The stock sell-off on Wall Street was considered “healthy” by finance professor Jeremy Siegel, as the Federal Reserve’s cautious projection on future rate cuts provided a “reality check” for investors. The Fed recently cut interest rates by a quarter percentage point, indicating that it may only lower rates twice more in 2025, leading to a significant market response with all major indexes sinking. Siegel expects the Fed to reduce the number of rate cuts next year, possibly even forgoing any cuts, as the FOMC raised its inflation forecast going forward.
Full Article
On TikTok, warnings spread about the herbal tonic ‘Feel Free’
Misha Brown's TikTok recounts an encounter with a teenager seeking to buy "Feel Free," an herbal drink containing kratom, which has raised concerns among health officials due to its addictive properties. Users like John, who experienced severe addiction after trying it, highlight the product's dangers, leading to a class-action lawsuit against its maker, Botanic Tonics, which settled for $8.75 million. Want More Context? 🔎
Read more