World #1 Apple again beats forecasts – shares surge
In 2011, Apple fans celebrated its milestone of overtaking Exxon Mobil to become the world’s most valuable company. Now nobody else is left in that race.
Global Investing
All the latest product and investment news about the world’s biggest companies, including Apple, Google, Facebook, Amazon, Vodafone, Barclays, Deutshe Bank, Goldman Sachs, Tesla, and Netflix.
Hope for Sasol as hedge funds take record bets on oil price rise
Hedge funds have placed one of their largest ever bets on a rally in oil prices, just as evidence mounts that energy companies are hunkering down for a delayed recovery.
Biznews stock pick Amazon.com surges on market-beating quarterlies
Reason for the market’s delight at Amazon’s numbers was higher than expected revenues and a sparkling performance from its cloud computing services, up 48%.
Ultimate Flash Boy gets ÂŁ5m bail, fights extradition to USAÂ
A UK trader accused of contributing to the 2010 “flash crash” in equity markets began a fight against extradition yesterday as US lawmakers pledged to probe a case which raises questions over the fragility of markets and the strength of regulation.
The ultimate Flash Boys scandal exposing big cracks in global financial regulationÂ
The scandal surrounding UK-based trader Navinder Singh Sarao is exposing a highly complex global financial system where crooks flourish because the authorities depend too heavily on self-regulation by participants. Read more on this scandal in this interesting Bloomberg article.
Bill Gates joins Elon Musk in search of renewable energy’s holy grail
The biggest single impediment to a global explosion in renewable energy is storage. Crack the challenge of expensive batteries and a future without carbon-heavy energy sources becomes possible.
Retail revolutionary Wal-Mart to cut layer of in-store management
Where US retail giant Wal-Mart goes, others follow. So news the group will slice off an entire layer of management will be closely analysed and replicated.
Naspers and Tencent: The bigger picture
Naspers, being heavily exposed to Chinese internet giant Tencent, has been benefiting from an aggressive rally in Chinese equities since the third quarter of 2014, according to an analyst.
Rand weakness: A $9trn short position keeps pushing US Dollar higher
Investors speculating the dollar rally is fizzling out may be overlooking trillions of reasons why it will keep on going. Find out what these reasons are in this informative Bloomberg article.
Dollar set to grow stronger against Chinese currency
The diverging fortunes of the world’s two biggest economies mean one thing for currency markets: a stronger dollar.