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As President-elect Donald Trump prepares to take office, Moody's Analytics chief economist Mark Zandi says the economy is doing remarkably well. Speaking on Wednesday at the Consumer Federation of America's financial services conference, Zandi highlighted a few areas that were particularly bright: The stock market is up, productivity and business formation rates are high, and the GDP has been increasing at a rate of about 3%. According to Zandi, the economy is resilient. "I do believe there are some potential storms coming next year under the new administration," he continued. Immigration policy, tariffs could affect economy Zandi anticipates that Trump would move swiftly to impose tariffs and deport immigrants, two actions that might have a significant effect on the American economy. A...

Most likely, your beloved headwear are filthy. Every time you wear them, the majority will come into intimate contact with perspiration, oils, dandruff, and leftover hair care products. For this reason, understanding how to wash them without damaging them can revolutionize your laundry and personal hygiene regimen. Whether you choose a traditional baseball cap, visor, or bucket hat, or a knit beanie for the winter, knowing how to take good care of your accessories will help them endure for many years. I asked professionals in laundry and cleaning for advice and product recommendations in order to determine the most effective ways to wash headwear. Additionally, I featured highly regarded products on Amazon that are designed especially for washing hats rather than other clothing. GO Ahead a...

Washington As the White House minimized any possible concerns to public safety or national security, prominent members of the House and Senate are calling for top federal law enforcement authorities to promptly update them on the strange drone sightings in New Jersey and New York. House Speaker Mike Johnson, a Republican from Louisiana, stated on Thursday that he anticipates receiving a classified briefing regarding the drones shortly and that he is eager to learn more about the situation. Homeland Security, the FBI, and state and local law enforcement have not been able to confirm any of the alleged visual sightings" of the drones, according to White House spokesman on national security issues John Kirby told reporters Thursday afternoon. Law enforcement officers have determined that th...

In court Thursday, country music artist Morgan Wallen entered a guilty plea to earlier this year's incident in which he threw a chair from a six-story rooftop bar in Nashville. The 31-year-old performer entered a guilty plea to two reckless endangerment misdemeanor counts. Wallen received a sentence of two years of probation and seven days of detention at a DUI education facility. Following the altercation at fellow country music artist Eric Church's club, Chief's, in Nashville's well-known Broadway neighborhood, he was taken into custody in April. Officers spoke with witnesses and looked over security footage after Wallen threw a chair that landed roughly three feet (1 meter) away, according to an arrest document. Officers were informed by witnesses that Wallen picked up a chair, threw it...

In a recent lawsuit, the Federal Trade Commission charges the biggest wine and spirits distributor in the United States with engaging in unlawful price discrimination, offering big-box retailers like Costco and Kroger significantly lower prices than those given to independent liquor stores, convenience stores, and local grocery stores. In announcing the lawsuit on Thursday, the FTC stated that Southern Glazer's Wine and Spirits, the distributor, is the tenth largest privately held corporation in the United States and will generate approximately $26 billion in revenue from sales to retail customers in 2023. According to the complaint, Southern denied smaller companies access to rebates and discounts, making it more difficult for them to compete with big national and local chain retailers. A...

The parent company of Facebook, WhatsApp, and Instagram, Meta, announced on Thursday that it had contributed $1 million to President-elect Donald Trump's inauguration fund. The donation was confirmed by a corporate official, as published by The Wall Street Journal late on Wednesday evening. The donation is the most recent development in the erratic relationship between Trump and Mark Zuckerberg's business, his CEO. During this year's presidential campaign, Trump explicitly threatened Zuckerberg with life in prison if he did anything he believed to be unlawful. Last month, the two men enjoyed dinner at Trump's Mar-a-Lago club in Florida. Zuckerberg praised Trump's response to an assassination attempt in July, calling his raised fist following the shooting one of the most badass things I've ...

Xavier Legette, a rookie phenom for the Carolina Panthers, has gone viral after sharing his favorite food item: raccoon. He even ate one for Thanksgiving. Legette revealed that he feeds raccoon to fellow NFL wide outs Amon-Ra and Equanimeous St. Brown on the "St. Brown Podcast" that was made public on Tuesday. The two were momentarily stunned and then asked Legette to elaborate. For the podcast hosts, Legette explained it in his thick South Carolina accent. "Like a raccoon you see in the trash can," replied the man. "I pursue it. I destroy it. I skin them. Cook them. Consume them. Everything." The rookie even acknowledged on the program that Thanksgiving was the last time he had one. Legette responded that raccoons have their own tastes when asked what they taste like. "Everybody tries to ...

As concerns about whether the pace of progress in reducing inflation has slowed, a measure of wholesale prices increased more than anticipated in November, the Bureau of Labor Statistics said Thursday. In comparison to the Dow Jones consensus projection of 0.2%, the producer price index, or PPI, which gauges what producers receive for their goods at the final demand stage, grew by 0.4% for the month. PPI increased 3% annually, the largest increase since February 2023. But when food and energy were taken out of the equation, the core PPI rose by 0.2%, as predicted. Additionally, the PPI increase was only 0.1% once trade services were subtracted. Additionally, the 3.5% year-over-year gain was the most since February 2023. In other economic news on Thursday, the Labor Department announced tha...

In separate lawsuits filed Thursday, three men accused Sean Diddy Combs of sexual assault and rape. They claim the rap mogul assaulted them while they were unconscious after giving them tampered beverages. Attorney Thomas Giuffra filed the anonymous cases in the New York State Supreme Court, citing events that occurred between 2019 and 2022. They all claim that Combs sexually abused and raped them. One of the men, who had worked for Combs for a long time, told NBC News that he was sexually assaulted at a hotel in New York when he saw Combs to talk about a sizable sum of money he owed from his illegal work. Watch NBC Nightly News with Lester Holt tonight at 6:30 p.m. ET/5:30 p.m. CT for more on this topic. The man claimed that although he ran errands for Combs from 2006 to 2018, he didn't a...

The two powerful Trump allies who have been granted broad authority to suggest up to $2 trillion in federal spending cuts do not share the political concern of some of President-elect Donald Trump's most vulnerable Cabinet picks, who are rushing to erase or soften previous remarks before acrimonious Senate confirmation battles. The disparity highlights a crucial division that characterizes Trump's universe as it gets ready to seize control of the federal government. In the weeks since winning the election, the new president has been getting ready to fill important administrative positions with well-known conservative media personalities who have skillfully leveraged that environment to support his right-wing policy recommendations. However, some of those Cabinet picks are now being forced ...