What insiders know 📶

Slowly: US employment gains will slow down significantly through 2032 as population growth moderates, US government estimates show.

That said: The Bank of Canada held interest rates steady, with economists seeing its historic tightening cycle at its likely endpoint as of 2023.

Bought it: Saudi Arabia’s state-controlled telecom company invested $2.25 billion in Madrid-based Telefonica.

Energizing: The US Energy Information Administration, mentioned US households now use more electricity for refrigerators than for lighting, and almost the same amount for lighting as for drying clothes.

Upkeep: Simple fixes such as insulating exposed heating pipes or switching to LED light bulbs makes a difference.

Charging: A British-based battery storage and vehicle electrification company named Zenobe just got a $1 billion boost to expand in North America and Australia from KKR & Co.

Need more: The US Federal Emergency Management Agency designated 483 census tracts for prioritized access to federal funding.

The drop: UK house prices fallen at the fastest pace since 2009 (14 years).

Debt financing: Companies with leveraged loans and junk bonds coming due soon are increasingly turning to private credit lenders to refinance their obligations, with around $10 billion of the loans having been replaced around September 2023.

Triple B: Biobest to acquire Biotrop for €532 million to expand in Brazil.

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