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Fed cuts key rate for first time in 4 years

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www.youtube.com – 11Alive – 2024-09-19 11:40:37

SUMMARY: Loan affordability has improved following a Federal Reserve interest rate cut of half a percentage point, marking the first reduction in four years. This cut, driven by favorable inflation trends, enables cheaper car loans, home loans, and business loans, as well as lower credit card rates. A Cobb County business owner expressed hope for further rate cuts to facilitate aspirations like home ownership and education. With variable rate loan holders likely seeing lower bills soon, economists anticipate more rate cuts may occur later this year, with the next Federal Reserve meeting scheduled for November.

The Federal Reserve cut the rate by a half-percent cut. It’s a result of improvements in inflation.

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News from the South - Georgia News Feed

Legendary gymnastics coach Bela Karolyi dies

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www.youtube.com – 11Alive – 2024-11-17 09:13:40

SUMMARY: Former Team USA coach Bella Coroli has died at age 82, as reported by USA Gymnastics. He was a prominent figure in women’s gymnastics, coaching the successful U.S. teams of the 1980s and 90s, including the Magnificent 7 at the 1996 Atlanta Olympics. However, his legacy is controversial, especially amid the Larry Nassar scandal, with numerous former gymnasts alleging Coroli contributed to a toxic culture that enabled Nassar’s abuse. In response to his death, Dominique Moceanu, a member of the Magnificent 7, reflected on their challenging relationship while sending condolences to his family and emphasizing the need for compassion in gymnastics.

He was a pivotal figure for the U.S. gymnastics team.

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News from the South - Georgia News Feed

Here is how inflation could impact holiday dinner

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www.youtube.com – 11Alive – 2024-11-16 08:21:40

SUMMARY: Thanksgiving shoppers may experience mixed price trends this year as grocery inflation eases. According to Wells Fargo, fresh turkey prices remain stable compared to last year, with a slight 2% decline in name brand prices, thanks to improved conditions for farmers and reduced feed costs. However, stuffing prices are rising, up 9% for name brands and 3% for store brands, attributed to ongoing inflationary pressures. Cranberry supplies have increased, leading to a 3% drop in name brand prices. Amid inflation concerns, major retailers are offering meal deals, though many consumers still plan to maintain their holiday spending.

Here are the numbers.

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News from the South - Georgia News Feed

'Hunting for females' | First day of trial in Laken Riley murder reveals evidence not seen yet

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www.youtube.com – 11Alive – 2024-11-15 22:12:35

SUMMARY: The trial for Jose Ibarra, accused of murdering nursing student Lakan Riley on the University of Georgia campus, began with prosecutors seeking a guilty verdict on 10 counts, including murder. Prosecutors allege Ibarra attacked Riley during a run after she rejected his advances, leading to her death. Riley’s family attended the proceedings, visibly emotional. The defense contends the evidence is circumstantial and lacking. The case has garnered national attention, influencing debates on immigration, as Ibarra is a Venezuelan citizen who entered the U.S. illegally. Court proceedings will continue on Monday.

Jose Ibarra, who entered the U.S. illegally, is charged with murder in the February killing.

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