US Private Sector Powers Up

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BUSINESS & ECONOMY

💼 US Private Sector Growth Strong in October; Price Pressures Align with Fed's Below-2% Inflation Target

The U.S. private sector shows strong growth in October, with the S&P Global PMI rising to 54.3. The Flash Services PMI reached 55.3, while Manufacturing PMI improved to 47.8. New orders surged to a 17-month high, although hiring declined for the third month. Chris Williamson, Chief Business Economist at S&P Global, stated, “Weaker price pressures align with inflation below the Fed’s 2% target.” 

🌍 US Economy Powers Global Strength

White House Economic Council Director Lael Brainard praised the US economy as a “real source of strength” at Semafor’s World Economy Summit, held alongside IMF and World Bank meetings in Washington. She cited steady 3% annual growth and inflation easing to 2.4%, noting that current economic fundamentals contrast positively with previous administrations. She stated, “The underlying foundations of the economy are very strong.”

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WORLD

🇺🇸 US Should Weigh Military Action if North Korean Troops Aid Ukraine

Rep. Mike Turner, Chair of the House Intelligence Committee, suggested that the U.S. may need to consider “direct military action” if North Korean forces enter Ukraine. This comes after Defense Secretary Lloyd Austin confirmed North Korean troops are in Russia. Turner cautioned that such developments could escalate into a NATO conflict, stating, “They will become legitimate military targets.”

🤝 U.S. to Revive Gaza Peace Talks and Provide $135M Aid

U.S. Secretary of State Antony Blinken announced plans to resume Gaza peace talks in Doha, Qatar, aimed at establishing a cease-fire and hostage deal following the death of Hamas leader Yahya Sinwar. The U.S. will send $135 million in aid to Palestinians, focusing on water sanitation and maternal health. Vice President Kamala Harris stated, "This is an opportunity to end this war and bring relief."

SCIENCE & TECH

🔔 Apple Hints at New Macs in Upcoming Announcement Week Starting Monday

Apple is set to kick off a "week of announcements" on Monday, October 28, anticipated to unveil new Macs equipped with M4 chipsets. Senior VP Greg Joswiak shared the news on X, urging fans to mark their calendars. The lineup may include updated iMacs, 14-inch and 16-inch MacBook Pros, and a redesigned Mac mini, alongside software updates introducing Apple Intelligence features. 

🌍 U.N. Report: No Climate Progress This Year

The U.N. report reveals that nations have made no progress in reducing emissions since last year’s climate pledge, with global emissions hitting a record 57 gigatons. Geopolitical conflicts and inadequate financial commitments are hindering efforts to address climate change. Anne Olhoff, a climate policy expert stated, “Another year passed without action means we’re worse off.” 

SPORTS & ENTERTAINMENT

🟣 Vikings Activate T.J. Hockenson for Week 9 vs. Colts

The Minnesota Vikings are set to activate tight end T.J. Hockenson for their upcoming Week 9 matchup against the Indianapolis Colts on "Sunday Night Football." After recovering from a knee injury that sidelined him, Hockenson looks to enhance an offense that has struggled with tight end targets. He stated, “It’s healed... Stronger than ever.”

🔫 Broncos Player Shot After Leaving Strip Club

Denver Broncos wide receiver Josh Reynolds and another man were wounded in a shooting on October 18 after leaving Shotgun Willies strip club in Glendale. They were followed by multiple vehicles before shots were fired on I-25. Reynolds sustained two gunshot wounds, while another man was shot in the back. The Broncos stated, “Josh Reynolds was a victim of a shooting… and received treatment for minor injuries.” 

🔫 Five Charged in L.A. Murder-for-Hire Linked to King Von’s Death

Five individuals from Chicago have been federally charged in Los Angeles for allegedly conspiring to murder rapper Quando Rondo due to his suspected involvement in the 2020 killing of rival artist King Von. The suspects Kavon London Grant, Deandre Wilson, Keith Jones, David Lindsey, and Asa Houston were arrested on Thursday. The U.S. Attorney stated, “This indictment highlights ongoing violence in the hip-hop community.”

OTHER NEWS

🛑 Trump Seeks Dismissal of January 6 Case, Calls Special Counsel Unconstitutional

Donald Trump’s legal team has submitted a motion to dismiss the January 6 election subversion case, asserting that the office of Special Counsel Jack Smith is unconstitutional. This motion was filed 12 days ahead of the presidential election. The defense contends that Smith’s actions were improperly influenced by remarks made by President Biden, including his call to “lock him up.” Trump stated, “Everything Smith did... was unlawful.”

📰 LA DA to Recommend Resentencing in Menendez Brothers' Murder Case 

Los Angeles County District Attorney George Gascón announced on Thursday his intent to recommend resentencing for Lyle and Erik Menendez, nearly 30 years after their 1996 convictions for murdering their parents in 1989. This decision follows a 2023 defense petition citing new evidence of abuse. Gascón stated, “I believe they have paid their debt to society.” A hearing is expected in 30 to 45 days. 

🚧 US Secures $100M Settlement for Baltimore Bridge Collapse

The U.S. government has received over $100 million from Dali's owners, Grace Ocean Private Limited and Synergy Marine Private Limited, after a March 26 collision with Baltimore's Francis Scott Key Bridge, which killed six workers. The settlement covers channel-clearing costs but excludes reconstruction expenses. Brian Boynton of the Justice Department said, "This is a tremendous outcome that fully compensates the United States for the costs it incurred."

THIS DAY THAT YEAR

On October 25th, 1955, the first domestic microwave ovens hit the market, transforming kitchens by allowing food to be heated in mere minutes. This innovation marked a turning point in home cooking, bringing convenience and speed to households worldwide.

BRAIN TEASER

What kind of key do you use on Thanksgiving?

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What gets bigger the more you take from it?

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