Share
Global News Today | 2 Min News | The Daily News Now!
U.S. Economy Surges, Inflation Persists
•
U.S. Economy Surges at 4.3% Growth Rate, but Inflation and Job Market Concerns Linger
The U.S. economy experienced a robust expansion in the third quarter, growing at a 4.3% annual rate, the fastest pace in two years. This growth was driven by government spending, consumer purchases, and exports. However, inflation remains a concern, with the personal consumption expenditures index rising to 2.8% and core inflation at 2.9%. Despite the strong growth, Wall Street reacted negatively, with stocks falling as traders worry about a potential lack of a Federal Reserve rate cut. The job market also adds caution, with November adding only 64,000 jobs and October seeing a loss of 105,000 jobs, pushing unemployment to 4.6%. Hiring has slowed sharply, leaving businesses in a wait-and-see mode as tariff talks and rates linger.
The Daily News Now! — Every city. Every story. AI-powered.
More episodes
View all episodes
US-Iran Nuclear Talks Stall at UN
01:21|Tensions escalate as US and Iran clash at UN over nuclear talks. Iran insists on uranium enrichment, while US demands zero enrichment. Five rounds of indirect talks failed, followed by a war in June. European powers triggered snapback sanctions, while Russia and China opposed. Iran vows not to bow to pressure, leaving hopes for reviving talks slim.Trump's Epstein Flights Revealed in New Documents
01:25|Newly released Jeffrey Epstein files reveal that President Donald Trump flew on Epsteins private jet at least eight times between 1993 and 1996, more than previously known. The records list Trump with family members and Epsteins associate Ghislaine Maxwell. Trump denies these claims, but the Justice Department calls them untrue and sensationalist. The latest batch of over 30,000 pages was released on Tuesday, with more documents to come in the following weeks.Capitol Police's Fight for Survival
01:45|In the heart of the U.S. Capitol riot on January 6, 2021, a thin line of exhausted police officers fought for their lives in the Lower West Terrace Tunnel. Rioters, armed with makeshift weapons and chemicals, engaged in brutal hand-to-hand combat, leaving officers trapped and injured. Among them, Officer Brian Sicknick, who later collapsed and died after being sprayed with chemicals. This oral history recounts the harrowing final hours of the officers desperate struggle to protect the Capitol.Camp Mystic Reopens After Flood Tragedy
01:40|Camp Mystic, a century-old Christian girls camp, plans a partial reopening next year following the devastating July fourth floods that claimed 25 campers and 2 teenage counselors. The camp, located in Kerr County, Texas, will reopen with safety upgrades and higher ground accommodations. Parents are divided on sending their daughters back, with some seeing it as a step in healing and others finding it insensitive. Lawsuits accuse the camp of failures, and Texas lawmakers plan hearings. The camps owners death and the tragic loss of life have left a lasting impact on the community.Salvadoran Man Reunites with Family for Christmas
01:54|Kilmar Abrego Garcia, a Salvadoran man living in Maryland, is granted temporary freedom after months in custody. Facing deportation and human smuggling charges, his case sparks immigration debate. With no solid deportation plan, a judge orders his release, allowing him to spend Christmas at home, while his future in the U.S. remains uncertain.Settlers Attack Palestinian Home, Injure Children
01:31|Israeli settlers attack Palestinian home, injuring children with tear gas; surge in settler violence reported during olive harvest, with over one hundred thirty incidents in November alone.Cholitas Climb Peaks in Polleras
01:45|In Bolivias highlands, Indigenous women, known as cholitas, are defying stereotypes by scaling six-thousand-meter peaks in their traditional hot-pink polleras. These women, like Ana Lia González Maguiña, see their skirts as a badge of pride rather than a hindrance. Despite the polleras colonial origins, cholitas wear it everywhere, from mines to sports fields, challenging male-dominated norms. However, with Bolivias new President Rodrigo Paz, theres uncertainty about the future of Indigenous representation and discrimination. Cholitas, like González Maguiña, remain hopeful, determined to keep pushing boundaries and advocating for their rights.Gaza Aid: Shortfall, Prioritization, and Fragile Food Security
01:53|Despite Israels claims of meeting humanitarian aid targets, aid groups and Gaza authorities report shortfalls, with commercial goods often prioritized over essentials. Markets are better stocked, but prices remain unaffordable for most families. Global experts warn of starvation risks, as data shows an average of five hundred forty to five hundred eighty-one trucks daily in October and November, and just two hundred fifty-six in December. Over nine thousand three hundred seventy-nine aid trucks reached their destinations, but restrictions and fees have cut portions. Food security has slightly improved, but the situation remains fragile, demanding steady, unhindered aid.Yemen Prisoner Swap: Hope for Peace
01:15|Yemens warring factions agree to release nearly 3,000 detainees, marking a significant step towards peace. The deal, brokered by the UN and Red Cross, involves the release of Yemeni, Saudi, and Sudanese prisoners. This is the tenth round of talks since the 2018 Stockholm Agreement, with the Red Cross facilitating over 1,800 releases. The swap, finalized in Muscat, offers hope for a calmer future amidst Yemens ongoing conflict.