Apple’s own app can’t understand its stock split June 9, 2014 Apple has just finished its first stock split since 2005, and it's confusing more than just humans. The company's own stocks app has been baffled, and reports that Apple has a market capitalisation of nearly $3.9 trillion. The tech giant's value is actually closer to $560bn, around a seventh of what users of the iOS [...]
Murray breaks with norm and hires Mauresmo June 8, 2014 FORMER world No1 Amelie Mauresmo insists paving the way for more women to mentor males is not on her agenda, after agreeing to become the new coach of Britain’s Andy Murray. The 34-year-old, who won two grand slam titles and spent 39 weeks at the top of the world rankings, is set to coach Murray [...]
US stocks hit record as 217,000 new jobs send employment above pre-crisis peak June 6, 2014 US MARKETS opened at record highs yesterday as the country’s labour market added a seasonally adjusted 217,000 jobs in May – taking the total number jobs above its prerecession peak. According to the Bureau for Labour Statistics US employment now stands 98,000 above its January 2008 peak, setting a new all-time high, although the numbers [...]
US job additions take total above pre-recession peak June 6, 2014 The labour market appears to have defrosted. According to nonfarm payroll figures released today, the US added a seasonally adjusted 217,000 jobs in May. That's just 1,000 lower than the 218,000 additions that economists had forecast for this month. According to the Bureau for Labour Statistics that takes the total number jobs above their pre-recession [...]
Create your grand design inside an Edwardian factory June 5, 2014 PROPERTY brochures are often packed with glossy computer generated images depicting pavement café culture at its peak on a summery afternoon in June. But the promotional material for Loud and Western on the Broughton Road in Fulham is stark and bare. The first four houses went on the market yesterday in what’s known in the [...]
Asian markets slide before ECB meeting June 5, 2014 Asian markets have taken a turn for the worse in anticipation of the European Central Bank's (ECB) meeting later today. The ECB is expected to cut the primary refinancing rate to 0.1 per cent and commence a host of stimulus measures, according to survey of economists conducted by Reuters. More good news on the US [...]
What you need to know before the US open June 4, 2014 US stock futures inched lower this morning, with investors steering clear of large bets. They’ll no doubt need to chew over the latest jobs and trade numbers out today – both headline numbers disappointed. The latest survey from payroll processor ADP shows that 179,000 jobs were added in May – proof that the economy is [...]
What you need to know before the open June 4, 2014 European markets are expected lower this morning, as stock futures were seen falling. Nervousness is building ahead of the European Central Bank’s anticipated measures, which’ll be revealed tomorrow. Regulator Ofcom has announced further imposed cuts to the cost of mobile phone calls, with a new charge control that’ll see calls to different networks fall to [...]
Wall St The Week Ahead: Jobs data and ECB will sway bonds market June 2, 2014 THE rally in US Treasury bonds surprised many, taking 10-year yields to their lowest levels in 11 months. Jobs data and the European Central Bank meeting next week will determine whether bond prices have further to go. The bond market’s rally is the result of a confluence of factors – falling yields in Europe, extra [...]
What you need to know before the US open May 30, 2014 US stock futures moved lower today; the S&P 500 fell back from a winning streak, as investors turn attention to the imminent ECB policy meeting next week. Spending in the US fell for the first time in a year last month, increasing 0.9 per cent after March’s one per cent rise. There’s also the indication [...]