News
Nvidia wins U.S. approval for China chip sales
Nvidia resumes H20 AI chip sales to China, potentially unlocking $20 billion and boosting stock amid new RTX Pro launch.
News
Private sector jobs fall as ADP reveals major slowdown in November
ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.
ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.
ADP has revealed a surprise decline of 32,000 private sector jobs in November, signalling renewed pressure across the labour market. Small businesses in particular have been hit hardest, raising fresh concerns about resilience heading into the new year.
Economists warn that slowing hiring momentum and weakening pay growth point to a broader shift in worker demand. With consumers increasingly expecting unemployment to rise, sentiment across industries continues to cool.
The market now turns its attention to the upcoming Bureau of Labor Statistics report, which will offer a crucial read on whether this slowdown is temporary—or a sign of something much larger.
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Australia warned of major electricity price surge without faster renewable rollout
Australia may face a 13% electricity price hike next decade without faster renewable energy project implementation, warns energy watchdog.
Australia may face a 13% electricity price hike next decade without faster renewable energy project implementation, warns energy watchdog.
Australia’s energy watchdog is warning that households could be hit with a 13% jump in electricity prices early next decade if renewable energy projects don’t accelerate. The Australian Energy Market Commission says the next five years will be critical to boosting clean generation and battery storage.
While a modest 5% drop in power bills is expected over the short term, delays in wind projects and transmission updates could see prices climb by as much as 20%. Energy Minister Chris Bowen also cautions that extending the life of ageing coal plants could push costs and pollution even higher.
Experts say that faster renewable construction could cut future prices by up to 10%, and that widespread electrification could transform long-term household savings.
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Immigration crackdown escalates tensions In New Orleans
New Orleans faces fear as immigration operation targets undocumented immigrants, sparking community concern and calls for accountability.
New Orleans faces fear as immigration operation targets undocumented immigrants, sparking community concern and calls for accountability.
U.S. immigration officials have launched a new enforcement operation in New Orleans targeting undocumented immigrants, with a particular focus on individuals released from local custody under sanctuary-style policies. The move has sparked a wave of concern across the community.
Residents say the tactics used by federal agents are creating fear among families, including those without criminal records. One restaurant owner has even created makeshift sleeping spaces to keep loved ones out of sight as the operation intensifies.
Local leaders, including council member Lesli Harris, are calling for clarity and accountability as the operation continues through the end of the year. The full scope of the federal action remains uncertain.
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