{"id":275678,"date":"2025-11-06T18:41:12","date_gmt":"2025-11-06T18:41:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/275678\/"},"modified":"2025-11-06T18:41:12","modified_gmt":"2025-11-06T18:41:12","slug":"what-is-a-k-shaped-economy-and-are-we-in-one","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/275678\/","title":{"rendered":"What is a ‘K-shaped’ economy, and are we in one?"},"content":{"rendered":"

Good morning, everyone. Starbucks launched its holiday menu today. Here\u2019s what you can order<\/a>, and look out for this festive bear-shaped cup<\/a> that\u2019s already caused a frenzy. Now, on to the news.<\/p>\n

Subscribe<\/a> to get this newsletter in your inbox each morning.<\/p>\n

NEED TO KNOW\"FILE<\/p>\n

Reuters\/Brian Snyder<\/p>\n

New data released this week paints a picture of a \u201cK-shaped\u201d economy<\/a> \u2014 good for the rich, bad for the poor and a mixed bag for the labor market.<\/p>\n

Rising debt: Household debt is now at a record $18.59 trillion<\/a>, according to data from the Federal Reserve Bank of New York. That includes mortgages, car loans and other kinds of consumer debt. At the same time, many more student loan borrowers have been missing payments. [ABC News]<\/p>\n

Hiring slows: U.S. companies slashed nearly 1 million jobs<\/a> this year, even as the stock market hit record highs \u2014 which some argue is the result of AI making businesses more productive while suppressing worker demand. Private sector jobs somewhat bounced back last month, but the pace of hiring<\/a> has slowed. [CBS News\/CNN]<\/p>\n

Wealth inequities: The gulf between the wealthiest Americans and corporations and smaller businesses and lower earners has been widening<\/a>, as the former have benefited from a rising stock market while the latter face high inflation and sluggish job and wage growth. [Yahoo Finance]<\/p>\n

IN CASE YOU MISSED IT\"Luka<\/p>\n

AP Foto\/Mark J. Terrill<\/p>\n

Last-minute Lakers triumph<\/p>\n

In a clash between the Spurs and the Lakers, Los Angeles\u2019s Luka Don\u010di\u0107 led his team to victory, rallying in the final minutes from a 106-97 deficit to win 118-116. It was the second straight game in which the Spurs\u2019 Victor Wembanyama struggled. Watch the highlights<\/a>. [Yahoo Sports]<\/p>\n

Looming travel disruptions<\/p>\n

Citing staffing shortages, federal officials said the FAA would cancel flights<\/a> across 40 \u201chigh-volume\u201d markets starting tomorrow if a shutdown deal isn\u2019t reached. Over 20,000 have already been delayed in the last week. See which airports<\/a> may be affected. [CBS News]<\/p>\n

UPS cargo plane crash<\/p>\n

The death toll from the fiery plane crash in Louisville, Ky., grew to at least 12 people, and an investigation into what led to the accident<\/a> is currently underway. Early evidence shows that the engine had detached from the plane during takeoff. [CNN]<\/p>\n

Trump\u2019s tariffs under scrutiny<\/p>\n

The Supreme Court heard arguments over President Trump\u2019s sweeping global tariffs, implemented under an emergency powers law. Several justices seemed skeptical<\/a> of the government\u2019s argument. Here\u2019s what a defeat could mean<\/a>. [Yahoo News\/Reuters]<\/p>\n

Meghan Markle\u2019s return<\/p>\n

After an eight-year hiatus, Meghan Markle has returned to acting<\/a>. The Duchess of Sussex will reportedly appear in a small role in Close Personal Friends, a forthcoming movie starring Lily Collins and Brie Larson. \u201cShe seemed very relaxed,\u201d one on-set insider said. [People]<\/p>\n

WHAT\u2019S HAPPENING TODAY\"Peacock\"<\/p>\n

Peacock<\/p>\n

Now streaming<\/p>\n

The new series All Her Fault, starring Sarah Snook and Dakota Fanning, is now on Peacock. Based on the book of the same name, it\u2019s about a mom who picks up her son from a playdate, only to discover the woman at the door has never seen or heard<\/a> of her or her son. [People]<\/p>\n

On TV<\/p>\n

Catch Cynthia Erivo and Ariana Grande in the gravity-defying two-hour musical special Wicked: One Wonderful Night<\/a> at 8 p.m. ET on NBC. Wicked: For Good, the sequel to the 2024 smash hit, hits theaters on Nov. 21. [NBC]<\/p>\n

The Broncos, who are on a six-game winning streak, play the Raiders at 8:15 p.m. ET on Prime Video. Here\u2019s what to know<\/a> ahead of the game. [SB Nation]<\/p>\n

And don\u2019t forget to\u2026<\/p>\n

Read your daily horoscope<\/a>. Play the crossword<\/a>. Check the forecast<\/a> in your area.<\/p>\n

TODAY IN HISTORY\"Illustration:<\/p>\n

Illustration: Yahoo News; photo: Keystone-France\/Gamma-Keystone via Getty Images<\/p>\n

In 1860, Abraham Lincoln was elected the 16th president of the U.S., defeating John Breckinridge, John Bell and Stephen Douglas. He was in office for less than four years, but since his assassination in 1865, multiple visitors have said they\u2019d seen his ghost still roaming the White House. Read about other hauntings<\/a> at 1600 Pennsylvania Ave. [USA Today]<\/p>\n

FEEL-GOOD MOMENT\"Holden<\/p>\n

Holden Bierman<\/p>\n

As a \u201cbored\u201d 12-year-old in the pandemic, Holden Bierman decided to research business ideas. Now, at 18, he\u2019s the founder of Coastal Cool, a sustainable swimwear company that aims to clean up the oceans<\/a>. It\u2019s cool making money, he said, but it\u2019s \u201ceven cooler\u201d doing something \u201cwith real purpose.\u201d [GMA]<\/p>\n

\ud83d\udca1 P.S. Your daily advice: It might be easier to \u201cfix\u201d a problem by making it someone else\u2019s, but that can cause more trouble down the line. Here\u2019s what to do instead<\/a>. [Dr. Samantha Boardman]<\/p>\n

About The Yodel: The Yodel is a morning newsletter from Yahoo News.<\/p>\n

Start your day with The Yodel<\/a> to get caught up on weather, national news, politics, entertainment and sports \u2014 in four minutes or less.<\/p>\n

Get The Yodel right in your inbox<\/p>\n

Did you like this morning\u2019s newsletter? Subscribe to have it sent to you on weekdays.<\/p>\n","protected":false},"excerpt":{"rendered":"Good morning, everyone. Starbucks launched its holiday menu today. Here\u2019s what you can order, and look out for…\n","protected":false},"author":2,"featured_media":275679,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101,146780,2802,9843,1169,32090],"class_list":["post-275678","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-john-breckinridge","tag-labor-market","tag-meghan-markle","tag-stock-market","tag-victor-wembanyama"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/275678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=275678"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/275678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/275679"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=275678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=275678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=275678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}