If your certificate of deposit (CD) account matures this August, it is important to plan carefully before renewing or moving your money. Comparing rates and considering other account types, like high-yield savings or money market accounts, can help you make better financial decisions in today’s economy with high interest rates and inflation.
Key Facts
A CD locks your money for a set time and pays fixed interest, protecting your original deposit.
When a CD matures, you can withdraw your money or roll it over into a new account.
Many banks automatically renew CDs at possibly different rates after a short grace period.
Avoid automatically renewing your CD with the same bank without checking other banks’ offers.
Other accounts like high-yield savings or money market accounts might offer competitive rates with more flexibility.
Interest rates and economic conditions have changed since you opened the CD, so reviewing options is wise.
Consider changing how much money you deposit based on your current financial goals and needs.
Comparing rates now can help you earn more interest and keep better control of your money.
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A federal judge has asked the Trump administration to explain why the military is offering testosterone treatment to older male soldiers but bans such hormone treatments for transgender troops. The new policy checks male soldiers over 30 for low testosterone and offers therapy to improve their physical readiness. The judge wants clarity on the differences in how hormone treatments are handled for transgender versus cisgender service members.
Key Facts
The Defense Secretary announced that male soldiers aged 30 and older will be screened for low testosterone levels.
Soldiers with low testosterone can choose to receive testosterone replacement therapy (TRT).
A federal judge questioned why hormone treatments are allowed for cisgender soldiers but banned for transgender troops under Trump’s military ban.
The judge cited President Trump’s executive order banning transgender troops from receiving hormone treatment as a medical necessity.
The judge requested the Pentagon explain the reason for treating transgender and cisgender military members differently.
Medical experts expressed concern that unnecessary testosterone therapy may harm soldiers’ health and fertility.
The Pentagon has raised cost concerns about providing hormone treatments to transgender troops.
The next court hearing on this issue is scheduled for August 7.
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Poland’s main right-wing opposition party, Law and Justice (PiS), has split after dozens of members refused to sign a loyalty pledge set by party leader Jarosław Kaczyński. These members, including former Prime Minister Mateusz Morawiecki, were pushed out amid disagreements before next year’s parliamentary elections.
Key Facts
The loyalty pledge required MPs to not work with other political groups or face expulsion.
About 40 MPs, 3 European parliament members, and 1 senator refused to sign and left or were expelled.
Mateusz Morawiecki and his allies formed a group aiming to expand the party’s appeal to younger, center-right voters.
Kaczyński accused those refusing the pledge of effectively resigning and will formalize it at a party meeting.
PiS has ruled Poland for a total of 10 years and remains the largest party in parliament despite losing power in 2023.
The split weakens PiS’s hold on the right, with conservative voters now divided among three factions.
Morawiecki blamed Kaczyński’s close circle for the crisis and called for unity against the current government led by Donald Tusk.
It is unclear if Morawiecki’s group will form a new political party.
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The Environmental Protection Agency under President Trump is proposing a rule change that would give states more control over how the public can participate in the approval process for new minor sources of air pollution, like certain gas plants and diesel generators used by data centers. This change could reduce public notice and involvement in decisions about these facilities entering or expanding in neighborhoods.
Key Facts
The EPA held a hearing on a rule proposal to shift public participation decisions for minor pollution sources to state governments.
Minor pollution sources include things like dry cleaners, auto shops, and power generators used by data centers.
Major sources of pollution require more federal and state oversight and extensive public involvement.
The proposed rule would not change pollution limits but would affect how and if the public is informed or can comment.
State laws vary widely on public notice and participation requirements for minor sources.
Some states like Georgia and Kentucky currently have stronger public involvement rules.
Environmental groups worry the change will reduce community awareness and input on new polluting facilities.
Data centers, often powered by gas or diesel engines, face local opposition that uses permitting processes to slow development.
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The White House Correspondents’ Dinner, an annual event where journalists and politicians meet, was rescheduled to July 24 after a shooting attempt in April. President Donald Trump, who had skipped the dinner during his first term, will attend this year with heightened security. The dinner raises debates about the relationship and ethics between the press and political leaders.
Key Facts
The dinner was first scheduled for April but was postponed due to a gunman trying to attack President Trump.
President Trump has changed his stance and is attending the dinner this year.
The event will be held at the Waldorf Astoria hotel in Washington, DC, not the Washington Hilton.
The dinner is a fundraiser charging $480 per ticket, supporting journalism awards and scholarships.
Critics say the dinner blurs lines between reporters and politicians and can harm public trust in journalism.
The event often features celebrities and media personalities, which some say shifts focus away from serious news.
Previous dinners have seen controversial performances, like a comedian’s critical show in 2018.
The president’s attendance this year will have increased security measures due to the prior attack attempt.
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A pregnant woman was diagnosed with cyclosporiasis, a parasitic infection, and had to go to the hospital. Doctors could not give her the usual antibiotic treatment because she was pregnant. The woman has recovered but remains cautious about eating raw fruits and vegetables. The FDA is investigating a new outbreak of cyclosporiasis, but the cause is not yet known.
Key Facts
Cyclosporiasis is an infection caused by a parasite.
The pregnant woman was hospitalized after being diagnosed with this infection.
Doctors could not give her the standard antibiotic because it is unsafe during pregnancy.
She has now recovered from the illness.
The woman says she will avoid feeding her family raw produce.
The FDA is looking into a new outbreak of cyclosporiasis.
The source of the outbreak has not been identified yet.
This story was reported by CBS News correspondent Carter Evans.
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Four men in their 20s died after a car crashed into a lamp-post in Merseyside early Friday morning. A fifth man was taken to the hospital and is in stable condition. Police are investigating and asking for witnesses to come forward.
Key Facts
The crash happened just before 2 a.m. in Huyton, Merseyside.
The car involved was a black Seat Cupra traveling from Liverpool to Knowsley.
Four men aged 23, 23, 24, and 26 died at the scene.
A 27-year-old man in the car was taken to the hospital and is stable.
Police have closed eleven roads and expect closures over the weekend.
A temporary no-fly zone for drones is in place above Liverpool Road.
Police are asking anyone with information or footage, such as from doorbell cameras, to contact them.
Officers are focused on finding out how the collision happened.
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A cyclospora outbreak linked to shredded iceberg lettuce from central Mexico has spread to nine U.S. states. The Department of Health and Human Services confirmed that four more states—Illinois, Kansas, Oklahoma, and Pennsylvania—are now affected, adding to the previous five states.
Key Facts
The outbreak is caused by cyclospora, a parasite that can cause illness.
The contaminated lettuce comes from central Mexico.
Nine U.S. states have reported cases so far: Illinois, Kansas, Oklahoma, Pennsylvania, Indiana, Kentucky, Michigan, Ohio, and West Virginia.
The outbreak is the largest in the nation currently.
Michigan alone has seen over 7,600 cases.
Maryland also has more than 100 reported cases.
Health officials have linked the illness directly to shredded iceberg lettuce.
Authorities continue to monitor the situation as it develops.
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Corey Ruiz was fatally shot by police in Madison, Wisconsin, during an attempted arrest. Friends and community members are protesting, demanding answers and accountability from law enforcement.
Key Facts
Corey Ruiz died after being shot by Madison police officers.
The shooting happened during an attempt to arrest him.
Friends of Ruiz called the incident an execution.
Protests are ongoing in Madison to seek justice.
The community wants police officers to be held accountable for the shooting.
Local news outlets, such as CBS News, have reported on the events.
The protests reflect broader public concern about police use of force.
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Police in Ireland stopped a vehicle near the border and found a very advanced bomb inside. Two people, a woman and a man, were arrested, and authorities said the bomb was made with military-grade explosives.
Key Facts
Police in Ireland targeted a car near the border on the N2 south of Carrickmacross, County Monaghan.
The car was carrying a bomb described as highly sophisticated and advanced.
The bomb contained suspected military-grade explosives.
A woman in her 20s was arrested at the scene and remained in custody.
A man in his 40s was also arrested and is being held in Dublin.
The bomb was seized from dissident republicans who reject the Good Friday Agreement.
Irish police work with Northern Ireland police and UK intelligence to handle these threats.
Garda commissioner Justin Kelly called this seizure extremely significant and expressed concern about the ongoing threat.
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New polling shows Democrats leading in four key midterm election races where Republicans had the advantage before. These races include Senate contests in Iowa, Michigan, and Ohio, as well as the Ohio governor’s race.
Key Facts
Republicans previously led in these four important midterm races but have lost ground according to recent polls.
In Iowa, Democrat Josh Turek now leads Republican Ashley Hinson by 0.5%, shifting from a slight Republican lead in April.
Prediction markets still favor Republican Hinson in Iowa, giving her about a 60% chance to win.
In Michigan, Democrats have moved from trailing by 1.9% in April to leading by 1.8% in July in the Senate race.
Prediction markets give Democrats around a 70% chance to win the Michigan Senate seat.
In Ohio, Democrat Sherrod Brown has overtaken Republican Jon Husted, leading by 0.9% in recent polls.
Prediction markets see the Ohio Senate race as a close contest, with nearly equal chances for each candidate.
These races are critical for Democrats’ goal of gaining a Senate majority in the November midterm elections.
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Brazil is using forensic science to trace the origin of gold and fight illegal mining in the Amazon rainforest. The country’s federal police analyze gold samples to check if they come from protected areas, helping to stop deforestation and mercury pollution caused by illegal mining.
Key Facts
Brazil’s National Institute of Criminalistics in Brasilia runs a “gold lab” to analyze gold samples.
The lab uses a method called "gold fingerprinting" to identify where the gold was mined by studying its unique chemical makeup.
Each gold sample contains trace elements like silver and copper that act like a fingerprint.
This forensic method helps confirm if gold was taken illegally from protected forests or Indigenous lands.
The technique has been developed since 2019 with Brazilian universities and uses advanced tools such as X-ray fluorescence and mass spectrometry.
Illegal mining in the Amazon drives deforestation and dangerous mercury contamination.
Criminals often try to sell illegally mined gold through legal markets by using fraud.
Since 2023, about 1.2 million acres of rainforest have been cleared for mining in the Amazon, with nearly half in Brazil.
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Bangladesh’s President Mohammed Shahabuddin resigned halfway through his term, citing medical reasons. His resignation follows political changes, including the fall of Prime Minister Sheikh Hasina and the rise of a new government led by Tarique Rahman.
Key Facts
Mohammed Shahabuddin became Bangladesh’s 22nd president in April 2023.
He was appointed during Sheikh Hasina’s rule and was considered her close ally.
Sheikh Hasina’s government ended in August 2024 after an anti-government movement; she fled to India.
A new government led by Tarique Rahman took power with a landslide victory in February 2024.
Shahabuddin resigned on medical grounds, but reports suggest he may have been pressured due to contacts with Hasina.
After resignation, Parliament’s speaker will serve as acting president until a new one is elected.
Hasina was sentenced to death in absentia by a Bangladeshi tribunal for a crackdown linked to the uprising.
India has refused to extradite Hasina despite requests from Bangladeshi governments.
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A seaplane carrying 11 people crashed and caught fire near Sucia Island, north of Seattle. All passengers and the pilot were rescued quickly and taken to hospitals, while authorities began an investigation into the crash.
Key Facts
The crash happened around 5:20 p.m. near Shallow Bay by Sucia Island in the San Juan Islands, Washington.
The seaplane had 1 pilot and 10 passengers on board.
The plane caught fire after crash landing on a rocky coast and partially sank against a large rock.
Multiple rescuers, including Good Samaritans and the U.S. Coast Guard, helped rescue all aboard.
The plane took off from Lake Union in Seattle heading to Roche Harbor on San Juan Island.
The aircraft was a de Havilland DHC-3 Otter, a single-engine plane used for short take-offs and landings.
Kenmore Air, the operator, suspended flights for the next day and is cooperating with investigators.
The Federal Aviation Administration (FAA) will investigate the cause of the crash.
Following a 2022 fatal seaplane crash in Puget Sound, FAA required inspections of certain parts on these planes, but the aircraft involved was reported to have passed inspections.
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Andy Burnham became the new prime minister of the United Kingdom and has started his term by traveling across the country, meeting with world leaders, and announcing economic measures like a tax cut on household electricity bills and a bus fare cap. He opened a part-time office in Manchester to help spread economic growth beyond London and to give more power to local areas.
Key Facts
Andy Burnham took office as the UK prime minister after Keir Starmer resigned.
Burnham has traveled around England and Scotland during his first week in office.
He announced a tax cut on household electricity bills and set a cap of 2 pounds ($2.70) on bus fares.
Burnham plans to work at least one day a week from a new Northern office in Manchester called “No 10 North.”
The Manchester office aims to decentralize power and support economic growth outside of London.
Opposition politicians have criticized the new Manchester office, calling it a gimmick.
Burnham promises to give more power to local areas to improve struggling regions.
On foreign policy, Burnham supports continued UK aid to Ukraine and respects Greenland’s right to self-determination alongside Denmark.
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President Donald Trump has announced new tariffs on imports from dozens of countries. These tariffs, ranging from 10% to 12.5%, target countries accused of not stopping forced labor and include some U.S. allies.
Key Facts
President Trump imposed new tariffs on products from many countries.
The tariffs are set between 10% and 12.5%.
The tariffs focus on countries accused of not addressing forced labor issues.
Some of the affected countries are U.S. allies.
The goal is to pressure these countries to take action against forced labor.
The announcement was reported by CBS News.
The tariffs affect a range of imports but specific products were not detailed.
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The Ebola outbreak in eastern Congo is the fastest growing ever and has caused over 1,000 deaths. Health officials reported more than 2,500 confirmed cases and are working hard to control the virus, which currently has no approved vaccine or treatment.
Key Facts
The Ebola outbreak is happening in eastern Congo.
Over 2,500 people have tested positive for Ebola.
More than 1,000 people have died from the outbreak.
At least 738 patients are isolated or in the hospital.
There is no approved vaccine or treatment for this version of the virus yet.
Health officials are working to contain the spread of Ebola.
The outbreak is considered the fastest-growing in history.
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Indian Prime Minister Narendra Modi promised quick legal action against those involved in exam paper leaks, addressing student protests that are spreading across the country. Activist Sonam Wangchuk ended his 26-day hunger strike after talks with government officials, but student protests continue, demanding the resignation of Education Minister Dharmendra Pradhan.
Key Facts
Exam paper leaks have led to widespread student protests in multiple Indian cities, including New Delhi, Mumbai, Bengaluru, and Patna.
The student group Cockroach Janta Party (CJP) is organizing protests demanding education reforms and the resignation of Education Minister Pradhan.
Violence occurred near protests when police used tear gas and batons on demonstrators trying to march to the Indian Parliament.
Human Rights Watch and Amnesty International criticized the Indian government for excessive police force and internet shutdowns during protests.
Sonam Wangchuk, an activist supporting the students, ended a 26-day hunger strike after negotiations with government leaders.
The government promised not to press charges against peaceful protesters from recent demonstrations.
Officials also said they are discussing reforms to prevent exam paper leaks and considering compensation for families of students who died by suicide linked to exam issues.
The National Eligibility cum Entrance Test (NEET) for medical school admissions has had multiple paper leak scandals in recent years.
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Four Palestinians and one Israeli person died in a shooting in the West Bank village of Till. The shooting happened after Israeli settlers attacked the village, according to Palestinian authorities.
Key Facts
The incident took place in Till, a village in the occupied West Bank.
Four Palestinians were killed during the shooting.
One Israeli was also killed in the event.
Israeli settlers reportedly attacked the village before the shooting.
Palestinian authorities provided information about the attack and casualties.
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