uk labor market

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK wage growth slowed less than expected in the fourth quarter, underscoring the Bank of England's caution against moving too quickly to cut interest rates. 
(2) Arm Holdings Plc soared again on Monday, extending a three-day rally that has driven its value up almost 100%, after a blockbuster earnings report last week showed artificial intelligence spending is bolstering sales.
(3) US President Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying that could lay the groundwork for broader peace.
(4) Elon Musk told US Republican senators "there is no way in hell" that Russian President Vladimir Putin could lose the war on Ukraine, weighing in on a conflict that has been affected by Musk's own Starlink satellite services.
(5) Bond traders have come more in line with the Federal Reserve's trajectory for the upcoming easing cycle. Strategists at Citigroup Inc. say what's missing now is traders hedging the risk of a very brief easing cycle followed by rate increases shortly thereafter.

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) China's recovery worries mount as data disappoints.
(2) UK wage rises set to keep the Bank of England on edge.
(3) The Fed's Bostic tells Bloomberg Radio there's still a ways to go on inflation.
(4) One in five Brits to start paying the 40% rate by 2027. 

See omnystudio.com/listener for privacy information.