13 August, 2014 by The TZ Newswire Staff Comments Off on 2 ways to help workers without a minimum wage hike
2 ways to help workers without a minimum wage hike
Republicans have a couple of ideas Obama might be able to support.
13 August, 2014 by The TZ Newswire Staff Comments Off on What Do These Numbers Have In Common: 1,039,000,000,000,000 And 2,170,000,000,000
What Do These Numbers Have In Common: 1,039,000,000,000,000 And 2,170,000,000,000
With Japanese and Italy 10Y bond yields hitting all-time record lows (0.505% and 2.626% respectively), one could be forgiven for thinking that all-is-well as term or devaluation premia are oddly missing. However, as the following two charts show, Japan and Italy just broke another record – sovereign debt loads (1.038 quadrillion JPY and 2.17 trillion EUR respectively).
Japan – having topped 1 Quadrillion early in the year – is marching ahead…
13 August, 2014 by The TZ Newswire Staff Comments Off on Nasdaq Posts Follow-Through Following Mild Correction
Nasdaq Posts Follow-Through Following Mild Correction
The Nasdaq composite flexed leadership Wednesday, rising 1% in heavier volume. In a year where low volatility has been a mantra of the financial media, the gain was good enough to mark the confirmation of a new uptrend. The S&P 500 and the Dow transports — representing strength in airline, railroad and shipping stocks — both rose 0.7%. The Nasdaq 100 gapped up 1.1%.
13 August, 2014 by The TZ Newswire Staff Comments Off on Cisco shares rise after hours as revenue, earnings beat
Cisco shares rise after hours as revenue, earnings beat
Cisco reported revenue of $12.4 billion, effectively flat from a year earlier. Wall Street on average had expected $12.1 billion, according to Thomson Reuters I/B/E/S.
13 August, 2014 by The TZ Newswire Staff Comments Off on Argentina slams U.S. judge in debt case; peso hits record low
Argentina slams U.S. judge in debt case; peso hits record low
By Hugh Bronstein BUENOS AIRES (Reuters) – Argentina came out swinging on Wednesday against the U.S. judge overseeing its debt default case, defying a threatened contempt order and dashing market hopes it might soon restart talks with the hedge funds suing the country. A group of holdout investors have gone to court for full repayment on sovereign bonds that went into default in 2002. U.S.
13 August, 2014 by The TZ Newswire Staff Comments Off on US forces headed for Iraq mountain: Kurdish spokesman
US forces headed for Iraq mountain: Kurdish spokesman
US military advisors were headed for Iraq’s Mount Sinjar to study means of evacuating thousands of civilians trapped by jihadists with little food or water, a Kurdish spokesman said Wednesday. The United States has carried out air strikes against jihadists of the Islamic State (IS) group in the area of Mount Sinjar in northern Iraq, where the UN refugee agency has said tens of thousands of civilians, many of them members of the Yazidi minority, remain stranded.
13 August, 2014 by The TZ Newswire Staff Comments Off on Value Investing Gains Ground As Appetite For Risk Dims
Value Investing Gains Ground As Appetite For Risk Dims
The benchmark SPDR S&P 500’s (SPY) recent price action has many investors jittery. After falling below its 50-day moving average line on July 31, SPY hasn’t reclaimed that gauge of financial health in almost two weeks. That’s fueling analyst concerns about strong bearish signals in the market. While talk of a sell-off may be premature, SPY’s 6% return this year lags far behind its outsized 32% gain in 2013.