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  • 39m
    fxtime fxtime
    LOL I am still using a Blackberry with a qwerty keyboard !! It still works, emails arrive and go reliably. It doesn't have sat nav or apps...
  • Editor’s Picks / 4 hours ago

    Big money is moving to cash – should you?

    MarketWatch
    BlueMound Asset Management founder Kirk Spano says that underinvestment in infrastructure and overweighting "toys" has left the US economy vulnerable. "There is a perception by people with big money, that investing is becoming more risky", writes Spano, adding that moving 25% to 50% of your portfolio to cash or short-term Treasury funds could be the right move for the upcoming market changes. Spano is also concerned about the impact of a stronger (post-rate hike?) USD on equity markets. At the moment, US stock markets are hitting robust highs, but Spano's view is that an over-reliance on monetary policy will eventually hit markets hard.
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  • Editor’s Picks / 6 hours ago

    Bill Gates stays top of billionaire list

    BBC
    Bill Gates is once again the richest man in the world, according to Forbes magazine's annual ranking of global billionaires. The Microsoft founder has now been top of the list for 16 of the last 21 years. His next worth in the past year rose by just over $3 billion to $79bn. Mexican businessman Carlos Slim is again in second place, with US investor Warren Buffett regaining third place. Forbes says there are now a record 1,826 billionaires in the world. The US dominates the top 20, with 15 of the world's richest people coming from America. Facebook's Mark Zuckerberg is at number 16, the first time he appears on the list. This list includes 290 newcomers, 71 from China. There is also a new record of 46 billionaires under under the age of 40.
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  • Squawk / 6 hours ago
    Head of Macro Strategy / Saxo Bank
    Denmark
    Another solid labour market report from Spain:

    It should be no surprise by now that I view the Spanish economy favourably compared to the other three of the 'big 4' in the euro area, Italy and France in particular.

    The labour market certainly continues to do well. A fresh report for February shows a decline in unemployment of 13,500 while consensus had looked for a drop of 2,900. In January unemployment rose by 78,000. This series is not seasonally adjusted so we compared YTD instead. In 2015, unemployment rose by 64,000 in Jan-Feb compared with 111,000 in 2014 and 191,000 in 2013. A notable improvement.

    The employment series on the other hand is seasonally adjusted, and it shows an increase of 84,000 or 0.5% m/m. This translates into 2.8% y/y; in comparison US nonfarm payrolls are up by 2.4% from a year ago.

    I expect the Spanish economy to grow at least 2% this year - and possibly closer to 2.5% due to added tailwinds from weaker currency and energy prices.
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