15 May, 2014 by The TZ Newswire Staff Comments Off on Wal-Mart Leads Dow’s 1% Loss, but J.C Penney Soars
Wal-Mart Leads Dow’s 1% Loss, but J.C Penney Soars
A disappointing earnings report by Wal-Mart led the blue chips down 1%, but J.C. Penney shares took off in its earnings report after hours.
15 May, 2014 by The TZ Newswire Staff Comments Off on Scotiabank On Treasuries & The Fed: "You Got Some ‘Splaining To Do"
Scotiabank On Treasuries & The Fed: "You Got Some ‘Splaining To Do"
Via Scotiabank’s Guy Haselmann,
There’s Something About Treasuries
Treasuries are still cheap.
15 May, 2014 by The TZ Newswire Staff Comments Off on Stronger yen hits Japan shares, lower yields pressure dollar
Stronger yen hits Japan shares, lower yields pressure dollar
Asian shares were under pressure on Friday, with Japanese stocks skidding as the yen rose against the dollar, which has struggled in recent days on the back of lower U.S. Treasury yields. The dollar traded little changed at 101.53 yen, off a two-month low of 101.31 yen hit Thursday on the back of a continued decline in U.S. Treasury yields.
15 May, 2014 by The TZ Newswire Staff Comments Off on SAC’s Steinberg loses bid for insider trading acquittal
SAC’s Steinberg loses bid for insider trading acquittal
A U.S. judge on Thursday rejected a request to acquit Michael Steinberg, a day before the scheduled sentencing on an insider trading conviction for the former portfolio manager at Steven A. Cohen’s SAC Capital Advisors hedge fund. U.S. District Judge Richard Sullivan in Manhattan rejected various arguments by Steinberg’s lawyers, including that a jury could not have rationally found he knew corporate insiders were receiving benefits to provide illegal tips.
15 May, 2014 by The TZ Newswire Staff Comments Off on AUD/USD breaks below 0.9350
AUD/USD breaks below 0.9350
FXStreet (Bali) – AUD/USD is trading with a slight heavy tone during the first hour of Tokyo,…
For more information, read our latest forex news.
15 May, 2014 by The TZ Newswire Staff Comments Off on David Stockman Debunks More Keynesian Rubbish From Europe’s Jon Hilsenrath
David Stockman Debunks More Keynesian Rubbish From Europe’s Jon Hilsenrath
Submitted by David Stockman via Contra Corner blog,
Once upon a time Wall Street Journal reporters were economically literate. Now, apparently, when they muster-in for the job they get a Keynesian chip implant while signing their HR forms.
15 May, 2014 by The TZ Newswire Staff Comments Off on Dow Falls 1% as Investors Flee Risk; but Verizon, AT&T Hold Their Own
Dow Falls 1% as Investors Flee Risk; but Verizon, AT&T Hold Their Own
Even though the Dow plunged for a second straight day Thursday, the Dow’s telecom stocks did relatively well.