29 September, 2014 by The TZ Newswire Staff Comments Off on US Mint’s Eagle gold coin sales highest since Jan
US Mint’s Eagle gold coin sales highest since Jan
U.S. Mint has sold more than 50,000 ounces of American Eagle gold coins so far in September.
29 September, 2014 by The TZ Newswire Staff Comments Off on David Einhorn Just Came Into Some Bagel Money
David Einhorn Just Came Into Some Bagel Money
29 September, 2014 by The TZ Newswire Staff Comments Off on Firing/Clawback Watch ’14: Lloyds
Firing/Clawback Watch ’14: Lloyds
The British bank has told 8 employees to turn in their ID badges and cough up their bonuses. Lloyds Banking Group PLC on Monday said it has dismissed eight employees in relation to the bank’s attempts to rig a number of benchmarks. The part government-owned bank also said in a statement that it had clawed…
29 September, 2014 by The TZ Newswire Staff Comments Off on Despite Late-Day Buying Panic, Stocks Close Red
Despite Late-Day Buying Panic, Stocks Close Red
Heavy volume and volatile price action early in stocks and high-yield credit markets subsided later in the day as despite several big stocks in the red, the indices jammed higher in the last hour desparate to get positive (on terrible volume) but failed. Treasury yields fell 3-4bps early on and stuck near the lows of the day (ignoring equity’s exuberance). High-yield credit rallied back off early spike wides at 380bps (with desks noting heavy demand for protection) but remains worse than stocks.
29 September, 2014 by The TZ Newswire Staff Comments Off on Corporate debt, derivatives feel heat from Pimco outflows
Corporate debt, derivatives feel heat from Pimco outflows
With billions of dollars flying out the door at Pimco, corporate debt and derivatives are feeling the most impact.
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29 September, 2014 by The TZ Newswire Staff Comments Off on China Housing Bubble Bursts: Q3 Land Sales Crater 50%
China Housing Bubble Bursts: Q3 Land Sales Crater 50%
China may be doing everything in its power to divert attention from the simple fact that its housing bubble, the largest in the world in terms of both assets comprising it as well as divergence from fair value, has burst. But while there is no clear threshold of what constitutes a bursting bubble when it comes to housing, the latest data out of Soufun, China’s largest real-estate website, which said that land sales have dropped a massive 22% to 1.7 trillion Yuan in 2014 so far, is likely as clear an indication as any that Beijing is about to panic.
29 September, 2014 by The TZ Newswire Staff Comments Off on Earnings Outlook: What to look for in Constellation earnings
Earnings Outlook: What to look for in Constellation earnings
Market observers have high hopes for spirits maker Constellation Brands Co.