Concerns about Prudential’s exposure to China helped push the company’s shares down 10% from late May. Photograph: Reuters
Prudential says turbulence on the Chinese stock market has had little effect on its business there as it reported first-half profit ahead of City forecasts.The British insurer sought to soothe City concerns by saying its Chinese operation had performed consistently for 15 years […]
People walk past a panel displaying the benchmark Hang Seng Index during afternoon trading outside a bank in Hong Kong April 15, 2015. Photo: ReutersHong Kong stock market is “very likely” to slip at its opening on Monday, Hong Kong’s finance chief predicted today, as he warned of the possibility of large market fluctuations in the near future.John Tsang Chun-wah called […]
Car trader Paul Law predicts sales at his company could be 10 per cent higher than normal for this time of year. Photo: Nora TamTo some, the fun ride has only just begun.”Sales have been better,” Paul Law Siu-hung, chairman of Olympic Motor Group and a used car dealer, admits cheerfully.He says the recent rally in stocks gave a welcome […]
Car trader Paul Law predicts sales at his company could be 10 per cent higher than normal for this time of year. Photo: Nora TamTo some, the fun ride has only just begun.”Sales have been better,” Paul Law Siu-hung, chairman of Olympic Motor Group and a used car dealer, admits cheerfully.He says the recent rally in stocks gave a welcome […]
The sudden bloodletting that leveraged currency speculators experienced when the Swiss National Bank yanked the cap on the franc should have been a warning: central-bank promises that everything is under control are meaningless. And because of leverage, innumerable trading accounts blew up in a matter of moments.Leverage acts like a powerful drug. It creates buying pressure and inflates asset prices […]
NEW YORK CITY, New York (PIX11) – Most high school students save up money by working at a store or fast food restaurant.However, one 17-year-old from New York has made a cool $72 million on Wall Street, according to PIX11.New York Magazine reports that during his lunch breaks Mohammed Islam would play the stock market.First, the Manhattan teen started trading […]
Updated 12/15/14 at 2:54 p.m.(CNBC) — The story about a high school student making outrageous amounts of money playing stocks has apparently been over-exaggerated.17-year-old, Mohammed Islam says that he does not know where the reported number came from, but claims that it is inaccurate.Islam says the actual number is still believed to be in the millions, but he declined to say […]
Updated 12/15/14 at 2:54 p.m.(CNBC) — The story about a high school student making outrageous amounts of money playing stocks has apparently been over-exaggerated.17-year-old, Mohammed Islam says that he does not know where the reported number came from, but claims that it is inaccurate.Islam says the actual number is still believed to be in the millions, but he declined to say […]
Andrew Jiang, Paul Duan and Eric Liu, the three founders of Y Combinator’s latest nonprofit, Bayes Impact, aren’t your typical entrepreneurs.The engineer, data scientist, and investor had previously worked on or analyzed investments in some of the toughest problems facing all technology companies in the Internet era — how to get more people to click on more stuff.But in recent years […]
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]]>It seems like everyone is getting into big data these days.Cubic Transportation Systems, the company that operates the Clipper card fare-payment system, announced the formation of a new subsidiary called Urban Insights earlier this week. The subsidiary provides transit agencies with subscription-based access to big data tools as well as a big data consulting service.“The transportation industry is […]
