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
Over the years, businesses have increasingly turned to automation and robotics for undertaking many jobs. Since COVID-19 forced people to the confines of their homes, many enterprises introduced robots to perform tasks to help reduce human contact. From cleaning floors to disinfecting, the kind of tasks that robots can do has expanded manifold. Yet when
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’
In this article BIDU An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images GUANGZHOU, China — Baidu plans to launch its driverless taxi service in 100 cities by
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
CNN’s John Berman and CNN legal analyst Elie Honig break down the fines that former Trump associate Steve Bannon could face after he was indicted for contempt in the January 6 investigation. CNN’s Brianna Keilar then speaks with former Congresswoman Barbara Comstock (R-VA) about what Bannon’s indictment could mean for other Trump allies, including former
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,
I’m a huge proponent of electric motorcycles, which offer all the thrill of gas bikes yet without the emissions, maintenance, or generally associated ownership headaches. The only problem is that they’re traditionally much more expensive than gas bikes. Or at least they were, until the Kollter ES1 rolled into North America. As much as I
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
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%
Former bandmates of Sarah Harding have paid tribute to the late Girls Aloud star on what would have been the singer’s 40th birthday. Fight For This Love singer Cheryl posted a video to her Instagram page featuring multiple clips of the noughties girl group and Harding at live concerts, award ceremonies and chat shows. Harding
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.
A man accused of murdering his girlfriend was recorded on a mobile phone as he repeatedly stabbed, strangled, and ran over her during a psychotic episode after eating a cannabis brownie, a court has been told. University student Lauren Bloomer, who was stabbed more than 30 times, “recorded her own murder” after seeking advice on
Boris Johnson has finally admitted the Conservative ex-minister at the centre of Westminster’s sleaze row broke lobbying rules – two weeks after the prime minister encouraged a bid to save Owen Paterson from a House of Commons suspension. Under questioning from a Commons committee of senior MPs, Mr Johnson acknowledged that Mr Paterson had “fallen
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,