8 September, 2014 by The TZ Newswire Staff Comments Off on Stocks Close Mixed As S&P 500 Drops
Stocks Close Mixed As S&P 500 Drops
Stocks kicked off the first full week of September with a split decision Monday. Hurt by broad weakness in oil stocks, the S&P 500 fell 0.3%. The energy sector has a 10% weighting in the benchmark index. Half of the day’s 10 worst-performing industry groups were oil related. Crude oil for October delivery dropped 63 cents to $92.66 a barrel, the third straight loss. The Nasdaq rose 0.2% in a seesaw session.
8 September, 2014 by The TZ Newswire Staff Comments Off on No! The US Is Not ‘Decoupling’
No! The US Is Not ‘Decoupling’
It’s that time of year again… when sell-side strategists and status-quo narrative defenders aggregate en masse around the ‘outperformance’ of the US economy compared the rest of the world (which – they note – explains why US stocks are outperforming as the US is the cleanest shirt) and declare – unequivocally – the US has decoupled.
8 September, 2014 by The TZ Newswire Staff Comments Off on Apple launch may juice stocks as traders await Fed
Apple launch may juice stocks as traders await Fed
Apple should steal the spotlight on a day that traders would otherwise be sitting by waiting for the outcome of the Fed’s meeting.
8 September, 2014 by The TZ Newswire Staff Comments Off on The Single Most Important Issue Facing Investors Today
The Single Most Important Issue Facing Investors Today
The single most important item for investors to understand is collateral. Specifically, how there is a huge shortage of high grade collateral backstopping the trillions in derivatives trades owned by the TBTFs
The senior most assets backstopping the $600 trillion derivatives market are SOVEREIGN BONDS: US Treasuries, Japanese Government Bonds, German Bunds.
8 September, 2014 by The TZ Newswire Staff Comments Off on After Hours: Annie’s shares jump on General Mills buyout offer
After Hours: Annie’s shares jump on General Mills buyout offer
Shares of Annie’s surge 37% in the extended session Monday after General Mills offers to buy the organic foods company for $820 million in cash.
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8 September, 2014 by The TZ Newswire Staff Comments Off on SAC’s Martoma gets 9 years prison for record insider trading scheme
SAC’s Martoma gets 9 years prison for record insider trading scheme
Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history.
8 September, 2014 by The TZ Newswire Staff Comments Off on Home Depot confirms payment systems were breached
Home Depot confirms payment systems were breached
Home Depot, however, said it has found no evidence that personal identification numbers (PINs) have been compromised, it said in a statement. The breach was first reported by security website KrebsonSecurity on Sept. 3, which had said the problem could extend back to April and affect all of Home Depot’s 2,200 stores in the United States. Home Depot said it is focusing its investigation from April this year, after its banking partners and law enforcement agencies first notified them of the breach last week. Home Depot had said earlier it will roll out PIN- and chip-enabled cards at all its U.S.