Tesco’s Hudl could end up relegated to the playroom September 23, 2013 Priced at just £119 (and available for less if you participate in a loyalty scheme) Tesco's Hudl is certainly one of the cheaper tablets on the market. Despite offering an impressive spec for that price tag, analysts fear that it could end up as a device for children. Tesco's plans for Hudl revolve around it [...]
Microsoft’s approach to tablets is insane: They’re just doing the same thing over and over again September 23, 2013 Some analysts are decidely less excited by Microsoft's new Surface 2 tablets than the company themselves. Benedict Evans of Enders Analysis thinks the tech giant is showing signs of insanity, "doing the same thing over and over again and expecting different results". Evans warns that if Microsoft have ordered another chunk of Surface tablets, they'll [...]
Microsoft says new tablet is faster than 95 per cent of laptops today September 23, 2013 Today's second tablet release (after Tesco's Hudl), tech giant Microsoft is now unveiling its Surface 2 and Surface Pro 2 devices. Microsoft vice president surface Panos Panay says they've "been working on the second-generation of products for about 18 months". Panay says that the Pro 2 is "literally faster than 95 percent of laptops today" [...]
Fed’s Lockhart says US is losing its economic mojo September 23, 2013 The Fed's Dennis Lockhart has said that he sees indicators of "some slowing" in US payroll growth and that there is now evidence to contend that America is losing its "economic mojo". Lockhart believes that monetary policy can help promote recovery. He said that he backed the Fed's asset purchase program, and that the Fed [...]
Fed’s Dudley suggests taper won’t come for a long time yet September 23, 2013 Fed dove William Dudley has said that unemployment probably won't reach the Fed's 6.5 per cent threshold for a "considerable time". Using the word taper twice in his speech, Dudley said that policy makers must continue to act "forcefully" against economic headwinds while the economy fails to shows signs of "any meaningful pickup" in momentum. [...]
ECB’s Draghi says monetary policy can not address structural problems September 23, 2013 The European Central Bank's (ECB) Mario Draghi has said that monetary policy has managed to help the European Union avoid a destructive scenario, but that it has limits. Draghi said that the Outright Monetary Transactions measure has acted as a full backstop, but that monetary policy can not address the transmission mechanism or structural problems. [...]
EU’s Rehn suggests UK should attempt to reform the EU rather than repatriate powers September 23, 2013 The European Union's Olli Rehn has said that he thinks there should be a "well informed and substantive debate" about whether the EU is good for the UK. Rehn said that he was aware that there is growing support for a referendum in the UK, and that he believes that it would be better for [...]
US manufacturing expansion slows in September September 23, 2013 Latest US manufacturing data shows the sector expanding slower than expected in September. A preliminary estimate from Markit shows the sector purchasing managers' index fall from 53.1 to 52.8 in September. Analysts had been forecasting a rise to 54. The employment sub index fell from 53.1 to 51.4, with new orders dropping from 55.7 to [...]
Chicago activity index stronger but revisions disappoint September 23, 2013 One of the better predictors of the US economy's fortunes has come in strong. The Chicago Fed national activity index is designed to gauge economic activity in the surrounding area. It rose from -0.43 (revised from -0.15) to 0.14 in August. So a nice number, much higher than expectations of a rise to 0.05, but [...]
Apple announces nine million iPhones sold in first week September 23, 2013 Apple has announced that it has sold nine million new iPhones since their Friday release (release). Apple also say that 200m users are now running the latest iteration of Apple's mobile operating system – iOS 7. “This is our best iPhone launch yet―more than nine million new iPhones sold―a new record for first weekend sales,” [...]