
Supreme Court Refuses to Expedite Challenge to Trump's Tariffs
The US Supreme Court refused to put a challenge to President Donald Trump's sweeping tariffs on an ultra-fast track.
The justices on Friday rejected a scheduling request from two family-owned businesses seeking to invalidate many of Trump's import taxes. The rebuff means the administration will have the normal 30 days to file a full response, not the much shorter period the companies sought in their filing on Tuesday.
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38 minutes ago
- Yahoo
Best money market account rates today, June 20, 2025 (up to 4.41% APY return)
Find out which banks are offering the best MMA rates right now. The Federal Reserve cut the federal funds rate three times in 2024 for a total reduction of one percentage point. As a result, deposit interest rates — including money market account rates — have been falling. It's more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. Although money market account rates are elevated by historical standards, the national average rate for MMAs is just 0.62%, according to the FDIC. The good news: Top high-yield money market accounts offer well over 4% APY — more than six times the national average. That's why it's important to shop around before opening a money market account. Interest rates vary widely, but there are several banks (in particular, online banks) and credit unions with highly competitive offers. Here's a look at some of the top MMA rates available today:Additionally, the table below features some of the best savings and money market account rates available today from our verified partners. Online banks operate exclusively via the web. This significantly reduces their overhead costs, so they're able to pass those savings onto customers in the form of high deposit rates and low fees. If you're searching for the best money market account rates, online banks are a great place to start. That said, online banks aren't the only place you can find savings accounts with rates of 4% to 5% APY. Credit unions are not-for-profit financial cooperatives, and are also know for providing competitive rates and fewer fees. Many credit unions have certain requirements that must be met in order to become a member, though there are some that allow just about anyone to join. Read more: Are online banks really safe? Money market accounts can be a great option for short-term savings goals, like building an emergency fund or setting aside money for an upcoming expense. They generally offer higher interest rates than regular savings accounts, and they provide easier access to your money compared to some other options like certificates of deposit (CDs). Money market accounts are also considered low-risk, and they are FDIC-insured up to the standard $250,000 per depositor, per institution. This makes them safer than money market funds, which can be subject to market risk. However, keep in mind that many money market accounts require a minimum balance to open the account and earn the highest advertised rate. If you can't maintain this balance, you might incur fees or miss out on the best rates. And although you can generally access your funds as needed, MMAs may limit the number of transactions you can make each month. If you need frequent access to your money, this might be a consideration. Read more: Is there a penalty for withdrawing from your money market account? When a money market account makes sense: You want to earn more interest than a regular savings account without locking up your money in a CD. You can maintain the minimum balance to avoid fees. You want to keep funds easily accessible for emergencies or near-term expenses. Currently, the average money market account rate is 0.63%. However, several high-yield accounts pay upwards of 4% or more. If you're considering opening a money market account, be sure to shop around and compare rates. There is no one account or investment that guarantees a 12% return. However, if your goal is to earn a strong return on your money and grow your wealth significantly, investing in market securities such as stocks, mutual funds, exchange-traded funds is the best strategy for doing so. The stock market returns about 10% per year, on average. If you aren't sure where to start, it can be helpful to speak with a financial advisor about your financial goals and priorities. Alternatively, you can sign up with a robo-advisor, which is an automated, cost-effective option for managing your portfolio. Read more: Robo-advisor: How to start investing right away
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Accenture is giving consulting a new name as it doubles down on AI: 'reinvention services'
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CNN
41 minutes ago
- CNN
Republicans might redraw House maps in Ohio and Texas to try to protect narrow majority
CNN — Facing the possibility of losing control of the U.S. House next year, Republicans are weighing aggressively redrawing congressional districts in two states in hopes of ousting several longtime Democratic lawmakers. In Ohio, a quirk in state law is giving Republican state legislators another run at drawing new lines for the state's 15 congressional districts. The goal would be to knock off two Democratic members of the House, giving the GOP a 12-3 advantage in the state's congressional delegation. State lawmakers could go even further and target a third Democratic seat. In Texas, meanwhile, Republicans are considering whether to hold a special legislative session to undertake a rare mid-decade map-drawing that supporters hope could result in the GOP picking up as many as five additional seats. Democrats need a net gain of just three seats to win the House, raising the stakes for Republicans and President Donald Trump, who could see a Democrat-led House block his legislative agenda and open new investigations of him in the second half of his final term. But redistricting is a double-edged sword: In drawing new lines, both states could also endanger GOP lawmakers by moving safe Republican territory into districts currently represented by Democrats. Adam Kincaid, president and executive director of the National Republican Redistricting Trust, favors an aggressive redistricting approach. 'It's a priority to keep the House, and Republicans should be looking for as many seats as we can get,' he said. The GOP's redistricting gains in 2022 were key to the party flipping the chamber in that election and retaining their majority in 2024, he added. 'There were a handful of seats that weren't politically possible to get before that may be possible now,' he added. 'It makes sense for Republicans to try ahead of 2026.' Redrawing maps is potentially risky for GOP incumbents if 2026 proves to be a favorable year for Democrats. Republicans will have to run in a year when Trump himself is not the ballot, helping to boost conservative turnout. 'It's both a gamble and an opportunity,' said Kyle Kondik, the managing editor of Sabato's Crystal Ball, a newsletter published by University of Virginia's Center for Politics. 'From the White House's perspective, would an aggressive Texas redraw increase their chances of holding the House next year? Yeah, probably. But it wouldn't guarantee anything.' Redistricting generally happens at the start of each decade to account for population shifts and ensure that each congressional and state legislative district holds roughly the same number of people. Some Democrats have denounced the potential rounds of mid-decade map-drawing, arguing that Republicans are trying to rig the process. 'Republicans are exploring further manipulation of egregious gerrymanders in red states like Texas and Ohio for one reason: they are terrified of the voters,' said Marina Jenkins, executive director of the National Democratic Redistricting Committee, in a statement. 'It's a brazenly corrupt attempt to shield themselves from accountability at the ballot box and it must be stopped.' A third redistricting battle, meanwhile, is playing out in Wisconsin where two legal actions filed last month are challenging a congressional map that favors Republicans in a battleground state that's narrowly divided along partisan lines. Both cases are before the state Supreme Court, which has a liberal majority. Texas could go after border Democrats All but one Republican member of the Texas congressional delegation won their seats with more than 60% of the vote last November. All 25 GOP-held districts voted for Trump by at least 15 points in 2024, Kondik noted. A new GOP map in Texas is likely to shift voters from safely red districts into ones held by Democrats to help boost the number of Republicans that Texas sends to Congress. Currently, under a 2021 map, Republicans control 25 of the state's 38 House seats. (One safely Democratic seat in the Houston area is vacant following the death of Rep. Sylvester Turner. The current Texas congressional maps are the subject of litigation brought by groups representing Black and Latino voters who contend the lines drawn in 2021 discriminate against voters of color.) Clear targets include Democratic Reps. Henry Cuellar and Vicente Gonzalez, who represent border communities that have shifted to the right in recent years. Trump won both districts in 2024, part of a broader realignment among Latino voters. House Minority Leader Hakeem Jeffries, a New York Democrat, argued recently that an aggressive redraw could backfire on Republicans. 'If you make any changes to that map … they are going to endanger four to six Republican incumbents who are serving in the Congress right now,' he said to reporters. 'Be careful what you wish for.' Other Democrats have condemned any effort to change the district lines to further benefit the GOP. 'Texas Republicans should stand by the rule of law and the maps they drew four years ago, or they should finally work with Democrats to draw fair, independent congressional maps,' state Rep. Gene Wu, who chairs the Democratic caucus in the Texas House, said in a statement. 'Anything less is a desperate power grab from a party that knows Texas voters are ready to show them the door.' The White House did not respond to a CNN inquiry about the effort, which has been the subject of recent closed-door meetings in Washington among members of the state's congressional delegation. The state legislature, which finished its regular session earlier this month, is not scheduled to meet again until 2027. But Texas Gov. Greg Abbott has the authority to call special sessions and determine the issues lawmakers will address. Aides to the Texas governor did not respond to CNN inquiries. Last week, Abbott told reporters that he had not 'identified a need for a special session,' according to the Dallas Morning News. The governor, however, did not close the door on the possibility, saying he was reviewing bills from the regular legislative session that could result in vetoes that would require him to summon lawmakers back to Austin to address outstanding matters. Abbott also declined to tell journalists whether Trump had asked him to order a redraw. Ohio GOP looks for as many as three seats In Ohio, the mid-decade redrawing of its congressional districts is an outgrowth of a state law that requires maps approved without bipartisan support to be redrawn after four years. Crafting new maps for next year's midterms will ultimately fall to the Republican-controlled General Assembly. The current map, crafted by a GOP-led legislature in 2022, has 10 Republicans and five Democrats. Two Democratic incumbents are viewed as likely targets of the GOP: Reps. Marcy Kaptur, a veteran lawmaker who represents northwestern Ohio, and Emilia Skyes, whose district includes Akron. Last year, Kaptur eked out a win even as her district went for Trump. Skyes, meanwhile, represents a highly competitive district that former Vice President Kamala Harris barely won. If Republicans choose an even more aggressive approach, a third Democrat, Rep. Greg Landsman, who represents Cincinnati, could be endangered.