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How higher Fed rates stand to affect Americans' finances 05/04/2022 07:43pm • WASHINGTON (AP) ��� Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation. The substantial half-point hike in its benchmark short-term rate that the Federal Reserve announc Fed raises key rate by a half-point in bid to tame inflation 05/04/2022 05:25pm • WASHINGTON (AP) ��� The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday ��� its most aggressive move since 2000 ��� and signaling further large rate hikes to come. The increase in the Fed���s ke How to save more when inflation makes your money count less 05/04/2022 02:00pm • When it comes to spending power, inflation means that things cost more and that your money becomes less valuable. When a period of high inflation hits ��� like right now ��� you may want to consider changing up the way you handle your finances to help protect the value of your cash. ���Inflation Editorial Roundup: United States 05/04/2022 01:20pm • Excerpts from recent editorials in the United States and abroad: April 29 The New York Times believes the Federal Reserve should take a measured approach to addressing inflation Jerome Powell, the chair of the Federal Reserve, has often expressed admiration for the resolve exhibited by one of his pr 'Good vibes' for McIlroy as he defends at soggy Wells Fargo 05/04/2022 12:57pm • Wearing black rain pants on a soggy, foggy Wednesday morning, Rory McIlroy still had a bounce in his step and plenty of reasons to smile as he chatted with reporters, signed autographs and posed for selfies outside the clubhouse at TPC Potomac at Avenel Farm. He is coming off a career-best runner Goal! Maradona's 'Hand of God' shirt sets auction record 05/04/2022 11:58am • LONDON (AP) ��� The shirt worn by Diego Maradona when he scored the controversial ���Hand of God��� goal against England in the 1986 World Cup has sold for 7.1 million pounds ($9.3 million), the highest price ever paid at auction for a piece of sports memorabilia. Auctioneer Sotheby���s sold the shi Sri Lanka foreign reserves at record low, politics in crisis 05/04/2022 05:58am • COLOMBO, Sri Lanka (AP) ��� Sri Lanka���s economy is in dire straits with its usable foreign reserves down to less than $50 million, the country���s finance minister said Wednesday. Ali Sabry was speaking to Parliament after returning to Sri Lanka from talks with the International Monetary Fund. He Wells Fargo Championship primer: PGA Tour returns to DC region with star-studded field 05/04/2022 04:11am • The PGA is back inside the Beltway. Sort of. The Wells Fargo Championship comes to TPC Potomac at Avenel Farm in Potomac, Maryland, this year because Quail Hollow Club in Charlotte is hosting this year's President's Cup, moving the regular PGA Tour stop elsewhere for the second time in five years Sri Lanka opposition seeks no-confidence vote on Rajapaksas 05/03/2022 09:20pm • COLOMBO, Sri Lanka (AP) ��� Sri Lanka���s main opposition party on Tuesday issued a no-confidence declaration aiming at ousting Prime Minister Mahinda Rajapaksa and his Cabinet and blaming them of failing in their constitutional duty to provide a decent living standards amid the island nation's wors Court denies Trump effort to pause $10,000 daily fine for contempt 05/03/2022 09:08pm • ▶ Watch Video: Judge denies Trump bid to overturn contempt order A New York court on Tuesday denied former President Donald Trump's request to put a halt to the $10,000 in daily fines and a contempt order levied by a judge on April 25. Trump was held in contempt a 9 Steps to Take After Selecting a College 05/03/2022 08:00pm • You've chosen a college, now what? National College Decision Day on May 1 marks the last day, in most cases, that first-year applicants can claim their spot at a college. But that's just the beginning. There are other deadlines to meet and documents to fill out -- related to housing, dining, course Survey: Almost Four in 10 Can't Afford Their Student Loan Payments 05/03/2022 08:00pm • A late April survey from U.S. News & World Report shows that around 37% of respondents say they won't be able to make federal student loan payments if they resume on Sept. 1, 2022. Another 27.1% say they'll barely be able to cover their loan payments. Almost two-thirds of college students will h Airbnb posts much smaller Q1 loss, revenue doubles from 2021 05/03/2022 06:53pm • Airbnb sharply narrowed its first-quarter loss to $19 million, as the rebound in travel after two years of pandemic caused bookings to jump and revenue to rise 70% from a year ago. The short-stay home-rentals company predicted Tuesday that revenue in the second quarter will top Wall Street expectati US Rep. Delgado tapped by Hochul for NY lieutenant governor 05/03/2022 06:18pm • ALBANY, N.Y. (AP) ��� U.S. Rep. Antonio Delgado will serve as New York���s next lieutenant governor, New York Gov. Kathy Hochul announced Tuesday. Delgado, a Democrat, will take on the largely ceremonial role previously formerly held by Brian Benjamin, who resigned following his arrest for federal c Man convicted in $60M film finance fraud scheme 05/03/2022 04:59pm • FORT LAUDERDALE, Fla. (AP) ��� An Oklahoma man claiming to be a film financier was convicted Tuesday in South Florida of participating in a scheme to steal more than $60 million from investors and producers seeking financing for movies and Broadway shows. A federal jury in Fort Lauderdale found Jaso