17 September, 2014 by The TZ Newswire Staff Comments Off on Steve Cohen Forced To Remove CFTC Registration Certificates From His Office Wall
Steve Cohen Forced To Remove CFTC Registration Certificates From His Office Wall
That’s about the only effect of yesterday’s move to revoke SAC’s CFTC registration because of, you know, the insider-trading and whatnot, since family offices like SAC er, Point72 don’t need the CFTC’s permission to do anything. Registrations as commodity pool operators and commodity trading advisers for two of the entities, SAC Capital Advisors LLC and…
17 September, 2014 by The TZ Newswire Staff Comments Off on Just don’t do it: Nike puts Adrian Peterson on ice
Just don’t do it: Nike puts Adrian Peterson on ice
Nike suspended its contract with NFL athlete Adrian Peterson over allegations of child abuse.
17 September, 2014 by The TZ Newswire Staff Comments Off on Would you buy Apple Watch? Most say no
Would you buy Apple Watch? Most say no
Just a slice of consumers plan to buy Apple Watch next year, but that could change.
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17 September, 2014 by The TZ Newswire Staff Comments Off on NewsWatch: Eight keys to Fed’s September meeting
NewsWatch: Eight keys to Fed’s September meeting
Here are eight things to watch for clues on when the central bank might a liftoff of short-term interest rates and what the tightening cycle might look like.
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17 September, 2014 by The TZ Newswire Staff Comments Off on As Wall Street waits for the Fed, China adds support for its largest banks
As Wall Street waits for the Fed, China adds support for its largest banks
On a day when Wall Street is in suspense over details of the Federal Reserve’s exit strategy, China’s central bank showed it isn’t going anywhere when it comes to stoking its slowing economy.
17 September, 2014 by The TZ Newswire Staff Comments Off on US consumer prices post first decline in nearly one and a half years
US consumer prices post first decline in nearly one and a half years
The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs. Economists had expected consumer prices would be flat in August. “There is still enough slack in the economy to keep a tight lid on price increases, which should support the view of those within the Fed arguing in favour of patience before the first rate hike,” said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.
17 September, 2014 by The TZ Newswire Staff Comments Off on Wall St edges up ahead of Fed statement
Wall St edges up ahead of Fed statement
Materials sector shares were leading the advance, with DuPont (DD.N) up 4.3 percent at $68.64 after activist investor Nelson Peltz’s Trian Fund Management, among the biggest shareholders in the company, urged it to separate its high-growth businesses from those with strong cash flows. The broader market focused on the Fed as it concludes a two-day policy meeting. It is expected to provide indications on how soon it may lift interest rates as it prepares for a shift in stance after years of near-zero interest rates.