News 

Chinese Tesla rival Nio is crashing after slashing its delivery outlook and calling off plans for a Shanghai factory

“Nio, widely seen as the Tesla of China, crashed 20% to $8.12 a share Wednesday after cutting its delivery guidance and canceling plans to build a manufacturing plant in Shanghai” writes Finanzen Net Gmbh for businessinsider.com. The guidance cut prompted analyst Ming Hsun Lee at Bank of America Merrill Lynch to downgrade the stock from “neutral” to “underperform”. Source: businessinsider.com

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News 

Cab driver dies after crashing into telephone pole

“A New York City cab driver is dead after apparently suffering a medical episode and crashing into a pole in Brooklyn Sunday night, according to cops” reports nypost.com. The NYPD Highway Unit’s Collision Investigations Squad will determination the cause of the crash.It’s unclear if the driver died from the effects of the crash for from a medical condition that he apparently suffered, law enforcement sources said. Source: nypost.com

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GBP News 

UK could be days from crashing out of EU before MPs vote on May’s deal, minister admits

“The Independent has launched its #FinalSay campaign to demand that voters are given a voice on the final Brexit deal” writes Rob Merrick for independent.co.uk. The UK could be just days from crashing out of the EU without an agreement before MPs vote again on Theresa May’s deal, a cabinet minister has admitted. Source: independent.co.uk

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Brokers Markets News Stocks 

For sale sign sends shares in energy broker Utilitywise crashing

“Energy broker Utilitywise has become the latest casualty of the troubled energy market after putting itself up for sale as it seeks funding for a revival strategy” writes Charlie Taylor-kroll for telegraph.co.uk. Shares fell 70pc on Monday to a record low of 1.65p, giving it a market cap of £1.3m. Source: telegraph.co.uk

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GBP News 

Business Leaders Support May’s Deal, But “No-Deal” Brexit Could Still Become a Reality

“Executives in the City of London warned MPs to vote for the deal negotiated by the prime minister to avoid a no-deal Brexit that would harm the UK economy” writes Phillip Inman for theguardian.com. Business leaders have rallied to support Theresa May’s Brexit deal, even as an independent study showed that the prime minister’s agreement meant the UK stood to lose £100bn a year by 2030 in reduced trade and income. Another scenario, favoured by some Brexit supporters, of an “orderly no deal” departure from the EU would reduce GDP…

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News 

A CEO who got his big break by cold-calling Goldman Sachs as an ‘introverted and self-conscious’ 19-year-old says he still approaches life and work the same way

“Eventually, someone answered and suggested that perhaps they were calling about an upcoming conference Goldman Sachs was sponsoring, “Pipeline Crisis Winning Strategies.”” writes Shana Lebowitz for businessinsider.com. To make a long story short, Ellison cold called his way into a Goldman Sachs conference, then ended up speaking at that conference the following year.They asked each other: “Who has money?” (And might be willing to share some?) One of them suggested Goldman Sachs. Source: businessinsider.com

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News 

Lewis Hamilton’s former grid girl has died after crashing her car

“Kate was a beautiful special girl who will be missed deeply by everyone who knew her,” the page reads” writes Catriona Harvey-jenner for cosmopolitan.com. Modelling agency SDMPE, who represented Kate, tweeted that they were “deeply shocked and saddened to [lose] such a lovely, beautiful girl and an exceptional model who shined very bright always”. Source: cosmopolitan.com

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Crypto News 

‘High Severity’ Bug in Bitcoin Code Capable of Crashing the Cryptocurrency – Detected and Fixed

“Bitcoin is the oldest and the first cryptocurrency of the world that facilitates instant peer-to-peer transfer of money using blockchain technology” writes Kuldeep Kaul for livebitcoinnews.com. Hackers, malicious users, and competitors of the cryptocurrency are always on the lookout for such vulnerabilities either to prove that blockchain technology has flaws or to prove that their cryptocurrencies are a better bet.Such an occurrence would have rendered the cryptocurrency near useless. Source: livebitcoinnews.com

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GBP News 

MORE: Dominic Raab Tells John Lewis Not To ‘Blame Brexit’ For Crashing Profits

“This morning the department store revealed its half-year profits crashed 98.8 percent” writes Ned Simons for huffingtonpost.com. Mayfield said today: “With the level of uncertainty facing consumers and the economy, in part due to ongoing Brexit negotiations, forecasting is particularly difficult but we continue to expect full-year profits to be substantially lower than last year for the partnership as a whole.” Raab also said the UK will not pay its £39bn “divorce bill” to Brussels if it is refused a Brexit deal. Source: huffingtonpost.com

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