US retail sales increased by 0.4% in December, slightly below estimates but still expected to boost fourth quarter GDP growth. The control group for retail sales surpassed estimates, rising by 0.7% month-over-month, indicating strong growth trends. Interactive Brokers Senior Economist José Torres discusses the data, highlighting the impact of volatile energy costs and potential risks from the Trump administration’s trade policies and labor issues on inflation and economic growth.
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Dem senator flies to El Salvador to visit deported migrant in prison, only to be denied
Sen. Chris Van Hollen's Attempt to Visit Deported Salvadoran Migrant Senator Chris Van Hollen (D-MD) was denied a visit with Kilmar Abrego Garcia, a 29-year-old Salvadoran migrant and alleged MS-13 member, after traveling to El Salvador. Van Hollen, whose attorneys argue Garcia has no gang ties, met with Vice President Félix Ulloa but was informed he needed prior arrangements to visit the maximum-security "Terrorism Confinement Center" (CECOT) where Garcia is held. The senator vowed to...
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