A 3-month certificate of deposit (CD) with $10,000 can earn about $94 to $97 in interest at current rates near 4%. Alternatively, a high-yield savings account offers a similar return with more flexibility but a variable interest rate.
Key Facts
A 3-month CD locks in money for the term but offers fixed interest rates around 3.8% to 3.95%.
Interest earned on a $10,000 3-month CD is roughly $94 to $97 by maturity.
This means savers earn about $1 per day during the 3-month period.
High-yield savings accounts currently offer around 4.10% interest with about $100 earned in three months.
Unlike CDs, savings account rates can change over time and money remains accessible.
Traditional savings accounts offer much lower rates, about 0.38%, which may not keep up with inflation.
Online banks often provide better CD rates than banks with physical branches.
Savers should compare options because both CDs and high-yield savings accounts are better than regular savings accounts right now.
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The cryptocurrency industry is becoming more like traditional industries, focusing less on new technology and more on using existing systems efficiently. Companies that run the underlying services and infrastructure well are gaining value as the technology itself becomes more standard.
Key Facts
Early crypto success came from creating new blockchain technologies and proving they were better.
Now, many blockchains offer similar features, making them more like standard tools than unique products.
Value is shifting to companies that operate infrastructure like validators, exchanges, and custodians effectively.
This change is similar to past industries like telecommunications and railroads, where managing infrastructure well created wealth.
Crypto firms now compete on factors like reliability, speed, risk management, and compliance.
Larger crypto companies benefit from economies of scale, meaning they can operate more cheaply and securely.
The industry is moving from innovation to efficient operation of complex systems that support crypto services.
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The 52-week money challenge helps people save money by increasing their weekly savings by $1 each week. By the end of the year, participants can save about $1,378, and using special savings accounts with higher interest rates can help grow this amount faster.
Key Facts
The challenge starts by saving $1 in week one and adds $1 more each following week.
By week 52, the savings amount is $52, totaling $1,378 saved in one year.
Inflation is around 3%, above the Federal Reserve’s 2% target.
Households face high debt, with credit card rates over 20%, and wages are not keeping up with inflation.
Using a traditional savings account with low interest (around 0.38%) won’t grow the savings much.
GSK is investing £400 million in a new research and development center in Cambridge, moving many scientists from its Stevenage site. The company plans to increase its late-stage drug trials and cut £1.9 billion in annual costs by 2029, while aiming for revenue of over £40 billion by 2031.
Key Facts
GSK will spend £400 million to open a new research center in Cambridge.
The Stevenage facility will close, and most scientists will move to Cambridge.
Cambridge is a major life sciences hub with universities, hospitals, and biotech companies.
GSK plans to start late-stage trials for at least 20 potential medicines this year, up from 10.
The company recently bought US cancer specialist Nuvalent for nearly £8 billion.
GSK aims to cut £1.9 billion in annual costs by 2029 through efficiency measures.
Patent expiration on the HIV drug dolutegravir (about 20% of sales) in 2028-30 is a concern.
GSK expects stable or improving profit margins despite patent challenges and is targeting £40 billion+ revenue by 2031.
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A recent study found that 80% of toddler foods sold in grocery stores are ultra-processed. These foods often have higher levels of sugar, salt (sodium), fat, or calories than recommended for young children.
Key Facts
Four out of five toddler food products are highly processed.
These foods often contain too much sugar.
Many have excessive amounts of sodium, which is salt.
Some toddler foods have too much fat.
Calories in these products frequently exceed healthy guidelines for toddlers.
The study focused on products available in grocery stores.
The findings raise concerns about the nutritional quality of foods marketed for toddlers.
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The UK government will give some parents on benefits up to £4,500 a year to encourage their children to start apprenticeships. This payment will help families who lose some benefit money when their children begin paid apprenticeships by replacing the lost income.
Key Facts
Parents on benefits could get up to £4,500 yearly to support children starting apprenticeships.
The payment aims to stop families from losing money when a young person starts an apprenticeship job.
It will help a few thousand households who currently lose between £17 and £330 a week because apprenticeships count as earned income.
The bursary is funded by a £30 million budget from a levy on employers with wage bills over £3 million.
A government advisory report pointed out that benefits rules sometimes reduce payments too much when young people work as apprentices.
More than a million young people aged 16 to 24 in the UK are not in education, employment, or training (NEET).
The government says this bursary will support young people to "earn and learn" without losing benefits.
Additional funding and support for apprenticeship training for under-25s and employers will continue.
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Many timeshare owners find it very hard to stop owning their timeshare, even though they want to. Some companies offering help to end timeshare ownership use confusing language about lawyers, which can mislead owners about who the lawyer actually represents.
Key Facts
Many timeshare owners struggle with ending their ownership, often because of rising fees and changing lifestyles.
A study by Newton Group showed that over half of timeshare owners trying to exit had already failed once.
About 27% of owners hired a timeshare exit company before, but the company did not succeed.
Timeshare exit companies often use phrases like “attorney-backed” or “legal team” that sound like they offer legal help directly to the owner.
In many cases, the lawyer works for the company, not the owner, which means the lawyer’s duty is to the company’s interests.
Owners should be clearly told if a lawyer represents them personally or only the company before they pay for services.
Newton Group suggests that rules be made so companies must disclose in writing if the lawyer actually represents the timeshare owner.
Consumers deserve clear information to understand who is protecting their interests during timeshare exit services.
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The article explains how to know the best time to pick different garden vegetables like tomatoes, cucumbers, green beans, zucchini, eggplants, corn, and peppers. It gives advice on how waiting too long to harvest can reduce quality or cause loss.
Key Facts
Tomatoes should be picked when about half the fruit shows color to avoid splitting or animals eating them.
Cucumbers should be harvested when green, firm, and glossy; standard ones between 6 and 8 inches long.
Green beans must be picked daily once plump and firm to keep plants producing more pods.
Zucchini grow quickly and taste best when 6 to 8 inches long with skin soft to the touch.
Eggplants are best picked when their skin is shiny; a dull skin means they are overripe.
Corn is ready when silks turn brown and kernels release a milky juice when pierced.
Peppers can be harvested green or when fully colored, with flavor changing as they ripen.
Morning, after dew dries, is the best time to harvest vegetables for quality and moisture.
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Long-term care insurance helps pay for services like in-home care or nursing homes as people age. Although premiums can increase after buying a policy, insurers usually raise rates only for groups of policyholders, not individuals, based on overall costs and claims.
Key Facts
Long-term care insurance pays for extended care such as assisted living or nursing homes.
Premiums can rise over time but usually increase for all policyholders in a group, not just one person.
Insurers cannot raise rates based on an individual's age, health changes, or claim history.
Many older policies have seen premium increases due to longer lifespans and higher care costs than predicted.
Newer policies are often priced more conservatively with better data, so they may have smaller premium increases.
Different policies have varying rules about how premiums can change, so reading details before buying is important.
Rising costs reflect factors like underestimated claims, increasing care expenses, and low investment returns.
Keeping premiums low may require choosing plans with features that limit increases, but some risk of hikes remains.
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Apple became the second company ever to reach a $5 trillion market value as investors moved away from artificial intelligence (AI) and semiconductor stocks. The rise in Apple’s stock comes while many AI and chip companies are losing value due to concerns over heavy borrowing and competition.
Key Facts
Apple’s shares reached a high giving it a $5.04 trillion valuation, briefly making it the second company to cross $5 trillion.
Apple overtook Nvidia this month to become the world’s most valuable company.
Nvidia was the first company to reach $5 trillion last October.
Many AI and semiconductor stocks fell sharply, with companies like Intel, AMD, and Samsung dropping over 4-10%.
The Nasdaq 100 technology index dropped nearly 2%, marking a technical market correction (a drop of over 10% from a recent high).
Investors are worried about AI firms’ heavy borrowing to build data centers and competition from cheaper Chinese chip makers.
Apple avoided heavy AI spending and instead continues to use Google’s AI technology, reducing costly infrastructure investments.
Apple launched a leasing program in the US, making it easier for customers to pay for devices like iPhones and MacBooks.
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Canadians spent $3.3 billion less on travel to the United States in 2025 compared to 2024. Instead, they chose to travel more to other parts of the world, such as Europe and Asia, according to new data from Statistics Canada.
Key Facts
Canadian spending on travel to the US dropped from $22.1 billion in 2024 to $18.8 billion in 2025.
Spending on travel outside the US increased by $3.6 billion, reaching $22.8 billion in 2025.
Visits by Canadians to Europe rose by nearly 14%, and visits to Asia rose by almost 17% in 2025.
Return trips from the US to Canada fell by about 25% in 2025 compared to 2024.
The biggest drop in border crossings happened in July 2025, with about a one-third decrease from the previous year.
The decline in US travel and border crossings in 2025 was among the largest recorded since digital records began in 1972.
Early data from 2026 shows the trend of fewer Canadian trips to the US is continuing.
The data reflects a lasting change in Canadian travel habits, moving away from the US towards other international destinations.
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U.S. productivity has increased significantly in recent years, but this rise is mostly due to better use of existing capital, like equipment and facilities, rather than major gains from artificial intelligence (AI). AI is helping improve efficiency in some sectors, but it is not yet the main cause of the overall economic productivity growth.
Key Facts
U.S. labor productivity (output per hour worked) rose 2.5% last year, higher than the 1.6% average over the past 20 years.
The increase in productivity mainly comes from using existing capital more intensively, such as factories, servers, and hotel rooms.
Total factor productivity, which accounts for both labor and capital together, has stayed mostly flat.
Industries that adopted AI earlier showed productivity growth before the pandemic, indicating AI is not the sole driver.
Economists call increased use of capital "capital intensity" or "capital utilization."
AI may contribute to future productivity growth by solving workflow problems, but its current impact is limited.
The rise in productivity is real but may not yet reflect a permanent, transformational change caused by AI.
Understanding AI’s role will help predict if productivity gains are temporary or long-lasting.
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The article discusses concerns about the Federal Trade Commission (FTC) approving Electronic Arts (EA) being bought by another company. It says this deal affects more than just EA and could have wider effects on the gaming industry and business competition.
Key Facts
The FTC is reviewing a buyout of the video game company Electronic Arts (EA).
Some people believe the FTC should carefully examine this deal rather than quickly approve it.
The deal is said to impact not only EA but also the broader gaming market.
Buying EA could change how competition works in the video game business.
The article implies that this transaction might affect consumers and other companies in the industry.
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Debt collectors can sell your unpaid debt to other collection agencies or debt buyers. The debt may change hands multiple times, but you still owe the money if the debt is valid, and the new collector must prove they have the right to collect it.
Key Facts
Some collection agencies collect debts for original creditors and do not own the debt, so they cannot sell it.
Creditors may sell delinquent debts to debt buyers who then own the debt and can sell it again.
A single debt can be transferred many times over several years with no legal limit on transfers.
Your legal obligation to pay the debt remains the same regardless of the debt owner.
New debt collectors must prove they have the legal right to collect the debt.
The Fair Debt Collection Practices Act protects you by allowing you to request validation of the debt and protects against unfair practices.
Before paying, you should ask for written proof of the debt, confirm the collector’s authority, check your records, and review the statute of limitations in your state.
Keeping records of all communications and payments can help if there are disputes after several transfers.
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Victoria’s new Premier, Ben Carroll, has announced a royal commission to investigate the construction sector, focusing on the use of taxpayer money in major infrastructure projects called the Big Build. The inquiry aims to uncover corruption and will run alongside a special prosecutor and enhanced anti-corruption agency powers.
Key Facts
Premier Ben Carroll made the royal commission into Victoria’s construction sector his first official action.
The commission will investigate alleged corruption on Big Build projects, which involve over $109 billion in public spending since 2015.
The Big Build includes projects such as the Metro Tunnel, level crossing removals, and the Suburban Rail Loop.
Previous reports linked project funds to organized crime and union corruption, causing significant cost increases.
Carroll promised the commission’s terms of reference will be thorough and cover companies, subcontractors, unions, and government officials.
A special prosecutor will work alongside the commission, and the anti-corruption commission will get new powers to track financial irregularities.
Carroll’s predecessor, Jacinta Allan, resisted calls for the royal commission amid allegations of crime involvement.
Experts say the royal commission signals government action and may influence voters before the upcoming state election.
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Federal Reserve Chairman Kevin Warsh is expected to keep interest rates steady in the upcoming meeting but faces pressure to raise them soon to fight inflation. Rising costs from the Iran conflict, increased spending on artificial intelligence, and tariffs are pushing prices up, making it harder to lower inflation to the Fed's 2% target.
Key Facts
The Federal Reserve plans to keep interest rates unchanged in the next meeting.
Chairman Kevin Warsh faces pressure to raise rates to control inflation.
Inflation has stayed above the 2% target for over five years.
Core inflation, which leaves out food and energy prices, has been about 3% or higher since 2023.
Rising oil and gas prices are linked to renewed conflict in Iran.
Increased investment in artificial intelligence is making electronics and electricity more expensive.
New tariffs imposed by President Trump on many trading partners may cause further price increases.
Fed officials warn that without action, inflation will not return to the 2% target soon.
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Energy prices in Guernsey have increased by 19% over the past year, causing overall inflation to rise. The retail prices index (RPI) inflation reached 4.3% for the year ending in June 2026, with notable increases in fuel, tobacco, and catering costs.
Key Facts
Energy prices (fuel and light group) rose by 19% from June 2025 to June 2026.
Tobacco prices increased by 11.7% during the same period.
Catering costs went up by 6.3% in that year.
The overall retail prices index (RPI) inflation in Guernsey was 4.3%.
Households with one or more retired adults saw the highest increase in household costs at 5.2%.
The data comes from Guernsey's retail prices indices and household costs indices reports.
The report was published recently and reflects inflation trends over the last year.
Other related reports show inflation rates in Guernsey have been changing over time, but energy had the largest price jump this year.
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Contemporary100 is launching a new platform called Contemporary [Trading Cards] on July 28, 2026. This platform offers collectible art trading cards featuring works and stories from 100 contemporary artists in randomized packs sold online. The cards aim to make art collecting more accessible and fun by using the familiar format of trading cards.
Key Facts
The first collection includes 100 contemporary artists and will launch exclusively on Contemporary100.com.
Each pack contains 10 cards: 9 Base Cards, 1 Foil Card, and a chance of an Artist-Signed Card.
The cards showcase various art forms such as painting, sculpture, photography, and digital art.
Famous artists like Daniel Arsham and Felipe Pantone are part of the collection.
The project combines art collecting with the excitement of sports and entertainment trading cards.
Collectors can discover new artists by opening random packs and following their work beyond the cards.
The platform aims to overcome traditional barriers in contemporary art like price opacity and limited access.
This is the first platform to unify 100 contemporary artists in a collectible trading card format.
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eBay has agreed to pay $55.7 million to a Massachusetts couple who were harassed and stalked online by former eBay employees. The company and some executives faced criminal charges for sending threatening items and false information to the couple’s home.
Key Facts
Ina and David Steiner, who run an e-commerce newsletter, were targeted by a cyberstalking campaign starting in 2019.
The harassment included sending threatening deliveries like a bloody pig mask, live spiders, and pornographic magazines.
Their home was falsely listed on Craigslist for swinger activities.
Seven former eBay employees and executives were charged by the Department of Justice, with some going to prison.
Former CEO Devin Wenig and other executives made threatening messages about the couple.
The Steiners will receive $48.7 million from the settlement; eBay will donate $6 million to charities.
Wenig will personally pay $2 million and donate $1 million to a charity supporting free speech rights.
eBay paid a $3 million criminal penalty earlier and formally apologized for the actions of its former employees.
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Americans’ confidence in the U.S. economy dropped in July as gas prices increased due to the worsening conflict between the U.S. and Iran. The rise in gas prices contributed to inflation, which lowered people's real incomes and made them more concerned about food and grocery costs.
Key Facts
The consumer confidence index fell from 92.2 in June to 90.8 in July.
Perceptions of current business and job market conditions declined for the third month in a row.
Views about the near future stayed about the same with a reading of 74.7.
Gas prices had fallen earlier in June but started rising again in July, reaching about $4.10 per gallon.
The conflict between the U.S. and Iran increased, including Iran shutting down the Strait of Hormuz, a key oil route.
The higher gas prices contributed to inflation, lowering Americans’ income after adjusting for price changes.
Survey responses showed fewer mentions of war but more concern about food and grocery prices.
President Donald Trump met with advisers to discuss options regarding the Iran conflict.
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