Anna's Daybreak News

_{Just facts, you think for yourself}

Friday, 5:23 AM

November 15, 2024

Good morning news friend! Stay tuned to the latest happenings, keeping track of the events shaping today’s world. 📰🌟

The End of EV Tax Credits

President-elect Donald Trump's transition team plans to eliminate the $7,500 consumer tax credit for electric-vehicle (EV) purchases.

Tesla representatives expressed support for ending the subsidy, suggesting it might hurt competitors more than Tesla itself.

In the third quarter of 2024, Tesla held a market share of nearly 50% of all EV sales. Other automakers like General Motors and Ford lag behind.

Trump aims to use the savings from this tax credit to fund tax cuts which are set to expire.

Source: Read More

Jobless Claims Hit Six-Month Low

Weekly jobless claims fell to 217,000. A decrease of 4,000 claims for the week ending November 9, 2024. Economists had predicted 223,000 claims. Moreover, the four-week average dropped by 6,250 to 221,000.

Continuing claims decreased by 11,000 to 1.873 million for the week ending November 2. In October, nonfarm payrolls grew by 12,000 jobs, the lowest increase in nearly four years.

The average rate for a 30-year fixed mortgage is currently 6.78%. Down from 6.79% last week.

Fed Chair Jerome Powell expressed that the Fed has no need to rush rate cuts give the strength of the economy.

Source: Read More

Disney's Strong Q3

Disney reported adjusted earnings-per-share (EPS) of $1.14, surpassing estimates of $1.10. Revenue for the quarter reached $22.6 billion, exceeding forecasts of $22.45 billion.

Looking ahead, Disney anticipates high single-digit EPS growth in fiscal 2025 and expects double-digit growth in 2026 and 2027. And plans a $3 billion share buyback.

Disney+ gained 4.4 million new subscribers, reaching 122.7 million outside of India. The streaming division is projected to see a profit of $1.01 billion for fiscal 2025.

However, operating income from theme parks dipped 6% due to rising costs and international competition.

Source: Read More

TikTok’s AI Video Platform

TikTok launched a new AI video creation platform, Symphony Creative Studios, available to all advertisers globally. This initiative aims to enhance TikTok’s advertising business.

The suite includes several tools: Symphony Assistant, Symphony Digital Avatars, and TikTok ads manager.

Symphony Creative Studios features a virtual assistant that automates content creation tasks.

Key capabilities include converting text into videos, creating editable previews, remixing content, and generating digital avatars. The platform also supports translation services.

Source: Read More

Unpacking Intermittent Fasting

Intermittent fasting gained popularity in the late 2010s. It primarily aims to reduce calorie intake. Studies suggest time-restricted eaters consume 200 to 500 fewer calories daily.

A six-month study found fasters lost about 8% of their body weight but showed no significant health benefits. Concerns arise regarding muscle mass. Time-restricted eaters reportedly lost double the lean mass compared to fat mass.

Prominent health figures, including Dr. Peter Attia, have reconsidered fasting practices due to muscle loss and unclear benefits. Jake Boone, a former athlete, described mood swings and injuries while fasting, leading him to abandon the practice.

Emerging research remains limited. Most studies involve small groups, primarily focusing on specific conditions like diabetes.

Source: Read More

“If you get easily bored, it means that your BS detector is functioning properly.”

Baked with love,

Anna Eisenberg ❤️