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....Firms were not moving their business yet, he said, but they were talking “more in terms of getting there”. Bailey made his remarks amid expectations that the Wall Street firm Citi will shortly announce that Frankfurt is to become its key hub in the EU. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 04:11:56 PM
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.... If ever there was a time when companies might have been excused for salting their cash away it was the 1930s, when the US economy contracted by a quarter. Yet in the dark years after the Wall Street Crash, the US corporate sector ran down its cash pile, so much so that it had negative savings in the years from 1930 to 1934. ... [Read full article on Guardian ]
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....2 milllion subscribers in the second quarter. It was a far bigger number than Wall Street had expected and this is traditionally Netflix’s slowest time of the year: over the past five years it has averaged growth of less than 2 million in the spring months. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 09:49:29 AM
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....Financial Conduct Authority chief executive Andrew Bailey said City firms were getting near to the point where they would have to take steps to move staff and other measures to ensure that they can continue to operate seamlessly once the UK leaves the EU in March 2019. He made his remarks amid expectations that Wall Street firm Citi will announce that Frankfurt is to become its key hub in the EU. ... [Read full article on Guardian ]
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Latest Finance News related to Wall Street

Shares in Asia head for 10-year high on back of US profit surge image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:19:56 AM
....2%. The MSCI world index rose for its tenth straight session on Thursday and set a record high for the sixth consecutive day, lifted by all-time closing highs on Wall Street. ...
Morgan Stanley picks Frankfurt as post-Brexit hub image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:11:56 PM
....Firms were not moving their business yet, he said, but they were talking “more in terms of getting there”. Bailey made his remarks amid expectations that the Wall Street firm Citi will shortly announce that Frankfurt is to become its key hub in the EU. ...
'City will have to launch Brexit plans if there is no transitional deal' image
....Financial Conduct Authority chief executive Andrew Bailey said City firms were getting near to the point where they would have to take steps to move staff and other measures to ensure that they can continue to operate seamlessly once the UK leaves the EU in March 2019. He made his remarks amid expectations that Wall Street firm Citi will announce that Frankfurt is to become its key hub in the EU. ...
Netflix tops 100m subscribers as it draws worldwide audience image
Source : Guardian [Read Article] Tuesday 18th of July 2017 09:49:29 AM
....2 milllion subscribers in the second quarter. It was a far bigger number than Wall Street had expected and this is traditionally Netflix’s slowest time of the year: over the past five years it has averaged growth of less than 2 million in the spring months. ...
Governments have to invest in the fourth industrial revolution | Larry Elliott image
.... If ever there was a time when companies might have been excused for salting their cash away it was the 1930s, when the US economy contracted by a quarter. Yet in the dark years after the Wall Street Crash, the US corporate sector ran down its cash pile, so much so that it had negative savings in the years from 1930 to 1934. ...
Rupert Murdoch will not offer new Sky deal to culture secretary image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:18:55 PM
....This makes it highly likely that the culture secretary will just have time to announce that she is calling in the CMA before parliament breaks for summer recess at the end of next week. In June, Bradley told Fox she believed the deal – which would mean the Murdochs control the Times, Sun, Wall Street Journal as well as Sky News and the rightwing Fox News – should probably be subjected to an in-depth investigation following advice from Ofcom that it raises significant media plurality concerns. ...
JP Morgan: we'll only move jobs from UK after Brexit if EU forces us image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:35:32 PM
. The worldwide boss of JP Morgan has said othat the Wall Street bank would only have to move thousands of jobs out of the UK in response to Brexit if ordered to do so by the EU. ...
How economics became a religion | John Rapley image
Source : Guardian [Read Article] Tuesday 11th of July 2017 05:00:01 AM
....Yet if history teaches anything, it’s that whenever economists feel certain that they have found the holy grail of endless peace and prosperity, the end of the present regime is nigh. On the eve of the 1929 Wall Street crash, the American economist Irving Fisher advised people to go out and buy shares; in the 1960s, Keynesian economists said there would never be another recession because they had perfected the tools of demand management. ...
How healthy is the global financial system? | Mohamed El-Erian image
Source : Guardian [Read Article] Monday 10th of July 2017 09:00:47 AM
....Because risks have morphed – and migrated out of the banking system – regulators and supervisors will have to step up their efforts and widen their focus to see beyond the banks. After all, as Greg Ip of the Wall Street Journal pointed out in 2015: “Squeezing risk out of the economy can be like pressing on a water bed:– the risk often re-emerges elsewhere. ...
Baidu boss investigated for riding in self-driving car image
Source : BBC [Read Article] Thursday 6th of July 2017 07:38:11 AM
....Two of its autonomous vehicles using Apollo version 1. 0 were on display at the developers conference, the Wall Street Journal said. ...
Alibaba reveals Echo-like smart speaker image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:05:12 PM
.... Apple and Microsoft have similar products scheduled for release soon. And Samsung is readying a speaker of its own, powered by its new Bixby virtual assistant, according to a report by the Wall Street Journal on Tuesday. ...
Tesla boosted ahead of Model 3 electric car launch image
Source : BBC [Read Article] Monday 3rd of July 2017 03:11:07 PM
....Earlier this year, Tesla overtook General Motors and Ford as the most valuable US carmaker, even though it only built 84,000 cars in 2016. The firm was valued at $60bn on Wall Street on Monday, compared with $54bn for General Motors and $46bn for Ford. ...
Can you buy anything real with Bitcoin? On the streets of Bristol, it proves a hard sell image
....”. Seduced by Khan’s tale of high-wire financial derring-do, I decide to pitch in with the geeks, the rebels, the tyros, the wolves of this virtual Wall Street and buy £20 of Bitcoin. ...
Labour MPs warn ministers against ‘grubby deal with Murdochs’ over Sky image
....Ed Miliband, the former Labour leader, told Bradley that she should not accept any undertakings in lieu of a full competition inquiry. He said: “Can I urge the secretary of state not to do a grubby deal with the Murdochs, because we know their history, they break every undertaking they make, from the Times to the Wall Street Journal. ...
Con man or brilliant? Clashing portraits of Martin Shkreli offered as trial begins image
....In his opening, assistant US attorney Karthik Srinivasan accused Shkreli of building a bogus hedge fund empire by telling “lies on top of lies on top of lies”. Though he portrayed himself as a Wall Street wizard, “in reality, he was just a con man”, the prosecutor said. ...
Murdoch's Sky takeover bid: culture secretary's verdict due this week image
.... During Rupert Murdoch’s previous bid Jeremy Hunt, the then culture secretary, accepted an offer to spin-off Sky News to allay media plurality issues raised by Ofcom. Critics of the Murdochs argue that the family will still be the ultimate owner of assets including the Sun, Times and Wall Street Journal as well as Fox News and Sky News that will give them too much control over UK news media. ...
Trump could use alternate routes to roll back bank reforms image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:00:28 AM
. On the campaign trail and in office, Donald Trump has promised to replace the Dodd-Frank Wall Street regulations, triggering fears that he could unleash a new wave of reckless bankers armed with dangerous and loosely regulated financial practices. ...
Our leaders have lost touch with reality – just like the banks did | Aditya Chakrabortty image
....Even as their world came apart, the bankers clung to denial. By August 2007, the flagship hedge fund of Wall Street’s most prestigious firm was tanking fast – and what explanation came from the man at Goldman Sachs? “We were seeing things that were 25-standard deviation moves, several days in a row. ...
Uber silent on CEO’s future as it adopts Holder proposals image
Source : Guardian [Read Article] Monday 12th of June 2017 07:04:16 AM
.... Kalanick’s father suffered moderate injuries. The Wall Street Journal reported on Sunday that the chief business officer, Emil Michael, was planning to resign as soon as Monday. ...
Naomi Klein: ‘Trump is an idiot, but don’t underestimate how good he is at that’ image
....In 2008, the year after The Shock Doctrine was published, Klein believed that the financial crash would prove a reckoning for this cynical philosophy. That the ways in which the Wall Street elite had enriched itself through manipulation and deregulation would finally be exposed in plain sight. ...
Democrats say Dodd-Frank repeal is 'wrong choice' image
Source : BBC [Read Article] Friday 9th of June 2017 08:42:41 PM
....Senator Sherrod Brown, the Democrat who heads the banking committee in the Senate, has said he is open to loosening rules for smaller community banks. But he lambasted the House measure, calling it "partisan, dangerous legislation [that] would once again leave families, seniors and service members at the mercy of predatory lenders, and put taxpayers back on the hook to pay for Wall Street's greed and recklessness. ...
Mail makes gains (but not profits) in the battle to break America image
Source : Guardian [Read Article] Sunday 4th of June 2017 06:00:16 AM
....Alex looks at the Mail’s 19% rise in digital revenues (substantially offsetting the drop in print ads) and reckons that UK papers competing in a global arena ought to be more valued by the City for innovation and market worth. (Contrast and compare $18bn raised by the Wall Street float of the embryo Snap empire. ...
Jeff Bezos: the 'obsessive' Amazon founder and world's next richest man image
....The letter lays out Bezos’s approach to business and running Amazon. He pledges to focus on the long term and being the market leader, “rather than short-term profitability considerations or short-term Wall Street reactions”. ...
Snapchat brings its hip round Spectacles to Europe image
Source : Guardian [Read Article] Friday 2nd of June 2017 06:00:17 AM
.... And when I got the footage back and watched it, I could see my own memory, through my own eyes. It was unbelievable,” he told the Wall Street Journal in a rare interview. ...
Dow jumps on US climate deal withdrawal image
Source : BBC [Read Article] Thursday 1st of June 2017 03:39:31 PM
. Wall Street closed higher on Thursday following confirmation of President Trump's plan to withdraw from the Paris climate deal. ...
Shareholders force ExxonMobil to come clean on cost of climate change image
Source : Guardian [Read Article] Wednesday 31st of May 2017 05:28:57 PM
....Edward Mason, head of responsible investment at Church Commissioners for England, which led the vote, said shareholders were showing how out of step the Trump administration had become on climate change. “Trump is acting contrary to Wall Street and the world’s largest investors,” he said. ...
Urinating dog joins Wall Street statue row image
Source : BBC [Read Article] Tuesday 30th of May 2017 05:26:11 PM
. On the eve of International Women's Day in March this year, Wall Street's iconic Charging Bull statue was joined by a defiant little girl. ...
Goldman Sachs condemned for buoying Venezuela with $2.8bn bond purchase image
....8bn worth of bonds from Venezuela’s crisis-torn government in a move opposition leaders have decried for propping up the country’s “dictatorial regime”. The Wall Street Journal first reported on Sunday that the bank had bought $2. ...
Whole Foods represents the failures of 'conscious capitalism' | Nicole Aschoff image
.... Behemoths such as Kroger, Safeway, Target and even Walmart now offer a wide-range of organic produce for considerably less than “Whole Paycheck”. Mackey’s conscious company has gone from Wall Street darling to Wall Street basket case in the blink of an eye. ...
Spotify hopes going public will cement streaming as music's future image
Source : Guardian [Read Article] Saturday 27th of May 2017 10:00:25 AM
. The world may love the services they provide, but the new generation of tech companies haven’t found much love on Wall Street recently. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
....Despite posting a pre-tax profit of $10. 4bn (£8bn) last year, the company has fallen out of favour on Wall Street and its stock has declined by 37% during Fields’ tenure. ...
Marks & Spencer’s underwear is level at 30,000 feet image
Source : Guardian [Read Article] Sunday 21st of May 2017 06:00:47 AM
....At this week’s annual meeting, shareholders will get to vote on a proposal that the firm starts to “prepare a report on the nature and feasibility of selling the platform to its users via a co-operative or similar structure with broad-based ownership and accountability mechanisms” – and you can quickly guess what the board reckons to all that. Still, Wall Street lawyers being Wall Street lawyers, the response is tedious and lengthy, employing phrases such as: “Our directors and management are constantly seeking to maximise long-term stockholder value and do so by evaluating all opportunities to strengthen and focus our business. ...
Bernie Madoff photos offer rare glimpse of convicted fraudster in prison image
. Robert De Niro takes on the role of Bernie Madoff, the Wall Street legend who fleeced investors of billions of dollars in the largest financial fraud in US history, in a new original movie that was aired on HBO on Saturday night. ...
Dow Jones falls more than 370 points as Trump controversy rattles markets image
. Turmoil in Washington DC triggered a sell-off on Wall Street on Wednesday, with US stocks falling sharply as investors fretted that Donald Trump’s latest woes could derail his pro-business agenda. ...
Global stock markets fall as Trump turmoil intensifies image
Source : BBC [Read Article] Wednesday 17th of May 2017 05:31:25 PM
....Big falls on US stock markets have dragged down Asian shares over fears the political controversy surrounding President Trump will blunt his ability to deliver tax and regulatory reform. Wall Street's three main indexes shed more than 1. ...
Lloyds should give the backslapping a rest after sale of government stake | Nils Pratley image
....This reaction is surely tame in the extreme given the pace of events in Washington. Even now, Wall Street continues to debate the chances, or otherwise, of Trump’s infrastructure spending boom arriving on schedule. ...
Global stock markets: what's driving the record rises – and will they continue? image
.... But with some signs of weakness in the first quarter, that may well be the last rise from the US central bank for a while. These small hikes have done little to halt a Wall Street rally and a pause is likely to be welcomed by investors. ...
Ford 'set to shed 10% of workforce' image
Source : BBC [Read Article] Tuesday 16th of May 2017 07:39:31 AM
....Chief executive officer Mark Fields also wants to arrest the slide in the US car company's share price. The cuts, first reported in the Wall Street Journal, are part of a plan to save $3bn (£2. ...
Snap plunges as Wall Street loses ground image
Source : BBC [Read Article] Thursday 11th of May 2017 08:47:45 PM
. Wall Street closed lower on Thursday, pulled down by lower-than-expected sales at major US department stores and a selloff in Snap. ...
Aw Snap: Snapchat parent company's value plummets after earnings report image
Source : Guardian [Read Article] Wednesday 10th of May 2017 09:22:36 PM
....Wednesday was the first time Snap has had to publish its earnings since it made its initial public offering (IPO) in March, which valued the company at $28bn. Since then, the company has been trying to convince Wall Street that it can make money from advertising at a time when rival Facebook has been pushing aggressively into Snap’s territory. ...
21st Century Fox hit by lack of blockbusters image
Source : BBC [Read Article] Wednesday 10th of May 2017 09:14:26 PM
....The Murdoch family controls a large media empire. Its News Corp, which was spun out of 21st Century Fox in 2013, owns major newspapers in the UK, Australia and the US, including the Sun, The Times and the Wall Street Journal. ...
Apple can’t just make iPhones for ever. What’s next? image
Source : Guardian [Read Article] Sunday 7th of May 2017 06:00:25 AM
....There is undoubtedly some truth in this – why buy a product when you know a better version will be available in a few months? However, this is an issue that Apple faces every year; indeed, it is something that it actively encourages with its glitzy ceremonies to launch new and upgraded products. Wall Street appears to have shrugged off the news that Apple missed expectations, because shares in the company still rose 3% over the last week. ...
Breaking brands image
Source : BBC [Read Article] Saturday 6th of May 2017 11:46:31 PM
....It pioneered tests that it said could detect cancer and cholesterol with just a few drops of blood obtained via a finger-prick. Launched in 2003 it was said to be worth $9bn in 2014, but in 2015 a report by The Wall Street Journal claimed its device produced inaccuracies. ...
Hello Arizona   image
Source : BBC [Read Article] Thursday 4th of May 2017 11:27:10 PM
....Financial jobs in the US have finally rebounded but they're not growing where you might think. The subway stops near Wall Street are still crammed in the mornings yet financial firms in New York - once the centre of the money universe - aren't expanding the way they used to. ...
JP Morgan may move hundreds of jobs in pre-Brexit move image
Source : BBC [Read Article] Wednesday 3rd of May 2017 12:42:46 PM
....US bank JP Morgan could move up to 1,000 jobs out of London ahead of the UK's exit from the European Union. A senior executive at the Wall Street giant, Daniel Pinto, said that "hundreds" of staff may move to Dublin, Frankfurt and Luxembourg. ...
Apple reports surprise drop in iPhones sales, again image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 11:06:10 PM
....The company reported higher-than-expected profits resulting in earnings per share of $2. 10 – higher than the Wall Street expectation of $2. ...
If Barclays CEO is shown the door, let it be for the right reason | Nils Pratley image
.... Sorry, chaps, but Staley was under no obligation to help KKR. The story, first reported by the Wall Street Journal, offers a fascinating glimpse into how the gloves come off when serious money goes down the drain. ...
Barclays chief clashes with private equity firm over family dispute image
....The chief executive apologised last month after admitting that he asked Barclays’ internal security team to unmask a whistleblower, who had made accusations against an ex-colleague Staley recruited from his former employer JP Morgan. The latest dispute, revealed in the Wall Street Journal, relates to Aceco, a Brazilian technology company founded by the family of Staley’s wife Debora Nitzan Staley. ...
Trump is considering new Glass-Steagall-style bank rules image
Source : BBC [Read Article] Monday 1st of May 2017 06:18:44 PM
. President Donald Trump on Monday said he is considering breaking up big Wall Street banks, by splitting their consumer business from their investment operations. ...
Twitter signs deal with Bloomberg on rolling video news image
Source : BBC [Read Article] Monday 1st of May 2017 02:35:23 PM
.... . "Viewers have already embraced a multi-stream experience with live events and marrying those experiences seemed like a very powerful thing to offer to consumers," he told the Wall Street Journal. ...
Nasdaq surge expected to continue after strong Alphabet and Amazon results image
.... But after-the-bell figures from the industry’s giants looked set to take it even higher when trading resumes on Friday. With shares already buoyant on the hopes of huge corporate tax cuts by the Trump administration, the impressive earnings helped Wall Street brush aside any concerns about a possible US government shutdown amid continued congressional wrangling. ...
Wall Street edges down after Trump tax plan image
Source : BBC [Read Article] Wednesday 26th of April 2017 08:19:48 PM
.... . The promise of a massive tax cut has been at the core of the post-election rally, which has driven Wall Street's indexes to record highs. ...
Barack Obama to be paid $400,000 for speech at Cantor Fitzgerald event image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:28:37 AM
. Barack Obama is to be paid $400,000 (£312,000) to speak at a healthcare conference organised by the Wall Street firm Cantor Fitzgerald, despite his criticism of the finance sector when he was US president. ...
Obama criticised for '$400,000 Wall Street speech' image
Source : BBC [Read Article] Tuesday 25th of April 2017 09:15:09 PM
. Former US President Barack Obama is being criticised for reportedly agreeing a $400,000 (£310,000) fee for a speech to a Wall Street bank. ...
What does the business world make of Trump 100 days in? The jury is still out image
....As we approach 100 days in, business still doesn’t know quite what to make of Donald Trump. On the campaign trail he excoriated Wall Street and pledged to “drain the swamp” of lobbyists. ...
Stock markets surge after French election result image
Source : Guardian [Read Article] Monday 24th of April 2017 09:34:27 AM
....4%. On Wall Street, US markets also rallied, with the Dow Jones Industrial Average up by about 200 points or nearly 1% by lunchtime and the Nasdaq Composite technology index hitting its best ever level. ...
Barclays boss’s spy act is a funny old business image
Source : Guardian [Read Article] Sunday 23rd of April 2017 06:00:05 AM
. Say what you like about Barclays’ American boss Jes Staley (please, knock yourself out) but don’t assume he’s a stereotypical Wall Streeter with an underdeveloped sense of irony. ...
As more buy clothes online, Walmart eyes a piece of the action image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:00:12 AM
....But the Bonobos deal illustrates the accelerating arms race between Amazon, valued at $423bn, and Walmart, valued at $222bn. Wall Street might love Amazon more but the Arkansas-based retailer far exceeds Amazon in earnings – $13. ...
Exxon Mobil denied permission to resume Russian oil work image
Source : BBC [Read Article] Friday 21st of April 2017 08:47:11 PM
....One of the controversies around this appointment was Mr Tillerson's apparent closeness to senior figures in the Moscow government, including Vladimir Putin. The Wall Street Journal, which first reported that Exxon was seeking a waiver, said the company was concerned that its international oil rivals were gaining an advantage in Russia. ...
Nasdaq hits new high on tax cut hopes image
Source : BBC [Read Article] Thursday 20th of April 2017 11:46:41 PM
. Wall Street bounced back on Thursday, with the Nasdaq hitting a new record high on revived hopes about US tax cuts under Donald Trump. ...
Fox News 'to drop host Bill O'Reilly' after harassment cases image
Source : BBC [Read Article] Wednesday 19th of April 2017 04:25:30 PM
....Fox News is reportedly about to drop the country's top-rated cable news host, Bill O'Reilly, amid claims he sexually harassed female colleagues. The Wall Street Journal - owned by Rupert Murdoch, who also owns Fox News - reports the network is "preparing to cut ties" with the presenter. ...
Morgan Stanley profits jump on bond trading growth image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:27:31 PM
. Morgan Stanley profits rose sharply in the first quarter as the Wall Street giant became the latest bank to see growth in the period. ...
Netflix says opportunity 'gigantic' despite slowing growth image
Source : BBC [Read Article] Monday 17th of April 2017 09:40:50 PM
...."We have come to see these quarterly variances as mostly noise in the long-term growth trend and adoption of internet TV," he added. As ever, Wall Street is obsessed with user growth above almost any other metric a technology company can offer. ...
Facing the future image
Source : BBC [Read Article] Sunday 16th of April 2017 11:29:50 PM
Sparks fly on Wall Street over Tesla’s current valuation image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
.... The prospect that all homes may soon be able to produce and store their own energy is a potential game-changer for the energy market. It is this work in the Tesla laboratory that has seduced Wall Street. ...
Rachel Whetstone: from Tory power broker to Silicon Valley PR guru image
Source : Guardian [Read Article] Thursday 13th of April 2017 03:02:53 PM
....”. Whetstone left Google to join Uber in 2015, shortly after writing an acerbic blogpost addressed to the media tycoon Rupert Murdoch, taking issue with criticism of Google in the Wall Street Journal, part of his news empire. ...
Is business starting to get spooked about Donald Trump? | Larry Elliott image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:36:22 PM
....Financial markets are starting to have doubts about Donald Trump. The euphoria that sent share prices on Wall Street to record levels has quickly dissipated amid fears that the new president is dangerously unpredictable. ...
Donald Trump: China 'not a currency manipulator' image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:59:49 PM
....That would have triggered talks between the countries and potentially led to US sanctions - something experts warned would have prompted retaliation. But in an interview with the Wall Street Journal on Wednesday, Mr Trump said China had not been "currency manipulators" for some time and had been trying to prevent further weakening. ...
Tesla board 'too close to Elon Musk' image
Source : BBC [Read Article] Wednesday 12th of April 2017 09:01:58 PM
....Tesla board members include Mr Gracias, a shareholder and board member of SpaceX, another company controlled by Elon Musk; as well as Brad Buss, a former chief financial officer at solar power business SolarCity, which was founded by Mr Musk and later bought by Tesla. The $2bn deal was widely criticised on Wall Street and led to a 13% fall in Tesla's share price when it was announced last June. ...
Charging Bull artist wants removal of Fearless Girl statue image
Source : BBC [Read Article] Wednesday 12th of April 2017 05:04:35 PM
. The sculptor that erected Wall Street's Charging Bull statue is complaining about New York City's decision to allow a nearby statue to remain in place. ...
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
....Trump currently has two loans and two mortgages with Deutsche Bank and owes it about $340m (£270m). The bank has also extended another $950m to a venture in which Trump owns a 30% stake, the Wall Street Journal reported in January. ...
United Airlines shares fall after passenger removal image
Source : BBC [Read Article] Tuesday 11th of April 2017 03:04:37 PM
....The recovery in the United share price came as US stocks narrowed their losses in afternoon trading. Wall Street shares were hit by investor nerves over geopolitical tensions between the US and Russia over Syria. ...
The new age of Ayn Rand: how she won over Trump and Silicon Valley image
Source : Guardian [Read Article] Monday 10th of April 2017 05:49:09 PM
....Put more baldly, the reason why Republicans and British Conservatives started giving each other copies of Atlas Shrugged in the 80s was that Rand seemed to grant intellectual heft to the prevailing ethos of the time. Her insistence on the “morality of rational self-interest” and “the virtue of selfishness” sounded like an upmarket version of the slogan, derived from Oliver Stone’s Wall Street, that defined the era: greed is good. ...

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