Inflation Remains Stubbornly High as Fed’s Preferred Gauge Rises 2.5 Percent
Prices rose again in February, casting further doubt on previous predictions that inflation would continue to fall in 2024. of personal consumption expenditure The PCE price index rose 2.5% in the 12 months through February, outpacing the 12-month inflation rate of 2.4% recorded in the previous month, the Commerce Department said Friday. This is the […]
Sean ‘Diddy’ Combs owes nearly $100M in mortgages on luxury LA, Miami mansions raided by feds: report
Sean “Diddy” Combs reportedly owes nearly $100 million in mortgage payments on three mansions in Los Angeles and Miami that were raided by federal agents this week. The embattled rapper took out eight bank loans to purchase the sprawling property, totaling a whopping $140 million. Daily Mail reported. The Department of Homeland Security announced Monday […]
Baltimore Key Bridge: House Republicans divided after Biden vows feds will foot the bill
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Fed’s Jerome Powell keeps rate-cut outlook despite stalling inflation data
Federal Reserve Chairman Jerome Powell commented on Friday that the latest U.S. inflation data is “in line with what we expect,” maintaining the central bank’s benchmark for rate cuts this year. He made a comment like this. Chairman Powell said the personal consumption expenditure price index data released Friday was “what we expected,” and even […]
Diddy Lawsuit Alleges Underage Sex, Drugs, Beatings, Rapes — Feds Sex Trafficking Probe Targets Flight Manifests
Details of the lawsuit against music mogul Sean “Diddy” Combs allege a debauched lifestyle that included underage sex, drugs, beatings and rape. On Monday, Homeland Security officials raided the tycoon’s residence in connection with a sex trafficking investigation. The attack occurred at the music mogul’s mansion in the Holmby Hills area. “Across the coast, investigators […]
Fed’s preferred inflation gauge rose 2.8% in February
The core Personal Consumption Expenditure Price Index, the Federal Reserve’s preferred measure of inflation, rose 0.3% in February, up 2.8% from the same month a year ago, according to the latest federal data. The figure was in line with analysts’ expectations and raised the possibility that the central bank would keep interest rates at current […]
TikTok facing potential lawsuit from feds over children’s privacy probe: sources
The Federal Trade Commission will file a lawsuit or reach a settlement in the coming weeks to pursue an investigation into TikTok, a Chinese-owned short video app that has been found to have flaws in privacy and data security practices, sources told Reuters. He said it could be resolved. Politico previously reported on possible FTC […]
Delta Airlines stowaway caught on Texas-bound plane after snapping photo of passenger’s boarding pass: feds
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Sean ‘Diddy’ Combs’ alleged ‘drug mule’ arrested as feds intercept rap mogul’s private jet in Miami
Rapper Diddy’s suspected “drug mule” was arrested at the Miami airport after federal agents raided his homes in Florida and California. Brendon Paul, 25, was arrested Monday at Opa Locka Airport after federal authorities intercepted Diddy’s plane. He was arrested on suspicion of cocaine and marijuana candy. According to TMZ. Both charges are considered felonies […]
Diddy Seen at Miami Airport as Stars React to Feds Raiding His Homes
Rapper and music mogul Diddy was seen wandering around the Miami airport on Monday as Homeland Security agents searched his Los Angeles and Miami homes. Homeland Security officials searched his residence in connection with a sex trafficking investigation. The attack occurred at the music mogul’s mansion in the Holmby Hills area. “Across the coast, investigators […]