The Traderszone Network

1 July, 2014 by The TZ Newswire Staff Comments Off on T-Mobile accused of putting bogus charges on bills

T-Mobile accused of putting bogus charges on bills

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

1 July, 2014 by The TZ Newswire Staff Comments Off on Santelli Slams America’s ‘Debt-Is-Wealth’ Mentality

Santelli Slams America’s ‘Debt-Is-Wealth’ Mentality

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…

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1 July, 2014 by The TZ Newswire Staff Comments Off on World Cup kickoff at market close signals happy hour for traders

World Cup kickoff at market close signals happy hour for traders

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

1 July, 2014 by The TZ Newswire Staff Comments Off on Dow nears 17,000 milestone

Dow nears 17,000 milestone

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.

1 July, 2014 by The TZ Newswire Staff Comments Off on HSBC settles U.S. fraud charges over foreclosure fees

HSBC settles U.S. fraud charges over foreclosure fees

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 …

1 July, 2014 by The TZ Newswire Staff Comments Off on U.S. factory, auto sales data bolster growth outlook

U.S. factory, auto sales data bolster growth outlook

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.

1 July, 2014 by The TZ Newswire Staff Comments Off on Twitter names former Goldman executive Noto as CFO

Twitter names former Goldman executive Noto as CFO

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.