Homelessness in the U.S. Surges by Record 18%, HUD Reports
U.S. homelessness surged 18% in 2024, the largest annual increase on record, driven by housing affordability crises, economic pressures, and systemic disparities. Experts call for urgent policy reforms to address the escalating crisis.
Dec 28, 2024 3:34 PM EST
Holiday Spending Pushes U.S. Credit Card Debt to Record High
U.S. holiday spending has surged, driving credit card debt to unprecedented levels. Consumers prioritize holiday traditions despite rising interest burdens, prompting financial experts to urge cautious spending and proactive debt management.
Putin Issues Rare Apology Following Azerbaijan Airlines Crash
Russian President Vladimir Putin apologized after an Azerbaijan Airlines crash killed 38, likely due to Russian air defenses. The incident strained regional ties, prompting international calls for accountability and aviation safety improvements.
German Editor Resigns Over Elon Musk's Controversial AfD Commentary
Eva Marie Kogel, editor at Welt am Sonntag, resigned after publishing Elon Musk's controversial op-ed defending Germany's far-right AfD. Musk's comments sparked political backlash, raising concerns about external influence on Germany's elections.
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U.S. Approaches Debt Ceiling Deadline, Yellen Warns of Urgent Congressional Action
Treasury Secretary Janet Yellen warns the U.S. may hit its debt ceiling by mid-January, urging Congress to act swiftly to prevent default and ensure the nation's financial stability.
Dec 28, 2024 6:10 AM EST
U.S. Holiday Spending Rises 3.8% in 2024, Driven by Online Sales and Value Deals
U.S. holiday spending grew by 3.8% in 2024, fueled by a 6.7% rise in online sales. Consumers prioritized value-driven purchases, showcasing resilience amid economic challenges and shorter shopping periods.
Dec 28, 2024 5:52 AM EST
Trump Urges Supreme Court to Delay TikTok Ban, Seeks Political Resolution
President-elect Trump has asked the Supreme Court to delay TikTok's ban, citing plans for diplomatic solutions. The move underscores tensions between national security concerns, digital rights, and U.S.-China relations.
Dec 28, 2024 2:06 AM EST
CFPB Caps Overdraft Fees, Saving Consumers Billions
The CFPB's new rule limits overdraft fees for large banks, aiming to protect consumers and promote fairness. Expected to save $5 billion annually, it faces opposition from the banking industry.
Dec 27, 2024 2:56 PM EST
Chinese Cyber Espionage Campaign Targets U.S. Telecommunications Firms
A Chinese cyber espionage campaign targeted a ninth U.S. telecom firm, compromising sensitive communications. The U.S. urges stronger cybersecurity measures as tensions rise over China's persistent state-sponsored hacking activities.
Dec 27, 2024 2:39 PM EST
Bank of Japan Signals Imminent Rate Hike Amid Economic Stability
The Bank of Japan signals a potential rate hike, citing economic stability but monitoring uncertainties. Inflation and mixed economic data influence cautious decisions, with the next review set for January 2025.
Dec 27, 2024 9:56 AM EST
South Korea's Political Crisis Deepens as Acting President Han Duck-soo Impeached
South Korea faces deepening political turmoil as Acting President Han Duck-soo is impeached. The crisis has triggered economic instability, protests, and concerns over delayed governance, with critical Constitutional Court rulings still pending.
Dec 27, 2024 9:43 AM EST
U.S. Jobless Claims Drop Slightly, Continuing Claims Hit 3-Year High
This mixed picture reflects an evolving labor market that remains relatively strong but is increasingly facing pressures that could influence broader economic trends in the coming months.
Dec 27, 2024 2:17 AM EST
World Bank Raises China's Growth Forecasts Amid Persistent Economic Challenges
The World Bank raised China's 2024 growth forecast to 4.9%, citing policy easing and exports. However, challenges like the property crisis and structural issues require urgent reforms for sustainable growth.
Dec 27, 2024 2:00 AM EST
WHO Chief Escapes Unharmed as Israeli Airstrikes Devastate Sana'a Airport
WHO Chief Tedros Ghebreyesus narrowly escaped Israeli airstrikes on Sana'a Airport, disrupting humanitarian efforts in Yemen. The strikes, targeting Houthi positions, escalated regional tensions and worsened Yemen's ongoing crisis.
Dec 27, 2024 1:45 AM EST
Trump's Tariff Plan Sparks Concerns Over Rising Affordable Car Prices
Trump's proposed 10% tariff on foreign imports raises concerns about higher prices for affordable cars, potentially burdening consumers and straining trade relations, while challenging the auto industry's global supply chain.
Dec 26, 2024 1:48 PM EST
Finnish Authorities Detain Oil Tanker Suspected of Sabotaging Undersea Cables
Finnish authorities detained the oil tanker Eagle S, suspecting it of damaging undersea power and internet cables in the Baltic Sea. Investigations continue amid concerns over infrastructure security and geopolitical tensions.
Dec 26, 2024 1:41 PM EST
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