Good morning. It's Saturday, Feb. 3, and in this weekend edition, we're covering an unexpected jobs report, the passing of a "Rocky" star, and much more. First time reading? Sign up here.
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The US economy added 353,000 nonfarm jobs in January, exceeding economist estimates of 185,000 jobs and up from December's upwardly revised 333,000 jobs, according to government data released yesterday. The unemployment rate held steady at 3.7% for the third consecutive month (see chart).
The latest jobs report comes after the Federal Reserve this week continued to keep its benchmark federal-funds rate (see 101) at a range between 5.25% and 5.5%. The Fed's decision marks the fourth straight meeting in which the central bank has opted to hold rates at the highest level in more than two decades. The Fed tentatively plans to lower rates three times this year, though Chairman Jerome Powell said a rate cut is unlikely to come by the group's next meeting in March. The core personal consumption expenditures price index—the Fed's preferred inflation gauge—rose to 2.9% year-over-year in December; the Fed is targeting a 2% annual rate.
Most of the jobs in January were added in professional and business services (74,000), healthcare (70,000), and retail trade (45,000). Average hourly earnings grew 4.5% year-over-year in January, up from 4.1% in December. See data here. |
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US begins retaliatory strikes in Iraq, Syria in response to Jordan attack.
US forces struck more than 85 targets affiliated with Iran-backed militants, including command and control centers as well as missile storage facilities, according to officials. The airstrikes come after three American soldiers were killed in a drone attack at a US military base in Jordan last weekend.
US judge postpones Trump's 2020 election interference trial.
Former President Donald Trump's federal trial, brought by Justice Department Special Counsel Jack Smith, was set to begin March 4 but has now been pushed indefinitely. The delay comes as Trump's claim of presidential immunity makes its way through a federal appeals court.
CIA leaker sentenced to 40 years in prison.
Former CIA officer Joshua Schulte, 35, was sentenced over espionage charges and possession of child sexual abuse material. He was previously convicted of sending a series of US government classified information to whistle-blowing platform WikiLeaks, which began publishing the information in 2017. Schulte's actions are considered the largest theft of classified information in the CIA's history.
Carl Weathers, actor from ‘Rocky,’ dies at 76.
Weathers was a former NFL linebacker who became an actor and starred as boxer Apollo Creed in the “Rocky” movies with Sylvester Stallone. Weathers also had roles in “Happy Gilmore,” "Predator," and most recently, the Disney+ hit series “The Mandalorian.” He died peacefully in his sleep, per a statement from his family.
Three people indicted in $400M FTX cryptocurrency hack.
The Justice Department has reportedly charged three people for conspiring to steal dozens of people's identities and for allegedly being behind the mystery multimillion-dollar hack. The hack occurred in November 2022 on the same day cryptocurrency exchange FTX, once valued at $32B and led by disgraced founder Sam Bankman-Fried, filed for bankruptcy.
First 3D-printed functional human brain tissue created.
Scientists at the University of Wisconsin-Madison are the first to develop the 3D-printed brain tissue, which grows and behaves like a natural brain tissue. The group used a new 3D-printing method, stacking layers of tissue horizontally rather than vertically and using a softer bio-ink (see 101). The model will allow scientists to better study neurological diseases, including Alzheimer's and Parkinson's.
Michael Jordan's championship sneakers sell for record $8M.
A set of six Nike Air Jordans, known as the Dynasty Collection and worn by the basketball legend during the Chicago Bulls' six winning NBA championship games in the 1990s, sold for $8,032,800. The figure is a global auction record for game-worn sneakers and is the second highest price paid for Jordan's sports memorabilia, behind a game-worn jersey that sold for $10.1M in 2022.
Tesla to patch 2.2 million US vehicles in software recall.
The recall is due to the font size of a warning light on its vehicles' displays. Federal safety regulators said the small font size can make safety information difficult to read, increasing the likelihood of crashes. Tesla said it wasn't aware of crashes caused by the font issue, which will be fixed by an over-the-air software update. |
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Maryland woman donates her kidney and liver to her mom, saving her life twice. (More)
UK nurses help fulfill wedding dreams of end-of-life patients by arranging hospital ceremonies. (More)
Meet the pet detective who has used thermal imaging to reunite 330 lost dogs with their owners for free. (More)
Canadian swimmer, 99, breaks three world records in her respective age class. (More)
California bride, who called off her wedding, gifts her $15,000 reception to families with children who have special needs. (More) |
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Dear readers—
We're taking a moment this week to remember our dear friend and colleague, Pierre Lipton, who unexpectedly passed away one year ago tomorrow.
Pierre accomplished more in 26 years than most do in a lifetime—a world traveler, speaker of multiple languages, valedictorian, Forbes 30 under 30 honoree, start-up founder, and more.
What folks may not have seen from the outside was his consistent desire to drive positive impact in the lives of others. At 1440, Pierre pushed for our employee wellness program, employee happiness interviews, vacation incentives, and more. Outside 1440, he cared deeply about making the world a better place, devoting his time and energy to issues he was passionate about—physical health in underserved communities, food security, animal welfare, and the environment.
These are just a few examples of how Pierre turned the spirit of human kindness into daily action. He was humble and took time to deeply connect with people, lifting others up, and helping them succeed.
Pierre passed away after completing a marathon in Arizona. He was doing what he loved. He is deeply missed by his family, partner, friends, colleagues, dog Appa, and many others.
A philanthropic foundation has been established in Pierre's memory to support charitable organizations consistent with his passions. |
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"In the morning there is meaning, in the evening there is feeling." |
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