25 July, 2014 by The TZ Newswire Staff Comments Off on Stocks Fail To Erase Losses; Amazon’s Drop Weighs
Stocks Fail To Erase Losses; Amazon’s Drop Weighs
Stocks struggled in afternoon trade Friday, unable to erase much of the morning’s losses. The Nasdaq and the S&P 500 dropped 0.5% each, while the Dow Jones industrial average stumbled 0.8%. Volume was down 10% to 14% on the major exchanges. Amazon.com (AMZN) was adding drag to both major indexes. The stock gapped down 10% after the online merchant missed the Street’s earnings target by 80%.
25 July, 2014 by The TZ Newswire Staff Comments Off on Bear Stearns Exec Who Straddled World Of Wall Street And Magicianry Is No Longer
Bear Stearns Exec Who Straddled World Of Wall Street And Magicianry Is No Longer
25 July, 2014 by The TZ Newswire Staff Comments Off on New rules bother employers—Obamacare not as much
New rules bother employers—Obamacare not as much
Rules-making and enforcement from federal agencies has a majority of employers worried about how to run their firms.
25 July, 2014 by The TZ Newswire Staff Comments Off on No Inflation Friday: Dollarized Panama Issues Price Controls For Basic Goods
No Inflation Friday: Dollarized Panama Issues Price Controls For Basic Goods
Submitted by Simon Black of Sovereign Man
Dollarized Panama Issues Price Controls For Basic Goods
Less than four weeks after starting his new job, Panama’s President Juan Carlos Varela already has a serious challenge to deal with: empty grocery shelves.
This is largely a self-inflicted wound that was bound to happen.
25 July, 2014 by The TZ Newswire Staff Comments Off on Trading Radar: Markets Enter Busiest Week For Economic Data in the Third Quarter
Trading Radar: Markets Enter Busiest Week For Economic Data in the Third Quarter
Economics, earnings reports, and market events for the week ahead.
25 July, 2014 by The TZ Newswire Staff Comments Off on Bose sues Beats over noise-canceling headphones
Bose sues Beats over noise-canceling headphones
Bose on Friday sued Beats for infringing on patents for noise-canceling headphones, claiming it has marketed similar products.
25 July, 2014 by The TZ Newswire Staff Comments Off on High Yield Credit Market Flashing Red As Outflows Surge
High Yield Credit Market Flashing Red As Outflows Surge
As we have been highlighting for a few weeks, something is rotten in high-yield credit markets. This week, the mainstream media is starting to catch on as major divergences in performance (high-yield bond spreads are 30-40bps off their cycle tights from just prior to MH17 even as stocks rally to new record highs) and technicals weaken. However, as BofA warns, flows follow returns and this week saw the biggest outflows from high-yield funds in more than a year.