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President Donald Trump announced a $1,776 holiday bonus for all military personnel, termed a 'warrior dividend,' during a live address from the White House. This announcement comes as a part of his efforts to project confidence in the economy amid rising concerns over inflation and the cost of living.
Despite Trump's claims of an improving economy, polls show that many U.S. adults are dissatisfied with his economic policies, particularly as inflation continues to affect everyday expenses like groceries and housing.
Meanwhile, in the tech sector, SoftBank has led a decline in Japanese tech stocks, reflecting broader concerns over AI spending, which has also impacted U.S. markets such as the Nasdaq Composite, which fell by 1.81% due to losses in major companies like Nvidia and Oracle.
Additionally, Meta has paused its third-party headset program, indicating a shift in focus towards developing first-party hardware and software. In corporate news, Warner Bros. Discovery rejected Paramount's hostile takeover bid, citing risks and prioritizing Netflix's offer instead.