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ABC NewsInterest rates could be high for much longer. Here's what it means for your finances
For months, the Federal Reserve has forecasted interest rate cuts that would deliver much-needed relief for Americans burdened by high mortgage and credit card loans. At a press conference this week, however, Fed Chair Jerome Powell cast doubt on whether those rate cuts would arrive after all, saying the Fed needs to “gain greater confidence” that inflation is headed toward an acceptable level. The prospect of high interest rates for a longer period of time could exacerbate the financial pain already imposed by elevated borrowing costs, making loans expensive even as consumers still weather elevated prices, experts told ABC News.
- ABC News
Trump trial live updates: 'What have we done?' Stormy Daniels' lawyer texted on election night
Former President Donald Trump is on trial in New York City, where he is facing felony charges related to a 2016 hush money payment to adult film actress Stormy Daniels. Trump last April pleaded not guilty to a 34-count indictment charging him with falsifying business records in connection with a hush money payment his then-attorney Michael Cohen made to Daniels in order to boost his electoral prospects in the 2016 presidential election. Prosecutor Joshua Steinglass led off the re-direct examination of Stormy Daniels' former attorney Keith Davidson by asking Davidson about the recorded phone call with Cohen in April 2018.
- ABC News
'Violent protest is not protected,' Biden says of college campus unrest
President Joe Biden on Thursday spoke out from the White House on college protests happening across the nation in connection with the Israel-Hamas war. "We've all seen images, and they put to the test two fundamental American principles," Biden said from the Roosevelt Room. It marked the first time Biden directly addressed the issue since his brief comments to reporters on April 22, before the escalation of suspensions and arrests at several campuses.
- Good Morning America
Novo Nordisk announces $6B investment in Ozempic, Wegovy amid shortages
An executive for Novo Nordisk, the maker of popular drugs used for weight loss including Ozempic and Wegovy, says the company is investing over $6 billion dollars to help meet the increased demand for the drugs amid ongoing shortages and high prices. Negelle Morris, senior vice president and head of U.S. cardiometabolic sales at Novo Nordisk Inc., warned though that even with the increased investment, there will still likely be a delay in getting the drugs to the market.
- Good Morning America
Student who is blind pursues her dreams with the help of her teachers
At St. Joseph's School for the Blind in Jersey City, New Jersey, Ana Centeno, 19, stands out not just for her notable achievements but also for her ability to navigate her challenges and cultivate distinct capabilities to enrich her life and inspire others. Blind since birth, Centeno has attended St. Joseph's School for the Blind for 16 years. Established in 1891 by the Sisters of St. Joseph of Peace, St. Joseph's School for the Blind provides programs for the visually impaired and students with disabilities from birth to adulthood, according to its website.
- ABC News
US military acknowledges errant drone strike last year killed a civilian, not an al-Qaeda leader
A targeted U.S. drone strike in northwest Syria one year ago Friday hit and killed a civilian, not the al-Qaeda leader it was looking for, the Pentagon said after an internal review. "U.S. Central Command acknowledges and regrets the civilian harm that resulted from the airstrike," the combatant command said in a statement after the year-long review. It confirmed the Syrian, Lufti Hasan Masto, "was struck and killed instead" of an intended senior al-Qaeda leader.
- Good Morning America
Britney Spears and Sam Asghari finalize divorce
Britney Spears and Sam Asghari have finalized their divorce, a source confirmed to "Good Morning America." The news comes just over eight months after Asghari filed the petition for dissolution of marriage in Los Angeles on August 16, 2023, after just 14 months of marriage. In the court filings, the Iranian-born fitness model and actor cited irreconcilable differences as the reason for the split and listed the date of separation as July 28, 2023.
- Good Morning America
Kentucky sheriff's office welcomes 15 babies in the last year
The Boone County Sheriff's Office in Burlington, Kentucky, is experiencing a baby boom, with 15 babies born to staffers in the last year. The Kentucky law enforcement agency shared a photo celebrating the new generation of families in a Facebook post April 30, which is quickly going viral with over 2,000 likes. Photographer Kyla Scudder with Kyla Mae Photography volunteered to take the photo of the deputies, sergeants and supervisors holding their babies as a thank you for their service.
- ABC News
Ahead of election, Lyft CEO details company's newest efforts to boost voter turnout
Ahead of the upcoming election in November, the popular ride-sharing service Lyft announced a partnership that its CEO said he hopes continues the company's mission to bring more people -- especially younger voters -- to the polls. Lyft CEO David Risher told ABC News in an interview that ahead of the upcoming election, he wanted to increase the company's footprint when it comes to increasing voter turnout. "One of the most important things you can do to keep the community active and engaged is to make sure they have easy access to the polls," Risher said in the company's Washington, D.C., office.
- ABC News
What to know about 'outside agitators' cops say are co-opting Columbia protests
Protests at Columbia University against the Israel-Hamas war in Gaza have been allegedly "co-opted" by what New York City police officials described as professional outside agitators bent on sowing chaos and violence. Top police brass said protesters unaffiliated with Columbia University have been escalating the violence. On Thursday morning, the NYPD said a preliminary analysis of the 282 people arrested Tuesday night at Columbia and the City College of New York 47% were not affiliated with either school.
- Good Morning America
Kate Hudson celebrates son Ryder's 20th birthday: What to know about her 3 kids
Kate Hudson is a mom of three and proud of her blended family. Hudson, 44, shares her eldest child Ryder with ex-husband Chris Robinson, 57. The "Bride Wars" star also is a mom to two other children: son Bingham, 12, whom she shares with ex Matt Bellamy, and daughter Rani Rose, 5, whom she shares with fiance Danny Fujikawa.
- ABC News
Wearable device could aid dogs in helping to predict earthquakes, but more research needed, critics say
Can dogs help predict when earthquakes occur? The company behind the PetPace biometric collar says the health data it tracks may also have the capability of forecasting earthquakes. A dog's pulse, heart rate variability, temperature, respiration and activity are recorded and sent to the PetPace cloud in real-time, according to Asaf Dagan, chief scientist and cofounder of PetPace, the parent company of Animal Alerts, told ABC News.
- Good Morning America
Tipping point: Viral video sparks questions about gratuities
Tipping has seen a shift, especially compared to pre-pandemic, when the cost of food and everything else was lower, but one man's recent experience that went viral on social media has sparked new questions around gratuities. Mark OBrien shared a video on Instagram showing an electronic screen that displayed the suggested tip percentages on his $27 check total. The fuzzy math prompted hundreds of varied comments from viewers, with some writing that "restaurants need to pay their employees, not us," and one person arguing that "tipping is out of control."
- Good Morning America
Airbnb launches stays at 'Up' house, 'Inside Out' headquarters and more 'Icons'
Airbnb is offering customers an opportunity to stay in famous homes and places such as a re-creation of the "Up" house from Pixar's 2009 animated movie. Photos show the "Up" house, home to the fictional Carl Fredricksen and his late wife Ellie, brought to life with photos of the couple and just like in the movie, held up by 8,000 balloons among the red rocks of Abiquiu, New Mexico. The "Up" house is part of Airbnb's new "Icons" series, launched May 1, with 11 special locations.
- Good Morning America
Contempt hearing puts renewed focus on Trump's rhetoric about witnesses, jurors in hush money trial
The focus of Donald Trump's criminal hush money trial is expected to shift Thursday morning from what witnesses are saying in the courtroom to what the former president has said when he leaves. Two days after Judge Juan Merchan held Trump in criminal contempt for nine violations of the limited gag order that prohibits statements about witnesses and others involved in the case, the judge is holding a hearing Thursday to determine whether to hold Trump in contempt again and fine him $4,000 for making four additional out-of-court statements about the jury and known witnesses in the trial.
- Good Morning America
What to know as China attempts to be 1st country to return samples from far side of the moon
China is set to launch the first-ever mission, known as Chang'e 6, on Friday to collect rock and soil samples from the far side of the moon. The lunar lander is scheduled to launch by rocket at 3:50 a.m. ET from the China National Space Administration's (CNSA) Wenchang Satellite Launch Center on the island of Hainan, located to the south of China, according to NASA's Goddard Space Flight Center.
- Good Morning America
6 people, including 3-year-old, shot at Fort Worth apartment complex
At least six people ranging between the ages of 3 to 19-years-old have been shot at an apartment complex in Fort Worth, Texas, police say. The incident occurred on Wednesday evening at approximately 7:30 p.m. when the Fort Worth Police Department received a call and responded to a reported shooting at an apartment complex in the 3000 block of Las Vegas Trail in the western part of the city, according to a statement from the Forth Worth Police Department early Thursday morning. Officers immediately assisted in providing medical attention with the help of the Fort Worth Fire Department and MedStar, authorities said.
- Good Morning America
Princess Charlotte turns 9: See the new pic taken by Kate Middleton
Princess Charlotte, the second child of Prince William and Kate, the Princess of Wales, is celebrating her 9th birthday. Kensington Palace on Thursday released a new photo taken by Kate in Windsor in the last few days, according to the palace. The young royal made her public debut just hours after her birth at St. Mary's Hospital in London.
- ABC News
5th victim's body recovered in Baltimore Key Bridge collapse
The body of a fifth victim of the Baltimore Francis Scott Key Bridge collapse has been recovered. Authorities said the body of Miguel Angel Luna Gonzalez, 49, of Glen Burnie, Maryland, was recovered on Wednesday. Unified Command salvage teams said its teams had earlier found one of the construction vehicles reported missing when the bridge collapsed in March and notified the Maryland Department of State Police.
- ABC News
US maternal mortality rates fell in 2022 after 3 years of increases: CDC
Maternal mortality rates in the United States fell in 2022 after at least three years of continuous increases, new federal data shows. In 2022, 817 women in the U.S. died of maternal causes with a rate of 22.3 maternal deaths per 100,000 live births, according to the report published early Thursday by the Centers for Disease Control and Prevention's National Center for Health Statistics. This is a drop from the 1,205 women that died in 2021 with a rate of 32.9 maternal deaths per 100,000 live births.
