Tottenham and Uber stadium naming rights deal fails to get off the rank October 26, 2016 Tottenham are not currently in talks with Uber over a deal that would see the taxi app take naming rights to the club's new stadium. The Premier League club are currently holding talks with potential sponsors of the 61,000 capacity stadium but Spurs sources told City A.M. that, contrary to reports, there are no active negotiations [...]
What will it take for the online lending industry to hit profitability? October 26, 2016 Online lending has been having its Uber moment. “Platforms spend as much as they physically can to dominate, with VCs behind them pushing for that growth. But now, a lot of VCs have left. Platforms will have to go out for funding again, and we’ll see massive down rounds,” says one platform founder, speaking on [...]
Amazon Echo review: Or how I started talking to a little black cylinder every day October 25, 2016 How often do you trust Siri to do much besides setting a timer when you’re cooking pasta, or telling you whether or not it’s going to rain? Since they crept into our pockets, virtual assistants haven’t progressed much past the point of pseudo-capable helpers, who are unreliable in most roles beyond fancy egg-timers and meteorologists [...]
General Motors latest earnings show net income doubling October 25, 2016 General Motors, owner of Vauxhall and Chevrolet, has announced better than expected results in its third-quarter earnings today. It announced a net income of $500m (£412m) for the first three quarters of this year, including for the past quarter at $147m. Its costs and expenses were up, but so was its revenue. Excluding a $110m gain from litigation, earnings of $1.72 [...]
Stop flapping: The government’s direction of travel on Brexit couldn’t be any clearer October 24, 2016 Uncertainty in the face of great change is no fault. On the other hand, it is a fallacy – in business, in politics, in life generally – to think that, just because one doesn’t know something, it isn’t knowable. As copious comments given to City A.M. in recent days have made clear, some say that [...]
Before the bell: What you need to know before the US market open October 20, 2016 Markets are further backing a Clinton victory in the US presidential election next month after last night's final debate, while the European Central Bank is expected to keep policy on hold when it meets this afternoon. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing higher [...]
McKinsey proves that the gig-economy is a matter of choice October 20, 2016 A few days ago, McKinsey published a landmark report. You probably missed it. Most people did. It was called ‘Independent work: Choice, necessity, and the gig economy’. But it may well go down in history because it’s the first time anyone has really studied 21st Century freelance workers in what we’ve come to call the ‘gig-economy’, and [...]
Watch: Tesla’s self-driving cars revealed in video shared by Elon Musk October 20, 2016 All Tesla cars will have the capacity to drive themselves, company boss Elon Musk has revealed in a highly anticipated announcement which the entrepreneur had teased in tweets. All models, including the Model 3 and and Model X, will now be fitted with hardware that will make it possible to drive without human control. However, that [...]
560,000 reasons why BuzzFeed won in 2015 October 19, 2016 The UK arm of US media company BuzzFeed quadrupled its profits last year, making around £560,000, alongside some huge investments. Accounts filed at Companies House show BuzzFeed grew its profits from £140,772 in 2014 to £558,408 last year. The filings don’t show revenue as firms bringing in less than £6.5m are not required to disclose [...]
Google Pixel review: Quite comfortably the greatest Android phone ever made October 19, 2016 Every Android phone has come with some compromise built in. Whereas the iPhone owes much of its popularity to Apple’s ability to control every last design detail – creating software and hardware that works in perfect harmony – Google has always had to rely on third-party manufacturers to build its phones. Imperfection’s gnarled fingers tended [...]