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BUSINESS & ECONOMY

📉 Inflation May Return to 2% Amid Deflation Shift

Deflation in goods like appliances and used cars could help the U.S. meet the Federal Reserve's 2% inflation target by late 2024, reports The Wall Street Journal. Morgan Stanley predicts core goods deflation will hasten, dropping personal consumption expenditure inflation to 1.8% by September 2024. Despite this, spending on services and travel rises, with consumers increasingly using credit cards for these expenses.

📈 Bitcoin Surpasses $40K Mark, Hits 19-Month High During Widespread Crypto Upsurge

Bitcoin recently crossed $40,000, a peak since May 2022, while Ethereum exceeded $2,200 amid a subdued crypto rally, linked to U.S. central bankers' dovish comments and hopes for a U.S. Bitcoin ETF. Gold also hit a record high following Federal Reserve Chairman Powell's hints at a rate cut. Lucy Hu, Senior Analyst, declared, "This is an official statement of a bull run and the price could see more upticks in the coming weeks." The market anticipates Bitcoin's rise to $45,000 by March 2024.

WORLD

🗳️ Venezuelan Electorate Dismisses ICJ's Role in Guyana Border Conflict

In a pivotal referendum, Venezuelans overwhelmingly supported creating a state in the oil-rich Esequibo region, dismissing the International Court of Justice's authority over the border dispute with Guyana. President Maduro, proclaiming the vote a "total success," demonstrated his political clout ahead of the 2024 elections. The decision, marked by low voter turnout and unilateral support, escalates tensions, affecting regional dynamics with Guyana and Brazil.

🚢 US Warship and Commercial Vessels Attacked in Red Sea

In a notable maritime escalation, Yemen's Houthi rebels, backed by Iran, attacked commercial vessels in the Red Sea, countered by U.S. warship drone interceptions. The U.S. military's Central Command decried the attacks as a "direct threat to international commerce and maritime security," attributing Iran's support. Amid escalating tensions regarding Iran's nuclear program, the U.S. is deliberating on appropriate measures in response.

SCIENCE & TECH

🤖 OpenAI Files for GPT-6, GPT-7 Trademarks in China

OpenAI, known for ChatGPT, is seeking trademarks for "GPT-6" and "GPT-7" in China, indicating its ongoing AI advancements. Despite no services in China, this move follows the evolution from GPT-3.5 to the more advanced GPT-4. 

🔗 WhatsApp Planning Feature to Share Status Updates Directly with Instagram

WhatsApp's new feature, found in its latest Android beta, allows users to seamlessly share status updates to Instagram stories. While this integration, part of Meta's cross-app synergy strategy, facilitates broad content distribution, it may not suit users seeking distinct messaging for each platform. The feature, still in development, also contends with Instagram's superior story creation tools, indicating potential future enhancements.

SPORTS & ENTERTAINMENT

🌟 Taylor Swift Sets Record as First Artist to Dominate Billboard 200 Albums Chart

Taylor Swift makes history as the first living artist with five top 10 albums on Billboard 200, headlined by "1989 (Taylor's Version)." Named Spotify's most-streamed artist of 2023, she thanks fans in a note, "Getting named Spotify’s Global Top Artist in 2023 is truly the best birthday/holiday gift," and surprised fans by releasing "You’re Losing Me (From The Vault)" on streaming services.

🏈 Mike Evans Sets NFL Record with 10 Consecutive 1,000-Yard Seasons

Mike Evans made NFL history as the first receiver with 1,000 receiving yards in each of his first 10 seasons, surpassing legends like Jerry Rice and Randy Moss. Achieving this in the Buccaneers' 21-18 win over the Panthers, Evans, demonstrating exceptional consistency since his 2014 debut, has been a key player for the Buccaneers, who, with a current record of 5-7, are gearing up for their next game against the Falcons.

OTHER NEWS

📣 US Muslims to Abandon Biden in 2024 Due to His Israel-Gaza War Stance

Muslim American leaders in Minnesota, Michigan, Arizona, Wisconsin, Pennsylvania, and Florida have initiated the #AbandonBiden movement, protesting President Biden's support for Israel in the Gaza conflict. The campaign, gaining momentum from Minnesota to crucial swing states, focuses on Biden's reluctance to demand a ceasefire. This growing dissent among Muslim and Arab American voters poses a potential challenge to Biden's re-election bid. 

🌧️ Heavy Rain and Snow Forecasted for Northwest U.S. Due to Atmospheric Rivers

Atmospheric rivers are set to bring significant rain and snow to the Northwest U.S., with 3-7 inches of rain in Washington and Oregon, and over a foot of snow in parts of Idaho, Wyoming, and Utah. Flooding concerns are heightened in areas with fresh snowpacks. The National Weather Service cautions, “Those in areas prone to flooding should be prepared to take action,” as the storms persist through Wednesday.

THIS DAY THAT YEAR

On December 1, 1988, the first World AIDS Day was observed, marking a global effort to raise HIV/AIDS awareness. This year marks the 35th anniversary, uniting people worldwide in support and remembrance, highlighting community-led initiatives to end the epidemic.

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