Interest rates will stay higher for longer as the Federal Reserve pauses further interest rate cuts to give inflation room to drop closer to its 2% target rate. The Federal Reserve held interest rates at 4.5% to 4.75%, prompted by strong economic indicators that gave the central bank more room...
The California wildfires have brought widespread disaster to communities in Southern California. It’s also contributed to a serious insurance crisis happening in the state. Many insurers have pulled out of the state or have paused coverage. AIG left the state in 2022, while Chubb and Allstate limited their coverage options...
Annual inflation increased to 2.9% in December, rising modestly above the 2.7% annual inflation rate of the previous month, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). Inflation increased 0.4% monthly in December, slightly exceeding expectations. Core CPI, which excludes food and energy,...
As President Joe Biden’s term draws to a close, he has granted federal student loan relief to an additional 150,000 borrowers. These 150,000 borrowers include almost 85,000 who attended schools that cheated and defrauded their students, 61,000 borrowers with total and permanent disabilities, and 6,100 public service workers. The debt...
Glen Grant, a military analyst and defense expert with 37 years of service in the British Army, offered a candid assessment of the challenges Ukraine faces in its war with Russia during an interview with Defence Blog. Grant, who was the first advisor to the Ukrainian Ministry of Defense at...
They say you get better as you get older. This might just be true for 401(k) plans in 2025 for those striding into their golden years. Planning for retirement just got a significant boost for Americans aged 60 to 63, thanks to provisions in the SECURE Act 2.0. Beginning...
As the new year gets underway, some Americans may be on the hunt for new jobs. The 2025 edition of LinkedIn’s “Jobs on the Rise” report released on Tuesday identified positions that have been seeing notable growth in the U.S. in the past few years. Two roles related to artificial intelligence...
Even amid ongoing war, Ukraine has maintained production and expanded the global reach of its SHERP all-terrain vehicles (ATVs). The vehicles, renowned for their extreme mobility and versatility, are now being exported to over 100 countries, with production facilities established in Turkey and India to meet rising demand. Oleksandr Biletskyi,...