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Russia Strikes Ukraine’s Energy Grid Amid Fears of US Missile Support

  Russia launched another wave of drone and missile strikes on Ukraine’s power infrastructure, intensifying its campaign to cripple the country’s energy supply ahead of winter. The overnight assault left parts of Kyiv and several regions in darkness, with emergency crews racing to restore electricity to thousands of homes. The attacks come as Moscow voices alarm over the potential delivery of US long-range Tomahawk missiles to Ukraine, which Russian President Vladimir Putin warned would mark a “new level of escalation” in the conflict. Ukrainian officials condemned the strikes as deliberate attempts to weaponize winter against civilians. President Volodymyr Zelenskyy vowed to strengthen air defenses and pressed Western allies for additional support to counter Russia’s growing aerial offensive. As temperatures drop, the battle over Ukraine’s energy grid is becoming a central front in the war—one that could determine both military momentum and civilian resilience in the months ahe...
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US Economy Adds 175,000 Jobs in April, Unemployment Rate Edges Up


The latest data from the Labor Department reveals that the US economy added 175,000 jobs in April. While this marks a solid gain, it falls short of the 240,000 jobs that economists had anticipated. Here are the key facts and figures:

  1. Job Creation: The US job market has been expanding at a robust pace despite 11 rate hikes from the Federal Reserve aimed at slowing down the economy. In March, the economy added an impressive 315,000 jobs, well above expectations. However, April’s figure of 175,000 indicates a firm slowdown in job growth.

  2. Unemployment Rate: The unemployment rate ticked up slightly to 3.9%, compared to the estimated 3.8%. While this increase is modest, it highlights the ongoing challenges in the labor market.

  3. Wage Gains: Workers’ wage gains continue to outpace inflation, providing some relief amid rising living costs. However, the pace of wage bumps has slowed, which could impact the Federal Reserve’s efforts to manage inflation.

Despite the April slowdown, the US economy has maintained a remarkable streak of 40 consecutive months of employment expansion, making it the fifth longest such period on record. Additionally, the nation’s jobless rate has held below 4% for 26 consecutive months.

Investors are closely monitoring these developments, as any further signs of a slowdown could prompt the central bank to consider a rate cut sooner than expected. For now, markets anticipate the first cut to occur in November or December.

In summary, while the US job market remains resilient, the April report suggests a need for continued vigilance as economic conditions evolve.

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