Pokémon Legends Teased For 2025

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BUSINESS & ECONOMY

🚨 JPMorgan Cautions Investors, Prepare for 1970s-Style Stagflation

U.S. stocks hit a record high, but JPMorgan warns of a shift from a "Goldilocks" scenario to 1970s-style stagflation, with Marko Kolanovic, the chief market strategist at JPMorgan Chase noting risks of economic stagnation and high inflation. Despite recent rate hikes to curb inflation, expectations for aggressive rate cuts have cooled. JPMorgan CEO Jamie Dimon also skeptically remarked, "I'm a little skeptical of this kind of 'Goldilocks' scenario," echoing concerns about persistent economic challenges.

📉 US Durable Goods Orders Drop, Business Equipment Investment Softens

In January, U.S. durable goods orders plummeted by 6.1%, marking the most significant drop in nearly four years, while core capital goods slightly rose by 0.1%. Consumer confidence fell to 106.7 in February, reflecting growing concerns over the labor market and the political environment. Despite the economic slowdown, economists do not foresee a recession. Christopher Rupkey stated, "Business capex lays the seeds for future economic growth," amidst a cautious outlook from business leaders.

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WORLD

📦 Jordanian Military Confirms Meal and Supply Airdrops

Jordan, alongside the UAE, Egypt, and France, has increased airdrop efforts to deliver food and supplies to Gaza, addressing urgent humanitarian needs. This collaboration, marking a first for Egypt and the UAE, aims to mitigate the dire situation highlighted by France's statement on the "absolutely urgent" humanitarian state in Gaza, where civilians face death from hunger and disease. These airdrops offer a critical lifeline amidst increasing aid distribution challenges.

🌍 Yellen Calls for Release of Frozen Russian Central Bank Funds to Ukraine

U.S. Treasury Secretary Janet Yellen advocates for utilizing $300 billion frozen Russian Central Bank assets to aid Ukraine's reconstruction, emphasizing urgency and moral justification. She states, “It is necessary and urgent for our coalition to find a way to unlock the value...” Bipartisan U.S. efforts seek legislative backing. EU's parallel action gains endorsement while G20 deliberations in Brazil may sway decision-making.

SCIENCE & TECH

🎮 Pokémon Legends Z-A Teased for 2025 Launch

The upcoming "Pokémon Legends: Z-A," announced for a 2025 release on Nintendo Switch, is set in Lumiose City, echoing the setting of Pokémon X and Y. Developed by Game Freak, this major franchise release since 2022 introduces an urban redevelopment theme for human-Pokémon coexistence. The reveal aligns with rumors of the Switch's successor, amidst the backdrop of Palworld's success, noted by The Pokémon Company.

🚗 Apple Abandons Electric Car Project

Apple discontinued its electric car project "Project Titan," shifting the team's focus to generative AI, Bloomberg reports. Despite years of development and recent progress, COO Jeff Williams and VP Kevin Lynch announced the pivot amid challenges like high turnover. This strategic shift underscores Apple's alignment with AI, highlighted by its investment in AI model Ajax, amidst the tech industry's broader move towards AI innovation.

SPORTS & ENTERTAINMENT

🎬 Michael Jackson Biopic Finds Its Jackson 5 Cast

Lionsgate's "Michael," a biopic directed by Antoine Fuqua, casts eight actors to portray the Jackson 5's evolution, with Jaafar Jackson as Michael Jackson. Scheduled for release on April 18, 2025, the film's production includes notables like Jamal R. Henderson and Joseph David-Jones. Producer Graham King praises the cast's talent for capturing the band's "truly epic nature," with no mention of addressing Jackson's controversies.

🎵 Kanye West Faces Lawsuit Over Alleged 'I Feel Love' Plagiarism

Donna Summer's estate sues Kanye West and Ty Dolla $ign for "blatant theft" of "I Feel Love" in "Good (Don't Die)," after explicit permission was denied due to West's controversies. The lawsuit seeks "maximum" damages, stressing artists' rights to control their work's usage, aiming to protect Summer's legacy and combat unauthorized creative appropriation.

OTHER NEWS

🌪️ Midwest Faces Severe Storm Threat with Potential for Large Hail, Wind Damage, and Tornadoes

Severe storms, forecasted to hit the Midwest, could bring hail, strong gusts, and tornadoes amid record warmth. Illinois will face a tornado, hail, and an 82 mph gust. The threat spans to the Ohio Valley, affecting cities like Cincinnati, with winds and possible tornadoes as primary concerns. Weather shifts dramatically post-storm, possibly bringing snow to Chicago. An unusual February severe threat, driven by a powerful jet stream and Gulf moisture, extends the storm potential further north.

🇺🇸 Trump Outperforms Nikki Haley, Biden Secures Victory Despite Michigan Protest Votes

In Michigan's primary, Biden and Trump won their respective contests, continuing their unbeaten runs. Biden faced internal challenges over his Israel stance, leading to 30,000 "uncommitted" votes. Trump, significantly ahead of Haley, looks forward to November, saying, "Nov. 5 cannot come fast enough." The primary's shift to February adds complexity, with GOP delegate allocation pending amid party turmoil.

🔍 Army Cuts Jobs to Prioritize Russia and China Threats

The U.S. Army is slashing 24,000 positions, dropping its payroll to the lowest since 1940, to pivot towards countering threats from Russia and China—a strategy supported since Trump's administration and continued under Biden. Amid recruitment challenges, this move targets a 470,000-strong force, focusing on modern combat readiness. General Randy George emphasized, "The things we are reducing...are not going to make us successful on the battlefield going forward."

🚱 Mexico City Faces Imminent Drinking Water Shortage

Facing a severe water crisis, Mexico City's 22 million residents risk seeing parts run dry within months due to drought, infrastructure decay, and overuse of aquifers. Experts warn of unsustainable extraction rates causing damage, while José Antonio, a water management consultant suggests "day zero" may already be upon us. Efforts include digging wells and improving wastewater treatment, with hopes pinned on the upcoming monsoon season for relief.

THIS DAY THAT YEAR

On 27 Feb 2010, a devastating magnitude-8.8 earthquake hit Chile, leading to extensive destruction and setting off a tsunami that wreaked havoc on the coastal regions. This was the most powerful seismic event to impact the area since 1960.

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