Bash this: The UK’s highest-rated chief executive is a banker June 8, 2016 Is this the end of banker bashing? It turns out the UK's most beloved chief executive works in the finance sector – but his isn't one of the traditional lenders… A new ranking by job review site Glassdoor, which is compiled by looking at how employees rate their own bosses, put Craig Donaldson, the chief executive of [...]
Dow Jones rises above 18,000 for the first time since April as S&P 500 hits its highest level since July June 7, 2016 It looks like those shockingly bad jobs figures are a thing of the past, after the S&P hit its highest level in nearly a year, while the Dow Jones index briefly passed the 18,000 mark for the first time since April. The S&P jumped to 2,117 points in late-morning trading in New York. That was after [...]
The US’ most economically successful state has strict controls over alcohol consumption and gambling – and a history of polygamy June 7, 2016 The US's most economically successful state has some of the tightest alcohol and gambling laws in the US – and, er, a deep-rooted history of polygamy… Yep, new rankings published by WalletHub show Utah has the best economy of any of the US' 50 states. The state is best known for its ties with Mormonism, which is [...]
What slowdown? New Look is bucking the high street’s trend, as profits leap June 7, 2016 Here's one retailer making hay while the sun shines: New Look, beloved of budget fashionistas, has reported a jump in profits – despite slowing confidence on the high street. The figures In a statement this morning, the UK's second-largest women's clothing retailer said revenues rose 5.4 per cent to £1.49bn in the year to the end of March, while pre-tax profits [...]
World’s most powerful women: Angela Merkel comes top for the second year in a row June 6, 2016 German chancellor Angela Merkel has been named the most powerful woman in the world for the second time in a row – while the Queen has moved up the list. Forbes' 2016 ranking of the world's most powerful women put US presidential candidate Hillary Clinton second for the second consecutive year, while Federal Reserve chair [...]
Bookies are betting on 2016 being the hottest summer on record June 6, 2016 Sunglasses at the ready: the UK could be about to experience its hottest summer ever, bookies reckon. Ladbrokes oddsmakers put the chances of the UK setting a new temperature high before the end of this month at 1/4, The Sun reported. Meanwhile, it's 6/4 that this summer will be the hottest on record. The news [...]
Bitcoin just hit its highest against the dollar in nearly two years June 3, 2016 Whoosh. That's the sound of bitcoin whistling past, as it jumped to its highest level against the dollar in nearly two years. The cryptocurrency leaped to $556.19 in mid-afternoon trading, its highest since August 2014. That followed US data which showed job openings rose by just 38,000 in May, way below the 160,000 expected. Analysts dubbed the figures "crazy": [...]
Dollar plummets as US reports weakest jobs growth in six years, pushing back expectations of a US rate rise June 3, 2016 "Crazy". "Absolute shocker". "Unbelievable". It's safe to say US jobs growth just blew analysts' minds. Official data published today showed US employers added just 38,000 jobs last month – the lowest figure in six years, and way below the 160,000 expected. Meanwhile, earnings growth remained weak, rising just 0.2 per cent on last month, down from 0.4 [...]
Jobs are big business: Google just bet on Glassdoor again in $40m funding round June 3, 2016 Google has bet on jobs being big business again – after it invested more in US jobsite Glassdoor.com. The company said it had raised $40m from investors including T Rowe Price Associates, Battery Ventures, Sutter Hill, Tiger Global and Google. The site, which provides details to would-be job hunters including salaries, benefits and even interview questions, said it currently [...]
