ibt-mailDec 2, 2024, 9:49 AM

President Biden Pardons Son Hunter on Tax, Gun Charges

Newsletter Dec 2, 2024 Quick Six President Joe Biden pardons son Hunter of tax, gun charges President Joe Biden on Sunday issued a pardon for his son Hunter, who is facing sentencing for two criminal

Newsletter Dec 2, 2024

Quick Six

President Joe Biden pardons son Hunter of tax, gun charges
President Joe Biden on Sunday issued a pardon for his son Hunter, who is facing sentencing for two criminal cases related to tax evasion and the purchase of a firearm. In a statement, the Biden called it "a miscarriage of justice" after the younger Biden was convicted earlier this year of lying about his drug use when he bought a gun and has also pleaded guilty in a separate tax evasion trial. The pardon comes after Biden has said throughout his term that he wouldn't intervene in his son's legal troubles.
SEE WHAT THE PARDON WILL MEAN FOR BIDEN'S LEGACY

US shoppers set Black Friday records before Cyber Monday
Americans spent a record $10.8 billion online during Black Friday promotions, with many using AI tools to find the best deals, Adobe Analytics announced. Total sales were 10.2% higher than in 2023, marking an important step for e-commerce given that Black Friday shopping traditionally involved brick-and-mortar stores. Online consumers were expected to spend an additional $5.2 billion on Saturday and $5.6 billion on Sunday, with record sales of $13.2 billion predicted today for Cyber Monday, up 6.1% from 2023.
SEE WHICH GIFTS ARE POPULAR THIS HOLIDAY SEASON

Musk sues to stop OpenAI from becoming for-profit company
Elon Musk is intensifying his feud with OpenAI, the company he co-founded nearly nine years ago. Musk's legal team has filed a preliminary injunction to stop OpenAI from fully transitioning into a for-profit organization, arguing that OpenAI's move to a for-profit model could breach federal antitrust and racketeering laws. They assert that OpenAI's investor relationships create anti-competitive practices, putting Musk's own AI company, xAI, at a disadvantage.
CHECK OUT MUSK'S LONG-RUNNING FIGHT WITH OPENAI

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Markets

DJIA	44,910.65	0.42%
S&P 500	6,032.38	0.56%
Nasdaq Composite	19,218.17	0.83%
Japan: Nikkei 225	38,050.28	-0.41%
UK: FTSE 100	8,287.30	0.07%
Crude Oil Futures	68.21	0.31%
Gold Futures	2,655.00	-0.97%
Yen	150.19	0.29%
Euro	1.05	-0.42%
* As of market close

Trump's pick of Patel for FBI chief rattles DC

President-elect Donald Trump said he would nominate Kashyap "Kash" Patel, a 44-year-old loyalist with minimal experience in federal law enforcement, to serve as the next FBI director. Even among Trump's loyalists, Patel is a controversial figure that presents a major challenge as it would require removing the current FBI director, Christopher Wray, who was also appointed by Trump, before Wray's term expires. This move could spark further debate, given Patel's lack of experience in federal law enforcement management and his polarizing reputation.

SEE WHAT WASHINGTON IS SAYING ABOUT TRUMP'S FBI PICK

US 'not there yet' on ceasefire, hostage deal

The White House is working on a ceasefire and hostage release deal in Gaza but is "not there yet," US National Security Advisor Jake Sullivan said Sunday, with fighting in the conflict raging on as regional leaders meet to discuss the crisis. Sullivan's comments came a day after Israel hit Hezbollah targets in Lebanon, days into a fragile ceasefire in its conflict with the Iran-backed group. Addressing that conflict, Sullivan lauded the ceasefire that's in place and said the US was working with Lebanon's military to ensure it was implemented "effectively."

US WORKS TO BRING PEACE TO MIDEAST DESPITE CONFLICTS

Florida finds coins stolen from shipwreck

Florida authorities announced a collection of 37 gold coins valued at $1 million stolen from an 18th century shipwreck have been recovered. A professional treasure hunter has been charged with dealing in stolen property in connection with the case, with the theft having taken place in 2015. The recovery was hailed as a "major milestone" in a long-standing investigation into the theft and illegal trafficking of these priceless historical artifacts." The coins were being transported by the Spanish Treasure Fleet in 1715 before a hurricane sunk the convoy.

SEE HOW THE GOLD COINS BECAME A 300-YEAR WHODUNNIT

Extra point

What was the largest amount of shipwreck treasure ever discovered?

Friday's answer: The US cities of Indiana, Pennsylvania and Estacada, Oregon share the title "The Christmas Tree Capital of the World".

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