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The Federal Reserve increased its benchmark interest rate from 3.75% to 4.00%, marking the first official hike since summer 2023. This decision aims to combat elevated inflation by slowing consumer and business spending. Borrowers face higher costs on mortgages, car loans, and credit cards, with variable-rate cardholders seeing their APR rise within one to two billing cycles. However, savers benefit as interest rates on savings accounts and certificates of deposit will increase, providing better returns on their cash holdings.

Lenny Kravitz now has his own official Ken doll as part of the Barbie Signature Kenbassadors Collection, becoming only the second man to receive this honor after LeBron James. The doll retails for $70 and features replicas of the clothes Kravitz wears on tour, including his signature vintage 60s glasses and a necklace that belonged to his mother, Roxie Roker. Mattel chose Kravitz for his genre-defying music, use of influence for good, and authentic fashion sense that empowers others to embrace individuality.

A$AP Rocky turned his Copenhagen concert into a family affair, bringing Rihanna and their son Riot onstage during his performance. The surprise cameo happened Friday at Royal Arena while Rocky performed "Lord Pretty Flacko Jodye 2" on his European tour. Rihanna held the three-year-old as flames shot into the air, and Riot eventually stood between his famous parents. He even got a turn speaking into the megaphone before sharing a fist bump with his dad, giving him a view most fans could only dream of.

Rapper Blueface bought a new home in Moorpark, California, for $2.25 million following the birth of his first child with girlfriend Nevaeh Akira. The property features more than 5,000 square feet of living space with five bedrooms, five and a half bathrooms, and a four-car garage in a gated community with mountain views.

Hip-hop producer Tay Keith's death didn't make his bills disappear. His estate is now being hit with nearly two hundred thousand dollars in claims from creditors. American Express National Bank filed two separate claims seeking roughly sixty thousand on a Business Platinum account and another twenty-seven thousand on a Platinum account. Bank of America filed a claim in connection with Tay's two thousand twenty-four Mercedes-Benz GLS, saying his estate owes about one hundred fifteen thousand dollars.