Elon Musk has threatened to give JPMorgan 'a one-star review on Yelp' unless the bank withdraw a $162 million lawsuit against him, accusing him of violating their agreements with his erratic and provocative tweets.

Musk and JPMorgan CEO Jamie Dimon have been feuding for years but the fight recently became public after the bank filed a lawsuit against Tesla, claiming it owes  $162 million from a trade they helped arrange in 2014. 

Marks & Spencer has bought a 25 per cent stake in trendy womenswear brand Nobody’s Child as moves to revive its clothing arm gather pace.

Its investment in Nobody’s Child is the first time it has taken a stake in another clothing retailer and signals a deepening of its brand partnership strategy. 

It seems unlikely that Powell will seek to raise rates until he has been re-confirmed by the Senate. However, even though markets welcomed his re-nomination, they hate change, and it is unlikely that he will hold back once he is confirmed.

Frontier Developments tumbled after it warned sales of an anticipated video game have disappointed.

The AIM-listed company, which has become a stock market darling, said PC sales of Jurassic World Evolution 2 have been lower than expected since its release earlier this month.

Everyman Cinemas will smash profit forecasts after a series of blockbuster films sent ticket sales soaring.

More people have been visiting its cinemas than expected since the company’s last update in September.

With Europe once again becoming the epicentre of the pandemic, Austria entered its fourth national lockdown and said it would be compulsory to be vaccinated from 1 February.

A fourth wave of infections has also plunged Germany – Europe’s largest economy – into a national emergency and a full lockdown could follow. Analysts at ING said the UK appeared ‘slightly more resilient’ to the fresh wave of Covid cases at the moment – boosting the pound against the euro.

Biden had been tipped to appoint Lael Brainard, 59, who was born in Germany where her father was a diplomat and was favoured by many Democrats. 

Instead, she will become vice chairman having been at the Fed since 2014.

Biden praised Powell and Brainard for taking ‘decisive action to help steer us through the worst downturn in modern American history and put us on the path to recovery’.