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BUSINESS & ECONOMY

🛍️ Thanksgiving Shopping Hits Record High with In-Store and Online Purchases

Over 200 million Americans shopped during the holiday weekend, surpassing last year's record and NRF's expectations amidst inflation and high rates. NRF CEO Matt Shay noted the "robust turnout," driven largely by sales promotions. While in-store shopping remained stable, online shopping rose, with average spending at $321.H BB41. Holiday season spending is projected to increase by 3-4%, reaching up to $966.6 billion.

📈 US Consumer Confidence Rises as House Prices Continue to Climb

In November, U.S. consumer confidence rose to 102.0 after the three-month decline, fueled by increased big-ticket purchases despite recession fears. Two-thirds of Americans still expect a recession, contrasting economists' slow growth predictions. Optimism is highest among those over 55. Despite moderating inflation expectations and a resilient labor market, potential Federal Reserve rate cuts loom, reflecting a cautious economic outlook.

WORLD

🚨 Sierra Leone Detains 13 Military Officials for Alleged Coup Attempt

In Sierra Leone, a West African nation, 13 military personnel and a civilian were detained following a failed coup attempt on November 26, 2023, which resulted in 20 deaths and the escape of over 2,000 prisoners. Information Minister Chernor Bah confirmed the coup attempt's failure, amidst heightened security in the capital, Freetown. President Julius Maada Bio faces increased political tension following his controversial re-election, reflecting a broader trend of instability and military coups in West Africa.

🚫 Finland Shuts Russian Border Amid Migrant Concerns

Finland closes its last border crossing with Russia, citing Moscow's use of migrants in "hybrid warfare" to destabilize the country post-NATO entry. Prime Minister Petteri Orpo accuses Russia of orchestrating the migrant surge. About 1,000 undocumented migrants, mainly young men and families, have arrived since August. Russia denies the allegations, calling for dialogue. The EU previously accused Belarus, a Russian ally, of similar tactics.

SCIENCE & TECH

🔍 Amazon Launches Advanced AI Model Chips for Training and Execution

AWS introduces the Trainium2 chip for AI model training and grants access to Nvidia's H200 GPUs, addressing the high demand for AI capabilities. Graviton4 processors promise 30% better performance, catering to over 50,000 existing users. The H200 GPUs boast nearly double the output speed of the H100. AWS aims to stand out with cost-effective, diverse cloud options, competing with Microsoft's similar approach. Release dates for H200 and Trainium2 instances are undisclosed.

🚨 Law Enforcement Alerts Public on Security Concerns with New Apple iOS Update

U.S. law enforcement warns about iOS 17.1's "NameDrop," enabling easy sharing of contacts and photos, raising unintentional data sharing concerns. Automatically enabled, agencies nationwide issued alerts, though some experts deem these overblown. Apple hasn't responded. NameDrop, similar to AirDrop, requires proximity and consent. Disabling instructions are in device settings.

SPORTS & ENTERTAINMENT

🏀 Mark Cuban to Depart 'Shark Tank' Following 16th Season

Billionaire Dallas Mavericks owner Mark Cuban revealed during a podcast interview that he's leaving "Shark Tank" after 15 years, with the upcoming 16th season being his last. He praised the show for promoting the American dream and inspiring young entrepreneurs. Cuban, who invested in numerous companies featured on the show, mentioned that he's still profitable overall, despite some setbacks. "It's time," he said when asked about his departure.

⚽ Barcelona Secures Last-16 Spot, Beating Porto 2-1 in UEFA Champions League

Barcelona rallied to beat Porto 2-1, securing their first Champions League knockout berth in three years. Pepe scored first for Porto, but Barcelona's Joao Cancelo and Joao Felix turned the game around. Coach Xavi hailed it as "an important step," emphasizing Cancelo's pivotal performance. Notably, Porto's Pepe, aged 40, became the fifth oldest player in Champions League history. 

OTHER NEWS

🌟 Warren Buffett's Close Ally, Charlie Munger, Passes Away

Billionaire investor Charlie Munger, Warren Buffett's influential partner, has died at 99, leaving a profound impact on Berkshire Hathaway. The firm praised Munger's pivotal role, with Buffett stating, "Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom, and participation." Munger, worth $2.7 billion, continued offering market insights until recently. His controversial praise for China and enduring friendship with Buffett since 1959 are integral parts of his legacy.

🌆 Austin and Santa Clara Top List as Most Popular Relocation Destinations for Millennials, Study Finds

In 2022, Smart Asset's study identified top destinations for millennials, with Texas and California cities like Austin and Santa Clara leading. One in four millennials relocated, citing abundant opportunities. A Redfin survey highlighted affordability concerns, as 18% believe homeownership is unattainable. Cambridge, Massachusetts, and Santa Ana, California, displayed low millennial migration rates. Managing Editor Jaclyn DeJohn noted city choices were influenced by educational pursuits or Silicon Valley proximity.

🔍 Hunter Biden Offers Public Testimony, Republicans Insist on Closed-Door Session

Hunter Biden defiantly offers public testimony on Dec. 13, rejecting a Republican subpoena for closed-door deposition, deeming it manipulative. The inquiry into his business dealings is labeled a "fishing expedition" by his lawyer. Republicans allege "influence peddling," demanding "full cooperation." A poll by AP News reveals public skepticism about Joe Biden's approach to his son's matters.

THIS DAY THAT YEAR

On November 29, 1947, the UN General Assembly passed Resolution 181 (II), proposing the partition of Palestine into Arab and Jewish states, and an economic union marking a crucial step in the Israeli-Palestinian conflict's history.

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