The US innovation system is facing a revitalization challenge, with venture capitalists prioritizing team capabilities, market size, and technology maturity. To overcome this, the government is employing incentives to ensure there are capable teams, mature technologies, and visible markets.
Source: https://www.forbes.com/sites/mikebrown/2024/11/17/revitalizing-the-us-innovation-system-part-two/
** Former UFC champions Stipe Miocic and Damon Jackson announce retirements following losses at UFC 309. Miocic, a two-time heavyweight champion with notable victories over Daniel Cormier and Francis Ngannou, cited his desire to walk away from the sport after a loss to Jon Jones. Jackson, a veteran lightweight fighter, retired after a submission loss to Jim Miller, ending a four-fight losing streak.
**
Source: https://www.forbes.com/sites/brianmazique/2024/11/17/former-ufc-champion-and-veteran-announce-retirements-following-losses/
SPD politician joins calls for Pistorius to replace Scholz as election candidate. This development comes amidst growing discontent with the current leadership among some party members.
Source: https://www.ft.com/content/65a36378-1f15-4c86-9e51-b6146d9dc583
**Global Economic Initiatives at Risk: Trump's Victory Raises Questions**
The G20 initiatives, a forum for international economic cooperation, may face uncertainty following Donald Trump's presidential victory. The implications of Trump's policies on global trade and finance are still unfolding. As leaders from around the world prepare to meet at the G20 summit, concerns about the potential disruption of these initiatives are growing.
Source: https://www.ft.com/content/b7c1e6a9-6d0b-40c8-a463-92664ae84520
** The Oklahoma City Thunder's offense has been hindered by a significant disparity in free throw attempts, with the team ranking 29th in the NBA. Despite driving at the rim frequently, the Thunder is averaging only 19.6 free throw attempts per game, while opponents are attempting 21.4 per game. Coach Mark Daigneault has expressed frustration with the situation, citing a cumulative frustration and a desire to focus on the game itself rather than worrying about fouls.
**
Source: https://www.forbes.com/sites/nicholascrain/2024/11/17/examining-the-impact-of-foul-disparities-on-the-thunders-offense/
Rafael Nadal's Tennis Career Earnings Total $550 Million, Forbes Estimates
Rafael Nadal has announced his retirement from competitive tennis, ending a remarkable 25-year career. According to Forbes estimates, he earned over $550 million in pretax earnings, with a significant portion coming from endorsements and business ventures. This total puts him behind only Roger Federer's $1.1 billion but ahead of Novak Djokovic's estimated earnings.
Source: https://www.forbes.com/sites/brettknight/2024/11/17/heres-how-much-rafael-nadal-earned-during-his-tennis-career/
** Real Madrid's Arda Guler Criticized for Immaturity in Turkey Performance; Coach Ancelotti's Treatment Raises Questions. Turkish footballer Arda Guler has been criticized for showing "immaturity" during a recent performance for Turkey, with coach Carlo Ancelotti facing scrutiny over his treatment of the player.
**
Source: https://www.forbes.com/sites/tomsanderson/2024/11/17/immature-arda-guler-unhappy-at-real-madrid/
"Russia has launched a 'massive' missile and drone attack on Ukraine's energy sites, according to reports. The attack is believed to be part of ongoing military tensions between the two countries."
Source: https://www.ft.com/content/22d28566-79db-4aef-8cbd-493db231f19c
"Jon Jones successfully defended his heavyweight title at UFC 309, defeating Stipe Miocic via TKO in the third round. Charles Oliveira won a unanimous decision over Michael Chandler in their rematch, with both fighters earning Fight of the Night bonus. The event featured a total of 12 fights, with winners earning various bonuses and awards."
Source: https://www.forbes.com/sites/brianmazique/2024/11/17/ufc-309-results-bonus-winners-and-highlights/
** Michael Calvey, a Russian entrepreneur and founder of Baring Vostok Capital Partners, has been jailed in Moscow after being found guilty of embezzling $30 million. His story highlights the complexities of doing business in Russia.
**
Source: https://www.ft.com/content/89a9bbb6-0926-4ddb-a081-6979ce65edda
Dangote seeks billions for new Nigerian refinery, boosting crude supplies.
The Dangote Group's plan to invest billions in a new refinery aims to increase crude oil supplies in Nigeria. This development could have significant implications for the country's energy sector and economy.
Source: https://www.ft.com/content/27ccee49-490c-4657-a700-8ebc4fd8d45e
Trading assets at US banks have surpassed $1 trillion for the first time since the financial crisis, according to recent data. This milestone reflects the growing stability and trust in the banking sector.
Source: https://www.ft.com/content/d91b3a6a-583e-486e-af03-8b977449f118
The US is re-examining its nuclear energy options, with the recent restart of the Three Mile Island nuclear plant sparking debate over the feasibility and safety of reviving the sector.
Source: https://www.ft.com/content/b90f6e21-bb8d-4606-9e5e-c4acb56b86ce
The Financial Times has published an article exploring the concept of a "glass ceiling" in the context of global superpowers. According to the report, the idea suggests that certain nations are held back from achieving their full potential due to internal or external barriers.
Source: https://www.ft.com/content/0acd048e-6000-4dd4-b961-c00b36f03ba5
The Financial Times reports on Maga Inc, a company affiliated with US President Donald Trump. The article highlights how allies of the former president may benefit from an "anti-woke" resurgence in popularity. This trend is reportedly driven by conservative voters who oppose what they see as excessive cultural sensitivity and progressive values.
Source: https://www.ft.com/content/daae53d0-3825-4d83-b8fd-a4478ccf3050
Senator Shelley Moore Capito discusses her views on President Trump and the electric vehicle (EV) tax credit in a recent video interview. The senator, who represents West Virginia, shared her thoughts on various topics, including the EV tax credit, which has been a point of contention in the US Congress.
Source: https://www.bloomberg.com/news/videos/2024-11-15/sen-shelley-moore-capito-on-trump-ev-tax-credit-video
China's National Bureau of Statistics is set to release retail sales, industrial production, and fixed-asset investment data for October. Analysts predict a 3.8% year-on-year growth in retail sales, up from 3.2% in September, and a 5.6% rise in industrial production. The data comes amid China's efforts to boost economic growth through stimulus measures.
Source: https://www.cnbc.com/2024/11/15/china-set-to-report-retail-sales-and-industrial-production-data-for-october.html
** A court has sentenced a hacker to 5 years in prison for their involvement in a significant bitcoin heist. The incident is considered one of the largest in history, with substantial financial losses reported. The sentencing marks a major milestone in efforts to combat cybercrime and protect digital assets.
**
Source: https://www.ft.com/content/97b1d572-227c-450c-a47f-03dc2ee89068
BREAKING: Gaetz nomination questioned, banks face climate risk concerns. The US House Judiciary Committee is reportedly reviewing Rep. Matt Gaetz's (R-FL) nomination for a committee position amidst controversy surrounding his past actions. Meanwhile, major financial institutions are being scrutinized for their handling of climate-related risks and potential liabilities.
Source: https://www.bloomberg.com/news/audio/2024-11-14/gaetz-nomination-questioned-banks-climate-risk-question-more
** Georgia Bulldogs face a must-win situation against Tennessee Vols in their quest for College Football Playoff (CFP) contention. Despite ranking first in the preseason AP poll, Georgia's 7-2 record and 12th spot in the CFP rankings have put them on the outside looking in. A victory over Tennessee is crucial to keep their CFP hopes alive.
**
Source: https://www.forbes.com/sites/timcasey/2024/11/14/georgia-needs-victory-over-tennessee-to-remain-in-cfp-contention/
A $1 billion proposal to revamp Houston's Astrodome has been unveiled by the private nonprofit Astrodome Conservancy. The plan, dubbed Vision: Astrodome, aims to turn the historic stadium into a mixed-use destination with 450,000 square feet of revenue-generating space, four new buildings, and a sweeping boulevard inspired by New York City's Highline. However, the proposal has met resistance from the Houston Livestock Show & Rodeo, which has expressed concerns about operational requirements.
Source: https://www.forbes.com/sites/timnewcomb/2024/11/14/new-astrodome-proposal-a-1-billion-question-mark/
**Social Security Benefits and the Trump Presidency**
The presidential election has raised concerns about the future of Social Security benefits. Experts warn that policies proposed by President-elect Donald J. Trump could weaken the program's finances, jeopardizing payments for retirees. Social Security faces a long-standing financing shortfall due to demographic shifts and declining birthrates. The program's primary source of funds comes from payroll taxes, which have been affected by changes in the country's income base.
Source: https://www.nytimes.com/2024/11/14/business/trump-social-security-benefits.html
Latino Night, a boxing event, takes place on November 16th in Riyadh, Saudi Arabia. The card features a cruiserweight unification bout between Gilberto "Zurdo" Ramirez and Chris Billiam-Smith, as well as other fights including Jose Ramirez vs. Arnold Barboza Jr. The event is free to fans on DAZN and aims to showcase Latino fighters.
Source: https://www.forbes.com/sites/brianmazique/2024/11/14/latino-night-10-things-you-should-know-about-the-boxing-card/
** Temu Faces Regulatory Challenges in Southeast Asia Amid Global Expansion
Temu, a Chinese-parented online marketplace, is facing regulatory challenges in Indonesia and Vietnam after being banned from trading in Indonesia and warned by Vietnam's Industry and Trade Ministry. The company's rapid expansion into the Southeast Asian e-commerce market has raised concerns over quality control and compliance with local regulations.
**
Source: https://www.forbes.com/sites/markfaithfull/2024/11/14/temu-faces-growing-scrutiny-as-indonesia-and-vietnam-express-concerns/
SEC Chairman Gary Gensler Reviews Accomplishments, Defends Crypto Regulation Approach
Gensler highlighted disclosure rules and market structure changes during his speech at the Practising Law Institute's annual conference. He also defended his agency's approach to regulating crypto assets, stating that those offered or sold as securities must register and comply with SEC regulations.
Source: https://www.cnbc.com/2024/11/14/gary-gensler-reviews-accomplishments-was-proud-to-serve-as-sec-chair.html
Mizuho, a Japanese banking giant, has raised its profit forecast and announced a share buyback plan. This move indicates confidence in the company's financial performance and may signal investor optimism. However, market reactions will depend on various factors, including economic conditions and industry trends.
Source: https://www.bloomberg.com/news/articles/2024-11-14/mizuho-raises-profit-forecast-announces-share-buyback
UFC 309 Preview: Main Event Uncertainty, Potential Double Retirement, and Newcomer Mauricio Ruffy Makes Promising Debut. The Ultimate Fighting Championship (UFC) is set to host its 309th event at the Madison Square Garden in New York City on November 18th. The main event features a highly anticipated match between Heavyweight champions, Francis Ngannou's replacement, Jon Jones, and Stipe Miocic, but there's uncertainty surrounding whether both fighters will compete beyond Saturday.
Source: https://www.forbes.com/sites/brianmazique/2024/11/14/ufc-309-20-things-you-should-know/
** UK Plans Large Pension Funds, Aiming to Boost Savings and Investment in Retirement
The UK government is considering introducing "megafunds" - large pension funds designed to pool resources and boost savings for retirement. The proposed funds aim to increase investment opportunities and provide more comprehensive coverage for workers.
This move follows concerns about the country's aging population and the need for secure retirement planning. Details on implementation, funding, and management of these megafunds are still being discussed.
**
Source: https://www.bloomberg.com/news/audio/2024-11-14/bloomberg-daybreak-europe-uk-plans-pension-megafunds-podcast
** Britain's motor finance industry is facing a crisis after a landmark court ruling, prompting warnings of potential multi-billion-pound payouts to consumers. The Court of Appeal ruled it was unlawful for car dealers to receive bonuses from banks providing motor finance without customer consent. Analysts compare the situation to the UK's payment protection insurance (PPI) scandal, which cost banks over £50 billion.
**
Source: https://www.cnbc.com/2024/11/14/uk-car-finance-industry-in-crisis-with-banks-bracing-for-mega-payouts.html
Bitcoin price surges above $93,000 as investors react to election and inflation data. The cryptocurrency's value is influenced by anticipation of weaker regulations under the incoming Trump administration. Traders also digest October inflation data, which shows a 0.2% increase in consumer prices, bringing the 12-month inflation rate up to 2.6%. Other cryptocurrencies like Ether and Solana token see small gains.
Source: https://www.wionews.com/business-economy/bitcoin-tops-93000-as-investors-react-to-election-and-inflation-data-776011
The World Trade Organization's (WTO) trade rules system is facing scrutiny and potential overhaul under the administration of US President Donald Trump. Background: The WTO has been in operation since 1995, aiming to reduce trade barriers and promote free trade among its member countries. Concerns have been raised about the effectiveness of these rules and their impact on global trade.
Source: https://www.ft.com/content/68436c21-5b8e-4aab-b6bd-345a47340029
Goldman Sachs faces internal power struggle over its China venture, according to a recent Financial Times article. The article sheds light on the bank's years-long efforts to establish a presence in China and the tensions that have arisen between different factions within the company.
Source: https://www.ft.com/content/23128945-0378-4557-bf00-c33fe37218fb
** Microsoft President Warns US and Europe: China Closing Technology Gap
The president of Microsoft, Brad Smith, has cautioned that China is rapidly closing the technological gap with the West. Speaking at a tech conference in Lisbon, Portugal, Smith warned that the assumption that China lags behind the US and Europe on technology is no longer valid.
**
Source: https://www.wionews.com/business-economy/microsoft-president-china-closing-technology-gap-with-the-west-776022
"US Congressional Shift: Republicans Gain House Majority
In a significant shift, Republicans have secured control of Congress, winning a majority in the House. This development marks a change in power dynamics in the US legislative branch."
Source: https://www.ft.com/content/26387a5c-425d-428c-9a57-922f16a15864
**
US Senate Majority Leader John Thune has been elected, marking a shift in leadership following controversy surrounding Trump allies. Thune's selection was made amidst reports of growing tensions within the party.
**
Source: https://www.ft.com/content/bbd9d071-b8cc-41a7-b2b7-0ce9de7ad4ed
US President Trump has appointed Elon Musk and Vivek Ramaswamy to lead a government efficiency effort. This initiative aims to improve the country's administrative processes and reduce bureaucratic red tape. The move is part of the administration's broader agenda to streamline governance and enhance public service delivery.
Source: https://www.ft.com/content/a8e7c76d-1098-47d1-8ac6-f6f026b18631
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