How the Fed’s moves are impacting CD rates
Interest rates on certificates of deposits (CDs) have increased substantially since 2022—in lock-step with the Fed’s rate hikes. The national deposit rate for 5-year CDs is currently 1.43%,...
The Fed plans to hold interest rates steady but may make a cut before the end of the year
After the pandemic, inflation skyrocketed as prices on everything from rent to food increased. In response, the Federal Reserve started increasing interest rates to cool the pace of...
Lululemon backtracks on yoga pants with weird backside
It’s not you, it’s the leggings. And even Lululemon knows it.
The athleisure brand made an almost $100 dollar pair of leggings that allegedly flattened customers’ behinds with an...
‘The whole office smelled like vomit’—100+ fall ill at TikTok parent company ByteDance after mass food-poisoning outbreak
A mass food-poisoning incident has affected more than 100 people at the headquarters of ByteDance, the company that owns TikTok, in Singapore—and the country’s food agency has suspended...
As a tech CEO I asked diverse female interns to expose biases in our AI chatbot. Here’s what followed
OpenAI’s technology development team consists of just 18% women. In a recent YouTube video announcement debuting the company’s ChatGPT-4o update—a “new flagship model which can reason across audio,...
The Fed sits patiently and signals rate cuts will happen this year
The Federal Reserve’s policymakers kept interest rates flat Wednesday, but signaled a rate cut would be coming soon.
The rate-setting committee offered few specifics on the central bank’s...
