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US revises down last quarter's economic growth to 2.7% rate
02/23/2023 09:44am • WASHINGTON (AP) — The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said Thursday in a downgrade from its initial estimate. The government had previously estimated that the economy
Fed minutes: Almost all officials backed quarter-point hike
02/22/2023 07:54pm • WASHINGTON (AP) — Nearly all Federal Reserve policymakers agreed earlier this month to slow the pace of their rate increases to a quarter-point, with only “a few” supporting a larger half-point hike. The minutes from the Fed’s Jan. 31-Feb.1 meeting said most of the officials supported the q
M.D.-Ph.D. Programs Fuse Medicine and Research
02/22/2023 07:00pm • Jackie Lin, an M.D.-Ph.D. student at Morehouse School of Medicine in Georgia, says she knew from a young age that she wanted to be a doctor. But her interest in also getting a Ph.D. came much later. While in medical school, Lin decided to pursue the dual degree to integrate her clinical interest in
7 Best Bond Funds for Retirement
02/22/2023 07:00pm • Bonds make up the foundation of any successful retirement portfolio. These assets are debt-related instruments issued by governments and corporations that are looking to raise money. Think of them as the other side of the loan, where the "issuer" is the borrower and investors are collectively the le
SECURE 2.0 Retirement Bill Offers New Incentives to Save for Retirement
02/22/2023 07:00pm • The SECURE 2.0 Act was signed into law on December 29, 2022, bringing with it a bevy of changes to retirement savings. The legislation introduced several policies designed to shore up long-term retirement savings for the average American, including rules like automatic enrollment in 401(k) programs
EU pandemic fund inspectors say no sign of fraud in Spain
02/22/2023 11:40am • MADRID (AP) — The European Parliament´s budget control committee said Wednesday it has found no evidence of deceit or fraud in Spain’s handling of the 31 billion euros ($33 billion) it has received so far in special European Union post-pandemic recovery funds. But a visiting delegation urged
New estimate U.S. could face default on debt by early June
02/22/2023 10:27am • WASHINGTON (AP) — The U.S. could face an unprecedented default on its obligations as soon as early June if Congress does not act to lift the debt limit, a Washington think tank said Wednesday. The Bipartisan Policy Center, which forecasts the approximate “X-date” when the government will no
Can college abroad actually save you money?
02/22/2023 10:10am • When Emma Freer was a high school senior in 2011, her impression of American campus culture — sororities, football games, broad course requirements — didn’t appeal. Her parents had saved enough money to cover her in-state tuition, but, she says, “I knew I didn’t want to go to Ohio State.
Asian shares decline following Wall Street tumble
02/21/2023 11:17pm • TOKYO (AP) — Asian shares declined Wednesday after stocks tumbled on Wall Street as worries persist about higher interest rates and their tightening squeeze on the global economy. Tokyo's benchmark Nikkei 225 dipped 1.4% in morning trading to 27,100.51. Australia's S&P/ASX 200 slipped 0.3% to
The Pros and Cons of Metal Roofing
02/21/2023 07:00pm • The gentle drumming of raindrops on a metal roof is a sound unlike any other, often bringing back memories of childhoods spent on farms or watching the rain from a covered back porch. But, as it turns out, those metal roofs are more than just a source of rain music, they're also a modern solution to
Inverted Yield Curve: Is It Still a Recession Indicator?
02/21/2023 07:00pm • When it comes to economic forecasts, the U.S. Treasury yield curve is a go-to gauge for many seasoned investors. And for good reason: An inverted yield curve has accurately foreshadowed all 10 recessions since 1955, according to data from the Federal Reserve Bank of San Francisco. But what exactly i
Reflections of War: A Year in Ukraine
02/21/2023 01:52pm • One year ago, Russia launched Europe’s biggest war since WWII. Russian tanks began rolling into Ukraine, sending civilians fleeing for basement bunkers and their country’s borders. Governments around the world imposed stringent sanctions on Russia in an attempt – so far unsuccessful - to press
US home sales fell again in January; prices edged higher
02/21/2023 11:56am • LOS ANGELES (AP) — The nation's housing slump dragged on into January as home sales fell for the 12th consecutive month to the slowest pace in more than a dozen years. The National Association of Realtors said Tuesday that existing U.S. home sales fell to a seasonally adjusted annual rate of 4
LuLa back with goals as Inter Milan prepares to face Porto
02/21/2023 11:34am • MILAN (AP) — The LuLa attack is back for Inter Milan, just in time. Both Romelu Lukaku and Lautaro Martínez scored for Inter in a 3-1 win over Udinese in Serie A, four days before the team faces Porto on Wednesday in the first leg of the round of 16 of the Champions League. That was the first tim
Should you get a balance transfer credit card? Experts weigh in
02/21/2023 11:31am • This content is sponsored by PenFed Credit Union, federally insured by NCUA. You may have heard about a balance transfer – but have wondered about the benefits and if it’s a good move for you. The experts at PenFed Credit Union have tips for when to use a balance transfer credit card and pay
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