Biden Accuses Grocery Stores of Overcharging

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BUSINESS & ECONOMY

📈 US Factory Activity Hits Peak Since 2022 with Rising Orders

US factory activity hit a 15-month high, fueled by the largest orders growth since May 2022, suggesting a manufacturing stabilization. The ISM gauge rose to 49.1, still indicating contraction but showing optimism with potential Fed rate cuts. Challenges include falling export orders and rising costs. Timothy Fiore remarked, "This could be the beginnings of growth," amid cautious industry optimism.

🎯 Biden Accuses Grocery Stores of Overcharging Amid Persistent High Prices - 'Played for Suckers'

President Joe Biden criticized grocery stores for exploiting customers with high prices amid decreasing inflation, asserting "Americans, we’re tired of being played for suckers." Despite the U.S. having the lowest inflation rate among major economies, issues like price gouging persist. With 59% of Americans distressed over grocery costs, the Federal Reserve keeps interest rates steady. Biden vows to combat corporate exploitation to lower living expenses.

WORLD

🚜 French Farmers' Unions Halt Protests Following PM's New Measures

In response to two-week nationwide protests by French farmers over pay, regulations, and foreign competition, the French government, led by Prime Minister Gabriel Attal, has pledged financial support, regulatory ease, and measures against unfair competition, including a 150 million euro aid package for livestock farmers. Attal's commitment, "to give food its value back," signifies a pivotal movement in French and European agricultural policy.

🇪🇺 EU Sidesteps Hungary Veto, Secures $54 Billion Ukraine Aid Package

The EU has agreed to give Ukraine €50 billion in economic aid after Hungary lifted its veto. European Council President Charles Michel stated the deal provides "steadfast, long-term, predictable funding for Ukraine," focusing on economic support and future EU membership, excluding military aid. Presidents Biden and Zelenskyy lauded the commitment, emphasizing its role in Ukraine's stability. The first funds could arrive by March.

SCIENCE & TECH

🌍 Bard Unveils Gemini Pro Worldwide, Adds Image Generation

Bard introduces Gemini Pro in over 40 languages and 230 countries, significantly enhancing AI conversational abilities and receiving acclaim for its "stunning leap" in performance. It also launches free, photorealistic image generation with Imagen 2, embedding watermarks for authenticity. The update extends the double-check feature, allowing users to verify the accuracy of Bard's responses globally, reinforcing Bard's commitment to safety, privacy, and making AI a globally accessible collaborator.

📱 Over 600 New Apps Launched for Apple Vision Pro

Apple Vision Pro debuts with over 600 apps, revolutionizing digital interaction with its 3D interface and an infinite canvas. Susan Prescott states it will "change how we experience entertainment, music, and games," transforming spaces into immersive environments. Compatible with 1 million iOS and iPadOS apps, it offers ultra-high-resolution displays for unparalleled productivity and entertainment experiences.

SPORTS & ENTERTAINMENT

🏎️ Ferrari Signs Lewis Hamilton for 2025 F1 Season

Lewis Hamilton will join Ferrari in 2025 on a multiyear deal after leaving Mercedes, where he secured six of his seven world titles. Emphasizing the difficulty of his decision, Hamilton stated, "Leaving Mercedes was one of the hardest decisions I have ever had to make." This move offers him a chance to win championships with a third team, a feat last achieved by Juan Manuel Fangio in 1957, and to end Ferrari's title drought since 2007.

🏀 East NBA All-Star Reserves Welcome Three Newcomers

The NBA announced reserves for the All-Star Game, featuring first-timers Jalen Brunson, Tyrese Maxey, and Paolo Banchero alongside veterans like Stephen Curry and LeBron James, the NBA's first 20-time All-Star. Set in Indianapolis on February 18, the game returns to the traditional East vs. West format. 

🔄 Inter Miami CF Trades Christopher McVey for International Slot and Up to $100,000 GAM

Inter Miami CF has traded defender Christopher McVey to D.C. United, acquiring a 2024 International Roster Slot and potential $100,000 in General Allocation Money, contingent on McVey's performance. McVey was instrumental in Inter Miami's historic first title win in 2023. Chris Henderson lauded him as a “reliable, valued member,” acknowledging his significant contributions since joining in 2022.

OTHER NEWS

✈️ Small Plane Crash in Florida Mobile Home Park Kills Multiple

In Clearwater, Fla., a Beechcraft Bonanza V35 crashed into a mobile home park, causing several fatalities and damaging four homes, after the pilot reported engine failure. Fire Chief Scott Ehlers confirmed the crash resulted in deaths both on board and in the homes. The FAA and NTSB are investigating the incident, which occurred close to St. Pete-Clearwater International Airport.

🔒 Former CIA Tech Sentenced to 40 Years for WikiLeaks Hacking Secrets Leak

Joshua Schulte received a 40-year sentence for the largest CIA information leak via WikiLeaks in 2017 and child abuse image possession. CIA Deputy Director David S. Cohen highlighted the leak's "exceptionally grave harm to U.S. national security." Judge Jesse M. Furman criticized Schulte's lack of remorse, driven by "anger, spite and perceived grievance," marking his actions as "brazen, heinous crimes of espionage."

📜 California Lawmakers Propose Comprehensive Slavery Reparations Legislation

California's legislative initiative for reparations includes 14 proposals but excludes direct cash payments, focusing on apologies, community grants, and anti-discrimination measures. Assemblywoman Lori D. Wilson emphasized a "comprehensive approach" to rectify the legacy of slavery and systemic racism. This initiative follows a task force's recommendations amid budgetary considerations, marking a step towards addressing historical injustices against descendants of enslaved Africans.

THIS DAY THAT YEAR

On February 2, 1990, South African President F.W. de Klerk made a historic decision to lift the 30-year ban on the African National Congress, leading to the release of Nelson Mandela from prison and signaling the commencement of the dismantling of apartheid.

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