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- War Breaks Out in Israel, US Jobs Melt Fed's Narrative and FTX Trial Heats Up
War Breaks Out in Israel, US Jobs Melt Fed's Narrative and FTX Trial Heats Up
Anna's Daybreak News
Good morning news enthusiast! Join us in the realm where headlines ignite, stories come to life, and a world of information awaits your discovery📰🌟
War Breaks Out in Israel After Horrific Terror Attacks
In what seems like a grim re-run of a Hollywood catastrophe movie, the Hamas group launched a surprise terror attack in Israel.
Hamas infiltrated the heavily fortified border with Isreal in several locations through air, land, and sea, while also launching thousands of rockets at daybreak on Saturday, Oct. 7, 2023.
The scale and brutality of this attack has no precedents in Israel’s history. So far, 700 Israeli nationals have been killed, mostly civilians. Another 2200 people have been hospitalized and around 100 have been taken back to Gaza as hostages, amongst them women and children.
Israel immediately retaliated with airstrikes to Hamas targets in Palestine. Over 400 Palestinians fell victim to Israel's powerful blowback.
Israel has officially declared war on Hamas and a long protracted and bloody clash is expected.
Countries like Turkey are now stepping on the court, offering to lead a diplomatic solution. Meanwhile, the US is moving U.S. Navy ships and military aircraft closer to Israel as a deterrent for further attacks from Israel’s neighbours.
Regardless of our political leanings and religion, it should always be clear that terrorizing innocent civilians is not acceptable.
Bankman-Fried Serves Scalding Hot Cup of Scandal Soup
In a new edition of the crypto trial of the century, FTX's co-founder Gary Wang sang like a canary in court, causing the tumble of Sam Bankman-Fried(SBF), the other FTX co-founder.
Wang claimed that Bankman-Fried didn't just dip his fingers, but wholeheartedly plunged into the cookie jar of FTX customers' funds.
According to Wang, SBF used customer’s assets to cover the financial gaps at affiliated hedge fund Alameda Research.
Wang accuses Bankman-Fried of masterminding one of the biggest frauds in U.S history. Borrowing a page from Bernie Madoff’s book, but we would have been happier if SBF only borrowed Madoff’s hairstyle.
Fed's Narrative Melts as Job Growth Sizzles On
In a display of economic disobedience, US employers in September ignored the forecasts of Federal Reserve officials, beefing up their workforce by adding a staggering 336,000 positions.
This return to pandemic-levels of hiring spat in the face of slowdown speculations, and further complicated things for the Fed.
Investors have now heightened their bets on the Fed hiking the interest rates by another quarter percentage point this year.
Meanwhile, the US economy, the reigning champion of resilience, continues to flex its muscles amidst Fed's quickest rate hikes in a generation.
As bond markets justified another hop, skip, and jump in the interest rates, the Fed now finds itself at the crossroads of economic irony, feverishly trying to orchestrate a "soft landing" while juggling fiery job growth, stubborn unemployment rates, and the ghost of financial crises past.
Do you think the US will be able to avoid a recession? |
Hackers Make a Field Day with 23andMe Data
Genomics company 23andMe revealed that cyber snoops managed to snatch user data, thanks to their shrewd guesswork and the users' penchant for password recycling.
These crafty keyboard warriors then flaunted their ill-gotten genetic data booty, including a tantalizing selection of Ashkenazi Jewish lineage data points, on hacker forums.
With price tags ranging from $1 and $10 per account, it seems bio-data is the new oil.
Supposedly, tech titans Mark Zuckerberg and Elon Musk were part of the sample set for sale – although the legitimacy of these 'celeb gene' entries has not been confirmed.
The stolen stash features juicy tidbits like sex, birth year, and geographic ancestry information.
23andMe's stock took a nosedive, echoing its user's faith in the company.
Baked with love,
Anna Eisenberg ❤️
What did you think of today's edition? |