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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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US Stocks Dip Ahead of Fresh Jobs Data

 


US stocks dipped ahead of fresh jobs data, with investors looking to labor market readings as they decide whether to put hopes for an interest-rate cut on ice. 

Economists predict that the so-called JOLTS report, which is due out later today, will show that job openings in the world’s largest economy slipped to 9.3 million on the final day of October, down from 9.553 million on the last day of the prior month. 

The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report by the US Bureau of Labor Statistics that collects data from employers in order to measure job openings, new hires, the number of employees who quit or were laid off, and other forms of labor turnover . The JOLTS report is released monthly and usually a month after the jobs report for the same reference period.

Wall Street kicked off December on an upbeat note, extending gains from the previous month that were driven by robust earnings and expectations that the Fed was done with its rate hiking campaign. The benchmark S&P 500 registered its highest close of the year on Friday as remarks from Fed Chair Jerome Powell bolstered the peak rates view.


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