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 …
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February, 2024
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14 February
Gold prices are down. Is this a good time to open a gold IRA?
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 …
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14 February
4 tips for managing home repair expenses in an uncertain economy
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, …
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14 February
4 things to know about CD rates right now
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, …
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14 February
Israel launches series of strikes in Lebanon as tension with Iran-backed Hezbollah soars
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 …
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14 February
National Archives closes to public after activists dump red powder on case holding Constitution
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 …
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14 February
A couple survived a plane crash with burns that would change their lives – but not their love for each other
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 …
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14 February
Student arrested, charged with planning shooting at Southern California high school
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 …
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14 February
Alaska woman sentenced to 99 years in murder-for-hire killing of friend
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 …
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14 February
Polar bears stuck on land longer as ice melts, face greater risk of starvation, researchers say
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 …
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