Friday 26/04/24

In MACRO, MARKETS & MINING NEWS, Biden takes a hit, the Bank of Japan keeps interest rates unchanged, markets drop on US disappointment and we take a closer look at the BHP deal. In TECH NEWS, the US pushes for more China chip bans, Intel disappoints, Microsoft benefits from its AI push, Alphabet breaks $2tn, Musk's xAI gets a Sequoia boost and LG Electronics' profits rebound. In EV NEWS, Stellantis moans about EV quotas, global battery production rises (but not fast enough), South Korea warns of China's EV supply chain dominance and Toyota puts big money into its Indiana facility. In MISCELLANEOUS NEWS, luxury is looking good as Hermès puts in a solid performance, WH Smith expects a busy summer, consumer confidence rises, Canary Wharf Group suffers and we look at the effect of the decision on non-compete clauses. AND FINALLY, I bring you an example of Finnish bus driving...


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