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Apple Cancels EV Plans

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🚨 🚨 Apple Inc. is canceling a decadelong effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company
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Only 38% Chance Of 4 Rate Cuts

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🇺🇸 🇺🇸 Markets now see a ~38% chance of 4 interest rate cuts in 2024. Just over a month ago, the base case showed a 50%+ chance of 6 interest rate cuts in 2024
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CRE Devaluation Is Real

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🏙️ 🏙️ CRE Devaluation Is Real: Canada Pension Plan Investment Board has done three deals at discounted prices, selling its interests in a pair of Vancouver towers, a business park in Southern California and a redevelopment project in Manhattan, with the New York stake offloaded for the eyebrow-raising price of just $1. The worry is those deals may set an example for other major investors seeking a way out of the turmoil too
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G20: Growing Chance Of A Soft Landing

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🌎 🌍 The global economy has a growing chance of pulling off a soft landing, finance chiefs said in a draft of the G-20’s closing statement at this week’s meeting in Brazil, citing faster-than-expected disinflation as one of the upside risks
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LVMH In Talks To Buy Paris Match

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🇫🇷 🇫🇷 Luxury giant LVMH is in talks to buy French magazine Paris Match from media conglomerate Lagardere SA, which is majority controlled by Vincent Bollore’s Vivendi
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LVMH In Talks To Buy Paris Match

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🇫🇷 🇫🇷 Luxury giant LVMH is in talks to buy French magazine Paris Match from media conglomerate Lagardere SA, which is majority controlled by Vincent Bollore’s Vivendi
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Bitcoin Surges Above $57K

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🚨 🚨 BREAKING: #Bitcoin prices rise above $57,000 for the first time since November 2021, up 260% from 2022 low
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Alibaba Leads Record Deal

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🇨🇳 🇨🇳 Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a string of sizable investments that suggest the e-commerce firm is again deploying capital in the hunt for growth
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Japan’s Inflation Drops

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🇯🇵 🇯🇵 Japan’s inflation drops to 2.2% in January, lowest since March 2022
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