THREAD: stock market soars minor uptick predicted
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TRAGIC STABBING Spree at London Market Shocks Community
— A stabbing spree at East Street Market in south London left one dead and two injured on Sunday morning. Police arrested a man in his 60s at the scene. While they have not shared details about the suspect or his motives, they do not believe it is terror-related, hinting that mental health issues might be involved.
Witnesses described a chaotic scene as the attacker randomly targeted people. An unnamed fabric seller said, “I just saw a bloke running through the market stabbing people willy-nilly.” The attack happened around 10:30 am when the market was getting busy.
The witness immediately called police after seeing two men stabbed, noting one appeared severely injured. Emergency services quickly arrived but sadly, one victim died from injuries despite their efforts.
The investigation continues as authorities work to understand what led to this tragic event and ensure community safety moving forward.
SENIOR CITIZEN Soars Skyward: Security Shutter in Wales Store Lifts Woman Off Ground
— In an unusual turn of events, Anne Hughes, a 71-year-old woman, found herself lifted off the ground when her coat became entangled with a security shutter outside a store in Wales.
Hughes, who works as a cleaner at the Best One shop near Cardiff, was caught off guard when her coat snagged and she was hoisted into the air. “I thought “flipping heck!”” said Hughes. A quick-thinking colleague came to her aid and helped her down after she spent 12 seconds suspended mid-air.
Despite the odd incident, Hughes managed to retain her sense of humor about it all. She expressed relief that she hadn’t landed face-first and even joked that such an event could only happen to her.
The store seized this unexpected opportunity by using the footage for online promotion with a humorous caption about their deals and staff members’ antics. The video clip was shared on social media platform X with this playful tagline: "Don’t hang about like Ann, come down to Best One for unbeatable deals! The only thing going up in our shop is our staff — not our prices!
UK INFLATION TUMBLES to 39%: Central Bank May Slash Rates Sooner Than Predicted
— The Office for National Statistics (ONS) recently announced a surprising drop in UK inflation to 3.9% in November, a decrease from the previous month’s 4.6%. This dip, larger than what financial markets had forecasted, marks the lowest inflation level since September 2021.
This decline is primarily attributed to falling fuel and food prices according to the ONS. However, despite this optimistic news, the Bank of England’s primary interest rate remains at a staggering high of 5.25%, not seen for over a decade and a half.
Governor Andrew Bailey hinted that this stringent interest rate policy might continue for some time. Yet Samuel Tombs, chief U.K economist at Pantheon Macroeconomics suggests an alternative view — that this sharp fall in inflation could trigger an earlier-than-expected cut in interest rates; perhaps as early as the first half of next year.
While elevated interest rates initially helped curb inflation sparked by supply chain disruptions and Russia’s invasion of Ukraine, they have also put pressure on consumer spending and slowed economic growth. As such there are growing worries that maintaining high rates could inflict unnecessary damage on the economy.
UK Immigration Policy DISCONTENT Soars to RECORD High: Britons Demand Change
— A recent study conducted by Ipsos and British Future has unveiled a significant rise in public dissatisfaction with the UK government’s immigration policy. The survey reveals that a staggering 66% of Britons are dissatisfied with the current policy, marking the highest level of discontent since 2015. Conversely, a mere 12% expressed satisfaction with how things stand.
The discontent is widespread, cutting through party lines but for varying reasons. Among Conservative voters, only 22% were satisfied with their party’s performance on immigration issues. A majority of 56% expressed dissatisfaction, while an additional 26% were “extremely unhappy”. In contrast, about three-quarters (73%) of Labour supporters disapproved of the government’s handling of immigration.
Labour supporters primarily voiced concerns about creating a “negative or fearful environment for migrants” (46%) and “poor treatment towards asylum-seekers” (45%). On the other hand, an overwhelming majority (82%) of Conservatives criticized the government for its inability to curb illegal Channel crossings. Both parties identified this failure as a top reason for their dissatisfaction.
Despite assurances from Prime Minister Rishi Sunak’s administration that their policies have made an impact, migrant crossings have seen only slight reduction from last year’s record-setting pace. Over one weekend alone witnessed more than 800 individuals making this dangerous journey
FTSE 100 Hits RECORD High of Over 8,000 Points
— The UK’s blue chip stock index surpassed 8,000 points for the first time in history as the pound plummets in value.
BULLISH on Bitcoin: Crypto Market ERUPTS in January as FEAR Turns to GREED
— Bitcoin (BTC) is on track to have the best January in the last decade as investors turn bullish on crypto after a disastrous 2022. Bitcoin leads the way as it approaches $24,000, up a massive 44% from the beginning of the month, where it hovered around $16,500 a coin.
The broader cryptocurrency market has also turned bullish, with other top coins such as Ethereum (ETH) and Binance Coin (BNB) seeing substantial monthly returns of 37% and 30%, respectively.
The upturn comes after last year saw the crypto market plunge, fueled by fears of regulation and the FTX scandal. The year shredded $600 billion (-66%) from Bitcoin’s market cap, ending the year worth only a third of its 2022 peak value.
Despite the ongoing concerns of regulation, the fear in the market looks to be shifting to greed as investors take advantage of bargain prices. The rise may continue, but savvy investors will be wary of another bear market rally where a sharp sell-off will send prices back to Earth.
Video
BIDEN Vows STRONG Federal Aid as Hurricane Helene Death Toll Soars
— President Joe Biden expressed sorrow and support for victims as Hurricane Helene’s death toll nears 100. He emphasized the federal government’s commitment to aiding affected communities with all available resources.
Biden praised first responders and volunteers for their heroism. “Our hearts are with those who have lost loved ones, and our commitment is to stand by you through this calamity,” he stated.
The storm has caused widespread destruction, submerging neighborhoods and destroying homes. Biden urged Congress to expedite emergency relief funds, stressing the need for bipartisan cooperation.
In closing, Biden called on Americans to offer prayers and tangible support. “We are a resilient nation,“ he declared, ”and together, we will rebuild and recover from this tragedy.”
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