This week is going to be a very interesting week with so many news coming out to the market that can greatly affect the month of August. Bulls are fighting really hard to stay ahead and bears could be potentially lurking around the corner. Will this week spark a catalyst to tilt one of them […]
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BBC News – Business- The billionaires fuelling a space raceJeff Bezos, Sir Richard Branson and Elon Musk are among a number of entrepreneurs with galactic ambitions.
- 'How could I find £3,000 to pay for my mum's funeral?'With the average cost of a funeral on the rise, a growing number of people are looking for cheaper alternatives.
- Online sellers 'pay for positive reviews'A Which? investigator was hired to write high-rated reviews online in return for free goods.
- Worries among tenants over deposit returnA survey says nearly a fifth of private tenants have waited more than three months to get a deposit back.
- Facebook hires former deputy PM Sir Nick CleggThe former Liberal Democrat leader will head Facebook's global affairs and communications team.
- How the petrol and diesel ban will workA ban on sales of new petrol and diesel cars should be brought forward by eight years to 2032, MPs say.
- Persimmon boss refuses to answer questions about £75m bonusThe boss of housebuilding firm Persimmon tells the BBC he'd "rather not talk about" his £75m bonus.
- Plastic recycling firms accused of abusing marketThe Environment Agency is probing claims exporters are abusing the recycled plastics market.
- Government borrowing in September lowest since 2007The drop may give Chancellor Philip Hammond room for manoeuvre in the upcoming Budget on 29 October.
- eBay revs up to take on Auto Trader in car adsThe online marketplace is acquiring Motors.co.uk, making it a "leading alternative" to Auto Trader.
- The billionaires fuelling a space race
- Reuters: Business News
- Exclusive: CrowdStrike hires Goldman Sachs to lead IPO - sources(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company's IPO)
- Google to charge Android partners up to $40 per device for apps: source(This Oct. 19 story has been refiled to fix wording in fourth paragraph)
- UBS warns staff over China travel after banker held in Beijing: sourceSwiss bank UBS Group AG. has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with local officials, a person familiar with the matter said.
- With market on edge, investors look to tech trioThe pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.
- Fed's Kaplan sees two-three more rate hikes to hit 'neutral' levelAnother two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in "neutral" territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Friday.
- Frustrated GM investors ask what more CEO Barra can doGeneral Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.
- Apple CEO urges Bloomberg to retract spy chip storyApple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple's internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents.
- S&P falls on interest rate, trade concerns; P&G lifts DowThe U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth.
- Euro, pound rally on Brexit concession; global stocks dipStocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand.
- Trump to meet heads of Boeing, Lockheed, Northrop at Arizona air baseU.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeting said on Friday.
- Exclusive: CrowdStrike hires Goldman Sachs to lead IPO - sources