UPDATE: Israel Accuses Hamas of Reneging on Ceasefire Deal, UK GDP Disappoints, and Biden Warns America Becoming an 'Oligarchy'

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Israeli Prime Minister Benjamin Netanyahu accused Hamas of reneging on parts of a ceasefire agreement that looked set to pause more than 15 months of fighting in Gaza, risking completion of the long-awaited deal. (2) Britain’s economy narrowly returned to growth in November but fell short of expectations as the UK struggles to shake off concerns that the country is in the grip of stagflation. (3) Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year. (4) President Joe Biden warned Americans of a “dangerous concentration of power” in the hands of a “very few ultra-wealthy people” and the impact he feared it would have on the country’s democracy as he delivered a farewell address Wednesday from the Oval Office. (5) The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end — but a lack of rain and another round of winds forecast next week already has officials worried. See omnystudio.com/listener for privacy information.