Judge in Maduro prosecution dies as Fed holds interest rates unchanged while inflation remains elevated: News wrap

Fed keeps rates steady

The Federal Reserve held interest rates unchanged as officials acknowledged that inflation remains elevated. The central bank said the decision would give policymakers time to gather more information about addressing rising prices.

Stocks finish with modest gains

U.S. stocks ended higher after the Fed left rates unchanged. The Dow Jones industrial average gained nearly 100 points, while the Nasdaq rose about a quarter of 1 percent. The S&P 500 also closed in positive territory.

Passengers stranded in Cambodia

Hundreds of cruise ship passengers were left stranded in Cambodia after high fuel prices forced their trip to end early. Cambodian officials said the ship carried more than 200 passengers, most of them Americans, and 156 crew members.

The vessel remains docked at a Cambodian port, with no departure date planned. Its Florida-based operator said it was working on temporary living arrangements for passengers; some had paid hundreds of thousands of dollars for suites.

One passenger said travelers had been told to leave because the ship had run out of money for fuel. Another said some passengers had sold homes and now had nowhere to go.

LIFE plans a reboot

Model and entrepreneur Karlie Kloss is backing a reboot of LIFE. The project is set to include a website, social media and videos. The publication faces a media landscape that differs greatly from the period of its mid-century peak.