EUR/USD is pulling back from highs above 1. 1600, but keeps most of its weekly gains, trading at 1. 1585 at the time of writing on Thursday. Growing confidence that the Federal Reserve will ease its monetary policy further over the coming months is weighing on the US Dollar, while hopes of a peace deal between Russia and Ukraine have supported the common currency this week. Economic data released on Wednesday revealed a larger-than-expected increase in US Durable Goods Orders and a decline in weekly Initial Jobless Claims, but that did not alter the view that the US central bank will cut rates by 25 basis points after their December meeting. Beyond that, rumours that White House National Economic Council Director Kevin Hassett an open dove will replace Jerome Powell as Fed Chair after the end of his term in May, cement hopes that the bank will cut rates at least two or three more times in 2026. Trading volumes are expected to remain subdued on Thursday, with US markets closed for the Thanksgiving bank holiday. During the European session, however, the Eurozone’s Consumer Confidence index and the minutes of the European Central Bank’s latest monetary policy meeting might provide some guidance for the Euro (EUR). Monetary policy divergence is weighing on the US Dollar While most of the world’s major central banks are at the end of their easing cycles, the Fed is widely expected to cut interest rates by at least a full point in the next 12 months. Unless this context changes radically, prospects of a lower yield are likely to weigh heavily on speculative demand for the US Dollar. On the macroeconomic front, December’s German GfK Consumer Confidence Survey has shown a moderate improvement to -23. 2, from -24. 1 in November. The impact on the Euro, however, has been marginal. On Wednesday, US Durable Goods Orders data showed a 0. 5% growth in September, following an upwardly revised 3% growth in August, and beating expectations of a 0. 3% increase. Excluding transportation, orders for all other products grew 0. 6%, higher than the 0. 2% market consensus. Apart from that, weekly US Initial Jobless Claims declined to a seven-month low of 216, 000 in the week of November 22, from 222, 000 in the previous week, against expectations of a moderate increase to 225, 000 claims. The focus on Thursday will be on the Eurozone’s final Consumer Confidence Index, which is expected to confirm a -14. 2 reading in November, unchanged from October. Later in the day, the ECB will release the minutes of its October 30 monetary policy meeting, when the central bank’s committee agreed to keep its benchmark interest rate unchanged at the 2. 0% level. Technical Analysis: EUR/USD met resistance above 1. 1600 The EUR/USD pair is on a bullish trend from the 1. 1500 area, but the top of the descending channel from early October highs, now around 1. 1620, is likely to pose a significant resistance for Euro bulls. Technical indicators are positive, the 4-hour Relative Strength Index (RSI) is trading near the 60 level, and the Moving Average Convergence Divergence (MACD) keeps trending higher above the zero line. Bulls, however, will have to breach trendline resistance above the mentioned 1. 1620 to confirm a trend shift and aim towards the October 28 and 29 highs, near 1. 1670, and the October 17 high, near 1. 1730. On the downside, immediate support is at the previous resistance level of 1. 1550 (around November 21 and 24 highs). Further down, the 1. 1500 psychological level and the November 5 lows, near 1. 1470, will provide support before the channel bottom, now around 1. 1420.
https://bitcoinethereumnews.com/finance/eur-usd-eases-from-weekly-highs-as-the-us-dollar-picks-up/
Tag Archives: transportation
Interstate 5 drivers can expect record-breaking travel, increased CHP presence over Thanksgiving
Commuters on Interstate 5 this week may have noticed a significant uptick in traffic over the past few days. California Highway Patrol officials said that they’re expecting more traffic on the I-5 this week as motorists travel for the Thanksgiving holiday. CHP has designated the period between 6 p. m. Tuesday to Sunday at midnight as a Holiday Enforcement Period, or a period of increased presence on the road in the midst of higher travel activity. The holiday weekend also overlaps with one of CHP’s Maximum Enforcement Periods this year, said Officer Carlos Burgos-Lopez, a spokesman for the CHP’s Newhall-area Office. “During the HAPs and MAPs release last week that it projected local residents would be traveling in record-breaking numbers during the Thanksgiving holiday period. “(Auto Club) projects 6. 78 million local residents will travel 50 miles or Out of those 6. 78 million travelers, 5. 88 million of them are expected to be traveling by car, according to the release, a 2. 7% increase over Auto Club’s 2024 car travel numbers. Burgos-Lopez said CHP officers will be focusing on DUIs and assisting disabled motorists, and that motorists should keep the expected holiday travel conditions in mind. “Just be aware that it’s obviously a travel time of the year for Thanksgiving and Christmas. They’re going to come across a lot more traffic than expected,” Burgos-Lopez said. Officer Erik Larsen with CHP Traffic Management confirmed that there were no wind advisories, upcoming California Department of Transportation closures or rain expected in the Santa Clarita Valley corridor during the Thanksgiving travel period.
https://signalscv.com/2025/11/interstate-5-drivers-can-expect-record-breaking-travel-increased-chp-presence-over-thanksgiving/
Legacy of Mayor Marilyn Hatley
On Thursday, November 20, 2025, the City of North Myrtle Beach honored Mayor Marilyn Hatley for nearly three decades of devoted leadership at the forefront of the City of North Myrtle Beach. “We are deeply grateful to have been guided by such a strong, visionary woman-both on City Council and as our Mayor.” “Her strength, compassion and unwavering commitment have shaped North Myrtle Beach for the better, creating a lasting impact on residents and visitors alike.” “Mayor Hatley, thank you for 29 years of exceptional service.” “City legacy projects she has played important roles in”: “Beach Preservation: Mayor Marilyn Hatley created a pivotal movement when it came to making the North Strand beaches healthy and beautiful. She also served and was the leading pioneer behind the South Carolina Beach Advocates, along with Mayor Goodwin in Folly Beach, South Carolina.” “North Myrtle Beach Park and Sports Complex: Mayor Hatley also played a massive role in helping to advocate for an expansion to the Park and Sports Complex. The city dedicated $36 million toward the first part of the expansion, including six new baseball/softball fields and multipurpose fields (soccer, lacrosse, etc.).” “North Myrtle Beach Aquatic and Fitness Center: Mayor Hatley was the movement behind creating the notable Aquatic and Fitness Center in North Myrtle Beach. She fought relentlessly to make the Fitness Center what it is today, and was also a leading part of the expansion that will be taking place in 2026. She cared for members, residents and those looking to move to the city to have something for everyone to stay fit and healthy.” “Robert Edge Parkway Bridge: A vital connection that improved and eased traffic in North Myrtle Beach is another one of Mayor Hatley’s greatest legacy accomplishments. This is considered one of the busiest in North Myrtle Beach, with a 2023 South Carolina Department of Transportation study showing the daily count at 44, 900 vehicles a day.”.
https://www.nmbtimes.com/legacy-of-mayor-marilyn-hatley/
America Is Finally Falling in Love With Amtrak. The Tracks Can’t Keep Up
As millions of Americans crowd highways and airports this Thanksgiving week, Amtrak is enjoying an unexpected surge: a record 36. 2 million passengers in fiscal year 2025, up a remarkable 10 percent from the year prior. The company calls it a “historic milestone” for U. S. public transportation. “These results show what’s possible when we lead with purpose,” Amtrak President Roger Harris said in a statement shared with Newsweek. But while ridership is surging, the country’s aging rail infrastructure remains far from ready to meet the demand. Amtrak’s popularity spike comes as the broader travel industry cools. According to the 2025 Deloitte Holiday Travel Survey, more than half of Americans plan to travel between Thanksgiving and early January, the highest intent in five years, but they’re spending less overall. Average trip budgets are down 18 percent, and many travelers are choosing to drive or take the train instead of flying to save money. That shift is benefiting Amtrak, whose fares are typically lower than airfare on short routes and appeal to cost-conscious travelers tired of packed airports and rising ticket prices. “These numbers show that Americans want more train travel, not less,” Amtrak CEO Stephen Gardner said. Yet as more travelers rediscover rail, experts warn the U. S. lacks the infrastructure needed to sustain that momentum, to say nothing of the political will. John Robert Smith, former chairman of Amtrak’s board and longtime chair of Transportation for America, said the country’s failure to modernize its rail network stems from decades of policy neglect. “National leaders often ask why we can’t have passenger rail service like Europe or Asia,” Smith told Newsweek. “The simple answer is that those governments chose to invest in passenger rail as a vital form of connectivity. In this country, we haven’t done that.” Smith, who also served as mayor of Meridian, Mississippi, recalled that when he joined the Amtrak board in 2002, “the U. S. was spending more money collecting roadkill from highways than on the entire national passenger rail system.” The result, he said, is a “highway-centric nation” that never matched that investment with comparable support for rail. America’s Rail Gap Is Widening That imbalance has left the U. S. far behind its global peers. China has built more than 25, 000 miles of high-speed rail since 2008, while France’s TGV network regularly runs trains above 180 mph. By contrast, no Amtrak line meets international high-speed standards. A May 2025 Bechtel Group report said the U. S. has struggled to advance high-speed rail because of inconsistent funding, slow and fragmented permitting, complex land acquisition, and delivery systems that have not kept pace with the scale of the projects. “We’ve been trying to develop high-speed rail in the U. S. for a long time. We have not really succeeded,” said Eric Goldwyn, a transportation and land-use professor at NYU’s Marron Institute, in comments to the outlet SmartCitiesDive. “The biggest barrier has been funding.” Funding has long defined the modern Amtrak era. Joe Biden’s 2021 Bipartisan Infrastructure Law allocated $66 billion for rail the largest federal investment since Amtrak’s founding in 1971. But four years later, much of the money remains tied up in planning, permitting and negotiations with states and private freight owners. According to the Federal Railroad Administration, fewer than a dozen major rail projects have moved beyond preliminary design, and only a small number, such as the Gateway Tunnel between New York and New Jersey and parts of the Chicago Hub Improvement Program, have broken ground. (The Trump administration said it was shutting down Gateway because it was a “Democrat project,” despite the infrastructure improvements being critical for the nation’s biggest economy.) Smith said the uneven progress illustrates a larger issue. “We made a historic promise with the infrastructure bill, but we haven’t matched it with the urgency or coordination it demands,” he said. “The money is there, but the willpower to execute at scale is not. Until we treat rail as essential infrastructure like highways or airports we will keep falling behind our global peers.” Meanwhile, expectations are shifting. The Deloitte survey found that Generation Z and millennials now make up half of all U. S. holiday travelers, a generational change that is reshaping not only where Americans go but how they get there. Younger travelers are gravitating toward more affordable, lower-carbon options and increasingly see rail as a convenient, environmentally friendly alternative. Momentum Is Growing Last year, 1. 2 million people traveled by train for Thanksgiving, far fewer than the roughly 18 million who flew, but experts say the trend line is changing. Amtrak’s bookings for the 2025 holiday season are already up by double digits compared with last year, with Northeast Corridor routes selling out days ahead. “People are rediscovering something that should never have been forgotten,” Smith said. “Rail connects people in a way that air travel never will. It ties communities together.” For Amtrak and rail advocates, the ridership boom is both a warning and an opportunity. Air travel continues to deteriorate, and federal data shows consumer complaints against U. S. airlines hit a record high in 2024. Rail is becoming increasingly attractive as a result. “If Amtrak’s success this year shows anything, it’s that demand is not the issue,” Smith said. “We’ve reached a point where people want the train, but the infrastructure to support them is not there yet.” Amtrak officials say the gap is starting to narrow. The company has committed more than $22 billion in federal infrastructure funds to replace aging bridges, tunnels and trainsets as part of a sweeping modernization plan focused on long-distance service and its busiest corridors. One early win has emerged along the Gulf Coast, where Amtrak’s restored service between New Orleans and Mobile has exceeded expectations, doubling and in some cases tripling early ridership and revenue projections. Smith called the route “a bellwether for what passenger rail can become nationwide, not just for mobility but for economic development in every town it serves.” What Comes Next for Amtrak Although previous administrations have faced criticism for slow progress on rail modernization, there is growing agreement that Amtrak’s survival and its recent growth rest on a rare source of political unity. Earlier this year, the Trump administration’s fiscal 2026 transportation budget proposed flat funding for Amtrak at about $2. 4 billion. Rail advocates described it as a continued commitment to the national network. The plan increases support for long-distance routes while reducing federal assistance for the critical Northeast Corridor, a shift officials say reflects stronger revenue on that corridor after record ticket sales. “After decades of cuts and uncertainty, even flat funding is a sign of bipartisan recognition that rail matters,” said Jim Mathews, president and CEO of the Rail Passengers Association. “With predictable investment, trains can give Americans a safer and more efficient travel alternative to congested roads and highways.” Transportation advocates see that as evidence of momentum increasingly crossing party lines. “We’re seeing a growing bipartisan recognition that rail is an important piece of the U. S. transportation network,” Mathews said. For Smith, the lesson is straightforward: Americans have decided they want passenger rail. The question now is whether Washington will meet that demand. “We’re finally at a point where people want the train,” he said. “The next question is whether we will build the country to match that demand.”.
https://www.newsweek.com/america-is-finally-falling-in-love-with-amtrak-the-tracks-cant-keep-up-11110010
The US economy added 119,000 jobs in September, but unemployment rose to a nearly four-year high
(CNN) A long-awaited jobs report offered a mixed picture of the US labor market. The economy added 119, 000 jobs in September, an unexpected rebound for the labor market but it comes as the overall economy shows signs of slowing. Economists were expecting 50, 000 jobs to have been added and an unemployment rate that remained at 4. 3%, according to FactSet. Delayed for seven weeks due to the government shutdown, the latest snapshot of America’s job market showed that unemployment rose in September to the highest level in nearly four years. In addition, August’s tepid job gains of 22, 000 were revised to a job loss of 4, 000 jobs and July was revised down by 7, 000 jobs, according to Bureau of Labor Statistics data released Thursday. The health care and social assistance sector continued to drive overall employment growth. Those sectors added an estimated 57, 100 jobs in September, accounting for nearly half of the overall gains. Leisure and hospital contributed 47, 000 jobs during a month with unseasonably warm weather. Jobs were lost in sectors such as transportation and warehousing (-25, 300), temporary help services (-15, 900) and manufacturing (-6, 000). Although the September employment data has been on the shelf since early October, it provides a critical snapshot of the labor market at a time when tariffs, stubborn inflation and elevated interest rates continue to slow the US economy. Plus, Thursday’s report might very well be the last clean jobs report for a couple of months, since the shutdown mucked up the finely tuned process of data collection and analysis during October and part of November. The BLS on Wednesday announced that there will not be a separate October jobs report published but instead some of that data will be included in the November report scheduled for December 16. Despite the stronger-than-expected September gains bolstered in part by warm weather that supported strong leisure and hospitality employment this year is still on pace for the weakest employment growth since the pandemic and, before that, the Great Financial Crisis. This story is developing and will be updated. The-CNN-Wire™ & ©.
https://wsvn.com/news/us-world/the-us-economy-added-119000-jobs-in-september-but-unemployment-rose-to-a-nearly-four-year-high/
FAA lifts order slashing flights, allowing commercial airlines to resume their regular schedules
Airlines can resume their regular flight schedules beginning Monday at 6 a.m. EST, the agency announced in a joint statement by Transportation Secretary Sean P. Duffy and FAA Administrator Bryan Bedford.
Citing safety concerns amid growing staffing shortages at air traffic control facilities during the government shutdown, the FAA issued an unprecedented order to limit traffic in the skies. This order, in place since November 7, affected thousands of flights across the country, impacting major hubs including New York, Chicago, Los Angeles, and Atlanta.
Initially, flight cuts started at 4% and later increased to 6%. However, on Friday, the FAA rolled back restrictions to a 3% reduction, attributing the change to continued improvements in air traffic controller staffing following the end of the record 43-day shutdown on November 12.
This weekend saw the lowest number of flight cancellations since the order took effect, falling well below the 3% cuts mandated by the FAA for Saturday and Sunday. Flight tracking website FlightAware reported 149 flights canceled on Sunday and 315 on Saturday.
According to the FAA statement, an agency safety team recommended rescinding the order after “detailed reviews of safety trends and the steady decline of staffing-trigger events in air traffic control facilities.” The statement also acknowledged reports of non-compliance by carriers during the emergency order and noted that the agency is reviewing enforcement options, though it did not provide further details.
Flight cancellations peaked on November 9, when more than 2,900 flights were cut due to the FAA order, ongoing controller shortages, and severe weather conditions in parts of the country. Conditions improved throughout the following week as more controllers returned to work, encouraged by news that Congress was close to resolving the shutdown. This progress led the FAA to pause plans for further rate increases—the agency had initially targeted a 10% reduction in flights.
During the shutdown, air traffic controllers were among the federal employees required to work without pay, missing two paychecks amid the impasse. Secretary Duffy has not shared specific safety data prompting the flight restrictions but cited reports during the shutdown of planes getting too close in the air, increased runway incursions, and pilot concerns regarding controller responses.
Airline leaders have expressed optimism that operations will rebound in time for the Thanksgiving travel period now that the FAA has lifted its order.
—
Yamat reported from Las Vegas and Funk reported from Omaha, Nebraska.
https://whdh.com/news/faa-lifts-order-slashing-flights-allowing-commercial-airlines-to-resume-their-regular-schedules/
FAA will lift emergency flight reductions Monday
The emergency order will officially lift on Monday at 6 a.m. ET, bringing an end to the reductions that caused mass cancellations and delays at airports.
The cuts, which began with a 4% reduction in flights at 40 major airports on November 7, were implemented to address fatigue and staffing issues among air traffic controllers during the record-long government shutdown.
The FAA announced that these reductions are being rolled back now that staffing levels have “stabilized” following the end of the government shutdown on Wednesday.
There has been a dramatic improvement in staffing triggers, with only six reported on Friday, eight on Saturday, and one on Sunday, compared to a record high of 81 staffing triggers on November 8.
In addition to the flight reductions, other restrictions will also end, including limitations on some visual flight rule approaches, commercial space launches, and parachute operations.
Transportation Secretary Sean P. [Last name or statement to be completed as needed].
https://www.nbcnews.com/news/us-news/faa-will-lift-emergency-flight-reductions-monday-rcna244282
‘Nose-diving confidence’ in Trump’s economy has experts making a suggestion
Despite President Donald Trump’s message of affordability resonating with working-class Americans in 2024, that pattern is shifting as “diverging fortunes for wealthy and poor Americans has tanked confidence in the economy—and the president who promised to solve the affordability crisis in the U.S.,” writes Sasha Rogelberg in *Fortune*.
While a wave of working-class voters flooded the Republican Party ahead of the 2024 presidential election, that same group sent a loud message in the early November off-year elections, electing Democrats in every single race in which they were running, Rogelberg notes.
Economists say that all Trump has done thus far is make the rich richer and the poor poorer. Apollo chief economist Trosten Slok pointed out that wage growth for the lowest-income Americans plummeted to its lowest level in about a decade, while wage growth for the highest-income group surpassed all other income levels, citing data from the Federal Reserve Bank of Atlanta.
The housing market has become “frozen,” Rogelberg adds, because “it’s simply unaffordable to sell your house and buy another one with mortgage rates above 6 percent.” Sean Dobson, CEO of The Amherst Group, says, “We’ve probably made housing unaffordable for a whole generation of Americans.”
Much of these indicators can be traced directly to Trump, according to Pantheon Macroeconomics analysts Samuel Tombs and Oliver Allen. “Data show wage growth has slowed more in the trade and transportation sector, and to a lower level, than any other major sector since the end of last year. Fears workers would be able to secure larger wage increases in response to the tariffs look highly unlikely to be realized,” the analysts write.
Under Trump, the economy is what Peter Atwater, adjunct professor of economics at William & Mary, calls K-shaped, in which different sectors or groups experience wildly different outcomes—like the two diverging arms of a “K.”
“What we have today is a small group of individuals who feel intense certainty paired with relentless power control—and on the other, it is a sea of despair,” Atwater tells *Fortune*. “And that’s the piece that never gets talked about.”
Robert Armstrong agrees with Atwater in his *Financial Times* column, writing, “It could be that after five years of going nowhere, households in the bottom half of the wealth and income distributions have started to anticipate a bleaker future and are changing their spending habits accordingly.”
Rogelberg points out that nose-diving confidence in the U.S. economy is reflected in the attitudes of Republicans and independents who voted for Trump. According to a national NBC News poll, about 30 percent of Republicans believe Trump has fallen short of their expectations regarding the economy.
Two-thirds of independents blamed Trump for increasing inflation, according to an ABC News/Washington Post poll, and CNN polling data shows Trump’s approval rating has reached its lowest level since he took office the second time.
Peter Loge, professor of media and public affairs at George Washington University and former senior advisor to the FDA commissioner under President Barack Obama, says that Trump’s struggling economy is a clarion call for change.
“People want to know that they can afford a medical bill if they get sick, their kids will have a better future than they do, or have a chance of a better future. And if voters feel like things aren’t working, they fire their politicians in charge to hire new ones,” Loge explains.
“Voters are pretty well saying, ‘We don’t think whatever the Republicans are doing is making stuff less expensive. We need life to be more affordable and less chaotic. It’s pretty unavoidably chaotic. Now we’re going to bring in new people to try a new thing,’” he adds.
https://www.alternet.org/trump-economy-nosedive/
FAA says flight cuts will stay at 6% because more air traffic controllers are coming to work
**Flight Reductions Implemented at 40 Major U.S. Airports Amid Safety Concerns**
WASHINGTON (AP) — Flight reductions have been put into effect at 40 major U.S. airports following recommendations from the Federal Aviation Administration’s (FAA) safety team. This move comes after a “rapid decline” in controller callouts, which raised concerns about maintaining safe air traffic operations.
The agencies involved announced that a 6% flight reduction limit will remain in place while officials evaluate whether the air traffic system can safely return to normal operations. Transportation Secretary Sean Duffy and FAA Administrator Bryan Bedford emphasized that safety remains their top priority, and all decisions will continue to be guided by data.
Since the restrictions took effect last Friday, thousands of flights have been canceled. Initially, the FAA had planned to increase flight cuts gradually from 4% up to 10% of flights at the affected 40 airports.
Authorities are closely monitoring the situation to ensure that the nation’s air travel system operates safely and efficiently, prioritizing passenger safety above all.
https://www.dailynews.com/2025/11/12/government-shutdown-flight-cuts/
Acadia is winding down for winter just as the government might reopen
Though the federal shutdown could soon end, operations at Acadia National Park are expected to continue winding down for the winter.
The U.S. House of Representatives was expected to meet Wednesday to vote on ending the 43-day-long shutdown, but winter weather has taken precedence over the potential reopening of Maine’s only national park. On Veterans Day, snow led the park to close Summit Road on Cadillac Mountain, according to the park’s website.
Acadia does not require reservations for driving up the summit starting in November, but how late in the season the road remains open depends on weather conditions. The road may reopen before the end of the month if warmer weather melts away the ice and snow; however, it is typically closed for the winter each December 1.
Despite the shutdown, Acadia was busy in early October when the tourist season was still in full swing. Some facilities were closed due to reduced staffing caused by the shutdown, but popular attractions such as the summit of Cadillac Mountain, Sand Beach, Thunder Hole, and the Jordan Pond House remained open.
The fare-free Island Explorer Bus System, which is operated by the nonprofit group Downeast Transportation, also continued to operate during the shutdown.
Visitation to Acadia has been high this year and was on pace to exceed four million visits for only the second time ever, after first surpassing four million in 2021. The park recorded its highest number of visits for any month in July 2023, then broke that record in August.
However, the park has not released monthly visit estimates for September (before the shutdown went into effect on October 1) and has not been collecting visitation data since that date. As a result, visitation estimates for October are not expected.
Typically, visitation drops sharply in November, although the park never fully closes for the winter. The Ocean Drive section of Park Loop Road usually remains open to vehicles year-round, as do the park’s hiking trails. Additionally, the Schoodic Loop Road in the Schoodic section of the park, located on the east side of Frenchman Bay, is open throughout the winter.
The Visitors’ Center in Hulls Cove will remain closed regardless of shutdown developments, as it normally closes at the end of October. The Sieur de Monts Nature Center and the Rockefeller Welcome Center at Schoodic Point are also not expected to reopen until next spring.
Park campgrounds shut down each October, and facilities run by concession companies—including the Jordan Pond House, the Thunder Hole Gift Shop, and Wildwoods Stables—have also closed for the winter season.
https://www.bangordailynews.com/2025/11/12/hancock/hancock-government/acadia-winter-operations-wind-down-n6hjn1me0n/
