ibt-mailDec 16, 2024, 12:32 PM

ABC Agrees To Pay Trump $15M Settlement For Defamation

Newsletter Dec 16, 2024 Quick Six ABC agrees to pay Trump $15M settlement for defamation ABC has agreed to pay $15 million in a legal settlement with President-elect Donald Trump, bringing an end to a

Newsletter Dec 16, 2024

Quick Six

ABC agrees to pay Trump $15M settlement for defamation
ABC has agreed to pay $15 million in a legal settlement with President-elect Donald Trump, bringing an end to a dispute that began over an interview in which Trump accused anchor George Stephanopoulos of defaming him. The settlement terms of the case, which involve the E. Jean Carroll civil trial, require the $15 million be used for a charitable and historical purpose. Trump has a history of taking legal action against the media. In October, he filed a lawsuit against CBS, demanding $10 billion in damages over a "60 Minutes" interview with Vice President Kamala Harris.
SEE THE TERMS OF TRUMP'S SUIT SETTLEMENT WITH ABC

Experts predict what real estate market will look like in 2025
Mortgage rates are unlikely to return to the ultra-low levels seen during the pre-pandemic levels, according to a new NAR report, which warns that affordability will remain a concern for many, particularly in high-demand markets. The organization forecasts mortgage rates to stabilize near 6% in 2025, likely establishing what it calls "a new normal." It expects more buyers to come back to the market as rates retreat from highs that topped 7% at times. The realtors group expects activity to increase in the coming year.
SEE THE CORRELATION BETWEEN RATES AND ACTIVITY

Fed expected to cut rates in final meeting of Biden's term
The Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency. The Fed is also tipped to signal a slower path of cuts going forward amid uncertainty over the impact of President-elect Donald Trump's economic proposals. The meeting is the last Fed rate decision before Biden leaves the White House on Jan. 20.
SEE THE FED POLICY CHANGES EXPECTED UNDER TRUMP

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Markets

DJIA	43,828.06	-0.20%
S&P 500	6,051.09	0.00%
Nasdaq Composite	19,926.72	0.12%
Japan: Nikkei 225	39,565.47	0.24%
UK: FTSE 100	8,300.33	-0.14%
Crude Oil Futures	71.08	-0.29%
Gold Futures	2,667.50	-0.31%
Yen	153.88	0.12%
Euro	1.05	0.14%
* As of market close

South Korea's democracy lives beyond Yoon

South Korea's swift rebuke of martial law and removal of President Yoon Suk Yeol from office have been hailed in the country as evidence of the strength of its young democratic institutions. Yoon's bid to suspend civilian rule and claims of a communist conspiracy harkened back to the dark days of dictatorship in South Korea four decades ago, when human rights abuses by security forces were widespread. But the fallout from the failed attempt was immediate and South Korea's institutions kicked in -- Yoon's inner circle was swiftly placed under police investigation and taken before a parliament demanding answers.

SEE HOW SOUTH KOREA WILL GO FORWARD WITHOUT YOON

Israel plans to 'double population' of Golan

The Israeli government approved on Sunday a plan to increase the population of the annexed Golan Heights, while insisting it had no intention of confronting Syria after seizing a UN-monitored buffer zone. As Islamist-led rebel forces swept Syrian president Bashar al-Assad out of power last week, Israeli Prime Minister Benjamin Netanyahu had ordered troops to seize the demilitarized zone between the two nations' forces on the Golan Heights. His office said Sunday the government had approved a plan to double the occupied settlement's population.

HOW THE INTERNATIONAL COMMUNITY REACTED TO THE PLAN

Tech titans push use of AI apps in Ed Tech

Apps infused with AI are being marketed to schools across the world and governments are rushing to embrace the technology, despite experts raising serious doubts. The sector known as Ed Tech exploded during the pandemic but demand slowed after schools reopened. Tech titans like Microsoft, Meta and OpenAI are promoting their AI products to schools or partnering with startups. While many education ministries have plans to deploy AI apps, there are plenty of dissenting voices.

SEE HOW AI IS CHANGING THE WAY THE WORLD TEACHES KIDS

Extra point

Who is credited with coining the term "artificial intelligence"? When?

Friday's answer: President James Madison was the first US president to have an inaugural ball in 1809 at Long's Hotel in Washington, DC.

In partnership with WeatherTech, LLC.

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