TLDR

MARKET RECAP → Stocks edged lower Monday as 2024 nears its close, hinting at a muted finish to what has been a standout year for investors.

WHY TECH GIANTS ARE BETTING BIG ON NUCLEAR POWER → Tech leaders like Google, Amazon, and Meta are turning to nuclear power to meet AI's massive energy needs, offering 24/7 carbon-free electricity and sparking a global "nuclear revival." ⚡

TRUMP PRAISES H-1B VISAS AMID GOP FEUD → Trump backed the H-1B visa program as a "great" tool for hiring skilled workers, sparking debates among MAGA allies. Elon Musk praised its role in innovation, while critics pushed for prioritizing American talent. 🛠️

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Holiday SZN

TODAY’S TOP NEWS

Why Tech Giants Are Betting Big On Nuclear Power

🏗️ Meeting AI's Massive Energy Demands: Data centers powering AI and cloud computing are growing so energy-intensive they could surpass the electricity consumption of entire cities. Global electricity use is projected to rise 75% by 2050, with AI leading the surge, prompting tech companies to seek reliable, sustainable power sources.

🌍 Nuclear’s Carbon-Free Advantage: Tech leaders like Google, Microsoft, Amazon, and Meta have shifted focus from renewables to nuclear power for its round-the-clock, carbon-free energy generation. Nuclear's stability aligns with their sustainability goals while meeting the skyrocketing energy demands of data centers and AI development.

🔄 The Start of a Nuclear Revival: Despite past fears of meltdowns, nuclear power is seeing a resurgence thanks to its efficiency and economic impact. Industry experts are optimistic that tech's investments could spark a broader energy transformation, reshaping global electricity production.

TODAY’S TOP NEWS

Trump Supports H-1B Visa Program Amid MAGA Rift Over Tech Workers

🔑 Trump Backed H-1B Visas: President-elect Donald Trump called the H-1B visa program "great," citing personal use of it on his properties and its role in hiring skilled foreign workers. His stance reignited debates among MAGA allies, some of whom oppose the program for potentially displacing American workers.

🛠️ Musk and Ramaswamy Defended the Program: Elon Musk emphasized the U.S.'s shortage of top engineering talent and credited H-1B visas for bringing innovators like himself to the country. Vivek Ramaswamy suggested reforming the program to prioritize the "best of the best" while eliminating bureaucratic hurdles.

🎯 Critics Advocated for Americans First: Opponents like Laura Loomer, Steve Bannon, and Nikki Haley argued the program undermines domestic workers. Haley called on tech companies to focus on training and investing in the American workforce before turning to foreign hires.

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