May 24, 2019

Savers are leaving a lot of money on the table

Data: Bankrate survey conducted April 30 to May 5, 2019; margin of error: ±3.6%; Chart: Axios Visuals

A recent survey from Bankrate pulled data from 60 online savings and money market accounts at 57 different financial institutions and found that 87% of them pay at least 2% APY.

Yes, but: Less than 1 in 5 Americans say they're earning that much interest on their savings account. It's a $50 billion mistake, analysts say.

Go deeper: Americans saving money in the wake of the financial crisis get a leg up

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Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

Go deeperArrowUpdated 6 hours ago - Health

SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.