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UnitedHealthcare names Tim Noel new CEO after Brian Thompson killing

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UnitedHealthcare (UHC) health insurance company signage is displayed on an office building in Phoenix, Arizona on July 19, 2023.

Patrick T. Fallon | Afp | Getty Images

UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive, Brian Thompson, in Manhattan in December. 

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Noel was the head of Medicare and retirement at UnitedHealthcare, the largest private health insurer in the U.S. It is the insurance arm of UnitedHealth Group, the nation’s biggest health-care conglomerate based on revenue and its more than $480 billion market cap. 

Noel, who first joined the company in 2007, “brings unparalleled experience to this role with a proven track record and strong commitment to improving how health care works for consumers, physicians, employers, governments and our other partners,” UnitedHealth Group said in a statement.

The company is still reeling from the murder of Thompson, which unleashed a torrent of pent-up anger and resentment toward the insurance industry, renewed calls for reform and reignited a debate over health care in the U.S.

Amid concerns about physical safety, companies across the industry have beefed up security for their executives and removed their photos and much of their personal information from their websites. That includes UnitedHealth Group, which appears to no longer have an executive leadership page.

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Luigi Mangione, who was charged in the deadly shooting of Thompson, is currently being held without bond in Brooklyn, New York. Mangione, 26, faces charges including murder and terrorism, to which he has pleaded not guilty.

Noel oversaw a part of UnitedHealthcare’s business that includes Medicare Advantage plans, which have been the source of skyrocketing costs for insurers. 

Medicare Advantage, a privately run health insurance plan contracted by Medicare, has long been a key source of growth and profits for the insurance industry. But medical costs from Medicare Advantage patients have jumped over the past year as more seniors return to hospitals to undergo procedures they had delayed during the Covid-19 pandemic. 

UnitedHealthcare’s Medicare and retirement unit serves one-fifth of Medicare beneficiaries, or nearly 13.7 million patients, according to a fact sheet from the company. 

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UnitedHealth Group CEO Andrew Witty said on an earnings call last week that the profit-driven U.S. health-care system “needs to function better” and be “less confusing, less complex and less costly.”

Witty said members of the system benefit from high prices, noting that lower prices and improved services can be good for customers and patients but can “threaten revenue streams for organizations that depend on charging more for care.” However, Witty did not address to what extent UnitedHealth Group benefits from that model. 

In its first quarterly results since the killing, UnitedHealth Group reported fourth-quarter revenue that missed Wall Street’s expectations due to weakness in its insurance business.

The company’s 2024 revenue rose 8% to $400.3 billion, and it expects revenue to climb again this year to a range of $450 billion to $455 billion.

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— CNBC’s Bertha Coombs contributed to this report.

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Did You Miss Bonk and Dogwifhat's 10,000% Rallies In 2024? This New Altcoin Is Expected To Be Even Bigger In 2025

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Did You Miss Bonk and Dogwifhat's 10,000% Rallies In 2024? This New Altcoin Is Expected To Be Even Bigger In 2025

The cryptocurrency sector had some incredible activity in 2024. With their value soaring by over 10,000% and transforming fortunate early investors into overnight millionaires, Bonk and Dogwifhat stole the show. However, not everyone had the same luck; many were left wondering how they missed the next great thing.

Don’t worry if you’ve been kicking yourself for missing out on those benefits; there is still time to get in on another amazing opportunity. In its presale stage, Remittix, a rising star in the cryptocurrency space, is already creating a stir. With more than $5.2 million raised and forecasts of a 100x increase in 2025, this cryptocurrency might be your second opportunity to succeed.

What Drove Bonk and Dogwifhat to 10,000% Gains?

To understand why Remittix is generating so much excitement, let’s first examine what made Bonk and Dogwifhat so successful:

● Community Power: The enormous support that both coins received from their respective communities increased their market presence and reach.
● Affordability: Due to their modest initial prices, these tokens were available to a wide spectrum of investors.
● Market Timing: As investors sought the next big thing, the 2024 memecoin frenzy helped push these tokens to amazing heights.
● FOMO (Fear of Missing Out): As word got out about their rapid expansion, more people joined, which raised costs even further.

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Despite their remarkable success, investors began to doubt the long-term viability of both tokens since they were excessively hyped. At the same time, Remittix started doing crazy numbers and attracting the attention of crypto enthusiasts.

Why Remittix Is the Best Altcoin to Watch in 2025

Remittix isn’t just another crypto riding the hype train. It’s a well-planned enterprise that fills a significant market gap: crypto-to-fiat transactions. Here’s why it’s quickly becoming one of the best altcoins of 2025:

● Addressing Actual Issues: High costs, protracted delays and a lack of transparency are common features of international remittances and cryptocurrency transfers. By enabling users to convert more than 40 cryptocurrencies into cash and transfer money straight to any bank account in the globe, Remittix is revolutionizing the market.
● Fixed Fees and Complete Openness: Remittix charges flat costs, in contrast to many other providers that conceal expenses or manipulate currency rates. This makes it perfect for overseas transactions since the recipient receives precisely what you sent.
● Momentum of Presale: With more than $5.2 million already raised, the Remittix presale is among the most popular on the market at the moment. Early adopters have a rare chance to lock in their position before the price unavoidably rises, since tokens are just $0.0282.

Comparing Remittix to Bonk and Dogwifhat

Even if Bonk and Dogwifhat had amazing gains, their dependence on hype calls into doubt their long-term worth. Remittix, on the other hand, blends innovation, utility and growth potential.

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● Utility: Remittix appeals to both individual and institutional investors due to its genuine use case in international payments, unlike memecoins.
● Sustainability: Remittix’s emphasis on finding solutions to real-world issues positions it for long-term success, whereas memecoins tend to fade as the initial excitement subsides.
● Growth Potential: According to analysts, Remittix will grow 100 times, greatly surpassing Bonk and Dogwifhat’s gains.

Remittix is putting itself in a strong position to be one of the best altcoins of 2025 with these benefits. It stands out from the competitors because of its creative strategy for bridging the gap between blockchain and traditional finance.

Now’s The Time To Join Remittix

Although there are many surprises in the cryptocurrency industry, certain projects are more notable than others. Although Bonk and Dogwifhat garnered media attention in 2024, Remittix is positioned to emerge as 2025’s biggest star. It’s a coin worth considering because of its creative ideas, clear costs and enormous development potential.

Discover the future of PayFi with Remittix by checking out their presale here:

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Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

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AI-enhanced films score nods for acting, editing

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Adrian Brody in “The Brutalist”

Source: A24

Two films facing controversy over their use of artificial intelligence led the nominees for the Academy Awards announced Thursday.

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“The Brutalist,” a drama about a Hungarian-Jewish architect who survives the Holocaust and flees to the U.S., garnered 10 nominations, while “Emilia Pérez,” a musical centered on a transgender Mexican cartel leader, led all films with 13 nominations.

Both movies have been the subject of criticism this month for using AI to enhance actors’ voices. “The Brutalist” also caught blowback for employing AI to supplement the visuals in the film’s ending sequence.

Nominations for “The Brutalist” include Adrien Brody for best actor and Felicity Jones for best supporting actress, while “Emilia Pérez” star Karla Sofía Gascón is up for best actress. Both films earned nods for best picture and best film editing. “Emilia Pérez” was nominated for best sound.

Artificial intelligence has been a point of contention in Hollywood in recent years. The technology is frequently used in the moviemaking process for tasks such as dubbing or color correction and is not grounds for disqualifying a film from Academy Award nomination. Still, it was a key issue during the 2023 actors’ and writers’ strikes, during which creators expressed fears around AI replacing their work and impacting their pay.

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Both the Writers Guild of America and SAG-AFTRA, the entertainers’ and artists’ union, reached agreements with the Alliance of Motion Picture and Television Producers that included conditions and compensation for productions that use generative AI and digital replicas of performers. But the agreements also left unresolved questions such as how freely studios can train AI with preexisting content.

SAG-AFTRA did not immediately respond to a CNBC request for comment Thursday.

The tensions around AI flared earlier this month following an interview with “The Brutalist” director and co-writer Brady Corbet and film editor David Jancso, both of whom received Oscar nominations Thursday, that discussed AI’s role in the movie. Jancso told media outlet RedShark he used AI tool Respeecher to clone and enhance Brody’s and Jones’ Hungarian-language dialogue. Respeecher was necessary to nail the pronunciations of certain letters and sounds, he said, and it was faster than using other software platforms to edit the dialogue.

Jancso also said he used generative AI to help create architectural drawings and buildings shown in the movie’s finale.

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“It is controversial in the industry to talk about AI, but it shouldn’t be,” he said in that interview. “We should be having a very open discussion about what tools AI can provide us with. There’s nothing in the film using AI that hasn’t been done before. It just makes the process a lot faster. We use AI to create these tiny little details that we didn’t have the money or the time to shoot.”

The story caused a firestorm on social media, where some users condemned the use of AI and said they wouldn’t watch the film.

Corbet defended the performances, telling Variety, “Adrien and Felicity’s performances are completely their own.”

“They worked for months with dialect coach Tanera Marshall to perfect their accents. Innovative Respeecher technology was used in Hungarian language dialogue editing only, specifically to refine certain vowels and letters for accuracy. No English language was changed. This was a manual process, done by our sound team and Respeecher in post-production,” Corbet said, according to Variety. “The aim was to preserve the authenticity of Adrien and Felicity’s performances in another language, not to replace or alter them and done with the utmost respect for the craft.”

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(From L) Mexican actress Adriana Paz, Venezuelan actor Edgar Ramirez, US singer and actress Selena Gomez, French director Jacques Audiard, Spanish actress Karla Sofia Gascon and US actress Zoe Saldana pose with the Best Motion Picture – Musical or Comedy award for “Emilia Perez” in the press room during the 82nd annual Golden Globe Awards at the Beverly Hilton hotel in Beverly Hills, California, on January 5, 2025. 

Robyn Beck | Afp | Getty Images

The controversy ensnared “Emilia Pérez,” which has also now come under fire for its use of Respeecher. In recent months an interview resurfaced in which the film’s re-recording mixer Cyril Holtz says Gascón, a trans woman, could not reach certain singing registers, so he used Respeecher to clone Gascón’s voice and blend it with that of Camille, a French singer who co-wrote the film’s music.

“In the case of Karla Sofía, it was more complicated because there were really parts of the field that were extremely difficult, especially because she had already made her transition and there were registers that were no longer accessible to her,” Holtz said in French, according to a translation reviewed by CNBC.

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Representatives for “Emilia Pérez” distributor Netflix and “The Brutalist” distributor A24 didn’t immediately respond to requests for comment Thursday. Representatives for the Academy Awards declined to comment.

The movies’ defenders have cited previous films that used similar techniques, such as “Bohemian Rhapsody,” which blended lead Rami Malek’s voice with that of singer Marc Martel, and “The Irishman,” which used AI to de-age stars Robert De Niro, Joe Pesci and Al Pacino.

Malek won the award for best actor at the Oscars in 2019, and “Bohemian Rhapsody” won best film editing and best sound mixing that same year. “The Irishman” received 10 Academy Award nominations, including for best film editing and best supporting actor for Pesci and Pacino, in 2020.

Peter Csathy, chairman of media and tech consulting firm Creative Media, said while Hollywood has long used technology to cut costs and increase production efficiency, generative AI is unprecedented in its ability to continuously create as well as its foundation in existing content. That creates dual creative and legal risks, he said, as many AI platforms face lawsuits over copyright infringement.

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“I think the Oscars’ role is certainly to celebrate great art, first and foremost,” Csathy told CNBC. “But at the same time, it’s the Academy’s role to protect creators’ rights.”

“The Brutalist” and “Emilia Pérez” also aren’t the only Oscar nominees this year known to have used AI: “Maria,” a biographical drama starring Angelina Jolie as opera performer Maria Callas, used Respeecher to clone the real-life Callas’ voice. “Maria” was nominated for best cinematography.

Disclosure: Respeecher participated in an accelerator program run by Comcast, the parent company of CNBC.

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Quordle today – my hints and answers for Friday, January 24 (game #1096)

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Quordle today – my hints and answers for Tuesday, December 17 (game #1058)

Quordle was one of the original Wordle alternatives and is still going strong now more than 1,000 games later. It offers a genuine challenge, though, so read on if you need some Quordle hints today – or scroll down further for the answers.

Enjoy playing word games? You can also check out my NYT Connections today and NYT Strands today pages for hints and answers for those puzzles, while Marc’s Wordle today column covers the original viral word game.

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Chinese traders made millions from TRUMP, Coinbase in Philippines? Asia Express

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Top Chinese crypto traders earn millions on TRUMP, Coinbase may expand to Philippines, what on Earth is Bimcoin? Asia Express.

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Heat pumps in EVs are making a big difference in cold-weather driving

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Heat pumps in EVs are making a big difference in cold-weather driving

Many EV manufacturers have leaned heavily on energy-gulping resistive heaters to keep the cabin and battery warm in the winter time. But heat pumps, which can cut down on battery range losses in the cold, are becoming more prevalent in EVs, and they could help EV owners in the US who are dealing with the low temperatures across much of the country this week.

EV research site Recurrent reported that heat pumps can improve drivable range in below freezing temperatures by about 8 to 10 percent. The site tested this by comparing the ranges of 2020 Model 3 and Model S vehicles that lack heat pumps against 2021 versions that have them.

Recurrent’s data shows that the Tesla Model X and the Audi E-Tron only lose about 11 to 13 percent of their range at 32 degrees Fahrenheit compared to driving them in ideal temperatures hovering around 70 degrees, as The Washington Post notes, making them among the best heat pump-equipped EVs.. However, The Washington Post says that heat pumps aren’t as effective below 15 degrees.

A heat pump works by efficiently transferring heat generated by the car to the cabin and other components. Similarly, gas cars have long used a heater core to transfer wasted heat energy from its internal combustion engine into the cabin.

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Heat pumps have made their way into popular EVs like Teslas as early as 2021 and are coming to other top models like Ford’s Mustang Mach-E for the 2025 model year. They also are already in many EVs on the road today, including the Polestar 2, Honda Prologue, Chevy Equinox EV, Kia EV6, Rivians, and even some Nissan Leaf models as early as 2013. Recurrent has a complete list of EVs that have heat pumps.

Older EVs with smaller batteries that lack heat pumps demonstrate cold range loss more vividly. For instance, my sister, who is driving a 2017 Ford Focus Electric, is only getting about 80 miles of range in the freezing cold with its resistive heaters off and only about 50 with it on. That could be the difference between being able to do a full work commute roundtrip without stopping or needing to find a (hopefully working) DC fast charging station on the way back.

We’ve previously shared some tips on how to handle EVs in the winter that can help you through icy situations on the road. Some tips include preconditioning your vehicle while plugged in before leaving and brushing snow off more often since it won’t melt off the hood like a gas car.

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Coinbase Rolled Out the Newest State of Crypto Report

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Coinbase acquires BUX's Cyprus unit, secures key European license

Coinbase rolled out the newest State of Crypto report. The study was conducted by Ipsos. It observes how crypto and blockchain technology are viewed in Argentina, Kenya, the Philippines, and Switzerland and how it impacts the lives of people in these countries.

For most of the part, the study is based on surveys with 4,000 adults (not specifying the age rates) in Argentina, Kenya, the Philippines, and Switzerland conducted on behalf of Coinbase. The choice of countries aims to give an outlook of societies living in markedly different socioeconomic conditions in different parts of the world (none of these countries belong to the same continent, with the Philippines being an archipelago-based country).

The similarities between these countries are the mostly Christian populations and the government systems revolving around the republic model. Nevertheless, the countries have strikingly different areas, positions on the map, historical experiences, cultures, languages, climates, economic states, etc. 

Coinbase, however, outlines another similarity between Argentina, Kenya, the Philippines, and Switzerland: according to the exchange team, the residents of these countries feel that the local financial systems need to be improved. More than that, generally, the polled residents see cryptocurrencies and blockchain as tools that may enhance their lives in terms of financial wealth and overall give more freedom and independence. 

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The state of economy in these countries

The report starts with the statistics demonstrating that in each country, less than a half of all respondents believe that the current financial direction in their country will make them live better than the previous generation. However, even fewer people believe that they will live worse than their parents in Argentina and the Philippines. 

So it’s fair to say that in Kenya and Switzerland, people don’t approve of the current financial politics in contrast to the past years, while Argentina and the Philippines rather dislike both the current and the previous efforts, believing that nowadays things are a bit better than before. Respondents in all these countries agree that the local financial system should be changed or overhauled completely. They refer to the financial systems of their countries as “slow,” “expensive,” and “unstable.” They also cited a lack of innovation as one of the problems. 

Coinbase study finds the residents of the countries with bigger financial challenges view crypto more favorably - 1
Top countries to change financial system | Source: Coinbase.com

The study reveals four main concerns of the respondents named in the surveys: lack of fairness (discrimination), centralization, decreasing value of the national currency, and too much hard work to earn enough or save money.

The distribution of concerns varies from country to country, with Kenya and the Philippines being most critical towards centralization, discrimination, and wage slavery. Switzerland is least concerned about many of these issues while being cautious towards the government’s dependency on banks. Argentinians have the biggest trust issues with their financial institutions and a problem with saving money.

Crypto as a remedy

Most people polled by Ipsos for the study want to be in charge of their financial state and gain more freedom and control over their money. 7 in 10 respondents see cryptocurrency and blockchain as the way to achieve these goals. More than that, both crypto owners and those who don’t have crypto agree that digital currencies can help them gain more freedom and control over their wealth.

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Switzerlanders are markedly less interested in crypto than respondents from other countries. However, over 70% of crypto owners in Switzerland believe that crypto offers them more control and freedom. Less than half of the surveyed Switzerlanders with no crypto believe that they need it.

Coinbase study finds the residents of the countries with bigger financial challenges view crypto more favorably - 2
Source: Coinbase.com

Wider blockchain adoption is also viewed as a favorable factor that may improve the local financial systems and individual wealth. Most respondents believe that blockchain promotes innovation and facilitates control over individual finances. Respondents hope that blockchain will make the system faster and more accessible.

In all polls, Switzerland is presented with lower numbers. It reflects the lower expectations associated with Bitcoin and blockchain and the lower level of dissatisfaction with the financial status quo.

Looking into this study, you may notice a strong connection between the level of satisfaction with the country’s financial direction and the level of support for cryptocurrencies and blockchain. The residents of Switzerland and Argentina are less concerned with the current financial state of their countries, and they are less into crypto than Kenya and the Philippines. Probably, that’s one of the reasons why not only Kenya but Africa in general, where the population has little to no access to banking services but has smartphones, are usually seen as the driver of the mass adoption of cryptocurrency and blockchain-based solutions as the substitute of traditional banks. 

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Harry Jung Appointed to Guide CFTC’s Crypto and Digital Asset Strategy

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Harry Jung Appointed to Guide CFTC's Crypto and Digital Asset Strategy

In a leadership shakeup at the Commodity Futures Trading Commission (CFTC), Acting Chair Caroline Pham appointed Harry Jung as Acting Chief of Staff on Wednesday.

Jung, who previously served as Pham’s Counselor and Senior Policy Advisor, will lead the agency’s crypto and digital assets engagement and will build on his experience at Citigroup and prior regulatory roles.

CFTC’s Crypto Engagement

The appointment comes as part of broader leadership changes shortly after Pham’s interim appointment by President Donald Trump.

Pham has been involved in several digital asset initiatives at the CFTC, including the creation of a Digital Asset Markets subcommittee. In 2023, she proposed the establishment of a regulatory sandbox to develop a framework for emerging technologies and outlined plans for a digital asset pilot program.

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The Trump administration has not yet named a permanent replacement for Rostin Behnam, who will leave the CFTC on February 7th. Former CFTC Commissioner Brian Quintenz is reportedly a top contender for the position.

Throughout his four years at the CFTC, Behnam strongly advocated for the agency to lead the regulation of Bitcoin and other digital currencies. He emphasized the importance of robust oversight as the digital asset market grew rapidly. Under his leadership, the CFTC took major enforcement measures, such as reaching a $2.7 billion settlement with Binance.

In its final push, the agency subpoenaed crypto exchange, Coinbase for customer information tied to Polymarket, a prediction market platform accused of regulatory violations. This last-ditch effort just before the Trump takeover came amidst allegations of market manipulation and gambling law breaches at Polymarket.

SEC, FDIC Shuffle

Besides Pham for CFTC, Mark Uyeda was appointed as the acting chair of the US Securities and Exchange Commission (SEC) by President Donald Trump, replacing Gary Gensler. A vocal critic of Gensler’s crypto policies, Uyeda will serve in this role until the Senate confirms a permanent successor. The American attorney has a history of advocating for a more lenient regulatory approach to crypto, particularly against enforcement actions targeting non-fraudulent crypto firms. Paul Atkins, a pro-crypto figure, is Trump’s nominee for permanent SEC chair.

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At the Federal Deposit Insurance Corporation (FDIC), on the other hand, Travis Hill has been named temporary chair following Marty Gruenberg’s resignation. The FDIC has faced criticism, including allegations from Senator Cynthia Lummis, over its handling of digital asset records tied to “Operation Choke Point 2.0.”

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UK consumer confidence falls sharply in January

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Unlock the Editor’s Digest for free

UK consumer confidence fell sharply in January to the lowest level in more than a year as a spike in government borrowing costs and warnings of job cuts took a toll on economic sentiment.

The GfK consumer confidence index — a measure of how people view their personal finances and broader economic prospects — fell 5 points to minus 22, the lowest reading since the end of 2023, according to new data.

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Consumer confidence provides a forward-looking measure of household spending — gloomier sentiment means people are more likely to save than make significant purchases. Households built up substantial savings last year, limiting the recovery in spending, despite wage growth outpacing inflation throughout 2024.

The month-on-month drop in the GfK consumer confidence index was the largest since September 2024, when consumers were concerned about potential tax rises in October’s Budget.

Neil Bellamy, consumer insights director, at NIQ GfK, noted particularly steep falls in confidence about the wider UK economy. “These figures underline that consumers are losing confidence in the UK’s economic prospects,” he said.

Line chart of GfK consumer confidence index showing UK consumer confidence fell in January

The survey was conducted in the first half of January, when the UK’s 10-year borrowing cost rose to the highest level since the financial crisis, threatening the government’s ability to meet its fiscal rule and raising the risk of more tax rises.

Borrowing costs have since eased following a surprise drop in December UK inflation but remain higher than in the autumn.

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Business surveys in early January also highlighted reduced hiring forecasts, driven in part by the upcoming increase in employer national insurance contributions, set to take effect in April.

Confidence was lower than the minus 18 forecast by economists polled by Reuters but was in line with expectations by Ellie Henderson, economist at the investment bank Investec.

Henderson said news of rising borrowing costs and potential job losses “might well have taken a toll on perceptions and expectations for the economy and household finances”.

Consumers have become “increasingly worried about employment prospects”, said Tomasz Wieladek, chief European economist at investment company T Rowe Price.

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The GfK saving index, which is not included in the calculation of the overall confidence index, leapt 9 points to plus 30. Bellamy called this increase “unwelcome” as it signalled households were bracing for tough economic times by prioritising savings over spending.

The UK household saving ratio, the proportion of disposable income that is not spent, was 10.1 per cent in the three months to September, well above the 5.5 average of the 2016-2019 period, according to official statistics. Despite real wages rising for more than one and a half years, household consumption per capita remained 2.2 per cent below its Q4 2019 levels, before the pandemic.

But Henderson argued that when confidence recovers, double-digit saving rates and healthy wage growth could turn consumption around.

“If confidence was to pick up, consumers in aggregate have the means to unleash a higher level of consumption,” said Henderson. “That confidence recovers soon though is less certain” she added.

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Housing affordability has improved, according to separate data published on Friday by Nationwide. It showed that while remaining above long term average, the price-to-earnings ratio for first time buyers fell to 5 at the end of last year from a peak of 5.8 in 2022. Similarly, mortgage payments for first-time buyers fell to 36 per cent of their take home pay, from a peak of 38 per cent at the end of 2023.

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Even some of the best AI can’t beat this new benchmark

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Human hand and robotic hand reaching toward each other and touching fingertips a la Sistine Chapel

The nonprofit Center for AI Safety (CAIS) and Scale AI, a company that provides a number of data labeling and AI development services, have released a challenging new benchmark for frontier AI systems.

The benchmark, called Humanity’s Last Exam, includes thousands of crowdsourced questions touching on subjects like mathematics, humanities, and the natural sciences. To make the evaluation tougher, the questions are in multiple formats, including formats that incorporate diagrams and images.

In a preliminary study, not a single publicly available flagship AI system managed to score better than 10% on Humanity’s Last Exam.

CAIS and Scale AI say they plan open up the benchmark to the research community so that researchers can “dig deeper into the variations” and evaluate new AI models.

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Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target

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Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target

Este artículo también está disponible en español.

Chainlink (LINK) is navigating a turbulent market phase, recently experiencing an 11% decline after reaching a local high of $27 yesterday. This pullback reflects the heightened volatility sweeping through the cryptocurrency market, particularly affecting altcoins. Many altcoins, including Chainlink, are facing sharp declines and aggressive price swings as traders respond to uncertain conditions and Bitcoin’s consolidation near all-time highs.

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Despite the recent dip, optimism remains among analysts and investors. Top analyst Ali Martinez shared a technical analysis on X, highlighting a bullish perspective for Chainlink. According to Martinez, LINK is currently in the midst of a bullish breakout that, if sustained, could propel the price toward a $50 target. This long-term outlook offers hope for those concerned about the recent retracement, positioning Chainlink as a potential standout in the altcoin market.

As volatility continues to dominate, Chainlink’s ability to navigate these conditions and hold above key levels will be crucial for its bullish trajectory. With analysts pointing to the potential for significant upside, the market is closely watching LINK’s price action in anticipation of its next move. The coming days will reveal whether Chainlink can capitalize on its current setup and emerge as a leader in the altcoin space.

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Chainlink Prepares For A Breakout 

Chainlink (LINK) has emerged as a bullish standout amid a volatile crypto market, displaying resilience and strength even as altcoins face aggressive selling pressure and uncertainty. With its price maintaining a clear bullish structure, Chainlink appears poised for another upward move, signaling confidence among investors despite broader market turbulence.

Renowned crypto analyst Ali Martinez recently shared a technical analysis on X, highlighting Chainlink’s strong position. According to Martinez, LINK is currently in the midst of a bullish breakout, with a target set at $50. This optimistic projection is supported by the token’s ability to consolidate above critical demand levels, further reinforcing its bullish outlook.

Chianlink in the middle of a bullish breakout | Source: Ali Martinez on X
Chainlink in the middle of a bullish breakout | Source: Ali Martinez on X

Beyond the technicals, Chainlink’s strong fundamentals add to its appeal. As a pioneer in Oracle blockchain technology, Chainlink continues to cement its leadership in the Real-World Assets (RWA) sector. Its cutting-edge solutions, which enable seamless data integration between blockchains and traditional systems, have garnered widespread adoption and positioned Chainlink as an indispensable part of the decentralized finance ecosystem.

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As Chainlink consolidates its gains and prepares for the next leg higher, all eyes are on its ability to maintain its structure and capitalize on its bullish momentum. With both technical and fundamental indicators aligning, LINK is well-positioned to weather market volatility and lead the altcoin recovery. Investors are watching closely as Chainlink continues to set itself apart in the evolving crypto landscape, with its $50 target representing a potential milestone in its ongoing growth.

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LINK Holding Strong Above Key Level

Chainlink (LINK) is currently trading at $24.26, a pivotal level that has transitioned from a stubborn resistance to a strong support zone. This shift marks a significant milestone for LINK, as the $24 level had acted as a supply zone for weeks. Now holding firmly as support, it signals that bulls have regained control, setting the stage for a potential surge.

LINK testing crucial demand | Source: LINKUSDT Chart on TradingView
LINK testing crucial demand | Source: LINKUSDT Chart on TradingView

The price action suggests that LINK is building momentum to break above the $27 mark, a critical level that could trigger a more explosive rally. With the broader market facing uncertainty and heightened volatility, LINK’s ability to maintain key demand zones showcases its relative strength and investor confidence.

This bullish setup positions Chainlink as a standout performer among altcoins, as it continues to weather market turbulence. If bulls can maintain control and push above $27 with conviction, the next rally could propel LINK into higher targets, potentially sparking renewed interest and activity in the altcoin market.

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As traders closely monitor these developments, Chainlink’s resilience at the $24.26 level underscores its potential for significant upside. The coming days will be crucial in determining whether LINK can sustain its bullish structure and capitalize on this opportunity to lead the market higher.

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Featured image from Dall-E, chart from TradingView

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