30 July, 2014 by The TZ Newswire Staff Comments Off on Stocks Stay Mixed Ahead Of Fed Statement; Twitter Cools Off
Stocks Stay Mixed Ahead Of Fed Statement; Twitter Cools Off
Stocks remained mixed Wednesday afternoon ahead of the central bank’s policy statement at 2 p.m. ET. The Nasdaq held on to a 0.3% gain. But the Dow Jones industrial average and the S&P 500 fell 0.3% and 0.1%, respectively. Volume was running mixed in the stock market today. Nasdaq trade was tracking sharply higher compared with the same time Tuesday. NYSE turnover was running vastly lower.
30 July, 2014 by The TZ Newswire Staff Comments Off on Puma inks deal with Arsenal, throws a big party
Puma inks deal with Arsenal, throws a big party
Athletic shoemaker Puma teamed up with one of England’s top-flight soccer clubs, Arsenal FC, to promote a sponsorship deal.
30 July, 2014 by The TZ Newswire Staff Comments Off on French Housing "In Total Meltdown", "Current Figures Are Disastrous"
French Housing "In Total Meltdown", "Current Figures Are Disastrous"
If Venezuela is the case study of a country in the late stages of transition into a socialist utopia, then France is the clear runner up. The most recent case in point, aside from the already sliding French economy, whose recent contraction can be best seen be deteriorating PMI data…
30 July, 2014 by The TZ Newswire Staff Comments Off on Argentine banks preparing bid to help Argentina avoid default
Argentine banks preparing bid to help Argentina avoid default
Members of Argentina’s banking association, known as Adeba, are working on a last-minute plan to help the country avoid default, according to people familiar with the matter. News of the plan came as Argentina’s economy minister said late Tuesday that the country would continue negotiations on Wednesday with holdout investors after failing to reach a deal during a full day of talks. Argentina needs to reach an agreement with the investors by Wednesday to prevent a default, which would be its second in 13 years.
30 July, 2014 by The TZ Newswire Staff Comments Off on Pimco’s Gross: Income, not capital gains, to drive returns
Pimco’s Gross: Income, not capital gains, to drive returns
Bill Gross, manager of the world’s largest bond fund at Pimco, said Wednesday that income, rather than capital gains, would drive future investment returns. “Capital gains from almost all asset classes are approaching dusk,” Gross said in his latest monthly letter to investors. “Low but relatively dependable income will be the market’s future driver.” Income is characterized as the interest payout on an asset, whereas capital gains are known to be the price gains on an asset.
30 July, 2014 by The TZ Newswire Staff Comments Off on Fast-food workers win small battle against McDonald’s
Fast-food workers win small battle against McDonald’s
Fast-food workers and labor groups agitating on their behalf may have just won a minor battle in the war for higher wages. A ruling came from the general council of the National Labor Relations Board on Tuesday that McDonald’s could be held jointly liable for labor and wage violations by its franchisees, allowing the company to be treated as a joint employer with them. Yahoo Finance’s Henry Blodget makes the case that fast food restaurants and low wage retailers like Walmart should pay workers more.
30 July, 2014 by The TZ Newswire Staff Comments Off on Apple Cozies Up With Bitcoin — What You Need to Know
Apple Cozies Up With Bitcoin — What You Need to Know
Even after a tumultuous past, Apple appears to be making amends with the fast-growing virtual currency.