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U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace, the Commerce Department reported Thursday. Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace when adjusted for seasonality and inflation, according to the department’s Bureau of Economic Analysis. Economists surveyed by Dow Jones had been looking for an increase of 2.4% following a 3.4% gain in the fourth quarter of 2023 and 4.9% in the previous period. Consumer spending increased 2.5% in the period, down from a 3.3% gain...

Homebuyers are feeling whiplashed by surging mortgage rates, and the outlook just turned grim. The average rate on the 30-year mortgage increased to 7.37% on Thursday, a steep climb from 7.11% at the beginning of the week, according to Mortgage News Daily. The quarter-point increase comes as rattled investors respond to a hotter-than-expected inflation reading. At the same time, a separate measure tracking weekly average rates rose to 6.88%, up from 6.82% the week prior, Freddie Mac found. Elevated rates have left would-be buyers in a pinch, causing both repeat and first-time buyers to step away from any purchase plans....

KEY POINTS * The consumer price index, a key inflation gage, rose 3.5% in March, higher than expectations and marking an acceleration for inflation. * Shelter and energy costs drove the increase on the all-items index. Energy rose 1.1% after increasing 2.3% in February, while shelter costs were higher by 0.4% on the month and up 5.7% from a year ago. * Following the report, traders pushed the first expected rate cut out to September, according to CME Group calculations. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The consumer price index accelerated at a faster than expected pace in March, pushing inflation higher and likely dashing...

Warsaw says soldier died of ‘unexplained natural causes’ while Moscow claims to hit Chasiv Yar command center secretively hosting senior NATO officials Before the Ukrainian counteroffensive commenced, the important city of Bakhmut fell to the Russians. I wrote at the time that it seemed the Russians would also aim to take the town of Chasiv Yar but that didn’t happen because the war shifted to the south and the Ukrainian counteroffensive. Meanwhile, a month later, the so-called hero of Bakhmut, Yevgeny Prigozhin and some of his Wagner forces, invaded Russia in what looked like an attempted coup d’etat but also...

The Polish Armed Forces are mourning the loss of Brigadier General Adam Marczak, the Chief of Staff of the EU Althea Operation Command in Mons, who passed away on Tuesday, March 26, 2024. The announcement was made via Twitter by the Operational Command of the Armed Forces. In a statement, the term “unexpected death” was used to describe the passing of General Marczak, indicating that his demise occurred due to natural causes during his off-duty hours.

Top doctors are warning that they are diagnosing an unprecedented amount of healthy young people with cancers, which are typically seen in older people. Specialist clinicians have reported much larger numbers of young and healthy people developing cancers.

A British Airways Boeing 777-200ER flying from New York-JFK to London-Gatwick (LGW) was forced to divert to St John’s in Newfoundland, Canada after one of the pilots became incapacitated. The flight, with flight number BA 2272, departed New York-JFK at 21:54 on March 14, 2024, for the seven-hour and 50-minute flight back to London, where it was due to land at 08:05 the following morning. However, after around three hours of flying eastbound and with the aircraft cruising at 40,000ft and 440 nautical miles northeast of St. John’s, the crew declared an emergency, reporting that one of the flight crew...

As Americans have continued to sound off over sticker shock on retail and grocery shelves, the U.S. Treasury secretary admitted Wednesday that her public predictions were wrong. "I regret saying it was transitory [inflation]. It has come down, but I think transitory means a few weeks or months to most people. And it's lasted longer than that," Janet Yellen told FOX Business’ Edward Lawrence in an exclusive interview. In early June 2021, Yellen had tamped down inflationary concerns, claiming rising costs and the contributing factors were "transitory," a term used to describe temporary market conditions. "We have in recent months...

Community grieves as young fisherman's life cut short unexpectedly.. The community of Winnsboro, Texas, is united in sorrow following the devastating loss of a beloved high school student, Kale Robinson, who was an enthusiastic participant in the Texas High School BASS Association for three years. The grievous event occurred shortly after Robinson took part in a fishing tournament weigh-in on a Saturday, where he suffered a fatal medical emergency, leaving his family, friends, and the wider community in a state of profound grief. At Winnsboro High School, Robinson was a well-regarded figure, known for his zest for life and commitment...

The former air stewardess 'unexpectedly started shaking and going pale', an inquest heardA WOMAN described as "perfectly healthy" died after a night out watching the football with her husband, an inquest heard. Stacey Dannielle Harris and partner David enjoyed the World Cup final with friends a week before Christmas in 2022. Stacey Dannielle Harris died after a night out watching the football with her husband The 30-year-old with her partner David, who tried to save her life The couple, who had a "fantastic relationship", had a few drinks before returning to their home in Caerau, Cardiff, with a takeaway at...

KEY POINTS Advance retail sales declined 0.8% for January, down from a 0.4% gain in December and worse than the estimate for a 0.3% drop. Sales at building materials and garden stores were especially weak, sliding 4.1%. Miscellaneous store sales fell 3% and motor vehicle parts and retailers saw a 1.7% decrease. Also, initial claims for unemployment insurance totaled 212,000 for the week ended Feb. 10, a decline of 8,000 from the previous week’s upwardly revised total and below the estimate for 220,000.

A family of nine from Venezuela seeking asylum came to the United States asking for help. They have experienced a journey that has taken them from South America to the southern border, to New York, and now to Utah. Advocates caution that more challenges lie ahead, impacting everyone in Utah. Yurjanis Leal left her home in Venezuela in 2021. Along with her two children, siblings, mother, and friends made along the way, she arrived at the southern border in Texas on Dec. 20, 2023. From Texas, they traveled to New York, where they stayed for a month before coming to...

Just as confidence grew that inflation was tamed, it rears its head again, sending shockwaves through the markets. The Dow Jones takes a nosedive of more than 400 points following January's inflation report, which significantly surpassed expectations. Economists find themselves puzzled as both Core CPI and headline CPI register higher than anticipated for the second consecutive month. The unsettling reality extends beyond these headline figures, with inflation soaring in essential areas: Car Insurance Inflation: 20.6% Transportation Inflation: 9.5% Hospital Services Inflation: 6.7% Car Repair Inflation: 6.5% Homeowner Inflation: 6.2% Rent Inflation: 6.1% Food Away From Home Inflation: 5.1%

GREENVILLE, S.C. (FOX Carolina) - Bryce Stanfield, a student-athlete who was hospitalized after a medical emergency, has passed away, Furman University announced on Friday. Stanfield, a 21-year-old football player and health sciences major, collapsed during a workout Wednesday morning at Paladin Stadium. He was taken to the hospital and placed on life support. His coaches said he had a back strain that had limited what he could do before practices started, but it was something he had been dealing with and was being rehabbed to get ready for the season. They were not aware of any other medical issues

Prince Harry has flown back to the United Kingdom to see his father, according to media reports, after the shock announcement on Monday from Buckingham Palace that King Charles III has cancer. Harry, who arrived in London Tuesday from California, has been involved in a long-running, public falling out with his family in the years since he and wife Meghan, Duchess of Sussex, stepped back from royal duties, though the duke did make a brief visit to the UK for Charles’ coronation last year.

A referee collapsed and passed away during halftime of a junior varsity boys basketball game in Pennsylvania Friday night. “Michael Roebuck, 45, a first-year official from New Stanton, was about to take the court for the second half of a game between Yough and Mt. Pleasant when he dropped to the floor ... Mount Pleasant school Superintendent Timothy Gabauer issued a statement Saturday morning about the referee’s sudden passing. “Our school community is deeply saddened by the death of Mr. Roebuck that occurred during halftime of the Junior Varsity basketball game ... Despite the immediate medical response and efforts of...

Toddler twin daughters, a husband and countless others are mourning the loss of a woman gone too soon.LayCee Barnett, 28, who had just learned she was expecting another child, felt what her husband Josh Barnett described as flu-like symptoms on Jan. 10. Days later, she got news that shook her world — and then immediately took her from it. "The Wednesday before the 15th, LayCee started getting sick, so we waited a couple of days with things not changing," Josh Barnett recalled. "Fevering started happening and then her legs got really weak, so we went to the Instacare,

KAIT, a news station in Arkansas that Hanson worked for from 2010 to 2015 and again from 2018 to 2021, said she "had a medical emergency earlier this week and died from complications." It's not clear what the medical emergency was at this time.

Former Queens city Councilman Paul Vallone — a member of a long line of local leading public servants — died unexpectedly Saturday evening. He was 56. Vallone, who was currently serving as New York City’s Veterans Services deputy commissioner, suffered a fatal heart attack at his home and was rushed to a Flushing hospital but could not be revived, sources close to his family told The Post on Sunday. The married father of three was “upbeat” and “happy” the day before he died, Queens Civic Congress President Warren Schreiber told the Queens Chronicle. “It’s a big blow to the community,”...

Amari Crite, 14, died while participating in a basketball game this week.. MOMENCE, Ill. () - A girls high school basketball player reportedly collapsed and died this week in Illinois. According to multiple reports, 14-year-old Amari Crite died on Thursday after collapsing on the court while playing a home game at Momence High School. The Daily Journal reports that Momence School District Superintendent Shannon Anderson issued the following statement that read in part: “We are deeply saddened to confirm the heartbreaking news of the passing of one of our 9th-grade students on January 25, 2024. Our thoughts and condolences go...