Financial news

• Wall Street senses change as the bear reveals its Faangs | Nils Pratley

  20-11-2018 21:19
  Bumper summer for Facebook, Apple, Amazon, Netflix and Google ends with a spillAugust’s trillion-dollar headline was provided by Apple when it became the first company to achieve such a lofty stock market valuation. Amazon got there in September. October was a fallow month for trillion-dollar statistics but here comes November’s offering. The big five “Faang” companies – the other three initials provided by Facebook, Netflix and Google – have collectively shed
  
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• In Britain’s boardrooms, Brexit is already here. And the warning is stark | Aditya Chakrabortty

  20-11-2018 20:14
  For Westminster, leaving Europe is months away: for business, it’s the present. And our prospects are already dwindlingOn the one hand, you have the self-inflating chaos at Westminster, the fever dreams of Jacob Rees-Mogg’s gang and the rehearsed rage of the Democratic Unionists. And on the other, you have the truth nailed by Philip K Dick. “Reality,” he wrote, “is that which, when you stop believing it, doesn’t go away.” So let’s remind ourselves
  
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• Ghosn's arrest casts doubt on fate of three-car alliance

  20-11-2018 19:36
  The Nissan, Mitsubishi, Renault nexus formed the world’s second largest car groupThe arrest of Carlos Ghosn, the chairman of Nissan, has thrown a spotlight on the fate of the alliance between the three giant carmakers that he headed.Ghosn was the architect of a link-up between Renault, Nissan and Mitsubishi – the world’s second largest car manufacturing group. Nissan and Mitsubishi have already announced their intention to remove him as chairman of their firms, while the French
  
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• Bitcoin price: BTC sell-off triggers 30% plunge - Will bitcoin continue to FALL?

  20-11-2018 19:25 via feedproxy.google.com
  BITCOIN prices took a tumble today, falling 30 percent in one week and dropping below £3,902.57 for the first time in more than a year – but will the cryptocurrency keep on plummeting?
  
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• MPs blast banks for discriminating against tenants on benefits

  20-11-2018 19:03
  Government told to address ‘housing blacklist’ operated by mortgage lenders MPs have slammed banks for “discriminating” against tenants on housing benefit and suggested the government may need to ban them from operating “no DSS” policies.NatWest was criticised in October after it emerged that the bank prohibited many of its buy-to-let landlord borrowers from having tenants on housing benefit. The case, involving landlord Helena McAleer and her tenant, a vulner
  
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• US stock markets continue to fall, erasing 2018 gains

  20-11-2018 17:25
  Technology stocks slid again and fears of a trade war with China worried investorsUS stock markets continued to fall on Tuesday, wiping out all of 2018’s gains as a side in technology stocks grew into a wider selloff and fears of a trade war with China worried investors.The Dow Jones Industrial Average lost 555 points in New York, a slide of 2.2% and the Nasdaq, home to Amazon, Facebook and many other tech giants, was down another 1.7% following sharper falls on Monday. Continue reading...
  
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• 'Greenwash': oil giant under fire over plan to protect tropical forests

  20-11-2018 16:31
  Campaigners say move by Norway’s Equinor is an excuse to keep drilling for fossil fuelsOne of the world’s biggest oil companies is set to join the fight against deforestation in the tropics as part of its climate change efforts – but the the move has been branded a “greenwash” by campaigners.State-owned Norwegian firm Equinor has written to the UN’s climate chief to tell her it wants to invest in the protection of tropical forests.Continue reading...
  
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• Germany in CRISIS: Deutsche Bank shares hit RECORD low as DAX PLUMMETS

  20-11-2018 15:31 via feedproxy.google.com
  DEUTSCHE Bank shares hit record lows today after the German lender admitted to processing payments for scandal-hit Danske Bank in Estonia.
  
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• India central bank BOWS to pressure from Narendra Modi sending rupee rising

  20-11-2018 15:06 via feedproxy.google.com
  INDIA’s central bank has bowed to political pressure from Prime Minister Narendra Modi following heightened tensions between the financial institute and Indian government.
  
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• Mark Carney backs Theresa May's Brexit deal

  20-11-2018 14:56
  Bank of England governor says failure to reach a deal would cause a ‘large negative shock’Mark Carney has thrown his weight behind Theresa May’s Brexit deal, warning that a no-deal scenario would damage the economy, trigger job losses, lead to lower pay for workers and cause inflation to rise.The governor of the Bank of England said May’s draft EU withdrawal agreement would “support economic outcomes” that would be positive for the British economy, primarily b
  
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• Brexit news: Mark Carney BACKS Theresa May - but warns NO-DEAL is 'WORST outcome' for UK

  20-11-2018 14:48 via feedproxy.google.com
  BANK of England governor Mark Carney is backing Theresa May's EU withdrawal plans, providing a much-needed boost for the under fire Prime Minister and her vision for Brexit.
  
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• Bitcoin price latest: How low will bitcoin go? Why is bitcoin falling today?

  20-11-2018 14:47 via feedproxy.google.com
  BITCOIN’s price has plunged more than a quarter in less than a week, fuelling fears the cryptocurrency market is heading for collapse. But how low will bitcoin go and why did it fall today?
  
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• Italy threatens EU with RETALIATION in budget row by BLOCKING Brussels plans

  20-11-2018 14:17 via feedproxy.google.com
  ITALY’s deputy Prime Minister Matteo Salvini has threatened to engage in a game of political tit-for-tat with European Union chiefs by warning Rome could veto the bloc’s next seven-year budget.
  
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• Big pharma 'failing to develop urgent drugs for poorest countries'

  20-11-2018 14:00
  Two-thirds of treatments identified by WHO yet to be developed, says monitor groupThe world’s biggest pharmaceutical firms have failed to develop two-thirds of the 139 urgently needed treatments in developing countries, according to an independent report, which highlights the need for medicines including an infants’ vaccine for cholera.The report by the Access to Medicine Foundation, which monitors 20 major drugs companies and the availability of their medicines in low to middle inco
  
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• Most Black Friday 'deals' cheaper at other times, says Which?

  20-11-2018 12:46
  Consumer group warns shoppers to do research in order to bag the best bargains• When is a deal not a deal? The smart shoppers’ guide to Black FridayShoppers are being warned to do their research ahead of Black Friday after it emerged that nearly nine in 10 “deals” available last year had been even cheaper at other times.Consumer group Which? tracked the prices of 94 popular products, including TVs, cameras and fitness trackers, on offer over Black Friday 2017 from six mont
  
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• Bitcoin price PLUNGE: No sign of end to cryptocurrency FALLS as BTC goes below $4500

  20-11-2018 12:27 via feedproxy.google.com
  BITCOIN’s price has significantly dropped yet again following an incertain year for the cryptocurrency. Here is the latest price of the cryptocurrency.
  
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• Nissan, Renault and Mitsubishi shares FALL after Carlos Ghosn arrest in Japan

  20-11-2018 12:03 via feedproxy.google.com
  NISSAN shares nosedived in Tokyo after the arrest of the company’s chairman Carlos Ghosn over alleged financial misconduct.
  
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• Pound US dollar exchange rate: GBP under pressure despite Fed lowering economic outlook

  20-11-2018 12:01 via feedproxy.google.com
  THE pound has slipped slightly against the US dollar this morning and is currently trading at a rate of $1.283.
  
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• Can anyone retire in their 30s? Meet the people who say yes

  20-11-2018 11:00 via theguardian.com
  There is a huge online movement dedicated to working out how to quit your job ridiculously early. But are its fans merely cashing in on good luck and well-paid jobs?When did you start thinking seriously about preparing financially for your retirement? Not yet? Many people never do. One in three adults in the UK have no private pension, and will rely on the state pension in old age. Even those who do start saving usually only get round to it in their 40s and 50s, upping their pension contribution
  
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• Dow Jones PLUNGES by more than 500 POINTS as Facebook and Apple stocks TUMBLE

  20-11-2018 10:58 via feedproxy.google.com
  THE Dow Jones Industrial Average plunged by more than 500 points this afternoon as the world’s biggest technology giants including Facebook and Apple saw stocks tumble.
  
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• Dow Jones PLUNGES by almost 400 points as Facebook and Apple stocks TUMBLE

  20-11-2018 10:58 via feedproxy.google.com
  THE Dow Jones Industrial Average plunged by almost 400 points last night as the world’s biggest technology giants including Facebook and Apple saw stocks tumble.
  
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• Pound LIVE: GBP Sterling CLIMBS against euro as DUP fires Brexit WARNING SHOT to May

  20-11-2018 09:46 via feedproxy.google.com
  THE pound made small gains against the euro this morning as Brexit developments continue to be the main influencer on the currency.
  
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• Tesco home delivery overcharged me – how did it happen?

  20-11-2018 08:00
  When I looked at my invoice, I saw 12 items cost more than when I checked out onlineI don’t often use supermarket delivery services as I like to pick my own items, especially fruit and veg. Last week I did use Tesco’s online delivery service and was shocked to find that, on checking the “delivered items” invoice, it had overcharged on 12 items.After calling Tesco, a day later I received an email saying the overcharge would be refunded but I am very concerned that it can o
  
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• MPs call for tribunal to bring 'misbehaving banks' to justice

  20-11-2018 07:00
  Tribunal to ensure SME customers get a hearing in future disputes with banksA cross-bench group of MPs is gaining traction in its fight for a financial services tribunal that would bring misbehaving banks to justice, ahead of a key meeting with the chancellor this week.Tory MP and co-chair of the all party parliamentary group (APPG) on fair business banking, Kevin Hollinrake, is expected to meet Philip Hammond on Wednesday to exert more pressure on behalf of small business customers who say they
  
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• High score, low pay: why the gig economy loves gamification

  20-11-2018 07:00
  Using ratings, competitions and bonuses to incentivise workers isn’t new – but as I found when I became a Lyft driver, the gig economy is taking it to another level. By Sarah MasonIn May 2016, after months of failing to find a traditional job, I began driving for the ride-hailing company Lyft. I was enticed by an online advertisement that promised new drivers in the Los Angeles area a $500 “sign-up bonus” after completing their first 75 rides. The calculation was simple:
  
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• Bleak Christmas looms for non-food retailers

  20-11-2018 01:01
  Good news for food shops but other high-street outlets may suffer as consumers go online Online shopping and food retailers are forecast to be the winners this Christmas as consumers keep a tight rein on spending on clothing, homewares and other non-food items.Total retail spending is expected to rise 4% in December, compared with the same month in 2017, to reach nearly £48bn excluding VAT, according to data from the market research firm Mintel. Continue reading...
  
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