Fraudsters are taking advantage of lonely singles on Valentine’s Day February 12, 2016 Haven't completely lost your faith in humanity yet? We suggest you sit down… Research by KPMG has found dastardly fraudsters are using dating sites to target lonely singles on Valentine's Day. In fact, according to its fraud barometer, people lost £3.2m to dating scams in 2015. One fraudster conned five women out of £180,000 – and used [...]
JP Morgan Chase share price rises after chief executive Jamie Dimon buys 500,000 shares worth $26.5m February 11, 2016 JP Morgan chief executive Jamie Dimon has bought 500,000 shares in the bank, worth roughly $26.5m, City A.M. understands. The bank's shares rose 1.4 per cent in after-hours trading, after the purchase was first reported. JP Morgan was one of many global lenders whose shares were clobbered during turbulent trading today. The bank's shares ended [...]
US stocks end lower as banks including Bank of America, Citigroup and Goldman Sachs are walloped February 11, 2016 Despite their best efforts, US stocks followed the rest of the world's stock markets lower. The Dow Jones finished the day 1.6 per cent lower, at 15,660 points, while the S&P 500 finished 1.23 per cent lower, at 1,829 points. And while the Nasdaq had a late rally, jumping into the green for a few [...]
Brent crude oil price bounces on Opec rumours February 11, 2016 Having hovered perilously close to $30 per barrel today, Brent crude bounced, after rumours emerged that the Organisation of Petroleum Exporting Countries (Opec) was preparing to "co-operate" on a production cut. Brent crude was up 1.3 per cent, at $31.23 per barrel, in late trading in New York, after the Wall Street Journal suggested that [...]
Letter from Alan Turing explaining the formula to win solitaire sells for $136,000 at auction February 11, 2016 The letter sold for $136,000 at auction (Source: RR Auction) A buyer has paid more than $136,000 (£94,000) for a letter sent by code breaker Alan Turing to his psychologist's daughter, which explains how to win at solitaire (not that solitaire – the board game, with marbles). The letter, sent by Turing to eight-year-old Maria Greenbaum in 1953, was described [...]
Disney, Expedia, Cisco and Tripadvisor: Four US stocks bucking the global selloff trend (for now) February 11, 2016 With global shares plummeting and a sheen of sweat starting to form on bankers' brows, you'd think the end was nigh. But it's not all doom and gloom. Check out these US stocks bucking the trend – and proving it isn't the end for the markets (yet). 1. Tripadvisor – up 12.2 per cent Why's it winning? It [...]
L’Oreal is worth it as it beats forecasts in 2015 February 11, 2016 Cheryl Cole knows she's worth it – and so does L'Oreal, it turns out, after the cosmetics giant posted strong growth in the year to the end of December. In a statement published today, the company, which makes everything from Elnett hairspray (Chezza's favourite) to Lancome face cream, said revenues rose to €6.5bn (£5.1bn) in the fourth quarter [...]
Gravitational waves: Here’s everything you should know about how Ligo scientists detected the merging of two black holes February 11, 2016 It's been called the "scientific highlight of the decade" and billed ushering in a "new era for astronomy": there's no doubt the discovery of gravitational waves – yes, waves of gravity – is one of the most important findings in recent history. But what does it actually mean? And can it make you sound cleverer at [...]
Another bloodbath on US markets as Dow Jones, S&P 500 and Nasdaq are all hit by banking losses February 11, 2016 US markets were down again in morning trading in New York, as global turmoil refused to let up. The S&P 500 was down one per cent in mid-morning trading, at 1,831.2 points, while the Dow Jones was down 1.3 per cent, at 15,712 points. The Nasdaq, meanwhile, erased some of its gains, starting the day [...]
Driverless cars could prevent 95 per cent of road accidents February 11, 2016 Making all cars driverless could prevent 95 per cent of car accidents and add £51bn a year to the UK economy, a new report has claimed. The report, by the Institution of Management Engineers (IME), said 95 per cent of crashes happen due to driver error. "The benefits of this sort of technology are huge," [...]
