financializer news A weblog highlighting financial topics making news in the international media.

analysis extras: The money will allow Deliveroo to hire more engineers at its London headquarters and continue to expand globally, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. Deliveroo secured 575m 450m in funding from several investors including Amazon. You can form your own view. Subscribe now Deliveroo also plans to invest in more of its own purpose-built kitchens, which are hired out to takeaway restaurant brands. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

chinese equities: That is when China's equity markets were thrown into turmoil by the devaluation of the yuan, according to Market Watch. Investors weren't just exiting Chinese equities, however, with total emerging market outflows totaling 13 billion. The past two weeks have seen net outflows for the asset class of 5.32 billion, with exits over the past week at 2.76 billion the largest weekly outflow since July 2015 see chart below the institute said Friday. Institute of International Finance Caption outside of wrapper for normal article images China's CSI 300 index 000300, -2.54% fell 2.2% this week and is off 6.8% so far this month, but has rallied more than 21% in the year to date. The S&P is up 14.6% year to date. The S&P 500 SPX, -0.58% bounced back from a Monday selloff that followed China's retaliation over the U.S. decision last week to raise tariffs on 200 billion of Chinese imports to 25% from 10%, leaving the large-cap benchmark off 0.3% for the week and around 2.4% for the month. (news.financializer.com). As reported in the news.

apple: Technologyread more Toyota says Trump's latest tariff threat shows Japanese... The company's comments Friday come after the White House said U.S. Trade Representative Robert Lighthizer will address the threatened impairment of national security from... Autosread more Apple CEO Tim Cook to the class of 2019 'My generation has... Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday, according to Xinhua China. In his speech, the tech executive focused on the importance of addressing climate change and... Power Playersread more Netflix should take a cue from 'Game of Thrones' and ditch... Some analysts see streaming services like Netflix becoming hindered by one of the things that made them so popular in the first place binge more Amazon is spending billions on internet satellites, self-driving... Amazon's large and flashy investments stand out from those of its tech peers over the past year. Market Insiderread more Uber, Lyft, and Pinterest prove private investors are sucking up... Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money. Technologyread more Why top cybersecurity hackers are paid millions to use their... There is a shortfall of cybersecurity workers that could reach as high as 3.5 million unfilled roles by 2021. Trading Nationread moreA tight labor market is holding small businesses back from...CNBC and Survey Monkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a...US Economyread more These stocks have 'compelling' stories.CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward. A start-up called Synack provides crowdsourced security, and...CNBC Disruptor 50read more Market will rally to all-time highs with help from... Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China. (news.financializer.com). As reported in the news.

chinese imports: Chinese state media indicated little appetite in Beijing to resume negotiations following Trump administration's move to raise tariffs on Chinese imports, suggesting that the economic standoff between the two largest economies in the world may be a painful and a protracted one, according to Market Watch. How did the major benchmarks fare The Dow Jones Industrial Average DJIA, -0.38% slid 98.68 points, or 0.4%, to 25,764 and the S&P 500 index SPX, -0.58% lost 16.79 points, or 0.6%, to 2,859.53. U.S. stocks bounced back from deep losses Friday but still closed lower as trade-related jitters overshadowed strong economic data. The Nasdaq Composite Index COMP, -1.04% declined 81.76 points, or 1%, to 7,816.28. The S&P 500 fell 0.8% on the week while the Nasdaq dropped 1.3%. What drove the market Consumer sentiment rose to a 15-year high of 102.4 in May, well above the 97.1 expected by economists polled by Market Watch and April's reading of 97.2, according to the University of Michigan's consumer sentiment index. The Dow shed 0.7% for the week, bringing its weekly losing streak to four, the longest since May 2016. (news.financializer.com). As reported in the news.

investment firm: As of April, the software giant ticker MSFT was the only company to hold a 4% weighting in the broad market index, the independent investment firm The Leuthold Group said in a note on Friday, according to The Independent. That means changes in Microsoft's stock price push the index higher, or lower, than similar moves by any other company. Photograph by Zach Gibson/Bloomberg Text size Microsoft's return to its spot as the most valuable company in the S&P 500 it is currently worth 988 billion has coincided with another statistical achievement. Microsoft isn't the first to be in the so-called 4% Club. Microsoft and Apple have reached the magic threshold, slipped off the mark, and regained it the only companies to do so. According to Leuthold, a handful of companies have been members at one time or another since 1990 Apple AAPL Cisco Systems CSCO Exxon Mobil XOM and General Electric GE . It isn't easy to stay on the roster. (news.financializer.com). As reported in the news.

monday night: But, unlike a university education, football doesn't have to break the bank, according to The Independent. To attend a Premier League match at, say, Manchester City costs upwards of 35- 60 per ticket with a student discount, though cup games are subsidised for students to sometimes as low as 15. However, the primary thing both of these goals have in common is that they both cost a lot - and again I really do mean a lot - of money. But young fans can reduce the cost even further and afford to go to more games --by watching a lower league team for a fraction of the price. A student - or anyone with only pennies to spare - doesn't have to stop watching a match on a Saturday or every other Saturday, or sometimes a Monday night in Blackburn if you're feeling adventurous. On the Loan - named such because we are students who spend most of our maintenance grant on football matches - chronicles our successful attempts at watching football on a budget. (news.financializer.com). As reported in the news.

novel murder: The train also entered popular culture, playing a central role in celebrated books and movies, not least Agatha Christie's 1930s novel Murder on the Orient Express, which has inspired several films, according to The Japan Times. The brand name was acquired by the French rail operator SNCF, which has now, at huge expense, restored original Orient Express cars and is mulling re-launching the service. And who knows, maybe a mysterious murder along the way deep in the night . . . ; The last true Orient Express traveled from Paris to Istanbul in 1977, drawing the curtain on almost a century of taking travelers on the fabled route from Western Europe to the shores of the Bosphorus in Turkey. SNCF is this week exhibiting seven original cars at Gare de l'Est station in Paris, which have been returned to their original splendor after seven years of restoration. The cars display the height of luxury, with plush armchairs for seats, immaculately varnished wooden tables and art deco fittings. Three are dining cars that were used on the actual Orient Express in its heyday; the four others were used on routes run by the company in the south of France and other European routes. (news.financializer.com). As reported in the news.

phone unit: Ltd.'s Ola of India, the sources said. ; Toyota said last month it will jointly invest 1 billion in Uber's new subsidiary to develop autonomous vehicles, together with Soft Bank Group Corp. and auto parts supplier Denso Corp, according to The Japan Times. Soft Bank Group is the biggest shareholder in Uber and has also invested in Grab and Ola. The automaker is planning to supply a new driverless system to be developed with U.S. ride-hailing giant Uber Technologies Inc. to companies such as Grab Taxi Holdings Pte Ltd. of Singapore and ANI Technologies Pvt. Toyota is also a stakeholder in Grab, which has a wide range of businesses across Southeast Asia. Toyota and Soft Bank Corp., the mobile phone unit of Soft Bank Group, announced last year they will jointly develop services using self-driving vehicles and other advanced automotive technologies. The latest move signals Toyota's desire to stretch the scope of its business and take the initiative in offering advanced mobility services, including developing self-driving technologies that could eventually lead to driverless taxis. (news.financializer.com). As reported in the news.

business council: Business Council of Australia chief executive Jennifer Westacott believes Mr Hawke united Australians around common purpose - building a stronger, fairer and more prosperous nation, according to Nine News Australia. He helped create a more competitive Australian economy but also a more confident and outgoing Australian community, Ms Westacott said in a statement on Friday. To improve your experience update it here News National Business holds up Hawke as political icon By AAP11 52am May 17, not just trade unions and the labour movement that fondly remember the life of the late Bob Hawke - business too have held up the former Labor prime minister as an icon of Australian politics. Australian political life is poorer today without Bob Hawke, but Australians are richer for his bold economic and social reforms. Australian Industry Group chief executive Innes Willox said Mr Hawke built strong relationships, which allowed for Accords between business, unions and government, averting or shortening many an industrial dispute, and led to consensus around the opening up of the Australian economy. Among a long list of achievements, Mr Hawke, with his treasurer Paul Keating, floated the Australian dollar, opened up the banking industry to foreign players and cut tariffs, while setting up Medicare and introducing superannuation. (news.financializer.com). As reported in the news.

business partner: Cash-strapped Takuro Yanagida, 23, was visiting Melbourne in October 2018 with his boss Gohsuke Kotani, who ran a sports marketing business, according to Nine News Australia. But as Mr Kotani, his wife and business partner slept at their hotel, Yanagida used a key to unlock his employer's suitcase before taking nearly half of the 300,000 cash stashed inside. To improve your experience update it here News National Worker blows sleeping boss's cash at Crown By AAP3 13pm May 17, to a hotel room with his boss sleeping and a briefcase full of cash was too tempting for a Japanese man who has been jailed for pinching 140,000 and blowing it at Crown Casino. County Court Judge Robert Dyer described the theft as a naive, amateurish and unsophisticated act. He went to Crown Casino and exchanged the money for chips, proceeding to lose the entire sum over a four-hour period in what Judge Dyer described as a panic-driven, opportunistic crime . Yanagida initially denied what he'd done, but made full admissions after Crown Casino was called and identified him as the person who exchanged the money for chips. Yanagida had developed a precarious financial position and become involved in gambling in the months leading up to the crime. (news.financializer.com). As reported in the news.

business: The AP news staff was not involved in its creation, according to MSNBC. Click to Wire Business Wire Consumer Consumer affairs Paid content from Business Wire Press release content from Business Wire. The AP news staff was not involved in its to Release Special Reporting Revealing New Insights about Age-Related Financial Press Marketplace to Release Special Reporting Revealing New Insights about Age-Related Financial Vulnerability.c014 height 0; display flex; padding 0; position relative; overflow hidden; box-sizing content-box; justify-content center; .c015 position absolute; .c0110 margin 1.125rem 0 -1.5rem 0; display inline-flex; padding 0; flex-flow wrap; .c0111 margin-bottom 1.5rem; .c0111 not last-child margin-right 1.5rem; .c0112 width 1.5625rem; height 1.5625rem; display block; .c016 margin 1.5rem 0 -0.5rem 0; display flex; flex-flow wrap; .c017 display block; margin-bottom 0.5rem; .c017 not last-child margin-right 0.5rem; .c018 width 8.125rem; height 2.75rem; .c019 width 9.375rem; height 2.75rem; .c011 top 1rem; right width auto; border 0; cursor pointer; display inline-block; outline none; padding 0 1rem; position absolute; font-size 1rem; background 104ba5; text-align left; font-family 'GoodOT', Arial, sans-serif; font-weight 300; line-height 2rem; .c011, .c011 link, .c011 visited, .c011 hover, .c011 active color white; text-decoration none; media only screen and max-width 48rem .c011 top 0; .c012 display none; --colour white; margin-left 6px; .c012 .sk-fading-circle width 1rem; height 1rem; .c012.searching display inline-block; .c013 width 0.78125rem; height 0.78125rem; display inline; margin-left 0.625rem; .c013.searching display none; AP NEWSTop RADIOUpdate hourly Search Click to release content from Business Wire. The AP news staff was not involved in its creation. The series, titled Brains and Losses, is reported by Marketplace Morning Report host and senior editor David Brancaccio and examines how aging affects susceptibility to financial fraud. Marketplace to Release Special Reporting Revealing New Insights about Age-Related Financial Vulnerability May 17, 2019LOS ANGELES-- BUSINESS WIRE --May 17, 2019--Today, American Public Media's Marketplace announced a series of special coverage about age-related financial vulnerability. (news.financializer.com). As reported in the news.

computers: The Goz Nym network, allegedly led by a hacker from Tbilisi in Georgia, used phishing emails to infect more than 41,000 computers, according to Nine News Australia. The malware enabled criminals to take remote control of infected computers and siphon funds from victims' bank accounts in the US, prosecutors said. To improve your experience update it here News World Police smash Eastern European cybercrime network that stole 145 million By 9News Staff Associated Press12 25pm May 17, in six countries have smashed a complex cybercrime network from Eastern Europe that used malware to steal 145 million from victims. The Goz Nym network used phishing emails to infect more than 41,000 computers. Ten people, including five Russian fugitives, have been charged in connection with malicious software attacks. AAP Victims included a Washington law firm, a church in Texas, a furniture business in California, a casino in Mississippi and a Pennsylvania asphalt and paving business. (news.financializer.com). As reported in the news.

legislature: It includes only an exception for cases where a woman's health is at serious risk, according to MSNBC. The Republican-controlled legislature that passed the bill rejected a proposal to add exceptions for cases of incest and rape. The controversial law, set to go into effect in January 2020, bans nearly all abortion in the state. Alabama Governor Kay Ivey said in a statement shortly after signing the bill that it stands as a powerful testament to Alabamians' deeply held belief that every life is precious and that every life is a sacred gift from God. But local leaders say that a boycott will only further victimize Alabamians and instead encourage activists to join them in fighting against the policy. That is not the view of many abortion rights activists and government officials who are now calling for economic retaliation in response to the law's passage. (news.financializer.com). As reported in the news.

q inflow: Domestic financial institutions reported outbound investment of 1.442 billion dollars and inflow of 1.32 billion dollars in Q1, according to Global Times China. Inflow of direct investment from foreign investors reached 3.302 billion US dollars during the period, while outflow stood at 2.54 billion dollars, according to the State Administration of Foreign Exchange. (news.financializer.com). As reported in the news.

soybean market: However, closing prices of the oil seed are lower than their daily highs, as investors are taking short positions and heading toward exit doors, according to Global Times China. Photo Xinhua Photo Xinhua Chicago Board of Trade CBOT soybean futures edged higher on Wednesday, as short-covering continued to support the soybean market. Chicago Board of Trade CBOT soybean futures edged higher on Wednesday, as short-covering continued to support the soybean market. However, closing prices of the oil seed are lower than their daily highs, as investors are taking short positions and heading toward exit doors. July corn delivery was up 0.75 cent, or 0.2 percent to close at 3.695 dollars per bushel. The most active soybean contract for July delivery added 4 cents, or 0.48 percent to close at 8.355 dollars per bushel. (news.financializer.com). As reported in the news.

retirement: Instead, I base this declaration on new research that takes a fresh look at the so-called glide path the gradual reduction in equity exposure as you approach retirement and then live in retirement, according to Market Watch. The new research finds that, in some cases, workers as young as 35 should have no more than 70% in equities. I say this not because I think a bear market is imminent though, of course, a major decline could begin at any time. That's a lot lower than previously thought; the target-date retirement funds at both Fidelity and Vanguard that cater to investors this young currently have 90% or more currently allocated to equities. Already a Subscriber Log in Subscribe Now And get 4 weeks free Actionable trading strategies Easy-to-follow guidance Weekly market navigational tool Mark Hulbert Mark Hulbert is a regular contributor to Market Watch. TEMPORARY FIX FOR AD UNIT To continue reading, please subscribe. (news.financializer.com). As reported in the news.

trade: Photo AFP As the trade war between China and the US continues to escalate, with the latter constantly raising the stakes and widening the battle, Chinese officials could be considering all options to strike back, including targeting big US corporations, analysts have suggested, according to Global Times China. While there is limited room for China to continue the tit-for-tat tariff war with the US due to a massive trade surplus, there are many US companies that rely heavily on the Chinese market, giving Chinese officials an option they have so far been reluctant to take but increasingly pushed to do so, they noted. Asian markets fell as charges against Chinese tech giant Huawei in the US cast a shadow over upcoming trade talks, while investors were also tracking a Wall Street sell-off. Despite seemingly softer tones from some US officials, Washington continued to escalate the war, preparing for more tariffs on Chinese products and seeking to expand the war to more areas, as shown in its ban on Chinese tech firm Huawei. Chinese officials have been tight-lipped about China's potential countermeasures. In Beijing, officials remain defiant and resolute in beating back US pressure, vowing to implement necessary measures to protect its national interest and its companies. (news.financializer.com). As reported in the news.

trump tweeted: Trump tweeted it was an honor to read the piece, adding, As one of the truly great intellects & my friend, I won't forget! Black was convicted of defrauding investors and obstruction of justice in 2007 and spent just over three years in prison, according to The Japan Times. An appeals court reversed two convictions but left two others in place. Former media mogul Conrad Black, who has lavished praise on U.S. President Donald Trump in countless columns and a political biography, has himself a full presidential pardon on his fraud and obstruction convictions. ; Trump had taken notice of Black's warm words and even previously told him I won't forget! In 2015, when Trump was running for president, Black wrote a National Review essay titled Trump Is the Good Guy in which he argued that Trump was being unfairly smeared by the political establishment and media. Black, whose empire once included the Chicago Sun-Times, The Daily Telegraph of London, The Jerusalem Post and small papers across the U.S. and Canada, has described Trump as an old friend. Black has stood out for being Trump's biggest defender in Canada, a country where the president is very unpopular, and Bothwell said there really is no question that Black received the pardon because of his praise of Trump. The only question is why it's taken this long, said Robert Bothwell, a professor at the University of Toronto who has known Black for 50 years. (news.financializer.com). As reported in the news.

rand: By Quentin Fottrell Personal Finance Editor American journalism is losing its objectivity, according to MSNBC. That's according to a new analysis on news discourse by the RAND Corporation RAND, 0.51% In the study, released Wednesday, researchers found a major shift occurred between 1989 and 2017 as journalism expanded beyond traditional media, such as newspapers and broadcast networks, to newer media, including 24-hour cable news channels and digital outlets. ETShare U.S. news has shifted to opinion-based content that appeals to emotion; newspapers have shifted less than TV has window.video Domain Market Watch photo illustration/Getty Images, iStockphoto Tumultuous news cycles have made an impact on global opinions regarding media, according to a new global survey. Notably, these measurable changes vary in extent and nature for different news platforms, it found. Our research provides quantitative evidence for what we all can see in the media landscape, said Jennifer Kavanagh, a RAND senior political scientist and lead author of the report, the second in a series on the phenomenon of Truth Decay, the declining role of facts and analysis in civil discourse and its effect on American life. RAND is a nonprofit nonpartisan think tank based in Santa Monica, Calif. (news.financializer.com). As reported in the news.

technology team: Deliveroo said it had raised a total of 1.5bn since it launched in 2013, according to The Guardian. Deliveroo will use the funding, which values the business at as much as 4bn, to invest heavily in expanding its technology team at its London headquarters, further expand its geographic reach and open more of its delivery-only kitchens. The online giant is the lead investor in a 575m 450.8m financing round, which also includes the existing investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks. Pret a Manger in talks to gobble up Eat to fuel expansion Read more Significantly, Deliveroo said it would also use funds to develop new tools to offer riders flexible and well-paid work . The company has been heavily criticised for its treatment of the 60,000 riders who make its deliveries. Will Shu, the founder and chief executive of Deliveroo, said the investment would result in the creation of more jobs in all of the countries in which it operates. Riders are not employed directly and are paid per delivery. (news.financializer.com). As reported in the news.

luckin: The stock surged nearly 50% to 25 a share before pulling back, according to CNN. Shares closed up about 20%. Luckin Coffee begin trading on Friday and provided an immediate caffeine jolt to the market. (news.financializer.com). As reported in the news.

policy announcement: Labor, perhaps, wins the most specific policy announcement of 2019 award, with three new Aria awards for music teachers, according to The Guardian. Among other music policies, the party has promised 28m over three years for investment in live music and music hubs, new rules on ticket scalping, and mental health support for artists and crew. I frame this as a serious question what is the use of investment in the arts if climate change is continually ignored Can we, should we, make art on a dying planet Or, to put it another way, if politicians won't even face the looming catastrophe that is global extinction, how low must the arts then rate on their interest scale But, as an arts journalist, I must consider what is there in this election for the arts Australian election 2019 how to avoid voting for a terrible micro party in the Senate Read more Music The big policy winner in the election will be contemporary music, where most of the arts conversation from the major parties has been directed. The Coalition will provide 22.5m for the Live Music Australia Grant program, supporting venues that program Australian artists. They also support phasing out advertising from SBS, additional funding for First Nations media, and have a number of strategies around media diversity and accountability. The ABC and SBS For better or worse, the ABC and SBS aren't mentioned in the Liberal party's policy statements, although in its most recent budget the Coalition announced cuts over three years and an indexation freeze on ABC funding, and an additional 14.6m for SBS. Labor has pledged to return 83.7m to the ABC, plus an extra 60m across the ABC and SBS for new Australian content, 15m for regional and emergency broadcasting, 4m for audio description, reinstating shortwave radio in the Northern Territory, and a news literacy program to fight disinformation and fake news . The Greens have committed to restore funding to the ABC and invest an additional 320m over the next 3 years, and have a plan for maintaining the ABC's editorial independence. (news.financializer.com). As reported in the news.

value: The bank set its target price indicating the likely future value of the shares at zero, according to The Guardian. As the City digested the note, shares in the company nosedived to 11.8p, cutting the company's stock market value by 120m, to 180m. Wall Street bank Citigroup produced a research note advising investors to sell shares in the 178-year-old tour operator, which reported a 1.5bn loss earlier this week, citing a drop in holiday bookings due to Brexit uncertainty. Thomas Cook shares Citigroup analyst James Ainley said he believed the company would soon have zero equity value because of an anticipated rise in its debts, which already stand at 1.2bn. The latter measure, taken recently by distressed companies such as Interserve and Debenhams, involves lenders writing off debt in exchange for taking ownership of the company's shares, which would wipe out shareholders' investment. He said this was because the company would most likely have to be rescued via an issue of new shares, which could dramatically reduce the value of existing stock, or a debt-for-equity swap. (news.financializer.com). As reported in the news.

app economy: Today, the academy has opened the application process to new students and is keen to see UK students among the new entrants, according to The Independent. Applications should come from students with a keen interest in careers in the app economy. Apple, responsible for the first gold rush of apps after the App Store arrived for the iPhone, has a Developer Academy in Naples, part of the city's University of Federico II. It's been open since 2016 and the current intake of students come from 30 countries, including the UK. Since it opened its doors, almost 1,000 students have been trained there. Apple says there's a strong emphasis on collaboration in the course, which includes extensive hands-on experience. You can form your own view. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. (news.financializer.com). As reported in the news.

cfcb ic: The New York Times reported Monday that investigators would recommend a season-long ban from the Champions League but Leterme's recommendation has not been made public, according to The Independent. City, who has strenuously denied any financial wrongdoing, has criticized the investigatory process saying it is disappointed, but regrettably not surprised, by the sudden announcement of the referral to be made by the CFCB IC Chief Investigator Yves Leterme. Investigators from European football's governing body met Thursday and UEFA confirmed Chief Investigator Yves Leterme had submitted his recommendation. The leaks to media over the last week are indicative of the process that has been overseen by Mr. Read More Manchester City is entirely confident of a positive outcome when the matter is considered by an independent judicial body. Leterme, added the statement. (news.financializer.com). As reported in the news.

men: In an interview with MSNBC's Ari Melber, Booker called on men to lead on the issue of abortion with women, because this is an assault on human rights, according to MSNBC. It's important for men to lead on this issue with women because this is an assault on human rights, Booker said Wednesday. Cory Booker slams a new Alabama law that effectively bans abortion and calls on Trump Attorney General Bill Barr to resign and lays out his gun control agenda. This is an assault on a basic fundamental ideal that you can control your own body. All men we need to lead on this issue with women and demand that people get off the sidelines, he said. And we know from Alabama's 'Letters From A Birmingham Jail' by Martin Luther King very pointedly that injustice anywhere is a threat to justice everywhere. (news.financializer.com). As reported in the news.