It’s been a bad year for newspapers. Money from print advertising is tanking. Layoffs have affected newsrooms large and small. And The President-elect isn’t shy about abusing journalists on Twitter. But today, just a few weeks before Christmas, the clouds parted a bit as New York Times CEO Mark Thompson spoke at the UBS Global Media & Communications Conference in Manhattan. He dispensed a couple of encouraging […]
HONG KONG Asian stocks opened higher on the back of a strong Wall Street with markets discounting the potential impact of Italy’s referendum vote, while U.S. Treasury yields firmed as robust economic data pointed to an interest rate hike next week. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent in early trade with Antiopodean markets leading gains. Korea .KS11 climbed 1 percent in […]
Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy. U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday’s employment report that showed strong job gains last month. U.S. stocks have climbed since the Nov. 8 […]
ABU DHABI // The memorial site dedicated to honouring UAE’s heroes will be open to the public for the first time on Tuesday. Visitors will now be able to explore Wahat Al Karama’s more than 46,000 square metres from 9am to 7pm every day – excluding national occasions, special events and visits from official delegations. Twice a day the memorial will feature guide-accompanied tours, one at 10am […]
20 years, to the day, after Greenspan’s iconic speech that warned of the unintended consequences of “irrational exuberance,” we find ourselves, yet again, in the midst of perhaps the largest asset bubble in history. In fact, Greenspan’s warning, previously made in a speech on Dec. 5, 1996, eerily reflects many of the same concerns surrounding the market today with low interest rates and lower risk premiums driving […]
Good morning. Here’s our daily summary of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Fake news is not the sole province of slimeball digital practitioners in faraway lands enabled by the righteous souls at Facebook and Google. There’s also — as has ever been so — the government. “Police investigating a notorious gang in […]
Monday 14.40 GMT Overview Italy’s stock market and much of the country’s banking sector is back under pressure, as investors refine their response to the No vote in the country’s referendum on constitutional reform that led to the resignation of Prime Minister Matteo Renzi. The yield on the country’s benchmark sovereign debt yield remains higher as investors continue to sell Italian government bonds. Italy’s 10-year government debt […]
newslide Want to make the most of your day at the new Bollywood Parks Dubai but not sure how? The new park, which is off Sheikh Zayed Road near Legoland Dubai has five zones packed with attractions – Bollywood Boulevard, Rustic Ravine, Royal Plaza, Mumbai Chowk and Bollywood Film Studios – plus restaurants and food carts. The choice can appear overwhelming. We have a handy guide to […]
By Nichola Saminather and Wayne Cole | SINGAPORE/SYDNEY SINGAPORE/SYDNEY The euro was under the gun on Monday, skidding to a 20-month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilise the country’s shaky banking system. The single currency, which slumped to as low as $1.0505 EUR= in early Asian trade after opening at around $1.0685, […]
On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]
NEW YORK The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. In remarks that appeared to pre-empt President-elect Donald Trump, who has promised to roll back Wall Street regulations, New York Fed President William Dudley said much progress has been made making the financial […]
Like Christmas ornaments on Main Streets across America, Wall Street banks’ forecasts for the year ahead keep coming out earlier every year. At least this year analysts have something substantive to sink their intellectual teeth into: the impact of incoming president Donald Trump. The results are fascinating — especially for bonds. The fixed income market has been one of the biggest victims in the “Trumpflation trade” that […]
For months we’ve been warning that real estate markets in NYC and San Francisco, among others, are getting ready to rollover as the market is about to be flooded with new supply of luxury apartments (see here and here). Real estate in both markets are just starting to show signs of cracking as the apartments sales cycle is getting stretched out and pricing growth has stalled. Now, […]
First, write out the numbers one to 100 in 10 rows. Cross out the one. Then circle the two, and cross out all of the multiples of two. Circle the three, and do likewise. Follow those instructions, and you’ve just completed the first three steps of an algorithm, and an incredibly ancient one. Twenty-three centuries ago, Eratosthenes was sat in the great library of Alexandria, using this […]
Starbucks Chief Executive Howard Schultz’s decision to step down is unlikely to hamper growth at the world’s biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. Starbucks Corp (SBUX.O) said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Johnson, a […]
Your daily guide to community and cultural activities across the Emirates for December 3, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Nationwide New movie See The Edge of Seventeen, a coming-of-age film about a young woman in today’s world. Nadine (Hailee Steinfeld), 17, is a bullied high-school student suffering from depression who finds life unbearable […]
Donald Trump has named Stephen Schwarzman, chief executive of Blackstone, as chairman of a new council of strategic advisers, capping a week that has seen Wall Street veterans installed at the heart of the incoming US administration. The president’s strategic and policy forum, which will meet for the first time in February, also includes JPMorgan Chase chief executive Jamie Dimon and Larry Fink, founder of BlackRock, among […]
By Emily Stephenson | NEW YORK NEW YORK U.S. President-elect Donald Trump was set to interview more candidates for top jobs in his administration on Friday and said he expected to have most members of his Cabinet announced next week. Trump, who takes office on Jan. 20, is still weighing who to choose as secretary of state. The Republican president-elect said on Thursday he had chosen retired […]
Good morning. Here’s our daily summary of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Since Jim VandeHei and John Harris proved most everybody to be idiots, VandeHei can only hope that reflexive suspicion of his new gambit again proves to be entrepreneurial bliss. The two journalists famously pitched the notion of an all-politics digital […]
Friday 06:00 GMT Overview Stock markets across Asia, oil and the dollar have all gone into reverse on Friday, while government bonds were mixed ahead of the release later today of closely-watched US jobs data. European bourses are expected to open lower with spreadbetters predicting the UK’s FTSE 100 will slip 40 points to 6,712 and Germany’s Dax to drop 55 points to 10,479. US index futures […]
Hello Bill, I’ve followed GATA and LeMetropoleCafe since 1999. Following the work of you, Chris and GATA contributors has been most interesting. I follow a lot of media, including many sites not under the control of the Russian government, such as the Wall Street Journal. For an American who is not an insider GATA is the single best source news and analysis of the economy and financial […]
By Emily Stephenson | INDIANAPOLIS INDIANAPOLIS President-elect Donald Trump warned on Thursday that U.S. companies would face “consequences” for outsourcing jobs abroad, as he touted his early success in persuading an air conditioner maker to keep about 1,000 jobs in the United States rather than move them to Mexico. “Companies are not going to leave the United States anymore without consequences. Not going to happen,” the Republican […]
Workday reported solid third quarter financial results Thursday after the bell. The Software-as-a-Service provider reported a net loss of $110 million, or 57 cents per share. Non-GAAP earnings were three cents per share on revenue of $409.6 million, up 34.2 percent annually. Wall Street was expecting a loss of four cents per share on a revenue of $400 million. “We had a strong third quarter and saw […]
After securing a deal to save 1,100 jobs at a Carrier plant in Indiana from being exported to Mexico, Trump is set to kick off his Midwest “Thank You Tour” with a speech there which is expected to get started around 2pm EST. As we pointed out earlier this morning, Trump’s deal reached with Carrier keeps 1,100 jobs in the U.S. in return for $700,000 in […]
