Friday 02/08/24

In MACRO & OIL NEWS, the Bank of England cuts interest rates, the UK property market remains buoyant, the EU issues the UK with demands, the Venezuelan election result is called into question and Shell beat profit forecasts. In TECH NEWS, we see more regulator scrutiny of AI, Intel shares plummet, Amazon earnings jump, Apple revenues rise, CrowdStrike gets hit with a class action lawsuit and Meta is making AI pay. In RETAIL & LEISURE NEWS, Next jacks up profit targets and Wizz Air scales back. In MISCELLANEOUS NEWS, BNP Paribas looks to create an asset management mammoth, AB InBev feels weaker China demand, Rolls-Royce is on a roll and Maersk lifts guidance. AND FINALLY, I bring you a weirdly satisfying video...

 


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