Inflation Takes a Backseat

🤳25th November 2024 | Inflation risk fades amid debt concerns, 50,000 Russians Set for Clash with 20,000 Ukrainians in Kursk, Amazon Dials Up $4B in Anthropic, 49ers Suffer Worst 28-Point Loss to Packers, Trump Team Blocked from Agencies Amid Legal Standoff, and more!

Business and Economy

💰 US Debt Soars to $36T

The U.S. national debt has hit a record $36 trillion, growing rapidly from $35 trillion in July 2024 and $34 trillion in January. Treasury data shows debt now equals 99% of GDP, fueled by rising interest rates and aging population costs. Fiscal experts warn of insolvency risks. Michael Peterson of the Peterson Foundation stated, “This debt spiral needs to stop.”

📝 Inflation risk fades amid debt concerns

Inflation has dropped to sixth place as a financial risk in the Federal Reserve’s survey, with U.S. debt, recession risks, and global trade challenges taking priority. Treasury issuance could impact private investment, while trade tensions may hinder economic growth. The Report stated,  "Debt and trade risks have become significant factors for financial stability."

World

⚔️ 50,000 Russians Set for Clash with 20,000 Ukrainians in Kursk

Around 50,000 Russian troops, including North Korean soldiers and elite airborne divisions, are set to attack 20,000 Ukrainians in Kursk, aiming to recapture Sudzha by early February. The Ukrainian forces, drawn from the 41st, 47th, and 17th brigades, are bracing for intense combat using T-64BV tanks. Kreigsforscher, a Ukrainian marine corps drone operator, stated, "Two Russian VDV divisions... will initiate a maneuver-heavy assault."

🚨 Hezbollah Launches Hundreds of Rockets at Israel After Beirut Strikes

Hezbollah fired about 250 rockets and projectiles into Israel on Sunday, injuring seven people in retaliation for Israeli airstrikes that killed at least 29 in Beirut. The rockets hit areas like Tel Aviv and Haifa, causing damage. In response, Israel targeted Hezbollah positions in Lebanon. Lebanese Prime Minister Najib stated, "This is a direct, bloody message rejecting all efforts to end the war." 

Science and Tech

🤖 Amazon Dials Up $4B in Anthropic, Boosting Total Investment to $8B

Amazon has announced an additional $4 billion investment in Anthropic, bringing its total funding to $8 billion. The San Francisco-based AI startup, founded by ex-OpenAI executives, competes with OpenAI in the generative AI race. Amazon will also become Anthropic’s primary cloud partner, using AWS to train AI models following Amazon's earlier $2.75 billion investment in March 2024, marking a major commitment to the AI sector.

🤖 OpenAI in Talks with Samsung to Bring AI to Galaxy Devices, Challenging Google

OpenAI is reportedly in discussions with Samsung to integrate its AI technology into Galaxy devices, potentially challenging Google’s longstanding role as a key AI provider for Samsung. This partnership could disrupt Google’s position, especially as OpenAI expands into search and web browsing. If the collaboration proceeds, it could intensify competition in the AI and tech markets, altering industry dynamics.

Sports and Entertainment

🦅 Eagles Surge Into Sunday Night Clash with Rams

The Philadelphia Eagles, with an 8-2 record, are entering their primetime matchup against the Los Angeles Rams on Sunday Night Football. Riding high on a six-game win streak, including back-to-back NFC East victories, the Eagles are poised to build on their momentum. Coach Nick Sirianni stated, "We’ve worked on key areas during the bye and are ready to finish strong."

🩺 Bishop T.D. Jakes Faces Health Incident After 'Powerful' Sunday Sermon

Bishop T.D. Jakes, 67, suffered a health incident mid-sermon at the Potter's House of Dallas on Sunday. After delivering a powerful message about preaching, he suddenly went silent, appeared to spasm, and was assisted by attendees. A statement later confirmed Jakes received medical attention and is stable. The Church stated, "Thank you for your understanding and continued prayers."

 🏈 49ers Suffer Worst 28-Point Loss to Packers

The San Francisco 49ers suffered their worst-ever loss to the Green Bay Packers, 38-10, at Lambeau Field. Coach Shanahan blamed penalties, missed tackles, and turnovers for the embarrassing defeat. Despite missing key players like Brock Purdy, the Niners struggled throughout.  linebacker Fred Warner stated, "This is probably one of the worst ones I've been a part of." 

Misc

❄️ Northeast winter storm may disrupt Thanksgiving with snow and coldest air of the season

Northern travelers could face disruptions as a winter storm brings snow and rain to the Northeast, starting Wednesday and lasting through the weekend. Thanksgiving Day travel along the I-95 corridor may be impacted, with the oldest air of the season following. FOX Weather Meteorologist Jane Minar stated, “If we do get snow, it’s probably going to be across much of the interior.” 

🚫 Trump Team Blocked from Agencies Amid Legal Standoff

Donald Trump's transition team is blocked from accessing federal agencies, secure emails, and FBI background checks due to delays in signing ethics agreements, preventing coordination with agencies, impeding readiness for governance and national security preparations. Experts warn of the risks posed by this delay. Richard Painter, former White House ethics lawyer stated, "Without these agreements, they’re not yet government employees." 

This Day That Year

On November 25th, 2016, Cuban political leader Fidel Castro, who revolutionized his country by establishing the first communist state in the Western Hemisphere, passed away at the age of 90. He became a prominent symbol of the communist revolution across Latin America.

Have a great day and see you Tomorrow🕺