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The Latest Breaking News from MPC

Recession alarm bells ring as Bank slashes 2025 growth forecast to just 0.75%

Inflation also expected to be higher than previously forecast, rising to 3.7% this year

Evening Standard

Bank of England cuts interest rates to 4.5%

A London homeowner with a £300,000 tracker mortgage will see monthly repayments fall around £43 from £1,710 to £1,667.

Evening Standard

Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%

The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth

The Independent UK

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Rate cut can lift mood but Bank’s forecasts are unambiguously bleak

Weak jobs market and above-target inflation will dent Reeves’s growth plans and may wipe out fiscal headroom

The Guardian - UK

Bank of England poised to cut interest rates amid UK economic gloom

Growth forecasts likely to be downgraded, with rate-setting committee tipped to cut lending rate from 4.75% to 4.5%

The Guardian - UK

Pressure rises on Bank of England and the Fed as the interest rate debate gets political

The UK is likely to make a cut this week; Trump has made it very clear he wants his central bank to follow suit

The Guardian - UK

Newly discovered near-Earth asteroid isn't an asteroid at all — it's Elon Musk's trashed Tesla

Astronomers have retracted the discovery of a new asteroid after realizing the object was the remains of Elon Musk's Tesla Roadster and its driver "Starman," which were launched into space in 2018.

LiveScience

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Newly discovered ‘asteroid’ near Earth turns out to be Elon Musk’s Tesla car

Cherry-red Tesla Roadster was launched in 2018 during SpaceX Falcon Heavy’s inaugural flight

The Independent UK

NAMM 2025: "This is the beginning of a really long journey": Native Instruments teams up with Akai, Korg, Novation and more to "empower millions of music creators"

Native Instruments is expanding NKS integration to its competitors' controllers and making its software and sounds available on the Akai MPC platform

MusicRadar

Wage growth accelerates despite flagging jobs market

Official figures revealed that average regular pay surged again, to 5.6% in the three months to November.

Evening Standard

Valentino Rossi stars in WRT's BMW line-up for Bathurst 12 Hour

BMW has revealed an all-star line-up in its two Pro class entries for the Bathurst 12 Hour in what could be the final showdown of the big three German marques at the race.

Autosport

Interest rates 'to be cut within weeks' as weak GDP figures deal new blow to Labour Chancellor Rachel Reeves

The Bank of England’s Monetary Policy Committee is expected to cut interest rates in early February

Evening Standard

Marathon Petroleum’s Q4 2024 Earnings: What to Expect

Marathon Petroleum is set to unveil its fourth-quarter earnings in the upcoming month, due to the narrowing market crack spreads analysts expect a massive drop in earnings.

Barchart

Making the VFX of Mufasa: The Lion King has been "very personal" - how the 1994 movie, Unreal Engine and pride in the craft brought the prequel to life

MPC's Audrey Ferrara explains why this one mattered.

Creative Bloq

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Creative Bloq

The 5 best movies of 2024 for VFX

From Dune to Alien Romulus and Wicked, it was great year for CGI in movies.

Evening Standard

Bank of England holds interest rates at 4.75% but says UK economy stagnating

The Bank’s Monetary Policy Committee said it was keeping rates unchanged on Thursday following a divided vote among policymakers.

The Guardian - UK

Inflation fears trump growth concerns among Bank of England’s MPC members

Investors are betting on just one more rates cut this year, which could bring stagnation, undermining government efforts to drive the economy forward

The National (Scotland)

Bank of England holds interest rates amid 'economic uncertainty' after Labour Budget

THE Bank of England has held interest rates at 4.75 as it cautioned over “heightened uncertainty in the economy” following the UK Budget and US…

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news in one place.

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Evening Standard

UK interest rates held at 4.75% amid ‘heightened economic uncertainty’

The Bank of England said it was keeping rates unchanged on Thursday after cutting the level in August and again in November.

Evening Standard

Bank of England warns economy will stagnate after Budget

Bleak forecast comes at Bank leaves interest rates on hold

The Guardian - UK

UK businesses cutting staff at fastest rate since 2021 after budget

Companies responding to national insurance rise by reducing hiring, survey finds

Barchart

Marathon Petroleum Stock: Is MPC Underperforming the Energy Sector?

Marathon Petroleum has underperformed the energy sector over the past year, but analysts are moderately optimistic about the stock’s prospects.

Barchart

Marathon Petroleum Stock: Analyst Estimates & Ratings

Although Marathon Petroleum has lagged behind the broader market over the past year, analysts maintain a moderately positive outlook for the stock's future prospects.

The Guardian - UK

UK’s jump in inflation lays bare the risks ahead for Labour

Rate cut unlikely until 2025 as energy prices blamed for stronger-than-expected inflation of 2.3%

The Guardian - UK

Retailers are right to warn of job cuts after Reeves budget, says Andrew Bailey

Bank of England governor says number of roles could shrink by more than 50,000 after rise in employer NICs

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