29 December, 2014 by The TZ Newswire Staff Comments Off on Oil At Five-Year Low; Supply Glut Seen Continuing
Oil At Five-Year Low; Supply Glut Seen Continuing
Crude oil slid to a five-year low amid speculation that a global supply glut will continue, while the Standard & Poor’s 500 Index extended its record high. Treasuries rose amid concern early elections in Greece risk severing the nation’s bailout agreement. Oil for February delivery sank 2.1% to $53.61 a barrel in New York, the lowest settlement since May 1, 2009, and Brent crude slid 2.6% to $57.88 in London.
29 December, 2014 by The TZ Newswire Staff Comments Off on Inflation Watch: It Has Never Been More Expensive To Live The 1% Life
Inflation Watch: It Has Never Been More Expensive To Live The 1% Life
While inflation (explicit in price rises or implicit in USD debauchery) over the past 30 years has eaten away at the average American’s standard of living, it is the cost of living the 1%-life that has truly soared. As Forbes’ “Cost of Living Extremely Well” index (CLEWI) shows, since 1982, the 1% have seen prices for their goods rise at double the pace of the average joe.
29 December, 2014 by The TZ Newswire Staff Comments Off on Wall Street ends flat, S&P 500 notches new record
Wall Street ends flat, S&P 500 notches new record
U.S. stocks were little changed in light trading on Monday, but the broad S&P 500 still managed to tick up to a fresh record high.
29 December, 2014 by The TZ Newswire Staff Comments Off on Project Syndicate: 3 goals for Obama to achieve as he visits India
Project Syndicate: 3 goals for Obama to achieve as he visits India
Cultivating a reliable partner in the global economy should be a high priority for the U.S., says Martin Feldstein.
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29 December, 2014 by The TZ Newswire Staff Comments Off on Gold Held In NY Fed Vault Drops To Lowest In 21st Century After Biggest Monthly Withdrawal Since 2001
Gold Held In NY Fed Vault Drops To Lowest In 21st Century After Biggest Monthly Withdrawal Since 2001
Exactly one month ago we observed that, as expected in the aftermath of the Netherlands’ shocking and still not fully-explained gold repatriation from the NY Fed, the amount of foreign earmarked gold on deposit with the Fed had just experienced a 42 ton withdrawal: the single largest outflow of gold held at the NY Fed i
29 December, 2014 by The TZ Newswire Staff Comments Off on Consumer will cover oil drag in 2015: Analysts
Consumer will cover oil drag in 2015: Analysts
While low oil prices will drive down energy earnings, a strong consumer will limit its effect on the S&P, analysts said.
29 December, 2014 by The TZ Newswire Staff Comments Off on 5 Things Frontier Communications’ Management Wants You to Know
5 Things Frontier Communications’ Management Wants You to Know
Frontier Communications had a quietly solid third quarter — with a lot of potentially big news bubbling just under the surface. Here’s what’s going on.