Despite a recent reduction in inflation, the Federal Reserve (Fed) unexpectedly increased its benchmark interest rate by a quarter percentage point. In light of the uncertainty surrounding the solid economy, this move suggests that there may be another rate increase in the upcoming months. Let’s look at what this implies and how it might impact […]
“NASA is using this system for a mission to Mars.” If all goes according to plan, the first nuclear-powered rocket engine will be propelled into space in roughly four years. Although the rocket will be typical, the payload sent into space will be special. The United States Department of Defense and NASA said on Wednesday […]
A $1.08 billion jackpot was won on Wednesday night in Los Angeles thanks to a Powerball ticket purchased at a convenience store that matched all six numbers. One of the largest jackpots in the game’s history has not yet been claimed by the owner(s) of the winning ticket(s). The fortunate ticket holder can choose between […]
Flood insurance is administered by FEMA (the Federal Emergency Management Agency) in the US and made available to the general public through a network of more than 50 insurance providers. Amy Roger felt helpless and powerless last week when water found its way into her house. Before she could react, the first floor of her […]
Due to rising risks from natural catastrophes, the American Automobile Association withdrew from providing insurance in Florida, joining an expanding list of insurance companies leaving the Sunshine State. In an email to CBS MoneyWatch, the company said: “Unfortunately, the Florida insurance market has become challenging in recent years.” Devastating hurricanes last year had a significant […]
