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T-Mobile Data Breach Settlement Checks Are Arriving: Here's the Scoop

Check your bank account lately? Is there an unexpected deposit from a company you don't recognize? It could be the money you're due from T-Mobile's 2022 class-action settlement. Those who qualify were told to expect settlement checks in April, but then that was moved to May. And now, in mid-June, as cited by Android Authority, Reddit users are saying they are seeing money in their bank accounts. Some are saying they received $56, but others are reporting amounts as high as $375. The account the

The Fed's on Pause, but You Shouldn't Be. Here Are 4 Smart Financial Moves to Make Today

Make the most of your money while rate cuts are on hold. Maria Forbes/Getty Images Despite mounting pressure to lower interest rates, the Fed chose to keep rates where they are at this week's Federal Open Market Committee Meeting. With interest rate cuts on hold so far this year, policymakers have more time to assess how the economy responds to tariffs, layoffs and geopolitical conflict. "More of the same" doesn't mean status quo for your finances. The Fed's decisions (including its forecasts)

The Fed's on Pause, but You Shouldn't Be. 4 Smart Financial Moves to Make Today

Make the most of your money while rate cuts are on hold. Maria Forbes/Getty Images Despite mounting pressure to lower interest rates, the Fed chose to keep rates where they are at this week's Federal Open Market Committee Meeting. With interest rate cuts on hold so far this year, policymakers have more time to assess how the economy responds to tariffs, layoffs and geopolitical conflict. "More of the same" doesn't mean status quo for your finances. The Fed's decisions (including its forecasts)

Don't Let Sneaky Subscriptions Ruin Your Budget. Americans Spend More Than $1,000 a Year on These Services, CNET Survey Finds

Cole Kan/CNET Looking for ways to cut back on your budget? Start with your subscriptions. Think about how much you're paying monthly for your Netflix, Amazon Prime and Instacart subscriptions alone. The costs can quickly add up. CNET's second annual subscription survey found that the average US adult spends $1,080 per year on subscriptions -- averaging to $90 per month. Even more alarming, US adults are wasting nearly $200 a year on unused subscriptions. With prices remaining high and tariffs

Interest Rates Are Still High, and CDs Are Paying Big This Summer

CDs are quietly winning with guaranteed returns. Kristina Kokhanova/Getty Images All the financial headlines talk about interest rates being at 20-year highs. We're living in a rare period with certificates of deposit offering yields we haven't seen in over a decade. The Federal Reserve meets tomorrow, but it won't cut interest rates until the fall at the earliest. The other day, I realized I wasn't taking advantage of the moment. I was staring at my static savings account balance, kind of lik

If OpenAI and Microsoft Break Up, What Does It Mean for Copilot? Try These AI Alternatives

Tiffany Connors Editor Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is passionate about helping people make the best money decisions for themselves and their families. She graduated from Bowling Green State University with a bachelor's degree in journalism and has been a writer and editor for publications including the New York Post, Women's Running magazin

Elon Musk’s xAI is reportedly seeking a $4.3B equity raise

In Brief Elon Musk’s startup xAI is trying to raise a $4.3 billion equity investment, according to a report from Bloomberg. This equity funding would be in addition to the $5 billion that Musk is allegedly trying to raise in debt funding for the combined entity of X and xAI. The company appears to be raising money again after landing a $6 billion cash infusion in December, because it has already spent much of its money. xAI makes Grok, the AI chatbot that’s embedded inside the social network

CDs Are Still Paying Big Interest on Your Savings This Summer -- Before Fed Cuts Rates

CDs are quietly winning with guaranteed returns. Kristina Kokhanova/Getty Images The other day, I found myself staring at my static savings account balance, kind of like when you open the fridge for the fifth time, hoping something new will appear. My money was just sitting there in the bank, earning next to nothing. That's when I realized I wasn't taking advantage of the moment. All the financial headlines talk about interest rates being at 20-year highs. We're living in a rare period with ce

Commuters in South Korea will soon be able to pay fares using Apple Pay

More than two years after landing in South Korea, Apple Pay is about to fill one of its biggest gaps in the country: public transportation support. However, the win might be short-lived. Here’s why. Transit card provider Tmoney confirmed Monday that its system will soon work with both iPhones and Apple Watches. Once live, users will be able to tap to pay for subway and bus rides across the country. As observed by Korea JoongAng Daily (via Reddit), there’s no official launch date just yet, but

Amazon and Walmart May Issue Their Own Company-Crypto

Retailers like Amazon and Walmart pay fees to credit card companies every time a customer uses their Visa or Mastercard. And it’s no secret that retailers are not happy with that chunk of change that gets siphoned off. But thanks to the emergence of digital money, these retailers are reportedly itching to get away from the big banks. In fact, they may even issue their own stablecoins, according to a new report from the Wall Street Journal. Amazon’s efforts to develop a stablecoin are still in t

When random people give money to random other people (2017)

A post on Decision Science about a problem of Uri Wilensky‘s has been making the rounds: Imagine a room full of 100 people with 100 dollars each. With every tick of the clock, every person with money gives a dollar to one randomly chosen other person. After some time progresses, how will the money be distributed? People often expect the distribution to be close to uniform. But this isn’t right; the simulations in the post show clearly that inequality of wealth rapidly appears and then persists