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An economic roller coaster sends Six Flags America off the tracks

admin - Latest News - October 24, 2025
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As the decades-old Six Flags amusement park shutters in Bowie, Maryland, fans near and far mourn the end of affordable fun.



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Oct. 24, 2025, 5:30 AM EDTBy Steve Kopack and Rob WileThe Bureau of Labor Statistics is slated to publish September inflation data on Friday morning, in spite of a government shutdown that has paralyzed federal reporting and has no end in sight. The Consumer Price Index for September will be released at precisely 8:30 a.m. ET and will mark the first time a major economic report has been issued since the shutdown began Oct. 1.Economists surveyed by Dow Jones and Bloomberg expect the overall annual inflation rate to rise to 3.1% for the 12 months ending in September.Month over month, that would be the same stubborn pace that has persisted for more than two years. An inflation rate north of 3% is also significantly higher than the Federal Reserve’s target annual rate of 2%.Earnings have also continued to climb along with prices, hitting a new post-pandemic high in the second quarter of this year.But for consumers, higher wages on paper do not appear to have eased the sting of rising prices, according to several recent surveys.Prices and inflation edged out tariffs to become consumers’ most reported concerns in the Conference Board research group’s September survey. The University of Michigan’s closely watched surveys found overall consumer sentiment in October was down 22% from the same month a year ago.On Wall Street and Main Street, the Trump administration’s global trade and tariffs policy continues to loom large. “We continue to expect tariffs to remain a source of goods price inflation over the next few quarters,” economists with Bank of America wrote in a client note earlier this week. They also predicted that a decline in used-car prices would dent the overall pace of inflation that shows up in Friday’s report.Analysts at Goldman Sachs wrote that they expect “an acceleration in headline inflation, largely driven by higher seasonally adjusted gasoline prices.” They also anticipate that “food inflation will remain elevated,” according to a client note. Whatever the CPI data reveals, many analysts expect it to have an outsized impact on U.S. markets because it lands in the middle of a weeks long blackout on government economic data. It also arrives less than a week before the Fed’s policy meeting Oct. 28-29. There, committee members will discuss whether to lower interest rates again, which they are widely expected to do. The latest CPI data will help to inform the Fed’s assessment of the U.S. economy. It will also prove a key factor in determining the Social Security Administration’s annual cost-of-living adjustment for 2026, known as the COLA. Inflation data from July, August and September specifically are used as benchmarks to help set the COLA for the coming year. Like the CPI data, the Social Security Administration had initially planned to release the 2026 COLA in mid-October, but it was delayed by the government shutdown. Steve KopackSteve Kopack is a senior reporter at NBC News covering business and the economy.Rob WileRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
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Oct. 24, 2025, 5:00 AM EDTBy Gary Grumbach and Dareh GregorianNew York Attorney General Letitia James, a longtime political foe of President Donald Trump who previously sued him for making misleading statements to banks, is scheduled to be arraigned Friday in federal court on bank fraud charges.A grand jury in Virginia indicted James, a Democrat, this month, weeks after Trump posted a message on Truth Social pressing Attorney General Pam Bondi to take action against her and two other political adversaries.James is charged with one count of bank fraud and one count of making false statements to a financial institution. The indictment alleges she falsely claimed that a home in Norfolk, Virginia, was her second residence, allowing her to obtain favorable loan terms, and that she rented the property to a family of three.The indictment indicates she is alleged to have saved about $50 a month.After she was charged, James called the allegations “baseless” and said Trump’s “own public statements make clear that his only goal is political retribution at any cost.”James’ office brought a civil fraud suit against Trump and his company in 2022. It alleged they were submitting misleading financial statements to banks and insurers, exaggerating his net worth by billions of dollars and enabling Trump and his company to obtain bank loans and insurance policies at rates they were not entitled to. As a result, James’ office has said, he “reaped hundreds of millions of dollars in ill-gotten gains.”Trump was found liable for fraud and hit with a $464 million judgment last year. A divided state appeals court upheld the fraud finding in August but tossed out the financial penalty, finding it was “excessive.” Trump has denied wrongdoing in the case and is appealing the fraud finding.James is the third prominent Trump critic to be arraigned on federal criminal charges in the past three weeks.John Bolton, Trump’s former national security adviser, was arraigned last week, while former FBI Director James Comey was arraigned the week before that. Both pleaded not guilty.James and Comey were indicted after Trump’s former personal lawyer Lindsey Halligan was named acting U.S. Attorney for the Eastern District of Virginia.Her predecessor, Erik S. Siebert, resigned under pressure last month after Trump said he wanted him “out.” NBC News previously reported that both the Comey and the James investigations were stalled during Siebert’s tenure because federal agents and prosecutors did not believe they had the evidence to secure convictions.Comey has challenged the legality of Halligan’s appointment, something James’ attorneys said in a court filing Thursday that they plan to do, as well.Halligan was sworn in days after Trump’s social media post urging Bondi to take action against James, Comey and Sen. Adam Schiff, D-Calif.Schiff is being investigated in Maryland over allegations of mortgage fraud, and he has denied any wrongdoing. NBC News, citing four people familiar with the investigation, reported Thursday that the investigation has stalled, with prosecutors believing they do not have enough evidence to bring charges.Gary GrumbachGary Grumbach is an NBC News legal affairs reporter, based in Washington, D.C.Dareh GregorianDareh Gregorian is a politics reporter for NBC News.
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Nov. 4, 2025, 9:38 PM EST / Updated Nov. 4, 2025, 10:24 PM ESTBy Megan LebowitzDemocrat Jay Jones has won the election for Virginia attorney general, NBC News projects, overcoming a text message scandal that threatened to derail his candidacy in the final stretch of the race.Jones defeated Republican Jason Miyares, the incumbent who served one term. The typically low-profile race was thrust into the national spotlight after a series of violent text messages Jones sent in 2022 surfaced last month. In those texts, Jones suggested that then-Virginia House Speaker Todd Gilbert, a Republican, deserved “bullets to the head.” In the message, Jones wrote: “Three people, two bullets. Gilbert, hitler, and pol pot.”“Gilbert gets two bullets to the head,” Jones said, according to the messages released by the Republican Attorneys General Association. “Spoiler: put Gilbert in the crew with the two worst people you know and he receives both bullets every time.”The messages, which were first reported by the National Review, prompted bipartisan backlash. Jones, a former state lawmaker, was not in office when he made the remarks, and he apologized to Gilbert and his family, saying in a statement, “Reading back those words made me sick to my stomach.”“I am embarrassed, ashamed, and sorry,” he continued.The messages came amid a national conversation about political violence and rhetoric after the assassinations of conservative activist Charlie Kirk and Minnesota state Rep. Melissa Hortman, a Democrat.Republicans urged Jones to drop out of the race, while Democrats largely condemned the texts while stopping short of calling on him to end his campaign.The NBC News Exit Poll showed the text messages were on the minds of Virginia voters. Forty-five percent said they disqualified Jones for the job of attorney general. Miyares said in his concession speech that he wishes Jay Jones “the best in this new job.” “I know, given the circumstances of last six weeks, many of my supporters will find that difficult,” he said. “The reason I wish Jay the best is because we, the people of Virginia, need it. We need an attorney general who will focus every day on keeping us safe.”Jones said in his victory speech that he looked forward to sitting down with Miyares. He also thanked the outgoing attorney general “for his service to our commonwealth.”The texts also became a focal point of the governor’s race, with Republican candidate Winsome Earle-Sears pressing Democratic candidate Abigail Spanberger to further reject Jones. Spanberger had said that when she learned about the messages, she “spoke frankly with Jay about my disgust with what he had said and texted” and “made clear to Jay that he must fully take responsibility for his words.” Spanberger did not call for Jones to exit the race and declined to say whether she had withdrawn her endorsement of him, saying at a debate that “it’s up to voters to make a choice based on this information.”Spanberger’s comfortable victory over Earle-Sears in the governor’s race Tuesday appears to have helped drag Jones across the finish line. With an estimated 87% of the vote in, Spanberger led by more than 13 points, while Jones led by less than 5. The NBC News Exit Poll found that 9% of Spanberger voters backed Miyares.Jones, 36, hammered a message in the blue-leaning state that Miyares would not stand up to President Donald Trump. Trump endorsed Miyares, but not Earle-Sears, in Virginia. “I was held accountable,” Jones said at a debate last month. “But what we have here in Virginia right now is an attorney general who won’t hold the president accountable.”Of the 49% of Virginia voters who strongly disapproved of the way Trump is handling his job as president, 91% voted for Jones, exit polls show. In the hours before polls opened for Election Day, Trump urged Virginians during a tele-rally to back Miyares while notably not naming Earle-Sears. “Get out and vote tomorrow for Jason Miyares, very — so important — and the Republicans up and down the ballot,” Trump said Monday night.Miyares, 49, began his first term in 2022, having served in the Legislature. Jones previously was an assistant attorney general in D.C. and was a Virginia state representative.Megan LebowitzMegan Lebowitz is a politics reporter for NBC News.
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