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KANSAS CITY, Mo. 鈥?With a struggling economy, everyone is trying to stay afloat. Financial barriers, like the fact that it s now more expensive to take on a loan, can weigh some down.This week, the Federal Reserve raised its key interest rate by three-quarters of a point. It s the biggest increase since 1994, and likely just one of several rate hikes on the way.The rate hike will find its way to virtually all consumer loans, including credit cards, mortgages, home equity loans, car loans and student loans. Economists are concerned about a possible recession next year.
stanley bottle They say 401Ks are really taking a hit right now, and when the stock market falls, those retirement funds suffer. One local financial educator said it s all about a long term goal. I strongly believe, preach, long-term investing, Financial Educator Mallory Baska said. You do not lose money in the stock market unless you sell. If you have a long-term strategy, now is actually a great time to continue buying if you are able to. Baska say
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TOKYO 鈥?American pole vaulter Sam Kendricks, a two-time world champion, has been forced to pull out of the Tokyo Olympics after testing positive for the coronavirus.The U.S. Olympic and Paralympic Committee announced the 28-year-old athletes positive test in a sta
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stanley cup nt on Twitter Wednesday night.The committee says Kendricks has been transferred to a hotel to be placed in isolation and hes being supported by the U.S. track and field staff. Sam is an incredible and accomplished member of Team USA, and his presence will be missed, wrote the committee.Kendricks, who won the bronze medal in the last Olympics, was considered a contender for the gold this summer.Its unclear at this time if the U.S. record holder is vaccinated against COVID-19.Kendricks positive test affected other athletes as well, including the entire Australian track team which spent time in a brief quarantine due to three athletes reportedly coming in contact with the American. Those three people tested negative, and the team has returned to normal activities, according to a statement.As for other Americans, its unknown who came in contact with Kendricks, but USA Track and Field said in a statement that hi
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