The Traderszone Network

The experts say these 6 ‘truths’ are bullish signs for the stock market; but of course, the experts also said Brazil would win the World Cup, writes Brett Arends.
<

read more

Main Street and Wall Street are moving in opposite directions. Individual investors are plowing money back into the U.S. stock market just as professional strategists say gains for this year are over.

Apple Inc. (AAPL) said location tracking functions of its software can’t be used to identify activity of individuals in China as it seeks to refute claims on state-owned media that its iPhones pose a security risk. The feature is designed to speed up applications with data stored on the phone and protected by a password, Apple said in a response on its Chinese website. U.S. technology companies are attracting scrutiny in China amid escalating tensions over cyberspying after five Chinese military officers were indicted for allegedly hacking into American companies. Apple, Google Inc.

read more

A group of 27 top executives and investors in Alibaba Group Holding Ltd, including co-founder Jack Ma, can appoint another two directors to the company’s board once it goes public, according to a U.S. regulatory filing on Friday. The move would expand the Chinese e-commerce company’s board to 11 members from nine and cement the group’s control over the board after Alibaba’s initial public offering on the New York Stock Exchange later this year. Alibaba is expected to execute what could be the largest U.S. technology IPO in history.

Chinese authorities have indicted British and American investigators hired by GlaxoSmithKline on charges of illegally obtaining and selling private information, state media reported Monday, as the Briton …

Last week, when China Central Television leveled money-laundering allegations against Bank of China Ltd., the state-run broadcaster’s report prompted the revelation of a previously unannounced government program that enables individuals to transfer their yuan and convert it into dollars or other currencies overseas. Offered by some banks in the southern province of Guangdong, across the border from Hong Kong, the trial program was introduced in 2011 for overseas property purchases and emigration and doesn’t constitute money laundering, Bank of China said in a July 9 statement.

read more

President Barack Obama will press Congress this week to keep highway and transit aid flowing to states. The White House says Obama will discuss the issue during remarks Tuesday at a facility in Virginia …