Friday 05/05/23

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In MACRO, MARKETS & OIL NEWS, the ECB raises rates, the CMA vies for global impact and Shell unveils record profits!. In TECH NEWS, the big AI meeting happened and we look at why everyone is scared, how lawyers are using it as well as new pressures on Meta, Apple's results and Shopify's woes. In BUSINESS & CONSUMER TRENDS NEWS, it falls apart for Maersk, UK tourism boosts the services sector and Pinduoduo moves to Ireland, Chinese buy local carmakers and boost domestic tourism while consumers spend on houses, booze, trains, clothes and Peloton. In MISCELLANEOUS NEWS, European carmakers pour money into China, Thailand sees investment as well, Porsche and Aston Martin benefit from luxury spending, Lloyds profits boom, Icahn fights back (kind of) and Eli Lilly is close to another breakthrough!. AND FINALLY, US banks continues to suffer and Ferrari opens up sales again for its Purosangue

 


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Watsonโ€™s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

 

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