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- Apple's Market Cap Hits $3T
Apple's Market Cap Hits $3T
🤳12th June 2024 | Hunter Biden Convicted in Gun Trial, 8 Suspected ISIS-Linked Terrorists Captured, Over 10 Million Displaced in Sudan, Elon Musk Withdraws Lawsuit Against OpenAI, and more!
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BUSINESS & ECONOMY
🚀 Apple's stock skyrockets to an all-time high following AI updates.
Source - Yahoo News
Apple's stock soared 7% to a record high after revealing its AI platform, Apple Intelligence, at WWDC. Analysts upgraded the stock, noting its integration across Apple products and growth potential. Siri and software updates were highlighted, fueling optimism for future iPhone upgrades. Amid rumors and excitement, Apple's market cap exceeds $3.1 trillion.
🛢️ IEA Predicts Major Oil Surplus Amid Peak Demand This Decade
Global oil markets anticipate a substantial surplus this decade as demand peaks and stabilizes at 105.6 million barrels daily by 2029. The surplus stems from rising electric vehicle sales, enhanced fuel efficiency, and a surge in oil production, notably led by the US. With advancing clean energy transitions and economic shifts, global oil demand growth slows, possibly driving down oil prices in the coming years.
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WORLD
✈️ Malawi VP and 9 Others Die in Plane Crash
Source - Malawi State TV
Malawi’s Vice President Saulos Chilima and nine others died in a plane crash near Chikangawa Forest after the aircraft went missing en route to Mzuzu International Airport. President Lazarus Chakwera confirmed the wreckage was found completely destroyed, calling it a “terrible tragedy.” The crash occurred despite prior warnings against landing due to poor visibility Chakwera stated, "Words cannot describe how heartbreaking this is."
🚨 3,000 malnourished children face death in southern Gaza
Almost 3,000 children in southern Gaza are at risk of dying due to severe malnutrition amidst ongoing violence, hindering access to healthcare. The conflict has disrupted aid delivery and humanitarian access, exacerbating the crisis. With only two malnutrition treatment centers operational, efforts to open new centers are delayed. The situation is compounded by poor sanitation and infrastructure damage, raising concerns about disease outbreaks.
🌍 Over 10 Million Displaced in Sudan, IOM Reports
Source - Mohamed Nureldin Abdallah//Reuters
The International Organization for Migration (IOM) reports that over 10 million people are displaced within war-torn Sudan. Since April 2023, 7.26 million have fled due to conflict between the Sudanese army and Rapid Support Forces, adding to 2.83 million from previous conflicts. The UN warns of Sudan's worst displacement crisis, with 70% at risk of famine.
SCIENCE & TECH
🚶♂️ iOS 18 Enables Off-Grid Texting for Hikers
Apple’s upcoming iOS 18, set to release this fall, will allow U.S. iPhone 14 or later users to send texts and emojis even without cell service or WiFi to enhance communication for outdoor enthusiasts in remote areas. Additionally, Apple Maps will introduce thousands of hiking routes, custom route creation, and offline access for a more robust outdoor experience.
🔒 Testing Begins for Android's New Antitheft Feature
Google is testing Android 15’s Theft Detection Lock in Brazil, using AI to detect theft attempts through jerky movements or changes in network usage. Announced at the I/O developer conference, users in Brazil can sign up to try it now. The feature will also be available on older Android versions.
🚀 Elon Musk Withdraws Lawsuit Against OpenAI and Sam Altman
Source - Muhammed Selim Korkutata | Anadolu | Getty Images
Elon Musk withdrew his lawsuit against OpenAI and its co-founders, Sam Altman and Greg Brockman, on Tuesday. The case, which was scheduled for a hearing on Wednesday in San Francisco, was dismissed without prejudice. Musk's lawsuit, filed in February, alleged breach of contract and fiduciary duty, claiming OpenAI shifted from its original mission to a for-profit entity influenced by Microsoft.
SPORTS & ENTERTAINMENT
🎬 Michael Rainey Jr. 'In Shock' After Alleged Livestream Groping
Source - Getty Images
Actor Michael Rainey Jr. expressed his shock after allegedly being groped by Tylil James' sister on James' livestream. The incident occurred Sunday night, went viral with over 31 million views, and drew widespread condemnation. James apologized, calling his sister's actions "completely wrong." Rainey emphasized, "Sexual assault is never okay, regardless of gender or status."
💔 Billy Ray Cyrus Divorces Firerose After 7 Months
Source - Photo by Amy Harris/Invision/AP, File
Billy Ray Cyrus, 62, filed for divorce from 36-year-old singer Firerose (Johanna Rose Hodges) on May 22 after seven months of marriage, citing irreconcilable differences and “inappropriate marital conduct.” Married in October 2023 Cyrus is seeking an annulment due to alleged fraud by Hodges.
OTHER NEWS
🚨 Hijacker Takes Georgia Bus, Kills Hostage in Police Chase
A gunman hijacked a Gwinnett County Transit bus with 17 people in downtown Atlanta, fatally shooting a hostage during a wild police chase. Joseph Grier, 39, held a gun to the bus driver’s head, forcing him to drive. The chase ended in Tucker after spike strips stopped the bus. The victim died at a hospital.
🔨 Jury orders Chiquita to pay $38.3M for Colombia deaths
Source - Ap news
A Florida jury found Chiquita Brands liable for funding a right-wing paramilitary group responsible for the deaths of thousands during Colombia’s civil war. Chiquita must pay $38.3 million to 16 family members of victims marking the first U.S. verdict holding the company accountable for overseas human rights abuses.
🚨 8 Suspected ISIS-Linked Terrorists Captured in Multi-City Operation
Source - Fox News
Eight suspected terrorists from Tajikistan, linked to ISIS, were apprehended by U.S. Immigration and Customs Enforcement (ICE) and the FBI's Joint Terrorism Task Force in New York City, Los Angeles, and Philadelphia. Despite passing initial screenings, they were later found to have ties to ISIS.
🔫 Hunter Biden Convicted in Gun Trial
Hunter Biden was found guilty on all three counts in his criminal gun trial in Delaware federal court. The charges stem from his purchase of a Colt Cobra handgun in October 2018 while being a user and addict of crack cocaine. Biden, 54, faces up to 10 years in prison for two felony counts and up to 5 years for the third.
THIS DAY THAT YEAR
Source - Britannica
On June 12, 2016, a devastating mass shooting occurred at the Pulse nightclub in Orlando, Florida. This tragic event claimed the lives of 49 individuals and left more than 50 others wounded. At the time, it was the deadliest mass shooting in U.S. history.
BRAIN TEASER
I am the sweetest and most romantic fruit. What am I?
Nailed it or stumped? Hit us with a reply and find the correct answer 🎯
Here’s what Yesterday’s teaser was:
I am sour and used for making lemonade. What am I?
The answer is: Lemons
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