when he planted his foot and it turned, though he continued the play and missed a contested layup. After being tended to by an athletic trainer, Shead walked gingerly past the Houston bench and into the tunnel toward the locker room. The Blue Devils trailed top-seeded Houston 16-10 when Shead departed with 6:38 left.
Persons: , Jamal Shead, Shead, Duke Organizations: DALLAS, Cougars, Duke, CBS, Houston, CBS Sports, Blue Devils Locations: — Houston
But influencer marketers who run student-athlete campaigns are just getting started. Performance is also straightforward to measure, as NIL campaigns typically live on Instagram or TikTok, where "likes" and views can help benchmark engagement. And as more games kick off, we should see a bump in student-athlete marketing activity from previous years, marketers and NIL experts told Business Insider. The company, which worked with NIL firm Opendorse on its first foray into student-athlete marketing, said it also plans to offer career planning and mentorship to players. Student-athlete marketing is more flexible than traditional advertising.
Persons: , Goldman Sachs, Kim DeCarolis, she'd, Sam Weber, We've, University of Iowa's Caitlin Clark, Staley Gibson, Epsilon's hashtag, Saint Peter's, Doug Edert, MOGL's Syal, OpenSponsorship's Gibson, Syal, They're Organizations: CBS Sports, Business, Altius Sports Partners, NCAA, University of Iowa's, Epsilon, Buffalo Wild Wings, MOGL
A 23-year-old man in Taiwan had his legs amputated to receive a $1.3 million insurance payout, prosecutors said. Just days before, Zhang bought several expensive life insurance, travel insurance, and accident insurance policies, prosecutors said. Local media, citing prosecutors, reported that Zhang had claimed $7,200 from one insurer, but this money would be seized. The department's chief inspector, Tom Hill, said an increasing cost of living may push people to consider insurance fraud. AdvertisementThe FBI estimates that an annual $400 to $700 from the average US family's insurance premiums goes to covering insurance fraud costs.
Persons: , Zhang, Liao, Tom Hill Organizations: Service, Taiwan Criminal Investigation, Local, London Police's, Department, FBI Locations: Taiwan, Taipei, City, London, South Korea
CNN —A Women’s Super League (WSL) clash between Chelsea and Arsenal on Friday was delayed by half an hour after the Gunners were forced to change their socks because they were the same color as those worn by Chelsea. Arsenal, as the away team, was eventually forced to source black socks from Chelsea’s merchandise store and cover the branding with tape. Once the game began, Chelsea consolidated its spot as the league leader with a 3-1 victory over third-placed Arsenal in front of the Blues’ biggest ever crowd at Stamford Bridge for a women’s soccer game. Chelsea eventually won 3-1 to edge ahead in the Women's Super League title race. Chelsea manager Emma Hayes praised her team’s dominant performance afterwards but told broadcaster Sky Sports that she was “gutted” for Arsenal’s kit man.
Persons: Justin Setterfield, Jonas Eidevall, Lauren James, Manuela Zinsberger, parry, Sjoeke Nüsken, Nüsken, Johanna Rytting Kaneryd’s, Alex Burstow, Emma Hayes, , , Hayes Organizations: CNN, League, Chelsea, Arsenal, Gunners, Blues ’, Stamford, Sky Sports, , Arsenal FC, Getty Locations:
Before the judge were two of the nine motions to dismiss that the defendants have filed in the case. “It’s difficult to see how this gets you to the dismissal of an indictment,” the judge told Trump’s attorney Todd Blanche. Cannon said some of Trump’s concerns should be up to the juryThe judge repeatedly said Thursday that some of Trump’s arguments are best suited for a jury to decide during his eventual trial. Reagan’s journals were more akin to “personal records” as defined under the Presidential Records Act, they said. In Clinton’s case, the tapes were never reviewed and therefore never confirmed to contain classified information.
Persons: Aileen Cannon, Donald Trump, Trump, Cannon, Emile Bove, Bove, ” Cannon, , , Todd Blanche, Reagan, Clinton, Biden, Ronald Reagan, Bill Clinton, Joe Biden’s, wasn’t, Jack Smith’s, Robert Hur’s, Jay Bratt Organizations: Pierce , Florida CNN, Presidential, White, Trump, Department, Presidential Records Locations: Pierce , Florida, Lago
SUNRISE, Fla. (AP) — There’s a question that Florida Panthers general manager Bill Zito likes to ask people. “Bill takes in all opinions, but he does what he thinks is right,” Panthers coach Paul Maurice said. “We travel with this really high-end coffee maker,” Tkachuk said when told of Zito’s belief that good coffee is vital. He’s really involved with helping us with whatever we need, but he’s not overly involved like where he’s in your face every day. “Those players are committed and committed to winning and being selfless, who are really, really good people.
Persons: , Bill Zito, , Zito, He’ll, ” Zito, That's, he’s, It’s, Bill, Paul Maurice said, Matthew Tkachuk, Jonathan Huberdeau, Tkachuk, Vladimir Tarasenko, Gustav Forsling, , Aleksander Barkov, Sam Pollock’s, Matthew Caldwell, Aaron Ekblad, Sergei Bobrovsky, ” Tkachuk, Vincent Viola, Viola, it’s, He’s, FanDuel, Vinnie, ___ Organizations: Florida Panthers, Panthers, NHL, ” Panthers, Tkachuk, , Montreal Canadiens, Milwaukee Brewers, Yale, USA Hockey, Locations: Fla, Florida, Ottawa, Finland, Wisconsin, Columbus, It’s
That is as long as the design passes a review by the Union Cycliste Internationale (UCI), cycling’s global governing body. Team Visma-Lease a Bike riders debuted the large helmet at the Tirreno-Adriatico prologue in Italy on Monday. However, on Tuesday, the UCI referenced the new design while announcing a review into its rules around helmets in competitions. As part of its helmet regulations, the UCI insists that all helmets used by professional riders are also available to the public. CNN has contacted Specialized, Visma-Lease a Bike, Giro and Rudy Project for comment on the UCI’s review into helmet designs.
Persons: Giro, ” Paul Martens, Jonas Vingegaard, Juan Ayuso, Reg u, ul, ava, lable to Organizations: CNN, Star Wars, Union Cycliste Internationale, Giro, de France, UAE Team Emirates, day, th, UCI Locations: Italy
Driven largely by benefits associated with the “Barbie” movie, Mattel finished last year strong with 24% fourth-quarter growth. Before the “Barbie” movie was released, the Barbie brand already had a 99% rate of global brand awareness, selling more than 100 dolls every single minute, according to Mattel. What’s next for Mattel Films? Mattel Films, which is headed by Oscar-nominated producer Robbie Brenner, faces a lot of pressure to live up to “Barbie” with its second go-around. When asked about the possibility of an R-rated film at Mattel, Kreiz says, “I wouldn’t rule out different scenarios.
Persons: CNN — Barbie, “ Barbie ”, Fisher Price, Barbie, J.J . Abrams, Vin Diesel, , Lena Dunham, Lily Collins, “ Barney, Daniel Kaluuya, Bob, Jennifer Lopez, Anthony Ramos, , Matt Mason, Tom Hanks, KELLY CLARKSON, Jennifer Lopez Weiss Eubanks, Mattel, Ynon Kreiz, Kreiz, ” Kreiz, Greta Gerwig, Margot Robbie’s “ Barbie ”, Chris Pizzello, Lisa McKnight, ” Barbie, “ Barbie, Robbie, Amy Schumer, Anne Hathaway, ” McKnight, Barney ’, Oscar, Robbie Brenner, Gerwig, Mark Ronson, Barney, BARNEY, “ It’s, ‘ Barbie, ’ ” Organizations: CNN, Academy, Hollywood, American, Warner Bros . Pictures, Marvel, Mattel, UNO, KELLY CLARKSON SHOW, Fox Kids Europe, Endemol, Hasbro, Universal, Sony, Mattel Films, Entertainment, Everett, haven’t Locations: Hollywood, J.J, , Arizona, Los Angeles, Cold
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