Why Fed Rate Hikes Affect Your Savings
CNET Money expert Laura Michelle Davis pours us a big cup of fed rates. Cheers! #fedrate #money #explainer #banking #debt
CNET
iPhone Duo Livestream: How Many Folds Can Apple’s Phone Take? Day 13
Apple’s iPhone Duo is out and we want to see how durable it is. So we built a robot to fold it 20,000+ times a day to test its limits. How long do you think it will last? 100,000 folds? 200,000 folds? 500,000 folds? Tune in and watch the testing live. We’ll have CNET’s editors…
Science & Technology
Why the data center you dread might never even be built | Equity Podcast
The data center boom is running into serious real-world obstacles, from widespread local opposition and permitting delays to a scramble for electricity. Before those challenges even come into play, though, there’s a more basic problem: A lot of the projects being announced may never get built in the first place. With billions of dollars in…
Bloomberg Technology
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It’s been a big month so far for American politics and the tech industry. Democrats deliver a sweeping win across the country, calling continued AI development into question. Nvidia launches an investigation into CEO Jensen Huang’s affair with an alleged Chinese spy. There are plenty of things to make investors jittery, yet we’re seeing a…
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@JaimeeNishiokaka
July 31, 2024 at 2:31 pm
My attempt at sexting ended with autocorrect changing “naughty” to “haughty.” Nothing like accidentally insulting your partner to kill the mood????
@lisaboban
July 31, 2024 at 3:00 pm
Sure. Except .. historically bank have been very slow to increase rates on savings and very fast to increase rate on debt. Many loans are tied to indexes like the Wall Street Journal rate or the Federal Home Loans Bank rates. But savings rates are “at the banks discretion”. So while your little coffee illustration is theoretically how things work, the reality is not so “sweet”.
@PMichaels
July 31, 2024 at 3:16 pm
Thanks, Obama… ????
@rawwr2469
July 31, 2024 at 6:27 pm
They must think we’re complete morons.