10 July, 2014 by The TZ Newswire Staff Comments Off on Wall St. ends lower on angst over Portugal’s bank woes
Wall St. ends lower on angst over Portugal’s bank woes
U.S. stocks dropped on Thursday as concerns about the financial health of Portugal’s top listed bank gave investors a reason to cash in recent gains. With the Dow and the S&P 500 near record highs, the slide in Europe triggered by financial shares quickly translated into broad selling on Wall Street. Espirito Santo Financial Group, the largest shareholder in Portugal’s Banco Espirito Santo, suspended trading in its shares and bonds, citing “material difficulties” at parent company ESI. Portugal’s benchmark stock index fell 4.2 percent and Italy’s FTSE MIB slid 1.9 percent.
10 July, 2014 by The TZ Newswire Staff Comments Off on In U.S. Data, a contradiction that makes no sense
In U.S. Data, a contradiction that makes no sense
The government says that the first quarter of 2014’ was the worst for the economy since 2009, but the best in hiring in over six years. How can both reports be right?
10 July, 2014 by The TZ Newswire Staff Comments Off on A version of dark pool trading is taking hold of housing
A version of dark pool trading is taking hold of housing
Real estate agents are increasingly pitching sellers on their version of secretive dark pool trading: Skip the multiple listing service (MLS) and let the agent market the home privately. Or it can mean posting a Coming Soon sign on a property before listing it on the MLS. Then there’s the growing number of private agent clubs, closed networks of agents who deal among themselves, often using “pocket listings,” or homes they have yet to — and may never — post to the MLS. No national data exist on the percentage of residential transactions happening off the MLS.
10 July, 2014 by The TZ Newswire Staff Comments Off on Jumbo borrowers are getting younger, but lenders still want baby boomers
Jumbo borrowers are getting younger, but lenders still want baby boomers
Younger borrowers are entering the market for large mortgages, but jumbo lenders still depend on baby boomers.
10 July, 2014 by The TZ Newswire Staff Comments Off on Wells Fargo to shine, peers won’t: Top analyst
Wells Fargo to shine, peers won’t: Top analyst
Wells Fargo likely to report the strongest earnings among its peers, said FBR’s Paul Miller.
10 July, 2014 by The TZ Newswire Staff Comments Off on A Good Week For HCP, Health Care REIT, Biomed Realty
A Good Week For HCP, Health Care REIT, Biomed Realty
Health care REITs have behaved well in what has been a challenging week. On IBD’s Dividend Leaders list, HCP (HCP) is looking to retake support at its 10-week moving average. The Irvine, Calif.-based real estate investment trust buys properties related to hospitals, senior housing facilities, medical offices, life-science research facilities and post-acute skilled nursing centers. It generally contracts lease terms of 12 to 15 years.
10 July, 2014 by The TZ Newswire Staff Comments Off on Ryanair, Foreign Airlines Lag Domestic Counterparts
Ryanair, Foreign Airlines Lag Domestic Counterparts
Airline stocks may be flying high in the U.S., but that’s not necessarily the case around the globe. The group rose about 2% each of the past two sessions after American Airlines (AAL) on Wednesday gave a bullish growth forecast for Q2 passenger revenue. Lufthansa also said it’s cutting capacity growth to improve profitability.