Newsletter May 23, 2024

Quick Six

Ex-rival Haley admits she will vote for Trump despite fallout
Former presidential hopeful Nikki Haley said Wednesday she will vote for Donald Trump in November's election, ending months of silence after quitting the contest to choose a Republican to face Joe Biden. The former South Carolina governor abandoned her White House ambitions in March but had not previously indicated whether she would support the man who called her "birdbrain." Yet she continued to scoop a significant chunk of votes in presidential primary contests -- underlining a persistent refusal among a sizable bloc of Republicans to get behind Trump.
IS HALEY THE NEW FRONTRUNNER FOR TRUMP'S VP PICK?

Fed minutes show growing concern over stubborn inflation
A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting. Fed policymakers voted to hold rates after the rate-setting meeting concluded on May 1, as they sought to tackle inflation still stuck firmly above the bank's long-term target of 2%.
WHAT ANALYSTS SAY ABOUT THE ODDS OF A RATE HIKE

Huawei putting pressure on Apple to build better iPhones
Apple needs to do more than just cut iPhone prices to effectively compete against rival Huawei and win back Chinese consumers. It must come up with a better product for the Chinese market. Apple's iPhone has intense competition from local companies. The Chinese technology giant has launched several new models.
WHY APPLE FACES AN UPHILL BATTLE AGAINST HUAWEI

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Markets

DJIA	39,671.04	-0.51%
S&P 500	5,307.01	-0.27%
Nasdaq Composite	16,801.54	-0.18%
Japan: Nikkei 225	38,617.10	-0.85%
UK: FTSE 100	8,370.33	-0.55%
Crude Oil Futures	77.15	-0.54%
Gold Futures	2,382.60	-0.43%
Yen	156.76	-0.03%
Euro	1.08	0.00%
* As of market close

Trump: Biden wanted me killed in FBI raid

Donald Trump drew disbelief and some support Wednesday after calling standard language in an FBI search warrant executed in 2022 on his Florida mansion showed that President Joe Biden wanted agents to shoot him. Trump's latest complaint was in response to a court filing outlining the FBI search at Mar-a-Lago, where he kept classified national security documents after leaving the White House. The filing included standard FBI wording stating that armed agents are allowed to use deadly force if someone's life is in imminent danger.

WHY MORE CLASSIFIED DOCS WERE FOUND AFTER SEARCH

Amazon plans AI upgrade, fee for Alexa

Amazon is planning to overhaul Alexa and include AI in its system. While this may sound quite exciting and cool to many, it comes with a catch -- a monthly subscription fee meant to offset the cost of the development of the technology. Amazon will be launching a "more controversial" version of Alexa, competing with other tech giants' AI-powered chatbots. Two familiar names that have already made AI technology a part of their companies include Google and OpenAI.

HOW MUCH WILL SUBSCRIBERS PAY FOR NEW AI FEATURES?

Judge blocks sale of Elvis' Graceland estate

A judge in Tennessee on Wednesday temporarily halted a foreclosure sale of Graceland, the historic home of Elvis Presley in Memphis. The auction had been scheduled to take place Thursday but was paused. Presley's granddaughter, actress Riley Keough, filed a lawsuit seeking to block the sale of the sprawling estate. A company was seeking to auction off Graceland, claiming that Keough's mother, Lisa Marie Presley, had put it up as collateral in 2018 for a $3.8 million loan.

ELVIS' GRANDDAUGHTER IS FIGHTING TO SAVE GRACELAND

Extra point

Graceland is the second-most visited residence in the US. What's No. 1?

Wednesday's answer: World War II hero-turned-movie star Audie Murphy played himself in the 1955 biopic "To Hell And Back".

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