American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
If you're looking for a safe place to park some of your money as stock market returns taper, not all "savings" options are risk-free.
Robinhood announced Thursday it's offering "checking and savings accounts" with a 3 percent return. The company says you'll have access to some 75,000 free ATMs and won't be dinged any maintenance or overdraft fees. However, questions have been raised over how accounts from stock trading app Robinhood are protected.
Since Robinhood is a broker, the accounts are not protected by the Federal Deposit Insurance Corp., a government agency that provides insurance for up to $250,000 per depositor for most banks. Instead, brokerage accounts are insured by the Securities Investor Protection Corporation, an industry-funded organization that says it covers a customer's cash up to $250,000 if the firm fails.
And it still has not been determined if assets held in Robinhood's checking and savings feature would be covered under SIPC rules. SIPC President and CEO Stephen Harbeck told CNBC on Friday that he had serious concerns about the plan.
"We want to make sure that investors know there's some risk there," he told CNBC.
Still, investors on the hunt for a safe place to park their cash aren't without options.
Yields on certain certificates of deposits and savings accounts are on the ascent, a trend that is likely to pick up if the Federal Reserve acts as expected and raises rates next Wednesday.
"Everyone should start comparing what they can get risk-free to what they're investing in," Nick Clements, co-founder of financial website MagnifyMoney, told CNBC in a previous interview.
(Remember, you'll pay ordinary income tax rates on any earnings).
MutualOne Bank, headquartered in Framingham, Massachusetts, offers a 19-month online CD with a 3.04 percent return. You'll need to deposit at least $500.
Virtual Bank has a 2-year CD with a 3.06 percent annual return. The minimum deposit is $10,000.
Synchrony Bank offers a 2-year CD with a 2.8 percent return, and a minimum deposit of $2,000.
Capital One and American Express have 2-year CDs with no minimum deposit and a 2.7 percent interest rate.
People generally can withdraw their CD interest at any time, but there are penalties for digging into your principal. That can be useful, according to Patricia Seaman, senior director of marketing and communications at the National Endowment for Financial Education.
"If it helps you to think, 'I can't get that money,' it's worth it," Seaman told CNBC in a previous interview.
Still, savers should look for CDs with the lowest penalties, said Allan Roth, founder of financial advisory firm Wealth Logic. That way, they can match the benefit of a high-interest savings account without the restrictions of a CD. "If you need the money, you break the CD," Roth said.
Online bank My Savings Direct has a savings account with a 2.4 percent annual return. If you can deposit $25,000, or $100 a month, CIT bank offers a 2.25 percent interest rate.
Barclays and Marcus — the consumer bank of Goldman Sachs — are now offering a 2.05 percent annual return, too.
Roth said to be wary of savings accounts unprotected by the government.
"If a major brokerage firm went under, people would be lucky to get a few pennies on the dollar back," he said.
One of the best rates currently, according to NerdWallet, is at Redneck Bank, a division of All America Bank. The FDIC-insured Redneck Rewards Checkin' Account offers 2.75 percent for balances up to $10,000.
On the credit union side, Consumers Credit Union has a Free Rewards Checking account with rates of of 3.09 percent, 4.09 percent or 5.09 percent on balances of up to $10,000. Which rate a user earns depends on the value of purchase transactions made each month, among other qualifiers.
(The National Credit Union Administration, which charters and supervises credit unions, insures member deposits in a similar fashion to banks' FDIC coverage.)
The catch with rewards checking accounts: You'll have to jump through hoops every month to get that top rate.
Users typically must meet several requirements every month. Terms vary, but it's not unusual to see conditions such as receiving digital statements, making a minimum number of debit card transactions, and having at least one direct deposit.
Fail to meet all the conditions, and you can expect to receive only a pittance. At Redneck Bank, for example, the rate reverts to 0.25 percent if requirements aren't met; at Consumers Credit Union, it's 0.01 percent.
Most accounts cap balances eligible for the top rate, too. Any assets above that limit earn rates more in line with the national average (roughly 0.10 percent, according to Bankrate.com).
More from Personal Finance:
In just 20 minutes you could be on your way to that new job
Want to win at 401(k) investing? Try a less-is-more approach
Do this one thing to save your financial sanity during the holidays