Before the bell: What you need to know before the US market open August 9, 2016 US stocks are nearing record highs and China's inflation grew at its slowest rate in seven months. Here's what you need to know ahead of the US market open at 2:30pm London time. US stock markets are nearing all time highs (the S&P 500 hit an all-time high of 2,185.54 points yesterday, although it pulled [...]
11 business podcasts you need to listen to on your summer holiday August 9, 2016 Podcasts are becoming an increasingly popular medium – partly thanks to the success off the likes of Serial, but also because they're one of the easiest ways to take in information. Looking for something to listen to on the beach? Look no further… 1. TedTalks Business A classic but a goodie, Ted has built up [...]
City A.M. Unregulated podcast: Property entrepreneur Rob Moore on the joys of being disruptive August 8, 2016 Uber's Travis Kalanick has done it. Amazon's Jeff Bezos did it two decades ago. Tesla's Elon Musk does it on a regular basis. This week property entrepreneur Rob Moore, host of the Disruptive Entrepreneur podcast, takes on the topic of disruption. He tells us the story of his failure and subsequent success – and why despite everything, [...]
Tesla’s autopilot drove a man having heart pains to hospital August 7, 2016 Could self-driving cars saves lives? One man thinks they may have done already – and that's because it happened to him. A man who suffered severe heart pains at the wheel of his car was lucky enough to be driving a Tesla that could drive him to hospital thanks to a feature known as autopilot. In fact, it [...]
Before the bell: What you need to know before the US market open August 4, 2016 The Bank of England has cut interest rates and markets are loving it. Here's what you need to know before the US market open at 2:30pm London time. US stock futures are pointing up ahead of the open. The S&P is up by 0.15 per cent, the Nasdaq is up by 0.05 per cent, while [...]
Tesla Motors loss widens despite putting pedal to the floor to ramp up production August 3, 2016 Elon Musk’s electric car giant Tesla Motors reported lower-than-expected second quarter results, driven by a dip in the number of cars delivered as it ramped up production. The figures Tesla’s total revenue rose 33 per cent year-on-year to $1.27bn (£959m) in the quarter ended 30 June. The company delivered 14,402 vehicles in the second quarter, [...]
Meet the most influential British innovator in the world August 2, 2016 Demis Hassabis, the man who founded the multi-million pound artificial intelligence company acquired by Google, has been named the most influential British innovator in the world. DeepMind hit headlines in 2014 when it was bought by Google for £400m and this year did it again when its machine learning technology beat the world-leading player of the [...]
The billion-dollar Tesla SolarCity merger is (El)on August 1, 2016 Green energy firm SolarCity has accepted a $2.6bn all-stock takeover deal from Elon Musk's Tesla. Both companies' stocks dipped on the news, with SolarCity's closing down 7.4 per cent to $24.72, while Tesla's share closed down two per cent at $230.01. SolarCity's stock also took a five per cent dive this morning after it snuck out a downgrade in its full-year [...]
Branding and buyouts: Brand Union’s Toby Southgate on corporate takeovers, Tesco’s farms and Tesla’s higher purpose August 1, 2016 Perceptions of brands change over time,” says Toby Southgate, worldwide chief executive of Brand Union. “And building them takes a long time. It’s not about the final push over the line.” A consultative arm of WPP, Brand Union specialises in brand strategy, and has shaped the identity of some of the world’s biggest names, including Vodafone, Absolut [...]
Ford share price swerves after it misses profit expectations and warns over full year earnings and the impact of Brexit July 28, 2016 Ford shares have dipped ahead of the open after the US car manufacturer reported its second quarter profit missed expectations. The poor performance was blamed on stalling markets in the US and China. Ford posted profit of $1.97bn, or $0.49 per diluted share, versus $2.16bn or $0.54 per share a year ago. Its earnings – excluding one-off items – came in [...]