Welcome to the 51st edition of The Daily Zap — A Daily Newspaper (Kind of 🙏). Here, you'll get links to all of the latest news and updates mostly from the last 24 hours, divided in Sections (much similar to pages on a newspaper).
Let's unfold!
~Bitcoin News of the Day
- Coinbase just had a bad quarter. After reporting disappointing Q3 earnings, its stock plunged over 10%. To instill confidence, Coinbase announced a $1 billion share buyback. But that flopped, too, with shares barely budging. This whole debacle just shows that Coinbase is foolishly ignoring the obvious strategy here — buying bitcoin.
Global Trade & ~Econ
- Stock markets, the dollar and bitcoin rallied in the immediate aftermath of his win, while shares in defence companies, prison operators and Elon Musk’s Tesla rose sharply. Meanwhile, renewable energy companies’ and German carmakers’ stocks fell. Here, we study the outlook for key industries.
~Politics_and_Law
- The reasons for Donald Trump’s reelection are numerous and will be hotly debated in the weeks ahead. But the story of his comeback cannot be told without seriously grappling with how he managed to outrun four criminal cases, including — most notably — the Justice Department’s prosecution over Trump’s alleged effort to overturn the 2020 election.
~Stacker_Sports News
- India Olympic Association (IOA) President P. T. Usha said the letter was sent after regular communication with IOC President Thomas Bach and the IOC Future Host Commission, including talks with the IOC during the Paris Olympics.
~Tech & ~Science
- LignoSat, developed by Kyoto University and homebuilder Sumitomo Forestry (1911.T), opens new tab, will be flown to the International Space Station on a SpaceX mission, and later released into orbit about 400 km (250 miles) above the Earth.
~History with Mystery
- On June 26, 1974, a checkout employee at a Marsh supermarket in Troy, Ohio became the first person to scan a grocery item—a pack of Wrigley’s Juicy Fruit chewing gum—using a Universal Product Code (UPC). Better known as a barcode, UPCs soon became ubiquitous, used everywhere from grocery and retail stores to hospitals and Mars rovers.
~Entertainment World
- A couple of celebrity endorsements were built up in the media as absolutely critical needle movers. Whether or not Taylor Swift would back Vice President Kamala Harris, for example, was obsessed about for months. When Swift waded into the fray and endorsed Harris in September, her nod was considered a major win — racking up 10 million likes and sending a surge of 400,000 Swifties to a voter registration site. Read one ABC headline: “How Taylor Swift’s endorsement of Harris could change the election end game.”
Thanks for reading 🙏