8 May, 2014 by The TZ Newswire Staff Comments Off on Stock Futures Reverse Lower; Tesla Stumbles, Keurig Climbs
Stock Futures Reverse Lower; Tesla Stumbles, Keurig Climbs
Stock futures reversed into losses before Thursday’s open, after mixed unemployment news and as tension in Ukraine ticked higher. Dow futures dumped a 30-point gain and dipped a fraction into the red. Nasdaq 100 futures turned a 4-point advance into an 8.6-point drop. S&P 500 futures edged down 1.8 points. The stock market today remains technically in a correction. But the correction so far has not been of the shake-out and restart variety.
8 May, 2014 by The TZ Newswire Staff Comments Off on Here Comes Crimea 2.0: Following Referendum, East Ukraine Votes To Become Part Of Russia
Here Comes Crimea 2.0: Following Referendum, East Ukraine Votes To Become Part Of Russia
Yesterday we correctly predicted that while the world is distracted by this and that, the next real short-term catalyst is the east Ukraine referendum vote on Sunday, whose results would be available as soon as May 11, indicating that, almost with 100% certainty, the Ukraine region would vote to become independent.
8 May, 2014 by The TZ Newswire Staff Comments Off on EUR Soars Then Plunges On ECB Inactivity But Promise Of Future Activity
EUR Soars Then Plunges On ECB Inactivity But Promise Of Future Activity
- Having voiced his “serious concern” about a strong foreign exchange rate and low inflation, Mario Draghi came over the top with yet another resounding promise of action…
- *DRAGHI SAYS ECB IS COMFORTABLE WITH ACTING IN JUNE IF NEEDED
This was enough to send the EUR tumbling down from near 1.40 levels (which it hit as traders saw no actual actions) and spark a renaissance in risk-on assets… always the promises… The question – of course – is how long the half-life of this jawbone lasts?
8 May, 2014 by The TZ Newswire Staff Comments Off on House rejects Pentagon’s pay raise, weapons cuts
House rejects Pentagon’s pay raise, weapons cuts
The House Armed Services Committee approved a bill authorizing a $496 billion Pentagon base budget but rejected cuts.
8 May, 2014 by The TZ Newswire Staff Comments Off on U.S. jobless claims drop 26,000 to 319,000
U.S. jobless claims drop 26,000 to 319,000
The number of people who applied for new unemployment benefits last week fell by 26,000 to 319,000 to mark the lowest level in a month, but the decline likely stemmed from seasonal quirks instead of any major change in hiring trends or layoffs.
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8 May, 2014 by The TZ Newswire Staff Comments Off on Plosser: Fed needs clear policymaking rules
Plosser: Fed needs clear policymaking rules
Views of Philadelphia Fed president Charles Plosser often go against those of Fed Chair Janet Yellen and other policymakers.
8 May, 2014 by The TZ Newswire Staff Comments Off on Athenahealth a ‘$1,000 a share stock,’ CEO says
Athenahealth a ‘$1,000 a share stock,’ CEO says
Athenahealth Chairman and CEO Jonathan Bush told CNBC on Thursday that hedge fund manager David Einhorn’s disclosure of a short case against his company allows him to get out and educate investors about its value.