Trump Ditches Paris Deal

??11th November 2024 | Election Drives Americans to 'Doom Spend', China's Hacking Effort More Widespread Than Expected, Google Launches Gemini AI Video App, Taylor Swift Sweeps 2024 MTV EMAs with 4 Wins, Elon Musk’s Net Worth Surpasses $300B After Trump Win,Trump demands Senate GOP candidates back recess appointments, and more!

Business and Economy

??? Election Drives Americans to 'Doom Spend'

Around 27% of Americans are engaging in “doom spending,” prioritizing purchases despite concerns about the economy, foreign affairs, and the presidential election, according to Intuit Credit Karma. The trend is most pronounced among Gen Z (37%) and millennials (39%). With rising debt and high interest rates, Ted Rossman of Bankrate stated, “It’s a tough cycle to break.”?

?? $2.8B Bet on Bitcoin Surpassing $90K After All-Time High

Bitcoin hit a new all-time high near $81,000, with more than $2.8 billion in bets placed on its price surpassing $90,000. This growth followed U.S. elections favoring pro-crypto candidates and recent Federal Reserve rate cuts. The rise in open interest in Deribit futures reflects investor optimism. Vetle Lunde, K33 Research stated, "The options market’s bias is heavily toward continued momentum."

World

? Trump urged Putin to avoid escalating the Ukraine war after the election

President-elect Donald Trump urged Russian President Vladimir Putin not to escalate the war in Ukraine during a phone call from Florida, days after the 2024 election. Trump emphasized the U.S. military presence in Europe and showed interest in further talks. Trump's communications director, Steven Cheung, stated, "Leaders are strengthening ties with President Trump due to his focus on global peace and stability."

?? Ukraine Launches Largest Drone Attack on Moscow

Ukraine launched its biggest drone strike on Moscow on Sunday, using at least 34 drones in retaliation for Russia’s attacks on Ukraine. The strike forced diversions at three major airports and injured a woman southeast of the capital. Russian air defenses downed 36 drones in other regions. Russia's defense ministry stated, "An attempt to carry out a terrorist attack was thwarted."

?? China's Hacking Effort More Widespread Than Expected?

The Chinese hacking effort targeting prominent Americans is far more pervasive than reported, lasting over a year. Hackers accessed mobile devices through telecom providers like Verizon, AT&T, and Lumen, impacting political figures and business leaders. The FBI is contacting victims, and the Salt Typhoon group is suspected.? FBI Director Christopher Wray stated, "This represents a massive breach of privacy."

Science and Tech

?? Google Launches Gemini AI Video App

Google has introduced its Gemini AI-powered Vids app, designed to help users create video presentations from simple prompts automating tasks such as generating scripts, inserting stock footage, and producing AI voiceovers. Aimed at streamlining video content creation, it supports multiple languages and is initially available to Workspace users, with usage limits set for 2026.

?? Trump Set to Exit Paris Climate Deal

President-elect Donald Trump's transition team is preparing executive orders to withdraw from the Paris climate agreement, shrink national monuments, and resume LNG exports. He also plans to revoke California’s pollution standards waiver. Trump’s spokeswoman, Karoline Leavitt, stated, “The results of Tuesday’s election gave him a mandate to implement the promises he made on the campaign trail.”?

Sports and Entertainment

?? Taylor Swift Sweeps 2024 MTV EMAs with 4 Wins

Taylor Swift dominated the 2024 MTV EMAs, held on Sunday at Co-op Live in Manchester, winning Best Artist, Best U.S. Act, Best Live Act, and Best Video for “Fortnight.” Rita Ora, hosting for the third time, paid tribute to Liam Payne, recalling his kindness. Ora stated, “He had the biggest heart and left such a mark on this world.”

?? Lions Triumph Over Texans in Week 10 Thriller

The Detroit Lions and Houston Texans concluded Week 10 with an intense matchup. The Lions, having a standout season, faced the 6-3 Texans, who played without key players like Taylor Decker and Will Anderson Jr. The game highlighted both teams' resilience and depth with Lions head coach Dan Campbell stating, "Both teams showed incredible toughness in overcoming adversity."

?? Chiefs Stop Broncos' FG for Walk-Off Win

Chiefs linebacker Leo Chenal blocked a 35-yard field goal attempt by Denver's Wil Lutz with one second left, securing a 16-14 victory and preserving Kansas City's undefeated season at 9-0. Despite being outplayed for most of the game, the Chiefs capitalized on their fourth walk-off win this season. Chenal, who previously blocked a PAT in Super Bowl LVIII, stated, "The moment is heavy."?

Misc

?? Elon Musk’s Net Worth Surpasses $300B After Trump Win

Elon Musk’s net worth has surged to $313.7 billion, fueled by a 28% rise in Tesla stock, following Donald Trump’s victory. Musk’s fortune, primarily tied to Tesla and SpaceX, benefits from Trump’s support of electric vehicles and space exploration. Wedbush analyst Dan Ives stated, “Musk is the big winner in this Trump sweepstakes.”

??? Trump demands Senate GOP candidates back recess appointments

President-elect Trump urged Senate GOP leader candidates to support his ability to make recess appointments, enabling him to fast-track nominees without Senate approval. He stressed the urgency of confirming positions quickly. While Rick Scott fully backed the proposal, John Thune and John Cornyn offered cautious support. Trump stated, "We need positions filled IMMEDIATELY!"?

This Day That Year

On November 11th, 1889, Washington was admitted to the Union as the 42nd state marking a significant step in the nation's expansion to the Pacific Northwest.

Have a great day and see you Tomorrow??