Financial Times has an interesting story entitled “The impact of ‘buy to leave’ on prime London’s housing market.” Fears are growing about the number of homes being bought by investors and left empty — but what can be done to stop it? The...Show More Summary
Last month a report from the Financial Times revealed that Apple Music had 10 million subscribers. This is quite an accomplishment given that the platform is less than a year old, and it looks like the numbers are coming along rather nicely. Show More Summary
At the beginning of this year, Apple Music had surpassed 10 million subscribers, according to a report from the Financial Times. Now, Apple SVP Eddy Cue has confirmed this figure. In fact, he gave a more precise number – the company has just passed over 11 million subscribers, he says. This tidbit and more were revealed on John Gruber’s “The Talk Show” podcast where… Read More
Going "off the deep end on macroeconomic policy": On Economic Stupidity, by Paul Krugman, Commentary, NY Times:... If you’ve been following the financial news, you know that there’s a lot of market turmoil out there. It’s nothing like 2008,...
Governments need financial ‘insulation’ when times are tough, says Future Fund chair Peter Costello.
Earlier in the week, Financial Times reported that Google was working on a new virtual reality (VR) headset that would be comparable to Samsung’s Gear VR. In other words, it would be an upgraded unit over their current Cardboard apparatus that is used for low-end levels of VR fun. Show More Summary
In our current time of intermittent financial panics, the banking sector stands out in its unpopularity: major bank stocks are trading well below the book value of those banks. What has everyone so terrified? Read more...
Billionaire activist investor Bill Ackman, the CEO of $13 billion Pershing Square Capital, has just published an op-ed in the Financial Times throwing his support behind former New York City Mayor Michael Bloomberg for president. Back...Show More Summary
On October 16, 2015, I warned that the banking industry was entering a strong cyclical AND structural downturn. See the full explanation below... This is a chart showing the how well that warning has panned out thus far... Now, of course,...Show More Summary
The stock market is down over 10% this year and investors are freaked out. The team over at Bespoke Investment Group highlighted the percent of investors surveyed by the American Association of Individual Investors who described themselves...Show More Summary
Tesla Motors financial results for 2015 looked poor on the surface, but the company’s upbeat outlook for 2016 convinced some investors that good times are still on the agenda. In 2015’s fourth quarter, Palo Alto, California-based electric car maker Tesla’s net loss almost tripled to $320.4 million. The operating loss was [...]
Last month, folks around Mike Bloomberg let it be known in the New York Times that the former mayor of New York was thinking of an independent run for president. On Tuesday, the Big Apple multibillionaire told the Financial Times that, yep, he’s looking at it. “I find the level of discourse and discussion distressingly […]
It's not often you find yourself admiring a super inconvenient banking feature, but this time is a worthwhile exception. BMO Financial, also known as Bank of Montreal, sparked some digital buzz this week by installing a 10-foot-tall ATM in its flagship location, First Canadian Place in Toronto. Show More Summary
It was only a matter of time before Greece’s financial problems resurfaced.
For the first time since 2007, the spread between 2Y and 10Y US treasury yields has to 100bps. While not inverted, which the status quo maintains means there cannot be a recession, the bond market is flashing ominous signs for both the economy and the US financial system... Show More Summary
Bloomberg (!): I’s not clear whether the climate of anger would be favorable to a third-party bid being considered by former New York Mayor Michael Bloomberg, who told the Financial Times on the eve of the New Hampshire vote that … Continue reading ?
Ukrainian Defense Minister Stepan Poltorak said that Ukraine has close cooperation with states, including member states of the NATO alliance and the financial countries of these state could be tripled.
The British government is misinforming the public on new spying laws that could soon be embedded deep into the nation's law book, The Financial Times reports. Contrary to what Home Secretary Theresa May says, sources told the FT that...Show More Summary
ZURICH (Reuters) - Credit Suisse Chief Executive Tidjane Thiam told the Financial Times the Swiss bank's capital position has never been better. "What I can say is that we have a strong balance sheet," Thiam said in an interview published on the FT's website on Wednesday following several days of sharp drops in its share price. Show More Summary
Deutsche Bank could take advantage of the crisis of confidence in its debt and buy back some of it on the cheap, according to the Financial Times. The German bank was said to be considering the move as a market rout took hold of bank...Show More Summary