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January 30, 2015

Mitt Romney definitely will not run for president in 2016.

  Reports earlier this month, and even earlier this morning, said the former governor of Massachusetts would tell donors he was joining the race. But now it’s official—Mitt’s out. The field of Republican party hopefuls still includes New Jersey governor Chris Christie and former Florida governor Jeb Bush, though.
January 30, 2015

Shake Shack’s stock is surging.

  Shares of the hamburger chain—priced at $21 for today’s IPO—have more than doubled on their first day of trading. (Veteran restaurant investors shouldn’t be surprised.) Shake Shack has 63 locations and plans to add 10 a year for the foreseeable future. In that context, McDonald’s recent management shuffle makes all the more sense.  
January 30, 2015

Deflation is getting worse in the euro zone.

  Prices slipped 0.6% year over year in January, pushing the bloc further into deflation. The European Central Bank detailed an aggressive program of government bond-buying to fight this problem earlier this month; it plans on buying €60 billion euros ($69 billion) of assets per month through Sep. 2016 or until inflation returns closer to the bank’s 2% target.
January 30, 2015

Dozens have been killed in a mosque bombing in Pakistan.

  No one has claimed responsibility for the attack on the Shia mosque in the southern city of Shikarpur, but police suspect it could have been a suicide bomber from a Sunni militant group. The death toll has been steadily increasing, with 49 being the latest figure.
January 30, 2015

Russia’s central bank reversed course.

  It cut its benchmark interest rate to 15%, from 17%, partly reversing a big and unexpected hike intended to defend the ruble last month. Bank officials said that the cut is aimed at “averting the sizeable decline in economic activity.” GDP is expected to fall by more than 3% in the first half of this year.
January 30, 2015
Chart of the Moment

Chilled-out rich teens are a big part of the drop in the American labor force.

January 30, 2015

The origin of the universe remains elusive.

  Scientists in March of last year proclaimed that they discovered gravitational waves that were likely formed moments after the big bang. Those same scientists are now saying they made a mistake, and that what their instruments were detecting was in fact dust floating around our own galaxy.

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