After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bank of England MPC members want more than just lower interest rates July 17, 2016 One of the Bank of England's interest rate setters has said the looming cut to interest rates might not be enough to support the UK economy. Gertjan Vlieghe, the newest member of the nine-strong monetary policy committee (MPC), wrote in the Financial Times today that the UK is heading for a period of "lower growth and higher [...]
Lessons from bankrupt footballers: They earn megabucks but are likely to squander it all. What can we learn from their mistakes? July 15, 2016 They earn megabucks but few actually make a decent plan for their post-working lives. While we’re not all multi-millionaires, everyone has something to learn from their mistakes, explains RBC’s Jonathan Gold. Modern football is synonymous with wealth, whether through its astronomical wages or lucrative sponsorship deals. But young players are often making a Faustian bargain [...]
Blockchain startup claims funding “milestone” and big name board members July 15, 2016 London-based blockchain startup Setl has named two new high-profile board members after closing its first private funding round. Rachel Lomax, the former deputy governor of the Bank of England, and Ed Richards, the former chief executive of broadcast regulator Ofcom, have joined ex-Barclays chairman Sir David Walker on the board. Setl also said it would be [...]
Bank of England chief economist Andy Haldane wants “muscular” easing to help economy post-Brexit vote July 15, 2016 The Bank of England's chief economist has said it must act "promptly as well as muscularly" to counteract the effects of Britain's vote to leave the European Union. In a speech delivered a week after the EU referendum, Andy Haldane said that Threadneedle Street should ease monetary policy to protect the economy and jobs. Read more: [...]
Let’s not be spoilsports and crush Pokemon Go July 15, 2016 It was a story that gripped the nation for weeks. Unexpected twists and turns meant no one was sure what would happen next. But yesterday, after what seemed like an inordinately long wait, Britons were rewarded for their patience. No, it was nothing to do with Theresa May: Pokemon Go finally launched in the UK. The game, [...]
Before the bell: What you need to know before the US market open July 14, 2016 The Bank of England has kept interest rates on hold, stunning the market and sending the pound sharply upwards. Here's what you need to know ahead of the US market open at 2:30pm London time. US futures are pointing higher, signalling what could be another day of broken all-time-highs for indices. The S&P is up [...]
How artificial intelligence, peer-to-peer technology and blockchain are changing the insurance industry forever July 14, 2016 Just as fintech is transforming the banking world, “insurtech” has set its sights on the insurance industry. There are firms like Trov, which provides insurance on-demand and enables consumers to catalogue insured belongings. Buzzmove uses home removals data to create a new distribution model for insurance – people are more likely to renew or buy [...]
Moneysupermarket.com expects 10 per cent growth in revenues for first half of 2016 July 14, 2016 Price comparison website Moneysupermarket.com said it expects to report solid results for the six months to 30 June, with revenues set to rise by 10 per cent. The online firm is expecting revenue to hit £157.6m for the first half, £142.1m of which will come from the main Moneysupermarket website. Consumer advice site Moneysavingexpert, which was bought [...]
City Moves for 14 July 2016 | Who’s switching jobs July 14, 2016 Funding Circle Lending platform Funding Circle has appointed Jeremy Bennett as its new global chief financial officer. Jeremy has more than three decades of experience within financial services, working for Credit Suisse, before becoming CEO of Nomura in Europe, Middle East and Africa and CEO of Nomura International. During the financial crisis, he acted [...]
Telematics will make you safer and save you money – by disrupting the disrupters July 14, 2016 Telematics – the technology for collecting and analysing driver behaviour – has been transforming the face of car insurance for a long time. Now it is set to play a key role in how people engage with market disrupters such as Uber and Zipcar. These new entrants give people a great deal of flexibility in how [...]