$2 billion Taylor Swift Tour | S.Korea President Treason Suspect | Trump Keeps Fed Chief

Taylor Swift’s record-breaking ‘Eras’ tour set to bring in revenue at well over US$2 billion

Taylor Swift's "Eras Tour" is set to generate over US$2 billion in revenue, making it the highest-grossing musical tour ever.

The tour included 149 shows across five continents and 51 cities, from Buenos Aires to Tokyo.

Beyond ticket sales, Swift's presence significantly boosted local economies, such as generating C$282 million in Toronto.

The tour received sterling reviews for Swift's stamina and energy, with shows averaging just under four hours. [Link]

South Korea prosecutors name president Yoon Suk Yeol as suspect in treason investigation

South Korean President Yoon Suk Yeol faced an impeachment attempt due to his declaration of martial law.

Yoon survived the impeachment vote as members of his ruling party boycotted the vote, preventing the two-thirds majority needed.

The martial law declaration and subsequent impeachment attempt have plunged South Korea into its greatest political crisis in decades.

Large-scale protests have erupted, with many calling for Yoon's resignation or impeachment. [Link]

Donald Trump says he won't try to remove Fed chief Jerome Powell

President-elect Donald Trump stated he will not fire Federal Reserve Chair Jerome Powell, whose term runs through May 2026.

Trump and Powell have had a contentious relationship, with Trump previously threatening to remove him.

Powell has asserted that the president does not have the legal authority to fire the Fed chair.

Trump's decision is seen as a move to maintain market stability and avoid the negative impacts of removing the Fed chair. [Link]

Market Updates

• Fed officials flag inflation concerns ahead of meeting on rates.

• Advanced AI Chips cleared for export to UAE under Microsoft deal.

• S&P 500 rises to a record close Friday, posts third straight winning week.

Joke of the Day!

What did the letter A say to the letter B?

WASABI!

Generative AI Photo of the Day!

Prompt: Create an enchanting autumn forest scene with vibrant foliage in shades of orange, red, and gold. A serene, crystal-clear stream winds through the forest, with sunlight filtering through the trees, casting a warm, golden glow. Add a touch of fantasy by including ethereal, glowing fireflies dancing above the water.