20 August, 2014 by The TZ Newswire Staff Comments Off on Quite A Comeback For This Momentum ETF
Quite A Comeback For This Momentum ETF
By Tom Lydon:
By Todd Shriber & Tom Lydon
This year’s momentum sell-off is, mostly, in investors’ rearview mirrors. You know, the one caused by sharp retrenchments in biotechnology, Internet and social media stocks.
20 August, 2014 by The TZ Newswire Staff Comments Off on Update: Asta Funding Earnings
Update: Asta Funding Earnings
By Jeffrey Himelson:
Wednesday, Asta Funding, Inc. (NASDAQ:ASFI) reported a return to profitability, as the company continues to perform well. For the third-quarter, net income was $5.46 million or $0.41 per share, compared to a net loss of $2.74 million or $0.02 per share last year.
20 August, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Amazon coming to Shanghai’s free-trade zone
The Wall Street Journal: Amazon coming to Shanghai’s free-trade zone
Amazon.com plans to set up operations in Shanghai’s new free-trade zone, a move that will allow it to sell more merchandise from abroad in China and help boost competition against rivals like Alibaba.
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20 August, 2014 by The TZ Newswire Staff Comments Off on Ferguson Tonight: Thunder Storms, Peaceful Protests, "Go Kill ISIS And Leave Us Alone" – Live Feed
Ferguson Tonight: Thunder Storms, Peaceful Protests, "Go Kill ISIS And Leave Us Alone" – Live Feed
One glimpse at the ominous clouds approaching Ferguson this evening was enough to suggest the end of the world was approaching but for now peacfeul protesters are once again walking (not allowed to stand) chanting “No Justice, No Peace” amidd dramatic lightning storms. The weather, for now, appears to have subdued the crowds but one protesters banner proclaiming “Go kill ISIS and leave us alone” caught our eye.
20 August, 2014 by The TZ Newswire Staff Comments Off on Goldman Warns Additional Chinese Stimulus Risks Global Financial Stability
Goldman Warns Additional Chinese Stimulus Risks Global Financial Stability
The soft July data have once again generated expectations of monetary easing from China. Goldman however thinks further monetary easing would have incrementally less of an impact and would come at the cost of financial stability. This diminishing impact, they argue, would result as overcapacity/oversupply restricts long-term borrowing demand and due to interest rate deregulation, which tends to move the long-term risk-free interest rate to a higher equilibrium, as seen in recent data.
20 August, 2014 by The TZ Newswire Staff Comments Off on "The Financial System Is Vulnerable," NYFed Asks "Could The Dollar Lose Its Reserve Status?"
"The Financial System Is Vulnerable," NYFed Asks "Could The Dollar Lose Its Reserve Status?"
When a tin-foil-hat-wearing blog full of digital dickweeds suggest the dollar’s reserve currency status is at best diminishing, it is fobbed off as yet another conspiracy theory (yet to be proved conspiracy fact) too horrible to imagine for the status quo huggers.
20 August, 2014 by The TZ Newswire Staff Comments Off on Despite Collapsing Economy, Japanese PMI Surges To 5-Month High; China PMI Tumbles, Misses By Most On Record
Despite Collapsing Economy, Japanese PMI Surges To 5-Month High; China PMI Tumbles, Misses By Most On Record
Following New Zealand’s biggest monthly plunge in consumer confidence in over 2 years, Japan’s Manufacturing PMI surged to its highest since March at 52.5 (handily beating expectations of 51.5). Almost the entire suite of subindices were positive except JPY weakness-inspired margin compression as output prices tumbled and input prices surged. All of this in the face of collapsing and disappointing hard data. Meanwhile, China Manufacturing PMI plunged to 51.5, missing by the most on record, as China’s apparent ‘hard’ data shows improvement.