The River Valley, Queenstown, New Zealand
Tesla Motors -- in which I have no financial interest -- has a huge governance problem. And in the last few weeks, that problem has cast a dark shadow over those who hope to ride their love of Tesla's products to stock market riches. Here are three things that fried my more...
Foreign Exchange post-Brexit Vote The RMB has depreciated ~8% from ~6.2 to ~6.7 RMB/USD in one year, weakest since Oct 2010. The risk of a resumption of capital outflows driven by expectations of near-term RMB weakening is therefore rising. The official FX reserve figures of over $3.1 trillion overstate the amount of ammunition available to defend the RMB, as $1 trillion or more of these reserves may be encumbered through forward and ...
U.S. stocks staged yet another day of a stellar performance as S&P 500 hit an all-time high and Amazon toppled Berkshire Hathaway to become world’s fifth largest company by market value. more...
It will take years for the full ramifications of the Brexit to unfold. In the meantime, here are the five most important things you need to know about this historic decision. 1. The stock market is reeling, but no one yet knows what the ultimate impact will be. 2. The British pound is getting hammered, which is good for vacationers but could have a longer-term effect on trade. 3. Banks and ratings agencies are lowering their ...
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