13 August, 2014 by The TZ Newswire Staff Comments Off on CLEARING: CME’s Sprague Warns About Failure to Settle Clearing Impasse
CLEARING: CME’s Sprague Warns About Failure to Settle Clearing Impasse
Traders spoke to Suzanne Sprague, executive director of collateral and risk for CME Clearing about the impasse, how to resolve it, and what it means for the clearing market.
13 August, 2014 by The TZ Newswire Staff Comments Off on Doll: S&P 500 headed to 2,000 after choppy Q3
Doll: S&P 500 headed to 2,000 after choppy Q3
Bob Doll, chief equity strategist at Nuveen Capital Management says he firmly believes the broader market index will come within striking distance of 2,000 by the end of this year.
13 August, 2014 by The TZ Newswire Staff Comments Off on Macy’s cuts same-store sales forecast, shares drop
Macy’s cuts same-store sales forecast, shares drop
Macy’s earnings for the quarter ended Aug. 2 also missed the average analyst estimate. “…Many customers still are not feeling comfortable about spending more in an uncertain economic environment,” Chief Executive Terry Lundgren said in a statement on Wednesday. Macy’s said it expects same-store sales to increase 1.5 percent to 2 percent for the full year. Macy’s stores sell clothing, accessories, jewelry and home goods to mainly middle-class shoppers.
13 August, 2014 by The TZ Newswire Staff Comments Off on Bond Report: Treasurys boosted by weak U.S. retail sales
Bond Report: Treasurys boosted by weak U.S. retail sales
U.S. Treasurys turn higher, putting renewed pressure on yields, after disappointing U.S.
13 August, 2014 by The TZ Newswire Staff Comments Off on These stock-market experts are overlooking one big risk
These stock-market experts are overlooking one big risk
The Shiller PE gauge suggests equities are extremely overvalued, writes Jonathan Burton.
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13 August, 2014 by The TZ Newswire Staff Comments Off on Will Rory McIlroy Ever Be as Marketable as Tiger Woods?
Will Rory McIlroy Ever Be as Marketable as Tiger Woods?
Rory McIlroy is the hottest name in the golf world. But will sponsors ever love him to the same degree as Tiger Woods?
13 August, 2014 by The TZ Newswire Staff Comments Off on Ex-MIT Professor, Son to Plead Guilty in Madoff-Linked Scheme
Ex-MIT Professor, Son to Plead Guilty in Madoff-Linked Scheme
A former Massachusetts Institute of Technology professor and his son agreed to plead guilty to running a $500 million hedge-fund scam that was uncovered by investigators probing Bernard Madoff’s Ponzi scheme.