McDonald's Launches CosMc's Chain

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

📉 US Unemployment Rate Expected to Rise as Recession Looms

Bloomberg Economics predicts a U.S. recession began in October, with November's unemployment rate climbing to 4%. A temporary employment surge, credited to resolved strikes by major unions, contrasts with job declines in manufacturing and services. Analysts Wong and Paul warn against Federal Reserve delays in cutting rates, emphasizing, "The labor market’s nonlinear negative feedback loop may have already kicked off, making a hard landing the most likely outcome."

📈 Report Suggests 'Excess Profits' in Energy and Consumer Sectors Fueled Inflation Spike

British think tanks report major companies, particularly in the energy and food sectors, intensified 2022 inflation by raising prices to protect margins. A study of 1,350 global firms showed a 30% profit increase, impacting consumers. Not the sole cause, but a significant factor in inflation, termed "greedflation," as recognized by ECB President Christine Lagarde.

WORLD

🌎 U.S. and Guyana Launch Military Exercises Amid Venezuela Oil Dispute

The U.S. and Guyana to conduct joint military drills amid escalating tensions with Venezuela over the disputed, oil-rich Essequibo region. Guyana's President Ali emphasizes diplomacy for a peaceful resolution, while the U.S. reaffirms support for Guyana's sovereignty. The U.N. Security Council and Brazil express concern over regional stability. The dispute intensified after ExxonMobil's oil discovery in 2015.

🔥 Netanyahu Warns Hezbollah: Beirut Could Become Gaza Under Certain Conditions

Prime Minister Benjamin Netanyahu warned of severe consequences for Beirut and southern Lebanon, comparable to Gaza and Khan Yunis in southern Gaza, if Hezbollah joins the conflict with Hamas, underscoring the heightened regional tensions and the severe implications it could have for Beirut's safety and stability.

SCIENCE & TECH

🤖 Google's Gemini Demo Revealed as Staged

Google's Gemini, rivaling GPT-4, faced criticism for a deceptive demo video implying voice interactions, actually using text prompts. This discrepancy raised doubts about the AI's real-time capabilities, as the demo misleadingly suggested intuitive responses rather than the reality of engineered interactions. Despite defending its authenticity, the launch is delayed to January 2024 due to struggles with non-English queries.

🎮 Game Awards 2023 Unveils Exciting Announcements

The Game Awards 2023 were a spectacle of video game announcements, featuring Capcom's 2025 release "Monster Hunter: Wilds" and Hideo Kojima's eagerly anticipated Xbox project "OD," acclaimed as "much more than a game." Highlights included PlayStation's "God of War Ragnarok" DLC, a new Blade game from Arkane Studios, and SEGA's revival of "Jet Set Radio.

SPORTS & ENTERTAINMENT

💌 Selena Gomez Confirms Relationship with Benny Blanco, Addresses Critics

Selena Gomez revealed her relationship with producer Benny Blanco on Instagram, describing him as "my absolute everything in my heart." Overcoming speculated tension linked to Blanco's past work with Justin Bieber, Gomez commended his treatment of her as superior to anyone else. Their six-month-long relationship coincides with her single about being single. Additionally, Gomez teased an upcoming album release in two months.

🏈 Steelers Set Unprecedented NFL Record for Worst Performance

In a historic downturn, the Pittsburgh Steelers, previously 7-4, lost back-to-back home games against 2-10 teams, a first for a team above .500 as highlighted on Amazon's postgame show. This slump leaves them at 7-6, jeopardizing their playoff chances with an injured quarterback. Facing key games against the Colts, Bengals, Seahawks, and Ravens, Pittsburgh confronts a challenging road with dimming postseason hopes.

OTHER NEWS

🍔 McDonald's Launches CosMc's Chain with Revealed Locations and Menu.

McDonald's is launching CosMc's, a coffee-centric chain targeting the $100 billion afternoon drink market, challenging Starbucks and Dunkin'. CEO Kempczinski describes CosMc's as a blend of 1980s McDonald's characters - alien, surfer, robot. The first outlet opens this month in Illinois, with more in Texas in 2024. The menu features unique drinks and snacks, part of McDonald's global expansion with 10,000 new stores by 2027.

🔍 Hunter Biden Charged with Nine Federal Tax Crimes

Hunter Biden is charged with nine counts, including tax evasion and fraud, in a case by special counsel David Weiss. Accused of not paying $1.4 million in taxes, his attorney Abbe Lowell claims charges are politically motivated, stating, "if Hunter’s last name was anything other than Biden," they wouldn't exist. The case compounds challenges for President Biden amid his re-election campaign.

📉 Inflation Leads One-Third of Americans to Forgo Christmas Celebrations

Inflation has affected U.S. holiday spending as over one-third are skipping gifts, with 50% expecting less generosity. Dana M. Peterson notes a cautious consumer mood, impacting spending plans. Retailers face uncertain demand amid rising credit card debt, with nearly half not clearing holiday purchases timely. Stress, especially financial, is prevalent. 

THIS DAY THAT YEAR

On 8th December 1980, John Lennon, an iconic English musician, and former Beatles member, was tragically shot and killed outside his New York City residence, the Dakota. The assailant, Mark David Chapman, motivated by a mix of jealousy and anger over Lennon's lifestyle and controversial statements, claimed inspiration from J.D. Salinger's novel, "The Catcher in the Rye."

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 weekend, see you on Monday🕺