Thursday 02/02/23

In MACRO & OIL NEWS, the Fed raises US interest rates and we take a closer look at the EU vs US subsidies situation, how the IMF has a history of getting forecasts wrong and a few challenges facing Shell and BP. In EMPLOYMENT, CONSUMER & RETAIL TRENDS, US workers return to office, there are headcount reductions at PayPal, FedEx and Rivian while in the UK we see mortgage overpayments, weaker property prices and the ongoing battle in UK supermarkets. In TECH NEWS, a US chipmaker plans to build a semiconductor plant in Germany, Intel cuts back and OpenAI offers a new subscription plan while Meta has a good day, YouTube takes on TikTok and Darktrace tries to fend of scepticism. In INDIVIDUAL COMPANY NEWS, Adani calls off its share sale and Peloton pedals towards recovery. AND FINALLY, I bring you a new discovery (for me, anyway!)...


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