News from the South - South Carolina News Feed
Surging job market could prove costly for households, businesses as odds of quick rate cuts fade
SUMMARY: U.S. job growth surged in December with an addition of 256,000 jobs, pushing unemployment down to 4.1%. This upbeat labor market contrasts sharply with expectations of recession and indicates the economy is rebounding post-COVID. The Federal Reserve, facing persistent inflation and high interest rates, may hold off on further rate cuts, impacting borrowing costs for consumers and businesses. Despite fewer jobs created than in previous years, average wages rose 3.9% year-over-year. While the economy maintains a solid pace, challenges remain, such as rising prices and labor shortages in various sectors, highlighting mixed sentiments among Americans regarding economic recovery.
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News from the South - South Carolina News Feed
Chase Hunter’s 20 Points and Dagger Three Lift Clemson 78-75 at Pitt
SUMMARY: Clemson University men’s basketball earned a 78-75 overtime victory at Pittsburgh, with Chase Hunter leading the team with 20 points, including a clutch 3-pointer with 14 seconds left. Ian Schieffelin contributed a double-double (15 points, 11 rebounds), while Jaeden Zackery added 16 points. Chauncey Wiggins scored 11 points, and Dillon Hunter provided 10 points and six assists off the bench. Clemson led by as much as 14 points, but Pittsburgh tied the game to force overtime. Clemson outscored Pittsburgh 12-9 in the extra period, and their 14 three-pointers tied for eighth in program history.
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News from the South - South Carolina News Feed
For TikTok users, mourning, frustration and clinging to hope as TikTok ban looms
SUMMARY: Callie Goodwin, a small business owner from Columbia, S.C., demonstrates support for TikTok outside the Supreme Court amidst a potential ban on the app due to national security concerns. The court’s ruling mandates that TikTok’s Chinese parent company must sell the platform by January 19 or face a ban starting January 10. This uncertainty is troubling many influencers and small business owners who rely on TikTok for income. Comedian Terrell Wade and others express confusion and disappointment over the situation, fearing the impact on their livelihoods. While the Biden administration won’t enforce the ban immediately, the future remains uncertain for users and creators alike.
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News from the South - South Carolina News Feed
Dawn Staley make’s history as highest paid college women’s basketball coach
SUMMARY: South Carolina Gamecocks Women’s Basketball Head Coach Dawn Staley has made history by receiving a contract extension through the 2029-2030 season, making her the highest-paid college women’s basketball coach ever. The contract includes a starting salary of $4 million, a $500,000 signing bonus, and annual raises, totaling approximately $25.25 million. Staley has significantly impacted the program since 2008, leading the team to six NCAA Final Fours and securing numerous player honors. She expressed gratitude for the support from the university and community, highlighting the achievements as a collective effort in advancing women’s basketball.
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