The Traderszone Network

The FTC filed a complaint against T-Mobile USA, alleging that the wireless provider added unauthorized charges customers’ bills.

In American society, ‘debt’ and ‘income’ have become increasingly synonymous over the past 3 decades; but as Rick Santelli blasts (commonsensically), “they certainly shouldn’t be.” It appears the average joe has been led to this conclusion by the Central Banks. Rhetorically asking “where’s the horsepower in the economy coming from?” Rick reflects on the auto-loan fears we discussed earlier, santelli notes that 55% of used cars (and 30% of new cars) are financed by subprime lenders…

read more

The World Cup match between the U.S. and Belgium looks like a great case of timing the market.

Wall Street rose on Tuesday as manufacturing activity picked up in the U.S. and Asia and boosted optimism about the health of the global economy.

HSBC Holdings Plc agreed to pay $10 million to settle U.S. government charges that it defrauded taxpayers by submitting inflated bills to process residential foreclosures. The civil settlement announced …

U.S. manufacturing activity rose at a steady clip in June and major automakers reported better-than-expected sales, pointing to momentum in the economy after a turbulent start to the year. The Institute for Supply Management said its index of national factory activity for June was at 55.3, little changed from May’s 55.4 reading.

Twitter shares rose as much as 4.8 percent after the messaging service announced its latest upper-management shake-up. The previous CFO, Mike Gupta, was named senior vice president of strategic investments on Tuesday. Twitter has reported lackluster user and usage growth for the last couple of quarters and its stock price has nearly halved in the last six months. Last month, Twitter Chief Operating Officer Ali Rowghani departed after clashing with Chief Executive Dick Costolo over whether he should continue to oversee product innovation, according to a person familiar with the matter.