7 August, 2014 by The TZ Newswire Staff Comments Off on Steve Liesman’s Worst Nightmare: Consumer Credit Growth Tumbles, Misses By Most In 8 Months
Steve Liesman’s Worst Nightmare: Consumer Credit Growth Tumbles, Misses By Most In 8 Months
Growth in Consumer Credit dropped for the 2nd month in a row (at $17.25bn) missing expectations by the most since November 2013. The March/April credit impulse has now completely faded. Given that “debt is the great bridge between working hard and playing hard in this country,” it would seem this news will disappoint Steve Liesman. Revolving credit dropped to its lowest since February as spend-what-you-don’t-have appears to be fading also.
7 August, 2014 by The TZ Newswire Staff Comments Off on Can G-III Apparel Group Fashion Another Breakout?
Can G-III Apparel Group Fashion Another Breakout?
Today we’ll look at G-III Apparel Group (GIII), which designs and manufactures apparel and goods for men and women, including outerwear, dress-wear, performance clothing, footwear, luggage and accessories. They market their products under proprietary brands, licensed brands and private retail labels.
7 August, 2014 by The TZ Newswire Staff Comments Off on Record Numbers Of Americans Recounce Citizenship Under Obama
Record Numbers Of Americans Recounce Citizenship Under Obama
Obama has an odd definition of recovery.
While the commander in chief may exhibit an odd delight in his numerous TV appearances by taking “credit” for the near record stock market, the pre-revision Q2 GDP boost, or a wage-less job recovery driven by a surge in part-time jobs, the reality is that as we showed yesterday, living standards for the vast majority of the population have continued to deteriorate.
7 August, 2014 by The TZ Newswire Staff Comments Off on Costco Proves Again That Brick-and-Mortar Retail Isn’t Dead Yet
Costco Proves Again That Brick-and-Mortar Retail Isn’t Dead Yet
Costco remains one of the strongest retailers on the planet, despite having a very small e-commerce footprint.
7 August, 2014 by The TZ Newswire Staff Comments Off on I’m Back to Buy More Bank of America Corp Warrants
I’m Back to Buy More Bank of America Corp Warrants
7 August, 2014 by The TZ Newswire Staff Comments Off on US considers airstrikes to protect Iraqi refugees
US considers airstrikes to protect Iraqi refugees
President Obama is considering airstrikes or airdrops to address a humanitarian crisis among religious minorities in Iraq.
7 August, 2014 by The TZ Newswire Staff Comments Off on Justice Dept.’s ‘new toy’ could cost Wall St. big bucks
Justice Dept.’s ‘new toy’ could cost Wall St. big bucks
Some experts believe DOJ has found a successful strategy that could wind up costing banks and the Wall Street firms that securitized and sold questionable mortgage securities an awful lot of money.