Wall Street may be calming down after its month long rally February 1, 2018 | City Talk Wall Street’s bull run had been due a reality check for weeks. Yet when it eventually came, the only surprise was its speed and scale. The trigger was that time-honoured red flag – an analyst note which prompted US traders to question their recent run of frothy exuberance. On Monday morning, Goldman Sachs warned that [...]
Los Angeles claims top spot in Schroders Global Cities 30 index for the second time February 1, 2018 | City Talk Los Angeles has been named as the top global city for the second time in the Schroders Global Cities 30 index. California’s largest city narrowly beat Asia’s Hong Kong, which took second place. London slipped from second to third place. The Schroders Global Cities 30 index is based on a range of factors. The measures [...]
Elon Musk’s Boring Company flamethrower has sold out after $10m of sales in less than a week February 1, 2018 Not content with running several successful companies, entrepreneur Elon Musk has made a niche sideline in novelty products, the latest of which is an Instragram-worthy flamethrower costing $500 (£351). But anyone hoping to get their hands on one has missed their window of opportunity – the entire 20,000 have already sold out. And it’s netted [...]
Bitcoin price (BTC): $44bn wiped from its value in January 2018 February 1, 2018 The price of bitcoin has fallen to its lowest yet this year as its losses for January totted up to $44bn. The cryptocurrency fell below $10,000 overnight bookending a month where its value fell by 30 per cent, Bloomberg cakculates. Bitcoin had been closing in on $20,000 before Christmas but has since fallen with a [...]
Dragons’ Den star’s bust corporate finance firm owed almost £2m to employees and advisers, administrators’ report reveals February 1, 2018 The corporate finance firm of former Dragons' Den star Julie Meyer, which was put into administration at the end of last year, owes almost £2m to unpaid employees and advisers, City A.M. can reveal. Ariadne Capital, which was founded and owned by TV personality Julie Meyer, owes £530,692 to 14 current and former employees, according [...]
Nex Group share price surges as it looks towards pick-up in volatility as revenues rise and US tax cut adds boost February 1, 2018 Financial trading infrastructure firm Nex Group today said a pick-up in foreign exchange trading in January and a boost from US tax cuts may boost future earnings. Group revenue rose by three per cent on a constant currency basis in the three months to the end of December compared with the same period last year, [...]
Delta Air Lines brings real-time luggage tracking to its London Heathrow transatlantic flights February 1, 2018 Worried about the prospect of never seeing your luggage again once it’s been loaded onto a flight? Well, fear not, for Delta is now rolling out real-time bag tracking for its London transatlantic flights. Customers will be able to keep track of their checked bags on its flights between London Heathrow and the US via [...]
Digital Innovators: Q&A with Julian Ranger, executive chairman and founder of digi.me February 1, 2018 digi.me enables the Internet of Me by putting individuals at the centre of their digital life, owning and controlling their own data. Last year digi.me was identified as one of 50 of the freshest and most inspiring digital companies using technology and innovation to shake up their sectors in our Digital Innovators Power List. Following [...]
Brexit talks: Theresa May says EU citizens will be treated differently during UK transition period February 1, 2018 Theresa May has rebuffed the idea that EU citizens will have the same rights if they arrive in the UK after March 2019. The UK and the EU are starting negotiations on the so-called transition period, an adjustment phase after Brexit, which is designed to allow businesses and citizens time to adjust to new rules [...]
The reality of trade will intrude on EU politics February 1, 2018 Reporting on complex and highly political negotiations in real-time presents a number of challenges to pundits, observers and reporters alike. When each side is engaged in strategic briefing and leaking, to whom do you give more weight? Which side do you believe? If, as has happened this week, unnamed officials in the European Commission let [...]