another Archive

  • S&P unchanged. Nasdaq down -0.29% but closes near day highs The Dow industrial average is closed today at another record high. The index is closing at 23163.04, up 5.44 points or 0.02%. That is good enough for the 52nd record close for the year.

    US stocks close well off lows and near highs for the day. Dow closes at another record.

    S&P unchanged. Nasdaq down -0.29% but closes near day highs The Dow industrial average is closed today at another record high. The index is closing at 23163.04, up 5.44 points or 0.02%. That is good enough for the 52nd record close for the year.
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  • If it was, it wasn't much Goldman Sachs CEO Llyod Blankfein fired up his twitter machine today to talk about Brexit in a bit of a troll-job. There's some talk about GBP-selling on that tweet but that sounds like fitting the move the narrative.

    Was this another reason for GBP selling?

    If it was, it wasn't much Goldman Sachs CEO Llyod Blankfein fired up his twitter machine today to talk about Brexit in a bit of a troll-job. There's some talk about GBP-selling on that tweet but that sounds like fitting the move the narrative.
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  • This via Bloomberg on multiple South Korean media reports citing unidentified military officials on Saturday and Sunday - Said North Korean missile vehicles "kept appearing and disappearing" from the map

    South Korean military officials readying for another possible missile launch North Korea

    This via Bloomberg on multiple South Korean media reports citing unidentified military officials on Saturday and Sunday - Said North Korean missile vehicles "kept appearing and disappearing" from the map
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  • Not a good press conference for the Queen's currency 12 Oct Huge impasses still the order of the day in Brexit talks judging by the latest presser remarks we've seen from Barnier and Davis.

    Pound gets another slap amid renewed Brexit concerns

    Not a good press conference for the Queen's currency 12 Oct Huge impasses still the order of the day in Brexit talks judging by the latest presser remarks we've seen from Barnier and Davis.
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  • Judging from General Motors' test cars and Elon Musk's predictions, the world is headed toward a future that's both driverless and all-electric. In reality, autonomy and battery power could end up being at odds. That's because self-driving technology is a huge power drain. Some of today's prototypes for fully autonomous systems consume 2 to 4 kilowatts of electricity -- the equivalent of having 50 to 100 laptops continuously running in the trunk, according to BorgWarner Inc. The supplier of vehicle propulsion systems expects the first autonomous cars -- likely robotaxis that are constantly on the road -- will be too energy-hungry to run on battery power alone. In an industry where the number of LEDs in a brake light are scrutinized for their impact on gas mileage, processing data from laser, radar and camera sensors will be an enormous challenge -- not just for coders working on machine learning, but for engineers trying to power vehicles efficiently. As majo..

    Another big challenge for autonomous car engineers: Energy efficiency

    Judging from General Motors' test cars and Elon Musk's predictions, the world is headed toward a future that's both driverless and all-electric. In reality, autonomy and battery power could end up being at odds. That's because self-driving technology is a huge power drain. Some of today's prototypes for fully autonomous systems consume 2 to 4 kilowatts of electricity -- the equivalent of having 50 to 100 laptops continuously running in the trunk, according to BorgWarner Inc. The supplier of vehicle propulsion systems expects the first autonomous cars -- likely robotaxis that are constantly on the road -- will be too energy-hungry to run on battery power alone. In an industry where the number of LEDs in a brake light are scrutinized for their impact on gas mileage, processing data from laser, radar and camera sensors will be an enormous challenge -- not just for coders working on machine learning, but for engineers trying to power vehicles efficiently. As majo..
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  • England's final competitive match before the World Cup ended with frustration rather than a flourish, yet Gareth Southgate took the positives in Lithuania after in-form Harry Kane once again led from the front.Aiming paper planes at the pitch gave fans more entertainment than the Three Lions against Slovenia on Thursday - a night when victory saw qualification for next summer's finals in Russia secured with a game to spare.Kane's late goal gave England an underwhelming 1-0 win at Wembley and Sunday's trip to Vilnius saw the same scorer secure the same result, despite the side ranked 120th in the world threatening to give the experimental visitors a bloody nose.The 24-year-old's first-half penalty proved enough for victory as the Three Lions finished Group F unbeaten, with fans applauding the team's efforts having earlier resorted to gallows humour by likening the performance to five-time World Cup winners Brazil."Well, pleased with some aspects of it,"..

    Gareth Southgate takes positives from another frustrating England display

    England's final competitive match before the World Cup ended with frustration rather than a flourish, yet Gareth Southgate took the positives in Lithuania after in-form Harry Kane once again led from the front.Aiming paper planes at the pitch gave fans more entertainment than the Three Lions against Slovenia on Thursday - a night when victory saw qualification for next summer's finals in Russia secured with a game to spare.Kane's late goal gave England an underwhelming 1-0 win at Wembley and Sunday's trip to Vilnius saw the same scorer secure the same result, despite the side ranked 120th in the world threatening to give the experimental visitors a bloody nose.The 24-year-old's first-half penalty proved enough for victory as the Three Lions finished Group F unbeaten, with fans applauding the team's efforts having earlier resorted to gallows humour by likening the performance to five-time World Cup winners Brazil."Well, pleased with some aspects of it,"..
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  • Weekend Financial Times report on an interview with Germany's finance minister. Article is for more (may be gated) here -- Schäuble is soon to become Speaker of the German Bundestag

    German fin min Schaeuble warns of another global financial crisis

    Weekend Financial Times report on an interview with Germany's finance minister. Article is for more (may be gated) here -- Schäuble is soon to become Speaker of the German Bundestag
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  • Oil markets were wary on Friday as traders carefully tracked a tropical storm treading a path towards the Gulf of Mexico and as Mexico remained closed for a week-long holiday. However, the prospects of prolonged oil production cuts by OPEC and other participating producers provided support to prices. U.S. WTI crude traded at $50.76 per barrel, falling 3 cents from their last settlement. Meanwhile, Brent crude declined 4 cents at $56.96 per barrel. Market activity was muted due to China's celebration of the Golden Week holiday and as traders monitored tropical storm Nate, which has prompted U.S. Gulf production and refineries to shut down just weeks after a string of hurricanes devastated the region. Storm Nate is seen to intensify to a hurricane and is heading into a region of the Gulf where offshore oil platforms that produce over 1.6 million bpd or 17 percent of the total U.S. output. BP and Chevron shuttered production at all of its Gulf platforms. Meanwhile, Royal Dut..

    Prime News: Oil Markets Cautious as Another Storm Threatens Gulf of Mexico

    Oil markets were wary on Friday as traders carefully tracked a tropical storm treading a path towards the Gulf of Mexico and as Mexico remained closed for a week-long holiday. However, the prospects of prolonged oil production cuts by OPEC and other participating producers provided support to prices. U.S. WTI crude traded at $50.76 per barrel, falling 3 cents from their last settlement. Meanwhile, Brent crude declined 4 cents at $56.96 per barrel. Market activity was muted due to China's celebration of the Golden Week holiday and as traders monitored tropical storm Nate, which has prompted U.S. Gulf production and refineries to shut down just weeks after a string of hurricanes devastated the region. Storm Nate is seen to intensify to a hurricane and is heading into a region of the Gulf where offshore oil platforms that produce over 1.6 million bpd or 17 percent of the total U.S. output. BP and Chevron shuttered production at all of its Gulf platforms. Meanwhile, Royal Dut..
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  • The success of Tesla has launch a horde of startups looking to build their own electric cars. From Faraday Future to Lucid Motors, everyone seems to want to take on Tesla; even established automakers are getting in on the action with their own luxury electric cars. Now another new company is entering the fray. Based in the United Kingdom, it's called Alcraft Motor Company, and its Alcraft GT has a claimed range of more than 300 miles. But like all startup automakers, Alcraft faces significant hurdles.The Alcraft GT is a shooting brake with doors that flip up, Lamborghini-style, but are also reverse-hinged. The visor-like front fascia looks like a knockoff of the Lucid Air design. Credit for the design goes to Matthew Humphries, according to CleanTechnica, the man who designed the Morgan Aeromax. Interestingly, Alcraft has another Morgan veteran in its ranks: Charles Morgan, a member of Morgan's founding family and a former executive at the automaker, serves as Alcraft's..

    The 600-HP Alcraft GT Is Yet Another Sexy 300-Mile Electric Car…With Questionable Prospects

    The success of Tesla has launch a horde of startups looking to build their own electric cars. From Faraday Future to Lucid Motors, everyone seems to want to take on Tesla; even established automakers are getting in on the action with their own luxury electric cars. Now another new company is entering the fray. Based in the United Kingdom, it's called Alcraft Motor Company, and its Alcraft GT has a claimed range of more than 300 miles. But like all startup automakers, Alcraft faces significant hurdles.The Alcraft GT is a shooting brake with doors that flip up, Lamborghini-style, but are also reverse-hinged. The visor-like front fascia looks like a knockoff of the Lucid Air design. Credit for the design goes to Matthew Humphries, according to CleanTechnica, the man who designed the Morgan Aeromax. Interestingly, Alcraft has another Morgan veteran in its ranks: Charles Morgan, a member of Morgan's founding family and a former executive at the automaker, serves as Alcraft's..
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