UPDATE: Hot UK Wage Growth, Arm's Blistering Rally & Gaza Pause Hopes

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) UK wage growth slowed less than expected in the fourth quarter, underscoring the Bank of England's caution against moving too quickly to cut interest rates. (2) Arm Holdings Plc soared again on Monday, extending a three-day rally that has driven its value up almost 100%, after a blockbuster earnings report last week showed artificial intelligence spending is bolstering sales. (3) US President Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying that could lay the groundwork for broader peace. (4) Elon Musk told US Republican senators "there is no way in hell" that Russian President Vladimir Putin could lose the war on Ukraine, weighing in on a conflict that has been affected by Musk's own Starlink satellite services. (5) Bond traders have come more in line with the Federal Reserve's trajectory for the upcoming easing cycle. Strategists at Citigroup Inc. say what's missing now is traders hedging the risk of a very brief easing cycle followed by rate increases shortly thereafter. See omnystudio.com/listener for privacy information.