Putting $50,000 into a certificate of deposit (CD), a high-yield savings account, or a money market account can earn more interest than a regular savings account today. Each option offers similar rates around 4%, but CDs have fixed interest rates while the others can change over time.
Key Facts
Traditional savings accounts earn very low interest rates, about 0.38% on average.
CDs, high-yield savings, and money market accounts offer about 4% or more interest rates right now.
A 3-month high-yield savings account on $50,000 could earn about $496 in interest.
A 6-month CD could earn about $1,015 on the same deposit.
A 9-month CD could earn about $1,511 in interest, slightly more than the other accounts.
CDs offer fixed interest rates, meaning the rate stays the same during the term.
High-yield savings and money market accounts have variable rates that can go up or down.
Splitting money among these accounts can balance earning potential and safety.
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California regulators have apologized to SpaceX CEO Elon Musk and settled a lawsuit that claimed political bias against the company. The California Coastal Commission admitted it made improper statements about Musk’s political views and agreed not to consider those views in future regulatory decisions about SpaceX.
Key Facts
The California Coastal Commission apologized for making “improper” statements about Elon Musk’s political beliefs.
SpaceX sued the commission for opposing an increase in Falcon 9 rocket launches from Vandenberg Space Force Base.
The lawsuit claimed the commission discriminated against SpaceX due to Musk’s political views, violating free speech and due process rights.
The settlement states neither side admits any wrongdoing.
The commission agreed not to require a coastal development permit related to SpaceX’s launch program.
The commission still has concerns about environmental impacts, like harm to coastal habitats and noise from sonic booms.
Federal law requires the government to share more information about rocket launches with the commission, but it says not enough info has been provided.
The settlement happened while Musk testified in a separate court case about artificial intelligence involving OpenAI cofounder Sam Altman.
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The Federal Reserve decided to keep its main interest rate unchanged as inflation remains a concern in the U.S. economy. This decision comes as the term of Fed Chair Jerome Powell is nearing its end.
Key Facts
The Federal Reserve did not raise or lower its benchmark interest rate.
Inflation in the U.S. is still a problem the economy is dealing with.
Chair Jerome Powell’s term at the Federal Reserve is almost finished.
The decision was announced on a Wednesday.
Keeping interest rates steady aims to balance economic growth and inflation control.
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A GB News commentator, Sophie Corcoran, plans to sue the 10,000 Interns Foundation for not offering internships to white people, claiming racial discrimination. The foundation runs paid internships to increase opportunities for Black and minority ethnic candidates, supported by the Bar Council, and says their actions follow UK equality laws.
Key Facts
Sophie Corcoran applied to an internship program that only accepts Black and minority ethnic candidates and was rejected.
Corcoran claims this policy violates the Equality Act by discriminating against her because she is white.
The 10,000 Interns Foundation runs paid internships focused on underrepresented racial groups to widen job access.
The Bar Council supports the program, saying it is lawful "positive action" due to under-representation in the legal profession.
The foundation has placed 10,000 interns since 2020 with companies like Bloomberg, HSBC, and NHS.
The foundation’s CEO, Rebecca Achieng Ajulu-Bushell, says the goal is to promote fairness by expanding opportunities, not restricting them.
The case raises concerns that legal challenges might threaten similar diversity and inclusion initiatives in the UK.
Some political figures and commentators have publicly criticized the scheme, calling it discriminatory against white people.
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Fidelity has stopped allowing donations from donor-advised funds to the Southern Poverty Law Center (SPLC) after the Justice Department charged the group with bank and wire fraud. This move came as Fidelity learned about the federal investigation into the SPLC.
Key Facts
Fidelity is blocking donations to the SPLC from donor-advised funds.
The Justice Department indicted the SPLC for alleged bank and wire fraud.
Fidelity sent an email to donors explaining the reason for the block.
The investigation by the government into the SPLC is ongoing.
Donor-advised funds allow people to recommend where their charitable money goes.
The SPLC is a well-known organization involved in civil rights work.
Fidelity acts as a manager for many donor-advised funds.
The indictment triggered Fidelity’s decision to restrict donations to the SPLC.
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Federal Reserve Chair Jerome Powell announced he will remain on the Federal Reserve Board as a governor after his term as chair ends next month. He plans to stay until an ongoing investigation related to the Federal Reserve concludes.
Key Facts
Jerome Powell’s term as Chair of the Federal Reserve ends next month.
Powell intends to stay on the Federal Reserve Board as a governor after his chair term ends.
He has not set a specific date for how long he will remain as a governor.
Powell’s decision to stay is tied to an ongoing investigation at the Federal Reserve.
He wants to remain until the investigation is completely finished.
The Federal Reserve Board oversees U.S. monetary policy and regulates banks.
The role of chair of the Federal Reserve is separate from the position of governor on the Board.
Powell is responsible for managing U.S. economic policies related to inflation and employment.
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Zambia has until April 30 to decide whether to give American companies special access to its mineral resources. This decision could affect future trade and business relations between Zambia and the United States.
Key Facts
Zambia faces a deadline of April 30 to make a trade decision.
The decision involves giving U.S. businesses preferential access to minerals.
Preferential access means U.S. companies might get better terms or priority.
Minerals are important natural resources used in many industries.
The outcome could influence Zambia’s trade policies and economic partnerships.
The report connects this decision with a trade deal between Zambia and the U.S.
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Senior UK government ministers have strongly criticized the idea of freezing private rents for a year, a plan reportedly considered by Chancellor Rachel Reeves. The government has officially rejected the proposal, and there are ongoing questions about Reeves’ job security after local election losses and internal disagreements.
Key Facts
Rachel Reeves, the UK Chancellor, was reportedly considering a one-year freeze on private sector rents.
Senior ministers Steve Reed (Housing Secretary) and Matthew Pennycook (Housing Minister) criticized the rent freeze plan.
Downing Street (the Prime Minister’s office) has ruled out the rent freeze policy.
Pennycook and Reed said the government has no plans to introduce rent controls, citing negative effects seen in other places.
There is speculation that Reeves could be removed from her position after poor local election results.
Prime Minister Keir Starmer praised Reeves but did not guarantee she would keep her job.
Reeves remains publicly supported by the Prime Minister’s office, which insists her position is stable until the next election.
Investors and financial experts are watching UK political developments closely, concerned about impacts on government borrowing costs and economic stability.
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Federal Reserve Chair Jerome Powell spoke after the central bank decided to keep interest rates unchanged. The decision comes amid concerns about the conflict in Iran and rising inflation.
Key Facts
The Federal Reserve chose to keep interest rates steady.
The current interest rate range is between 3.5% and 3.75%.
Jerome Powell is the Chair of the Federal Reserve.
The decision was made by the Federal Open Market Committee.
The choice reflects uncertainty due to the Iran war.
Rising inflation is also a concern influencing the Fed’s decision.
This marks the end of a period of interest rate adjustments led by Powell.
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The U.S. Federal Reserve kept interest rates steady at 3.5 to 3.75 percent due to inflation and labor market concerns amid the US-Israel conflict involving Iran. This was the last meeting led by Chairman Jerome Powell, as Kevin Warsh, President Trump’s nominee to replace Powell, moves forward in the confirmation process.
Key Facts
The Fed held interest rates at 3.5 to 3.75 percent.
Inflation and pressure on the labor market influenced the decision.
The US-Israel war involving Iran adds uncertainty to the global economy.
Jerome Powell chaired his final meeting of the Fed’s two-day policy session.
Economists expected the rate hold, with CME FedWatch showing 100% probability.
The U.S. Department of Labor will release a jobs report next week.
Kevin Warsh, nominated by President Trump to replace Powell, was approved by the Senate Banking Committee.
The full Senate will next vote on Warsh’s nomination.
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The Federal Reserve kept interest rates steady between 3.5% and 3.75% in its latest meeting, showing the most disagreements among committee members in 34 years. This meeting was likely the last for Chair Jerome Powell, whose term ends in May, with Kevin Warsh expected to take over soon.
Key Facts
The Federal Reserve held interest rates unchanged for the third meeting in a row.
Four members of the Fed’s policy committee disagreed, the highest number of dissents since 1992.
Three reserve bank presidents disagreed because they did not want the Fed to signal expected rate cuts soon.
One member dissented in favor of lowering the rates immediately.
The disagreements reveal internal resistance to the rate cuts desired by President Donald Trump.
Jerome Powell’s term as Fed Chair ends May 15, and Kevin Warsh’s nomination to replace him is moving forward in the Senate.
Some Fed officials want to keep the option open for raising rates again, due to ongoing inflation and strong economic growth.
It is unclear if Powell will stay on the Fed Board of Governors after his term as Chair ends in May.
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The Federal Reserve has decided to keep its interest rates steady for the third time this year, maintaining the current range of 3.50% to 3.75%. This decision means mortgage rates will likely stay the same or rise slightly, affecting homebuyers and those trying to refinance their homes.
Key Facts
The Federal Reserve paused interest rate increases, keeping rates at 3.50% to 3.75%.
Mortgage interest rates have recently risen slightly but are expected to hold steady or rise a bit more.
Current 30-year mortgage rates are in the low 6% range.
A pause in Federal Reserve meetings this May means less pressure on mortgage rates and more time for borrowers to shop around.
Shopping around for mortgage rates can save borrowers nearly a full percentage point on their mortgage costs.
Lenders will base mortgage rates on other factors like the 10-year Treasury yield, inflation reports, and unemployment data.
Mortgage rates can change daily, even without Federal Reserve meetings influencing them.
Borrowers should compare at least three mortgage offers to find the best rate.
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The Federal Reserve kept its main interest rate steady for a third meeting in a row to help control inflation. President Donald Trump’s nominee, Kevin Warsh, is set to take over as Fed chair next month amid concerns about rising prices and uncertain job growth.
Key Facts
The Fed’s key interest rate remains at 3.5% to 3.75%, unchanged for the third straight meeting.
Inflation is rising partly due to the impact of the Iran war, causing higher energy costs.
Kevin Warsh, President Trump’s pick, is close to becoming the next Fed chair.
The Fed aims to reduce inflation to 2%, but recent inflation hit nearly 3.9%.
Higher gas prices, averaging $4.23 per gallon, are affecting consumer spending.
Economists expect no interest rate cuts in 2026 unless the economy worsens greatly or job markets weaken.
The labor market shows uneven job growth, with some layoffs linked to new technology like artificial intelligence.
Consumer spending is crucial to the U.S. economy, making inflation and job market trends very important for growth.
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Labubu dolls, a popular toy brand sold in the United States, have been found to contain cotton from China's Xinjiang region. Investigations show that most of these dolls use cotton linked to forced labor practices in that area.
Key Facts
Labubu dolls are popular toys available in the United States.
Tests found that 16 out of 20 dolls contained cotton from Xinjiang farms.
Xinjiang is a region in China known for the Uyghur population.
The cotton is linked to state-imposed forced labor in Xinjiang.
Forced labor means people are made to work against their will.
The discovery raises concerns about labor practices behind popular products.
US laws aim to prevent goods made with forced labor from entering the country.
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The musical "Evita," starring Rachel Zegler as Eva Perón, will open on Broadway in spring 2027. The production, previously successful in London, is being produced by Jamie Lloyd and Michael Harrison and will be staged at a Shubert theater in New York.
Key Facts
The "Evita" revival stars Rachel Zegler playing Eva Perón.
It opens on Broadway in spring 2027.
The production is by Jamie Lloyd Company and Lloyd Webber Harrison Musicals.
The show previously had a successful run at the London Palladium.
Zegler won the Olivier Award for Best Actress in a Musical for her London performance.
The famous outdoor balcony scene from the London show will not be done in New York.
The Broadway theater venue will be a Shubert theater, announced later.
Andrew Lloyd Webber and Tim Rice created the original "Evita" musical.
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Hilton’s CEO, Christopher Nassetta, says the U.S. economy is shifting to a "C-shaped" recovery where people across all income levels spend more evenly. This change could help middle- and lower-income consumers and boost industries like hospitality, as Hilton expects better financial results due to more bookings in affordable hotels.
Key Facts
Hilton’s CEO described a "C-shaped" economy, meaning spending grows more evenly among rich, middle, and lower-income groups.
This contrasts with the "K-shaped" recovery, where wealthier consumers increased spending while less wealthy ones struggled.
Hilton is seeing more demand for mid-priced and lower-priced hotel rooms, not just luxury ones.
The company raised its full-year financial forecast based on rising revenue and profits.
Nassetta predicts inflation will ease after the Iran conflict calms, allowing lower interest rates.
Lower interest rates and more technology spending are helping middle- and lower-income consumers.
Some experts and groups still see spending growth slowing for lower- and middle-income households despite overall robust spending.
The changes could reduce money worries for many Americans and help the hospitality industry, which depends on broad customer spending.
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Blackstone and Anthropic are working together to apply artificial intelligence (AI) to improve industries owned by private equity. This change might cause many people to lose their jobs. Some suggest an AI tax paid in company shares could help share the benefits of AI with the public and allow them to have more influence in company decisions.
Key Facts
Blackstone is a major private equity firm.
Anthropic is an AI company partnering with Blackstone.
Their collaboration aims to use AI to change sectors owned by private equity.
These changes could result in many job losses.
An AI tax is proposed to be paid using company stock.
The tax could help the public benefit financially from AI advancements.
It could also give the public a stronger role in how companies are run.
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Experts predict that certificate of deposit (CD) interest rates will mostly stay the same in May 2026 because the Federal Reserve is expected to keep its main borrowing rate steady. CD rates might drop slightly if economic conditions improve or inflation falls, but a significant rise in rates is unlikely soon.
Key Facts
CD interest rates tend to follow the Federal Reserve’s set borrowing rate, known as the Fed funds rate.
The Fed is expected to hold its rate steady for the next several meetings in 2026.
Because of this, CD interest rates are predicted to remain mostly flat in the short term.
Slight decreases in CD rates could happen if inflation lowers, economic growth slows, or geopolitical tensions ease.
Changes in tariffs could affect inflation and Fed decisions, potentially influencing CD rates.
Significant increases in CD rates are unlikely because the Fed does not plan to raise its benchmark rate soon.
Financial institutions are cautious and watching economic signals carefully before adjusting CD rates.
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Stephen Fry has sued the organizers of a tech conference where he fell off the stage and was seriously injured. He is seeking up to £100,000 in damages, claiming the event organizers were negligent in ensuring stage safety. The defendants deny responsibility and the case will be decided in court.
Key Facts
Stephen Fry fell about 2 meters from a stage at the CogX Festival in London in September 2023 after giving a speech on Artificial Intelligence.
He broke his leg, hip, pelvis, and several ribs in the fall.
Fry filed a personal injury claim against CogX Festival Ltd and Blonstein Events Ltd, seeking up to £100,000 in damages.
The claim alleges the stage and backstage areas were not safe, properly lit, or protected to prevent such a fall.
CogX Festival said they cannot comment during the legal process but wished Fry a full recovery.
Blonstein Events has not yet been formally notified of the claim and denies responsibility for the incident.
Fry’s lawyer said they had to ask the court to decide who is responsible as the defendants do not accept Fry’s version of events.
Fry returned to work about three months after his fall.
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