Tag Archives: breaking news

The inflation report for January is official and the verdict isn’t great. While inflation was lower in January than it was in December, it was still at 3.1% year over year — above many predictions of 2.9% and more than a point above the Federal Reserve’s target goal of 2%. That means borrowers will likely need to wait a bit …

Washington — The Senate approved a major foreign aid package Tuesday, as a bipartisan group of senators propelled the long-delayed legislation over the finish line after an overnight session. But new, steep opposition from House Speaker Mike Johnson has thrown the bill’s prospects in the lower chamber into question. President Biden urged the House to move forward with the legislation …

Activity on dating apps and websites increases leading up to Valentine’s Day, and so does your risk of being scammed, according to new research. Increasingly, scammers are using high-tech tools like bots and artificial intelligence to trick victims into sending them money. Cyber security company Arkose Labs reported between January 2023 and January 2024, dating apps saw a 2087% increase …

Columbus, Ohio — A federal judge extended a block on enforcement Monday of an Ohio law that would require children under 16 to get parental consent to use social media apps, as a legal challenge proceeds. U.S. District Court Judge Algenon Marbley’s decision to grant a preliminary injunction prevents the law from taking effect while a lawsuit filed earlier this …

Carnival season culminated Tuesday withMardi Grasparades, street parties and what amounted to a massive outdoor costume festival around the bars and restaurants of New Orleans’ French Quarter. Revelers in capes, wigs, spandex and feathers danced in front of St. Louis Cathedral at Jackson Square while Latin music blared. Outside the narrow streets of the quarter, two tradition-rich parades rolled on …

Those who were hoping for an end to inflation — and high interest rates — may have to wait a bit longer. That was the sentiment early Tuesday after the latest inflation report showed inflation rising 3.1% year over year. While that January rise was lower than December’s 3.4%, it was still a move in the wrong direction, strongly indicating …

A naked hiker lost in the hills near Chatsworth was rescued by firefighters Monday night. The Los Angeles Fire Department said they first heard about the lost hiker at about 8:45 p.m. after a few people started calling to report someone yelling for help. Firefighters believed he had been missing since about 4 p.m. A helicopter crew found the distressed …

Inflation may be rapidly cooling, but there’s one area that continues to eat away at Americans’ budgets: Stubbornly high food prices. Rising food costs were one contributor to the hotter-than-expected inflation report on Tuesday, with food prices rising 0.4% in January from December, a faster pace than the overall 0.3% rise in the Consumer Price Index (CPI). The CPI, a …

The most recent inflation data shows that in January prices rose 3.1% year over year. That’s a significant improvement from when inflation spiked to over 9% in 2022, though it’s still above the Federal Reserve’s 2% target. Amidst this backdrop, many real estate experts predict that mortgage rates will drop somewhat this year from their current levels in the mid-6s …

Washington — The House voted to impeach Homeland Security Secretary Alejandro Mayorkas on Tuesday over his handling of the U.S.-Mexico border, with Republicans issuing the chamber’s harshest constitutional punishment against a Cabinet secretary for just the second time in U.S. history. The vote on two articles of impeachment was 214 in favor to 213 opposed, with three Republicans voting with …