3 September, 2014 by The TZ Newswire Staff Comments Off on Nasdaq Suffers First Distribution Day Since Follow-Through
Nasdaq Suffers First Distribution Day Since Follow-Through
The Nasdaq encountered its first session of uninhibited institutional selling Wednesday. But the rest of the stock market largely didn’t match the weakness. The tech-centered Nasdaq composite fell 0.6%, taking a big slice out of the gains from the prior two sessions. The Nasdaq 100 and the Russell 2000, a benchmark for small caps, also dropped 0.6%.
3 September, 2014 by The TZ Newswire Staff Comments Off on Watch this emerging market hot spot: JPMorgan pro
Watch this emerging market hot spot: JPMorgan pro
A change in Brazil’s government could provide a boost to the emerging market’s economy, Adrian Mowat says.
3 September, 2014 by The TZ Newswire Staff Comments Off on Europe crisis is resistant to remedy of low rates
Europe crisis is resistant to remedy of low rates
It is getting harder to find free parking for large sums of euros and investors are making desperate moves, NYT reports.
3 September, 2014 by The TZ Newswire Staff Comments Off on Citi to pay $217,841 to settle OFAC violation liabilities
Citi to pay $217,841 to settle OFAC violation liabilities
Department of Treasury said on Wednesday. Citi Penang, the bank’s Malaysian trade service unit, processed four export bill collection applications totaling $638,074.15 between April and November in 2009, on behalf of Citibank, Hong Kong that involved the shipment of goods to Iran, the Treasury Department said. Although the bank had documentation in its possession related to the export bill collections, the Malaysian unit did not review or screen the bills of lading, certificates of origin, or shipment advice, the Treasury’s document said.
3 September, 2014 by The TZ Newswire Staff Comments Off on Icahn sells entire stake in Family Dollar – sources
Icahn sells entire stake in Family Dollar – sources
By Nadia Damouni NEW YORK (Reuters) – Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc, making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday. Dollar Tree Inc agreed in July to buy Family Dollar for $8.5 billion. Since then, however, the deep-discount retailer has drawn competing interest from Dollar General Corp, which has bid $9.1 billion for its smaller rival. Icahn became Family Dollar’s largest shareholder in June, when he disclosed a 9. …
3 September, 2014 by The TZ Newswire Staff Comments Off on Apple stock heading to $80 per share, trader says
Apple stock heading to $80 per share, trader says
Apple stock is heading to $80, said bearish trader Brian Kelly. “I do think this is probably not the end of this selloff.”
3 September, 2014 by The TZ Newswire Staff Comments Off on When It Comes To Profit Margins, The Wider The Better
When It Comes To Profit Margins, The Wider The Better
Michael Kors (KORS) slumped 6% on Aug. 4 in massive volume despite reporting another strong quarter of double-digit profit and sales growth. The culprit? Worries about the company’s profit margins. Why are profit margins so key? They measure how much a company actually makes out of every dollar in sales. It’s displayed as a percentage. For instance: If a company has a 22% profit margin, then it nets 22 cents per dollar of sales.