Bank of England cuts key interest rate by 25 basis points
As expected, the Bank of England is cutting its key interest rate by 25 basis points to 4.50 percent. This will be the third cut since the central bank began cutting in August 2024.
According to the latest measurement, the country's inflation is at 2.5 percent annually, which is slightly above the central bank's target of 2 percent.
As expected, the Bank of England is cutting its key interest rate by 25 basis points to 4.50 percent. This will be the third cut since the central bank began cutting in August 2024.
According to the latest measurement, the country's inflation is at 2.5 percent annually, which is slightly above the central bank's target of 2 percent.
Swedish interest rates
Analysis: Thedéen should have ice in his stomach - a cut unlikely
Despite Thursday's unexpectedly high inflation figure, Riksbank Governor Erik Thedéen is best at "keeping a cool head," writes DI's Nils Åkesson in an analysis. January is always difficult to assess due to the rebalancing of the CPI basket. The Swedish economy is also continuing to be sluggish and, in addition, inflation is still close to the two percent target, he reasons.
Carl Johan von Seth believes that an interest rate cut is now very unlikely after this morning's "mini inflation shock". SCB's flash CPI confirms Thedéen's line of switching from regular cuts to a more wait-and-see approach. "Several analysts believe in a cut in May, but even that seems less likely", he writes.
Analysis: Thedéen should have ice in his stomach - a cut unlikely
Despite Thursday's unexpectedly high inflation figure, Riksbank Governor Erik Thedéen is best at "keeping a cool head," writes DI's Nils Åkesson in an analysis. January is always difficult to assess due to the rebalancing of the CPI basket. The Swedish economy is also continuing to be sluggish and, in addition, inflation is still close to the two percent target, he reasons.
Carl Johan von Seth believes that an interest rate cut is now very unlikely after this morning's "mini inflation shock". SCB's flash CPI confirms Thedéen's line of switching from regular cuts to a more wait-and-see approach. "Several analysts believe in a cut in May, but even that seems less likely", he writes.
The flood of reports
Amazon's profit crush is overshadowed by weak prospects
Amazon delivers a profit crush in the fourth quarter at the same time as sales and cloud revenues come in line with estimates. However, the sales outlook for the current quarter does not live up to analysts' expectations, writes CNBC.
Amazon predicts that sales will amount to 151-155.5 billion dollars compared to the expected 158.3 billion. The outlook for operating profit also falls below estimates.
According to the company, the forecast is affected by an unusually large blow from currency fluctuations of $ 2.1 billion.
The stock falls in after-hours trading on Wall Street.
Amazon's profit crush is overshadowed by weak prospects
Amazon delivers a profit crush in the fourth quarter at the same time as sales and cloud revenues come in line with estimates. However, the sales outlook for the current quarter does not live up to analysts' expectations, writes CNBC.
Amazon predicts that sales will amount to 151-155.5 billion dollars compared to the expected 158.3 billion. The outlook for operating profit also falls below estimates.
According to the company, the forecast is affected by an unusually large blow from currency fluctuations of $ 2.1 billion.
The stock falls in after-hours trading on Wall Street.
Elon Musk's X
Former X employees give tips on how to handle Musk
Elon Musk is using the same methods in the US government as when he joined X, formerly Twitter – heavy cuts and the closure of entire businesses, writes CNN .
Now several former Twitter employees are offering tips on how to handle the world's richest man. For example, you should document important changes and not follow his directives blindly. They also urge you to avoid negative language in contact with Musk.
About 2 percent of all US government employees have accepted Musk's severance pay. The maneuver, which is part of his way of slimming down the state apparatus, has been criticized by the union, writes Bloomberg
Former X employees give tips on how to handle Musk
Elon Musk is using the same methods in the US government as when he joined X, formerly Twitter – heavy cuts and the closure of entire businesses, writes CNN .
Now several former Twitter employees are offering tips on how to handle the world's richest man. For example, you should document important changes and not follow his directives blindly. They also urge you to avoid negative language in contact with Musk.
About 2 percent of all US government employees have accepted Musk's severance pay. The maneuver, which is part of his way of slimming down the state apparatus, has been criticized by the union, writes Bloomberg
State employees rush to Musk's buyout package
Elon Musk's department Doge has given state employees the opportunity to resign with severance pay. According to Bloomberg, more than 40,000, equivalent to 2 percent of all state employees, have taken the offer.
The offer means that employees will receive pay through September without having to go to work. The unions have criticized the maneuver, which is part of the work to slim down the state apparatus. They say that it is not set in stone that there will be any payments because the program has not been approved by Congress.
- Federal employees should not be misled by the smooth talk of billionaires who are not elected and their lackeys, says union leader Everett Kelley.
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