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‘We are now firmly back in a good is bad/bad is good regime’: Weak job data may lead to more rate cuts and boost stocks, Morgan Stanley economist says

Ahead of the highly anticipated November jobs data to be released this week, even lackluster numbers may be greeted with relief by Wall Street. A moderately cooling labor market could increase the likelihood of more rate cuts by the Federal Reserve—a tantalizing prospect for many investors eying future earnings growth—fueling bullish behaviors in the stock…

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Governments and rights groups condemn conviction of Hong Kong activist Jimmy Lai | Jimmy Lai

Governments, institutions and rights groups across the world have condemned the conviction of the former pro-democracy media tycoon and British citizen Jimmy Lai in Hong Kong on national security charges. The 78-year-old was found guilty in West Kowloon district court on Monday of one count of conspiracy to publish seditious publications and two counts of…

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Court battle begins over Republican challenge to California’s Prop. 50

Republicans and Democrats square off in court Monday in a high-stakes battle over the fate of California’s Proposition 50, which reconfigures the state’s congressional districts and could ultimately help determine which party controls the U.S. House in the 2026 midterms. Dozens of California politicians and Sacramento insiders — from GOP Assembly members to Democratic redistricting…

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