Apple set to break $100bn quarterly sales record as tech boom continues January 27, 2021 Apple’s bullish run shows no signs of slowing down, with the tech giant expected to join an exclusive club of companies to have earned revenue of more than $100bn (£730m) in a single quarter. Analysts have predicted quarterly revenue of $102.6bn for the iPhone maker, which would mark year-on-year growth of 12 per cent — [...]
Fear, Anxiety, Doubt – FUD January 27, 2021 Crypto at a Glance Beware FUD! Last week’s barrage of mistruth reportedly claimed a major victim in software company NexTech AR Solutions, which sold off all 130 of its Bitcoins (worth roughly $4 million), citing reports of a possible “double spend” on the blockchain. The supposed double spend has now been shown to be nothing [...]
S&P 500 reaches record high while FTSE gains despite dire unemployment figures January 26, 2021 The S&P 500 reached record highs on Tuesday ahead of a packed day of earnings, while the FTSE 100 recovered some of Monday’s losses despite a dire set of unemployment figures. London’s blue-chip index opened flat before rising 0.4 per cent higher to reach 6,666 points by mid-afternoon, while the benchmark S&P inched 0.1 per [...]
The City View: Steve Hawkes and Susannah Streeter January 24, 2021 City A.M. Acting Editor Andy Silvester speaks to two media heavyweights to look at the week to come on both sides of the Atlantic. Susannah Streeter looks at big updates from Apple and Tesla, whilst Steve Hawkes – formerly Sun City Editor and once upon a time 25/1 shot to become the next Bank of [...]
Bitcoin holds $30,000 after worst drop since March January 22, 2021 Crypto at a Glance The price of Bitcoin fell 13% yesterday, erasing the majority of the gains made so far in 2021. It was the largest daily drop since the market crash of March 2020. Is this just a dip, or is it the start of a more prolonged correction? Encouragingly, Bitcoin is still holding [...]
Screenshot: Is it time for a music streaming reshuffle? January 22, 2021 This week **Media Moment of the Week: Elon Musk’s personal keyboard warrior **Music streaming royalties strike a bum note **The BBC screw turns again Media Moment of the Week Elon Musk is no stranger to social media spats. His indiscretions on Twitter have moved stock markets, led to a highly-publicised defamation suit and landed him [...]
Elon Musk to turn oil rigs into floating SpaceX launchpads January 21, 2021 It’s usual practice for astronauts to splashdown in the water on their return from space, but up until now they’ve at least been able to take off from solid ground. However, this could all be about to change, after it was reported that billionaire entrepreneur Elon Musk has bought two oil rigs to be converted [...]
Tesla is hiring someone to defend Elon Musk on social media January 20, 2021 Elon Musk’s indiscretions on social media have moved stock markets, led to a high-publicised defamation lawsuit and landed him a $20m fine. But it seems the blunt billionaire is now going on the defensive, hiring someone to fend off attacks by Twitter trolls. A job advert posted by Tesla, Musk’s booming electric car maker, said [...]
Volkswagen T-Roc R review: the hot hatch reaches a new height January 20, 2021 The Volkswagen T-Roc R combines the style of an SUV with the speed of a hot hatchback. Does that make it the perfect modern performance car?
How Games Workshop helped a middle-aged generation survive the pandemic January 18, 2021 Every quarter for the last five years, there’s been a condescending raise of eyebrows from the finance world when a publicly-listed company from Nottingham releases its results. The Games Workshop, most famous for its tabletop wargame Warhammer 40,000, grabbed headlines again last week when it reported its operating profits had jumped to £92m in the [...]