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These satin pillowcases are down to $5 a pair: ‘Excellent for thinning hair’
Why you can trust usWe may earn commission from links on this page, but we only recommend products we believe in. Pricing and availability are subject to change. Updated September 6, 2024 at 1:07 PMWith so much of our lives spent in Dreamland, having great bedding is a must. So imagine our delight when we found a set of pillowcases that will not only make your bedroom look and feel more luxurious, they also provide beauty benefits (you'll find out how in a second). Meet Amazon's No. 1 bestselling Bedsure Satin Pillowcases, starting at only $5 a pair — a dreamy 57% off.
The full list of major US companies slashing staff this year, from Tesla and Lucid Motors to Goldman Sachs and Shell
Careers The full list of major US companies slashing staff this year, from Tesla and Lucid Motors to Goldman Sachs and Shell Lakshmi Varanasi, Sarah Jackson, Jordan Hart, Beatrice Nolan, Hannah Getahun, Geoff Weiss, Aaron Mok, Dominick Reuter, Shubhangi Goel, Jyoti Mann, Alex Bitter, Kenneth Niemeyer, Katie Balevic, Erin Snodgrass, Lloyd Lee, Madeline Berg, and Kwan Wei Kevin Tan Updated 2024-09-06T16:09:50Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link. It symobilizes a website link url. Copy Link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Article Icon A bookmark Save Read in app Angle down icon An icon in the shape of an angle pointing down. Goldman Sachs plans to lay off more than 1,300 workers, The Wall Street Journal reported. Michael M. Santiago/Getty Images Last year's job cuts weren't the end of layoffs. Further reductions continue in 2024.Companies like Goldman Sachs, Tesla, Google, Microsoft, Nike, and Dell have announced plans for cuts.See the list of companies reducing their worker numbers in 2024.
Where the suspected Georgia school shooter got the gun
A day after the fatal shooting at Apalachee High School in Winder, Georgia, authorities are releasing more information about the gun used in the incident that killed two students and two teachers and wounded nine others.The suspected shooter, Colt Gray, was the latest to use a type of weapon that has been commonly used in mass shootings, including the deadly school shootings at Marjorie Stoneman Douglas High School in Parkland, Florida, and Robb Elementary School in Uvalde, Texas, as well as mass shootings at a Buffalo, New York, supermarket and on the Las Vegas Strip.Here's what to know about the gun authorities say was allegedly used by the 14-year-old suspect, who has been charged with four counts of felony murder. What was the gun used in the Georgia school shooting?Authorities said Wednesday the weapon the suspect used was an AR-style platform rifle. These weapons, based on the AR-15 design, are lightweight, semiautomatic rifles popular with consumers. While often called "assault rifles" — a term gun advocates say is misleading — the "AR" stands for ArmaLite, the company that developed the original AR-15.The high velocity ammunition shot by these types of weapons can shatter bone, but thousands are sold each year. How did the suspected Georgia shooter get the gun?In the Apalachee High School shooting, CBS News has learned that police and federal agents are investigating if the suspect received the weapon as a gift from his father, Colin Gray, in December 2023, according to four federal law enforcement sources close to the investigation. That would have been about seven months after law enforcement officers talked to the teen and his father in an investigation of online school shooting threats.The 54-year-old father was arrested Thursday on charges of second-degree murder, involuntary manslaughter and cruelty to children, according to the Georgia Bureau of Investigation. "These charges stem from Mr. Gray knowingly allowing his son, Colt, to possess a weapon," GBI Director Chris Hosey said in a news conference Thursday night. During a May 2023 investigation into online threats of a shooting, local police spoke with the suspect's father, who said he, the father, owned hunting rifles but the teen did not have unsupervised access to them, according to incident reports obtained by CBS News. Are these guns legal in Georgia?Under both state and federal law, the teenager would not have been legally allowed to buy a handgun, rifle or shotgun. According to the Giffords Center, individuals must be at least 18 years old to purchase handguns in Georgia, while federal law sets the same minimum age for buying shotguns and rifles, as stated by the Bureau of Alcohol, Tobacco and Firearms.Is there a lot of gun violence in Georgia schools?Over the past decade, Georgia ranks 10th in the nation for school campus gun violence per 100,000 people, and 16th for deadly school shootings per capita, according to a CBS News analysis of data from the K-12 School Shootings Database and population estimates from the 2020 U.S. Census.What are Georgia's gun laws?Adults in Georgia are not required to have a permit to buy rifles, shotguns or handguns, nor do they need to register their firearms with the government. Additionally, no permit is needed to carry rifles and shotguns, according to the National Rifle Association Institute for Legislative Action.In 2022, Georgia passed a law allowing permitless carry, which eliminated the need for a license, fingerprinting and a background check to carry concealed weapons in public.According to a CBS News analysis, Georgia's laws are among the least strict in the nation. Does Georgia have a red flag law?Extreme risk protection orders, which are commonly referred to as "red flag" laws, allow a court to order the temporary removal of guns from someone deemed at risk of harming themselves or others. Twenty-one states have these kinds of laws in place, but Georgia is not one of them, according to Everytown, a gun safety advocacy group.Georgia state Rep. Gabe Okoye, a Democrat whose district is near Winder, told CBS News that a red flag law in Georgia could have prevented the Apalachee High School shooting. "If we had a red flag law, I believe this wouldn't have happened, because the child had been flagged several times before," he said.In some states, family members can file extreme risk protection orders. In other states, petitions can only be filed by law enforcement. Petitions filed by law enforcement tend to be successful in front of the judge, said April Zeoli, a University of Michigan associate professor who studies these laws, and the court can require guns to be removed from the home or secured safely in the home or outside. Petitions filed by family members tend to have more approval challenges as "it's easier for law enforcement to figure the whole process out more than civilians, as they know what counts as evidence or not evidence," said Zeoli.How successful are red flag laws at stopping mass shootings?Zeoli has been directing a six-state study — the largest in the U.S. — on extreme risk protection orders. Preliminary data gathered by the research team on roughly 6,500 cases filed in states such as Michigan, Vermont and Florida, showed that around 3% of these orders were filed in cases involving juveniles, Zeoli said. Approximately 10% were filed in cases involving people who have threatened mass shootings, and the majority of extreme risk protection orders were filed for suicidal risks or mental health issues."What we know is extreme protection orders for mass shootings are not associated with later mass shootings," said Zeoli. "Those people don't go on to commit mass shootings." However, she cautioned, that it remains difficult to quantify whether the extreme protection order stopped the shooting, or whether other factors were involved.Law enforcement faces challenges on the ground as well, said Christopher Carita, a detective with the Fort Lauderdale Police Department who investigates threats of mass gun violence and other cases requiring the use of an extreme protection order. He said he's investigated about 30 cases involving juveniles and that invoking a petition can "turn lives around one to two years later."Mass shooting incidents where four or more people are killed or injured represent only a small fraction of the numbers of gun deaths and injuries at schools in the U.S. More than 75% of the deaths and 68% of people wounded are in incidents that are not classified as mass shootings and don't garner as much attention, according to the K-12 School Shootings database. Sarah Metz and Grace Manthey contributed to this report.
15 brilliant fall fashion deals at Nordstrom: Save on boots, jackets, coats and more
Why you can trust usWe may earn commission from links on this page, but we only recommend products we believe in. Pricing and availability are subject to change. Updated September 6, 2024 at 9:29 AM15 brilliant fall fashion deals at Nordstrom: Save on boots, jackets, coats and moreSummer isn't over yet, but it's getting close. Case in point: Nordstrom's End Of Summer Sale is going on now, and you'll get up to 60% off stylish finds, from clothes and shoes to beauty bag essentials and even home goods. For a limited time you can also get an extra 25% off select clearance items so the brand can make space for brand new fall finds for the season.But if fall fashion is what you're looking for, there actually is a lot of it hiding within the sale racks. We found rain jackets (for both men and women) on sale, as well as boots, loafers and even sweaters for the whole family. Autumn might not be here yet but you'll be prepared when it arrives.From a cozy throw blanket for just $35 to quilted puffer coat that you'll want to wear on repeat all winter long, there are a lot of fall fashion deals at Nordstrom worth browsing before this sale ends on Sept 10th. Take a look.
Savings interest rates today: Clock’s ticking on premium APYs of up to 5.50% ahead of Fed cuts — Sept. 6, 2024
Why you can trust usWe may earn commission from links on this page, but we only recommend products we believe in. Pricing and availability are subject to change. Updated September 6, 2024 at 8:13 AMSavings interest rates today: Clock's ticking on premium APYs of up to 5.50% ahead of Fed cuts — Sept. 6, 2024As a Fed rate cut looms — the first in four years — the only question is how deep the Federal Reserve will go when it meets in two weeks: by a quarter point or a half point?Among the safest ways to prepare for lower interest rates is by moving your money to a high-yield savings account. Digital banks and online accounts continue to pay out APYs of up to 5.50% — more than 10 times the national savings average — with no fees, no minimum balance requirements and flexible banking and apps that make it easy to set up transfers, set long-term goals and track your progress for seamless money management. And just like your everyday savings, they're FDIC-insured with ready access to your money, whenever you need it, whether to pay for life's pleasures or unexpected expenses.Here's where to find the weekend's highest APYs for safer, faster savings growth over your simple savings — and before rates tumble.Today's best CD rates: Beat looming rate cuts with guaranteed APYs topping 5% into the weekendHigh-yield savings rates for September 6, 2024Today’s highest savings rates are at FDIC-insured digital banks and online accounts offering rates of up to 5.50% APY with low or no minimums at Poppy Bank, Western Alliance Bank, Jenius Bank and other trusted providers as of Friday, September 6, 2024.These digital accounts and online-only banks may not be familiar names, though each partners with an FDIC-insured bank to offer deposit accounts that are insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA) — just like those at your neighborhood bank.And while the Federal Reserve once limited transactions and withdrawals from high-yield savings accounts to six a month, that limitation is permanently suspended in the wake of the pandemic, with many banks no longer restricting how often you can move money in and out of your account.Dig deeper: How to find and open a high-yield savings account in 5 stepsTraditional savings account ratesThe Federal Deposit Insurance Corporation tracks monthly average interest rates paid on savings and other deposit accounts, like certificates of deposit, that offer insight into the interest you might receive at your local bank or on traditional accounts.Here's how FDIC national deposit rates on a $10,000 minimum deposit compare between July and August 2024 on traditional low-interest deposit accounts.Pulling back on average rate updates over the past year reveals minimal changes for traditional savings accounts with the highest increases on CDs of six months between August 2023 and July 2024.The FDIC is an independent government agency charged with maintaining stability and public confidence in the U.S. financial system and providing insurance on consumer deposit accounts.What is a savings account?A savings account is a type of deposit account designed for storing money you don’t expect to use for regular expenses, like paying bills or buying groceries. These accounts don't typically offer check-writing privileges or debit cards, though you can find limited checking with a high-yield money market account.Saving accounts earn you interest on your balance — anywhere from a modest 1% APY with a traditional account to a lucrative 5% APY and higher for high-yield accounts — compounding what you earn and helping your savings to grow faster.Simple interest vs. compound interestSimple interest refers to the interest you earn on your principal balance only. Let's say you invest $10,000 into an account that pays 3% in simple interest. After three years, you’d have earned $900 in interest — $300 each year — for a total of $10,900 in your account.Now let's say you invest $10,000 in an account that pays 3% compounded annually. At the end of the first year, you'd have earned $300 in interest, for a total of $10,300 in your account. If you left your account as is for another year, you’d have earned another $309 in interest — $300 on your initial deposit and another $9 on the interest reinvested from year one — for a new total of $10,609. Year three, you’d earn another $318.27 in interest — $300 on your initial deposit and another $18.27 on the interest you earned. At the end of the same three years, you'd have earned $927.27 in interest for a total of $10,927.27 in your account — and that's without additional contributions to that initial $10,000.Savings accounts can compound daily, monthly or quarterly, depending on the bank and account. The more frequent the compounding, the more you can earn — so read your account's disclosure statements to understand how often your interest is compounded and credited to your account. Larger balances over longer periods can add up to even more significant savings.Compounding and crediting disclosure for Capital One 360 Performance Savings (Capital One)High-yield savings accounts vs. traditional savings accounts: What's the difference?There’s no official definition for either of these accounts. Rather, each is a type of deposit account that can earn you incremental interest on your balance, helping you to grow your savings. The money you save in these accounts is federally insured up to $250,000 by the FDIC or the NCUA for up to $250,000 per person, per account, protecting your nest egg against risk.Your earning potential is the most important difference between an HYSA and a traditional savings account. A high-yield savings account can earn you significantly more interest than a traditional savings account, with digital banks and online accounts offering the strongest rates, passing along overhead savings in the form of high yields — more than 10 times the national average when compared to a traditional account. The best of these digital banks and online accounts come with no fees and no minimum deposits, removing any challenges to maintaining your account over the long term.Dig deeper: High-yield savings vs. traditional savings account: Why it’s worth the switchHow to compare the best savings accountsDigital banking opens up more competitive rates and fewer fees than your neighborhood brick-and-mortar bank, and robust apps make it easy to keep an eye on your balance, manage money among everyday accounts and deposit checks from your smartphone or tablet.Yet while it's tempting to choose an account based only on its highest advertised APY, interest rates on savings accounts are variable — meaning rates can fluctuate after you open one and change over time. And you could be earning a lower rate if the Fed cuts its benchmark interest rate later this year.Instead, look for an account that fits the way you like to bank, weighing factors that include:Promotional rates. Today's high-yield accounts can earn 5% APY and higher. Yet some accounts advertise promotional or limited-time rates to entice you to sign up before adjusting to a lower rate based on market conditions.Low or no minimums. The best savings accounts require no minimum deposit or balance to earn interest, though you might be required to open with a minimum deposit or maintain a specific monthly balance to avoid monthly maintenance or service fees.Ease of accessing your money. Look for flexibility that includes ATMs and mobile apps that accept checks for deposit — or branch access, if you prefer in-person banking.FDIC or NCUA protections. Savings accounts are federally insured for up to $250,000 per account, per person — which means your money is safe up to the limit.Dig deeper: Can you lose money in a high-yield account? It's unlikely, but here's what to watch out forOther deposit accounts to save and grow your moneyA savings account can offer flexible access to your money, but it isn’t the only safe place to store your savings and earn interest on your balance. Look to these alternatives that offer steady returns at APYs that can outpace traditional accounts.Certificate of deposit. A CD guarantees a high fixed rate of return on a principal deposit at the end of an agreed-on term. CDs differ from savings accounts in that you risk a withdrawal penalty if you need to access your money before the CD matures — though a short-term CD ladder can help you leverage high-rates with rolling returns while interest rates are strong.Money market account. Also called a money market savings account, the rate on an MMA can beat those of traditional savings accounts, with the same access to your money.High-yield checking account. A high-yield checking account is like a money market account in that it combines high APYs with checking benefits, but with unlimited debit and check-writing privileges you won't find with an HYSA or MMA.Dig deeper: HYSA vs. money market account: Which high-APY account is best for your nest egg?Savings rates and high-interest accounts in the newsSavings rates strongly correlate with the target interest rate set by the Federal Reserve, the country’s central bank. This Fed rate is the benchmark that affects interest rates set for deposit accounts, loans, mortgages, credit cards and other financial products. As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 5% APY.The Federal Reserve increased the target interest rate 11 times from March 2022 to July 2023 in an effort to combat the highest inflation in four decades coming out of the pandemic.July 31, 2024: Fed holds benchmark rate unchanged for eighth — and likely final — timeAt the conclusion of its fifth rate-setting policy meeting of 2024 on July 31, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50% for an eighth straight time since July 2023.In its post-meeting statement, the Federal Reserve said "risks to achieving its employment and inflation goals continue to move into better balance,” acknowledging “there has been modest further progress toward the Committee's 2 percent inflation objective,” but reiterated from its June statement that its rate-setting committee "does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent."Economists estimate at least one rate cut this year with an additional four cuts anticipated in 2025.What to expect at the Fed's September policy meetingIt's widely expected the Federal Reserve will announce the first of anticipated cuts to the federal funds rate at its next policy meeting on September 17 and September 18, 2024 — its first rate cut in four years. In question is how low the Fed will go: whether 25 basis points or 50 basis points. The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 57% chance the Fed will cut rates to a range of 5.00% to 5.25%, with a 43% chance that the Fed will cut rates to a range of 4.75% to 5.00%.Signs of cooling inflation have bolstered a September cut prediction, with economic data indicating a continued decline from a peak of 9.1% in June 2022 to rates that have ranged from 3% and 4% since May 2023. Economists have kept a close eye on inflation reports amid speculation as to the timing of Fed rate cuts.Good news supporting slowing inflation came from the one-two punch of twin inflation reports in mid-August. The producer price index data released on August 13 reported a mild increase in wholesale prices — or the prices manufacturers pay to producers of goods and services — in July, with wholesale prices increasing 2.2% for the 12 months ending in July, slowing as expected from 2.7% in June, which at the time was the largest year-over-year gain since March 2023 and likely influenced an already cautious Fed to skip cutting the rate earlier. The consumer price index released on August 14 showed consumer prices rose 2.9% year over year in July, down from 3% in June — the first time the index has come in under 3% in three years.The initial jobs report released August 2 revealed softer growth and a rising jobless rate for a fourth consecutive month to 4.3% — its highest since October 2021, which stoked fears the Fed might have waited too long to lower rates. An August 21 revision to employment data indicated the labor market may have been cooling before initially thought, with 818,000 fewer jobs created from April 2023 through March 2024. Fresh employment data is due on September 6.In prepared remarks for his keynote at the Fed's annual economic conference in Jackson Hole, Wyoming, on August 24, Federal Reserve Chair Jerome Powell said the "time has come" for the Fed to begin reducing interest rates, noting "there is good reason to think that the economy will get back to 2% inflation while maintaining a strong labor market" and making it more likely a cut is to come in September.The Powell-led rate-setting panel will announce a rate decision at the conclusion of its meeting on September 18, 2024, at 2 p.m. ET.Dig deeper: When’s the next Federal Reserve meeting? The FOMC — and how it affects your financesKey terms to knowAnnual percentage yield. Called the APY, this is the total amount of interest you'll earn on your deposit over one year, including compound interest, expressed as a percentage.Member FDIC. When a bank or financial institution is advertised as a member of the FDIC, it means that your money is protected by the Federal Deposit Insurance Corporation. Funds held by member FDIC institutions are insured and federally protected for up to $250,000 per depositor, offering a layer of protection if the bank were to go out of business.Maintenance or service fee. Some banks charge fees each month for simply holding your money, but many of the best high-yield savings accounts charge no monthly maintenance fees if you can meet account requirements.Minimum deposit. As with monthly fees, some banks require you to deposit a minimum amount of money when opening your account as a way for them to profit from fees if required balances aren't met. The best high-yield savings accounts require no minimum balances to earn high rates of interest.Variable APY. APYs can be fixed or variable, depending on the type of deposit account. Fixed rates don't fluctuate when, say, the Fed rate changes, while variable APYs do. Confirm the type of rate for the account you're interested in to understand whether the rate is fixed or variable.Federal Reserve. The Federal Reserve — or Fed — is the central bank of the United States and the anchor of the financial system. Its Board of Governors is appointed by the president and confirmed by the Senate with the goals of maximizing employment, stabilizing prices and moderating long-term interest rates.Frequently asked questions about savings accountsLearn more about how savings accounts work when narrowing down the best for your budget, lifestyle and financial goals.`What is compound interest?Compound interest is often described as earning interest on your interest. It’s a powerful way to boost your savings over time by earning interest on both your initial deposit and any interest you earn along the way. An account's APY is the total amount of interest you'll earn on your deposit over one year, including compound interest, expressed as a percentage, with many HYSAs compounding daily or monthly.Do I need to pay taxes on a savings account?Yes. Interest you earn on your savings account is considered taxable income by the IRS. If you earn more than $10 in interest in a calendar year, your bank or financial institution will send you a Form 1099 to file with your annual tax return.Which is best: fixed rates or variable rates?There's no best type of interest rate — rather, the difference is that fixed rates stay the same over time while variable rates can change based on market conditions. In many cases, the choice between fixed and variable rates will be a choice between products. Learn more about the difference between fixed and variable rates, and the ways they affect how you borrow and save money.How do banks make money on savings accounts?Banks charge higher interest rates on money they lend out to borrowers than the interest they pay on customer deposit accounts. The difference is called a spread, and it’s what banks rely on to make money.Online banks and digital accounts don't require the overhead of brick-and-mortar branches, allowing them to pass along savings to you in the form of even higher APYs than you might find in your neighborhood.Is my money safe with an online-only neobank or digital account?Yes. Neobanks are fintech — or financial technology — companies that partner with more recognizable FDIC-insured banks to offer deposit accounts protected by the government for up to $250,000. The FDIC insures the safety of your money, even if the neobank or fintech were to fail or go out of business. Look for terms like "member FDIC," "FDIC insured" or "NCUA insured" when comparing your options. Learn more about how to confirm your bank is FDIC-insured.Editor's note: Annual percentage yields shown are as of Friday, September 6, 2024, at 8 a.m. ET. APYs and promotional rates for some products can vary by region and are subject to change.SourcesConsumer Price Index Summary, U.S. Bureau of Labor and Statistics. Accessed August 15, 2024.Producer Price Index News Release summary, U.S. Bureau of Labor and Statistics. Accessed August 14, 2024.Employment Situation Summary, U.S. Bureau of Labor Statistics. Accessed August 5, 2024.2024 Preliminary Benchmark Revision, U.S. Bureau of Labor and Statistics. Accessed August 5, 2024.National Rates and Rate Caps, FDIC. Accessed August 20, 2024.CME FedWatch Tool, CME Group. Accessed September 6, 2024.
