A delay with billions of dollars in consequences
That’s how much bond sales got postponed due to a failure in Bloomberg Terminal. The British Treasury delayed 3 billion pounds, or about $4.46 billion, in short-term debt. In our digital era, where data and money are intricately weaved, the loss of a data feed has consequences. And in this case, billion-dollar consequences. Thomson Reuters produce a competing product but not all investors have access to both.
That’s the chances a person will reach the top-fifth of earners in Dayton, Ohio when starting from the bottom fifth, making Dayton among the worst cities for economic mobility in the U.S. On Thursday’s show, we took a looked at Dayton’s history, its racial and economic segregation, and its relationship with the American dream. On Friday, we’ll examine the role education and relationships play in empowering the people in Dayton and cities like it to pull themselves out of poverty.
That’s how many jobs the largest oil-field company plans to cut from its ranks. The company Schlumberger profit fell 39 percent for the first quarter amid a slowdown in the oil and gas industry, according to the Wall Street Journal.
That’s how long the International Monetary Fund and World Bank are expected to meet this weekend. The two institutions are expected to focus on a cool down in the European Union and strong U.S. economic figures. However, the Fed rate hike and a strong dollar still contribute to global instability, especially in developing economies. Another important topic is the China-lead Asia investment bank that combines Chinese capital with Beijing’s political clout.
That’s how many leaked emails from Sony Pictures Entertainment were posted on Wikileaks Thursday. The emails stem from a massive data breach last winter that had largely wound down after the release of “The Interview,” but they had previously only been available to a small group, mostly in the media. Now the contents of the damaging leak are fully searchable, CNET reported, embarrassing emails and sensitive information and all.
That’s how far prices for Etsy shares jumped in their first day of trading Thursday, ending the day at $30. Now Etsy’s worth about $3.5 billion, Techcrunch reported, and that puts the company at risk of alienating its devoted, crafty audience, who may have gone to Etsy to avoid big companies in the first place. For his part, Etsy CEO Chad Dickerson kept things authentic, wearing an all-Etsy outfit for the occasion.
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