Tip News Daily Brief

Your Daily Brief

January 4th, 2023

Good morning, and happy Wednesday! Do you think some words like amazing and gaslighting are being used too much? Michigan’s Lake Superior State University does. The school recently released its list of 10 words to banish in 2023, and the two words we mentioned earlier are on there, among others. Take a look and let us know what other words you think belong on the list!

In Today’s Brief

Canada: Enacts housing ban
Idaho Murders: Suspect waives extradition
The Simpsons: Longtime music editor dies
Apple: Market cap falls below $2T

...and more

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Top Tips

Historic day in the House

On the first day of the 118th United States Congress, California Representative Kevin McCarthy failed in three rounds of voting to become the House speaker.

McCarthy needed to secure 218 votes to be elected as House speaker, but received 203 in the first two rounds. While Representative Jim Jordan of Ohio urged fellow Republican lawmakers to vote for McCarthy after the first round of voting, he himself received 19 votes in the second round and 20 in the third. When McCarthy failed to garner enough votes after three rounds, the House adjourned without a speaker. Representative Hakeem Jeffries of New York, meanwhile, garnered all Democratic votes in each round.

Yesterday’s events marked the first time in a century that the House of Representatives failed to elect a speaker on the first vote. The House is set to reconvene at noon ET today to resume voting.

Damar Hamlin status

Buffalo Bills safety Damar Hamlin remains in critical condition after he collapsed on the field during Monday night’s game between the Buffalo Bills and the Cincinnati Bengals.

Hamlin, 24, suffered cardiac arrest on the field following a tackle and had to have his heartbeat restored before he was transported in an ambulance to a local hospital, the Buffalo Bills confirmed. In a statement released yesterday, the National Football League said the game between the Bills and Bengals will not resume this week.

In December 2020, Hamlin created a community toy drive to purchase toys for children in need during the Covid-19 pandemic. Hamlin set an initial goal of $2.5K, and as of last month, the drive had raised over $2.9K. In the 18 hours after his injury, Hamlin’s campaign received over 170K donations. By 3 PM ET yesterday, total donations exceeded $4.5M.

SBF pleads not guilty

FTX founder and former CEO Sam Bankman-Fried pleaded not guilty to all eight counts of U.S. criminal charges yesterday in a New York federal court.

Bankman-Fried’s plea comes one month after FTX co-founder Gary Wang and former Alameda Research (FTX’s sister trading firm) CEO Caroline Ellison pleaded guilty to criminal charges in relation to the collapse of FTX. On top of the eight criminal charges he pleaded not guilty to, Bankman-Fried also faces similar suits by the Securities and Exchange Commission as well as the Commodity Futures Trading Commission. If convicted on all charges, he could face up to 115 years in prison.

Bankman-Fried’s trial date has been set for October 2nd, 2023. As part of his $250M bail package that was set after he was extradited to the U.S. from the Bahamas, the 30-year-old former FTX CEO will remain under house arrest at his parents’ home in California.

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Around the Globe

Canada enacts a housing ban prohibiting individuals who are not Canadian citizens or permanent residents from buying residential properties in the country for the next two years (More)
Pelé was buried in Santos, the city where the three-time World Cup champion soccer player began his career; Brazilian President Luiz Inácio Lula da Silva was reportedly in attendance (More)
China criticized Covid requirements that countries including Australia, Canada, Japan, the U.S., and several European nations recently imposed on passengers from China and threatened countermeasures, calling the restrictions on Chinese travelers “unacceptable” (More)

On the Homefront

Southwest Airlines is sued by a passenger who claimed the airline failed to provide reimbursements to passengers who were left stranded when the carrier canceled over 15K flights last month (More)
Idaho murder suspect Bryan Christopher Kohberger agreed to be extradited yesterday in a Pennsylvania courtroom and will be brought to Moscow, Idaho to face murder charges for the November deaths of four college students (More)
First joint statement on crypto risks to banks was issued by the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (More)

Glitz & Games

Netflix cancels ‘1899’ after one season, series co-creator Baran bo Odar confirmed through a statement posted to his Instagram (More)
Music editor of ‘The Simpsons’ Chris Ledesma passes away at age 64; Ledesma worked on the show since its launch in 1989 and worked on every episode for 33 years until he stepped down in May 2022 (More)
Hoonigans founder & DC Shoes co-founder Ken Block lost his life near his home in Utah at age 55 following a snowmobile accident (More)

Business & Markets

Major indexes in the stock market closed lower on the first trading day of 2023, with the tech-heavy Nasdaq leading losses (Dow -0.03%, Nasdaq -0.76%, S&P 500 -0.40%)
Shares of Tesla (NASDAQ: TSLA) closed over 12% lower after the company reported 40% growth since 2021 but missed Wall Street estimates (More)
Market cap of Apple falls below $2T for the first time since May 2022 when shares of the company (NASDAQ: AAPL) drop more than 3% during yesterday’s trading session (More)

Tip & Tricks

Bump This: Your confidence is guaranteed to skyrocket when you listen to the infectious single “GORGEOUS” by up-and-coming pop singer Olivia Knox - listen on Apple Music and Spotify
Chow Down: If you got an air fryer for Christmas (hey, lucky you!), break in the trendy appliance with this recipe for air-fried coconut shrimp that pairs perfectly with just about any dipping sauce you can think of
Go Deep: Read about how poison control centers have been fielding a growing number of reports of toddlers under age the of six accidentally eating marijuana-laced treats in the U.S. over the past several years
Look Up: Keep your eyes on the night skies, because you might get a once-in-a-lifetime chance to see a bright green comet in the Northern Hemisphere that won’t return for at least another 50K years
Say What: “I’d be lying to you if I told you that the way we ended Westworld wasn’t a disappointment. I’m never going to speak without gratitude about any of my experiences, but it would have been nice to be able to complete the story we wanted to finish,” James Marsden said in an interview regarding the surprise cancellation of HBO’s Westworld (which we’re still recovering from, to be honest)
Hot Goss: Jeremy Renner was reportedly clearing his neighbor’s driveway prior to his snow plow accident in Reno, NV; the actor is recovering from surgery in the ICU after suffering “blunt chest trauma and orthopedic injuries”
Life Hack: Manifestation might get a bad rap, but you may actually be able to change your brain chemistry to help draw what you want into your life - check out this four-step process to manifest your goals from a neuroscientist

Looking Back…

On January 4th: The Burj Khalifa, the world's tallest building, officially opens in Dubai (2010); U.S. President Lyndon B. Johnson proclaims his vision of a “Great Society” in a State of the Union address (1965); Nancy Pelosi is elected speaker of the House of Representatives (2007); English physicist and mathematician Isaac Newton is born (1643).