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The US producer price index (PPI) climbed 0.5% in December, up from 0.2% in November. The advance was driven primarily by a surge in the costs of services, which experienced a 0.6% monthly increase. Economists had anticipated a more moderate gain of 0.3%.
The US economy is showing signs of strain, with pending home sales continuing to slide in January and the trade deficit widening to $70.3 billion in December. Meanwhile, some portfolio managers are betting against US bonds, citing the economy's resilience and a potential mismatch in the bond market's expectations for interest rate cuts.
The US labor market shows signs of stabilization as jobless claims drop to 206,000, while the trade deficit widens to $70.3 billion in December. Meanwhile, international tensions rise as the diplomatic window with Iran closes, and Turkey considers expanding market manipulation penalties. In other news, NFL Hall of Famer Steve Young's private equity firm HGGC raises a new $3.2 billion fund.
A civil lawsuit has been filed against Kansas City Chiefs wide receiver Rashee Rice by the mother of his two children, alleging he assaulted her multiple times while she was pregnant. The lawsuit, seeking over $1 million in damages, claims the assaults occurred between December 2023 and July 2025. Rice was previously suspended for his role in a car crash.
A surge in earnings among India's small-cap firms and a potential easing of rules on Japanese life insurers' bond losses are offering a glimmer of hope for investors in the Asia-Pacific region. Smaller firms in India posted a 29% jump in December-quarter earnings, while a Japanese accounting group is seeking to relax rules on how life insurers book paper losses on government bonds.
The Kilauea volcano in Hawaii erupted on Sunday, marking the 42nd episode of lava fountains since the current series of intermittent eruptions began in December 2024. The eruption sent a plume of ash and smoke into the air, reaching heights of over 10,000 meters. The US Geological Survey is monitoring the situation.
The Related Group sold $450 million worth of condos between September 2025 and early December 2025. A group of investors recorded the most expensive pending contract of the year, selling their non-waterfront Miami Beach home for nearly $18 million.
The Related Group sold $450 million worth of condos between September and early December. A group of investors reached a signed contract to sell their non-waterfront Miami Beach home for nearly $18 million. Luxury homebuilder Alex Pirez sold his waterfront Gables Estates mansion for $55 million.
South Florida's luxury real estate market began 2026 with a flurry of activity, showcasing the region's resilience and appeal to high-net-worth individuals. The latest figures from Related Group, Miami's leading condo developer, revealed that between September 2025 and early December 2025, they sold over $450 million.
South Florida's luxury real estate market kicked off 2026 with a flurry of record-breaking deals. Two major developers, Oak Row Equities and Vlad Doronin’s OKO Group, paid $520 million for a bayfront Brickell property in December.
The NTSB is still investigating the cause of the crash, and further details will be released as they become available. Biffle, a four-time NASCAR Cup Series champion, and Dutton, a retired airline pilot, along with Dutton's son Jack, all held valid pilot licenses. The jet, which took off from the airport around 12:45 p.m. on December 24, 2025, experienced instrument failures and erratic climb and descent before the crash.
Luigi Mangione is accused of killing UnitedHealthcare CEO Brian Thompson in December 2024. A New York federal judge has dismissed charges against Mangione that carried a potential death sentence. The ruling came in response to a defense motion seeking to dismiss the charges.
Samsung's chip business recorded a profit of 11.2 trillion won ($10.1 billion) in the December quarter. This is up from 2.1 trillion won in the same period the previous year. The surge in demand for memory chips, a key component in AI systems, has led to increased sales and profits.
Capcom Co. reported impressive earnings for the December quarter. The company's shares jumped by 11.7% in Tokyo trading, marking Capcom's biggest single-day gain since June 2020. The unexpectedly strong sales of older titles, including the popular "Resident Evil" series, bolstered optimism among investors.
Minneapolis, Minnesota, has become the epicenter of a significant crisis as the US Immigration and Customs Enforcement (ICE) operation in the city has spurred protests, two fatal shootings, and threatened the United States' duties to co-host the 2026 World Cup. The controversy began in December 2025 when ICE agents were sent to the Minneapolis area for the largest immigration operation in US history, resulting in 3,000 arrests. A veteran sports radio broadcaster in Minneapolis fueled the controversy further when he