7 May, 2014 by The TZ Newswire Staff Comments Off on Pimco’s bad bets add to firm’s troubles
Pimco’s bad bets add to firm’s troubles
Emerging markets bets have led to losses for many over the past year, but among big investors few got the timing of their wagers as wrong as Pimco.
7 May, 2014 by The TZ Newswire Staff Comments Off on It May Be Non-Tuesday, But The High Freaks Are Cautiously Optimistic
It May Be Non-Tuesday, But The High Freaks Are Cautiously Optimistic
Perhaps the most important “news” of the day is that it is non-Tuesday.
7 May, 2014 by The TZ Newswire Staff Comments Off on After lull, surge of home buyers rush for loans
After lull, surge of home buyers rush for loans
After weeks of mortgage market weakness, loan applications rose last week, led by a rise in applications to buy a home.
7 May, 2014 by The TZ Newswire Staff Comments Off on China’s Alibaba Group aiming to raise $1B in IPO
China’s Alibaba Group aiming to raise $1B in IPO
Alibaba, China’s leading e-commerce company, is dangling a deal that could turn into one of the biggest IPOs in U.S. history.
7 May, 2014 by The TZ Newswire Staff Comments Off on Gundlach: Here’s what’s wrong with housing
Gundlach: Here’s what’s wrong with housing
Homeownership in America is headed down and investors should short homebuilder stocks, according to one of the most influential fund managers in finance.
7 May, 2014 by The TZ Newswire Staff Comments Off on Gold likely to reach four-year low in 2014 – consultancy
Gold likely to reach four-year low in 2014 – consultancy
Gold prices have probably peaked this year and could sink to their lowest since 2010 at $1,100 an ounce as the U.S. economic recovery gathers pace, consultancy Metals Focus said on Wednesday. But a replay of last year’s 28 percent plunge, triggered by the U.S. Federal Reserve’s tapering of extraordinary stimulus measures, is not on the cards. “In the short term, the U.S. recovery regaining momentum (thanks to improving weather conditions) and the eventual de-escalation in Ukraine are likely catalysts for lower prices,” it said in its Gold and Silver Mining Focus 2014.
7 May, 2014 by The TZ Newswire Staff Comments Off on JetBlue CEO weighs 2015 departure as contract expires
JetBlue CEO weighs 2015 departure as contract expires
JetBlue Airways Corp. (JBLU) Chief Executive Officer Dave Barger is considering departing when his contract expires in 2015, and the board has begun planning for a possible successor as the airline struggles to win over investors. Barger, 56, hasn’t made a final decision and hasn’t given the board official notice about his plans, said Ann Rhoades, who has been a director for New York-based JetBlue since 2001. While JetBlue avoided bankruptcy last decade when many peers sought court protection, the carrier is missing out on a rally in the industry and the U.S. stock market.