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Jill On Money: What the Fed pause means for your money

Published Wed, 26 Feb 2025 01:58:49 GMT

As widely expected, after ten consecutive interest rate hikes over the past 15 months, the Federal Reserve took a time out, and paused in its process to bring down inflation.Related ArticlesBusiness | 7 ways for couples to earn travel points and miles together Business | Bankrate: Student cards vs. secured cards Business | You’ll probably live longer than you think — what to know about life expectancy for retirement planning Business | Why is portfolio diversification important for investors? Business | Prime Day, competing sales offer first shot at holiday shopping Their rationale was that it takes a while for higher rates to filter through the economy and the central bank is trying to strike a balance between bringing down prices, without tipping the economy into a recession, which is often referred to as a “soft landing.”Despite starting the current rate hike campaign later than most economists though...

2,000 US flights delayed or canceled due to severe storms

Published Wed, 26 Feb 2025 01:58:49 GMT

By Jordan Valinsky | CNN BusinessNew York  — More than 2,000 flights across the United States were delayed or canceled Monday after powerful storms ripped through the parts of the country, mainly in the Southeast and the Ohio Valley.Data from FlightAware showed that on Monday morning, 1,400 flights within, into or out of the US were delayed and another 660 were canceled.United Airlines (UAL)was faring the worst of the American domestic airlines. About 6% of its schedule, or 174 flights, was canceled and another 4%, or 137 flights, was delayed as of 9 am ET. Delta (DAL) wasn’t far behind, with 4% (157 flights) of its schedule canceled and 5% (198 flights) delayed.The delays and cancellations come after thunderstorms battered parts of Arkansas, Tennessee, Mississippi and the Ohio Valley Sunday evening, according to the National Weather Service’s Storm Prediction Center. More than 700,000 people across the region are without powerRelated ArticlesTravel | Raising the retire...

‘No sabo’ kids turn a slur into a game — and community

Published Wed, 26 Feb 2025 01:58:49 GMT

Editor’s note: This story is part of the annual Mosaic Journalism Workshop for Bay Area high school students, a two-week intensive course in journalism. Students in the program report and photograph stories under the guidance of professional journalists.Sara De La Cerda remembers the day in a mariachi music class at San Jose High. The instructor asked for a translation from English to Spanish. The U.S.-born Mexican American confidently raised her hand and answered in her best Spanish.“All the kids started laughing because it didn’t translate,” she said. “I was kinda teased in high school for like, not knowing how to speak Spanish.”Today, De La Cerda is considered a “no sabo kid” by fluent Spanish-speaking youth from Miami to San Jose. The term targets Americanized, English-dominant Latinos, young or old. It’s as if the Spanish speakers are accusing them of abandoning their culture by assimilating totally into a dominant American environment.The phrase carries a comedic undertone bec...

Sube el Powerball y acumula $440 millones antes del sorteo de este lunes

Published Wed, 26 Feb 2025 01:58:49 GMT

El premio mayor de la lotería del Powerball subió a $440 millones antes del sorteo de este lunes por la noche. Nadie acertó los números ganadores del último sorteo la noche del sábado 24 de junio. Los seis números ganadores del sábado fueron: 2, 38, 44, 50, 62 y el Power Ball, 19. Si tienes la suerte de ganar, la cantidad que realmente te lleves a casa probablemente sea mucho menor. Depende de dos factores: el tipo de pago que elijas y el estado en el que vives.Para el pago, tienes dos opciones: una suma global pagada de inmediato o una anualidad repartida en 30 años. En el caso del premio actual de $440 millones, el pago único en efectivo sería de $230.5 millones. Ganador del Powerball se conformará con $3.2 millones después de perder el premio mayor por un número Reclaman un premio millonario del Powerball horas antes de vencer el plazo Las probabilidades de ganar el premio mayor son de 1 en 292,201,338.¿CUÁL ES MEJOR? ¿EL PAGO...

Philippine forces search for ex-vice mayor who resisted arrest, sparking deadly clash

Published Wed, 26 Feb 2025 01:58:49 GMT

ZAMBOANGA, Philippines (AP) — Philippine forces searched Monday for a former town vice mayor whose armed followers helped him resist arrest, triggering a gunbattle that left four people dead and displaced thousands of villagers in the south, officials said.Police backed by army troops attempted Saturday to serve Pando Mudjasan with arrest warrants over alleged killings and search his home for suspected illegal firearms and explosives in Maimbung town in southern Sulu province. He and his men, however, opened fire at the law enforcers, sparking clashes that dragged on for a day, police and military officials said.A police commando was killed and 11 other law enforcers, including a solder, were wounded. Three of Pando’s men were killed but he escaped with a gunshot wound, police and the military said.The fighting forced more than 5,000 residents of Maimbung to flee to safety. The army deployed more soldiers to search for Pando and more than 20 armed followers on Monday, official...

Suspect in Club Q shooting pleads guilty

Published Wed, 26 Feb 2025 01:58:49 GMT

COLORADO SPRINGS, Colo. (KDVR) -- The suspect in a mass shooting that killed five people and wounded 17 at Club Q in Colorado Springs in November pleaded guilty to several charges Monday.Anderson Lee Aldrich, 23, pleaded guilty to five counts of first-degree murder, 46 counts of first-degree attempted murder and no contest to two charges of bias-motivated crimes. Judge Michael McHenry explained this carries at least five potential life sentences without the possibility of parole.In court, Anderson said they are pleading guilty because of the high likelihood that they will be found guilty if it went to trial.Victims were notified of the possible plea deal beforehand, per Colorado law.A press conference with the 4th Judicial District Attorney’s (DA) Office is set to follow the hearing on Monday.

Wagner mercenary leader issues defiant audio statement as uncertainty swirls after mutiny

Published Wed, 26 Feb 2025 01:58:49 GMT

The leader of the Wagner mercenary group defended his short-lived insurrection in a boastful audio statement Monday, but uncertainty still swirled about his fate, as well as that of senior Russian military leaders, the impact on the war in Ukraine, and even the political future of President Vladimir Putin.Russian Defense Minister Sergei Shoigu made his first public appearance since the uprising that demanded his ouster, in a video aimed at projecting a sense of order after the country’s most serious political crisis in decades.In an 11-minute audio statement, Yevgeny Prigozhin said he acted “to prevent the destruction of the Wagner private military company” and said he acted in response to an attack on a Wagner camp that killed some 30 of his fighters.“We started our march because of an injustice,” Prigozhin said in the recording that gave no details about where he is or what his future plans are.A feud between the Wagner Group leader and Russia's military brass that has festered th...

DeSantis pitches crackdown on illegal immigration in first major policy proposal of his campaign

Published Wed, 26 Feb 2025 01:58:49 GMT

Eagle Pass, Texas (CNN) — In his first major policy rollout of his 2024 presidential campaign, Florida Gov. Ron DeSantis on Monday proposed a sweeping crackdown on illegal immigration, including sending the US military to the border and mass detention and deportation of undocumented people.DeSantis would also end birthright citizenship and build a wall at the southern border, resurfacing two ideas once championed by his chief rival for the GOP nomination, Donald Trump.The introduction of his immigration platform coincided with a visit here by DeSantis, where he is speaking at the Veterans of Foreign Wars Post. Ahead of the event, DeSantis toured the border by boat with Fox News and his campaign released an ominous video touching on many of the Republican Party’s talking points about illegal immigration, including an influx of crime and drugs.As governor, DeSantis has often waded into the country’s immigration debate. Last September, he orchestrated two flights to carry migrants from...

Sports experts share thoughts on Messi’s move to Inter Miami

Published Wed, 26 Feb 2025 01:58:49 GMT

Since Lionel Messi joined Inter Miami, it seems that South Florida is the center of the soccer world, but this type of excitement for soccer in the U.S. happened before. Pelé played for the Cosmos, David Beckham played for L.A. Galaxy, but Messi playing for Major League Soccer (MLS) is beyond anything the community has ever seen. One of the world’s greatest soccer players ever is about to play for Inter Miami in the MLS and the build-up for “Messi-Mania” is already underway. Sirius XM soccer host Ray Husdon said Messi playing for the Miami team could be equated to “Beatle-Mania” back in the 60s when they conquered the music world. “It’s similar to that but it probably eclipses even that,” he said. Hudson once played for the Fort Lauderdale Strikers in the North American Soccer League and he was once the head coach of the MLS’s Miami Fusion. The former soccer player has covered Messi’s career as a broadcaster and radio host....

Mother let son take her place on doomed Titanic trip because he ‘really wanted to go’

Published Wed, 26 Feb 2025 01:58:49 GMT

(CNN) — Christine Dawood, whose husband Shahzada and son Suleman died aboard the Titan submersible, has revealed that the 19-year-old was a Rubik’s Cube obsessive who could solve the puzzle in 12 seconds.“Suleman did not go anywhere without his Rubik’s cube,” Dawood told the BBC in her first interview since the tragedy.“He said, ‘I’m going to solve the Rubik’s Cube 3,700 meters below sea at the Titanic,’” she added.“He was so excited about this,” Dawood said of her son, describing how he taught himself to solve the puzzle using YouTube videos.Dawood also revealed that she met husband Shahzada at university, and recalled how his great curiosity about the world meant he would make the family watch documentaries together.“He had this ability of childlike excitement,” she said.The family had been planning a trip on the Titan submersible for some time, Dawood said, but it was postponed by the Covid-19 pandemic.She had originally planned to make the trip with her husband because...