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Ukraine Faces Deepening Power Shortages After Russian Strikes

A resident shows a journalist where a Russian drone struck the roof of an apartment building, depriving its residents of water, heat and electricity, in Kyiv. Ukraine is confronting one of its most severe energy shortfalls since the start of the full‑scale invasion, with the country currently able to supply only about 60% of its electricity needs. A new wave of Russian missile and drone attacks has heavily damaged power plants and transmission infrastructure across multiple regions, pushing the grid to the brink. Officials report that nearly every major power‑generating facility has been hit in recent weeks. Cities such as Kyiv, Kharkiv, Odesa, and Dnipro have experienced rolling blackouts, leaving millions of residents coping with limited heating, lighting, and communications during the winter season. Ukraine’s government has warned that the situation remains extremely challenging. Engineers are working around the clock to repair damaged facilities, but repeated strikes have slowed...
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Retail Sales Rise 0.3% in November as Americans Keep Spending

 

According to the Commerce Department, retail sales rose 0.3% in November from October, when sales were down a revised 0.2%. The figures aren’t adjusted for inflation. 

Excluding car and gas sales, sales rose 0.6%. Business at restaurants rose 1.6%, while sales at furniture stores rose 0.9%. Online sales rose 1%. Electronic and appliance sales, however, fell 1.1%. Sales at department stores fell 2.5%. 

The urge to spend for Americans appears to have some running room, even after a blowout summer. Consumer spending jumped in the July-September quarter. Economists have been expecting spending to slow in the final three months of the year as credit card debt and delinquencies rise, and savings fall.

This reflects a resilient consumer market as the holiday season progresses.

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