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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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 …
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The fur is flying in a legal dispute between two rival toymakers. Kelly Toys, the Berkshire Hathaway-owned company behind the popular Squishmallows stuffed toy, is suing Build-A-Bear, alleging the company rips off its mega-popular design. Kelly Toys claims Build-A-Bear’s recently launched Skoosherz line copies its own products, including using “same distinctive trade dress,” according to a lawsuit filed Monday in …
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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 …
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After winning Super Bowl LVIII,not to mention attracting feverish interest inhis romantic relationship with Taylor Swift, Travis Kelce is setting his sights on Hollywood. The Kansas City Chiefs tight end is making his foray into the movie business as executive producer on “My Dead Friend Zoe,” an independent film set to premiere at the South by Southwest film festival in …
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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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What a difference a zero can make. Lyft shares enjoyed a short-lived pop after Tuesday’s closing bell, surging as much as 67% after the company issued an outlook mistakenly projecting that its margins would expand an astounding 500 basis points. Less than an hour later, the ride-sharing provider offered that the estimate had missed the mark — by a lot, …
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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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It’s Valentine’s Day, and some couples might be going out together for the first time. The special occasion brings up an age-old question as the unwritten rules of dating change: Who should pay on the first date? As it turns out, a majority of Americans still hold traditional views on that topic. Over 70% of Americans believe that in heterosexual …
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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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