Canada sues Google over alleged anticompetitive practices in online ads

( ) -q-28- UNDATED (Correspondent Jeremy House) “the Competition Act.”

Canada’s antitrust watchdog is suing Google over alleged anti-competitive conduct in the tech giant’s online advertising business.

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TAG: Correspondent Jeremy House reporting. The bureau is asking the tribunal to order Google to sell its publisher ad server, DoubleClick for Publishers, and its ad exchange, AdX.

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VERBATIM: The agency wants the company to sell off two of its services and pay a penalty. Canada’s Competition Bureau says that such action is necessary because an investigation it conducted into Google found that the company “unlawfully” tied together its ad tech tools to maintain its market dominance. The matter is headed for the Competition Tribunal, a quasi-judicial body that hears cases brought forward by the competition commissioner about non-compliance with the Competition Act.

Black Friday reigns as biggest day for in-store shopping

Black Friday still reigns as the biggest day of the year for in-store shopping. Retailers have been pushing early holiday sales for weeks, but the day after Thanksgiving remains an incredibly important day for department stores, shopping malls, and merchants. Many shoppers browse and buy online, but brick and mortar stores still enjoy a surge in foot traffic this holiday weekend as bargain hunters look for deals. This year, there are five fewer days between Thanksgiving and Christmas.

Bolivia faces a shocking economic collapse

( ) -q-20- UNDATED (Correspondent Jeremy House) “food prices soaring.”

Across what was once South America’s second-largest producer of natural gas, everyone is searching for fuel.

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TAG: Correspondent Jeremy House reporting. Mounting public anger has sent crowds into the streets in recent weeks, piling pressure on leftist President Luis Arce to ease the suffering ahead of a tense presidential election next year.

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VERBATIM: Long lines of vehicles snake for several miles outside gas stations all over Bolivia. Some queues don’t budge for days. Bolivia’s fuel crunch follows a currency collapse that is increasingly disrupting economic activity and everyday life for millions of people, hurting commerce and farm production and sending food prices soaring.

South Korea’s central bank cuts key interest rate

( ) -v-32- UNDATED (Correspondent Jeremy House) “economic growth falters.”

South Korea’s central bank has lowered its key policy rate and says the country’s economy will grow at a slower pace than it initially anticipated. Correspondent Jeremy House reports

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VERBATIM: The Bank of Korea cut its benchmark interest rate by a quarter percentage point to 3% after policymakers met on Thursday. The bank lowered its outlook for the country’s economic growth to 2.2% from 2.4% for this year and to 1.9% from 2.1% for 2025. It was the second straight month that the bank took steps to lower borrowing costs, despite the lingering effects of high inflation and alarming levels of household debt, as economic growth falters…JH reporting.

Ohio Senator-Elect Moreno Vows To Rebuild Working Class

Ohio’s incoming senator, Bernie Moreno [R-OH] says rebuilding the middle class is critical not only to his state but to the overall U.S. economy, and even national security. He told the Salem Radio Network he’ll focus on rebuilding the U.S. auto industry once he’s sworn-in as part of the 119th Congress.

Senator Cotton Blasts Biden Pressure For Israel To Accept Ceasefire

U.S. jobless claims fall, hovering near 7-month lows

( ) -q-24- UNDATED (Correspondent Jeremy House) “land new jobs.”

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: Jobless claim applications fell by 2,000 to 213,000 for the week of November 23. However, continuing claims rose by 9,000 to 1.91 million for the week of November 16. While the number of new people applying for jobless aid each week remains at historically healthy levels, some who are receiving benefits are finding it harder to land new jobs.

US economy grows at 2.8% pace in Q3 on consumer spending

( ) -q-17- UNDATED (Correspondent Jeremy House) “last nine quarters.”

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: The Commerce Department reported that growth in U.S. gross domestic product slowed from the April-to-July rate of 3%. But the GDP report still showed that the American economy is proving surprisingly durable. Growth has topped 2% for eight of the last nine quarters.

EVs need a recharge as range limits, cost leave some drivers skeptical

( ) -q-24- UNDATED (Correspondent Jeremy House) “and the U.S.”

While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe.

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TAG: Correspondent Jeremy House reporting. China is the exception. Driven by government subsidies and mandates, vehicles with electric motors, including plug-in hybrids that combine electric and fossil fuel motors, topped 50% of sales in July.

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VERBATIM: Carmakers and governments have been struggling to meet years-old promises about affordability and charging stations. And consumers worried more about price and practicality are holding back where first-adopter climate warriors once piled in. Range, charging infrastructure and higher prices are sore points among both electric car enthusiasts and skeptics in Europe and the U.S.

Senate Panel Takes Aim At Airline “Junk” Fees

What Black Friday’s history tells us about holiday shopping in 2024

( ) -q-22- UNDATED (Correspondent Jeremy House) “and early offers.”

The holiday shopping season is about to reach full speed with Black Friday, which kicks off the post-Thanksgiving retail rush later this week.

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TAG: Correspondent Jeremy House reporting. Whether visiting stores or clicking on countless emails promising huge savings, tens of millions of U.S. shoppers are expected to spend money on Black Friday itself this year.

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VERBATIM: The annual sales event no longer creates the midnight mall crowds or doorbuster mayhem of recent decades. That’s due in large part due to the ease of online shopping and habits forged during the COVID-19 pandemic. Hoping to entice equivocating consumers, retailers already have spent weeks bombarding customers with ads and early offers.

What is the EU-Mercosur trade agreement and why does it matter?

( ) -q-25- UNDATED (Correspondent Jeremy House) “competition and desforestation.”

The E-U and the South American trade bloc Mercosur are working to finalize a trade deal that has been in negotiation for over 20 years.

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TAG: Correspondent Jeremy House reporting. Supporters like Germany and Brazil see the deal as a chance to boost trade and economic growth.

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VERBATIM: The agreement would create a vast free trade zone, reducing tariffs and trade barriers between the two regions. South American nations would gain better access to EU markets for agricultural exports while Europe would benefit from lower tariffs on industrial goods. The deal faces strong opposition from European farmers and environmental groups over concerns about unfair competition and deforestation.

Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans

( ) -q-20- UNDATED (Correspondent Jeremy House) “Trump takes office.”

Millions of obese Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare or Medicaid under a new rule proposed by the Biden.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: The proposal could cost taxpayers as much as $35 billion over the next decade. It would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some people have labeled them miracle drugs. The proposal would not be finalized until after President-elect Donald Trump takes office.

Senator Blocks Promotion For General In Charge Of Afghanistan withdrawal

Senate Deal Will Allow Trump To Fill Four Appellate Seats

Analyst Says GOP Breathing A Sigh Of Relief Over Gaetz Withdrawal

Jim Talent: For Trump, Ending War In Ukraine A Matter Of “Carrots and Sticks”

American Airlines’ new boarding tech might stop you at now over 100 airports

( ) -q-26- UNDATED (Correspondent Jeremy House) “wait their turn.”

Sneaking a little ahead of line to get on that plane faster? American Airlines might stop you.

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TAG: Correspondent Jeremy House reporting. The airline announced this technology is now being used in more than 100 U.S. airports that American flies out of. The official expansion arrives after successful tests in three of these locations.

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VERBATIM: In an apparent effort to reduce the headaches caused airport line cutting, American has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket ahead of their assigned group. This new software won’t accept a boarding pass before the group it’s assigned to is called. That means customers who get to the gate prematurely will be asked to go back and wait their turn.

US intelligence warns defense companies of Russian sabotage threat

( ) -q-23- UNDATED (Correspondent Jeremy House) “European defense companies.”

U.S. intelligence officials are warning American defense companies to increase their security after a wave of sabotage in Europe blamed on Russia.

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TAG: Correspondent Jeremy House reporting. Russia has denied the allegations.

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VERBATIM: The National Counterintelligence and Security Center has issued a public bulletin advising companies that work in the defense industry that Russia may seek to carry out acts of sabotage. It’s a part of Russia’s effort to undercut Ukraine’s allies. Western authorities say they believe Russian intelligence is behind several recent acts of sabotage targeting European defense companies.

Phillips 66 faces federal charges related to alleged Clean Water Act violations

( ) -q-21- UNDATED (Correspondent Jeremy House) “cooperating with prosecutors.”

Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California.

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TAG: Correspondent Jeremy House reporting. The U.S. Department of Justice announced the indictment on Thursday.

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VERBATIM: The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. A spokesperson for the company said it was cooperating with prosecutors.

Some GOP Senators Relieved As Gaetz Drops Bid For Attorney General

US applications for jobless benefits fall to 213,000

( ) -q-23- UNDATED (Correspondent Jeremy House) “in three years.”

The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows.

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TAG: Correspondent Jeremy House reporting. While the number of new people applying for jobless aid each week remains at historically healthy levels, some who are receiving benefits are finding it harder to land new jobs.

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VERBATIM: The Labor Department reports jobless claim applications fell by 6,000 to 213,000 for the week of November 16. That’s fewer than the 220,000 analysts forecast. However, continuing claims went up by 36,000 to 1.91 million for the week of November 9. That was higher than expected and the most in three years.

Australia will protect social media users’ personal details when child ban takes effect

( ) -v-33- UNDATED (Correspondent Jeremy House) “std.”

Legislation to create a world-first law banning children under 16 from social media has been introduced in Australia’s Parliament. Correspondent Jeremy House reports.

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VERBATIM: Australia’s Communications Minister Michelle Rowland said TikTok, Facebook, Snapchat, Reddit, X and Instagram are among the restricted platforms that could be fined up to $33 million for systemic failures to prevent young children from holding accounts. After the bill becomes law, the platforms would have one year to work out how to implement the age restriction. The ban has wide political support, but experts have raised concerns about the ban, including isolating young people who already have accounts…(JH reporting).

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips

( ) -q-24- UNDATED (Correspondent Jeremy House) “results in stride.”

Nvidia has reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust.

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TAG: Correspondent Jeremy House reporting. Nvidia’s high-flying stock is up 195% so far this year.

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VERBATIM: For the three months that ended October 27, the tech giant based in Santa Clara, California, posted revenue of $35.08 billion, up 94% from a year ago. It earned $19.31 billion in the quarter, more than double what it posted in last year’s third quarter. The results topped Wall Street estimates but investors took the results in stride.