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The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at “TheStreet,” joins CBS News to examine what’s behind the increase and what it means for interest rate cuts.
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A 42-year-old man from Niagara Falls miraculously survived after driving his 2008 Toyota Tundra over a cliff and into Niagara Falls Gorge in New York. The man was able to get out of the badly damaged truck and walk out of the gorge on his own, sustaining non-life-threatening injuries. Authorities are investigating the incident with assistance from the New York State Police Bureau of Criminal Investigation and the Niagara County District Attorney’s Office, while New...
Read moreMarine wildlife experts attempted to help direct a young minke whale out of Long Beach Harbor after it had been swimming there for a few days. Despite efforts to guide the whale out, it initially swam out but then returned. The team decided to give the whale another chance to leave on its own, with no immediate danger to the animal. Full Article
Read moreAfter nearly three months since the January wildfires in Los Angeles, human remains were discovered in Altadena, Calif., raising the total death toll to 30 from the Eaton and Palisades fires. The victims of the Eaton fire, which killed 18 people, were mostly older than 65, with an average age of 77. Los Angeles County officials are facing scrutiny over evacuation procedures, prompting the approval of a motion to develop a registry for evacuating vulnerable...
Read moreThe C.E.O. of First American Financial Corporation, Kenneth D. DeGiorgio, is facing a criminal charge for assaulting a passenger on a Caribbean cruise after his wife confronted the man about dancing barefoot. DeGiorgio allegedly choked the man, who claimed he was threatened, leading to the incident being captured on security camera footage. Despite denying wrongdoing, DeGiorgio faces up to one year in prison if convicted and received nearly $7.8 million in compensation in 2024 from...
Read moreThe Las Vegas Raiders have committed to Geno Smith for the 2025 season with a two-year, $75 million extension, reuniting him with former coach Pete Carroll. Smith, 34, received $66.5 million in guaranteed money and could earn up to $85.5 million with incentives, solidifying his role as the Raiders' quarterback through 2027. Coming off a record-breaking season with the Seahawks, Smith aims to lead the Raiders back to the playoffs in a tough AFC West...
Read moreSenate Republicans advanced President Trump's tax cut agenda by passing a budget resolution with a 52-48 vote, despite concerns about insufficient spending cuts. The plan includes tax cuts, border enforcement, and increased military spending, potentially adding $5.8 trillion to the national debt. The Senate aims to pass the resolution after 50 hours of debate and send it to the House for approval, unlocking a parliamentary tool to enact the Trump agenda later this year. Full...
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News Wave is not responsible for the content of external sites.