Wednesday 22/05/24

In BIG PICTURE NEWS, the EU trading deficit with China shrinks, the UK tries to mend fences with the UAE, the IMF gets bullish about UK interest rate cuts, the Bank of England signals a cut will be next, the government advises stockpiling, factory output rises, an Anglesey nuclear power station is on the cards, Adani faces more allegations, metal prices rise and ether gets a boost. In TECH NEWS, Microsoft pushes Copilot, traders brace themselves for Nvidia and Amazon has a change of heart. In RETAIL & CONSUMER NEWS, US retailers cut prices, Lululemon has a management restructure, B&Q's owner is downbeat and NestlΓ© reformulates its food. In MISCELLANEOUS NEWS, we see a data centre-driven real estate frenzy, whether China's real estate plan will actually work, Cazoo's failure, Nio's progress, Grant Thornton's streamlining, Pixar's cuts and AstraZeneca's grand plan!. AND FINALLY, I bring you a filet mignon that isn't a filet mignon...

 


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