Robotaxis coming to London pose a threat to traditional cabbies who memorize 25,000 streets to earn licenses

London’s black cab drivers, already besieged by rideshare companies, may soon face another threat: AI-powered, autonomous taxis.  Yet many drivers feel they can offer something that AI can’t  – deep knowledge of the city’s ancient streets and medieval alleyways. To get a cab license, drivers must pass the Knowledge, a 161-year-old test that requires memorizing  … Read more

$100,000 short-term CD vs. $100,000 long-term CD: Which will earn more interest now?

Interest earnings on a $100,000 CD account will stack up fairly quickly in today’s elevated interest rate environment. Getty Images/iStockphoto In a traditional economic landscape, interest rates on long-term certificate of deposit (CD) accounts were typically much higher than those available with short-term CDs — and the logic was easy to understand. Since savers were … Read more