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How a Fed increase could affect credit card debt, auto loans

Published Fri, 01 Nov 2024 10:22:17 GMT

NEW YORK (AP) — If, as expected, the Federal Reserve raises interest rates yet again Wednesday in its drive to cool inflation, much of America will be directly affected.Rates on credit cards, mortgages and auto loans, which have been surging since the Fed began raising rates last year, all stand to rise even more. The result will be more burdensome loan costs for both consumers and businesses.On the other hand, many banks are now offering higher rates on savings accounts, giving savers the opportunity to earn more interest.Economists worry, though, about whether the Fed’s streak of 10 rate hikes since March 2022 will eventually cause the economy to slow too much and cause a recession.Here’s what to know:WHAT’S PROMPTING THE RATE INCREASES?The short answer: Inflation. Inflation has been slowing in recent months, but it’s still high. Measured over a year earlier, consumer prices were up 5% in March, down sharply from February’s 6% year-over-year increase.The Fed’s goal is to slo...

Police: Man charged after shot fired at Memphis TV station

Published Fri, 01 Nov 2024 10:22:17 GMT

MEMPHIS, Tenn. (AP) — A man charged after a shot was fired into the lobby of a Memphis television station has faced mental health challenges for much of his life, his mother said.No one was struck by the shot fired Tuesday into the WHBQ station, the Fox affiliate in Tennessee’s second-largest city, Memphis Police Department Deputy Chief Stephen Chandler said at a news conference. The bullet fired with an “AR-style rifle” hit glass and a desk, but it wasn’t clear if it was fired intentionally, he said. Crisis negotiators helped take the suspect into custody.“He wanted to meet with media. He had a message to send out,” Chandler said. He didn’t provide more details.Memphis police later announced that they had arrested Jarrad Nathan, 26, and charged him with aggravated assault and reckless endangerment. It wasn’t immediately clear if he had an attorney. Nathan has had mental health issues since he was young, Marsha McKinney told news outlets. “He’s one of the nicest, k...

`Insufficient support’ blamed for courthouse floor collapse

Published Fri, 01 Nov 2024 10:22:17 GMT

SAVANNAH, Ga. (AP) — Construction crews had placed “insufficient support” beneath part of an upper floor that collapsed during renovations on the 124-year-old federal courthouse in Savannah, according to the government agency overseeing the project.Three construction workers were injured April 11 when a section of the courthouse’s third floor gave out, causing them to fall to the floor below.The General Services Administration said in a statement Tuesday that the $75 million renovation project remains paused as crews clear debris and stabilize the area where the collapse occurred. “GSA’s initial evaluations indicate that the immediate failure was due to insufficient support beneath the third floor of a section of the building, and not the result of systemic structural issues,” the agency’s statement said. “A full investigation of the building is still ongoing.”The Tomochichi Federal Building and U.S. Courthouse opened in 1899 on Wright Square in the heart of Savann...

Farmacéutica dice que un medicamento experimental frenaría el empeoramiento del Alzheimer

Published Fri, 01 Nov 2024 10:22:17 GMT

WASHINGTON — Eli Lilly and Co. dijo este miércoles que su fármaco experimental contra el Alzheimer pareció retardar el empeoramiento de la atroz enfermedad en un amplio estudio.En el ensayo de 18 meses, las personas en las primeras etapas de la enfermedad de Alzheimer que recibieron infusiones de donanemab mostraron un 35% menos de deterioro en las habilidades de pensamiento en comparación con las que recibieron un fármaco ficticio, anunció Lilly en un comunicado de prensa.El fármaco está diseñado para atacar y eliminar una proteína pegajosa llamada beta-amiloide que se acumula en placas que obstruyen el cerebro y que son un sello distintivo del Alzheimer. CNBC: de ser aprobado, Medicare cubrirá el fármaco del Alzheimer “Leqembi” para todos los pacientes Neurólogo explica sobre el tipo de demencia “irreversible y mortal” que padece Bruce Willis Un fármaco similar dirigido al amiloide, Eisai y Leqembi de Biogen, llegó recientemente...

Man killed after altercation near Sloan's Lake

Published Fri, 01 Nov 2024 10:22:17 GMT

DENVER (KDVR) — Police are investigating a deadly shooting in Edgewater that involved two men.The Jefferson County Sheriff's Office said the shooting occurred in the 5500 block of West 20th Avenue just west of Sloan's Lake. Colorado woman dead after plunge from Manhattan hotel roof: police sources According to an initial investigation, officers said two adult men were involved in an altercation, and one man was shot.JCSO said the victim was pronounced dead and they are now investigating the case as a homicide.

Colorado man sues sheriff's office for civil rights over excessive use of Taser

Published Fri, 01 Nov 2024 10:22:17 GMT

DENVER (KDVR) -- A Southern Colorado man filed a federal civil rights lawsuit against the Las Animas County Sheriff's Office, the county, the sheriff, the undersheriff and two deputies over a traffic stop that happened last November.Kenneth Espinoza was following his son Nathaniel to the shop on Nov. 29, 2022, to get his truck serviced when his son was pulled over by Las Animas County Deputy Mikhail Noel. Espinoza pulled up behind the scene when he is confronted by Lt. Henry Trujillo. Trujillo repeatedly asked Espinoza to leave the scene, but Espinoza refuses because his son is his ride home from the shop. The argument escalated and Deputy Noel came over to Espinoza's truck, and asked him to leave. When Espinoza put his truck in drive to leave, Noel can be heard commanding Espinoza to stay and grabbed the truck door handle. Noel pulled out his gun and pointed it at Espinoza. Espinoza is eventually pulled out of his truck and pushed into the back of a sheriff's office cruiser. He is ...

Atlanta PD announces active shooter situation at medical office building

Published Fri, 01 Nov 2024 10:22:17 GMT

ATLANTA, Ga. (WSVN) — The Atlanta Police Department said they were working on an active shooter situation at a medical office building. Officials made the announcement in a tweet, Wednesday.https://twitter.com/Atlanta_Police/status/1653802589413158921?s=20They mentioned multiple people are injured and no one has been taken into custody.Police closed off the streets near the building as a result of the incident and authorities are asking local residents to stay out of the area.

Loved ones honor Parkland school shooting victim in boutique closet ribbon-cutting ceremony

Published Fri, 01 Nov 2024 10:22:17 GMT

A teen that was one of the 17 killed in the Parkland shooting is being honored by his family in a way that will help many South Florida children.With a hand on her chest and a photo of her late son around her neck, Gina Hoyer was alongside her husband as they remember Luke who was killed at just 15 years old during the Marjory Stoneman Douglas High School shooting.“I’m so touched by your kindness in remembrance, of our son, always,” said Gina.On Wednesday, loved ones honored Luke’s life in a ribbon-cutting ceremony of a storage garage turned boutique closet to remember what Luke stood for.“Naming this closet after our son just means the world to us,” said Tom Hoyer, Luke’s father. “Just another example of how they step off and embrace us by remembering our son.”Located on the SOS Children’s Village Campus, Lukes’s Closet is a space where foster children get the satisfaction of the shopping experience. They could find,...

Police kill man suspected of shooting Florida mom, 3 kids

Published Fri, 01 Nov 2024 10:22:17 GMT

LAKE WALES, Fla. (AP) — After an hourslong standoff at a motel, police in central Florida fatally shot a man suspected of killing a 40-year-old woman and her three children, authorities said Wednesday.Al Joseph Stenson, 38, quickly became a suspect on Tuesday night after police were called to an apartment complex in Lake Wales, where the bodies of the woman and children, ages 21, 17, and 11, were found.After investigators tracked Stenson to the motel, he made statements that “he would kill himself or force law enforcement to kill him,” Lakes Wales police said in a news release.Investigators did not release a motive in the family’s slaying, and did not describe the relationship between Stenson and the victims other than to say they knew each other.Stenson died at the Slumberland Motel in Sanford, north of Orlando, after a standoff involving crisis negotiators and a SWAT team, police said. Sanford is about a two-hour drive from Lake Wales.Police believe the victims, whose names have n...

French economy minister defends literary pursuits after criticism over racy novel

Published Fri, 01 Nov 2024 10:22:17 GMT

PARIS — A new novel about legendary pianist Vladimir Horowitz has been the subject of much polemic in French political circles in recent days. The reason? It features an erotic scene and was written by France’s Economy and Finance Minister Bruno Le Maire.Le Maire’s new novel “Fugue Américaine” drew instant criticism and mockery after hitting bookstores last week, including by government opponents who accused the powerful minister of shunning his duties and spending his energy writing literature at a time of economic tension and social unrest. The debate on Le Maire’s side-gig comes amid protests against a controversial pensions reform and as the minister is intensifying efforts to convince Brussels that he can reduce the country’s massive public debt. His pledge didn’t convince ratings agency Fitch, which downgraded France’s credit rating one day after Le Maire published his new novel.Responding to critics, Le Maire cast himself as an...