headlines...by halloapp

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12-24-2023

TECH

• Former OpenAI CEO Sam Altman has a history of rebounding from crises with the help of influential allies in Silicon Valley. Altman published a blog post hinting at his chaotic ousting and subsequent return to the company. He is now seeking funding for a chips company by tapping into his Silicon Valley network and investors in the Middle East. However, Altman’s extensive network of investments, including personal investments in 125 companies, is facing scrutiny for potential conflicts of interest.

• Ryan Reynolds-owned Mint Mobile experienced a data breach, exposing customer information. T-Mobile is acquiring Mint Mobile for $1.35 billion.

• Nano Dimension, the largest stockholder of Stratasys, has made a cash offer to acquire the 3D printer company for $1.1 billion.

• A judge ruled that X Corporation (formerly Twitter) breached contracts by not paying promised bonuses to employees after acquisition.

MEDIA

• The UN Security Council approves a resolution for increased aid to Gaza, but without a call for a ceasefire.

• India’s women’s cricket team secures their first-ever Test victory over Australia, winning by 8 wickets in Mumbai.

CONSUMER

• Nike’s Q2 2024 earnings surpassed expectations with an EPS of $1.03, despite a 1% increase in revenues and declining sales in North America. The company plans to focus on product innovation and cost-cutting measures.

• Christmas celebrations in Bethlehem have been cancelled due to the Israel-Hamas war, impacting the local economy and causing divisions among US Christians. Palestinian Christians are grieving and worried.

REAL ESTATE

• Council tax in Wales has risen by 47% in the last decade, with more than half under Welsh Labour leader Mark Drakeford.

ECONOMIC

• Waiting until age 70 for Social Security benefits can result in an extra $1,983/month. Average benefits vary by state and income levels.

CRYPTO

• Bitcoin’s price is predicted to reach $100,000 by the end of 2024 due to factors like ETF approval and a halving event, driving increased demand and functionality.