Archives for Financial News

Mike Armstrong and Phil Emanuel having a discussion about Networking, Business, Lockdown and Social Media Marketing

Listen to the most recent episode of my podcast: #MikeArmstrong #Networker2018 chatting with #PhilEmanuel #Networker2019 on #MikeArmstrongPodcast 💪😎🙌 https://anchor.fm/mike-armstrong9/episodes/MikeArmstrong-Networker2018-chatting-with-PhilEmanuel-Networker2019-on-MikeArmstrongPodcast-ef5a59
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Positive Financial News from the FT – Positive Coronavirus News #PositiveCoronavirisNews

Some rare coronavirus good news: equities are cheap We may have passed peak uncertainty and there is definitely a reason to start buying again — carefully A Deliveroo rider during the lockdown in central London. The company is part-owned by Amazon which remains a good bet for equity investment © Simon Dawson/Bloomberg     March 27, 2020 3:56 pm by Merryn Somerset Webb The writer is editor-in-chief of MoneyWeek Everyone in the global financial market wants the same thing. They want to find a bit of data they can absolutely believe to be accurate and they want to use it to cut the
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Contactless card limit to rise to £45 from £30 next week after limits on cash shopping to help stop coronavirus

THE limit for in-store contactless payments is rising to £45, from £30, next week. This is to try and help people to limit physical contact to fight … Contactless card limit to rise to £45 from £30 next week after limits on cash shopping to help stop coronavirus
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Latest BBC News update…

UK cracks down hard     First it was advice, now it’s an order. Boris Johnson has issued a stark message to the country: “At this moment of national emergency… stay at home.” Speaking after the UK death toll reached 335, the prime minister introduced unprecedented restrictions on everyday life, meaning people must only leave their house for one of four reasons – to exercise once a day, to travel to and from work where “absolutely necessary”, to shop for essential items, and to fulfil any medical or care needs.    Shops selling non-essential goods have been told to shut, along with
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Saturdays update from Morning Brew – USA & Global News…

Good Saturday morning. In light of the severe economic downturn we want to send a message directly to those who’ve been recently laid off or who are feeling insecure about their employment situation: We see you, we are thinking of you, and we will be your companion every single morning until you’re back on your feet.   MARKETS NASDAQ 6,879.52 – 3.79% S&P 2,304.92 – 4.34% DJIA 19,173.98 – 4.55% GOLD 1,500.00 + 1.40% 10-YR 0.857% – 30.00 bps OIL 19.84 – 21.33% *As of market close U.S. markets: Wall Street locked the door and threw away the key on its worst week since 2008. With
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People, Population & Community Stats from the Office for National Statistics / ONS

Living longer: implications of housing tenure in later life Last month, we looked at how housing tenure had changed over time, with future generations of older people more likely to live in rented accommodation than they do now. Today’s article explores some of the implications this has, including Amongst private renting households containing someone aged 60 or over, fewer than half have savings or investments. This compares with over three quarters of those who own their homes outright. Not all those who own outright are well-off. While a quarter of older households that own outright had at least £50,000 in savings
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European Business News / EuropeanBiz – Will European Banks be able to cope with this Global Pandemic – Interesting FT Article…

More than a decade on from the financial crisis, Europe’s banks are facing the first major test of their resilience. This week growing fears about the coronavirus pandemic and an oil price war prompted a widespread market sell-off. Companies have spent a decade gorging on cheap debt in an ultra-low interest rate environment. A wave of defaults is now likely, and rising loan impairments will hit banks’ already anaemic earnings. Since their recent peak almost a month ago, European banks indices have plunged 40 per cent in an indiscriminate sell off of financial stocks. This outpaces the 25 per cent
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British Business News – Bank of England is considering Electronic Bank Notes -BBC

The Bank of England is considering the introduction of electronic banknotes for use by consumers and businesses. Governor Mark Carney said: “We are in the middle of a revolution in payments,” saying the Bank must look into how electronic money could work. He said this would complement, not replace, paper banknotes while people still wanted physical cash. But it could open the door to programmable money to integrate with home appliances or the tax system. Carney calls for crackdown on crypto-currency ‘mania’ Budget 2020: Pledges on the future of cash Banknotes have been the only way for households to make
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