17 September, 2014 by The TZ Newswire Staff Comments Off on Homebuilder Sentiment Soars To 9 Year High (Mortgage Apps 14-Year Low)
Homebuilder Sentiment Soars To 9 Year High (Mortgage Apps 14-Year Low)
Despite lagging mortgage applications and home sales, homebuilder sentiment surged for the 4th month in a row to 59 (against expectations of 56) to its highest since November 2005. Prospective Buyer Traffic (hope) soared to 47. The South region rose dramatically as Midwest fell. The disconnect between hard data in the housing market and soft survey guesses by the homebuilders grows ever wider…
First this…
17 September, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Sony admits smartphones aren’t its salvation
The Wall Street Journal: Sony admits smartphones aren’t its salvation
Sony Corp.
17 September, 2014 by The TZ Newswire Staff Comments Off on Kohl’s, FedEx boost hiring plans for holidays
Kohl’s, FedEx boost hiring plans for holidays
Fall might not have officially arrived yet, but companies are already detailing hiring plans for the holiday season.
17 September, 2014 by The TZ Newswire Staff Comments Off on Builder confidence at highest level since 2005
Builder confidence at highest level since 2005
A monthly index of home builder sentiment rose for the fourth straight month in September to the highest reading since fall 2005.
17 September, 2014 by The TZ Newswire Staff Comments Off on Why the Fed could still surprise markets
Why the Fed could still surprise markets
The Fed could surprise markets regardless of what it does, simply because of the wide divergence in Wall Street views about its move next move.
17 September, 2014 by The TZ Newswire Staff Comments Off on Activist investor Peltz asks DuPont to split into two
Activist investor Peltz asks DuPont to split into two
Activist investor Nelson Peltz’s Trian Fund Management LP, which holds a $1.6 billion stake in DuPont , called on the chemical conglomerate to separate its high-growth agriculture and other businesses from units that generate strong cash flows. DuPont should split itself into two companies, one holding the company’s agriculture, nutrition and health and industrial biosciences divisions, Trian Fund said in a Sept. 16 letter to DuPont’s board released on Wednesday. DuPont has also announced a $5 billion share repurchase program.
17 September, 2014 by The TZ Newswire Staff Comments Off on China adds stimulus with reported $81 billion bank injection
China adds stimulus with reported $81 billion bank injection
China’s central bank joined its European counterpart in boosting liquidity to address weakening growth, underscoring a divergence in direction among the world’s biggest economies as the U.S. The People’s Bank of China is injecting 500 billion yuan ($81 billion) into the nation’s largest banks, according to a government official familiar with the matter, signaling the deepest concern yet with an economic slowdown. China’s credit expansion builds on targeted measures to shore up growth while stopping short of broad-based stimulus seen in the U.S.