City A.M. TV: Daily Market Snapshot (video) February 23, 2021 Following false breakouts in markets last week, downside momentum continued to build yesterday.
Retail, wholesale and motor trade employment falls at sharpest rate in 35 years February 23, 2021 Employment levels across the retail, wholesale and motor trades fell at a record pace in the year to February as the coronavirus pandemic continued to wreak havoc on the economy. The latest research showed that job losses in the distributive sector spiked last month, with employment levels falling at the steepest rate since records began [...]
US tech sell-off continues as markets tumble for a second day February 23, 2021 Markets in the United States tumbled today, as a tech stocks in the US were hammered by a sell-off. The Dow Jones Industrial Average fell 0.06 per cent at the open, the S&P 500 fell 0.5 per cent and the Nasdaq Composite took the biggest hit, dropping two per cent. Large companies like Apple, Amazon [...]
What is the Global Travel Taskforce and what can we expect from its report? February 23, 2021 Possibly the most widely cheered of the announcements in yesterday’s roadmap out of lockdown was the suggestion that international travel could begin again on 17 May. Although Boris Johnson cautioned that this would be subject to a number of conditions, airlines, travel firms, and holidaymakers alike rejoiced at the prospect of a full summer holiday [...]
TfL to soon launch Hammersmith ferry service while famous bridge is closed February 23, 2021 A temporary ferry service will soon operate in west London to shuttle pedestrians and cyclists across the Thames alongside the closed Hammersmith Bridge. Transport for London (TfL) announced today that it had received bids from City Cruises and Uber Boats by Thames Clippers to run the shuttle service, after receiving government funding. The new ferry [...]
The Future of DeFi February 23, 2021 DeFi exploded onto the scene in 2020 as the value locked in decentralized platforms climbed into the billions. Yield farming, flash loans, and automated market makers (AMMs) were a few of the hottest topics over the last year. But what does the future of DeFi hold? And will the next round of innovations take advantage [...]
Crypto market pressure valve vents? Major correction for crypto, while flash crash on Kraken sees ETH fall to $700 February 23, 2021 Crypto at a Glance It may have been a weekend of landmark moments and celebration, but this week has unfortunately kicked off with Bitcoin setting the wrong kind of records. The leading cryptocurrency yesterday traded within a record-setting $10,877 range – plummeting from its all-time highs above $58,000 set over the weekend. This marks the first [...]
Expecting football to make Twitter and Facebook stop social media abuse is like asking your six-year-old to tackle Cristiano Ronaldo February 23, 2021 The English football community has finally had enough of the rampant racial abuse and bullying its players suffer on social media. Police are investigating and thePremeir League and other bodies have made an unprecedented direct plea to Mark Zuckerberg and Jack Dorsey. Of course, these issues on social media don’t just impact football players or [...]
Brits rush to book holidays in hopes of end to travel restrictions February 23, 2021 Brits rushed to book holidays overnight after Boris Johnson yesterday raised the prospect of international travel restarting in time for the long summer break. According to the government’s roadmap for ending lockdown, international travel could start on 17 May at the very earliest. The announcement triggered a surge in bookings, with budget carrier Easyjet reporting [...]
Mike Ashley’s Frasers Group to take £100m hit on lockdown restrictions February 23, 2021 Frasers Group, the retail empire owned by Sports Direct founder Mike Ashley, announced this morning that it expects to take a £100m hit due to lockdown restrictions. The retailer, which also owns House of Fraser and Jack Wills, said the length of the current lockdown, potential changes to consumer behaviour and the risk of future [...]
