How David Blitzer Invests Across Sports Leagues
Alex Rodriguez and Jason Kelly sit with David Blitzer, co-founder of Harris Blitzer Sports & Entertainment, to discuss how his teams use data and analytics to improve the fan experience. (Source: Bloomberg)
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CNET
21 minutes ago
- CNET
If You're Looking to Remodel Your Home, I Found This AI Tool Useful for Inspiration. What to Know
My dream home is picturesque and awe-inducing; minimalistic yet intentional design; and squeaky-clean. Whenever I have a spare moment, I like to imagine it. And now, artificial intelligence can help with putting an image to my hopes -- like a freshly designed bathroom. I was recently spending time in the Bay Area, in an Airbnb located in a three-story 1910s home tucked away in the corner of the second floor. As a digital nomad, I've spent many nights in various Airbnbs, from last-minute stays to specific design-focused choices. I was prepared for this apartment to meet only my basic needs, but I was still underwhelmed by the bathroom design and overwhelmed by its fluorescent lighting. Mainly from curiosity to see what it could do, I tested out whether you could genuinely use AI to get started on your home renovations. What is Renovate AI? Renovate AI is an app that uses AI and generative models to create design-driven worlds. For me, navigating to its site felt like entering a very specific corner of SimsNation, built for architecture and interior design enthusiasts and experts. Renovate AI has a free plan, and paid plans range from $13 to $99 per month. Since I planned to redesign only one space, I didn't miss out by not upgrading. However, if you're interested in interacting with the site beyond a trial run and plan on seriously using Renovate AI to help with ideas for more than one room, a paid plan is necessary to get the most out of the tool. After spending far too long staring at the moving blob on the homepage -- somewhere between a trance experience and an art therapy session -- I began the process of redesigning my temporary bathroom. The original, underwhelming bathroom. Carly Quellman/CNET The AI renovation process Once I signed up and signed in, I toggled over to the Bathroom image as part of the Residential tab. (There are Exterior and Commercial tabs, too.) After a couple of attempts at capturing the entire space, I was able to upload the image of my Airbnb bathroom to the site. From here, I could decide the extent of my redesign, including Tweak, Enhance, Renovate and Transform. Since I was on the free plan, I had the option of using Renovate or Transform once before needing to upgrade. Renovate includes style themes and changes to layout, and it gives your space major furniture updates in hopes of crafting a fresh, new ambiance. Transform provides complete interior reinventions and provides structural modifications and design shifts that create an entirely new living environment. I stuck to Renovate. From here, there's an option to choose which room type you're redesigning, or you can have AI auto-detect based on the details within your image. I was excited about the next step, which is where you can add the style influences that artificial intelligence will use as a template for the redesign. I chose Japandi (Japanese mixed with Scandinavian), Zen and Urban styles. I imagined a bathroom design that oozed warmth, simplicity and refinement. The last three steps involve deciding if you'd like to preserve any objects from your photos, and choosing a color tone and descriptors to influence the AI-operated outcome. I added descriptors like minimalist, warm and refined. From here, I clicked the final button, which read Renovate, and waited for the newly generated image to appear. Renovate AI gave me three options based on my style choices and descriptor words. My favorite was the redesign that had warm lighting cascading over the mirror, and that contained paneling that enhanced the refined look I'd imagined. My favorite AI redesign of the bathroom -- though it did have some oddities. Created by Carly Quellman using Renovate AI Sure, it had some wonky features. A basket instead of a toilet, for one. A bamboo screen inside the shower for another (not sure how long that would last), and a circular rug that looks more like a platform or a lazy Susan. Definitely less dull, though -- and it'll point you in the direction of the vibe you're going for during your remodeling project. There isn't an option within the app for a "redo" (so I essentially had to stick with one of the three designs per my free plan), but for an initial trial run, I was pleasantly surprised with the outcome. Even through the lens of artificial intelligence, good — or upgraded — design can truly make a space feel bigger. Who should use Renovate AI? Design can be grueling to learn if it's not your area of expertise, so I appreciate how artificial intelligence can broaden the range of users to include people who have no design experience but do have a desire to be immersed in design's possibilities. I've always had a hard time nailing down what kind of design type I like, so I was immediately excited when I found a platform that offered the capability to "redesign" a space in response to a picture upload and a "style" choice. (Who doesn't like to look at visually stimulating things?) Whether you're someone like me, who simply wants to reimagine their Airbnb, or someone who's looking to remodel a room or their entire house, in my opinion Renovate AI is thoughtful and inclusive. Besides design "renovations," the platform also offers virtual staging and 3D renders, along with the ability to change interior and exterior paint colors and to upscale blurry images. I imagine that if someone like me enjoyed the experience of such a tool, folks in the industry would find it fascinating — if for nothing more than insight into how design choices influence data, or to quickly get a feel for different designs. I'm all in on something that can help refine or organize a process and strengthen communication in a visually stimulating way. All to reimagine any world, in seconds. Isn't that what dreaming is all about?
CBS News
24 minutes ago
- CBS News
Is a high-yield savings account worth it in today's economy? Here's what savings experts think.
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. If you want to earn more interest on your money, it could be time to open a high-yield savings account. Getty Images While there are numerous interest-bearing deposit accounts for savers to consider, high-yield savings accounts have become a popular financial tool. These accounts are easy to open from the convenience of your own home, thanks to the wide variety of online banks that offer them. And unlike traditional savings accounts, high-yield savings accounts allow you to earn hefty returns on your savings. Like other savings tools, though, the potential returns on high-yield savings accounts are largely dependent on the economic climate. These accounts were especially worth considering in recent years, as interest rates were high overall thanks to the fight against elevated inflation. When the Federal Reserve lowered the federal funds rate in late 2024 and early 2025, though, many high-yield savings account rates dropped in tandem. That, in turn, led to questions about whether it was really worth it to open this type of savings account. Whether a high-yield savings account is ultimately worth it for you depends on a range of factors, including your savings goals and liquidity needs, so you'll need to weigh all the factors to determine whether opening one is the right move. But to help you decide, we spoke with savings experts to find out if these accounts are still worth it in today's economic climate. Find out how to earn more with the right high-yield savings account now. Is a high-yield savings account worth it in today's economy? Here's what experts had to say about opening this type of savings account in this economy: These accounts offer an opportunity to earn more A high-yield savings account can help you earn considerably more than you would in a traditional savings account. Right now, the average traditional savings account rate is just 0.42%, which doesn't really equate to a meaningful return on your savings. High-yield savings accounts, on the other hand, typically have returns that are many times that. "High-yield savings accounts do what most savings accounts don't: actually earn something, " says Ryan McLin, a CFP with Impact Wealth Group. "With rates often 10x higher than traditional savings accounts, they're ideal for emergency funds and cash reserves." To give you an idea of how much better the earning potential is with a high-yield savings account, imagine you had $10,000 of savings to deposit. In a high-yield savings account with a 4% interest rate, you would earn more than $400 in the first year and more than $2,200 after five years. Meanwhile, you would earn about $211 in interest on $10,000 after five years in a traditional savings account with a 0.42% return. According to McLin, these accounts are well-suited to short-term financial goals, such as the down payment on the home you're planning to buy in the next year or two. They're also the best place to house your emergency fund, thanks to the safety and liquidity they offer. Explore your high-yield savings account options and get started today. High-yield savings account rates remain high for now Interest rates on high-yield savings accounts are variable, so they generally ebb and flow based on the Federal Reserve's federal funds rate and other economic conditions. When the Fed lowers rates, the rates on high-yield savings accounts typically also decline (and vice versa). "After the Fed raised rates and then hit pause, we saw high-yield savings accounts hold steady with some of the best rates we've had in years," says Michael Rodriquez, a certified financial planner with Equanimity Wealth. "Online banks are still competing for deposits, which is keeping rates elevated for now. It's been a rare bright spot in a pretty uncertain economy." Though rates may be a bit lower than they were throughout parts of 2023 and 2024 when the federal funds rate was higher, it's still possible to find high-yield savings account rates of 4% or more currently. Rates on these accounts vary from one bank to the next, though, so it's worth shopping around for one with a competitive return. Of course, there's no guarantee high-yield savings account rates will remain high. If the Fed decreases the federal funds rate, you can expect high-yield savings account rates to dip. But even at their lowest rates, these accounts tend to offer more generous returns than traditional savings accounts. High-yield savings accounts aren't a substitute for investing While high-yield savings accounts are an excellent option for emergency savings and short-term financial goals, they aren't a suitable replacement for investing. "Don't let interest earned in high-yield savings account replace what equity and even bond markets can offer over the long term," says McLin. "This account isn't for growing wealth but making sure accessible cash doesn't lose purchasing power over time." According to the U.S. Securities and Exchange Commission, the stock market has an average historical return of about 10% per year. On the other hand, you'd be lucky to earn 5% in a high-yield savings account. This can make high-yield savings accounts less than ideal for things like your retirement savings, where the goal is growing wealth rather than just preserving it. Your high-yield savings account should also be just one part of your overall financial plan. Generally speaking, you'd turn to stocks and other investments for your retirement and long-term savings and reserve your high-yield savings account for emergency and short-term savings. You may want to consider CDs as an alternative High-yield savings accounts are one option for short-term savings, but they aren't the only option. You may also consider certificates of deposit (CDs). CDs have set terms and fixed interest rates, so you're able to lock in today's high rates for the full CD term. "Short-term CDs, those with maturities of under a year, offer more flexibility, while long-term CDs (one year or longer) typically provide higher interest rates in exchange for less liquidity," says Matt Hicks, VP of Deposit Products at First Tech Federal Credit Union. "However, with the current interest rate environment, consumers can still find short-term certificates with rates equal to or greater than those of their long-term counterparts." Some banks offer more competitive rates on CDs than on high-yield savings accounts, which can make them a solid choice. However, CDs also require you to lock up your funds for the full term. If you do withdraw money early, you will generally face early withdrawal penalties. The bottom line High-yield savings accounts can still be worth it in today's economic climate, especially compared to traditional savings accounts. While rates are a bit lower than they were a year or two ago, high-yield savings accounts remain one of the best tools for your short-term and emergency savings. Just make sure to think of a high-yield savings account as a part of your financial strategy instead of the entirety of it. When combined with other financial tools, though, high-yield savings accounts can help you meet your financial goals and preserve the value of your hard-earned savings.
CBS News
25 minutes ago
- CBS News
Millions made available for Florida universities to pay student-athletes
Pointing to a need to avoid a disadvantage in recruiting athletes, Florida university-system leaders Wednesday made up to $22.5 million available for each state university to share revenues with athletes. The system's Board of Governors approved the funding, which will be available annually at that level as a loan or transfer for the next three years. It is designed to help carry out a new revenue-sharing model with athletes under a national legal settlement in a case known as House v. NCAA. Will help put universities into a position to compete for talent It comes amid massive change in college sports, in part because of athletes now being able to cash in through "name, image and likeness" deals. Traditionally, college athletes could not be paid. Board of Governors member Alan Levine said the money approved Wednesday "takes some of the pressure off the donors" now funding name, image and likeness deals and ensures "we put our universities in as advantageous a position as possible to compete." The settlement, approved June 6 by U.S. District Judge Claudia Wilken of the Northern District of California, in part establishes a 10-year model for NCAA Division I schools to expand rosters and directly pay athletes for their names, images and likenesses. "They're already out there trying to sign contracts with these athletes," Levine said. "And if we don't act, there's a really good chance that our institutions will be severely disadvantaged. I don't think anybody wants that." Spending is capped per school Payments, expected to go primarily to students who play football and men's basketball, would be in addition to currently allowed individual name, image and likeness deals, where money is often raised and distributed through what are known as "collectives" and other organizations tied to schools. Under the settlement, schools that opt in to the plan could spend up to a capped amount on direct payments and roster-expanding scholarships. For the 2025-2026 school year, the cap would be set at $20.5 million per school. Peter Collins, chairman of the Florida State University Board of Trustees, said not every Florida school will reach the cap. "I don't know for sure everybody else around the table, but I know we will, because everybody that we play is spending in the cap," Collins said. The cap is based on calculations involving media, ticket and sponsorship revenue at schools in what are known as the "Power 5" conferences --- the Atlantic Coast Conference, Big Ten, Big 12, Southeastern Conference and Pac-12 --- and at Notre Dame. The additional $2 million being offered to schools would cover back-pay of certain athletes who played before name, image and likeness deals became legal in 2021.
