GDP report could show solid fourth quarter growth but still signal a recession is coming, economists say
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A Lloyd’s of London revival will require more nimble regulation
There is still a fragility to the recent success of the world’s oldest insurance marketFinancial Times - Business -
Angela Rayner refuses to publish tax records as police probe house sale
UK opposition party’s deputy leader issues challenge to Tories: ‘You show me yours, I’ll show you mine’Financial Times - Business -
Military briefing: Ukraine digs deep as Russians advance
Kyiv is building 2,000km of fortifications to hold territory in anticipation of another Moscow offensiveFinancial Times - Business - Ukraine -
GDP in fourth-quarter raised to 3.4% due to stronger consumer spending
The final reading of U.S. growth in the 2023 fourth quarter was raised to a 3.4% annual pace, reflecting a surprisingly resilient U.S. economy.MarketWatch - Business -
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.CNBC - Business - Federal Reserve -
How Europe's regulatory battle with Apple could signal what’s to come for American consumers
It’ll likely take years before the U.S. government’s massive antitrust lawsuit against Apple is resolved — but the iPhone maker’s troubles with European regulators offer a glimpse of what changes American customers may see down the lineABC News - Tech -
Ending 6% commissions could create a ‘Venus flytrap situation’ for home buyers, economist says
A proposed settlement announced by the National Association of Realtors could quickly saddle home buyers with additional costs, one professor said.MarketWatch - Business -
Fritzl could never come to UK, says home secretary
James Cleverly responds to claims the Austrian sex offender would like to live in the UK if he is ever freed.BBC News - Top stories -
GameStop’s demise could come later this decade, analyst says
GameStop Corp., which reported a significant sales decline its fourth-quarter results late Tuesday, could meet its demise before the end of this decade, according to analyst firm Wedbush.MarketWatch - Business -
Economist Claudia Sahm created one of the most accurate recession predictors. Here’s why she’s getting worried.
Sahm has been calling on the Fed to cut interest rates since December.MarketWatch - Business -
GameStop shares slide 15% on top- and bottom-line misses for fourth quarter
GameStop Corp.’s shares fell in in extended trading Tuesday, after the videogame retailer and original meme stock missed analysts’ top- and bottom-line estimates in its fourth-quarter results.MarketWatch - Business -
Corporate profits hit record high as economy boomed in fourth quarter of 2023
Gross domestic product (GDP) and corporate profits both smashed expectations in the fourth quarter of 2023 as the knock-on effects of pandemic stimulus juiced the U.S. economy. GDP came in at a 3.4 percent increase, below the massive bump of 4.9 ...The Hill - Politics -
Free vapes could 'save thousands of lives', report says
Trial finds group offered vape kits and referred for support were 76% more likely to give up smoking.BBC News - Top stories -
Could assisted dying be coming to Scotland?
MSPs will get the chance to make Scotland the first part of the UK to let people legally end their lives.BBC News - Top stories -
GameStop shares make biggest gain since December ahead of fourth-quarter results
GameStop’s stock ended Monday’s session up 15.4%, registering its largest daily percentage increase since Dec.13, 2023.MarketWatch - Business -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
AI ‘apocalypse’ could take away almost 8m jobs in UK, says report
Women, younger workers and lower paid are at most risk from artificial intelligence, says IPPR thinktank. Almost 8 million UK jobs could be lost to artificial intelligence in a “jobs apocalypse”, according to a report warning that women, younger ...The Guardian - World - Artificial Intelligence -
China-made vehicles will make up a quarter of Europe’s EV sales this year
China-made electric vehicles will make up more than a quarter of the EV sales in Europe this year, according to a new policy analysis.NBC News - Top stories -
Why an Up-and-Coming Wellness Brand Raised Debt Capital to Fuel Its Growth
Founder Shizu Okusa is growing her business profitably--and making the most of non-dilutive funding.Inc. - Business -
Venezuela's coming electoral farce could double its emigration to the US
Venezuela's regime is carrying out a dark and dangerous migration strategy — a new version of the Cuban Mariel Boatlift, except on steroids.The Hill - Politics -
Microsoft is already bigger than Apple, but its ‘iPhone moment’ could be coming
Wedbush is excited about the potential for AI to give a big boost to Microsoft’s cloud business.MarketWatch - Business - Microsoft -
Stocks surge after Fed indicates three rate cuts still coming this year
The S&P topped 5,200 for the first time Wednesday after the Federal Reserve said it was still targeting three rate cuts in 2024. Markets had feared hotter-than-expected inflation and jobs data would persuade the Fed to trim its timeline.CNN - Top stories - Federal Reserve -
Cocoa prices are soaring to record levels. What it means for consumers and why 'the worst is still yet to come'
Cocoa has more than tripled in cost over the past year and is up 129% in 2024.CNBC - Business -
DraftKings is showing this ‘powerful sign’ that could help boost its stock 20%
DraftKings’ stock has been a big recent winner, rising nearly 170% over the past 12 months. But there’s still room to run, according to a new bull.MarketWatch - Business -
Dethrone the dollar? 5 charts show how U.S. currency still rules the world economy.
The U.S. dollar has strengthened its grip on the global financial system since Russia invaded Ukraine two years ago, defying expectations of “de-dollarization.”MarketWatch - Business -
Fresh blow for Rwanda deportation plan as report shows extreme poverty and hunger
Foreign Office paper says not enough being done, with over half the population living on less than $1.90 a day. UK politics – latest updatesNew fears have arisen about the suitability of Rwanda as a destination to send UK asylum seekers after a ...The Guardian - World -
Tesla has had a ‘nightmare’ first quarter amid weak China demand
Wedbush’s Dan Ives trims his stock-price target for Tesla to $300 from $315 after a “perfect storm” of issues.MarketWatch - Business - China -
Climate change could affect timekeeping, study says
Melting ice is slowing the Earth's rotation, affecting how time is calculated, a new study says.BBC News - Top stories - Climate -
Maryland governor vows to deploy all resources as search continues for six missing people after Baltimore bridge collapse – live
Wes Moore says rescuers have deployed air, land, and sea methods to help search for survivors. Full report – at least six missing as Biden laments ‘terrible accident’Have you been affected by the Baltimore bridge collapse?Pete Buttigieg, the ...The Guardian - World -
‘Tone-deaf’ fossil gas growth in Europe is speeding climate crisis, say activists
Just 2% of continent’s gas capacity has planned retirement date despite pledges to decarbonise, study shows. Europe’s “tone-deaf” expansion of fossil gas is accelerating climate breakdown and increasing reliance on hostile regimes, campaigners ...The Guardian - World - Climate -
Baltimore bridge collapse poses little threat to U.S. economic growth, experts say
President Joe Biden said he expects the federal government to cover the cost of rebuilding the Francis Scott Key Bridge.CNBC - Business -
Al-Yamamah arms deal report comes to light ending anti-corruption campaigners’ battle
Inquiry by National Audit Office into British-Saudi arms contract reveals evidence of MoD deception over bribery allegations. A suppressed official report on alleged corruption in a giant British-Saudi arms contract has been discovered in a public ...The Guardian - World -
Changing Tory leader could result in even larger Labour landslide, new poll shows
Labour lead would soar to 24 points if Kemi Badenoch or Suella Braverman became leader, according to Opinium poll. Three out of the four Tory MPs seen as the most likely replacements for Rishi Sunak would fare even worse than the current prime ...The Guardian - World -
Rewatching Old Shows Could Lead To Fewer New Ones, Judd Apatow Worries
We're sorry to interrupt your 19th rewatch of The Office to share a major worry from The 40-Year-Old Virgin and Knocked Up director Judd Apatow. He's concerned that people may become too comfortable checking out old shows--like Suits on ...GameSpot - Tech -
Chelsea could face a crippling financial position: New analysis shows without major sales, PSR penalties loom
Forget buying new players, Chelsea's position means to avoid Premier League penalties, they likely need to sellCBS Sports - Sports -
GTA 6 Targeting "Early 2025" But Could Slip To 2026 - Report
According to a report from Kotaku, one of the most highly anticipated game releases ever, Grand Theft Auto VI, could potentially slip to 2026. The site reported that Rockstar Games is currently planning to release the game in "early 2025." ...GameSpot - Tech -
Resident Evil 9 Could Be An Open-World Game - Report
The next mainline game in the Resident Evil series reportedly could be an open-world game. Capcom has yet to make any sort of announcement.. According to insider Dusk Golem, Resident Evil 9 is being built on the open-world functionality of the RE ...GameSpot - Tech -
Sonic Heroes Could Be Getting A Remake For Nintendo Switch Successor - Report
A remake of Sonic Heroes is reportedly being considered at Sega. The game was first released in 2003 for PC, PlayStation 2, Nintendo GameCube, and original Xbox.. According to Universo Nintendo, the Sonic Heroes remake would be built with Unreal ...GameSpot - Tech -
Revised figures confirm UK ended 2023 in recession
Official data shows the economy contracted during the last two quarters of last year.BBC News - Top stories - United Kingdom -
UK Confirmed in Recession at End of 2023
U.K. gross domestic product shrank 0.3% between October and December, with the economy hit by high inflation and interest rates that stifled household spending.The Wall Street Journal - World - United Kingdom