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WASHINGTON — The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak. The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook. The central bank said it will keep rates at nearly zero until it feels confident the economy has weathered recent events. The Fed also said it has dropped its requirements that banks hold cash reserves in another move to encourage lending.The Fed's announcement comes after President Donald Trump badgered the the apolitical agency throughout weekend, pushing them to lower rates. Trump lauded the decision at a press conference at the White House on Sunday evening."I'm very happy," Trump said. "...you won't hear anything bad from me (about the fed) unless it's a few months from now." 1018

When it comes to making magic, it wouldn't be complete without a unicorn.And for kindergartner Wyatt Haas of Terry, Montana, his encounter with a unicorn might help give him the extra push he needs as he embarks on one of his biggest battles to date.The 5-year-old was recently diagnosed with brain cancer and was accepted into St. Jude Children's Hospital in Memphis, Tenn.Wyatt and his mom Corissa left Sunday so he could begin treatment.But his send off was something straight out of a fairy tale.Bonanza the unicorn proudly carried Wyatt, complete with crown, around the park as his classmates and teacher looked on.Wyatt's dad, Zach, and his two siblings are staying behind in Montana so Zach can continue working at BNSF.But the family's wish is that everyone can be reunited down in Memphis for Christmas.A 826

Wednesday marks White Castle's National Slider Day, and fans of the infamous White Castle slider can visit participating restaurants for a free hamburger. According to White Castle, customers can go to WhiteCastle.com on May 15 for a coupon good for a few slider and soft drink. For customers who visit White Castle wearing "western attire" on May 15 and every Wednesday while supplies last can earn two free BBQ Original Sliders with any purchase. "At White Castle, we take tremendous pride in the 2x2 inch sliders we've been serving and perfecting for nearly 100 years," said Jamie Richardson, vice president at White Castle. "We invented National Slider Day as a special tribute to the fans who share that appreciation for the slider and share their cravings with us. We hope everyone will have the opportunity to bite into a tasty slider on May 15."If you live in an area that doesn't have White Castle restaurants, it is offering cashback through the end of May when customers buy two boxes of any four or six count sliders using the 1055

Two Chicago police officers have been placed on administrative leave after a shooting on a subway platform that left one person injured.According to 161

U.S. News and World Report has released its annual list of the best cars for the price with multiple Kia, Toyota and Honda vehicles named as this year's winners. The rankings contained 11 categories, with Kia winning four categories, Toyota winning three categories and Honda winning two categories. U.S. News and World Report stated that naming the cars that provide the best value helps consumers balance finding a cheap car and a good car. "A car has significant ongoing costs, like repairs, fuel, and insurance," the report says. "To measure the kind of value a car offers, we start with real-time transaction prices reported by our partner TrueCar. We then combine that information with five-year total ownership costs from Vincentric. Those two measures together provide a car’s value score for the Best Cars for the Money."Here is the list: Honda Fit: Best Subcompact Car for the MoneyKia Soul: Best Subcompact SUV for the MoneyKia Forte: Best Compact Car for the MoneyHonda CR-V: Best Compact SUV for the MoneyToyota Camry: Best Midsize Car for the MoneyHyundai Santa Fe: Best 2-Row SUV for the MoneyKia Sorento: Best 3-Row SUV for the MoneyKia Sedona: Best Minivan for the MoneyChevrolet Impala: Best Large Car for the MoneyToyota Corolla Hybrid: Best Hybrid and Electric Car for the MoneyToyota RAV4 Hybrid: Best Hybrid and Electric SUV for the MoneyKia said it was honored to have four of its models on the list. "Winning one Best Car for the Money awards is a great honor," said Michael Cole, president, Kia Motors America (KMA). "Winning four is fantastic. It's Kia's mission to provide consumers with desirable high-quality vehicles at the best value, and so this recognition from U.S. News & World Report is tremendously gratifying."To see the full report, click 1794

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