An executive with responsibility for Apple’s secretive car project has left for Ford in a stinging departure that potentially spells the end of the iPhone maker’s automotive ambitions. Doug Field, who joined Apple in 2018 as vice-president for special projects from Tesla, will become Ford’s chief advanced technology and embedded systems officer with immediate effect,
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There’s more to finding a mortgage lender than simply securing the lowest interest rate. Just ask Professor of Business Administration at the University of Virginia Darden School of Business Elena Loutskina, who told Investopedia recently, “If the consumer wants to be protected, it’s the education that’s the most important thing.” Loutskina spoke at length about
Tens of thousands of Brazilian president Jair Bolsonaro’s supporters gathered in the country’s biggest cities for demonstrations on Tuesday aimed at galvanising support for the populist leader. The rallies, which took place in the capital, Brasília, and financial centre São Paulo, came as Bolsonaro fired up his base in recent months with an aggressive campaign
SoftBank’s investment focus is on new technology. But legacy telecoms continue to bolster the fortunes of the Japanese investment group, as a big share deal on Tuesday illustrated. This has strengthened prospects for share buybacks, lifting SoftBank’s stock by a tenth. A share swap with Deutsche Telekom is not an immediate cause for rejoicing. Transacted
Investors who want to own stocks in the technology sector may decide to buy exchange-traded funds (ETFs) that track the Nasdaq. When investors refer to the Nasdaq, they typically refer to the tech-heavy Nasdaq Composite Index, which is composed of more than 2,500 companies. Companies in this group vary widely in size and quality, including struggling
A Chinese entrepreneur who struck deals with some of the country’s most powerful officials and their families has briefly surfaced after a four-year disappearance, according to her ex-husband and former business partner. Duan Weihong’s business dealings with Zhang Beili, wife of former premier Wen Jiabao, is the subject of a new book by Desmond Shum,
When stand-up comic and presenter Joe Lycett recently stormed off the set of a daytime TV show, his social media followers thought he had lost his sense of humour. In fact, his apparent strop with presenter Steph McGovern was a publicity stunt designed to alert the public to the difficulties of recycling white PET plastics.
It’s not that television advertising is nearing extinction, but the TV ad business model is in a time of major transition. Yes, we all still gather around to watch ads during the Super Bowl, but things have definitely changed since the advertising heyday portrayed in the show “Mad Men,” when one TV ad could change the
Merrick Garland, the US attorney-general, has vowed to crack down on attacks against reproductive health clinics across the country after Texas imposed draconian curbs on abortion in a controversial state law that the Supreme Court refused to block. “The [justice] department will provide support from federal law enforcement when an abortion clinic or reproductive health
Germany has accused Russia of launching a spate of cyber attacks on politicians amid suspicions that Moscow is interfering in this month’s election to decide who succeeds Angela Merkel as chancellor. The country’s foreign ministry said it held Russia responsible for illegally targeting a number of national and regional politicians with “phishing” emails to gain
Management Fees vs. Management Expense Ratio: An Overview Mutual funds are a great way to invest in the stock and bond markets without incurring specific stock risk. A team of investment professionals manage these funds and can provide a way to participate in the market in a diversified manner. Selecting a mutual fund requires carefully considering the
Chinese state-owned funds are piling into a fast-growing rival to Didi Chuxing, taking advantage of regulatory pressure on the country’s largest ride-hailing app. Cao Cao Mobility announced on Monday that it raised Rmb3.8bn ($588m) from a group of state-owned funds based in the eastern city of Suzhou, to accelerate its expansion and improve driver safety.
UK regulators should be given more powers to protect consumers from dubious crypto investments being promoted online, the Financial Conduct Authority’s chair has said, as he acknowledged that a full rule book for digital assets would take some time to deliver. Charles Randell, the FCA chair, said it would take “a great deal of careful
Are Private Companies’ Financials Public? In short, not in the United States. While many may speculate about the business revenue or look for financial statements of private companies, typically they will find this to be difficult. As the name implies, a private company is not required to disclose financial information to the public. Privately-owned companies include
Drivers in Lagos last week were paying N162 ($0.40) per litre of petrol, among the lowest rates in Africa — beneficiaries of a fuel subsidy that costs the continent’s biggest crude producer billions of dollars a year. It was a reminder that while Nigerian president Muhammadu Buhari signed a big oil industry reform act last
Labour supply problems affecting UK industries from construction and manufacturing to retail and hospitality could last for up to two years, the country’s largest employers’ group has warned. The CBI said that its members forecast that the worker shortages would not be helped by the end of the government’s job retention scheme this month, and
Stock trading draws Type A personalities who are driven to win at all costs. Succeeding means logging long hours in front of a computer screen, researching and trading stocks. But in stock trading, there’s a fine line between working hard and feeding an addiction. That line can mean the difference between making sound investment decisions
Brazil has suspended beef exports to China, its largest market, after this weekend confirming two cases of “atypical” mad cow disease in separate meat plants. The Latin American nation is the world’s largest beef exporter and its meatpacking companies, notably JBS and Marfrig, have profited handsomely from the surging market for protein in China. Between
Hotels across the UK have been forced to limit bed linen changes and delay guest check-ins after a boom in domestic travel collided with a chronic shortage of staff. Intercontinental Hotel Group, owner of Holiday Inn and Crowne Plaza hotels, is among major hospitality companies that have reported difficulties with outsourced linen and towel supplies,
After Chewy, Inc. (CHWY) reported that it has missed analyst expectations for its fiscal second quarter earnings results, option traders are taking actions that suggest that they think the share price will move lower in the future. This may come as no surprise, considering the share price fell 9.2% the day after the announcement. Chewy
British independent schools face fresh pressures on expanding their links with China as the authorities tighten restrictions on foreign influence in the education system and seek to more than halve the number of children educated privately. Restrictions on visas for foreign teachers are also contributing to a slowdown in the establishment and expansion of private
It was Charlie Munger, Warren Buffett’s partner in quotable business aphorisms, who once quipped: “Show me the incentive and I will show you the outcome.” So it is no surprise that, over the decades in which the consensus set in that a chief executive’s main job was to create value for their shareholders, boards began
After Campbell Soup Company (CPB) reported that it had exceeded analysts’ predictions for its fiscal fourth quarter earnings results, option traders are taking actions that they think the share price will move higher in the future. This may come as no surprise considering that the share price rose 2% the day after the announcement. Campbell
For a man who has lost count of the number of patents to his name and who has helped build and transform multiple products and businesses, Paul Davis left school at 16 with a record distinguished only by the fact that it was unremarkable. “I was just jogging along. I didn’t have a hunger to
In Lagos, Nigeria’s commercial capital, a software coder bills her client in London and is paid in bitcoin, sidestepping a costly banking system and the naira currency’s miserly official exchange rate. In São Paulo, Brazil, a dentist puts his monthly savings into an exchange traded fund investing in a basket of cryptocurrencies that is the
A checking account is a useful tool for paying bills and covering expenses when using a debit card. Thanks to online and mobile banking, it’s easier than ever to track debit and credit transactions. But how often should you monitor your checking account? According to a Lexington Law survey, 36% of Americans say they review
Two years ago, Denis Bukalov mobilised support on social media to block construction of a Chinese-funded water-bottling plant on the shore of Lake Baikal. Now the environmental activist has set his sights on a political career as he steps up his attempts to protect the world’s oldest, largest and deepest body of fresh water from
The board of the Kansas City Southern railroad is reconsidering a $27bn offer from Canadian Pacific, despite an agreement to sell the company to a rival, after a US regulator rejected how the earlier deal was structured. The board of the railroad, which is headquartered in Kansas City, Missouri and runs between that city and
When the Bank of Japan (BOJ) announced a policy of negative interest rates in 2016 by charging interest on reserve deposits, yields on Japanese government debt fell precipitously. The yield on 10-year Japanese government bonds fell to a record negative 0.135%, below the BOJ’s negative 0.1% reserve deposit rate. With the BOJ purchasing government bonds at an unprecedented annual rate
In the deep waters of the north Atlantic, a sighting that was rare is becoming more common: the Bluefin tuna. Fisherman Ben King recalls seeing one of the giant fish — which can weigh more than 1,000 pounds — off the coast of Cornwall. “It looked like an enormous alien popping out of the water,”