Banks, retailers and tech giants dominate big blue-chip results week April 21, 2024 A slew of blue-chip results on both sides of the Atlantic will dominate the corporate news agenda this week, alongside key US economic data set to bolster the case for higher-for-longer interest rates.
FTSE 100 today: London shares to open lower amid fading US rate cut hopes, Middle East tensions April 16, 2024 Asian stocks faltered after Wall Street's tech slump, while oil prices surged due to Middle East tensions. China's Q1 GDP soared at 5.3 per cent, yet March's new home prices plummeted. Additionally, the yen hit its lowest level since 1990. Eyes are now on the UK employment data and Fed Chair Powell's speech.
Musk to cut 14,000 jobs at Tesla, saying ‘it must be done’ April 15, 2024 Tesla boss Elon Musk said: “There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry."
Revolut and Monzo say scrap stamp duty as top fintechs launch bid to boost stock market April 15, 2024 Revolut and Monzo are among a group of top fintech firms to urge the government to ditch its contentious tax on share trading today as part of a sweeping call for reform to revive London's stock market and boost its appeal to technology firms.
Government must listen to UK’s fintech stars and scrap the share tax April 15, 2024 The government must listen to the likes of Monzo, Revolut and Oaknorth and scrap stamp duty.
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? April 9, 2024 Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
FTSE 100 today: London markets brace for quiet session ahead of US inflation data, Q1 earnings April 9, 2024 US stocks closed mixed, while Asian markets climbed. Oil prices rose, and most Asian currencies weakened against the dollar. Precious metals surged. Investors are now focusing on upcoming US inflation data and Federal Reserve minutes following a strong March jobs report.
Are Tesla and Apple losing the big tech war? Here’s how Microsoft, Meta, Amazon, Nvidia and Alphabet compare April 6, 2024 Tesla has tanked over 30 per cent while Apple is down roughly nine per cent since year to date, compared to the S&P 500 which has risen.
The week that was: EVs out of juice, star investors struggle and rate expectations April 6, 2024 Rate expectations, EV sales stalling and one investor losing out on his fairy-tale ending: we review another busy week in business.
Fundsmith Equity tops most-bought list despite ‘doghouse’ performance April 3, 2024 Run by fund manager Terry Smith, Fundsmith Equity reclaimed the top spot on the most-bought list, moving up one place from second.