22 April, 2015 by The TZ Newswire Staff Comments Off on How Wall Street came out on gay marriage
How Wall Street came out on gay marriage
On March 6, the day of the U.S. Supreme Court’s deadline for legal briefs backing same-sex marriage, gay rights activists quietly celebrated a victory on Wall Street. Twenty-eight of the country’s biggest financial firms had made an unprecedented show of unity in support of gay marriage by urging the court to strike down state laws banning same-sex unions. Then, the Supreme Court struck down a federal law that denied benefits to same-sex couples.
22 April, 2015 by The TZ Newswire Staff Comments Off on Mystery Trader Armed With Algorithms Rewrites Flash Crash
Mystery Trader Armed With Algorithms Rewrites Flash Crash
Navinder Singh Sarao was as anonymous as they come — little more than a day trader by the standards of the Street. So how did he manage to crash the U.S. stock market in a matter of seconds?
22 April, 2015 by The TZ Newswire Staff Comments Off on SocGen’s Markets Unit Heads Said to Leave Amid Overhaul
SocGen’s Markets Unit Heads Said to Leave Amid Overhaul
Societe Generale SA’s Gian Luca Fetta, global head of foreign exchange, is among bankers leaving the firm amid an overhaul of its markets unit, according to people with knowledge of the review.
22 April, 2015 by The TZ Newswire Staff Comments Off on From Bieber to Psy: Popstars the web made famous
From Bieber to Psy: Popstars the web made famous
As YouTube turns 10 years old, we take a look at some of the biggest pop stars made by the Internet.
22 April, 2015 by The TZ Newswire Staff Comments Off on Watch out Silicon Valley! This city wants your crown
Watch out Silicon Valley! This city wants your crown
Amsterdam, known more for its marijuana cafes and penchant for bicycles than cutting-edge technology, is looking to change its image.
22 April, 2015 by The TZ Newswire Staff Comments Off on Asia shares notch new peaks, weather China news
Asia shares notch new peaks, weather China news
Among the milestones were a 15-year peak for Japan, seven years for both China and Taiwan and a near four-year top for South Korea. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.5 percent to reach ground last trod in early 2008. The gains came despite a dip in the HSBC China manufacturing PMI to a one-year trough of 49.2 in April, when the consensus had been for it to hold steady at 49.6. Neither was the news bright from Japan where the Markit/JMMA flash PMI fell to 49.7 in April from a final 50.3 in March.
22 April, 2015 by The TZ Newswire Staff Comments Off on Facebook revenue growth slows, costs weigh on profit
Facebook revenue growth slows, costs weigh on profit
Facebook has warned of heavy investments in 2015 as it steps up efforts to expand a collection of products that include messaging service WhatsApp, photo-sharing service Instagram and virtual reality headset maker Oculus Rift. As a result, Facebook’s operating expenses rose 83 percent in the first quarter as R&D costs jumped 133 percent and marketing and sales spending nearly doubled. The cost rise is one thing that can derail this story,” said Macquarie Research analyst Ben Schachter.