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Showing
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29,000+ military vets kicked out over sexuality denied honorable discharge
06/23/2023 04:26am • ▶ Watch Video: LGBTQ+ veterans still fighting for honorable discharges New figures shared exclusively with CBS News are offering a detailed look at the scope of decades of discrimination by the U.S. military against gay and lesbian service members, revealing that more than 29,000 i
7 Best ETFs to Invest in Corporate Bonds
06/22/2023 08:00pm • U.S. government-issued Treasury bonds may have hogged the spotlight in fixed-income markets recently due to the U.S. debt ceiling crisis, but they are hardly the only choice for investors. While Treasurys offer a low risk of default thanks to their ironclad credit quality, this comes at the cost of
7 ETFs to Bet on a Banking Sector Rebound
06/22/2023 08:00pm • In March 2023, cracks in the U.S. banking sector began appearing in a manner reminiscent of the failure of Washington Mutual during the 2008 financial crisis. One after the other, several prominent regional banks collapsed under a deluge of panicked depositors seeking to withdraw their capital. Star
Mortgage Rates Decline -- But Economists Revise Long-Term Forecasts
06/22/2023 08:00pm • Mortgage rates pulled back this week, with the average 30-year fixed rate retreating to 7.08%. Interest rates on most fixed-rate mortgage products, including FHA
loans
and VA
loans
, decreased or stayed about the same. Meanwhile, adjustable mortgage rates inched slightly higher. Here are the current
Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in
loans
, French say
06/22/2023 04:29pm • PARIS (AP) — Zambia and its government creditors, including China, have reached a deal to restructure $6.3 billion in
loans
, the French government announced Thursday on the sidelines of a global finance summit in Paris. The agreement covers
loans
from countries including France, the UK, South Afri
May home sales rise with near record-few on the market and biggest annual price drop since 2011
06/22/2023 02:26pm • LOS ANGELES (AP) — Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market. Existing home sales rose 0.2% last month fro
Climate activist Nakate urges rich countries to cancel debt, grant climate finance at Paris summit
06/22/2023 02:22pm • PARIS (AP) — Facing an audience packed with world leaders and finance officials in suits, Ugandan climate activist Vanessa Nakate silenced the room, then made everyone listen to some uncomfortable facts. Speaking at a two-day summit aimed at seeking better responses to tackle poverty and climate c
Average long-term US mortgage rate falls to 6.67%, third straight drop since climbing to 2023 high
06/22/2023 12:32pm • LOS ANGELES (AP) — The average long-term U.S. mortgage rate fell for the third time in as many weeks, a welcome boost for homebuyers facing a housing market that’s been held back this year by a tight inventory of homes for sale. Mortgage buyer Freddie Mac said Thursday that the average rate on t
Shifting S. Africa coal plant for clean energy needs millions in
loans
. Experts say that's a problem
06/22/2023 11:13am • MIDDELBURG, South Africa (AP) — Plumes of heat-trapping pollutants last billowed from the giant stacks of Komati Power Station in October, when the coal-fired plant that fed South Africa’s hungry electrical grid for more than half a century was shut down to make way for a solar, wind and battery
UK recession fears mount after Bank of England hikes borrowing rates by more than expected
06/22/2023 10:56am • LONDON (AP) — Fears that the British economy is heading for recession mounted sharply Thursday after the Bank of England raised borrowing costs by more than anticipated, seeking to combat stubbornly high inflation with a hike that will hit borrowers hard, particularly homeowners who have to refina
Kenya's new tax package angers some backers of president who once vowed to reduce cost of living
06/22/2023 10:43am • NAIROBI, Kenya (AP) — Kenyans are preparing for tough times after lawmakers approved tax increases that are even unpopular with supporters of the president who once vowed to reduce the cost of living. The doubling of the tax on petroleum products, from 8% to 16%, is expected to have a ripple effec
Pakistan's premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default
06/22/2023 06:26am • ISLAMABAD (AP) — Pakistan’s premier Shahbaz Sharif met Thursday with the head of the International Monetary Fund on the sidelines of a global financing meeting in Paris, hoping to unlock a $6 billion bailout and gain the release of a critical tranche of $1.1 billion in
loans
which has been on ho
Stock market today: Asian shares mixed after Fed chair inflation comments
06/22/2023 12:27am • TOKYO (AP) — Asian shares were trading mixed Thursday following a retreat on Wall Street after the Federal Reserve chair made comments that indicated inflation still isn't under control. Japan's benchmark Nikkei 225 was flat at 33,575.63. Australia's S&P/ASX 200 declined 1.6% to 7,196.10. Sou
Texas Sen. Angela Paxton barred from voting in husband's impeachment trial
06/21/2023 11:31pm • AUSTIN, Texas (AP) — Texas state Sen. Angela Paxton, the wife of Attorney General Ken Paxton, is barred from voting in the impeachment trial that could lead to her husband's permanent removal from office, the Republican-controlled Senate decided Wednesday night. The rule settles a question that h
10 Tips to Live Well on Social Security Alone
06/21/2023 08:00pm • Social Security is a game-changer for American workers. Created in 1935, it does more to lift people out of poverty than any other program in the country, according to the nonpartisan Center on Budget and Policy Priorities. Their analysis of 2022 data finds that Social Security payments keep 21.7 mi
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