Japan secured gold in pairs skating at the Milano Winter Olympics, while the Federal Reserve grapples with conflicting economic data, and Apple prepares to unveil new hardware at a March event in New York City. These are some of the headlines dominating the news cycle, as reported by various sources.
In the pairs figure skating final, Riku Miura and Ryuichi Mihara from Japan delivered a flawless routine, despite challenges with the ice conditions at the Milano Ice Skating Arena, according to Time. The arena's ice, made with a new environmentally friendly system, was reportedly softer and more sensitive to heat and moisture. Despite falls and doubled jumps by other pairs, the Japanese team's performance earned them the gold medal, with the crowd roaring in approval.
Meanwhile, the Federal Reserve is facing a "puzzlement" of economic data, as reported by Fortune. The surprisingly robust jobs report from last week, which showed nonfarm payroll employment rising by 130,000 in January, has complicated the economic outlook. This report has shifted the probability of a 25bps cut at the FOMC's next meeting in March, with odds now indicating a more than 92% likelihood of inaction. This contrasts with earlier expectations, where speculators were fairly balanced on the possibility of a rate cut.
In other news, Apple is set to hold a special event on March 4th in New York City, according to Ars Technica. The event is expected to feature updates to the iPhone 17e, new iPads with processor upgrades, and a long-awaited MacBook Pro chipset upgrade.
Additionally, the Saatva mattress, which provided bedding for Team USA at the Winter Olympics, is gaining attention. Wired reported on a review of the mattress, highlighting its lumbar support and pressure relief for stomach and back sleepers. The review noted the mattress's extensive sleep trial, warranty, and white-glove delivery, while also pointing out that the foam layers did not provide deep contouring for side sleepers.
Finally, NPR News reported on the record-breaking cocaine boom and its deadly fallout. A recent traffic stop in Upland, California, revealed the presence of drugs, highlighting the ongoing issue.
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