John Foley is Reuters Breakingviews' U.S. editor. He has previously written and edited from London, Beijing and Hong Kong, and established Breakingviews’ first Asian bureau in 2009, subsequently running the European team from 2015 to 2017. Before joining Breakingviews in 2004, John worked as a copywriter for a London-based advertising agency. He read English Literature at Exeter College, Oxford. Follow John on Twitter @johnsfoley
Silicon Valley is onto something big. The cloud, mobile, connected devices and artificial intelligence are finally providing real benefits, from disease prevention to classroom safety. Negative consequences, though, are dangers techies mostly prefer someone else to tackle.
Its buyout of Thomson Reuters’ financial-data arm comes with features that enhance the seller’s upside if things go very well – but leaves Steve Schwarzman’s investment firm in better shape if things wobble. That ought to help hold the Canadian group’s feet to the fire.
Anointing part-time tune-spinner and investment banker David Solomon as the Wall Street firm's next CEO would further de-emphasize Goldman’s volatile trading business. Morgan Stanley did something similar back in 2010 – though there, traders are again in the ascendant.