Wednesday 01/05/24

In BIG PICTURE NEWS, Biden looks to loosen marijuana rules, the EU exits recession and investigates greenwashing, food importers brace for cost increases, council funding looms large, a lithium miner eyes Durham and cocoa prices drop suddenly. In RETAIL, CONSUMER GOODS & RESTAURANTS NEWS, Amazon sees sales surge, Adidas sees profits boom, Puig goes for a chunky IPO valuation, fast-food giants acknowledge price-strapped customers and Starbucks undershoots expectations. In CARS NEWS, Musk fires his entire supercharger team and a major vehicle-carrier warns of a new wave of car imports. In MISCELLANEOUS NEWS, eight newspapers sue OpenAI and Microsoft, Huawei takes Apple market share, Binance's CZ gets a four month sentence and UK mortgage approvals rise. AND FINALLY,I bring you an amazing bike stunt...

 


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