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UK Pay Growth Hits Eight-Month High, Jobs Market Resilient

UK pay growth hit an eight-month high in Q4 2024, reaching 5.9%. Employment also unexpectedly rose despite concerns over the government's payroll tax increase. The resilient jobs market may complicate the BOE's efforts to tame inflation.

Betting on Yen Against European Currencies to Hedge Dollar Volatility

Investors are using European currencies to bet on the strengthening yen, as uncertainty over Trump's trade tariffs makes dollar-based strategies less appealing.

OpenAI Rejects $97.4B Bid from Musk-Led Consortium

OpenAI rejects Elon Musk's $97.4 billion bid, confirms non-profit status, aiming to ensure AI benefits humanity.

Ford CEO Jim Farley Warns Trump Administration: Tariffs Will Hurt Auto Industry

Ford CEO warns Trump admin: Tariffs would be devastating to auto industry

JPMorgan Hires Goldman Sachs Banker for Business Services Unit

JPMorgan Chase hires Goldman Sachs' Jonathan Slaughter to bolster business services in EMEA

Oil futures gain as trade tariffs fan inflation fears

Crude oil futures surge as investors hedge against inflation risk amid potential tariffs