🚀 US $34 Trillion Debt

🌎 Deel: Your Global Team Management Simplified

• Seamlessly hire, manage, and pay your global team with Deel’s all-encompassing HR platform.

• Whether contractors, EOR employees, or direct hires, provide a unified, compliant, and effortless management and payment experience.

• Trusted by 20,000+ businesses and celebrated by Forbes, Everest Group, and G2 as a leader in global HR solutions.

Build your global team with Deel

Advertise with us

🛠️ Tools

Akiflow - The ultimate productivity tool for busy professionals, helping you to boost your output and streamline your workflow (link)

Hocoos - A smart website builder that can help you create a beautiful and captivating site for your business in seconds (link)

📚 Resources

A low-risk formula to build a $52 billion motel empire (link)

A story of how Patrick Campbell went from milking cows to selling his company for $200M (link)

Look at how all the world's most prestigious luxury brands can agree on one thing (link)

A $20/mo ChatGPT subscription is now replaced by Microsoft's CoPilot app for free (link)

PS. If you’re interested in this AI stuff, you should sign up for our other newsletter - Prompts Daily. It has 100,000+ readers (Executives, VCs, and engineers). Sign up with one click.

🗞️ News 

U.S. National Debt Hits Record $34 Trillion

The U.S. national debt has just reached a record $34 trillion due to pandemic-related spending. While it's not causing immediate problems, if it continues to grow, it could impact important programs and result in higher prices and interest rates. The debt stands at around $100,000 per person in the U.S. Democrats aim to raise taxes, and Republicans aim to cut spending to address the issue. It's a concern for the future, but it's uncertain when it might escalate into a more significant problem.

→ Read more about the national debt here

Humane to Begin AI Pin Delivery in March 2024

Humane Inc. is set to launch its innovative AI Pin in March 2024, marking a significant advancement in wearable technology. This pin-sized gadget, powered by ChatGPT, acts as a virtual assistant, allowing users hands-free interaction through voice commands. The device also boasts smart notifications with cellular connectivity, ensuring users stay informed and connected. Humane expresses gratitude for early support, prioritizing these supporters for the initial shipments.

→ More details about the launch here

Nike Shares Fall 12% on $2 Billion Cost-Cutting Plan

Sportswear giant Nike shares tumbled by 12% after announcing a $2 billion cost-cutting plan and slashing its revenue outlook. The company, facing headwinds in Greater China and EMEA, cited increased macroeconomic challenges and a stronger U.S. dollar affecting second-half revenue. Nike aims to simplify its product range, increase automation, and streamline its organization. The cost-cutting initiative is expected to incur $400 million to $450 million in restructuring charges, focusing on efficiency and future growth. Despite a strong gross margin turnaround, the consecutive quarters of revenue misses led to a significant drop in Nike's shares.

→ Learn more about the share drop here