$1.33 Billion Powerball Jackpot Won!

🤳8th April 2024 | TikTok announces TikTok Photo App, Cody Rhodes Wins WWE Undisputed Universal Championship, Jelly Roll Wins Big at CMT Music Awards, and more!

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BUSINESS & ECONOMY

🎉 Powerball Announces $1.33B Jackpot  Winner Following Delay

In a remarkable turn of events, a Powerball ticket from Oregon emerged victorious, bagging the fourth-largest jackpot of $1.33 billion amidst a delay caused by "pre-draw procedures" for security reasons. The delay, which sparked social media debate, ultimately led to a historic win, offering the victor a choice between a $621.1 million cash payout and an annuity with a 60-day window to decide. 

📉 Goldman Highlights Trump's China Tariff Proposal as Potential Drag on US Economic Growth

Source - TheBusiness Times

Goldman Sachs forecasts Donald Trump's proposed increase in tariffs on Chinese imports would damage the US economy and inflate prices. Trump, suggesting tariffs could soar to 60% if re-elected, might see a minor boost in revenue but a negative overall economic impact. According to Goldman's Ronnie Walker, "The direct impact of higher tariffs on GDP is likely to be modestly negative." 

 

 

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WORLD

📈 China's economy is expected to expand by 5.3% this year, bolstered by stabilization in the property sector

AMRO predicts China's economy will grow by 5.3% in 2024, buoyed by a stabilizing property sector and stronger external demand, closely aligning with the nation's ambitious 5% growth target. This expansion is expected to impact regional growth, despite existing challenges positively. As stated by AMRO Chief Economist Hoe Ee Khor, "China will continue to be a powerhouse in the region and the main driver of growth." 

🏜️ Saudis adjust plans for their ambitious $1.5 trillion desert megaproject.

Source - Stefan Wermuth/Bloomberg

Saudi Arabia's Neom project realignment towards Vision 2030's economic goals reduces its residential target from 1.5 million to under 300,000 by 2030, reflecting strategic prioritization rather than innovation withdrawal, highlighted by a significant $8 billion green hydrogen technology investment. Finance Minister Mohammed Al Jadaan views these adjustments, including project delays and extensions. 

SCIENCE & TECH

📸 TikTok Edges Nearer to Launching Its Innovative Photo App

Source - Socialmediatoday

In a strategic pivot, TikTok announces "TikTok Notes," aiming to recapture the essence of Instagram's initial photo-sharing premise by integrating its current photo posts. This expansion into new territories signifies TikTok's agility in adapting to user trends and exploring varied platforms amidst uncertain regulatory futures. This initiative is encapsulated by the intent: "TikTok’s looking to launch a clone of what Instagram originally was."  

🌑 "Once-in-a-lifetime" eclipse parties sweep the blackout zone captivating everyone's attention.

As the solar eclipse happens today, New York gears up with eclipse-themed drinks, significant parties at bars and SUNY fraternities, and class cancellations for festivities. Towns like Oswego expect thousands of tourists, while events like "Total Eclipse of the Heart" sing-offs and viewing parties on rooftops and wineries. This "once-in-a-lifetime" event is summed up by a SUNY Oswego sophomore, “the eclipse is all everyone is talking about”. 

SPORTS & ENTERTAINMENT

🏆 Jelly Roll entered the show with three nominations and emerged with three awards.

Source - Gilbert Flores for Billboard

The 2024 CMT Music Awards, hosted by Kelsea Ballerini in Austin, Texas, saw Jelly Roll winning big, securing all three nominations including Video of the Year. While Lainey Wilson won Best Female Video with "Watermelon Moonshine." The top honor of Video of the Year also went to Jelly Roll for his hit "Need A Favor."

 🏀 John Calipari is set to depart Kentucky for Arkansas following 15 seasons according to reports.

John Calipari is moving to Arkansas after 15 years with Kentucky, in a pivotal college basketball coaching change. Expected to ink a five-year contract, this shift is spurred by Calipari's bond with Arkansas' major donor, John Tyson. Calipari leaves Kentucky with a legacy of a national championship and numerous Final Four appearances, amidst recent performance struggles, including a disappointing exit in the 2024 NCAA Tournament.

🏆 Cody Rhodes Triumphs Over Roman Reigns and Secures WWE Undisputed Universal Championship at WrestleMania 40

Source - (Joe Camporeale-USA TODAY Sports

At WrestleMania 40, Cody Rhodes emerged victorious after a grueling match against Roman Reigns. Despite interference from Reigns' allies, Rhodes managed to secure the win with his Cross Rhodes move. The Rock and John Cena made surprise appearances, adding to the drama. With this win, Rhodes became the new WWE Undisputed Universal Champion. 

 

 

OTHER NEWS

🌍 Trump Expresses Preference for Immigrants from 'Nice' Countries at Fundraiser

Source - Lynne Sladky/Associated Press

At a high-profile fundraiser in Palm Beach, hosted by billionaire John Paulson, former President Donald Trump criticized U.S. immigration policy, lamenting the arrival of migrants from what he previously termed "shithole countries," favoring instead those from "nice" nations like Denmark. Donald Trump also made a stark proclamation that the upcoming election "could very well be the last election this country ever has." 

🚨 Ohio alerts Democrats Biden could miss November ballot deadline

Ohio may exclude President Biden from its ballot due to a law necessitating nominees' certification 90 days before elections, clashing with the Democratic Convention's timing. Despite concerns, Biden's campaign confidently states, "We're confident that Joe Biden will be on the ballot in all 50 states." 

BRAIN TEASER

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THIS DAY THAT YEAR

On April 8, 1913, Amendment 17 was ratified, altering the U.S. Constitution to require senators to be directly elected by voters, shifting away from the original constitutional method.

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