After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Return of the (Crypto) Gold Standard? September 4, 2018 Perhaps the biggest criticism, indeed difficulty, with cryptocurrencies and tokens is price volatility. So how about a return to the ‘Gold Standard’? Enter asset-backed and ‘StableCoins’. One of the great promises of blockchain technology is the mobilisation of whole swathes of assets, from property through jewellery, fine art and luxury goods to commodities such as [...]
City A.M.’s Crypto Insider met with Thomas Coughlin, CEO of Kinesis & ABX September 4, 2018 A new cryptocurrency has been developed, presenting a unique way to digitalise two of the most stable stores of value through the use of blockchain technology. What makes money successful and sustainable is for it to be used as an efficient medium of exchange from one party to the next. Kinesis has introduced yield-bearing digital [...]
August’s top and bottom performing funds September 4, 2018 | City Talk The Turkish lira succumbed to a savage slump in August following a doubling of US tariffs on Turkish steel and aluminium in retaliation for the imprisonment of a pastor on terrorism charges. Concerns about the Turkish economy had been mounting for some time given President Erdogan’s increasingly autocratic rule and the appointment of his son-in-law [...]
Connected cows and smart salmon: The internet of things is taking on farming September 4, 2018 The summer heatwave has dried up any complacency that food production in the supposedly green and fertile lands of England and Wales is a relatively straightforward business. The 55,000-strong National Farmers’ Union described the months of heat as a “wake-up call” for the agricultural industry, as an emergency summit was called to address the “crippling [...]
Corbyn won’t stop until the government controls everything September 4, 2018 Back in November 2013, the general secretary of the Unite union, Len McCluskey, outlined what he believed was so refreshing about then Labour leader Ed Miliband’s platform. “What is particularly important is the underlying rationale for what Ed has proposed,” McCluskey boomed. “There are some things too important to be left to the market.” “Too [...]
Hot weather and high fuel prices drive consumer spending up in August September 4, 2018 Consumers spent an extra 4.5 per cent year-on-year in August, driven by hot weather and high food and fuel prices. Spending on petrol climbed to 10.9 per cent, while there was a five per cent increase in supermarket spending. Brits also flocked to pubs to enjoy the last of summer, spending 11.9 per cent more [...]
Bank of England governor Mark Carney to face grilling on future after Downing Street intervention September 3, 2018 Mark Carney faces a grilling on his departure from the Bank of England tomorrow after 10 Downing Street today insisted he is still on track to leave Threadneedle Street in 2019. Carney is currently set to lead the Bank until the end of June 2019, three months after the UK leaves the EU, but 10 [...]
Downing Street says Mark Carney still set to leave the Bank of England in 2019 September 3, 2018 Mark Carney is still on track to leave the Bank of England in 2019 according to the Prime Minister's spokesperson, in spite of reports he may be considering an extension to his time as governor in Threadneedle Street. Carney is currently set to lead the Bank until the end of June 2019, three months after [...]
The chart that highlights the eerie calm of the longest US bull market September 3, 2018 | City Talk Last month, the US equity market set a new record for the longest bull market (period without a 20% drop) in history. There’s not much euphoria around, but in case anyone is tempted to get carried away, allow us to offer a sobering thought… Have investors forgotten what it feels like to lose money? Equity investing [...]
British manufacturing growth slower than expected as export sweet spot ends September 3, 2018 The British manufacturing export boom ended in August as the sector grew at the slowest pace in more than two years, according to a closely followed survey. The purchasing managers' index (PMI) for the manufacturing sector fell to a 25-month low of 52.8 for the month, the figures from IHS Markit showed, as export orders [...]