• ‘Moana 2’ fuels biggest Thanksgiving box office of all time
Moana 2, Wicked, Gladiator II makes a combined $420m in the week of Thanksgiving.
• How Trump’s mass deportation plan can use AI to extend immigration crackdown
DHS allocated $5 for AI in the 2025 budget. AI usage will likely expand in the execution of Trump’s mass deportation plan.
• The tech support desk at work is one of the first jobs on AI replacement ticket
Palo Alto Network’s CEO said this year that it has reduced IT support staff by 50% and could widen to 80%. “We’ve been able to automate a lot of the tasks and also use gen AI to answer employee’s questions.”
• As retailers enter the holiday season, the winners are pulling away from the pack
Target, Kohl’s, Best Buy: bad results. Walmart, Dick’s Sporting Goods, Abercrombie & Fitch: good results. People are cutting back on visiting weak retailers amid inflation.
• China Skips Politburo Readout as Investors Await Stimulus
The 20th Politburo previously missed a statement in May 2023, and investors look towards the December releases.
• Biden Pardons Son Hunter in Reversal With Weeks Left in Term
Biden had said he will not use his powers to pardon his family.
• US Tightens Curbs on China’s Access to AI Memory and Chips Tools
The expanded sanctions include the sale of HBM and chipmaking gear produced by US firms in foreign locations and a blacklisting of 140 more Chinese entities.
• Milei Touts $50 Billion From Investors Eyeing 30-Year Loopholes in Argentina
Milei’s incentive package, RIGI, aims to lure energy, mining, tech, forestry, steel, tourism companies. A big part is currency stabilization and a consistent policy.
• Europe’s Largest Pension Fund Buys Mortgages Worth $2.8 Billion
Stichting Pensioenfonds ABP acquires $2.8b portfolio of Dutch mortgages