UK Gilt Yields Tumble As BoE Scraps Bond Sales, Holds Rates (As Expected)

Florida Lawmakers Approve Renaming Palm Beach Airport After Trump Authored by Kimberly Hayek via The Epoch Times, Florida lawmakers on Thursday completed the approval of a bill to rename Palm Beach International Airport in honor of President Donald Trump. The measure, now awaiting Gov. Ron DeSantis’s signature, comes at the same time as the Trump family’s recent federal trademark filings for airport names incorporating the president’s identity. The Trump Organization says it will see no financial gain from the Palm Beach site. The Florida Senate passed SB 706 in a 25–11 vote. The legislation...

Restaurants Face GLP-1 Squeeze As Adopt-Or-Die Inflection Arrives Bernstein's latest GLP-1 tracker has Eli Lilly's Mounjaro leading script growth, with downstream effects compounding pressure on the restaurant industry already facing weakening consumer confidence, as gas prices nationwide remain above a politically sensitive $4 a gallon in late summer. Turning to UBS's latest note on the restaurant industry, Dennis Geiger, who covers U.S. restaurants and consumer discretionary names, wrote in a note on Sunday that restaurant investors are struggling to identify opportunities across the space amid sharp share-price volatility, weakening consumer confidence, growing uncertainty...

Microsoft Freezes Hiring In Cloud And Sales As Stock Suffers Worst Start To Year On Record Microsoft shares were trading lower Thursday afternoon, leaving the stock deeper in bear-market territory and down about 24% on the year. Seasonal data suggests it is the worst start to a year for Microsoft on record.  A new report from The Information says Microsoft executives have instructed managers across major divisions, including Azure cloud and North American sales, to freeze hiring as part of a broader effort to reduce costs and boost margins ahead of...