Meta: Engagement Is Growing

🚨 🚨 Morgan Stanley/Meta Platforms: “Engagement is growing, driven by Reels and Reel monetization. And as Meta is monetizing Reels at a higher rate, quarter over quarter is driving much faster than appreciated ad revenue growth, we think into 2024 and 2025”
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Alibaba Disappoints

🚨 🚨 BREAKING: Alibaba Non-GAAP EPADS of $2.14 beats by $0.05, revenue of $30.81B misses by $230M

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Intel: Get Ready For Part Two

🚨 🚨 Mizuho: “We believe Intel is lining up significant new server product launches and Foundry customer announcements in the next six months”
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Goldman: BOE Could Cut In Feb

🇬🇧 🇬🇧 Bank Of England Could Start Cutting UK Interest Rates As Early As February, Says Goldman Sachs
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UK Faces 5% Energy Price Increase

🇬🇧 🇬🇧 British households are facing a 5% increase on their energy bills from January, when the regulator is set to raise its price cap. Ofgem’s price cap is expected to rise to an annualized rate of £1,931 ($2,395)
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JPY: Options Action To Encourage Carry Trades

🇯🇵 🇯🇵 Options Market Price Action Should Encourage JPY Carry Trades Where The Yen Is Sold To Fund Longs In Higher Yielding Currencies
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South Korea: AI Could Replace 4 Million Jobs

🇰🇷 🇰🇷 Artificial intelligence may replace as many as 4 million, or 14% of South Korea’s jobs, over the next two decades, a central bank study said, adding to a chorus of warnings on the looming disruption to labor markets around the world. Higher-income workers with better academic backgrounds face a greater threat as AI could handle their analytic and cognitive work more easily, said a team led by Oh Sam-il at the Bank of Korea. Chemists, doctors, lawyers, accountants and asset managers are among the most threatened, while people in religious fields, food services, teaching and singing are the least vulnerable, they said Thursday
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BOE’s Greene Remains Hawkish

🇬🇧 🇬🇧 BoE’S MPC’s Greene: I’m Not Thinking About Cuts
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Spain PM Set To Win Second Term

🇪🇸 🇪🇸 Spain PM Pedro Sánchez Set To Win Second Term Amid Uproar Over Amnesty Deal – FT
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