Instagram Follows Bluesky!

Hey there scroller 🤳

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

What’s Hot. Instagram's set to shake up the social media world, launching a text-based app rivaling Twitter. Offering advanced user control, media sharing, and seamless Instagram integration, this new platform could challenge Twitter's reign. Watch out for potential privacy and user adoption hurdles, as Instagram promises to keep its guidelines intact. The social media landscape is definitely heating up! 

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

📈 NABE Survey: Inflation to Exceed Fed's 2% Target Rate Through 2024 Q4

NABE survey predicts US inflation exceeding Fed's 2% target till 2024. It states that 98% of economists expect CPI above the 2% rate, with most believing it won't decline until 2025. Federal Reserve's attempts to control inflation by raising interest rates pose potential risks. By 2024, the benchmark federal funds rate is anticipated to be cut from 5.125%.

🙅‍♂️ Biden Dismisses Republican Debt Ceiling Offer as 'Unacceptable,' Plans to Talk to McCarthy

President Biden rejected the Republican's latest debt ceiling offer as 'unacceptable and one-sided.' Criticizing the GOP's stance, he stated, "They have to move as well.’’ While some Republicans would prefer a default to hamper Biden's re-election, he plans to negotiate further with House Speaker McCarthy today. Republican proposals include defense spending increases and tax cuts, while Democrats aim for revenue raises. Default fears stir market instability as record-high interest rates loom.

🤝 US and Papua New Guinea Sign Security Pact Amid Rising Geopolitical Tensions

Amid concerns of Pacific militarisation as Washington and Beijing compete for influence, the US is signing a $45m Defence Cooperation Agreement with PNG. Despite protests, PM Marape assures, “this cooperation will strengthen our defense and help build our capacity," stressing no sovereignty compromise. Secretary Blinken’s visit, replacing Biden’s canceled one, reiterates US commitment to the region.

👨‍💻 China Heightens Tech Feud with US, Orders Cease of Micron Chip Usage by Tech Manufacturers

Escalating its tech feud with the US, China ordered users of sensitive computer equipment to stop buying chips from Micron Technology, citing "serious network security risks". This comes as Western countries limit Chinese access to advanced tech over security concerns. Beijing, seeking ways to retaliate without harming domestic industries, welcomes foreign firms complying with Chinese laws, and is investing billions in domestic chip development. This could lead to technology decoupling, raising global costs.

🦾 Meta in Early Talks with Magic Leap for Licensing AR Technology

Meta and Magic Leap are reportedly negotiating a multi-year IP licensing and manufacturing deal, providing Meta access to Magic Leap's optical tech and manufacturing aid for VR headsets. A partnership would not involve a jointly developed headset. As Meta spends about $10 billion annually on its Reality Labs division, this move could help the company stay competitive in the burgeoning AR market.

🤖 Nvidia Disrupts Intel and AMD Dominance in Supercomputers with Grace CPU Chips

Nvidia is entering the CPU market, traditionally dominated by Intel and AMD, with its Grace CPU chips. Collaborating with the University of Bristol and Hewlett Packard Enterprise, they've built a supercomputer, Isambard 3, exclusively using Grace CPUs for climate science and drug discovery research. The system offers 6 times the performance and energy efficiency of the previous one, providing an exciting development in computational science.

✌️ Brooks Koepka Secures Fifth Major Championship Victory, Affirming Remarkable Comeback from Injuries and Struggles: I’m back!

Brooks Koepka overcame injuries and recent struggles to win his third PGA Championship and fifth major title. Victory against Viktor Hovland and Scottie Scheffler at Oak Hill underscores his comeback, especially after nearly considering retirement due to knee issues. Being the first LIV Golf member to win a major post-league inception, Koepka's win also impacts the new circuit's credibility. He said, ‘“I definitely think it helps LIV, but I'm more interested in my own self right now.’’

🏆 Miami Heat Dominates Game 3, Nears NBA Finals with Blowout Win over Boston Celtics

Miami Heat is 1 win from the NBA Finals after a decisive 128-102 victory over Boston Celtics in Game 3. Leading with 29 points, Gabe Vincent was pivotal in the win, with Butler and Adebayo also contributing. Six Heat players scored in double digits, overcoming a lackluster performance from Celtics' stars Tatum and Brow.

🤨 NAACP Releases Travel Advisory for Florida Citing Concerns Over Hostility Towards Black Americans

NAACP issued a travel advisory for Florida due to Governor DeSantis' policies. DeSantis blocked an African American studies course and signed laws criticized by LGBTQ+ and immigrant advocacy groups. The formal travel notice states, "Florida is openly hostile toward African Americans, people of color & LGBTQ+ individuals. Before traveling to Florida … understand … Florida devalues … challenges faced by African Americans and other communities of color."

✍️ DeSantis signs bills affecting the LGBTQ community

On May 17, Florida's Governor DeSantis signed bills restricting under-18s transgender health care for minors, limiting LGBTQ-related school content, mandating birth-gender bathroom use for trans individuals, and potentially affecting drag shows. Critics argue these harm the LGBTQ community, already battling discrimination. DeSantis argues the laws keep "kids as kids" and combat 'woke' ideologies, amidst his self-declared war against systemic injustice recognition.

🐷 Financial Expert Issues Warning: Credit Cards Are Not a Piggy Bank

US credit card debt has reached $986 billion, due to inflation and high-interest rates; a significant increase since 2019. Scott Inman, a GenWealth financial advisor, warns credit cards aren't "a piggy bank," and their misuse can harm credit scores. Despite record APRs (20.09%), debt can be managed through transferring to 0% balance transfer cards. However, due to transfer fees, effective planning remains crucial for tackling credit card debt.

his day in 2011, Joplin, Missouri was struck by a devastating tornado, forever etching its name in the annals of U.S. history. With its relentless fury, the tornado unleashed destruction, claiming the lives of approximately 160 individuals and leaving behind a trail of unimaginable devastation in its wake.

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 and see you tomorrow 🕺