FCCPC said it is still looking into allegations of exorbitant ticket prices made by Air Peace and other businesses The investigation began on December 3 under the direction of Ondaje Ijagwu, the commission's Director of Corporate Affairs The development occurs after media reports earlier referenced the commission's declaration that Air Peace was not being investigated by FG Don't miss out! Join Legit.ng's Sports News channel on WhatsApp now! Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market . The Federal Competition and Consumer Protection Commission (FCCPC) has stated that it is continuing to investigate claims of unfair ticket prices by Air Peace and other companies. According to a statemnet by Ondaje Ijagwu, the commission's Director of Corporate Affairs in Abuja, the investigation started on December 3. Ijagwu said this in response to media reports citing the commission's statement that the federal government was not investigating Air Peace, The Guardian reported . Read also N-Power: Fire destroys NSIPA's warehouse as reps order Tinubu to unfreeze accounts PAY ATTENTION : Standing out in social media world? Easy! "Mastering Storytelling for Social Media" workshop by Legit.ng. Join Us Live! He clarified that one of the organizations being contacted to address claims of unfair ticket pricing, such as large price increases for reservations made in advance on particular domestic routes, is Air Peace. Ijagwu claimed that these investigations, which are being carried out in accordance with the FCCPAct (FCCPA) 2018, are aimed at addressing poor service performance, unfair business practices, and possible violations of consumer rights. According to Ijagwu, the investigation's goals were to safeguard consumer interests, increase openness, and guarantee adherence to legal requirements. “The referenced story, which seems syndicated and sponsored, did not emanate from the FCCPC. We advise the public to disregard it in its entirety. “The FCCPC stands firmly by its official release dated Dec. 1, which announced inquiries into widespread consumer complaints in the banking, telecommunications, and aviation sectors. “The FCCPC reaffirms that the inquiry into Air Peace commenced as scheduled on Dec. 3, and remains ongoing,” he said. Read also NNPC invites stakeholders to tour Port Harcourt refinery, speaks on operation According to him, the committee is now going over the information and responses that Air Peace and other organizations that are being investigated have submitted. The director promised to make the right decisions and take the required steps to resolve any infractions found. ”We urge the public to rely solely on verified communications from the FCCPC,” he said. Air Peace reportedly increases Lagos-Abuja one-way ticket Legit.ng reported that a one-way ticket on Air Peace from Lagos to Abuja would cost N200,000 s tarting on November 1, 2024. According to experts, the airline business is being severely impacted by the difficult economic climate, leading to fare increases by carriers in the face of passenger protests. Some Nigerians have been compelled by the development to select alternate modes of transportation, favoring vehicle travel. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ngThe Chicago Bears (4-6) got some good injury news this week entering what looks like a must-win home game Sunday against NFC North rival Minnesota (8-2). Their offensive line was stretched so thin last week that tackle Jake Curhan, who had bounced around on the practice squad this season, was called upon to play 65 offensive snaps at left guard against the Green Bay Packers . Curhan held up surprisingly well, however, and the Bears will get starter Tevin Jenkins (ankle) back in the lineup this week against the Vikings after he was removed from Friday’s injury report. The Bears will need all the help they can get to protect rookie QB Caleb Williams against Minnesota, which enters Week 12 among the NFL leaders in sacks (35) and total takeaways (21). The Vikings head to Soldier Field relatively healthy, despite what has been a tough stretch of three consecutive road games. Who’s in and who’s out for this key Week 12 divisional matchup? Here’s a full team-by-team injury breakdown, with the latest updates off of Friday’s practice reports: Vikings vs. Bears Week 12: Full injury designations Chicago Bears OT Ryan Bates (concussion) Bates was knocked out of Chicago’s loss to the Green Bay last week, and was unable to clear the NFL’s five-step concussion protocol. Curhan was pressed into action, but Chicago has the luxury of going back to Jenkins, their former second-round pick. S Elijah Hicks (ankle) Hicks was unable to log a single practice after an ankle injury limited him to 39 snaps against the Packers last week. He had been the Bears’ starting free safety since Week 6. Chicago will turn to sixth-year pro Jonathan Owens for an expanded role against Minnesota. OT Kiran Amegadjie (calf) The rookie third-round pick out of Yale will miss his fourth straight game after injuring his calf in Week 8 against the Washington Commanders . The rookie has played 54 total offensive snaps this season in a reserve role. RB D’Andre Swift (groin) Swift was able to log a full practice on Friday, which likely puts him on the right side of questionable to face the Vikings. The Bears used closer to a 50/50 split at running back last week against the Packers, with Roschon Johnson matching his season high with 10 carries on 30 offensive snaps. Minnesota Vikings TE Josh Oliver (wrist/ankle) Oliver will be inactive for the first time this season after being held back in practice this week. T.J. Hockenson is back leading the Vikings tight end depth chart. Oliver’s absence could mean a slight uptick in playing time for veteran Johnny Mundt, who has 15 receptions on 22 targets through 10 games this season. OLB Gabriel Murphy (knee) Murphy drew the questionable tag after being ruled out early last week. The exciting undrafted rookie out of UCLA has now practiced in full on five straight days. He had his 21-day practice window opened on Nov. 6, so his NFL debut could be coming Sunday. The Vikings would have to make a roster move, though, to activate him off injured reserve. TE Nick Muse (hand) Muse hasn’t played since Week 2, but he had his 21-day practice window opened this week. He was able to log three full practices. The Vikings have taken a cautious approach with guys coming off extended injuries this season, but Muse’s services could be needed this week with Oliver already ruled out. MORE: NFL picks, score predictions Week 12: Minnesota Vikings vs. Chicago Bears
President-elect Donald Trump will be inaugurated on Monday, Jan. 20 — an event that’s been in the works since before voters even filled out their ballots. Trump’s swearing-in is slated to take place on the West Front of the U.S. Capitol. The inauguration is put on by the Joint Congressional Committee on Inaugural Ceremonies , a bipartisan group tasked with planning and executing the inauguration. But the Presidential Inaugural Committee , formed after the November election, is responsible for the parade, galas and other events inauguration events not held at the Capitol. While the inauguration is open to the public, tickets are required to attend. And for that, those interested in attending the swearing-in of Trump and his vice president, Ohio Sen. JD Vance, will need to turn to their U.S. senator or congressional representative. Many elected officials, including California Sen. Alex Padilla, already have forms on their official websites for those who wish to attend. Those interested must include their name, address, email, phone number and the amount of tickets requested. Padilla’s office said it “will offer a limited number of tickets when those become available.” Californians can also request tickets from their congressional representative, many who have similar forms on their respective government websites as well as other information about the tickets. Rep. Young Kim, for instance, noted on her website that tickets just provide access to the swearing-in ceremonies. Tickets to balls and the parade are handled by the Presidential Inaugural Committee, her website said. No tickets are needed to view the inaugural parade from open locations along the route. Tickets to the swearing-in are limited, it said, and those who do not receive tickets could still watch the proceedings played on monitors along the National Mall. “January is historically cold and wet. Crowds will be very large, and you will be in the cold for several hours during the inauguration ceremony,” Kim’s website advised. “Be prepared to arrive for the ceremony early to take into consideration delays due to the large crowds.” Kim represents California’s 40th congressional district, which includes western San Bernardino and Riverside counties and eastern Orange County. Local or state Republican parties do not distribute tickets to the inauguration.
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Global stocks end mostly up with DAX crossing 20,000 for 1st timeHow Major US Stock Indexes Fared Dec. 26
One of the country’s largest health insurers reversed a change in policy Thursday after widespread outcry, saying it would not tie payments in some states to the length of time a patient went under anesthesia. Anthem Blue Cross Blue Shield said in a statement that its decision to backpedal resulted from “significant widespread misinformation” about the policy. “To be clear, it never was and never will be the policy of Anthem Blue Cross Blue Shield to not pay for medically necessary anesthesia services,” the statement said. “The proposed update to the policy was only designed to clarify the appropriateness of anesthesia consistent with well-established clinical guidelines.” Anthem Blue Cross Blue Shield would have used “physician work time values,” which is published by the Centers for Medicare and Medicaid Services, as the metric for anesthesia limits; maternity patients and patients under the age of 22 were exempt. But Dr. Jonathan Gal, economics committee chair of the American Society for Anesthesiologists, said it’s unclear how CMS derives those values. In mid-November, called on Anthem to “reverse the proposal immediately,” saying in a news release that the policy would have taken effect in February in New York, Connecticut and Missouri. It’s not clear how many states in total would have been affected, as notices also were and . People across the country registered their concerns and complaints on social media, and encouraged people in affected states to call their legislators. Some people noted that the policy could prevent patients from getting overcharged. Gal said the policy change would have been unprecedented, ignored the “nuanced, unpredictable human element” of surgery and was a clear “money grab.” “It’s incomprehensible how a health insurance company could so blatantly continue to prioritize their profits over safe patient care,” he said. “If Anthem is, in fact, rescinding the policy, we’re delighted that they came to their senses.” Prior to Anthem’s announcement Thursday, Connecticut comptroller Sean Scanlon said the “concerning” policy wouldn’t affect the state after conversations with the insurance company. And New York Gov. Kathy Hochul said in an emailed statement Thursday that her office had also successfully intervened. The insurance giant’s policy change came one day after , another major insurance company, was shot and killed in New York City.
Maybe 15 minutes before the Wild hosted and defeated the Nashville Predators on Saturday, general manager Bill Guerin took a few minutes to talk to the media about his first noteworthy acquisition of the season—the trade with Columbus, which will bring David Jiricek to the State of Hockey in the first few days of December. ADVERTISEMENT Maybe it’s just the pessimistic nature of a fanbase that hasn’t seen a men’s professional team play for a championship in more than three decades, but the grumbling had begun even before the collected media had reached the press box for Saturday’s game. “Seems like a lot to pay for a minor-leaguer,” was one of the comments overheard at the rink on Saturday. Indeed, to get Jiricek – the sixth overall pick in the 2022 NHL Draft – and a lower-round pick, Guerin surrendered defenseman Daemon Hunt and four draft picks, including Minnesota’s 2025 first-rounder and a second round pick in 2027. He wasted no time in getting an up-close look at the new guy, calling Jiricek up to the NHL level on Sunday, and sending former Gophers forward Travis Boyd back down to Iowa. Guerin and Blue Jackets general manager Don Waddell are old friends from their time working together with the Pittsburgh Penguins. But there was no discount offered from Waddell to his old pal in Minnesota. “It took awhile. Donny,” Guerin said with an exasperated grin. “He played with me. He’s one of my old mentors. He made me work for it. He’s the best.” ADVERTISEMENT Still, Guerin would not have pulled the trigger had he not believed in two things: 1) The Wild can turn all of Jiricek’s size (6-foot-4) and potential into another piece of their bright future on the blue line. 2) The price they paid was not as steep as it might look on the surface. To that second point, consider that Hunt was not really part of the Wild’s NHL-level defensive picture, even at a time like this when Jonas Brodin’s long-term viability is a serious question mark. And after getting two points with an overtime win over the Predators on Saturday, the Wild were tied for the most points in the NHL, meaning that at this pace, that 2025 first-round draft pick is going to come in the 25th spot or later. If the Wild go into a tailspin this season, the pick sent to Columbus is lottery protected, meaning the Blue Jackets will not get to pick in the top 10 at the Wild’s expense. ADVERTISEMENT To the first point, Jiricek is a player Guerin and his assistants have had their eye on for some time, even before he was named the top defenseman in the tournament while playing for Czechia in the 2023 World Juniors. “He’s not 30, he’s not a rental. He’s a 21-year-old defenseman that we can invest in. And we did. That’s how I look at it. It’s an investment,” Guerin said. In 2022, the Wild grabbed Liam Ohgren with the 19th overall pick, more than a dozen selections after Jiricek was picked by Columbus and was posing for pictures in a new red-white-and-blue sweater. ADVERTISEMENT “He was somebody that we really liked (during) his draft year. We knew we weren’t going to get him, but we liked him,” Guerin said. “And, you know, when this became available, I did my due diligence and asked our staff what they thought. They were all on board with it. So it’s good.” Perhaps in hopes of getting the fans on board, Guerin also stressed patience. Jiricek has not yet been a star in the NHL, despite his high draft stock. But the Wild are confident that their system of developing players — especially defensemen — is the change the new guy needs. “He’s a young player. He’s got a lot to learn. He’s going to continue to improve, just like all young players,” Guerin said, name-dropping two youthful every-night members of the Wild roster who still have ample room to grow. “Brock Faber’s got to get better. Matt Boldy’s still going to get better. All these guys are going to continue to improve because they’re so young. So just because they’re in the NHL doesn’t mean they’re not going to develop their game and get better. That’s our job as the coaches, management. That’s our job to help him get better.” If he has to spend some future draft capital to put those pieces in place, that is clearly a chance Guerin is willing to take. ADVERTISEMENT ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .Is Enron back? If it’s a joke, some former employees aren’t laughing
Trump's new pick for attorney general visited New Hampshire during campaign
By JILL COLVIN and STEPHEN GROVES WASHINGTON (AP) — After several weeks working mostly behind closed doors, Vice President-elect JD Vance returned to Capitol Hill this week in a new, more visible role: Helping Donald Trump try to get his most contentious Cabinet picks to confirmation in the Senate, where Vance has served for the last two years. Vance arrived at the Capitol on Wednesday with former Rep. Matt Gaetz and spent the morning sitting in on meetings between Trump’s choice for attorney general and key Republicans, including members of the Senate Judiciary Committee. The effort was for naught: Gaetz announced a day later that he was withdrawing his name amid scrutiny over sex trafficking allegations and the reality that he was unlikely to be confirmed. Thursday morning Vance was back, this time accompanying Pete Hegseth, the “Fox & Friends Weekend” host whom Trump has tapped to be the next secretary of defense. Hegseth also has faced allegations of sexual assault that he denies. Vance is expected to accompany other nominees for meetings in coming weeks as he tries to leverage the two years he has spent in the Senate to help push through Trump’s picks. Vice President-elect JD Vance, still a Republican senator from Ohio, walks from a private meeting with President-elect Donald Trump’s nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/J. Scott Applewhite) President-elect Donald Trump’s nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., center, and Vice President-elect JD Vance, left, walk out of a meeting with Republican Senate Judiciary Committee members, at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/Ben Curtis) FILE – Sen. JD Vance, R-Ohio, departs the chamber at the Capitol in Washington, March 15, 2023. (AP Photo/J. Scott Applewhite, File) FILE – Sen. JD Vance, R-Ohio, center speaks during a Senate Banking Committee hearing on Capitol Hill in Washington, March 7, 2023. (AP Photo/Andrew Harnik, File) FILE – Sen. JD Vance, R-Ohio, right, speaks with Sen. Sherrod Brown, D-Ohio, before testifying at a hearing, March 9, 2023, in Washington. (AP Photo/Kevin Wolf, File) FILE – Sen. JD Vance, R-Ohio, arrives for a classified briefing on China, at the Capitol in Washington, Feb. 15, 2023. (AP Photo/J. Scott Applewhite, File) FILE – Sen. JD Vance, R-Ohio, arrives for a vote on Capitol Hill, Sept. 12, 2023 in Washington. (AP Photo/Mark Schiefelbein, File) FILE – Sen. JD Vance R-Ohio speaks during a news conference on Capitol Hill in Washington, Feb. 6, 2024. (AP Photo/Jose Luis Magana, File) Vice President-elect JD Vance, still a Republican senator from Ohio, walks from a private meeting with President-elect Donald Trump’s nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/J. Scott Applewhite) The role of introducing nominees around Capitol Hill is an unusual one for a vice president-elect. Usually the job goes to a former senator who has close relationships on the Hill, or a more junior aide. But this time the role fits Vance, said Marc Short, who served as Trump’s first director of legislative affairs as well as chief of staff to Trump’s first vice president, Mike Pence, who spent more than a decade in Congress and led the former president’s transition ahead of his first term. ”JD probably has a lot of current allies in the Senate and so it makes sense to have him utilized in that capacity,” Short said. Unlike the first Trump transition, which played out before cameras at Trump Tower in New York and at the president-elect’s golf club in Bedminster, New Jersey, this one has largely happened behind closed doors in Palm Beach, Florida. There, a small group of officials and aides meet daily at Trump’s Mar-a-Lago resort to run through possible contenders and interview job candidates. The group includes Elon Musk, the billionaire who has spent so much time at the club that Trump has joked he can’t get rid of him. Vance has been a constant presence, even as he’s kept a lower profile. The Ohio senator has spent much of the last two weeks in Palm Beach, according to people familiar with his plans, playing an active role in the transition, on which he serves as honorary chair. Vance has been staying at a cottage on the property of the gilded club, where rooms are adorned with cherubs, oriental rugs and intricate golden inlays. It’s a world away from the famously hardscrabble upbringing that Vance documented in the memoir that made him famous, “Hillbilly Elegy.” His young children have also joined him at Mar-a-Lago, at times. Vance was photographed in shorts and a polo shirt playing with his kids on the seawall of the property with a large palm frond, a U.S. Secret Service robotic security dog in the distance. Related Articles On the rare days when he is not in Palm Beach, Vance has been joining the sessions remotely via Zoom. Though he has taken a break from TV interviews after months of constant appearances, Vance has been active in the meetings, which began immediately after the election and include interviews and as well as presentations on candidates’ pluses and minuses. Among those interviewed: Contenders to replace FBI Director Christopher Wray , as Vance wrote in a since-deleted social media post. Defending himself from criticism that he’d missed a Senate vote in which one of President Joe Biden’s judicial nominees was confirmed, Vance wrote that he was meeting at the time “with President Trump to interview multiple positions for our government, including for FBI Director.” “I tend to think it’s more important to get an FBI director who will dismantle the deep state than it is for Republicans to lose a vote 49-46 rather than 49-45,” Vance added on X. “But that’s just me.” While Vance did not come in to the transition with a list of people he wanted to see in specific roles, he and his friend, Trump’s eldest son, Donald Trump Jr., who is also a member of the transition team, were eager to see former Democratic Rep. Tulsi Gabbard and Robert F. Kennedy Jr. find roles in the administration. Trump ended up selecting Gabbard as the next director of national intelligence , a powerful position that sits atop the nation’s spy agencies and acts as the president’s top intelligence adviser. And he chose Kennedy to lead the Department of Health and Human Services , a massive agency that oversees everything from drug and food safety to Medicare and Medicaid. Vance was also a big booster of Tom Homan, the former acting director of Immigration and Customs Enforcement, who will serve as Trump’s “border czar.” In another sign of Vance’s influence, James Braid, a top aide to the senator, is expected to serve as Trump’s legislative affairs director. Allies say it’s too early to discuss what portfolio Vance might take on in the White House. While he gravitates to issues like trade, immigration and tech policy, Vance sees his role as doing whatever Trump needs. Vance was spotted days after the election giving his son’s Boy Scout troop a tour of the Capitol and was there the day of leadership elections. He returned in earnest this week, first with Gaetz — arguably Trump’s most divisive pick — and then Hegseth, who has was been accused of sexually assaulting a woman in 2017, according to an investigative report made public this week. Hegseth told police at the time that the encounter had been consensual and denied any wrongdoing. Vance hosted Hegseth in his Senate office as GOP senators, including those who sit on the Senate Armed Services Committee, filtered in to meet with the nominee for defense secretary. While a president’s nominees usually visit individual senators’ offices, meeting them on their own turf, the freshman senator — who is accompanied everywhere by a large Secret Service detail that makes moving around more unwieldy — instead brought Gaetz to a room in the Capitol on Wednesday and Hegseth to his office on Thursday. Senators came to them. Vance made it to votes Wednesday and Thursday, but missed others on Thursday afternoon. Vance is expected to continue to leverage his relationships in the Senate after Trump takes office. But many Republicans there have longer relationships with Trump himself. Sen. Kevin Cramer, a North Dakota Republican, said that Trump was often the first person to call him back when he was trying to reach high-level White House officials during Trump’s first term. “He has the most active Rolodex of just about anybody I’ve ever known,” Cramer said, adding that Vance would make a good addition. “They’ll divide names up by who has the most persuasion here,” Cramer said, but added, “Whoever his liaison is will not work as hard at it as he will.” Cramer was complimentary of the Ohio senator, saying he was “pleasant” and ” interesting” to be around. ′′He doesn’t have the long relationships,” he said. “But we all like people that have done what we’ve done. I mean, that’s sort of a natural kinship, just probably not as personally tied.” Under the Constitution, Vance will also have a role presiding over the Senate and breaking tie votes. But he’s not likely to be needed for that as often as was Kamala Harris, who broke a record number of ties for Democrats as vice president, since Republicans will have a bigger cushion in the chamber next year. Colvin reported from New York. Associated Press writer Mary Clare Jalonick contributed to this report.Stock market today: Wall Street gains ground as it notches a winning week and another Dow record Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Damian J. Troise And Alex Veiga, The Associated Press Nov 22, 2024 1:09 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - The New York Stock Exchange is shown on Wednesday, Nov. 20, 2024, in New York. (AP Photo/Peter Morgan, File) Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December. Damian J. Troise And Alex Veiga, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix Sean 'Diddy' Combs' third bid to be released on bail won't be decided until next week Nov 22, 2024 1:51 PM Alice Brock, who helped inspire Arlo Guthrie's classic 'Alice's Restaurant,' dies at 83 Nov 22, 2024 1:48 PM S&P/TSX composite up Friday, U.S. stock markets also rise Nov 22, 2024 1:42 PM Featured Flyer
Is Enron back? If it’s a joke, some former employees aren’t laughing
WASHINGTON (AP) — President-elect Donald Trump's transition team on Tuesday signed an agreement to allow the Justice Department to conduct background checks on his nominees and appointees after a weeks-long delay. The step lets Trump transition aides and future administration staffers obtain security clearances before Inauguration Day to access classified information about ongoing government programs, an essential step for a smooth transiton of power. It also allows those nominees who are up for Senate confirmation to face the background checks lawmakers want before voting on them. Teams of investigators have been standing by to process clearances for Trump aides and advisers. “This agreement with the Department of Justice will ensure President Trump and his team are ready on Day 1 to begin enacting the America First Agenda that an overwhelming majority of our nation supported on Election Day," said Susie Wiles, Trump's designate to be White House chief of staff. The announcement comes a week after the Trump transition team signed an agreement with the Biden White House to allow transition staff to coordinate with the existing federal workforce before taking office on Jan. 20. The White House agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House had issued both public and private appeals for Trump’s team to sign on. Security clearances are required to access classified information, including on ongoing operations and threats to the nation, and the Biden White House and outside experts have emphasized to Trump's team the importance of having cleared personnel before Inauguration Day so they could be fully briefed and ready to run the government. Republican Senators have also insisted on FBI background checks for Trump's nominees before they face confirmation votes, as has been standard practice for decades. Lawmakers have been particularly interested in seeing the findings of reviews into Trump's designated nominee for defense secretary, former Fox News host Pete Hegseth, and for Rep. Tulsi Gabbard to be director of national intelligence. “That’s why it’s so important that we have an FBI background check, a committee review of extensive questions and questionnaires, and a public hearing,” said. Sen. Susan Collins, R-Maine on Monday. John Thune, the incoming Senate Republican leader, said the Trump team “understands there’s going to have to be a thorough vetting of all these nominees.” — AP congressional correspondent Lisa Mascaro contributed.
The Dodgers announced Thursday that first baseman Freddie Freeman underwent surgery on his right ankle “consisting of debridement and the removal of loose bodies.” They added that Freeman is “expected to be able to participate in baseball activities during spring training” though it’s unclear how impacted his offseason will be. Freeman’s ankle injury was a key storyline over the past few months. He suffered a sprain in late September in one of the final regular season games of the 2024 campaign, which made Freeman’s status a frequent talking point throughout the postseason. He continued to hang onto a roster spot with the club as they advanced from round to round, but was clearly not playing 100%. With Shohei Ohtani in the designated hitter slot, Freeman even had to play the field on many occasions while obviously playing through pain. During the postseason, he revealed that he was dealing with a bone bruise in addition to the sprain and would have missed four to six weeks if the issue had cropped up during the regular season. As if that wasn’t enough, Jeff Passan of ESPN later reported that Freeman suffered broken costal cartilage in his sixth rib just as the postseason was beginning, which would normally require a monthslong absence. Despite those issues, Freeman went to have a postseason for the ages. He wasn’t great in the NLDS nor the NLCS but went complete supernova in the World Series. He hit a walk-off grand slam, the first in World Series history, to lift the Dodgers in game one. He then went on to hit a home run in the next three games as well. He set a World Series record with 12 runs batted in and slashed .300/.364/1.000, helping the Dodgers win the title and earning himself World Series MVP honors in the process. Unsurprisingly, the attention has now shifted to getting him healthy for 2025 and it has been determined that surgery was necessary. It seems he will have enough time to be healthy for next year, though it wouldn’t be disastrous for the Dodgers if he hit some snags and ended up needing to miss a bit of time at the start of the 2025 season. Third baseman Max Muncy is capable of playing first base, while multi-positional players like Miguel Rojas or Chris Taylor could cover the hot corner. This article first appeared on MLB Trade Rumors and was syndicated with permission.