21 August, 2014 by The TZ Newswire Staff Comments Off on Stop, hacker! What retailers (and consumers) can do
Stop, hacker! What retailers (and consumers) can do
Data breaches at retailers continue to happen. What needs to change?
21 August, 2014 by The TZ Newswire Staff Comments Off on Watch Cashin: Stocks will ‘continue to flow higher’
Watch Cashin: Stocks will ‘continue to flow higher’
Art Cashin of UBS Financial Services tells CNBC’s Dominic Chu why stocks continue to show strength even as the S&P hits record highs.
21 August, 2014 by The TZ Newswire Staff Comments Off on Infomercial king and his alleged pyramid scheme
Infomercial king and his alleged pyramid scheme
Infomercial king Kevin Trudeau, who made millions off books and products and is behind bars, also masterminded a pyramid scheme.
21 August, 2014 by The TZ Newswire Staff Comments Off on The futuristic vision that’s driven Tesla’s value above $30 billion
The futuristic vision that’s driven Tesla’s value above $30 billion
Despite modest sales volume and negligible profits, Tesla Motors has become a Wall Street darling. Are investors betting smart on a world-changing technology, or falling prey to puffed-up hype?
21 August, 2014 by The TZ Newswire Staff Comments Off on Buffett’s advice leads to $5.5B pop in this index fund
Buffett’s advice leads to $5.5B pop in this index fund
Vanguard’s passive Total Market Index, which matches the return of all U.S. stocks, is now the largest mutual fund on earth and the firm in total manages more than $3 trillion.
21 August, 2014 by The TZ Newswire Staff Comments Off on U.S. existing home sales rise at fastest pace in 10 months
U.S. existing home sales rise at fastest pace in 10 months
The National Association of Realtors said on Thursday existing home sales increased 2.4 percent to an annual rate of 5.15 million units. Home resales dropped in the summer of 2013 after the Federal Reserve signaled it would dial back its monetary stimulus for the economy, pushing mortgage interest rates higher.
21 August, 2014 by The TZ Newswire Staff Comments Off on Bank of America settles mortgage probes for $16.65 billion
Bank of America settles mortgage probes for $16.65 billion
Bank of America Corp has reached a $16.65 billion (10.04 billion pounds) settlement with U.S. The settlement announced on Thursday by the U.S. It is expected to resolve the vast majority of the Charlotte, North Carolina-based bank’s remaining liabilities tied to its purchases of Countrywide Financial Corp, once the nation’s largest mortgage lender, and Merrill Lynch & Co. Bank of America said the accord is expected to reduce third-quarter earnings by about $5.3 billion before taxes, or about 43 cents per share after taxes.