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Fed will have “work to do” if inflation doesn’t fade, Warsh says in Jackson Hole speech

Federal Reserve Chairman Kevin Warsh reaffirmed the central bank’s commitment to lowering consumer prices, acknowledging that inflation remains too high in a highly anticipated speech in Jackson Hole, Wyoming. During remarks at the Fed’s annual conference, Warsh said that recent government data shows inflation has cooled, but “they do not tell me that underlying trends…

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Gloria Gaynor says her hit “I Will Survive” became a personal anthem of strength during one of her darkest times

Gloria Gaynor’s “I Will Survive” has been a motivational anthem for nearly five decades – but it didn’t just serve as inspiration for millions of fans. Gaynor told “CBS Mornings” the song gave her hope during one of the most difficult periods of her life. After a fall on stage in 1978 at New York’s Beacon…

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The biggest weather risk for homeowners? It’s no longer hurricanes.

Tornadoes, hail and powerful winds linked to climate change now pose a bigger threat to homeowners than floods, hurricanes and other forms of extreme weather, according to new research.  In 2025, insurance payouts from “severe convective storms” (SCS) surpassed those resulting from cyclones, making them the costliest insured natural disasters in the world, climate risk…

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Trump administration halts $1 billion in Medicaid payments to California and Minnesota as part of fraud crackdown

Washington — The Trump administration is pausing more than $1 billion in Medicaid payments to California and Minnesota as part of its crackdown on fraud in federal programs, Health and Human Services Secretary Robert F. Kennedy Jr. announced Tuesday. The pause comes after reviews conducted by the Centers for Medicare and Medicaid Services, or CMS,…

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