🗞️ Foldable iPhones And A $100 Billion Investment

December 16th, 2024

Good Evening 🇺🇸,

What happened today,

• Apple is developing and plans to release a foldable iPhone and iPad in the next few years

• ABC News will pay $15 million in a settlement reached with President-elect Tump in his defamation lawsuit against the network and anchor George Stephanopoulos

• 13% of Americans are tapping retirement funds to cover rental housing costs, per Redfin

• SoftBank CEO, Masayoshi Son, announced a $100 billion investment in the U.S. and it will create 100,000 jobs focused on artificial intelligence and related infrastructure

• DOW down .25% /S&P up .38%

• President-elect Trump said he would consider issuing a pardon for New York City Mayor Eric Adams

• Ingrid Lewis-Martin, chief adviser to NYC Mayor Eric Adams, resigns and expects to be indicted

• Starting in March Starbucks will give 18 weeks of paid parental leave, up from the 6 weeks they currently offer

• German Chancellor, Olaf Scholz, lost a confidence vote in the country's Bundestag (the German federal parliament) clearing the path for an early election in February

• Prince Andrew will not join royal family for Christmas in order to not be a distraction after alleged ties to a Chinese spy who has been identified and barred from the U.K.

Plus: A Gallup poll showing 62% of adults think it’s the federal government’s responsibility to ensure all Americans have healthcare coverage

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Quote of the day: “You’ve got to get up every morning with determination if you’re going to go to bed with satisfaction.” —George Lorimer

Have a great night!

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!