Opinion: The Fed’s rate hikes could soon be coming to an end

Editor’s Note: Steven Kamin is a senior fellow at the American Enterprise Institute (AEI), where he studies international macroeconomic and financial issues. He served as director of the international finance division of the Federal Reserve from 2011 to 2020. The opinions expressed in this commentary are his own. View more opinion on CNN. CNN — … Read more

Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin

Hong Kong CNN — Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with businesses eager to join an exciting new market already well-established in countries around the world. That all came to an end on Wednesday, when CBD was criminalized in … Read more

Children’s mental health tops list of parent worries, survey finds

CNN — Forty percent of US parents are “extremely” or “very” worried that their children will struggle with anxiety or depression at some point, a new survey finds. The Pew Research Center report said mental health was the greatest concern among parents, followed by bullying, which worries 35% of parents. These concerns trumped fears of … Read more

Kevin McCarthy and House GOP weigh debt ceiling demands ahead of Biden meeting

CNN — Speaker Kevin McCarthy and his House GOP allies are hashing out their initial demands to raise the national debt limitdiscussing steep cuts to domestic programs and a trim to defense spending – all the while steering clear of two programs to avoid voter blowback: Medicare and Social Security. McCarthy has been hearing suggestions … Read more

Weight loss surgery extends lives, study finds

CNN — Weight loss surgery reduces the risk of premature death, especially from such obesity-related conditions as cancer, diabetes and heart disease, according to a new 40-year study of nearly 22,000 people who had bariatric surgery in Utah. Compared with those of similar weight, people who underwent one of four types of weight loss surgery … Read more

Some auto insurers are refusing to cover some Hyundai and Kia models

CNN — Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to the companies. Several reports say the companies have stopped offering insurance on these vehicles in cities that include … Read more

Mortgage rates tick down ahead of Fed meeting next week

Washington, DC CNN — Mortgage rates fell slightly this week, staying almost flat ahead of the Federal Reserve’s closely watched interest rate-setting meeting next week. The 30-year fixed-rate mortgage averaged 6.13% in the week ending January 26, down from 6.15% the week before, according to data from Freddie Mac released Thursday. A year ago, the … Read more

McDonald’s, In-N-Out, and Chipotle are spending millions to block raises for their workers

new york CNN — California voters will decide next year on a referendum that could overturn a landmark new state law setting worker conditions and minimum wages up to $22 an hour for fast-food employees in the nation’s largest state. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC-owner Yum! Brands each donated $1 million to … Read more

Half Moon Bay: 7 killed in apparent ‘workplace violence’ case as 3 mass shootings in 44 hours stun California

CNN — The 66-year-old man suspected of killing four people at a mushroom farm in California and three others at a nearby site Monday was an employee of the farm, San Mateo County Sheriff Christina Corpus said Tuesday. “All of the evidence we have points to this being the instance of workplace violence,” the sheriff … Read more

Recently identified inflammatory disease VEXAS syndrome may be more common than thought, study suggests

CNN — David Adams spent half a decade fighting an illness he couldn’t name. He was in and out of the hospital several times per year. His inflamed joints made his hands feel like they had been squeezed into gloves – and he could no longer play his beloved classical and jazz guitars. He had … Read more