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Great leaders are hard to come by. In every age, there is a leader born that shapes the world. What we are today and the wealth of comforts that are at our disposal is owed largely to some leader. He may have been a leader who was tech-drive or…
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June 14, 2017 at 03:50PM
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Facebook und Co. sind für Firmen eine Chance – aber auch Stolperfallen. Wir zeigen, welche acht Fehltritte Ihr Unternehmen im Social-Media-Dschungel unbedingt vermeiden sollte.
May 29, 2017 at 03:44PM
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May 21, 2017 at 03:43PM
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The former Istanbul stock exchange employees have been accused of using the encrypted messaging app, ByLock. The government says ByLock users have ties to the Gulen movement. Turkish authorities detained 57 people on Friday in an operation targeting former employees of the Istanbul stock exchange.
The … Read full article »
May 12, 2017 at 03:49PM
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Trading Support & Resistance
DailyForex.com This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all … |
May 07, 2017 at 03:43PM
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General Electric reported earnings of 21 cents a share on revenue of $27.66 billion.
April 21, 2017 at 03:40PM
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The euro is on the slide
Looking around the euro pairs, the pattern looks to be the same at the moment
The euro is suffering against pretty much everything as EURUSD looks to hit some small stops through 1.0695.
April 21, 2017 at 03:38PM
from Ryan Littlestone
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April 21, 2017 at 03:44PM
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April 21, 2017 at 03:44PM
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Here is what you need to know.
Mnuchin defends the dollar. In Wedensday’s Financial Times, Treasury Secretary Steven Mnuchin was quoted as saying Trump was “absolutely not” trying to talk down the dollar during a recent interview with The Wall Street Journal.
Fed rate hike odds are falling. The market sees a 43.7% chance the Fed hikes in June or sooner, that’s down from 66.5% just over a week ago.
Euroarea inflation slows. Euroarea annual inflation came in at 1.5% in March, down from the 2% reading in Febraury, according to Eurostat data. Transport fuels (+0.48%) had the biggest upward impact while telecommunication and package holidays (both -0.09%) had the biggest downward impact.
Audi’s CEO says China’s premium car market is going to explode. “We will expect significant growth,” Audi CEO Rupert Stadler said the Shanghai Auto Show. “It doesn’t matter if it comes in two years or three years. But at least from a 10-year perspective we see growth.”
The British pound is holding onto its gains. The pound surged as much as 2.6% on Tuesday after UK Prime Minister Theresa May called for early elections. While sterling is off its best levels of Tuesday, it has held onto the bulk of its gains, trading little changed at 1.2830 against the dollar.
Yahoo’s last report beats. The search giant earned $0.18 per share on revenue of $833.8 million during the first quarter in what was its last report before the Verizon acquisition closes.
IBM’s revenue falls for a 20th straight quarter. Total revenue fell 2.8% to $18.16 billion in the first quarter. However, revenue from “strategic imperatives” such as cloud-based services, security software, and data analytics jumped 12% to $7.8 billion.
Stock markets around the world are mixed. China’s Shanghai Composite (-0.8%) trailed in Asia and Germany’s DAX (+0.3%) leads in Europe. The S&P 500 is set to open higher by 0.2% near 2,347.
Earnings reporting heats up. Morgan Stanley reports ahead of the opening bell while American Express, eBay, and Qualcomm release their quarterly results after markets close.
US economic data is light. The Fed’s Beige Book will cross the wires at 2 p.m. ET. The US 10-year yield is higher by 3 basis points at 2.20%.
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April 19, 2017 at 03:49PM
from Jonathan Garber
LONDON — The conventional wisdom in Westminster is that defeat for Labour in the general election would force Jeremy Corbyn to resign as leader.
But would it really? There are several very good reasons to believe otherwise.
A poll of Labour members earlier this year found that among Corbyn supporters “understanding what it takes to win an election” came in tenth place among a list of 12 priorities for the next Labour leader, as opposed to “moves the party to the left” which came first.
Of course, it’s always possible that a heavy defeat in the general election would completely change Labour members’ priorities, but as things stand, electoral success is not at the front of their minds.
Polling of Labour members does show that he has lost some support since his second leadership victory. However, the same polling also shows that there is no obvious candidate to replace him.
Among all Labour members, Shadow Brexit secretary Keir Starmer has the most support as a potential replacement, yet there were still only 43% of Labour members who believed he would make a good leader as opposed to the nearly 62% of Labour members who backed Corbyn in last year’s leadership contest. And that poll was only for potential candidates should Corbyn stand down. If he refuses to go then there is still nobody in the frame that looks likely to beat him.
Corbyn came very close to standing down during last year’s challenge against his leadership but was convinced not to do so by his allies because the project to take over the Labour party had not yet been completed.
The next phase of that project will take place in September whenthe party is due to debate a conference motion to lower the threshold for the number of Labour MPs required to nominate a candidate for the Labour leadership. If Corbyn were to stand down before then, the next leadership race would happen under current rules which make it very hard for a left-leaning candidate to gain the nomination.
Some Corbynsceptic MPs are also working on a plan to return Labour to an electoral college system which would make it even more difficult for a Corbynite MP to become Corbyn’s successor. For these reasons, Corbyn could decide to stay on at least until the party conference in September, if not beyond.
A look at the list of Labour MPs whose seats are most under threat at the upcoming general election does not include many names of Corbyn’s supporters. For obvious reasons, those most likely to lose their seats against the Tories have been among the Labour leaders’ biggest critics over the past two years. Were Labour to suffer a particularly heavy defeat then it would have the side-effect of removing a big chunk of Corbyn’s critics. It would also have the effect of lowering the number of MPs that Corbyn’s chosen successor would need to gain the nomination, which in turn would increase the incentive for Corbyn to cling on until a change in the leadership rules could be secured.
Ordinarily, you’d expect the leader of the opposition to accept the brunt of the blame for a heavy defeat. Certainly that has been the case for most previous opposition leaders who have been rejected by the country.
However, Corbyn’s support base have long been primed in the belief that his unpopularity is due to everyone but Corbyn himself. Whether it’s Labour MPs who launched a “coup” against him last year, or journalists from the “MSM” who are viewed with increasing contempt by Corbyn’s supporters and the man himself, the excuses for a heavy Labour defeat have long been written. This would particularly be the case if the final result is closer than current polls suggest.
While an early departure for Corbyn might seem like the most likely outcome of a Labour defeat in June, as things stand it is by no means certain.
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NOW WATCH: Donald Tusk to UK: ‘we already miss you’
April 19, 2017 at 03:49PM
from Adam Bienkov
