Retail sales show solid Nov gains across economy
Consumers boosted spending with a 0.7 percent rise in November led by a 2.6 percent jump at auto dealers amid incentives and Hurricane affected demand. Online sales rose 1.8 percent while grocery, clothing, and restaurant sales dipped. The Fed is expected to cut rates again today as the economy shows healthy momentum with some sluggish job signals.
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Congress Nears Budget Deal To Fund Government Through March
Congress moves toward a stopgap spending measure funding the federal government through March 14 and allocating more than 100 billion dollars in emergency aid for Hurricanes Helene Milton and other disasters. The plan largely preserves current spending and defers final budget decisions to the next Republican led Congress and President elect Donald Trump.
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Nvidia Leads Wall Street Swoon Amid Market Pullback
The S and P 500 slipped 0.4 percent, Dow fell 267 points, and Nasdaq dipped 0.3 percent as Nvidia dropped 1.2 percent amid an eighth loss in nine days. Broad market weakness paused a year’s dramatic gains while Bank of America strategists note low cash levels among fund managers.
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Trump hush money trial juror misconduct claim unfolds
Trump lawyers allege grave juror misconduct tainted the hush money verdict in New York. Prosecutors call the claims unsworn hearsay and a bid to undermine confidence, as Judge Merchan weighs motions amid the transition. Juror identities remain protected and the judge seeks to preserve case integrity and juror safety.
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