Saturday, December 21, 2024
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Author Archives: Stonecom Interactive

What the Fed interest rate cut means for your wallet

The cost of borrowing is coming down. For the first time since the 2008 financial crisis, the Federal Reserve cut interest rates. The central bank lowered the benchmark federal funds rate by a quarter percentage point Wednesday. The decision could make it easier for consumers to borrow money, on everything from credit cards to car loans. CBS News business analyst Jill Schlesinger joins “CBS This Morning” with a look at what the decision means for your wallet. Source

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A$AP Rocky set to testify in Swedish assault trial

Rapper A$AP Rocky is expected to testify shortly, on day two of his assault trial in Sweden. Rocky, along with his cousin and friend, is accused of attacking a 19-year-old man in Stockholm last month, a charge they deny. The case has escalated into an international spat, with American celebrities and President Trump calling for the release of the three men. Roxana Saberi reports. Source

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