Ronnie, the son of Tina Turner, is found dead at his LA home at the age of 62

Tina Turner’s daughter-in-law posted a heartfelt tribute to her husband on Friday, after it was revealed he was found dead outside his Los Angeles home. Ronnie Turner was reportedly found unconscious by neighbors whose attempts to resuscitate him were unsuccessful, TMZ revealed Friday morning. A cause of death has not been disclosed and it remains … Read more

Wholesale prices rose 0.3% in November, more than expected, despite hopes of inflation cooling

Wholesale prices rose more than expected in November as food prices rose sharply, dampening hopes that inflation could turn lower, the Labor Department reported Friday. The producer price index, a measure of what companies get for their pipeline products, rose 0.3% this month and 7.4% from a year ago. Economists polled by Dow Jones were … Read more

World Cup: Raheem Sterling returns to England to train for first time since burglary drama

Raheem Sterling returns to England to train for the first time since flying home to deal with burglary drama, while Gareth Southgate can boast a fully fit side ahead of France’s quarter-final By Ollie Lewis For Mailonline published: 7:07 a.m. EST, December 9, 2022 | Updated: 7:54 AM EST, December 9, 2022 Raheem Sterling has … Read more

Hong Kong shares are down 2%; China reports inflation figures in line with expectations

Chipmaker TSMC says net sales are up 50% in November from a year ago Hong Kong movers: Real estate and technology stocks rise on reopening optimism CNBC Pro: Wall Street Says a Recession Is Coming. An investment professional names her favorite stocks to make things difficult Wall Street professionals are increasingly sounding the alarm about … Read more

Latest news about Russia and the war in Ukraine

Russia needlessly strengthens defenses in Belgorod, UK says The British Defense Ministry said Russia’s decision to expand defensive positions along the international border with Ukraine, and deep into the Belgorod border region, reflected a misguided belief that Ukraine could attempt to invade Russia. View of damaged buildings in Belgorod in Russia after suspected attacks, seen … Read more

Fed Chairman Powell has a communication problem with the market

No matter what Federal Reserve Chairman Jerome Powell tells market participants these days, it seems they are only hearing the good things. Two recent examples: first in July, when Powell hinted that smaller rate hikes could be on the way. The second was last week, when the central bank leader appeared to confirm that the … Read more

Texas girl found dead two days after being kidnapped ‘by FedEx driver who dropped package at her home’

The body of a seven-year-old girl has been found in Texas two days after she was reportedly abducted by a FedEx driver who delivered a package to her home. Athena Strand was found dead Friday night, police confirmed in Wise County, northwest of Dallas. Investigators revealed she likely died “within an hour” of being abducted … Read more

The Fed’s path to a “Goldilocks” economy has only gotten more complicated

On December 2, 2022 in New York City, a “help wanted” sign hangs in a window of a Manhattan store. Spencer Plat | Getty Images As for the jobs reports, November was not exactly what the Federal Reserve was looking for. A higher-than-expected payroll and a high wage reading that was twice what Wall Street … Read more

F1 ASSEN 2023 Chinese Grand Prix, with country gripped by draconian Covid lockdowns

Formula 1 has scrapped the Chinese Grand Prix from its race calendar for the fourth year in a row as the country faces unprecedented citizen protests over draconian Covid laws. In a brief statement, Formula 1 said: “Formula 1 can confirm, after consultation with the promoter and relevant authorities, that the 2023 Chinese Grand Prix … Read more

Payrolls and wages are exceeding expectations and flying in the face of Fed rate hikes

Job growth was much better than expected in November, despite aggressive efforts by the Federal Reserve to slow down the labor market and tackle inflation. Nonfarm payrolls rose by 263,000 this month while the unemployment rate stood at 3.7%, the Labor Department reported Friday. Economists polled by Dow Jones had expected a 200,000 increase in … Read more