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The romance between "Sweetener" singer Ariana Grande and "SNL" performer Pete Davidson has turned sour.The couple, whose whirlwind romance-turned-engagement powered the celebrity gossip machine through the summer, has split, a source close to the singer tells CNN.Davidson confirmed their engagement in June. They had been dating a few weeks at the time. 362
The United States’ Gross Domestic Product is expected to have a modest comeback in 2021 while unemployment will be slower to recover for years to come, according to a government projection from the Congressional Budget Office.The nonpartisan government agency that provides policy guidance for members of Congress said that unemployment is projected to remain above pre-pandemic levels through 2030.Thursday’s estimates from the CBO indicate that real GDP in 2021 will jump 4% in 2021 from 2020 after taking a projected 5.8% drop in 2020. The CBO then projects that real GDP will increase 2.9%. In years following, the GDP is expected to level off at 2.2%.But after unemployment dropped to 3.5% in 2019,, the unemployment rate is expected to be 7.6% in 2021, followed by 6.9% in 2022 and 5.9% in 2023 and 2024. Data released Thursday pegged the US unemployment rate at 11.1% in June.The CBO stresses there is uncertainty in its forecast given the pandemic.“The severity and duration of the pandemic are subject to significant uncertainty,” the CBO said. “In particular, several important epidemiological characteristics of the coronavirus remain unclear: Much still needs to be learned about its transmissibility and lethality and about the immunity conferred on people who have recovered from it. Moreover, the severity and duration of the pandemic will be affected by how various mitigation measures reduce the spread of the virus and by when vaccines and additional treatments become available—outcomes that remain highly uncertain.” 1544
The US Centers for Disease Control and Prevention continues to warn against eating any romaine lettuce harvested from the central Coastal growing regions of Northern and Central California amid a multistate outbreak of E. coli illnesses linked to romaine lettuce. The agency also reported Thursday that nine additional people have been reported ill since November 26.Now, 52 people have been infected with E. coli in this outbreak, which was announced in October, according to the CDC.Illnesses have been reported in 15 states: California, Connecticut, Florida, Illinois, Louisiana, Massachusetts, Maryland, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Wisconsin.Nineteen people have been hospitalized, including two who developed hemolytic uremic syndrome, a type of kidney failure. No deaths have been reported.Last month, the CDC and the US Food and Drug Administration updated their warning against eating or selling romaine lettuce products harvested in the California counties of Monterey, San Benito, San Luis Obispo, Santa Barbara, Santa Cruz and Ventura. 1110
The US stock market sank deeper into the red following sluggish economic reports on Monday and bad news from a couple of blue-chip giants.The Dow fell 600 points by late afternoon, or 2.6%. The S&P 500 lost 2.6% and retreated to its lowest level of the year. And the Nasdaq joined the Dow & S&P 500 in negative territory for 2018. All three indexes have plunged about 7% so far this December.The Dow closed down 507 points for the day.And the Russell 2000 index of small-cap stocks tumbled into a bear market, marking a 20% decline from the record highs notched in late August.A weaker reading from the New York Federal Reserve about manufacturing in the Empire State and a drop in confidence from the nation's homebuilders weighed on the markets."Investors are zeroing in on this idea of slower growth for 2019," said Michael Arone, chief investment strategist at State Street Global Advisors. "More people are worried about a recession in late 2019 or 2020."The political noise in Washington isn't helping either. President Trump, in a tweet Monday morning, repeated his criticism of the Federal Reserve for its recent rate hikes. The Fed meets Wednesday and is widely expected to raise rates again.But Trump tweeted that "it is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!"The Fed is supposed to be politically independent. Any evidence that it might be swayed by attacks from Trump could unnerve the markets."If the Fed doesn't raise rates it will look like it's succumbing to the bullying of Trump's tweets," Arone said.But Nancy Perez, managing director at Boston Private, said the Fed is likely to slow down its pace of rate hikes in 2019 simply because the economy is slowing, not because of pressure from Trump.Perez added that the recent market turmoil is justified because investors are readjusting to this fact."We have been getting a bump in profit margins due to lower taxes but the earnings growth itself is not sustainable," Perez said. "Projections will come down and volatility will continue." 2247
The Senate Judiciary Committee will hold confirmation hearings for Judge Amy Coney Barrett, President Donald Trump’s Supreme Court nominee, the week of Oct. 12. That’s according to three people familiar with the schedule.The panel plans to start the hearing with opening statements on Monday, Oct. 12, and continue with two days of questioning. The hearings are scheduled to end on Thursday, Oct. 15 with statements from outside groups.The people were granted anonymity to discuss the schedule before it is officially announced.The hearings will come less than a month from the Nov. 3 presidential election. Senate Majority Leader Mitch McConnell has not yet said whether the Senate will vote to confirm Barrett before the election, but Republicans are privately aiming for a late October confirmation vote.Barrett would replace Ruth Bader Ginsburg, who died Sept. 18.Here's what's next for Supreme Court Justice Nominee Amy Coney Barrett. 948