Ursula von der Leyen says EU is open to another Brexit delay July 16, 2019 Germany’s Ursula von der Leyen addressed the European Parliament today, saying she would be ready to grant a further Brexit delay beyond 31 October. Read more: Sterling sinks to two-year low as no-deal Brexit risk jumps Von der Leyen is set to become the new president of the European Commission, a role currently held by [...]
US retail sales beat expectations as economy blows hot and cold July 16, 2019 US retail sales beat economists’ expectations in June, official figures showed today, as the economy continues to send mixed signals to policymakers at the Federal Reserve. Read more: Dollar falls as US economy adds just 75,000 jobs in May and wage growth slows American shoppers bought 0.4 per cent more goods in June than they [...]
Advertising data platform Near raises $100m to fuel global expansion July 16, 2019 Advertising tech platform Near has secured $100m (£80m) in funding from a London-based private equity firm as it looks to expand its global presence. Read more: Competition watchdog launches probe into tech giants over digital advertising dominance The Singapore-headquartered ad firm said its new funding round, which comes from Greater Pacific Capital (GPC), will also [...]
Goldman Sachs beats Wall Street estimates despite profit drop July 16, 2019 Goldman Sachs outperformed expectations on Wall Street this afternoon as a double-digit surge in investment and lending boosted the banking giant, despite a fall in quarterly profits. Shares in the New York-based firm edged up 1.1 per cent pre-trading after it reported earnings per share of $5.81, falling from $5.98 a year earlier but beating [...]
Donald Trump hints at treason probe into Google after Peter Thiel complaint July 16, 2019 US President Donald Trump has hinted his administration might investigate Google for treason, after entrepreneur Peter Thiel called on the FBI and CIA to probe the company. Speaking on Twitter, the President said his administration will “take a look” at allegations Google has worked with the Chinese government. Read more: Donald Trump says his trade [...]
Google employee who led walkout leaves firm following retaliation claims July 16, 2019 Google employee Meredith Whittaker, who led global staff walkouts over the tech giant’s sexual harassment policy, has left the company following allegations of a backlash against the protest’s organisers. Read more: Google workers listen in on private conversations via smart speakers Whittaker, who specialised in AI and founded the company’s Open Research Group, was a [...]
Why the big supermarkets can’t deliver food in a sustainable, plastic-free way July 16, 2019 The big four grocers have protected their dominance well over the last 40 years, using their control of the supply chain and access to customers to create untouchable economies of scale. However, the digital revolution is changing the rules for the food and drink market. While the initial changes created by digital seemed to be [...]
JP Morgan trumps expectations with 16 per cent rise in profits July 16, 2019 JP Morgan Chase beat analyst estimates this afternoon after posting a double-digit rise in profit, bolstered by a tax windfall and higher net interest income. America’s largest bank reported a 16 per cent rise in profit to $9.65bn (£7.7bn) today, or $2.82 per share, trumping Refinitiv estimates of $2.50 per share. Read more: Citigroup starts [...]
German investors grow gloomier over Iran and trade tensions July 16, 2019 German investors became increasingly gloomy about the country’s economic prospects in July, a survey showed today, as they fretted over the raging US-China trade war and tensions in Iran. Read more: German malaise continues as factory orders tumble The ZEW think tank’s indicator of economic sentiment fell to minus 24.5 points in July compared to [...]
ii view: Citigroup beats forecasts July 16, 2019 | City Talk By Keith Bowman from interactive investor. Investors have been cautious regarding US banks. Has anything changed with these results? Second-quarter results to the end of June 2019 Revenue up 2 per cent to $18.8 billion Net income of $4.8 Billion, up 7 per cent Earnings per share up 20 per cent to $1.95 Operating expenses down 2 per [...]