Rising Risk (Part II): Tech bubble take two October 9, 2019 In this second instalment of a two-part article, Sebastien Canderle says many tech start-ups are deploying a bagful of tricks to massage their numbers I have already laid out my thoughts here on CFA Institute Talk on the topic of the innovative financial engineering for which many buyout experts have become associated – for example, [...]
Sam Torrance: Spanish Open win shows Jon Rahm’s potential – Major win and world No1 ranking await October 7, 2019 Jon Rahm is a proud Spaniard, so to defend his title at the Spanish Open over the weekend was a phenomenal achievement. Rahm didn’t put a foot wrong over the four days in Madrid. He looked like he thrived on the pressure, carding a five-under-par final round of 66 to finish on 22-under-par – five [...]
US economy adds 136,000 jobs in September as unemployment rate falls to 50-year low October 4, 2019 The US economy added more than 130,000 jobs in September, with unemployment falling to its lowest rate in half a century. After a week of warning signs about a global financial slowdown, the US reported today that roughly 136,000 jobs were made last month. Read more: Global stocks bleed red The unemployment rate, which has [...]
Can Gordon Ramsay hit gold again on the site of Maze with pan-Asian eating house Lucky Cat? October 4, 2019 Ten years and several lifetimes ago, Jason Atherton was heading up the kitchen at Gordon Ramsay’s Maze. Back then, Ramsay could do no wrong. He was decorated with more Michelin awards than he could comfortably carry up a flight of stairs, owned lauded restaurants from New York to Tokyo, and was the sweary star of [...]
Trump says he wants Ukraine and China to investigate the Bidens October 3, 2019 US president Donald Trump has said he wants Ukraine and China to investigate former vice president Joe Biden and his son. Speaking on a lawn outside the White House, Trump said he would “recommend” that Ukraine opens an investigation into the Bidens, and later added he thought China should do the same too. Read more: [...]
US non-manufacturing sectors undershoot expectations October 3, 2019 The US’s non-manufacturing sector severely undershot expectations last month, survey data showed today, continuing the trend of bad economic news from the world’s biggest economy. Read more: Global stock markets bleed red on US-EU trade war fears The Institute for Supply Management’s (ISM) non-manufacturing purchasing managers’ index (PMI) – a gauge of the health of [...]
UK construction activity suffers ‘devastating’ drop as Brexit kills demand October 2, 2019 UK construction activity fell at the second-fastest rate since the financial crisis in September, a closely-followed survey of the industry showed today. Read more: Job losses mount as Brexit fears hit UK manufacturing A historically steep drop in new orders led to firms trimming employment at their fastest pace since the end of 2010, according [...]
FTSE 100 sinks as Brexit ultimatum and manufacturing crisis pummel European stocks October 2, 2019 The FTSE 100 fell one per cent in early trading today as markets stumbled over Boris Johnson’s “take it or leave it” Brexit ultimatum and weak US economic data. London’s blue-chip index dropped to 7,287.8 points shortly after open today, following global stocks plunging into a sea of red overnight. Read more: Boris Johnson’s ‘clarity [...]
US factories suffer worst month since 2009 – and Trump blames the Fed October 1, 2019 The US manufacturing sector contracted at its fastest rate in a decade in September, according to a closely-watched survey, as trade wars and a global slowdown took their toll on factories. Read more: US manufacturing sector suffers worst month in seven years in April The September purchasing managers’ index (PMI) from the Institute for Supply [...]
Faultless and in total control, Danny Willett was back to his best in Wentworth duel with Jon Rahm September 23, 2019 It went right down to the wire, but Danny Willett got his reward for a week of near-faultless golf when he won a fantastic duel with Jon Rahm for the BMW PGA Championship on Sunday at Wentworth. I was very impressed by both men but especially Willett, who holed a 40ft putt to make a [...]