Allegra Stratton: Has Keir Starmer Made Brexit 0.2% Better?
Hemmed in by his red lines, Keir Starmer has somehow managed to negotiate a new deal with the European Union.
Once more, there were late night talks, with the EU playing hardball until the last. Admittedly, Starmer has made some concessions – most notably on fish – but seems to be betting that the overall economic benefits of the deal will outweigh anger in fishing communities.
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CBS News
29 minutes ago
- CBS News
Is a $10,000 high-yield savings account still worth opening?
A $10,000 deposit into a high-yield savings account now can still make sense for many savers. Getty Images In the constantly changing economic landscape of recent years, it can be difficult to keep pace. Just five years ago, for example, the return savers could secure with high-yield savings and certificates of deposit (CDs) accounts were practically non-existent, often coming in under 1%. A few years later, however, rates surged and the interest-earning potential grew exponentially. Over the last year, meantime, inflation has declined significantly and multiple interest rate cuts have been issued. This hasn't caused rates on high-yield savings accounts to fall to the same point in 2020 … but they're clearly not as advantageous as they were in parts of 2023 and 2024, either. All of this context can lead savers to consider the benefits of this specific savings vehicle at present, especially if they're looking for a smart place to keep a five-figure amount of money, like $10,000 or more. While many savers would still find a $10,000 high-yield savings account to be worthwhile, some savers may not. In today's unique economy, then, is a $10,000 high-yield savings account truly worth opening? That's what we'll examine below. See how much more interest you could be earning with a top high-yield savings account here. Is a $10,000 high-yield savings account still worth opening? Here are four reasons why (and why not) this account type, in this amount, may (and may not) be valuable now: Yes, because interest rates are still high Sure, the high-yield savings account rates of the recent past are mostly gone now, but you can still easily find a rate over 4%, especially if you look to online banks, which can have fewer costs and higher rate offers for savers. Compared to the average 0.42% the traditional savings account now comes with, you're essentially losing money by not moving your funds out of that account and into one of the top high-yield savings accounts instead. Remember, 4% is $4 earned on every $100 deposited. A $10,000 deposit, then, at that rate over time could equate to significant earnings (assuming rates remain steady). Get started with a high-yield savings account online today. No, because interest rates could drop soon Most experts expect an interest rate cut for later this year, perhaps as soon as July or September, the next two times the Federal Reserve will meet after its June meeting (at which no cut is anticipated). When those rate cuts are issued, the rates on high-yield savings accounts will decline as well, both for prospective account-holders and existing ones, thanks to a variable rate on the account that changes frequently. Banks and lending institutions may not even wait for a formal rate cut to reduce the rates on their savings accounts, meaning rates here could soon drop, cutting your interest-earning potential quicker than initially anticipated. Yes, because you'll still maintain access to your funds In today's unpredictable economy, maintaining access to your money is critical. And you'll be able to do so with a high-yield savings account, unlike a CD, which requires you to keep the funds locked away for the full term. And locking $10,000 away right now, when inflation just rose, interest rates are high and broader economic concerns and market uncertainty are prevalent, simply may not be advantageous. Fortunately, this is a moot point with a high-yield savings account. Not only will you earn a substantial interest rate, but you'll be able to withdraw that earned interest (or more) whenever you want. No, because the interest-earning potential on CDs is greater Not only are CD interest rates higher than the top high-yield savings account rates now (you can get a 4.49% rate on a 6-month CD versus 4.30% on a high-yield account), but the interest-earning potential is greater thanks to the CD's fixed rate and compounding interest. Plus, with a CD, you can calculate the interest you'll earn with precision, unlike a high-yield savings account, which will largely be based on speculation and caveats. This is especially important when trying to maximize the benefits of a $10,000 deposit. If you want to earn as much interest as you can, then, with this amount of money, a CD is often one of the better ways to do so, even now. Get started with a high-rate CD online today. The bottom line The decision to deposit $10,000 into a high-yield savings account is largely a personal one, even in today's economic landscape. There are significant advantages and disadvantages to consider, especially considering the large deposit amount and particularly when matched against high-rate alternatives like CDs. For some savers, the high-yield account could still be their optimal recourse while others may elect for a CD while some other savers may elect to split the funds between both account types. Whatever choice you make, however, be sure to keep the money in a traditional account limited. With the average rate there so low, it makes sense to take advantage of high-rate alternatives while they're still plentiful.
The Hill
an hour ago
- The Hill
Investigators searching Air India crash site find digital flight data recorder
AHMEDABAD, India (AP) — India's Aircraft Accident Investigation Bureau has recovered the digital flight data recorder, or the black box, of the Air India flight that fell from the sky and killed 241 people on board and several people on the ground. The London-bound Boeing 787 struck a medical college hostel when it fell in a residential area of the northwestern city of Ahmedabad minutes after takeoff Thursday. The plane's black box was recovered from a rooftop near the crash site Friday and the investigation bureau said it has begun its work with 'full force.' The black box recovery marks an important step forward in the investigation, Civil Aviation Minister Ram Mohan Naidu said in a social media post. Separately, the country's civil aviation regulator issued an order directing Air India to do additional maintenance and enhanced safety inspections of its Boeing 787-8 and 787-9 Dreamliners equipped with General Electric's GEnx engines. The key inspections include fuel parameters, cabin air compressor, engine control system, hydraulic system and a review of takeoff parameters, according to the order. Investigators on Friday continued searching the site of one of India's worst aviation disasters and Prime Minister Narendra Modi met with the lone surviving passenger a day after the crash. DNA testing was being conducted to identify bodies that were mostly charred beyond recognition. More victims are expected to be found in the search at the crash site. There was no information on whether the black boxes — the flight data and cockpit voice recorders — had been recovered. The plane hit a building hosting a medical college hostel and burst into flames, killing several students, in the city that is the capital of Gujarat, Modi's home state. 'We are all devastated by the air tragedy in Ahmedabad. The loss of so many lives in such a sudden and heartbreaking manner is beyond words,' Modi said on social media after visiting the site. 'We understand their pain and also know that the void left behind will be felt for years to come.' The survivor was seen in television footage meeting Modi at the government hospital where he was being treated for burns and other injuries. Viswashkumar Ramesh told India's national broadcaster he still can't believe he was alive. He said the aircraft seemed to become stuck immediately after takeoff. He said then the lights came on, and right after that it accelerated but seemed unable to gain height before it crashed. He said the side of the plane where he was seated fell onto the ground floor of a building and there was space for him to escape after the door broke open. He unfastened his seat belt and forced himself out of the plane. 'When I opened my eyes, I realized I was alive,' he said. India's Aircraft Accident Investigation Bureau is investigating, and the U.S. participants in the probe are expected to include people from the National Transportation Safety Board, Federal Aviation Administration, Boeing and General Electric. Prof. Graham Braithwaite, director of Aerospace and Aviation at Cranfield University, said the primary goal of the investigation would be 'to find opportunities to prevent future accidents.' 'The multinational, multidisciplinary team will work together and can also involve specialists from the manufacturer or operator,' he said, 'but under very strict controls to ensure the independence of the investigation.' Medics are conducting DNA tests to identify those killed, the president of the Federation of All India Medical Association, Akshay Dongardiv, said. Meanwhile, grieving families gathered outside the Civil hospital in Ahmedabad on Friday. Two doctors at the hospital said the bodies of four medical students killed on the ground after the plane crash were handed to their families. They said at least 30 other injured students were still admitted in the hospital and at least four of them were critical. Modi held a meeting with senior officials Friday and met some of those injured on the ground during the hospital visit. Thursday's Air India crash involved a 12-year-old Boeing 787. Boeing planes have been plagued by safety issues on other types of aircraft. According to experts, there are currently around 1,200 of the 787 Dreamliner aircraft worldwide and this was the first deadly crash in 16 years of operation. Indian conglomerate Tata Sons took over Air India in 2022, returning the debt-saddled national carrier to private ownership after decades of government control. Since the takeover, Air India has ordered hundreds of new planes, redesigned its branding and livery and absorbed smaller airlines Tata held stakes in. Residents living in the vicinity, who were among the first to rush to the crash site and help with rescue, described the scale of damage like they had never seen. 'In the beginning, I couldn't understand anything, it was only smoke everywhere. We could see some small parts (of the plane) burning,' Indrajeet Singh Solanki said. Solanki said he and many others helped the injured people and rushed them to hospitals. 'We had only one aim: to save lives no matter what happens,' he said. The tragedy has left him shaken. 'It will be hard to sleep for the next few days at least,' Solanki said. A bomb threat message on Air India flight AI 379, which was bound for New Delhi from Phuket International Airport in southern Thailand, was found in a lavatory shortly after the plane took off Friday, officials said. The plane requested an emergency landing back at Phuket and all 156 passengers were evacuated before authorities began an inspection of the plane, the airport said. Thai authorities said the plane, passengers and luggage were thoroughly inspected and they found nothing suspicious. The airport and airline said the pilot wished to resume the flight and the plane took off again in the afternoon without one passenger who did not want to continue. ___ Roy reported from New Delhi and Hussain reported from Srinagar, India. Jintamas Saksornchai in Bangkok, Thailand, and Piyush Nagpal in Ahmedabad, India, contributed to this report.
Bloomberg
an hour ago
- Bloomberg
OpenAI to Continue Working With Scale After Meta Deal, CFO Says
OpenAI said it will continue working with Scale AI after Meta Platforms Inc. made a multibillion-dollar investment in the startup, as it seeks to maintain a broad ecosystem of data sources. 'We don't want to ice the ecosystem because acquisitions are going to happen,' OpenAI Chief Financial Officer Sarah Friar said at the VivaTech tech conference in Paris on Friday. 'If we ice each other out, I think we're actually going to slow the pace of innovation.'
