15 May, 2014 by The TZ Newswire Staff Comments Off on Stocks Close Off Day’s Lows; Vipshop Jumps
Stocks Close Off Day’s Lows; Vipshop Jumps
Stocks racked up another session of losses Thursday amid lackluster data on industrial production and housing, but they finished off the day’s worst levels. The S&P 500 dropped 0.9%, marking its third straight loss. But it closed above its 50-day moving average, where the index has found support. The Nasdaq lost 0.8%. At Thursday’s low, the composite was off by 1.6% and the S&P 500 by 1.4%.
15 May, 2014 by The TZ Newswire Staff Comments Off on Hedge Fund Managers Are Totally Over Chris Christie
Hedge Fund Managers Are Totally Over Chris Christie
David Tepper’s the only Garden Stater they want to hear from. Soon after the New Jersey governor downplayed his administration’s traffic scandal as “a footnote” in a prospective 2016 campaign, Republican donors at a hedge fund conference in Las Vegas this week shared a decidedly pessimistic view of Christie’s presidential prospects. Even self-proclaimed Christie fans…
15 May, 2014 by The TZ Newswire Staff Comments Off on Buffett’s Berkshire adds $528M Verizon stake
Buffett’s Berkshire adds $528M Verizon stake
Warren Buffett’s Berkshire Hathaway added a stake in Verizon Communications during the first quarter. but it was probably not bought by Buffett himself.
15 May, 2014 by The TZ Newswire Staff Comments Off on BitBlotter: Chinese Bitcoin Conference Draws a Crowd; BitPay Raises $30 Million With Investment by Li Ka-shing
BitBlotter: Chinese Bitcoin Conference Draws a Crowd; BitPay Raises $30 Million With Investment by Li Ka-shing
The price of bitcoin appeared to remained stable.
15 May, 2014 by The TZ Newswire Staff Comments Off on ExOne earnings miss crushes 3D printing stocks
ExOne earnings miss crushes 3D printing stocks
The mini bubble in the-dimensional printing stocks got another hard squeeze on Wednesday night, as ExOne reported plunging profit margins and lower revenue than a year earlier.
15 May, 2014 by The TZ Newswire Staff Comments Off on This Partnership Confirmed Its Contrarian Strategy in a Big Way
This Partnership Confirmed Its Contrarian Strategy in a Big Way
Most MLPs are after oil-rich assets these days, but this partnership is going the other way in a contrarian effort to put value first.
15 May, 2014 by The TZ Newswire Staff Comments Off on Krugman on the need for a higher inflation target
Krugman on the need for a higher inflation target
Paul Krugman has a paper that suggests we need a higher inflation target. It’s hard to disagree with these arguments: