A top question on the minds of investors and consumers alike is when might the Federal Reserve make its first interest rate cut after two years of rapid hikes, which have sent mortgage and credit card rates soaring. But after Tuesday’s hotter-than-forecast inflation report, economists have a partial answer: Expect to wait longer. Even before Tuesday’s inflation data, the Federal …

When it comes to investments, it’s not unusual for traditional assets, like stocks or bonds, to experience major fluctuations — especially during times of economic uncertainty. That’s not always a bad thing, though. For example, when fluctuations occur within the stock market, it can present an excellent opportunity to grow the value of your portfolio, provided that you make the …

Homeownership comes with its joys, but it also entails responsibilities, such as the inevitable need for repairs and maintenance. After all, certain parts of your home — like your roof, appliances or even your HVAC or sewer lines — aren’t designed to last forever. And if you avoid the basic maintenance for these types of things, the issues can compound, …

Borrowers hoping for some imminent relief were disappointed this week after the latest report from the Bureau of Labor Statistics showed inflation higher than expected in January. While that 3.1% rate was lower than December’s 3.4%, it’s still holding steady and significantly higher than the Federal Reserve’s target 2% goal. Higher inflation means elevated interest rates and, with inflation inconsistent, …

Jerusalem— The Israeli military said Wednesday its fighter jets “began a series of strikes in Lebanon,” raising fears of a war between the two countries after months of cross-border fire and increasing tension fueled by the war between Israel and Hamas in the Gaza Strip. The Israeli military gave no further details on the airstrikes, but Lebanese media said three …

Washington — The National Archives closed its galleries to the public on Wednesday after two apparent climate activists dumped red powder on the protective encasement surrounding the U.S. Constitution. According to the National Archives and Records Administration, the incident occurred around 2:30 p.m. on Wednesday. Security immediately detained the individuals, and officials are investigating the incident. “The National Archives Rotunda …

In the weeks before Valentine’s Day, CBS News featuredstories about lovethat blossomed despite unimaginable odds. This is the final story in a series we callLove, Against All Odds. Stephanie Nielson knew her husband Christian was the one from the first moment the two met. It was 2000, and she was just 18 years old when Christian, then 21, walked into …

A Southern California student was arrested over the weekend after police said theywere able to determine that he was plotting a school shooting at Ontario Christian High School in San Bernardino County. The 18-year-old student, who has been identified as Sebastian Villasenor, was arrested Saturday after Ontario Police Department investigators were able to determine that the student had made “viable …

Denali Dakota Skye Brehmer, one of two young people charged in the 2019killing of Alaska teenager Cynthia Hoffman in a murder-for-hire scheme, was sentenced to 99 years in prison on Monday. Court documents showed that Brehmer, then 18, struck up an online relationship with 21-year-old Darin Schilmiller, who was living in Indiana. Schilmiller claimed to be a millionaire and said …

Polar bears, unable to thrive on land in Canada’s Hudson Bay, are facing greater risk of starvation as Arctic ice melts and they endure longer ice-free seasons, researchers said. In a study published Tuesday in the journal Nature Communications, researchers said they’d hoped polar bears might adapt to longer ice-free seasons by behaving like their grizzly bear relatives. The 20 …

New York City — At New York’s John F. Kennedy International Airport last month, Elissa Montanti waited patiently for a flight coming in from Cairo carrying 5-year-old Omar Abukwaik. Montanti, founder and director of the Global Medical Relief Fund, had to cut through red tape to get Abukwaik to the U.S. — a frightened boy in desperate need of medical …

Washington — Special counsel Jack Smith urged the Supreme Court on Wednesday to allow a lower court decision rejecting former President Donald Trump’s claim he is immune from federal prosecution to take effect, clearing the way for his trial in the case involving the 2020 presidential election to proceed. In a 40-page filing with the Supreme Court, the special counsel …

News that an elderly man in Alaska has died from Alaskapox — the first known fatality, according to state health officials — has brought newfound attention to the recently discovered virus. The man, who lived in the remote Kenai Peninsula and had a suppressed immune system due to cancer treatments, was hospitalized in November and died in late January, according …

Twelve accusers of Jeffrey Epstein, the sex offender and billionairewhose trafficking charges made international headlines, sued the FBI for failure to protect them, according to a complaint filed Wednesday in federal court in the Southern District of New York. The lawsuit, which was filed under the pseudonym Jane Doe to protect the plaintiffs’ identities, alleges the FBI had specific information …

Washington — Rep. Jim Clyburn of South Carolina announced Wednesday that he will step down from House Democratic leadership. Clyburn has served as assistant House Democratic leader for a little more than a year. He stepped down from his role as whip at the start of the current Congress, when former House Nancy Pelosi of California and former Majority Leader …