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Banks are paying savers again after many years of low rates

Published Wed, 26 Feb 2025 18:38:14 GMT

NEW YORK (AP) — Americans are finally reaping some benefit from keeping their money in the bank.Banks are paying up for savers’ deposits in a much bigger way than they have in more than a decade, based on recent earnings reports from the nation’s biggest banks. After a decade of low interest rates, the Federal Reserve has unleashed a rapid series of rate hikes to combat inflation, pushing up its benchmark rate to a range of 4.75% to 5%. That has prompted banks to pay higher interest on traditional savings products like money market funds, certificates of deposit and regular savings accounts. A 24-month CD, a common savings product for medium-term savers, is now carrying an average yield of 4.81%, according to the Federal Reserve Bank of St. Louis. That’s up from a 1.18% yield only a year ago. Further, non-bank names such as Apple are getting into the deposit game, giving savers even more options. Banks were initially slow to raise their payouts as the Fed raised rates be...

Suburban home invasion suspect allegedly punched K9 before being bitten, arrested

Published Wed, 26 Feb 2025 18:38:14 GMT

LAKE COUNTY, Ill. — A man accused of a home invasion allegedly punched a Lake County K9 before being bitten and arrested.On Sunday at around 8:30 p.m., authorities were dispatched to the 36200 block of North Old Creek Court, located in unincorporated Gurnee, for a possible home invasion.A 911 caller told authorities he was on FaceTime with a 36-year-old woman. While speaking to her, a man appeared in the video behind the woman. Police said she then screamed and the FaceTime call disconnected.Authorities arrived to the home and located the woman, who had been battered. Police believe a former acquaintance of the woman, Joshua Simmons, 34, of Dublin, Georgia, allegedly forced entry and struck her in the face and neck after taking her phone.Simmons allegedly fled on foot when police arrived and he was found in a three-seasons room of another home after a one-mile track with police K9 Dax, authorities said.K9 DaxPolice said Simmons refused to surrender and K9 Dax was deployed to try to ...

Owner, employees of New York midwife practice charged with distributing fake vaccine cards

Published Wed, 26 Feb 2025 18:38:14 GMT

(The Hill) -- The owner and two employees of a New York midwife practice have been charged with distributing fake vaccine cards, the Justice Department (DOJ) announced.Two nurse midwives at Sage-Femme Midwifery PLLC, one of whom is the owner, and a nurse at the practice face charges that they conspired to defraud the United States by enrolling the clinic as an authorized COVID-19 vaccine administration site and providing vaccination cards to unvaccinated people, according to the DOJ. They also allegedly destroyed vials of the COVID-19 vaccine that patients were meant to receive."Even though Sage-Femme was a small midwife practice, the defendants’ fraud turned it into one of the busiest vaccination sites in New York State, outpacing large, state-run vaccination sites," the DOJ said. Book ban list: These 13 titles are targeted most Two other individuals were separately charged with conspiracy to commit wire fraud and bank fraud, money laundering conspiracy and money laundering for...

Did Ed Sheeran song copy Marvin Gaye's 'Let's Get It On'? Trial to decide

Published Wed, 26 Feb 2025 18:38:14 GMT

NEW YORK (AP) — Jury selection and opening statements are set to begin Monday in a trial that mashes up Ed Sheeran's “Thinking Out Loud” with Marvin Gaye's “Let's Get It On.”The heirs of Ed Townsend, Gaye's co-writer of the 1973 soul classic, sued Sheeran, alleging the English pop star's hit 2014 tune has “striking similarities” to “Let's Get It On” and “overt common elements” that violate their copyright.The lawsuit filed in 2017 has finally made it to a trial that is expected to last a week in the Manhattan federal courtroom of 95-year-old Judge Louis L. Stanton.Sheeran, 32, is among the witnesses expected to testify.“Let's Get It On” is the quintessential, sexy slow jam that's been heard in countless films and commercials and garnered hundreds of millions of streams, spins and radio plays over the past 50 years. “Thinking Out Loud,” which won a Grammy for song of the year, is a much more marital take on love and sex.While the jury will hear the recordings of both s...

Chicago police identify young boy, cancel alert

Published Wed, 26 Feb 2025 18:38:14 GMT

CHICAGO — Chicago police have identified a young boy found in Austin.The boy, who is between 2 and 3 years old, was found in the 100 block of North Lotus Avenue, Chicago police said.Read more: Latest Chicago news headlinesAdditional information hasn't been released.

Former NICU babies reunite with hospital care teams, walk in 'graduation' ceremony

Published Wed, 26 Feb 2025 18:38:14 GMT

AUSTIN (KXAN) -- A very special reunion happened at Q2 Stadium over the weekend. Former neonatal intensive care unit, or NICU, babies and their families had the chance to reunite with the teams who cared for them in the hospital. The reunion was held Sunday at Q2 Stadium by the nonprofit Hand to Hold in partnership with St. David's HealthCare. There was also a graduation ceremony to celebrate former NICU babies of any age. Since many NICU babies have a long stay in the hospital, parents often form lifelong relationships with their doctors and nurses, the nonprofit said. For many who attended, the reunion allowed them to get together for the first time since the pandemic."They see their NICU nurses more than they do their own family members because they're in that NICU every day taking care of their child -- and so it's a very close bond that extends way past discharge," Rhonda Reed, director of the NICU at St. David's, said. This was the first citywide NICU reunion, where all health...

Book ban list: These 13 titles are targeted most

Published Wed, 26 Feb 2025 18:38:14 GMT

(NEXSTAR) – Attempts to ban books in libraries and schools have reached a 20-year high, the American Library Association said. On Monday, the group announced it had documented 1,269 demands to censor more than 2,500 titles in 2022. That's the highest number recorded since the ALA, which advocates for expanding libraries, literacy and intellectual freedom, started keeping track in 2001. The two titles most frequently targeted for censorship are newer releases: "All Boys Aren't Blue" and "Gender Queer." The rationale given by those seeking to remove them from libraries or schools, according to the ALA, was they contain "LGBTQIA+ content," which people "claimed to be sexually explicit." Texas tops list for most books pulled off shelf, report finds Many of the books on the 2022 list contain LGBTQ+ characters – part of a growing conservative effort to keep children from reading, talking or otherwise engaging with such issues. Florida legislators, for example, recently expanded what cr...

Kim Potter, former Brooklyn Center police officer who fatally shot Daunte Wright, freed

Published Wed, 26 Feb 2025 18:38:14 GMT

Kim Potter, the former Minnesota police officer who said she mistook her gun for a Taser when she shot and killed Daunte Wright in 2021, was released from prison early Monday.Daunte Wright and his son, Daunte Jr., at his first birthday party. (Ben Crump Law, PLLC. via AP)The Minnesota Department of Corrections said Potter was released at about 4 a.m. “out of an abundance of caution” for Potter’s safety. The department confirmed Friday she would be released Monday from the Minnesota Correctional Facility in Shakopee, but declined to say what time due to security concerns.Potter, a white former officer for the Brooklyn Center Police Department in suburban Minneapolis, fatally shot Wright, who was Black, during a traffic stop in April 2021. The shooting happened during the trial of Derek Chauvin, the officer who killed George Floyd, and Wright’s death set off several days of protests.She was convicted of second-degree manslaughter and given a two-year sentence. Under Minnesota law, tho...

Willie Nelson bringing the Outlaw Music Festival back to SPAC

Published Wed, 26 Feb 2025 18:38:14 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- The Outlaw Music Festival is returning to the Saratoga Performing Arts Center (SPAC). The festival is set for September 15 at 5 p.m. Get the latest, news, weather, sports and community events delivered right to your inbox! Willie Nelson, who will soon be celebrating his 90th birthday, is headlining the event. Other performers include Bobby Weir & Wolf Bros featuring The Wolfpack, The String Cheese Incident, Los Lobos, and Particle Kid.“I am so thrilled to announce these additional dates for our 2023 Outlaw Music Festival Tour,” said Nelson. “I can’t wait to keep the celebration of my 90th birthday going into the fall with this great lineup of artists, my friends and family, and of course, the amazing fans.” Queen tribute band to perform at SPAC Tickets go on sale to the general public on Friday, April 28 at 10 a.m. You can buy tickets on the Live Nation website.

New Jersey man arraigned for drug possession in Clifton Park

Published Wed, 26 Feb 2025 18:38:14 GMT

CLIFTON PARK, N.Y. (NEWS10) -- A New Jersey man was arraigned on alleged drug possession charges stemming from September 2022. Joel Cruz, 30, was arraigned on multiple charges. Get the latest, news, weather, sports and community events delivered right to your inbox! On September 19, 2022, state troopers reportedly stopped a car on I-87 in Clifton Park for multiple car and traffic law violations. During the investigation, troopers say they found Cruz was in possession of drugs.Cruz was arraigned on third-degree criminal possession of a controlled substance, two counts, resisting arrest, and obstructing governmental administration.