More signs of economic strength in the United States have emerged with jobless claims dropping to a seven-month low and sales of existing homes bouncing back strongly. Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended 16 November, which was lowest since April and slightly below expectations. This figure, showing the number people filing for unemployment insurance for the first time, is seen as an early indicator of job market trends and a sign of the health of the U.S. economy. However, continuing claims rose 36,000 to 1,908,000 in the week ended 9 November, somewhat above expectations, according to data from the Labor Department. Meanwhile, sales of existing homes sales rose to a seasonally adjusted 3.96 million units in October, 3.4% more than in September, the National Association of Realtors said in a statement. This was slightly above consensus expectations, according to Goldman Sachs. Sales rose 2.9% from one year ago, the first year-over-year increase in more than three years. The data measures sales and prices of existing single-family homes, including condominiums and co-operatives. "The worst of the downturn in home sales could
United States President-elect Donald Trump has nominated a replacement for controversial Republican congressman Matt Gaetz after he withdraw his nomination as Attorney General. Trump announced he planned to nominate former Florida Attorney General Pam Bondi as Attorney General. He said Bondi was tough on violent criminals as a prosecutor for nearly 20 years and, as Florida’s first female Attorney General, she worked to stop the trafficking of deadly drugs and reduce the tragedy of fentanyl overdose deaths. “For too long, the partisan Department of Justice has been weaponised against me and other Republicans - not anymore. Pam will refocus the DOJ to its intended purpose of fighting crime, and making America safe again," Trump wrote in a post on his Truth Social site. Earlier Gaetz wrote on social media site X that it was clear his confirmation was distracting the work of Trump and Vice-Presidential choice J.D. Vance‘s transition team. “I had excellent meetings with Senators yesterday,” Mr Gaetz wrote in the post on X, the social media site owned by another of Trump’s proposed cabinet members, Elon Musk. “I appreciate their thoughtful feedback — and the incredible support of so many. While the momentum was str
Russian President Vladimir Putin announced on Thursday that an experimental ballistic missile had been fired at a military site in the Ukrainian city of Dnipro. In a televised address, Putin framed the attack as a response to Ukraine's recent strikes on Russian targets using Western-supplied missiles, escalating tensions in the nearly three-year-long war. “We believe that we have the right to use our weapons against military facilities of the countries that allow to use their weapons against our facilities,” Putin said. The missile, named Oreshnik ("the hazel"), reportedly targeted the Yuzhmash military facility and was described as nuclear-capable. Putin warned Western nations, particularly the U.S. and U.K., that Russia reserves the right to retaliate against countries providing Ukraine with weaponry. U.S. and U.K. officials believe the missile fired was an intermediate-range ballistic missile (IRBM), capable of reaching Europe but not the U.S. Ukraine initially claimed the missile was intercontinental but later revised the statement, citing its flight characteristics as indicative of an ICBM. "Putin is using Ukraine as a testing ground," said Ukrainian President Volodymyr Zelenskyy, criticising the att
The International Criminal Court (ICC) has issued a warrant for the arrest of Israel’s Prime Minister, Benjamin Netanyahu. The country’s former defence minister Yoav Gallant and the Hamas military leader Mohammed Deif have also been issued warrants. All three have received the charges for alleged war crimes relating to ongoing war in Gaza. This marks the first time that any leaders of a democratic and Western-aligned state have been charged by the ICC. In their official statement regarding Gallant and Netanyahu the ICC wrote that the judges “found that there are reasonable grounds to believe that each has committed the war crime of using starvation as a method of warfare and crimes against humanity of murder, persecution, and other inhumane acts”. They also wrote that they had found reasonable grounds to believe Deif was also responsible for crimes against humanity and war crimes. However, Israel has previously claimed to have killed Deif in an airstrike back in July, and the pre-trial chamber said it would “continue to gather information” to confirm this. The court was established 22 years ago when 124 countries signed the Rome statute and Netanyahu and Gallant now risk arrest if they
Shares in embattled logistics software company WiseTech Global plunged after it lowered expectations of revenue and profits for the current financial year due to the delayed release of a new product, which it blamed on the media and internal changes. At 11.30am (AEDT) WiseTech (ASX:WTC) shares were trading at $123.15, down $15.78 or 11.4%, after trading between $112.12 and $126.59, and capitalising the company at $46.5 billion. The company earlier updated its guidance for financial results in the financial year to 30 June 2025 (FY25), which were originally announced to the market at its FY24 results on 21 August 2024. WiseTech said Interim CEO Andrew Cartledge and the Board, in consultation with founder Richard White, had reviewed the progress of ‘breakthrough products’ including Container Transport Optimization since 24 October, when Cartledge was appointed. “As a result of distractions flowing from the recent media attention and the organizational changes that have subsequently been implemented, the commercial launch of Container Transport Optimization has been delayed,” the company said in an announcement to the Australian Securities Exchange (ASX). “It is now expected to launch in the second half of FY25, re
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At the northernmost point of the Australian mainland and last frontier lies Utingu, an 88-hectare oceanfront property on freehold land. This secluded and unspoiled natural habitat provides access to u...
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Real estateUnit 8/48-55 Sir Leslie Thiess Dr, Townsville City QLD 4810, Australia
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Gateway to the Great Barrier Reef, Presiding over an Extraordinary 1243sqm Marina-View Allotment In the pursuit of property perfection, this magnificent waterfront masterpiece reigns supreme. Posit...
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