29 September, 2014 by The TZ Newswire Staff Comments Off on Russian Stocks Enter Bear Market As Ruble Hits Record Low
Russian Stocks Enter Bear Market As Ruble Hits Record Low
Russia’s RTS Index has dropped over 20% from its post-Sanctions 1.0 highs in June, officially entering a bear market. The Ruble continues to slide, breaking above 39.50 against the USD – record weakness. Whether it is US/EU sanctions “costs” and/or merely EM risk-off hot money outflows is unclear, but what is clear is that Russian stocks are extremely cheap…
29 September, 2014 by The TZ Newswire Staff Comments Off on Stocks off lows; economic data eyed
Stocks off lows; economic data eyed
U.S. stocks opened lower after large protests in Hong Kong rattled global markets, while investors looked ahead to a week of economic reports.
29 September, 2014 by The TZ Newswire Staff Comments Off on US consumer spending up 0.5 percent in August
US consumer spending up 0.5 percent in August
WASHINGTON (AP) — Americans boosted spending by a healthy amount in August, offering welcome evidence that the economy is on solid footing heading into the final quarter of the year.
29 September, 2014 by The TZ Newswire Staff Comments Off on New evidence of how unemployment wrecks families
New evidence of how unemployment wrecks families
Just last week, Rutgers University’s John J. Heldrich Center for Workforce Development published its latest findings on the consequences of long-term unemployment, which provides a dreary picture of a highly troubled and disaffected slice of U.S. While there are numerous socio-economic theories on what contributes to the breakdown or disintegration of the family unit, unemployment ranks as one of the leading causes of family instability. The research by Stephan Lindner and Elizabeth Peters tracks the effects in the first year of a job loss for families with children under the age of ten.
29 September, 2014 by The TZ Newswire Staff Comments Off on DreamWorks could be sold to Japan’s SoftBank for $3.4b
DreamWorks could be sold to Japan’s SoftBank for $3.4b
Japan’s SoftBank is trading lower on news that it may buy DreamWorks for $3.4 billion.
29 September, 2014 by The TZ Newswire Staff Comments Off on Pimco says can handle rise in outflows after Gross exit
Pimco says can handle rise in outflows after Gross exit
Pimco is bracing for investors to pull out money following the sudden departure of its co-founder Bill Gross but expects the vast majority of clients to stick with the firm and is confident it can handle any outflows, the California-based investment group’s chief executive said. “Should our revenues fall, and frankly we anticipate heightened redemptions here in the early stages – that’s to be expected with any transition of a senior person – we’re ready for that,” Pimco CEO Doug Hodge told analysts on a conference call on Monday, adding that the firm had “ample liquidity”.
29 September, 2014 by The TZ Newswire Staff Comments Off on Gartman: ‘Bond market is bigger’ than Bill Gross
Gartman: ‘Bond market is bigger’ than Bill Gross
The headline-grabbing departure of bond king Bill Gross rocked the investing world, but Dennis Gartman thinks everyone will get over it soon enough.