✈️ FAA will cut U.S. flights 10% as shutdown drags on
The Federal Aviation Administration said it will reduce air traffic by 10% across 40 high‑volume markets starting Friday as the U.S. government shutdown enters its second month. The cutbacks mean more delays and cancellations for travelers and shippers, adding pressure on Congress to end the standoff before the holiday rush.
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⚖️ Supreme Court signals doubt about Trump’s sweeping tariffs
Several justices, including conservatives, questioned whether a 1977 emergency‑powers law lets the president impose broad import taxes, hinting the Court may curb a central piece of Trump’s trade policy. A defeat could force changes to tariff tactics and spark fights over potential refunds, creating new uncertainty for businesses and prices.
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📉 U.S. layoffs surge to two-decade high in October
U.S. employers announced about 153,000 job cuts last month, the highest October total in more than 20 years, according to Challenger, Gray & Christmas, an outplacement firm, with tech and retail leading the cuts. It is one of the few labor readings available during the shutdown and suggests tighter budgets and slower hiring heading into the holidays.
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🌍 EU agrees 2040 climate target ahead of Brazil summit
European Union countries agreed to cut greenhouse‑gas emissions by 90% by 2040, giving the bloc a unified stance before COP30 talks in Belém, Brazil. The compromise keeps climate policy moving but drew resistance from some members and industry, setting up hard choices on how to deliver the cuts.
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🛢️ IEA says global oil demand will peak by 2029
The International Energy Agency forecast oil use will level off at about 105.6 million barrels a day by 2029, then begin to decline as electric vehicles and efficiency gains spread. If supply continues to grow faster than demand, producers could face a glut that pressures prices and budgets, especially for the U.S. and other major oil-producing countries.
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👋 Those are today’s News Vitals. This was written by AI with human oversight. We strive for accuracy, but mistakes can happen, so please double-check important info. See you next time.