Markets
After Activision CFO Heads Over to Netflix, Blizzard CFO Departs for Square
PayU India has contributed heavily to Naspers profits and the company reported a 92% jump in its revenues for FY18 reaching $84.8 Mn (INR 588 Cr). No, not Square Enix, the company behind Final Fantasy and Dragon Quest - this is the financial services company founded by Twitter boss Jack Dorsey . [Full Article...]
Ford recalls over 953000 vehicles to replace inflators
At least 23 people have been killed worldwide and hundreds injured by the inflators. The devices use ammonium nitrate to inflate the airbag in the event of a crash. 2010-14 Ford Mustang vehicles built at Michigan's Flat Rock Assembly Plant between June 8, 2009, and December 16, 2011. Ford says dealers will replace the airbag inflator or module at no cost to customers. [Full Article...]
Buffett's buybacks make a weak floor as Berkshire drops through
When everything is going higher in the stock market, it may seem as though every pick is going to be a victor. Shorter or longer time frames are used for alternately shorter or longer outlooks. Berkshire Hathaway Inc . (NYSE:BRK.A) has Return on Invested Capital of 0.087035, with a 5-year average of 0.079904 and an ROIC quality score of 5.412727. [Full Article...]
House price growth hits brakes as Brexit looms on the horizon
Lucy Pendleton, founder director of independent estate agent James Pendleton, said that Brexit uncertainty has delivered "a lost year". He said: 'Buying and selling property requires confidence but confidence, as we edge closer to Brexit, is close to zero. [Full Article...]
US employers added a stellar 312,000 jobs in December
Investors had been concerned about the health of the United States economy, which is in the ninth year of expansion, after surveys showed a sharp decline in consumer confidence and manufacturing activity last month. The unemployment rate rose to 3.9% as more people were looking for work. Overall, payrolls rose by 2.6 million a year ago, compared to 2.2 million in 2017, as tax cuts and increase... [Full Article...]
Tuna sells for record $3M in auction at Tokyo's new fish market
The Japanese are the biggest consumer of bluefin tuna and experts warn the species could become extinct because of overfishing. Kimura has often won the annual auction in the past. The new market has already opened its auction warehouse to visitors to witness the organised pre-dawn chaos from a balcony, hoping to take over a must-see spot for tourists from Tsukiji. [Full Article...]
Apple bombshell sparks currency ‘flash crash’ as investors abandon tech stocks
It was last trading around 107.54 yen , down 1.2 percent on the day and poised for the biggest daily fall since November 2016. Chief economist at Apple shareholder Capital Investment Counsel, Hal Eddins, said that Cook's statements on the impacts of US trade war with China "might be a dig at US President Donald Trump, but mostly he may be using the trade turmoil as an excuse for some missteps... [Full Article...]
Girl Scout cookies are back with a brand-new flavor
According to Girl Scouts of America, it consists of caramel, semisweet chocolate chips and a hint of sea salt in a chewy, gluten-free cookie. "And because all Girl Scout Cookie proceeds stay local to power year-round troop projects and activities, when you buy Girl Scout Cookies you are making an investment in girls and in your local community". [Full Article...]