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If interest rates remain ‘higher for longer,’ the winners are those with cash accounts
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If interest rates remain ‘higher for longer,’ the winners are those with cash accounts

Many people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a slower pace of interest rate cuts than previously forecast. However, others with money in high-yield cash accounts will benefit from a “higher for longer” regime, experts say. “If you’ve got your money in the right place, 2025 is going to...

Bryant Park’s Winter Village kiosk catches fire
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Bryant Park’s Winter Village kiosk catches fire

A fire broke out inside a holiday market kiosk in Midtown Manhattan Friday morning, officials said. There were no injuries. The blaze ignited shortly before 9:30 a.m. at a booth in Bryant Park’s Winter Village and was extinguished a short time later, the New York Fire Department said. The kiosk and an adjacent booth were...

Man suspected of fatally setting woman on fire on NYC subway charged with murder, arson
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Man suspected of fatally setting woman on fire on NYC subway charged with murder, arson

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing ‘Malicious deed’: District attorney on charges brought against subway murder suspect 01:58 UP NEXT Biden commutes nearly every federal death row inmate to life without parole 02:48 UnitedHealthcare CEO murder suspect Luigi Mangione to face state charges on...

15 major U.S. cities where home prices have risen the most in 2024
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15 major U.S. cities where home prices have risen the most in 2024

Even with high mortgage rates discouraging buyers, home prices climbed in most major U.S. cities in 2024. In the 50 largest U.S. cities, median home prices are up 5.8% through November, compared with all of 2023, according to Redfin data shared with CNBC Make It. Anaheim, California, saw the most growth, with home prices up 12.5%. Like...

Ad revenue should stabilize for media companies in 2025 — if they have sports
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Ad revenue should stabilize for media companies in 2025 — if they have sports

The advertising market has positive momentum going into 2025 — especially for media companies with sports rights and tentpole live programming. Sports and live events such as awards shows reigned supreme in conversations with media executives who weighed in on their expectations for the advertising market in the year ahead. The end of the uncertainty...

Elon Musk and Vivek Ramaswamy open rift with MAGA loyalists over skilled worker visas
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Elon Musk and Vivek Ramaswamy open rift with MAGA loyalists over skilled worker visas

A multi-day firestorm has erupted over comments made by two incoming advisers to President-elect Donald Trump about H-1B temporary worker visas, a carve-out for high-skilled workers that some in MAGA world say are taking American jobs.   The fight began brewing on X ahead of Christmas after Trump named venture capitalist Sriram Krishnan to a...

Man accused of fatally setting New York City subway rider on fire indicted on murder and arson charges
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Man accused of fatally setting New York City subway rider on fire indicted on murder and arson charges

The man accused of killing a New York City subway rider by setting her on fire was indicted Friday on four counts of murder and one count of arson, prosecutors announced. Sebastian Zapeta-Calil, 33, a Guatemalan citizen, had been charged by police with first-degree murder, second-degree murder and first-degree arson in connection with setting the...

Azerbaijan Airlines says doomed flight saw ‘external and technical interference’ before it crashed
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Azerbaijan Airlines says doomed flight saw ‘external and technical interference’ before it crashed

An investigation into the deadly crash of an Azerbaijan Airlines flight in Kazakhstan earlier this week came after the passenger plane experienced “physical and technical external interference,” the carrier said Friday. The Embraer 190 crashed near the Kazakh city of Aktau on Wednesday, killing 38 of the 67 people on board while en route from Baku,...