Home Prices Hits All Time High

Hey there scroller🤳

Ready for another day’s headstart with some fresh news?

If your pal sent this to you, then subscribe to stay the most informed person in the room😉

BUSINESS & ECONOMY

📈 February saw a 6.4% surge in home prices, reaching an all-time high

February saw record home prices despite rising mortgage rates. S&P CoreLogic Case-Shiller's report noted a 6.4% year-over-year surge, with notable gains in city composites. San Diego led gains, while rates remain above 7%. Selma Hepp of CoreLogic cautioned, "Higher mortgage rates continue to challenge affordability, keeping many potential buyers sidelined." 

📉 Fed maintains interest rates at 23-year peak due to stagnant inflation progress

The Federal Reserve kept interest rates at a 23-year peak due to stalled progress in meeting the 2% inflation target. Chair Jay Powell hinted at no imminent hikes, stressing the need for confidence in inflation decline. The Fed also announced adjustments to its balance sheet reduction program to avoid market disruptions. Powell reaffirmed, "When we get that confidence, rate cuts will be in scope." 

TOGETHER WITH SMART RECOGNITION

New AI LeadGen Tool Identifies Email Address of Your Visitors

Did you know that you can Identify the email addresses of your anonymous website traffic?

Rather than getting only 5% of your traffic via an opt-in form, a new AI Tool, Smart Recognition, lets you target and email most of your website traffic, growing your email list and revenue faster!

How can this help? 👇

• Capture email addresses of up to 40% of your anonymous traffic.

• Email irresistible offers to prospects browsing your site.

• Send abandoned cart emails to people who don't complete checkout.

See how much anonymous traffic you can identify.

Book a demo and try it for free.

WORLD

🔗 Colombia Cuts Off Relations with Israel Amid Gaza Conflict 

Colombia's President Gustavo Petro declared the termination of diplomatic relations with Israel due to the Gaza conflict, denouncing Israel as "genocidal." This follows Bolivia's similar action. Israel's foreign minister condemned Petro's move, while Petro had criticized Israeli actions earlier, including suspending weapons purchases after a deadly incident involving aid convoys. 

🤝 US, Saudis Nearing Defense Pact to Reshape Middle East

The US and Saudi Arabia are nearing a defense pact that could reshape the Middle East. This historic agreement offers security guarantees to Saudi Arabia and potential diplomatic ties with Israel, contingent upon ending the Gaza conflict. Negotiations have accelerated, promising benefits for all parties involved. US Secretary of State Antony Blinken stated "We have done intense work together over the last months."

🌐 Biden brands Japan 'Xenophobic' alongside China and Russia

US President Joe Biden labeled ally Japan alongside rivals China and Russia as "xenophobic" during a campaign fundraiser. Biden attributed economic issues in these countries to reluctance towards immigration, extending the criticism to Japan. Biden emphasized, "Why is China stalling economically? Why is Japan having trouble? Because they’re xenophobic, they don’t want immigrants." 

SCIENCE & TECH

🌟 Microsoft partners with OpenAI due to Google's envy

Microsoft's partnership with OpenAI stemmed from envy of Google's AI dominance, revealed in internal emails during the DOJ's antitrust case against Google. Microsoft's urgency to catch up led to a billion-dollar investment in OpenAI. CTO Kevin Scott expressed urgency in bridging the AI gap, stating, "We are multiple years behind the competition in terms of ML scale." 

📱Anthropic launches an iPhone app

Anthropic debuts an iPhone app and premium business plan dubbed "Team." The plan grants businesses advanced access to Claude 3 AI models, empowering them with admin controls and a substantial 200,000-token context window. Meanwhile, the iOS app delivers real-time image analysis and seamless synchronization with the web client for enhanced user experience.

SPORTS & ENTERTAINMENT

🥊 Boxer Ryan Garcia Tests Positive for Banned Substance Ostarine

Boxer Ryan Garcia's positive test for ostarine, a banned substance, before and after his victory over Devin Haney has sparked controversy. Garcia has denied knowingly taking any banned substances and has requested testing of his B-sample. Haney voices disappointment, stressing the gravity of doping in boxing, "Cheating undermines the sport's integrity and puts lives at risk; it's no laughing matter." 

🔄 Harvey Weinstein to Stand Trial Again in New York This Fall

Harvey Weinstein film producer is set for a new trial this autumn following the overturning of his state rape conviction. Manhattan prosecutors affirmed their commitment to retry the case, emphasizing their belief in seeking justice. While Weinstein remains imprisoned for a separate rape conviction in California.

OTHER NEWS

📜 US House passes bill broadening the definition of anti-Semitism

The US House passed a bill expanding the anti-Semitism definition, to curb discrimination and restrict funding to campuses tolerating anti-Semitism. ACLU cautions, "The bill risks stifling legitimate criticism of Israel," highlighting free speech concerns. Lawmakers announced an inquiry into campus anti-Semitism, sparking debates on academic freedom. Protesters refute anti-Semitism allegations, asserting their rights are violated. 

🌍 Corona shaken by preliminary 4.1 magnitude quake

A magnitude-4.1 earthquake rattled the Los Angeles area, per the U.S. Geological Survey. The temblor struck at 1:49 p.m. The Los Angeles Fire Department recorded it as a magnitude 4.3 quake, originating 48 miles from downtown. LAFD's Erik Scott emphasized safety measures, with all 106 fire stations covering 407 sq miles in greater LA.

🚨 Austin's Worst Opioid Outbreak in Years: 8 Dead, 50+ Affected

In the wake of Austin's worst opioid overdose crisis in years, city officials are grappling with 67 reported overdoses and 8 fatalities. With over 50 individuals impacted, emergency services swiftly distributed Narcan kits, possibly averting further tragedy. While suspects have been detained, the substance behind the outbreak remains unknown, leaving authorities on high alert.

THIS DAY THAT YEAR

On May 2, 2011, Osama bin Laden, the mastermind behind the September 11, 2001, attacks, was eliminated by US special operations in Abbottabad, Pakistan. His burial took place in the Arabian Sea, and Ayman al-Zawahiri succeeded him as the leader of al-Qaeda.

BRAIN TEASER

Take off my skin and I won’t cry, but you will! What am I?

Nailed it or stumped? Hit us with a reply and find the correct answer 🎯

Here is what yesterday’s teaser was:

I sound like one letter but I’m written with three. I show you things when you look through me. What am I?

The answer is: Eye

Thanks for scrolling with us! 

Catch up on what you missed by checking out our past issues here. And if you’re in the mood for more bite-sized, 60 words content nuggets? Check out our other daily newsletter.

Marketing Scroll: Get all the Marketing news that truly matters delivered to your inbox in 60-word quick reads, giving you everything in under 3 minutes a day! 

Want to share Daily Scroll with a Pal? Forward this email and invite them to join our community of savvy scroll-ers.

We'd love to hear your feedback on today's issue of Daily Scroll! Simply reply to this email and share your thoughts on how we can improve our content and format. 

Have a great day and see you tomorrow 🕺