After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Toyota overtakes Volkswagen to become world’s top carmaker January 28, 2021 Toyota has today overtaken Volkswagen to reclaim its crown as the world’s biggest car producer, the first time it has held the spot since 2015. The Japanese carmaker saw 9.5m cars roll off its assembly lines last year, despite an 11 per cent drop in production due to the pandemic. Volkwagen, on the other hand, [...]
Rishi Sunak tells MPs he wants to raise taxes then cut them before next election January 28, 2021 Rishi Sunak has told a group of Conservative MPs that raising taxes this year will give him scope to cut them in the lead up to the 2024 election. The chancellor told the 1922 Committee of Tory backbenchers yesterday that he will have to make difficult choices this year to trim the UK’s bulging Budget [...]
Crypto AM shines its Spotlight on BitcoinPoint.com January 28, 2021 With the largest ATM network in the UK, innovative ‘on-ramp’ solutions to instantly buy and ‘off-ramp’ to sell Bitcoin, BitcoinPoint.com brings cryptos closer to Mass Adoption, with the vision of bringing financial inclusion to the unbanked and the non-tech-savvy. 16,000 ATMs Bitcoin sales from cash withdrawals have reached an unprecedented scale in the UK, as [...]
Reddit day traders out for blood as they tell GameStop short-sellers: ‘We want to see the loss porn’ January 27, 2021 The ongoing battle between Reddit day traders and corporate short-sellers over GameStop stock has heated up, with the Redditors vowing: “We want to see loss porn”. Shares of US videogame retailer GameStop jumped 146 per cent today, driving the price of the stock to a whopping $365 by midday. Today’s surge leaves GameStop stock up [...]
Regulators remind auditors to pay attention to Covid measures on corporate reporting January 27, 2021 The FCA and the FRC have issued a joint statement to remind auditors of the coronavirus-led rule changes around corporate reporting for listed companies. Now is the busiest time for auditors, when, under normal circumstances, many listed companies would publish their end of year results. But 2021 is proving especially challenging for auditors, with England’s [...]
JP Morgan to launch UK digital bank within months January 27, 2021 JP Morgan will launch a digital consumer bank in the UK within months, the Wall Street giant confirmed today. The new challenger bank will operate under the Chase brand and offer a range of products, including current accounts. JP Morgan said its new business, which is based in Canary Wharf, had already hired 400 people [...]
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 — [...]
Are any stock markets cheap going into 2021? January 27, 2021 Where is the value in stock markets today? This is a difficult question to wrestle with. At face value, the bad news is that everywhere looks to be at nosebleed-red levels of expensiveness. Of the 25 measures in our regular stock market valuation grid below (five markets and five measures for each), 16 are more [...]
City of London chief: Brexit impact ‘not at all catastrophic’ as Square Mile will thrive without EU access January 27, 2021 Brexit’s impact on London’s loss of financial business has not been catastrophic, the chief of the City of London Corporation said this morning. Catherine McGuinness, political leader of the Square Mile’s ruling body, insisted the City will thrive even if the European Union “irrationally” blocks access. London has endured business and job losses since the [...]
Exclusive: Sadiq Khan to bang the drum for City of London at World Economic Forum January 27, 2021 Exclusive: Sadiq Khan to bang drum for EU-City deal at World Economic Forum