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.
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Hotel security officer testifies Diddy paid $100K to suppress assault video
During the federal trial of Sean Combs, significant testimony focused on his March 2016 assault on Casandra Ventura at the InterContinental Hotel, where security footage was shown to jurors. Hotel security supervisor Eddy Garcia revealed he was paid $100,000 to sign a nondisclosure agreement to suppress the video, admitting he felt pressured and nervous about the NDA. The courtroom experienced a disruption when a woman shouted in defense of Diddy, leading to her removal, while...
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