29 September, 2014 by The TZ Newswire Staff Comments Off on PIMCO’s new CIO: Who is Dan Ivascyn?
PIMCO’s new CIO: Who is Dan Ivascyn?
Late Friday the world’s largest bond manager, PIMCO, announced the replacement for its founder and now former chief investment officer Bill Gross. Taking the reigns at the Newport Beach based firm is Danielle Ivascyn.
29 September, 2014 by The TZ Newswire Staff Comments Off on Nearly half of American jobs risk being automated
Nearly half of American jobs risk being automated
Ed Hess, a professor at University of Virginia’s Darden business school, says he has knows how workers can prepare so that robots will never be able to replace them.
29 September, 2014 by The TZ Newswire Staff Comments Off on Stocks try to regain footing after Hong Kong unrest
Stocks try to regain footing after Hong Kong unrest
Stocks are doing their best to climb out of the pit they found themselves in when the opening bell rang this morning. Political unrest in Hong Kong is being blamed for the slide.
29 September, 2014 by The TZ Newswire Staff Comments Off on Why big tobacco is playing it safe
Why big tobacco is playing it safe
Did big tobacco grow a big heart, or are their latest warnings to consumers about e-cigarettes merely a cynical way to inoculate themselves from further lawsuits?
29 September, 2014 by The TZ Newswire Staff Comments Off on Americans step up spending, but home market weakens
Americans step up spending, but home market weakens
Nevertheless, the rise in household spending offered the latest suggestion that years of exceptionally low interest rates have finally pushed the economy into a higher gear. Consumer spending rose 0.5 percent last month after being unchanged in July, the Commerce Department said. On Wall Street, housing shares (.HGX) fell even more than the broader stock indexes, which were down sharply as investors focused attention on civil unrest in Hong Kong. Federal Reserve will raise interest rates next year to keep inflation in check, although Monday’s data gave little sign of growing price pressures.
29 September, 2014 by The TZ Newswire Staff Comments Off on Wall St. ends down on Hong Kong tensions, Ford outlook
Wall St. ends down on Hong Kong tensions, Ford outlook
U.S. stocks ended lower on Monday following protests in Hong Kong that added to worries about Chinese growth and after a disappointing forecast from Ford Motor Co . The S&P consumer discretionary sector …
29 September, 2014 by The TZ Newswire Staff Comments Off on The US Is Now 50% More Unequal Than Ancient Rome (And That Includes Slaves)
The US Is Now 50% More Unequal Than Ancient Rome (And That Includes Slaves)
As we previously noted, only the highest income earners have seen any gains in compensation since the crisis began around 2007 to the current ‘recovery’ tops. It is perhaps not entirely surprising then that, the total income controlled by the Top 1% is drastically above that of the slave-included times of Ancient Rome and as high as the peak in the roaring 20s.