The Traderszone Network

EBay Inc (EBAY.O) on Wednesday joined Wal-Mart Stores Inc (WMT.N) in cutting its outlook for the all-important holiday season, suggesting that the fourth quarter may turn out to be weaker than some analysts predicted as recently as last week. EBay and Wal-Mart blamed divergent factors such as food stamp reductions and unfavorable search-engine optimization for the lower outlooks. “EBay, especially on the marketplaces side, is actually suffering from company-specific setbacks,” Wedbush Securities analyst Gil Luria said.

read more

Global central bankers, eager to see the economy stand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money. When stock markets turned south last week after rallying for much of this year, many policymakers initially played that down. “It reminds me of the massive flight to quality we saw during the (2008) banking crisis, when there were fears that the whole global economy would tip into depression,” said Nick Stamenkovic, a strategist at Edinburgh-based RIA Capital Markets.

read more

EBay Inc trimmed its full-year revenue forecast on Wednesday, signaling a weaker-than-expected holiday shopping season for the e-commerce company as it prepares to split from its fast-growing payments arm, PayPal. EBay’s report comes as weak economic data from the United States and China fan fears of a global slowdown, forcing investors to re-examine the world economy only just emerging from one of the worst recessions in history.

read more

The act of upgrading minimum wage positions would be largely a symbolic move for Wal-Mart. Wal-Mart says its average full-time hourly wage is $12.92, compared with the federal minimum wage of $7.25. Wal-Mart is the largest private employer in the U.S.

The Brazilian Army has expressed interest in buying a handful of Boeing Co (BA.N) CH-47 Chinook helicopters, the company said on Wednesday, saying that it continued to view Brazil as an important partner for defense and commercial projects. “We have had some early discussions about the Chinook with the Brazilian Army,” Boeing spokesman Scott Day said, when asked about a potential CH-47 sale to Brazil.

read more

Borrowers stuck with oppressive private student loan debts continue to get little mercy from lenders, which is bad for both consumers and the financial institutions, according to a report issued Thursday by the Consumer Financial Protection Bureau.
read more

Scuffles again break out between student protesters and police, leading to the arrest of two demonstrators.

read more