Layoffs, Semiconductors, And Books

Good Evening 🇺🇸,

What happened today,

• General Motors laid off about 1000 employees today as the company attempts to cut costs and reorganize to compete better in the automobile market

• DOW 305.87 points /S&P down 78.55 points

• Retail sales in the U.S. rose .4% in October beating the .3% expectations

• The Biden Administration said it has finalized a $6.6 billion government grant for TSMC's U.S. unit for semiconductor production in Phoenix, Arizona, they wanted to get this done before Trump took office

• Two Missouri officers have been accused of stealing nude photos from multiple women during traffic stops, the two officers were charged in separate cases of illegally searching women’s phones for explicit images

• Conan O’Brien will host the 2025 Oscars on ABC

• The murder trail for Laken Riley began today, she was a college student who was killed by an undocumented immigrant from Venezuela

• Barnes and Noble will open 12 new store locations this month and will hit 60 news store openings in total by the end of the year which was their goal 📕📗

• Kim Jong Un of North Korea has called for the mass production of suicide drones

• Hamas is reported to be ready for a “ceasefire” and an end to the war in Gaza

Plus: A cool post on the development of the U.S., click on the post to watch how American transformed over the years!

Please follow The Simple American on X/Twitter @TSimpleAmerican

Quote of the day: “Keep your eyes on the stars, and your feet on the ground.” ―Theodore Roosevelt

Have a great weekend!

P.S. Email us at [email protected] for more info on any news points in the letter or feel free to give any feedback you have!