Hints and tips:
...Growth was particularly strong in healthcare, leisure and hospitality, and construction, as well as in government jobs....
...BlackRock reported record assets under management of $10.5tn thanks to strong equity markets and the popularity of its new spot bitcoin exchange traded fund....
...TSMC said in January that it expected a return to strong growth with revenues expected to increase by up to 25 per cent....
...Morgan Stanley first-quarter profits rose 14 per cent to $4.3bn, thanks to strong performances in trading and wealth management....
...The age-old relationship between economic sentiment and a government’s popularity has disappeared in the US, but remains as strong ever in western Europe, says chief data reporter John Burn-Murdoch....
...Need to know: UK and Europe economy The UK government had its biggest monthly surplus on record in January, traditionally a strong month for public finances as receipts come in from self-assessment tax...
...Central banks might have to delay interest rate cuts because of stubbornly strong services price inflation, the Bank for International Settlements said....
Also in this newsletter: eurozone inflation rises, China’s brandy-fuelled spat with Brussels, science round-up
...Treasury secretary Janet Yellen said the strong GDP data did not raise “inflationary concerns” after some people expressed fears that demand would remain too strong to bring inflation back to the Fed’s target...
...EasyJet said strong demand for summer flights meant it was likely to narrow its losses, despite a £40mn hit from the conflict in the Middle East. War’s good for one thing, of course: arms sales....
...Taiwan Semiconductor Manufacturing Company, the world’s biggest contract chipmaker, is similarly bullish, forecasting a return to strong growth this year as the global market recovers....
...Uber reported its first full year of operating profits, thanks to strong demand for ride-hailing, deliveries and a growing advertising business....
...Zara owner Inditex, the world’s largest fashion retailer, reported a strong start to the first quarter after managing to lift profits and prices in 2023....
...Need to know: business Big Tech investors were downbeat after Microsoft and Google warned of more large costs ahead in the race to develop cutting-edge artificial intelligence products, despite strong quarterly...
...The pattern looks set to continue with strong gains in tech stocks in January. For up-to-the-minute news updates, visit our live blog Good evening....
...Figures from J Sainsbury, the UK’s second-largest supermarket chain, showed strong grocery sales but a weaker outcome in non-food categories....
...Need to know: UK and Europe economy The UK economy bounced back more than expected in November with growth of 0.3 per cent, lifted by the services sector, strong Black Friday sales and fewer strikes....
...Foreign direct investment in China plunged to its lowest level since the 1990s last year as an expected strong recovery from pandemic-era lockdowns failed to materialise....
...London Heathrow has sharply cut its losses and raised passenger forecasts after an “extraordinary” summer, with particularly strong demand from long-haul markets, including Asia-Pacific, where traffic has...
...Strong UK consumer confidence data this morning has damped market expectations of interest rate cuts but Bank of England chief economist Huw Pill told the Financial Times that it could not yet afford to...
...UK bellwether retailer Marks and Spencer announced its first post-pandemic dividend as strong food sales drove an increase in first half-profits from £208mn to £326mn....
...subscribers can sign up here for Moral Money updates every week day during the summit) Critics have also pointed out the preponderance of bankers, consultants and other lobbyists among the estimated 80,000 strong...
...Ørsted is not the only European offshore turbine cluster operator buffeted by strong headwinds....
...The IMF is a tad more positive, arguing that the strong recent performance from the US has reduced the odds of a “hard landing” for the world economy....
...On Monday, Chevron announced a $53bn deal to buy fellow US producer Hess, the biggest transaction in its history, doubling down on its bet that demand for fossil fuels would remain strong for decades to...
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