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SYDNEY (AP) — A Sydney taekwondo instructor who murdered a family of three had been consumed by fantasies of Olympic glory and meetings with billionaires, a court heard Thursday.Prosecutors argued Kwang Kyung Yoo, 51, should never be released from prison after pleading guilty to murdering a 7-year-old student and the boy’s parents in February last year.A New South Wales Supreme Court judge will sentence Yoo on Dec. 16.State law prevents child victims of crime from being identified, so his parents also can’t be named.The killer and his three victims were all born in South Korea.Yoo had lied about meeting the…

The 2021-2023 inflation surge saw sudden and persistent increases in prices for consumer goods, housing and assets. Wage inflation also rose, but it lagged behind other inflation measures. When wages finally accelerated, the Fed began hiking rates to cool the economy, consistent with its longstanding view of wage inflation as a precursor to spiraling inflation and the need to suppress it. At first glance, the average weekly wage for the last two decades appears strong, often outpacing general inflation. Data from the Center for American Progress indicate that workers, especially lower-income workers, have seen real gains between the Covid-19 pandemic…

Nov 26, 2025, 09:19 PM ETAnd then there was one. With five games played, Arsenal are the only team in the UEFA Champions League with an unblemished record. The Gunners’ impressive 3-1 win over Bayern Munich on Wednesday saw to that, but what of the other results this week?What can we read into Chelsea’s confident 3-0 win over Barcelona? What does Liverpool’s 4-1 capitulation at the hands of PSV Eindhoven — at Anfield no less — mean for under-fire Reds boss Arne Slot? And what on Earth was Pep Guardiola thinking when he named a second-string squad to face Bayer…

QINGDAO, CHINA – FEBRUARY 05 2025: Workers assemble cars at a car plant of SAIC-GM-Wuling in Qingdao city in east China’s Shandong province Wednesday, Feb. 05, 2025. ZHANG JINGANG | Future Publishing | Getty Images Chinese industrial firms saw their earnings take a hit in October as trade tensions with the U.S. flared that month while broader growth momentum in the economy faltered. Industrial profits dropped 5.5% from a year earlier in October, the biggest decline since June, the National Bureau of Statistics data showed, reversing the double-digit growth seen in August and September. For the first ten months of…

A Netflix logo is on display at the Lucca Comics & Games 2025 event, one of Europe’s largest pop culture conventions, as stars and creators of “Stranger Things” series launch Season 5, in Lucca, Italy, October 31, 2025. Claudia Greco | ReutersNetflix viewers experienced a brief outage Wednesday night as the video streaming platform rolled out the long-awaited fifth and final season of “Stranger Things.””Some members briefly experienced an issue streaming on TV devices, but service recovered for all accounts within five minutes,” a Netflix spokesperson told CNBC.Users on social media earlier posted that they were experiencing issues, and DownDetector.com…

PARIS (AP) — President Emmanuel Macron will unveil a new national military service plan Thursday as France seeks to bolster its armed forces to address growing concerns over Russia’s threat to European nations beyond the war in Ukraine.Macron will stress the “need to prepare the nation for growing threats,” the president’s office said ahead of his visit to the Varces military base, in the French Alps.Earlier this year, Macron announced his intention to provide French youth with a new option to voluntarily serve in the military. Conscription, which France ended in 1996, is not being considered. France is seeking to…

WASHINGTON (AP) — The brazen daytime shooting of two National Guard members in the nation’s capital by a man authorities said is an Afghan national has raised multiple questions. That includes the condition of the wounded troops and details about the suspect and his motive for the attack a day before Thanksgiving.Here’s what we know so far, and what we don’t know:Condition of the National Guard membersFBI Director Kash Patel and Washington Mayor Muriel Bowser said the two Guard members were hospitalized in critical condition. They belong to the West Virginia National Guard, which deployed hundreds of troops to the…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 26, 2025. Brendan McDermid | Reuters Thanksgiving in the U.S. takes place on Thursday stateside, but the feasting might have begun a day early for investors. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all recorded a fourth straight day of gains. Shares of Oracle, which have been hobbling along in November after wiping out its one-day spike in September, advanced roughly 4% after Deutsche Bank said that its recent price pullback “presents an attractive entry point for investors when…

NEW YORK (AP) — Black Friday may no longer be the retail bacchanalia of years past, when the promise of one-time bargains caused people to leave Thanksgiving tables for malls where some customers got into fistfights over toys or TVs. But the event still has enough enthusiasts to make it the biggest shopping day in the U.S.For that reason, the day retains its crown as the official start of the holiday shopping season. This year’s kickoff comes as companies navigate an uncertain economic environment and wrestle with the volatility of President Donald Trump ‘s wide-ranging tariffs on imported goods. Many…

Nov 26, 2025, 06:59 PM ETLiverpool midfielder Curtis Jones blasted his team after a ninth defeat in 12 matches left head coach Arne Slot fighting for his future.Slot insisted he retained the support of the club’s hierarchy and was not worried about his job despite the 4-1 Champions League humiliation by PSV Eindhoven.Editor’s Picks2 RelatedIt is not just the results but the manner in which they losing: this was the first time in 72 years the club had lost three matches by a margin of three or more goals, having also been beaten by Nottingham Forest and Manchester City.”I don’t…