30 July, 2014 by The TZ Newswire Staff Comments Off on Bond Report: 10-year Treasury jumps most since November
Bond Report: 10-year Treasury jumps most since November
Treasury yields jump after a GDP report, pushing the 3-year note above 1% after economic growth data.
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30 July, 2014 by The TZ Newswire Staff Comments Off on Bank Of America Got A Deal On Its Last Billion Dollar Settlement
Bank Of America Got A Deal On Its Last Billion Dollar Settlement
Was this an act of a judge taking pity on BofA in light of the fact that it basically writes the government 9 figure checks on a weekly basis, and is probably going to write a ten figure one early next month? Unclear, but it calls for a round of celebratory drinks in Charlotte tonight.…
30 July, 2014 by The TZ Newswire Staff Comments Off on Portuguese Regulator Bans Short-Selling After Banco Espirito Santo Unveils Massive $5 Billion Loss
Portuguese Regulator Bans Short-Selling After Banco Espirito Santo Unveils Massive $5 Billion Loss
Having waited until after the US equity markets closed, Portugal’s troubled Banco Espirito Santo unveiled an enormous EUR 3.577 Billion loss – that is 15 times larger than the loss the bank suffered a year earlier. The data – to end-June, before the crisis really got going – already shows notable deposit flight, a 73.1% plunge in banking income, and a EUR 3 billion collapse in repoable assets (i.e. liquidity). On the heels of this Portugal’s securities regulator has enforced a short-selling ban on BES…
30 July, 2014 by The TZ Newswire Staff Comments Off on Deutsche Bank Knows Its Financial Reporting Operation Is A Janky Pile Of Crap
Deutsche Bank Knows Its Financial Reporting Operation Is A Janky Pile Of Crap
30 July, 2014 by The TZ Newswire Staff Comments Off on Earnings Watch: Updates, advisories and surprises
Earnings Watch: Updates, advisories and surprises
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
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30 July, 2014 by The TZ Newswire Staff Comments Off on Indexes Close Mixed After Mixed Data, Fed Statement
Indexes Close Mixed After Mixed Data, Fed Statement
The major averages ended mixed Wednesday, as stocks pared earlier losses following the Federal Open Market Committee’s policy statement. The Nasdaq led with a 0.5% gain, while the S&P 500 closed fractionally higher. The Dow, dragged down by Coca-Cola (KO) and UnitedHealth Group (UNH), fell 0.2%. Volume was mixed in the stock market today, according to preliminary data. Nasdaq volume fell from Tuesday.
30 July, 2014 by The TZ Newswire Staff Comments Off on US Peace Corps withdraws volunteers on Ebola scare
US Peace Corps withdraws volunteers on Ebola scare
The US Peace Corps said it was withdrawing 340 volunteers from Liberia, Sierra Leone and Guinea due to the spreading Ebola virus across West Africa.