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Anna's Daybreak News

Monday, 5:33 AM

October 7, 2024

Good morning news friend! Keep your finger on the pulse with the latest updates, staying attuned to the ever-changing events around you. 📰🌟

In this 1 year anniversary of the horrific terror attacks in Israel, I wish for peace and safety to all those who truly seek peace and safety.

Blowout US Jobs Report

In September, the US economy added 254,000 jobs, 140,000 were expected. A rebound from August's 159,000 jobs. Unemployment fell to 4.1%, down from 4.2%. 

Restaurants and bars created 69,000 jobs, while healthcare added 45,000. Government employment rose by 31,000, and construction added 25,000 jobs.

Average hourly earnings increased by 0.4%, a 4% rise year-over-year. The economy had a 3% growth rate reported last quarter.

Analysts predict the Fed will likely opt for a quarter-point rate cut in November rather than the previously considered half-point cut. 

Source: Read More

The Affordable Housing Crisis

Up to 223,000 affordable housing units will lose their affordability within the next five years.

These homes were established through the Low-Income Housing Tax Credit (LIHTC) program, which has provided 3.6 million units since 1986.

LIHTC properties remain affordable for 30 years. As buildings reach this limit, many will convert to market rates. LIHTC residents will see rent hikes from $1,100 to $2,660.

Local governments are struggling to secure funding to purchase expiring properties. Many families with incomes below the national median are caught in eviction battles.

Source: Read More

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Google’s Grip on Search Slips

For the first time in over a decade, Google’s market share in search advertising in the US is expected to dip below 50% next year. This market is worth $300 billion. Amazon is forecasted to capture 22.3% of the market in 2024, with a 17.6% growth.

TikTok has over three billion global daily searches. Their US ad revenue is set to rise by 38.1% this year, though it still holds just a 3.4% share of the US digital ad market.

Perplexity, an AI search startup, processed 340 million queries in September alone. In contrast, Google processes two trillion searches annually.

Almost 60% of US consumers used a chatbot to help research or decide on a purchase in the past 30 days.

Source: Read More

Hurricane Milton Approaches Florida

Hurricane Milton formed in the Gulf of Mexico, rapidly intensifying from a tropical storm. It is expected to make landfall on Wednesday, potentially near Tampa Bay.

The National Hurricane Center predicts Milton will reach a Category 3 status with winds up to 120 mph.

The storm’s path over warm waters will likely fuel its growth. Heavy rain may result in up to a foot of water in parts of Florida.

Florida Governor Ron DeSantis declared a state of emergency for 35 counties. Milton is the fifth hurricane out of 8 to 13 forecasted for this years.

 Source: Read More

Nuclear Energy: From Fission to Fusion

For decades, nuclear fission provided reliable electricity but faced setbacks due to high-profile accidents.

Fear persists, despite nuclear’s low death rate of just 0.03 per terawatt hour, comparable to solar and wind. Safer than oil and coal.

Nuclear fusion is emerging as a clean energy solution. Over 40 startups are now developing fusion technology, backed by over $7 billion in funding.

In 2022, researchers achieved net energy from a fusion reaction. However, experts expect commercialization of fusion could take 5-10 years.  

Source: Read More

“To be completely cured of newspapers, spend a year reading the previous week’s newspapers.”

Baked with love,

Anna Eisenberg ❤️