New York Report: Wall St pauses as Fed-driven rally peters out September 19, 2013 US stocks retreated slightly yesterday as investors paused after the Federal Reserve’s decision to keep its stimulus intact sparked a rally that lifted the Dow and S&P 500 to record highs. Major US stock indexes oscillated between modest gains and losses on the heels of Wednesday’s rally, with the S&P showing a swing of less [...]
What the other papers say this morning – 18 September 2013 September 17, 2013 FINANCIAL TIMES Start-up loans unlikely to be repaid More than a third of the £150m in public funds being lent to individuals to start their own business – ranging from gluten-free pet food to a magazine about Croydon – could be lost, according to official projections. David Cameron last week increased funding for the Start-Up [...]
What the other papers say this morning – 17 September 2013 September 16, 2013 FINANCIAL TIMES Record Saudi oil output in supply gap The trigger for the jump in Gulf production has been huge disruption to supplies from Libya, where striking workers and militias have reduced exports from about 1m b/d to merely a trickle. Saudi Arabia has responded by pushing output to 10.2m barrels a day in August, [...]
A new breed of super-entrepreneurs could leave HS2 looking antiquated September 8, 2013 FOR A mode of transport that first arrived in the nineteenth century, railways have been remarkably resilient. All three major political parties currently support the creation of a new high speed rail network, High Speed 2 (HS2), a £43bn plan to connect London Euston, Birmingham, Leeds, Manchester, Sheffield, and the East Midlands in two phases. [...]
What the other papers say this morning – 22 August 2013 August 21, 2013 FINANCIAL TIMES Interns keep working at BofA Bank of America Merrill Lynch gave interns the option to end placements early after a 21-year-old undergraduate died. But they have decided to keep working. The decision by Moritz Erhardt’s peers to stay on highlights the determination of many young people to win a passport into that world. [...]
Musk unveils Hyperloop concept August 12, 2013 AMERICAN entrepreneur Elon Musk last night set out details of what he believes will be the future of transport – an air-propelled pod sent through a low-friction tube suspended on pylons over California, going by the name of Hyperloop. Musk, the founder of Paypal and Tesla Motors, published an open source design of the concept, [...]
New York Report: BlackBerry and Apple keep US stocks sweet August 12, 2013 THE DOW and the S&P 500 indexes dipped slightly yesterday, extending losses from Wall Street’s worst week since June last week, but Apple and BlackBerry kept the Nasdaq index afloat. Trading volume was light, marking one of the five days this year with fewer than 5bn shares traded over a full session. Many traders are [...]
Tech guru Elon Musk gears up to unveil the fifth form of transport August 11, 2013 THE MAN behind Paypal and Tesla Motors is today due to publish designs for the world’s fastest rail service, named Hyperloop. Elon Musk has until now kept enthusiasts guessing about the details of his “fifth form of transport,” which could one day offer supersonic inter-city travel. The billionaire entrepreneur said in May that the idea [...]
New York Report: Microsoft’s rise helps lead US shares higher August 8, 2013 US stocks advanced yesterday, snapping a three-day losing skid as a rally in Microsoft helped lift the technology sector. The three major US stock indexes all managed to shake off early losses as Microsoft shares climbed. The stock closed up 2.6 per cent at $32.89 in heavy volume. The S&P information technology sector index rose [...]
Tesla share price up over 420 per cent in one year August 8, 2013 Shares in Californian motor company Tesla rose over 14 per cent this afternoon to over 153 cents (around 99p) after the company reported forecast-beating second quarter results. This latest increase means share prices in the company are up over 420 per cent in just one year. Tesla said its second quarter revenue was $405m, with [...]