26 Billion Record Data Breach

Hey there scroller🤳

Ready for another day’s headstart with some fresh news?

If your pal sent this to you, then subscribe to stay the most informed person in the room😉

BUSINESS & ECONOMY

📈 NABE Survey Indicates Growing Confidence Among Economists That US Will Dodge Recession

The latest NABE survey reveals growing optimism among economists about the U.S. economy, with 91% seeing less than a 50% chance of recession next year. Improvements in consumer sentiment, declining inflation, stable Federal Reserve rates, and easing labor shortages and supply chain issues underpin this positive outlook. However, challenges like high-interest rates and geopolitical instability persist.

🏠 American Confidence Wanes in Middle-Class Home Affordability

A Newsweek poll shows two-thirds of Americans believe the median home price of $388,000 is too high for the middle class, indicating a widening wealth gap. Factors like high mortgage rates and insufficient supply exacerbate the issue. Lawrence Yun, NAR's chief economist, warns of an "unsustainable" rise in prices, stressing the need for increased home construction and economic growth.

📉 Layoffs Skyrocket by 98% in 2023, Further, Increase Expected This Year

In 2023, U.S. job cuts soared by 98%, with 721,677 layoffs, notably in technology and retail, as companies grappled with high labor costs and economic challenges. Andy Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc., stated, "Employers are still extremely cautious and in cost-cutting mode heading into 2024." Despite this, the tight labor market added 216,000 jobs in December, suggesting a complex economic landscape.

WORLD

🌍 7.1 Magnitude Earthquake Shakes Western China, Injures 6, Destroys 47 Homes

A 7.1 magnitude earthquake struck Xinjiang, China, injuring six and damaging over 120 homes in Uchturpan county. Amid freezing temperatures, the quake caused collapses and power outages, quickly restored. Over 200 rescuers and troops assist the predominantly Uyghur area. The USGS notes its location in the seismically active Tian Shan range. 

🚀 US, UK Conduct Airstrikes on Iran-Backed Houthi Forces in Yemen

In a joint U.S.-U.K. effort, airstrikes targeted eight Houthi sites in Yemen to protect Red Sea shipping, involving U.S. and British aircraft and Tomahawk missiles. This action, part of Operation Prosperity Guardian, is aimed at "defending mariners from illegal and unjustifiable attacks" and ensuring "freedom of navigation." Despite these efforts, Houthi attacks on commercial ships continue.

🚢 Global Shipping Costs Soar Amid Escalating Red Sea Crisis

Houthi attacks in the Red Sea have spiked global shipping rates, with Asia to Northern Europe costs up 461%. These disruptions, causing reroutes around Africa, significantly impact 15% of world shipping. Robert Handfield notes, "This has added significant cost, and also significant delays." The situation stokes fears of inflation resurgence and major global trade impacts.

SCIENCE & TECH

🎵 Apple Music Increases Artist Royalties by 10% for Spatial Audio Tracks

Starting January 2024, Apple Music will boost royalties by up to 10% for tracks in Spatial Audio, aiming to "reward higher quality content" and artist investment in Spatial mixing. This increase applies even if tracks aren't played in Spatial Audio format. The initiative, part of Apple's strategy to promote its compatible hardware, aligns with growing Spatial Audio trends in the industry, underscored by Apple's stringent quality control against deceptive content.

🔓 Dropbox, LinkedIn, Twitter Implicated in 26 Billion Record Data Breach

A colossal 26 billion record database, termed the "mother of all breaches" by Security Discovery and CyberNews, has been unearthed. This 12 TB compilation includes data from major platforms and government organizations. Despite being largely from past breaches, its existence poses significant risks for credential stuffing attacks. Cybersecurity expert Jake Moore urges password updates, phishing awareness, and two-factor authentication to mitigate potential threats.

SPORTS & ENTERTAINMENT

🚨 Taylor Swift's Alleged Stalker Re-Arrested Near NYC Home Within 3 Days

David Crowe, 33, from Seattle, was arrested for stalking and harassing Taylor Swift at her NYC home, just days after a similar detainment. Spotted asking locals about Swift, he displayed signs of emotional disturbance but didn't attempt entry. Swift, in town after watching boyfriend Travis Kelce's NFL game, faces this unsettling celebrity security challenge. Crowe now faces multiple charges.

🏆 Barbie and Oppenheimer Lead 2024 Oscar Nominations

The 2024 Oscars nominations are set to highlight hits like "Barbie" and "Oppenheimer," with actors like Cillian Murphy and Emma Stone likely to receive nods. Hosted by Jimmy Kimmel on March 10, the ceremony's increased public interest is attributed to the "Barbenheimer phenomenon." Key categories include a competitive Best Picture race and a Best Original Song category dominated by "Barbie." Nominations will be live-streamed on the Academy's website.

OTHER NEWS

📰 Fani Willis' Alleged Inappropriate Relationship Exposed in Divorce Papers Release

Georgia prosecutor Nathan Wade's divorce documents, unsealed by Judge Henry Thompson, expose his alleged affair with DA Fani Willis and concealment of earnings amidst the Trump election fraud case. Andrea Hastings, representing Wade's ex-wife, argues Willis's crucial knowledge: “I have questions and she needs to answer them,” highlighting potential misconduct and financial misuse affecting the Trump case integrity.

🚧 Supreme Court Permits Federal Agents to Remove Texas' Razor Wire on US-Mexico Border

The Supreme Court's 5-4 decision allows Border Patrol to remove Texas-installed razor wire along the U.S.-Mexico border. Texas Governor Greg Abbott authorized the wire to curb illegal crossings, but the Justice Department argued it hindered border patrol efforts and endangered migrants. The White House applauded the decision, calling Texas' actions counterproductive. This legal battle continues​​.

THIS DAY THAT YEAR

On 22 January 1997, Madeleine Albright, previously the U.S. ambassador to the UN, was sworn in as the U.S. secretary of state under President Bill Clinton. This appointment marked her as the first woman to ever hold this cabinet position.

Thanks for scrolling with us🤳

Want to share Daily Scroll with a Pal? Forward this email and invite them to join our community of savvy scroll-ers.

We'd love to hear your feedback on today's issue of Daily Scroll! Simply reply to this email and share your thoughts on how we can improve our content and format.

Have a great day, see you Tomorrow🕺