Federal Reserve Governor Michael Barr said on Tuesday that another central bank interest rate cut could come somewhere well down the road amid ongoing risks to the U.S. inflation outlook. “Based on current conditions and the data in hand, it will likely be appropriate to hold rates steady for some time as we assess incoming … Read more
Gauging the personal pain that’s hitting those buried by credit card debt and other bills often amounts to absolute disbelief over today’s incredibly high interest rates. The average rate on credit card debt was 22.3% for accounts that carried a balance and ended up being assessed interest, according to the latest November data released by … Read more
U.S. stocks posted modest gains on Tuesday, as technology shares rebounded from earlier lows and financial stocks also provided support. After dropping as much as 1.5% at its lows of the session, the S&P 500 information technology sector pared declines and was up about 1% as gains in Nvidia and Apple overcame declines in Microsoft … Read more
When Tracie Klossner opened up her utility bill this month, she walked over to her thermostat and turned the temperature down a few degrees. A resident of the Rochester, New York, area, Klossner is no stranger to harsh winters. But a stretch of consecutive days of temperatures that hardly cracked the 20s and dipped to … Read more
Does it cost too much to travel? For people like Tim Plyant, the answer is yes. This summer, he plans to avoid travel entirely – it’s just too expensive. “I can’t believe what they’re charging,” said Plyant, an architect from Austin, Texas. He’s especially upset about the soaring food prices at the airport. “I’m on … Read more
It feels like every time you turn on the news lately, there’s another story about a carrier strike group moving into a new body of water. We’ve grown used to “gunboat diplomacy” being the primary way nations talk to each other. But behind the scenes, something else is happening. Diplomats are actually sitting down at … Read more
While the rest of the world is decked out in pink, red and white for Valentine’s Day, Louisiana coats itself in purple, green and gold in anticipation of Mardi Gras. Mardi Gras — also known as Fat Tuesday — falls on February 17 this year. The holiday takes place in the Tuesday before Ash Wednesday, … Read more
Gut health is all the craze as prebiotic sodas continue to have a moment (they’ve been in the spotlight for several years now), and Pepsi has officially jumped on the bandwagon with its own option, now available nationwide. PepsiCo announced last summer the rollout of Pepsi Prebiotic Cola, a new soft drink that contains five … Read more
Salmon sold at BJ’s Wholesale Club stores in seven East Coast states has been recalled as officials say the fish could be contaminated with Listeria. According to the U.S. Food and Drug Administration, the recall covers lot 3896 of Wellesley Farms Farm-Raised Atlantic Salmon sold in BJ’s Wholesale Club stores in seven states between Jan. … Read more