7 May, 2014 by The TZ Newswire Staff Comments Off on Carl Icahn, Bill Ackman Still Agreeing To Disagree, Re: Herbalife
Carl Icahn, Bill Ackman Still Agreeing To Disagree, Re: Herbalife
Uncle Carl is loving the totally legitimate diet-shake company’s $266 million share buyback. Bill Ackman hasn’t weighed in on the racist pyramid scheme’s move, but it is safe to say he’s not impressed. Herbalife, the nutrition company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, got a vote of confidence…
7 May, 2014 by The TZ Newswire Staff Comments Off on Topping Process Continues in the Nasdaq Composite and Other Major Indices
Topping Process Continues in the Nasdaq Composite and Other Major Indices
The S&P 500 is the only major index that still remains positive for the year.
7 May, 2014 by The TZ Newswire Staff Comments Off on Burned by crashing tech names? Here’s one sector to protect you
Burned by crashing tech names? Here’s one sector to protect you
Tom Lydon of ETFTrends.com has his top trade for investors this summer looking for less volatility.
7 May, 2014 by The TZ Newswire Staff Comments Off on 94% Of March Consumer Credit Was For Student And Car Loans
94% Of March Consumer Credit Was For Student And Car Loans
Another month, another confirmation that when it comes to the US consumer, it is all about student debt (and to a lesser extent, car loans). Moments ago the Fed reported that consumer credit number for March: at $17.5 billion, it not only blew out the expectation of a $15.5 billion increase (although when one adds last month’s $3.5 billion downward revision to $13.0 billion the two month total actually missed), but was the highest monthly increase since February 2013. That’s the good news.
7 May, 2014 by The TZ Newswire Staff Comments Off on Stocks Improve In Late Trade; SolarCity Slides Ahead Of Earnings
Stocks Improve In Late Trade; SolarCity Slides Ahead Of Earnings
Stocks improved slightly but were still mixed in late trading, as techs continued to be a sore spot in the stock market today. The Dow Jones industrial average and the S&P 500 were up 0.7% and 0.4% respectively. Meanwhile, the Nasdaq shaved a 1.5% deficit to 0.7%. But software, networking and Internet stocks still weighed on the tech-heavy index. Volume was again tracking sharply higher across the board.
7 May, 2014 by The TZ Newswire Staff Comments Off on United States Consumer Credit Change came in at $17.53B to beat expectations ($15.75B) in March
United States Consumer Credit Change came in at $17.53B to beat expectations ($15.75B) in March
FXStreet.com (Barcelona) For more information, read our latest forex news.
For more information, read our latest forex news.
7 May, 2014 by The TZ Newswire Staff Comments Off on The Latest Victim Of The Ukraine Crisis: Beer
The Latest Victim Of The Ukraine Crisis: Beer
Everyone knows that when it comes to apologists and scapegoats, Q1 was all about weather excuses, and as SocGen already showed earlier today when it took a $730 million charge on its Russian subsidiary, Q2 misses will all be Ukraine’s fault, which is ironic because as recently as a month ago experts were screaming over each other how little Ukraine matters for the global economy, how meaningless Russian exposure is to western banks and so on.