Fed Raises Interest Rates, Tries To Catch Up With Inflation
In an effort to get a handle on the worst inflation in America in the last 40 years, the Federal Reserve has raised interest rates by a half-percentage point.
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In an effort to get a handle on the worst inflation in America in the last 40 years, the Federal Reserve has raised interest rates by a half-percentage point.
Renters are facing sticker shock across South Florida and the country. Miami has seen rents jump 58% in the past two years, according to Realtor.com.
Florida gas prices are on the rise again. The average price rose to $4.18 per gallon on Sunday.
Federal student loan debt could be canceled. President Joe Biden said he's "taking a hard look" at the issue will reach a decision within a month.
The Ford Motor Co. recall covers certain 2020 through 2022 Explorers with 2.3-liter engines, as well as 3-liter and 3.3-liter hybrids and the 3-liter ST.
Check that ground beef in your fridge or freezer. More than 120 thousand pounds of ground beef products are being recalled.
The Miami and Tampa areas continued in February to have among the nation's largest increases in home prices when compared to a year earlier.
Florida gas prices are gradually moving lower after rising 10 cents last week. Florida's state average rose from $4.01 to $4.11 per gallon. Drivers are now paying an average price of $4.10 per gallon.
Mortgage rates are now at the highest level they have been since 2010.
Prices at the gas pumps have dropped slightly over the last week. According to AAA, Florida gas prices dropped another 7 cents and the state average has now declined nearly 25 cents per gallon over the course of a little more than two weeks.
Electric cars took center stage as the New York International Auto Show got underway on Friday.
The April 18 deadline to file your taxes is looming. Experts say things are going more smoothly with the IRS than in recent pandemic years, but an estimated 80 million people are still waiting until the last minute.
Costs for food, housing, and gasoline helped drive inflation to its highest level in 40 years, according to the U.S. Bureau of Labor Statistics.
Florida gas prices are the lowest in more than a month. Monday's state average price for a gallon of gasoline was $4.07 per gallon and falling.
A Kmart store in West Kendall will be one of only three left in the entire U.S. after a New Jersey location closes its doors for good on April 16.
Yordanka Ozabala Garcia, 50, was taken into custody on Thursday at a home near Southwest 127th Avenue and 42nd Terrace
Deputies found a teen who was suffering from an apparent gunshot wound and later died at the hospital, according to the Miami-Dade Sheriff's Office.
Authorities arrested 43-year-old Carlos Lewin on two counts of battery on a person 65 years or older.
Kristina Andreu became the first female police major in the Key Biscayne Police Department's history during a promotion ceremony Friday inside Village Council chambers.
The city commission unanimously voted Thursday to co-designate five blocks of NW 14th Terrace from NW 32nd Avenue to NW 37th Avenue as "Angel Gonzalez Way."
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
The Trump administration has sought to project confidence in the U.S. military's munitions stocks after more than a month of war with Iran, but long-term supply questions remain.
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
The soldier allegedly bet on Nicolás Maduro's removal as president of Venezuela before news of the raid was reported, sources told CBS News.
The center – which was promised to voters back in 2004 – would take mentally ill individuals out of the jail and move them into a place where they can receive comprehensive treatment and support.
Luna said she expects Florida Democrat Sheila Cherfilus-McCormick to be the next member who either resigns or gets expelled.
Uthmeier was asked several times during a press conference in Miami this week if he had formally requested the judge overseeing the grand jury to keep the findings secret.
Former state Sen. Lauren Book launched her 11th annual statewide walk, encouraging survivors to share their stories amid renewed attention on the Epstein case.
Miami Archbishop Thomas Wenski is pressing county commissioners to approve a long-delayed mental health center, warning lives are at stake as the building sits empty.
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Michael Tilson Thomas, the 12-time Grammy Award winning composer and famed conductor who led the San Francisco Symphony for a quarter century, has died.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
