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Singer Skiibii has shared a video of a friend gifting his a luxury wristwatch that was labeled fake by a page online.

Earlier the singer was accused of wearing a fake luxury branded wristwatch by page on instagram that identifies real from fake brands, which led to his ex mocking him.

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Rising inflation has been a concern for Federal Reserve officials and investors alike, and the Consumer Price Index (CPI) release this week will show whether price pressures are continuing to affect the economy.

Federal Reserve Chair Jerome Powell will make comments this week at an international conference, while several other Fed officials will deliver remarks throughout the week. Fed officials have said repeatedly that they need to see clear evidence inflation is under control before the central bank will cut its benchmark interest rate.

Several retailers will attract market watchers’ attention this week, with Walmart (WMT), Home Depot (HD), and Chinese e-commerce firms JD.com (JD) and Alibaba Group (BABA) all set to report earnings. Cisco Systems (CSCO) and Sony Group (SONY) will also report this week.

Will inflation hit another “bump” in its path? Investors will find out this week whether the Consumer Price Index release on Wednesday will show the extent of continued price pressures.

After a year of the inflation rate moving lower, 2024 has shown that prices were looking “sticky,” with inflation rates tilting back upward over the past few months. That includes the 3.5% annual CPI inflation rate in March, which rose for the third straight month. Before that, the Producer Price Index release on Tuesday will show price changes for wholesalers, which can be an indicator of upcoming price changes at the consumer level. 

The recent upturn in inflation rates has been characterized as “bumpy” by some Federal Reserve officials, who have taken the jump in prices as a signal that interest rates need to be held at their current decades-high levels. Another elevated inflation reading could further dampen hopes for rate cuts.

Investors will also hear from several Fed officials this week, including Chair Jerome Powell, who will speak to the Netherlands’ Foreign Bankers’ Association on Tuesday. Federal Reserve Vice Chair Phillip Jefferson, Cleveland Fed President Loretta Mester, Atlanta Fed President Raphael Bostic, and Philadelphia Fed President Patrick Harker are also on the calendar this week.

Corporate earnings this week will center around reports from big retailers, while several notable foreign-owned companies will also issue their financial results.

Walmart leads the week’s corporate earnings calendar when it reports its first-quarter fiscal 2025 results on Thursday. The retail giant projected stronger sales this year, aiming to grow income through new lines of business. 

Also reporting this week is Home Depot, which warned that its sales could decline this year, as customers defer large projects and big-ticket purchases in an environment of still-high interest rates.

Another company that reports after releasing a cautious outlook is Cisco, which in February issued softer-than-expected current-quarter guidance and unveiled plans to slash 5% of its global workforce. 

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Singer Cynthia Morgan, otherwise known as Madrina, has been arrested for cyber stalking the crown Prince of Benin, Prince Ezelekhae Ewuare.

According to a lawsuit filed by his team of lawyers, the singer has been desperately trying to reach the Prince and trailing him on his work days; unfortunately, all her efforts have been futile. Her frustration at not meeting him made her publish lies and defamatory statements against him on Instagram in 2020, and she has continued such publications to date.

The lawsuit noted that rather than trade words with her online, the Crown Prince filed a suit against her, warning her to desist from defaming him, but she ignored all his warnings.

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Nollywood actress, Lilian Afegbai has congratulated her colleague and longtime friend, Kehinde Bankole over her recent win at the AMCVA.

She captured herself in a video as she tearfully paid tribute to her friend Kehinde, who she believes that her win was long overdue.

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Alphabet's (GOOGL) Google is set to host its annual developer conference on Tuesday, with investors likely to be watching for any updates related to artificial intelligence (AI).

At the 2023 Google I/O conference, AI took center stage with the company highlighting its AI chatbot, Bard, which has since been rebranded as Gemini. The company also announced AI integrations into its existing products and services like maps along with photo editing tools it worked on with Adobe (ADBE).

Google could unveil new AI features, initiatives, or provide fresh details about the companies that it is partnering with to advance its AI offerings at this year's conference.

Analysts suggested the event could also bring more clarity about Google's AI monetization plans as tech giants work to secure their position in the AI race.

Melius Research analysts said they would "like to see the monetization path become clearer" at the conference. Bank of America analysts said "Google's AI platform updates for developers at I/O" could be a "potential AI catalyst."

Several AI-focused sessions are scheduled to take place during the I/O conference. One session, called "Web AI: New models, tools, and APIs for your next web app" could be of particular interest amid reports Microsoft-backed (MSFT) OpenAI is set to announce an AI product that could negatively impact Google.

OpenAI is reportedly expected to announce an AI-powered search engine ahead of the I/O conference which could rival Google's offerings.

Alphabet shares closed 0.8% lower at $168.65 Friday. The stock has gained nearly 21% since the start of 2024.

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