Trumps inheriting a solid economy, making it harder to lower borrowing costs or inflation [Video]
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Small Business Lifestyle

Trumps inheriting a solid economy, making it harder to lower borrowing costs or inflation [Video]

WASHINGTON (AP) — President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep. Economic growth is solid, driven by healthy consumer spending. And budget deficits are huge and could get even larger. And if Trump follows through on his promises to impose widespread tariffs on imports and deport millions of immigrants, economists expect inflation could worsen — making it less likely the Federal Reserve will cut its key interest rate much this year. All of these trends will likely keep borrowing costs higher, including for homes and cars.

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Ayesha Curry and Trisha Tobias introduce “Honeysuckle and Bone” through new imprint [Video]
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Ayesha Curry and Trisha Tobias introduce "Honeysuckle and Bone" through new imprint [Video]

Chef, entrepreneur and bestselling author Ayesha Curry expands her empire into publishing with "Sweet July Books," an imprint dedicated to diverse voices. The first novel, "Honeysuckle and Bone" by Trisha Tobias, follows a young woman discovering dark secrets in Jamaica. They join "CBS Mornings."

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US home sales in 2024 weakest in nearly 30 years [Video]
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US home sales in 2024 weakest in nearly 30 years [Video]

Sales of previously owned US homes slipped to their weakest level in about three decades last year on the back of high housing prices and mortgage rates, according to industry data released Friday. Existing home sales came in at 4.06 million on an annual basis in 2024, the lowest level since 1995, said the National