Newsletter Feb 21, 2024

Quick Six

US vetoes UN resolution on Gaza ceasefire but offers plan
The US vetoed a UN Security Council resolution Tuesday calling for an immediate ceasefire in Gaza, while circulating its own proposal for an eventual truce as President Joe Biden comes under pressure to dial back support for Israel. The vote comes as Israel prepares to move into the southern Gaza Strip city of Rafah, where some 1.4 million people have fled, as part of its mission to destroy Hamas. However, Israel is facing increased pressure to hold off, including from its closest ally the US.
SEE THE DETAILS OF THE US PLAN FOR GAZA CEASEFIRE

Capital One merger with Discover would create banking giant
Capital One's proposed merger with the US credit card specialist Discover has reshuffled the deck in a fast-growing sector in the US, where cash is gradually disappearing from the landscape. The all-stock deal, worth around $35.3 billion, is expected to close in about a year and will be subject to antitrust scrutiny. If the merger goes through, it would create a US banking behemoth.
SEE THE TERMS OF THE DEAL AND THE VALUE OF STOCK

Black women are leading the charge in US home ownership
In the evolving landscape of home ownership, a major trend is emerging: Black women are leading the charge in purchasing homes, outpacing Black men and even their counterparts from other racial backgrounds. According to an NAR report, single Black women comprise of 27% of US female homebuyers.
SEE HOW OTHER SEGMENTS STACK UP TO THIS TREND

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Markets

DJIA	38,563.80	-0.17%
S&P 500	4,975.51	-0.60%
Nasdaq Composite	15,630.78	-0.92%
Japan: Nikkei 225	38,363.61	-0.28%
UK: FTSE 100	7,719.21	-0.12%
Crude Oil Futures	78.27	-1.16%
Gold Futures	2,035.90	0.58%
Yen	149.96	-0.03%
Euro	1.08	0.02%
* As of market close

Global operation takes down LockBit group

An international operation led by UK and US law enforcement has severely disrupted "the world's most harmful cybercrime group", the Russian-linked ransomware specialist LockBit, officials announced Tuesday. LockBit and its affiliates have targeted governments, major companies, schools and hospitals, causing billions of dollars of damage and extracting millions in ransoms from victims. The FBI, Britain's NCA, Europol and agencies from nine other nations took part in the action.

SEE HOW THE OPERATION PUT A BIG DENT IN CYBERCRIME

Musk: First Neuralink implant passes test

In a groundbreaking development, Elon Musk shared that a patient implanted with Neuralink's technology can control a computer mouse simply by thought. This achievement marks a major milestone for Neuralink, Musk's startup aimed at leveraging brain implants to restore lost capabilities and boost human functions such as vision, motor skills, and speech. Neuralink's revolutionary brain implant has garnered attention for its potential to transform human-computer interaction.

SEE WHY OTHER TECH GIANTS AREN'T SOLD ON IMPLANTS

Trump compares his troubles to Navalny's

Former President Donald Trump has broken his silence on the death of Kremlin critic Alexei Navalny, comparing the beloved Russian opposition leader's shock passing in prison to his own legal woes, and failing to condemn Russian President Vladimir Putin, whom President Joe Biden and other Western leaders have blamed for Navalny's death.

SEE THE CRITICISM RUSSIA IS GETTING OVER NAVALNY DEATH

Extra point

What US opposition leader was assassinated on this date in 1965?

Tuesday's answer: The Eiffel Tower (984 feet/300 meters) was the world's tallest building when it opened in 1889, before losing the title to New York City's Chrysler Building (1,016 feet/319.5 meters) in 1930.

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