Good evening, it is Wednesday, June 12, and we're covering Big breakthrough for XRP/Ripple, Supreme Courts to hear Facebook appeal tied to Analytical breach, A chance to free US hostages from HAMAS & much more! First time reading? Sign up here. | | American Fact of the Day! | The origin of the iconic song "Happy Birthday to You." Written by sisters Mildred J. Hill and Patty Smith Hill, the song was originally titled "Good Morning to All" and was intended as a classroom greeting song for children. The melody was composed by Mildred in 1893, with Patty adding lyrics later. Over time, the lyrics evolved to become the familiar "Happy Birthday to You" we know today. In 1935, the song was copyrighted, leading to ongoing debates and legal disputes over its ownership and usage rights. Despite its simple origins, "Happy Birthday to You" remains one of the most widely recognized and performed songs in the world, ingrained in American culture as the go-to tune for celebrating birthdays. |
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| | | Blackrock warns "Prepare for a recession unlike any other." Central banks igniting a global recession with their fight to stop inflation. | Advertisment |
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| | Breaking Updates | | Biden admin has discussed potentially negotiating unilateral deal with Hamas to free U.S. hostages | The Biden administration is reportedly considering negotiating directly with Hamas to secure the release of five Americans held hostage in Gaza. Talks would bypass Israel and involve Qatari intermediaries. Officials believe Hamas is holding the hostages, taken during a terrorist attack on Israel in October. They also seek the remains of three Americans killed in the attack. While specifics of potential deals remain unclear, Hamas might be incentivized by strained US-Israel relations and pressure on Israeli Prime Minister Netanyahu. Negotiations are seen as potentially influencing Netanyahu's stance on ongoing cease-fire talks.
| The hostages' families support such negotiations, expressing hope for their loved ones' safe return. Recent Israeli hostage rescues and subsequent casualties in Gaza have complicated diplomatic efforts. Secretary of State Antony Blinken's forthcoming trip aims to address these challenges, though the successful Israeli operation has bolstered Netanyahu's resolve for continued military action. | The US has previously engaged in prisoner swaps but faces uncertainties regarding acceptable terms and prisoners. Despite awaiting Hamas' official response to a cease-fire proposal, the Biden administration views negotiations with Hamas as a viable option if diplomatic efforts falter. | Read more updates here |
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| The Fed is winning its battle against inflation. So why isn't it cutting rates? | The Federal Reserve, despite significant progress in reducing inflation from over 7% to 2.7%, remains unwavering in its commitment to achieving a 2% target. Even as they approach their June meeting, where they are expected to maintain interest rates unchanged, Fed Chair Jerome Powell emphasizes their dissatisfaction with 3% inflation and their refusal to settle for anything less than 2%. | Key to the Fed's stance is the recognition of the crucial role public perception plays in shaping inflationary trends. Ben Bernanke's assertion that monetary policy is predominantly about communication underscores the importance of managing expectations. The Fed understands that if public expectations remain anchored around 3% inflation, it becomes challenging to drive inflation down further. | Despite recent improvements, concerns linger regarding inflation's trajectory. Various indicators suggest inflationary pressures persist, with core inflation remaining elevated at 3.7%. While CPI isn't the Fed's primary inflation gauge, it provides valuable insights into the challenges faced by Americans. Fed officials acknowledge the need for more substantial evidence of sustained moderation before considering adjustments to monetary policy. | Read more updates here | | | American Sports & Culture |  | Watch All Three Races of McKenzie Long's Triple Crown at 2024 NCAA Outdoor Championships - Ole Miss Athletics - Hotty Toddy | EUGENE, Ore. – McKenzie Long turned in three dominant performances in less than three hours' time to complete just the seventh sweep on the women's side of t... |
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|  | With Dan Hurley staying at UConn, where do LeBron James and the Lakers go from here? | Who should be the Lakers' top coaching target moving forward? And will LeBron James still be a Laker next season? |
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|  | Florida Panthers pull away in third period to defeat Edmonton Oilers, take commanding 2-0 lead in Stanley Cup Final | CNN | Evan Rodrigues scored twice in the third period, and the Florida Panthers scored four unanswered goals to defeat the Edmonton Oilers 4-1 in the NHL Stanley Cup Final Monday to take a commanding 2-0 lead at Amerant Bank Arena in Sunrise, Florida. |
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| American Business & Markets |  | Ripple launches new fund to drive blockchain innovation in Japan and South Korea | Ripple on Tuesday said it launched a Japan and Korea fund, aimed at driving blockchain innovation in the two markets. |
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|  | Apple execs explain why its AI is different from competitors | Apple officials don't talk about it as one or multiple models, just "Apple Intelligence." |
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|  | Baltimore key shipping channel fully reopens after Francis Scott Key Bridge collapse | The main shipping channel into the Baltimore port was fully restored for commercial transit, after the March 26 collapse of the Francis Scott Key Bridge. |
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| | American Politics |  | Supreme Court to hear Facebook appeal tied to Cambridge Analytical breach | CNN Politics | The Supreme Court agreed Monday to hear an appeal from Facebook that is tied to how the social media platform disclosed the Cambridge Analytica data breach to investors. |
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|  | Frontline VA health jobs cut despite officials saying they'd largely be protected | CNN Politics | VA staffing cuts include health care workers despite officials suggesting they'd be protected. Veterans already faced long wait times for care. |
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|  | Analysis: Hostage rescue operation and Israeli political turmoil sharpen Biden's damaging dilemma | CNN Politics | President Joe Biden's power to engineer a swift abatement of the war between Israel and Hamas just suffered two serious new blows. |
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