News 

Wage growth ticks up as Hammond reviews minimum wage

“Wage growth has gathered pace, driving up tax receipts and reducing pressure on stretched households, according to the latest independent figures” writes Tim Wallace for telegraph.co.uk. Pay will grow by 3pc a year thanks to the continuing strength of the jobs market, according to forecasts from the Office for Budget Responsibility (OBR).Opportunities for workers are expected to rise further, with 600,000 new jobs forecast by 2022-23, supporting more wage growth.However, political uncertainty as a result of Brexit may have made wages grow more slowly than might otherwise have been the…

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Markets News 

Citi is expecting trading to fall in the ‘high single-digits’ in the first quarter

“Underwriting revenues have been sluggish across Wall Street as well, but in investment banking Mason said he was expecting gains” writes Alex Morrell for businessinsider.com. Like most banks, Citi in January reported a hefty decline in fourth-quarter trading revenues, which fell 11% to $3.1 billion amid a December market rout. Investment banking revenues were down slightly in the quarter to $1.3 billion, as a 47% jump in advisory fees was offset by a chill in underwriting.At a conference Tuesday, Mason said he anticipated the bank’s fixed income and equities trading…

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News 

Singapore, Australia, China, Indonesia Ground Boeing’s 737 MAX 8

“Nearly 40 percent of the in-service fleet of 371 Boeing 737 MAX jets globally is grounded, according to industry publication Flightglobal” writes Min Read for reuters.com. ADDIS ABABA/SINGAPORE (Reuters) – Singapore, Australia, Malaysia and Oman became the latest nations to suspend Boeing 737 MAX aircraft on Tuesday, while identification of the Ethiopian crash’s 157 victims dragged and black boxes were yet to yield the cause.Boeing said it had been working with the FAA following the Lion Air crash to enhance flight control software that would be deployed across the 737…

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Paul Azinger says Tiger Woods’s neck injury is a ‘serious issue’ as fears grow over 14-time major winner’s future

“His neck issue, that’s a serious issue I feel,” Azinger said” writes James Corrigan for telegraph.co.uk. The former US Ryder Cup captain has warned he feels Woods’ neck injury is “a serious issue” and that the game would receive confirmation of the news it dreads if he does not compete in the PGA Tour’s flagship event. Source: telegraph.co.uk

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Crypto News 

Global Blockchain Spending Will Grow About 89% in 2019, New IDC Report Says

“Previously, IDC predicted that global blockchain spending would hit $9.7 in 2021 and $11.7 billion in 2022” writes Helen Partz for cointelegraph.com. Published on March 4, IDC’s Worldwide Semiannual Blockchain Spending Guide provides analysis of blockchain developments in various segments.Banking, securities, investment services and insurance services are forecasted to invest more than $1.1 billion out of the total global blockchain spending.Global blockchain spending will account for almost $2.9 billion in 2019, which is an 88.7 percent increase from 2018, according to a new report from United States-based market research firm…

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Markets News 

IDC: 5G phones will grow from 0.5% market share in 2019 to 26% in 2023

“Similarly, lowered prices or greater network availability could improve the uptake of 5G devices more quickly than the firm anticipates” writes Jeremy Horwitz for venturebeat.com. Though a handful of 5G phones were announced at last month’s Mobile World Congress in Barcelona, aggregate shipments of 6.7 million 5G devices are expected to represent only 0.5 percent of the total 1.395 billion phones that will be shipped in 2019 — around one-eighth as many 5G phones as 3G phones.But by 2023, the situation will be reversed: 5G phones will represent 26 percent…

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News 

Dialog Semiconductor forecasts revenue drop after Apple deal, but core business could grow

“Dialog expects the smaller business that will remain after the Apple deal to show strong growth in 2019, weighted toward the second half” reports venturebeat.com. Dialog expects first-quarter revenue of $270-$310 million, representing a more pronounced than usual seasonal slowdown, with gross margins broadly in line with the 2018 figure.Dialog expects its business with Apple to decline in the coming years as the smartphone maker puts its own main power management integrated circuits (PMICs) into future smartphone models.It had said after the Apple deal that it expected overall revenue to…

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News 

Massive, decades old, 700 pound gator found in irrigation ditch

“The gator, measuring over 13 feet in length and weighing over 700 pounds, was in poor health and had to be euthanized” writes David Matthews for sun-sentinel.com. According to Georgia DNR, the gator, which had old bullet wounds, could only have grown to its massive size by avoiding humans. “It’s a testament to Georgia’s alligator management program that alligators can grow to this size,” Georgia DNR biologist Melissa Cummings said. Source: sun-sentinel.com

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