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
Anthony Bourdain enjoys Pastilla, or Moroccan pigeon pie, at a garden party outside of Tangier.
Data from almost four decades ago can suggest the presence of a ninth planet in the Solar System. The hypothetical Planet Nine has been in the talks among scientists for some time but no one has yet observed it. Michael Rowan-Robinson, professor of astrophysics at Imperial College London, dived into 38-year-old data and now he
The eastern leg of HS2 has been scrapped and plans for Northern Powerhouse Rail have been downgraded, Grant Shapps has confirmed. The transport secretary told MPs that a new £96bn Integrated Rail Plan for the north and the Midlands will instead deliver “faster” train journeys both earlier and cheaper than the original HS2 plans would
Mars has now emerged as the new frontier, with most space-faring nations focussing on the exploration of the Red Planet. The idea behind exploring Mars is to find signs of life, understand its climate, and figure out natural resources. However, a new research suggests that explorers looking for ancient life on Mars could be misled
In this article AFRM APT-AU The Klarna logo displayed on a phone screen. Jakub Porzycki | NurPhoto | Getty Images LONDON — Buy now, pay later services aren’t just popular among consumers. They’re also proving to be a hit with criminals. Fraudulent activity is on the rise at some of the largest buy now, pay
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
1:36 AM ET Jamal Collier MILWAUKEE — The Bucks are starting to get whole again. Behind a season-high 47 points from Giannis Antetokounmpo, pestering defense from Jrue Holiday and a pair of clutch 3s in the fourth quarter from Khris Middleton — in his first game back after missing the previous eight after testing positive
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
Is this easily-reversible mid-term blues? Or is it something more profound? That’s the question Tories are asking as we enter week three of the sleaze row, as they experience something they are unaccustomed to so far in the Johnson premiership. Boris Johnson went to the 1922 committee tonight to make an uncharacteristic apology for “driving
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
Tesla announced a new milestone for its Powerwall: The company has now installed 250,000 units of the residential home battery pack. Over the last year, Tesla appeared to be accelerating Powerwall deployment. Tesla introduced Powerwall 2 in 2016, and it took the home energy storage business by storm with a leading cost per kWh of energy capacity.
Kemmerer, Wyoming, is a frontier coal town. It was organized in 1897 by coal miners and still employs people in the coal and natural gas industries today. Photo courtesy TerraPower TerraPower, a start-up co-founded by Bill Gates to revolutionize designs for nuclear reactors, has picked Kemmerer, Wyoming, as the preferred location for its first demonstration
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 NVDA Nvidia stock rose over 3% after the reported earnings on Wednesday for its third fiscal quarter that beat expectations for both earnings and sales. The company also issued a bullish forecast for revenue in the current quarter ending in January. Here’s how it did versus Refinitiv consensus expectations for the quarter
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,
On a sunburnt playing field at an Addis Ababa school, where hundreds of unlikely soldiers tried to march in time, I watched a sergeant from the police force trying to keep his cool. “To the left, turn to the left,” he said to one ad-hoc battalion of city residents, who were wearing bright orange bibs.
A Rust crew member has accused actor Alec Baldwin of “playing Russian roulette” by failing to check the gun on set before firing it. Mamie Mitchell, the script supervisor who called 911 after Baldwin fatally shot cinematographer Halyna Hutchins, is suing the star and the film’s producers, alleging they failed to follow safety protocols on