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Looking ahead, the debate surrounding "moderately loose" monetary policy is likely to intensify as central banks grapple with the complexities of a post-pandemic recovery and evolving economic landscape. While the adoption of such a policy stance may provide a temporary boost to growth and inflation, it also poses significant risks in terms of financial stability and long-term sustainability. As policymakers navigate these challenges, striking the right balance between supporting economic recovery and safeguarding against potential risks will be paramount in shaping the future of monetary policy.
Oprah Winfrey surprises Gayle King again for her birthday with unexpected A-list guest Have YOU got a story? Email tips@dailymail.com By CHRISTINE RENDON and KELLY GARINO FOR DAILYMAIL.COM Published: 00:04 GMT, 30 December 2024 | Updated: 00:34 GMT, 30 December 2024 e-mail 11 View comments Gayle King 's birthday celebrations continued this weekend with another surprise from her BFF Oprah Winfrey. King was celebrating her 70th birthday on Saturday with friends and family before a surprise guest entered the room - Tyler Perry . 'Someone came to see you,' Oprah , 70, who last weekend threw Gayle a surprise birthday, said, prompting a shocked King to shout and clutch her chest in shock. Perry, 55, playfully scolded Oprah, telling her she needs to 'stop scaring' her friend, before he pulled Gayle in for a warm hug. Oprah, who recently apologized to Gayle for nearly giving her a 'heart attack' after throwing her a surprise birthday party, promised fans she was done shocking her bestie. '@gayleking’s actual birthday was yesterday December 28 and @tylerperry surprised her for dinner. I’m done with surprises for her after this! Promise,' she captioned the post. Gayle King's birthday celebrations continued this weekend with another surprise from her BFF Oprah Winfrey Oprah surprised her pal by inviting Tyler Perry over for her birthday dinner It comes several weeks after King, the star personality at CBS News and editor for Oprah Daily , unknowingly walked into her own early birthday celebration. The internet got a sneak peek into the night after Lauren Sánchez - the 54-year-old former new anchor engaged to Amazon founder Jeff Bezos - shared two posts with her followers on social media. In a video posted to Sánchez's Instagram Stories, at least 100 people were seen standing side-by-side in a posh lounge as they sang 'happy birthday' to the beloved CBS Mornings co-host. 'Happy surprise birthday @gayleking, @Oprah you pulled it off,' the caption read, accompanied by a smiley face and red heart emoji. But it wouldn't be a true birthday party without a few tequila shots. Sánchez captured a photo of a wooden, four-level bar cart topped tequila shots dressed with a lime for the taking. Behind the 1.5-ounce glasses stood a small cartoon cut-out of King wearing a yellow dress with a martini in hand. Perry, 55, playfully scolded Oprah, telling her she needs to 'stop scaring' her friend, before he pulled Gayle in for a warm hug After she was sung happy birthday by friends and family, King was floored by the arrival of the unexpected visitor In a video that Oprah shared to Instagram earlier this month, King can be seen in a teal, three-quarter sleeve maxi dress as she walked alongside and chatted with the legendary talk show host - blissfully unaware of the group of familiar faces just ahead of her The cartoon King was attached to a little pink banner that read: 'Let's Toast To Gayle!' Thankfully, Oprah delivered the one moment the internet wanted to see - Gayle unknowingly walking into her own party. In the video that was shared to Instagram early Saturday afternoon, King can be seen in a teal, three-quarter sleeve maxi dress paired with matching heels as she walked alongside the legendary talk show host, who was wearing a mustard-yellow jumpsuit. King and Oprah were captured chatting as they headed through the lounge - all while King appeared to be oblivious to the large group of familiar faces just ahead of her. But a second later, the crowd can be heard loudly screaming 'surprise!' - sending obvious shock waves through the birthday girl. She was so startled that she dropped her bag on the table next to her while simultaneously taking a few steps back and clutching both hands to her heart. The party-goers continued cheering for King, whose mouth was still dropped in shock, as she looked around at all the people gathered directly in front of her. A second later, the crowd can be heard loudly screaming 'surprise!' - sending obvious shock waves through the birthday girl as she appeared to nearly jump out of her skin The party-goers continued to cheer for King even after her initial arrival The lavish surprise birthday bash appeared to even feature a photo booth where guests could strike their best poses Her arrival prompted the happy birthday song, which prompted an emotional reaction from King who held her hands over her mouth. 'My bestie of 50 years is turning 70 so we gathered everyone that loved her to celebrate,' Oprah wrote in the caption of the video. 'Hard thing to surprise her.' 'Oh, the stories we have made up, the lies we have told to keep this a secret,' she added. 'Happy birthday @gayleking, sorry we almost gave you a heart attack.' Earlier this year, Oprah marked the same milestone birthday, despite the celebration being much more low-key. She spent her winter-season birthday with a jog on the beach - documenting the moment to Instagram where she hash-tagged: #healthisthebestgift. King celebrated the big day by posting a precious video that captured the mogul spending some quality time with King's grandson during a getaway vacation. 'Happy to say at 70 @oprah is still a very good reader!' King wrote in the caption. 'While Favorite grandson Luca is too young to understand how special this moment was during Christmas vacation, it's not lost on me.' Lauren Sánchez - the 54-year-old media personality who is engaged to the billionaire Amazon founder - shared two posts with her followers on Instagram that gave a little sneak peek into the night Sánchez shared a post of a bar cart stocked with tequila shots dressed with a lime for the taking Many familiar Hollywood faces were spotted at the event In a video posted to Sánchez's Instagram story, at least 100 people were seen standing side-by-side in a posh lounge as they sang 'happy birthday' to the beloved CBS Mornings co-host 'When asked how she wanted to spend her birthday, she said, "No gifts, no parties, no surprises!"', King added. 'Her preference was to sit by the fire with a good book and savor the fragrance of her life! Happy birthday Oprah!' Little did King know that her bestie would celebrate her birthday with the same things she denied for herself eleven months prior. It's definitely safe to say that King's 70th birthday will be one that she'll never forget. 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Avoid Duration Bets Like LQDChina's policymakers are set to take a more proactive approach to macroeconomic policies in the year ahead, aiming to tackle both short-term challenges arising from lackluster demand and structural issues, said economists. Citing the recently concluded Central Economic Work Conference, they said the country is fine-tuning its macroeconomic strategy, marking a significant shift toward a consumption-driven economy as it prepares for expansionary fiscal and monetary policies in 2025. "The deficit ratio for 2025 is likely to be the highest on record," said Xiong Yuan, chief economist at Guosheng Securities, anticipating that the government would set the projected deficit-to-GDP ratio for 2025 at 3.5-4 percent or higher in March, up from 3 percent for this year. The Chinese government started to release the annual projected deficit ratio in 2010, with the highest reading in 2020 at 3.6 percent as COVID-19 hit, according to market tracker Wind Info. Xiong said next year's quota of special local government bonds is expected to increase to more than 4.5 trillion yuan ($616.5 billion) from a record high of 3.9 trillion yuan this year, in addition to special treasury bonds of over 2 to 3 trillion yuan in 2025, up from 1 trillion yuan for 2024. Xiong's remarks came as the Central Economic Work Conference held in December pledged to implement more proactive and effective macroeconomic policies, boost domestic demand, drive the integration of sci-tech innovation and industrial innovation, and stabilize the real estate sector and stock markets. The nation will maintain basic equilibrium in the balance of payments and better synchronize the income growth of households and economic expansion, according to the meeting. "While promoting industrial sectors was the top task last year, expanding domestic demand is in the top spot this year," said Lu Ting, chief China economist at Nomura. Lu said that the conference called for more specific measures to support consumption, including increasing basic pension payments, raising fiscal subsidies for basic medical insurance and developing policies to boost fertility. "Overall, the conference adds support to our relatively optimistic view on fiscal policies in 2025 and our view that Beijing may stick to the 'around 5 percent' GDP growth target in 2025," he said. According to the conference, policymakers pledged to roll out more initiatives to boost consumption, including greater strides in equipment upgrades and consumer goods trade-in programs. Looking forward, Lu said policymakers might consider an increase in spending on social security for lower-income households and encouraging childbirth. "We especially expect policymakers to significantly increase payments to those rural pensioners (55 percent of total pensioners) whose average monthly pension income is only 225 yuan," he said. "They may also increase financial support for families with a second or third child. And they may also waive part of the annual 400 yuan fee on basic medical insurance for low-income individuals." As the conference reiterated a "more proactive fiscal policy", Lu said his team forecasts a total of 3.6 trillion yuan in incremental borrowing for 2025 versus 2024, or around 2.6 percent of GDP. "We expect the official deficit ratio to be raised from 3 percent this year to 4 percent next year," he said. "We expect net financing from central government special bonds to be raised to 1.5 trillion yuan from 1 trillion yuan in 2024." Regarding local government special bonds, Lu said his teams expect a small increase to 4.5 trillion yuan in 2024. Echoing the meeting of the Political Bureau of the Communist Party of China Central Committee held earlier this month, the Central Economic Work Conference statement vowed to conduct "moderately accommodative" monetary policy, switching away from a "prudent" monetary policy for the past 14 years. "The use of words 'moderately accommodative' for monetary policy is the first time since the meeting of the Political Bureau of the CPC Central Committee in July 2010, when China was still dealing with the aftermath of the global financial crisis," Lu added. "The readout emphasizes the dual roles of aggregate and structural monetary policy instruments, leaving room for potential incremental policies from these People's Bank of China structural facilities." The Central Economic Work Conference also promises to launch policy rate cuts and reserve requirement ratio cuts in a timely manner or whenever it is deemed appropriate, maintaining sufficient liquidity, leading the growth rate of aggregate financing and monetary supply to be mostly aligned with the expected targets of economic growth and price inflation. "The focus on the policy rate and RRR cuts is consistent with our view, as we forecast two rounds of policy rate cuts in the first quarter and second quarter of 2025, respectively, and one 50-basis-point RRR cut before end-2024 and two 50-basis-points RRR cuts in 2025," Lu said. With the help of a raft of government measures aimed at stimulating domestic demand and stabilizing growth in the second half of this year, China's economy showed sustained recovery with the latest economic indicators pointing to green shoots of a steady rebound heading into 2025. Data released by the National Bureau of Statistics showed that China's value-added industrial output grew 5.4 percent year-on-year in November, up from a 5.3 percent rise in the previous month. "This improvement reflects the impact of a series of incremental policy measures that have bolstered market confidence and supported demand recovery," said Wang Qing, chief macroeconomic analyst at Golden Credit Rating International. Looking ahead, Wang believes that the demand for consumption and investment will continue to pick up amid a series of stimulus measures, driving strong growth in industrial production. "Industrial production growth will remain robust in December, likely in the range of 5 percent to 6 percent." NBS data showed that the growth of retail sales slowed to 3 percent year-on-year in November from 4.8 percent in October, while fixed-asset investment saw 3.3 percent year-on-year growth during the January-November period, down from 3.4 percent in the first 10 months. Wang said the growth rate of retail sales slowed in November, as this year's "Double 11" shopping festival presale started earlier, shifting some consumer demand from November to October. With consumption-boosting policies taking effect gradually and the gradual improvement in consumer sentiment, Wang estimated retail sales to grow around 4.5 percent year-on-year in December. "We anticipate that in 2025, policy measures to stimulate consumption will be further ramped up," he said. Among these measures, Wang said the country may fund a 600 billion yuan tradein deal for consumer goods to spark household demand, and the range of subsidized products is likely to expand to include consumer electronics, home furnishings, and other durable goods. Meanwhile, he believes fiscal support for childbirth might be piloted next year, such as one-time or monthly subsidies for families with newborns, with the support scale potentially reaching 100 billion yuan. "There may also be a nationwide issuance of consumption vouchers and subsidies in 2025, which would expand the scope of consumption stimulation from durable goods to include general merchandise and service consumption," he said. "This reflects an important shift in the current macroeconomic policy direction, where the previous countercyclical investment policies with a key emphasis on investment are now shifting toward a more balanced approach, prioritizing both consumption and investment, with an increased focus on consumption."Equal on points with Bayern just three matchdays ago, Leipzig have since lost two and drawn one to sit eight points behind the league leaders. Hoffenheim came from a goal down to equalise three times and took the lead with four minutes remaining in a wild debut for new manager Christian Ilzer. Hoffenheim’s Adam Hlozek collected a brace while Tom Bischof scored a clever free-kick and Jacob Bruun Larsen was responsible for the winner in the 86th minute. Leipzig’s efforts came through Willi Orban, Antonio Nusa and an own goal from Hoffenheim’s Stanley N’Soki. The team from eastern Germany had only conceded five goals in the league season before Saturday’s defeat. “We’re incredibly disappointed. We went ahead three times and lost in the end, that really hurts,” Leipzig’s Christoph Baumgartner told Sky. Mario Goetze, the hero of Germany’s 2014 World Cup win, scored in his 100th Frankfurt game as his side beat Werder Bremen 1-0 to continue their impressive league form and move two points ahead of Leipzig in second. Goetze’s 45th-minute goal, blasted in from near the penalty spot, was set up by a delicate pass from French striker Hugo Ekitike, his sixth assist of the league campaign. A “happy and proud” Frankfurt captain Kevin Trapp said “Leipzig’s loss gave us some good momentum”. As chants of “German champions, it can only be Frankfurt” rung out, Trapp tried to downplay expectations. “First spot is far away but we’ll take the euphoria and self-confidence with us — it can only do us good.” Borussia Dortmund beat Freiburg 4-0 at home thanks to goals from Maximilian Beier, Felix Nmecha, Julian Brandt and Jamie Gittens, while the visitors finished with nine men. Under fire and sitting outside the European spots coming into the match, Dortmund’s one saving grace this league campaign has been their home form, with five wins from five. “It’s a special place here, with the fans behind you,” Brandt told Sky, with an eye on next week’s home clash with Bayern. “That’ll be a sensational game.” The hosts got on track early, when Beier, who scored a double for Germany’s Under-21s against France this week, opened the scoring seven minutes in. Midfielder Nmecha, who netted for Germany’s senior side in their 1-1 draw in Hungary midweek, added a second with a superb long-range effort. Freiburg’s hopes of a comeback were snuffed out after 63 minutes when Patrick Osterhage picked up a second yellow card for a rough tussle with Marcel Sabitzer. From the ensuing free-kick, Dortmund’s Brandt curled the ball home and England winger Gittens bent in a fourth to seal the win. Freiburg’s Junior Adamu received a straight red for striking Dortmund’s Waldemar Anton in stoppage time, reducing his side to nine men. Dortmund have now won their past six against Freiburg, scoring 24 and conceding five. Defending champions Bayer Leverkusen came from two goals down to win 5-2 at home against Heidenheim thanks to a hat-trick from Patrik Schick. Heidenheim, who host Chelsea in the Conference League on Thursday, were two goals up within 21 minutes, with Niklas Dorsch and Mathias Honsak taking advantage of some sleepy defending. Argentine World Cup winner Exequiel Palacios pulled one back on the half-hour mark before Schick scored three unanswered goals to wrestle back control of the match, before Granit Xhaka added a fifth. Xhaka told Sky: “Patrik is a striker who has needed to be patient, but when you need him, he’s there. “He doesn’t need that many chances.” Last season’s runners-up Stuttgart scored two second-half goals through Chris Fuehrich and Justin Diehl to win 2-0 at home over bottom club Bochum, who have just two points from 11 games this season. Elsewhere, Ridle Baku scored the only goal as Wolfsburg defeated Union Berlin 1-0 at home.No. 1 South Carolina women stunned by fifth-ranked UCLA 77-62, ending Gamecocks' 43-game win streak
Pitt QB Eli Holstein carted off with leg injuryTexans get visit from longtime foe Derrick Henry when the Ravens visit on Christmas Day
American Airlines has cut some international flights from major US airports next year and delayed others, blaming Boeing for the hold up. A number of new long-haul routes can’t go ahead yet because Boeing’s 787 Dreamliner jets are delayed, The Points Guy first reported . “As a result of ongoing Boeing 787 delivery delays, American is adjusting service on certain routes in spring 2025 to ensure we are able to re-accommodate customers on affected flights,” the airline said in a statement. “We’ll be proactively reaching out to our impacted customers to offer alternate travel arrangements and remain committed to mitigating the impact of these Boeing delays while continuing to offer a comprehensive global network.” American Airlines is awaiting delivery of 25 of the 787 Dreamline jets, according to Boeing orders and delivery figures . American Airlines services between Miami International Airport and Ministro Pistarini International Airport, near Buenos Aires, are being cut from three daily to two. Flights from Chicago O’Hare International Airport to Paris Charles De Gaulle have been on hold since September and won’t be restarting until May. They were scheduled to resume in April. At Miami, flights to the Parisian airport will be temporarily suspended in May. The airline stressed that routes to the destinations would not be canceled due to Boeing delays, but the flights would be starting later than planned. The Independent has contacted Boeing for comment. This morning American Airlines grounded its flights for around an hour across the U.S. on Christmas Eve amid one of the busiest travel periods of the year. The technology issue impacted systems needed to release flights, causing a ground stop that lasted approximately one hour. The Federal Aviation Administration (FAA) posted a nationwide groundstop order for all American flights at the request of the airline, an advisory notice shows, which has since been lifted. Passengers aired their woes on social media about the delays to their Christmas Eve travel plans due to the temporary halting of American Airlines flights. One X user wrote that they had been required to deplane at Pittsburgh International Airport, to which the airline responded: “We’re doing our best to get things back on track. Please accept our sincere apologies for any inconvenience this has caused.” Another passenger wrote: “Heck of way to start Christmas. Hey, American Airlines just tell us whether we should go home or not. Please don’t make us wait in the airport for hours.” A video posted from Fort Lauderdale-Hollywood International Airport showed a large crowd waiting in the gate area with an announcer saying that its “system is down” so they could not get the crew on the plane nor board any customers. FlightRadar24, a flight data tracking site, said on X that while the ground stop has now been canceled, “it will take some time for flights to get back to normal.” It added that there are 420 active American Airlines flights as of 8:32 a.m., whereas at the same time last week, there were 620.
By limiting the number of devices that can be logged in at the same time, Tencent Video is taking a proactive approach to prevent unauthorized access to accounts and deter users from engaging in account sharing practices. This not only helps protect the interests of the platform and its content creators but also ensures that paying members receive the value and quality they deserve.