29 September, 2014 by The TZ Newswire Staff Comments Off on Rebound Efforts Fade For Stocks; Synchronoss Clears Resistance
Rebound Efforts Fade For Stocks; Synchronoss Clears Resistance
Stocks were still off Monday’s worst levels, but earlier rebound efforts have weakened. The S&P 500 and the Nasdaq were off 0.4% and 0.3%, respectively. Meanwhile, the Dow Jones industrial average fell 0.5%. Volume was again tracking higher on both major exchanges in the stock market today. Ctrip.com (CTRP) slumped 4% to its lowest levels since late June.
29 September, 2014 by The TZ Newswire Staff Comments Off on Icahn weighs $100M bid to save Taj Mahal casino
Icahn weighs $100M bid to save Taj Mahal casino
The billionaire investor may spend as much as $100 million to save the troubled casino, but the offer comes with considerable strings attached.
29 September, 2014 by The TZ Newswire Staff Comments Off on Trump Entertainment: End union pension for casino
Trump Entertainment: End union pension for casino
Trump Entertainment Resorts seeks to end pension contributions for unionized workers to save the Taj Mahal casino.
29 September, 2014 by The TZ Newswire Staff Comments Off on Spot The Total Logic Fail
Spot The Total Logic Fail
It appears the leadership in Spain has reached its panic-point. Following Catalonia’s President Artur Mas signing of a decree calling for an ultimately democratic referendum on independence for the region, Spanish Prime Minister Rajoy uttered this mind-numbing phrase:
- CATALAN VOTE PROFOUNDLY ANTI-DEMOCRATIC, RAJOY SAYS
It appears Rajoy’s perspective on democracy and the will of the people is a little different as the situation has become serious enough that he has gone full-Juncker.
29 September, 2014 by The TZ Newswire Staff Comments Off on Consumers miss fine print, promise first-born child to Wi-Fi company
Consumers miss fine print, promise first-born child to Wi-Fi company
When you sign up for cable or Internet service, just what are you agreeing to? A lot.
29 September, 2014 by The TZ Newswire Staff Comments Off on Market Extra: Allianz shares edge up as Pimco unit moves beyond Gross
Market Extra: Allianz shares edge up as Pimco unit moves beyond Gross
Allianz shares stabilize following the selloff on Friday that was prompted by the sudden departure of Bill Gross as head of the insurer’s Pimco bond unit.
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29 September, 2014 by The TZ Newswire Staff Comments Off on USDJPY Surge Drags Nasdaq Green, Bonds Ain’t Buying It (Again)
USDJPY Surge Drags Nasdaq Green, Bonds Ain’t Buying It (Again)
The Nasdaq, Russell 2000, and Dow Transports have been rescued in their high-beta manner all the way back to green by an initial USDJPY ramp to ignite some momentum “off the lows”. Treasuries and credit refuse to play along and even USDJPY has decoupled as stocks surged on a VIX-slamming (from over 17 to 15.50) ramp to unch. Safe-haven buying of camera-on-a-stick continues (+8% today).
Back to green…