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New York City will pay $10.5 million dollars to settle a federal civil rights lawsuit filed by a man who spent 24 years in prison on a murder conviction that was overturned after a witness who had placed him at the crime scene recanted, city officials said Thursday. The conviction …

The Federal Reserve is turning to its most potent weapon to combat the highest inflation in 40 years: Boosting interest rates. On Wednesday, the central bank said it is increasing its benchmark short-term interest rate by 0.5%, marking the largest increase since 2000.  The Fed’s goal is to tamp down …

With surging mortgage rates and real estate prices making it harder to buy a home, the adjustable-rate mortgage is making a comeback. Consumer interest in ARMs has been creeping up and is now at its highest level since 2019, according to data from the Mortgage Bankers Association. In the last week, more …