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It may be evidence inflation is meaningfully stretching budgets. According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season. “There’s still this narrative that the rebound is there,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Wednesday. “The hope
4:18 PM ET Associated Press LAS VEGAS — A Las Vegas judge ordered former Raiders receiver Henry Ruggs III to appear before her on Monday after learning he missed a required alcohol test while on house arrest following a fatal crash he’s accused of causing by driving drunk at speeds up to 156 mph. Ruggs’
Grammarly CEO Brad Hoover. Grammarly Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said Wednesday that it sports a $13 billion valuation after taking on $200 million in new funding from Baillie Gifford, General Catalyst, funds and accounts managed by BlackRock and other investors. The backing
Frozen vials apparently containing the deadly virus smallpox have been discovered in a freezer at a US facility that conducts vaccine research. Federal health authorities confirmed the vials “were incidentally discovered by a laboratory worker” who was cleaning out the freezer in Pennsylvania. “CDC, its administration partners, and law enforcement are investigating the matter and
3:02 PM ET D’Arcy MaineESPN.com Serena Williams is still haunted by her experience at Indian Wells in 2001 and the mental anguish that she says she endured when returning to the event in 2015 after a lengthy boycott. “Even when I went back 14 years later, it was very traumatizing,” Williams said in an interview
US rapper Young Dolph has been shot dead at a cookie shop in his hometown of Memphis, police have said. The 36-year-old star, real-name Adolph Roberton Thornton Jr, was gunned down outside Makeda’s Cookies near Memphis International Airport on Wednesday in the US state of Tennessee. Memphis Police said they had no information on the
The chairman of M&S has written to Brexit minister Lord Frost to warn that EU plans to end its stand-off with the UK over Northern Ireland threaten to add to, not ease, red tape. Archie Norman said the Brussels offer “could result in worsening friction and cost and a high level of ambiguity and scope
Northern political leaders have warned the government will pass up huge economic benefits and betray promises to voters if, as expected, it cancels major rail projects including the eastern leg of HS2 and a new Manchester-Leeds line. Boris Johnson will unveil a long-delayed integrated rail plan for the Midlands and the north of England today,
A variant of the Delta virus that is more infectious, but is less likely to cause symptoms, now accounts for more than one in 10 COVID cases in England, new research shows. The latest results from the long-running REACT-1 study shows the prevalence of the AY.4.2 variant has been growing at a rate of 2.8%
Does NIU have a new electric vehicle in the works? It certainly sounds like we may have a new NIU on our hands next week, based on a teaser sent out by the Beijing-based e-mobility brand. With the Milan Motorcycle Show (EICMA 2021) coming up next week, NIU looks prepared to expand its extensive lineup.
US President Joe Biden speaks during an event to commemorate Veterans Day at The Tomb of the Unknown Soldier at Arlington National Cemetary in Arlington, Virginia on November 11, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden is asking the Federal Trade Commission to look into behavior from energy companies as prices
In this article RIVN Rivian signage at the Nasdaq on their IPO day, November 10, 2011 in New York. Source: Rivian Shares of electric vehicle maker Rivian ended a week-long rally Wednesday, as investors pulled back from a monster run as speculation in the name eased after it surpassed Ford and GM in market value.
8:22 AM ET Associated Press CHARLOTTE, N.C. — Seven-time NASCAR champion Jimmie Johnson will represent the United States in the upcoming international Race of Champions, an event he won with Jeff Gordon in 2002. Johnson will compete in the event scheduled Feb. 4-6 in Pite Havsbad, Sweden for the “Champion of Champions” title in the
Halle Berry’s directorial debut may include some of the movie tropes we’re familiar with. A fighter who’s been written off returning to the ring, a parent trying to turn things around when an estranged child comes back in to their life and a woman manipulated by the man who supposedly loves her. But Berry’s gritty
“Take it from me, please don’t come… it’s bad here.” This is one of hundreds of messages sent by migrants on the Belarus border seen by Sky News. The texts warn others not to follow in their footsteps. “To those who are saying ‘the border is open’, it’s not open. It’s a lie,” another migrant
5:58 PM ET Oklahoma coach Lincoln Riley downplayed speculation Tuesday about whether he had interest in LSU’s coaching position, saying his feelings about the Oklahoma job haven’t changed. Riley is 54-9 at Oklahoma, which promoted him to replace longtime coach Bob Stoops after the 2016 season. His name has been connected to NFL coaching vacancies,
The Queen has been seen standing and smiling at Windsor Castle after missing the Remembrance Sunday service at the Cenotaph. The Queen held a face-to-face audience with General Sir Nick Carter, the chief of the defence staff, as he prepares to step down from his role as the armed forces chief at the end of
Sir Keir Starmer pressed Boris Johnson on the ongoing sleaze scandal in a heated PMQs, calling the prime minister “a coward, not a leader”. The Labour leader urged the PM to “do the decent thing and just say sorry for trying to give light to corruption” in the wake of the lobbying row which reared
“For me, it’s real,” Lady Gaga tells Sky News. “There are a lot of things that I’ve been through in my life, traumatic experiences, that I drew upon to play Patrizia.” The star is talking about Patrizia Reggiani, the Italian socialite convicted of hiring a hitman to assassinate her ex-husband and fashion powerhouse Maurizio Gucci,