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How Apple is giving banks a run for their money

Published Tue, 05 Nov 2024 12:24:53 GMT

By Nicole Goodkind | CNNApple and Goldman Sachs launched a new high-yield savings account on Monday that offers a 4.15% interest rate, more than 10 times higher than the US national average.The move is one of many that Apple has made in recent months to increase its financial services footprint — adding some lofty competition for customers in the already-crowded banking sector.The interest payout on Apple’s savings account is about 415 times more than the 0.01% that Chase and Bank of America offer their basic savings customers and could incentivize customers to move money from the big banks and into the Apple ecosystem, said Ted Rossman, a senior industry analyst at Bankrate.That’s good news for Apple, but the company likely sees this as a way to further enhance customer loyalty and less of a way to compete against big banks, said Rossman.Apple’s savings account is managed through Apple products and users must have Apple’s credit card, simply called Apple Car...

Anglican conservatives meet in Rwanda amid rift over LGBTQ

Published Tue, 05 Nov 2024 12:24:53 GMT

KIGALI, Rwanda (AP) — Hundreds of Anglican conservative leaders from 52 countries are meeting in Rwanda amid a rift over support within the church for same-sex unions.The conference in Kigali, the Rwandan capital, has been convened under the auspices of the Global Fellowship of Confessing Anglicans, or GAFCON, a group formed in 2008 that advocates orthodoxy in the global Anglican communion.The meeting comes two months after the decision of the Church of England to bless civil marriages of same-sex couples. Clerics from Africa are among those who continue to express concern.“We are here to bring the Bible to be at the center of everything,” Archbishop Laurent Mbanda of Rwanda told the AP Tuesday.The decision by the Church of England to bless same-sex unions created “enormous confusion” and could be the “final nail in the coffin in the already divided legacy of the Anglican Church,” Mbanda said.The divisions have widened in recent years as conservative bishops, notably fro...

Wisconsin city moving GOP birthplace building across town

Published Tue, 05 Nov 2024 12:24:53 GMT

RIPON, Wis. (AP) — Officials in Ripon, Wisconsin, have moved the building where the Republican Party is said to have been founded across town to boost visibility as conservatives descend on the state for the GOP national convention next year.Workers moved the Little White Schoolhouse to a different location Monday, WLUK-TV reported.The Ripon Chamber of Commerce owns the building. The chamber’s executive director, Mandy Kimes, told the television station the new location will increase visibility and access as visitors arrive in the state for the GOP national convention in Milwaukee next summer. Ripon is about 85 miles (136 kilometers) northwest of Milwaukee.“We really want to keep the Little White Schoolhouse as unaltered as possible,” Kimes said. “And so having this other location … we’re going to be able to turn that into a visitors center where people can come in, have an experience, learn what they’re about to see and really enjoy it.”The building has been...

FIA rejects Ferrari push to overturn Sainz penalty

Published Tue, 05 Nov 2024 12:24:53 GMT

PARIS (AP) — The FIA has rejected an attempt by Ferrari to overturn a penalty which cost Carlos Sainz Jr. fourth place at the Australian Grand Prix.Sainz was given a five-second penalty for crashing into Aston Martin driver Fernando Alonso after a restart. The race finished on a safety car lap, so the time penalty pushed Sainz down to last of the 12 finishers and he scored no points.The stewards’ ruling on Tuesday shows Ferrari presented telemetry from Sainz’s car, a statement from the Spanish driver and comments from other drivers in interviews to make an argument that Sainz had low grip on cold tires with the sun in his eyes, and couldn’t slow the car down enough to avoid Alonso.The stewards, including former F1 driver Enrique Bernoldi, ruled there was “no significant and relevant new element” in Ferrari’s evidence which wasn’t already clear when the penalty was issued in Australia.“The conditions of the track and the tires was something that every co...

Prince George’s Co. leaders celebrate funding victories in legislative session; process to pick school leader will remain unchanged

Published Tue, 05 Nov 2024 12:24:53 GMT

This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today.Prince George’s County leaders proclaimed another year of legislative victories on economic development, housing, health and infrastructure improvements.The state of Maryland’s second largest jurisdiction hopes to utilize $100 million in state aid if the U.S. General Services Administration choose one of two sites in Prince George’s for a new and expanded headquarters for the Federal Bureau of Investigation. Federal, state and local elected officials are in a border battle with their neighbors across the Potomac River in Springfield, Virginia, who are also pitching for the FBI to relocate there.Other state aid secured includes $27 million to continue construction of cancer center at University of Maryland Capital Region Medical Center and $5 million to refurbish a women and children’s shelter.The county also garnered near...

BCB Bancorp: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 12:24:53 GMT

BAYONNE, N.J. (AP) — BAYONNE, N.J. (AP) — BCB Bancorp Inc. (BCBP) on Tuesday reported first-quarter earnings of $8.1 million.The bank, based in Bayonne, New Jersey, said it had earnings of 46 cents per share. Earnings, adjusted for non-recurring costs, came to 60 cents per share.The community bank posted revenue of $40.7 million in the period. Its revenue net of interest expense was $25.8 million, which topped Street forecasts.BCB Bancorp shares have declined 36% since the beginning of the year. The stock has decreased 36% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCBP at https://www.zacks.com/ap/BCBPSource

Man City aims to finish off Bayern in Champions League

Published Tue, 05 Nov 2024 12:24:53 GMT

DUESSELDORF, Germany (AP) — Manchester City and Bayern Munich’s seasons are each defined by one signing — for better or worse.As City prepares to finish off Bayern in the Champions League quarterfinals on Wednesday after beating the German champions 3-0 in the first leg, Erling Haaland has redefined the role of a modern striker.Haaland has scored 47 goals in 40 games in all competitions, and has a possible 13 more games to play this season. The Norwegian scored against Bayern in the first leg after demolishing another German team, Leipzig, with five goals in the previous round.Then there’s Sadio Mané. The Senegal forward was supposed to reshape Bayern’s attack into a fluid, flexible threat less reliant on a traditional striker when he joined from Liverpool last year as Robert Lewandowski left.However, Mané has contributed little on the field in recent months and upset squad stability. He has been a bit-part player ever since a leg injury ruled him out of the World Cup, and was...

Inter coach Inzaghi under pressure ahead of Benfica match

Published Tue, 05 Nov 2024 12:24:53 GMT

MILAN (AP) — Winning the Champions League may be Inter Milan coach Simone Inzaghi’s only chance to keep his job.Inter has had success this season, winning the Italian Super Cup and reaching the semifinals of the Italian Cup. And the team can reach the last four of the Champions League on Wednesday when it faces Benfica at San Siro in the second leg of the quarterfinals with a 2-0 lead from the first match.But it’s in Serie A where Inter has been struggling, and Inzaghi is feeling the pressure because of it.Saturday’s 1-0 loss to Monza was Inter’s 11th league defeat in 30 matches and left the team in fifth place in Serie A, two points behind fourth-place AC Milan.Former Inter president Massimo Moratti — who was at the helm when Inter won the treble of the Champions League, Serie A and the Italian Cup in 2010 — said he probably wouldn’t have stayed with Inzaghi as coach through this season’s losses.“No, I don’t believe I would have kept him, because of my character I...

El telescopio Webb captura un estallido estelar brillante de galaxias que chocan

Published Tue, 05 Nov 2024 12:24:53 GMT

(CNN) — Una brillante característica de estallido estelar brilla en la última imagen tomada por el Telescopio Espacial James Webb.El observatorio espacial capturó un estallido brillante de formación de estrellas provocado por dos galaxias espirales que chocaron entre sí.Las galaxias en colisión, conocidas colectivamente como Arp 220, generaron un resplandor infrarrojo que contiene la luz de más de 1 billón de soles. A modo de comparación, la galaxia de la Vía Láctea tiene una luminosidad equivalente a unos 10.000 millones de soles.El espectáculo de luces centelleantes de la galaxia infrarroja ultraluminosa es el estallido estelar puntiagudo en el centro de la nueva imagen de Webb, que se publicó este lunes.La cámara de infrarrojo cercano y el instrumento de infrarrojo medio del telescopio capturaron la imagen compuesta.Arp 220 se encuentra a 250 millones de años luz de distancia en la constelación Serpens, y es la más brillante de las tres fusiones galácticas más cercanas a la...

Motorcyclist killed after colliding with a truck

Published Tue, 05 Nov 2024 12:24:53 GMT

BRIGHTON, Colo. (KDVR) — Police in Brighton are investigating a deadly crash between a motorcycle and a truck where they believe alcohol and speed were contributing factors. The Brighton Police Department investigated the deadly crash on Sunday at 9:30 p.m. near County Road 2 and County Road 31.The initial investigation revealed that a motorcyclist was traveling eastbound on County Road 2 and approaching County Road 31 when a Dodge Ram 2500 was driving in front of him. According to BPD, the Dodge Ram quickly slowed down to avoid colliding with a vehicle that turned left in front of the truck.The 39-year-old motorcyclist hit the brakes and skidded over 50 feet before crashing into the rear bumper of the Ram. Crash impacts traffic, damages median on I-25 BPD said the motorcyclist was ejected and not wearing a helmet. He was taken to a local hospital where he was pronounced dead.According to investigators, it appeared alcohol and speed were contributing factors in the crash. The driv...