5 January, 2015 by The TZ Newswire Staff Comments Off on Behold The "Cheap Gas" Spending Surge: $1 More Per Day
Behold The "Cheap Gas" Spending Surge: $1 More Per Day
For all the endless media buzz pitching the bullish spin of plunging gas prices, namely that while crude capex spending and energy company earnings are both crashing, high-paying shale jobs are about to suffer pervasive layoffs and energy HY bonds are entering mass default territory leading to who knows what unexpected downstream effects, the average US consumer will spend substantially more to offset all the adverse side-effects of the plunging oil price. Or rather, was supposed to spend more.
5 January, 2015 by The TZ Newswire Staff Comments Off on Capitol Report: New Congress set to move quickly on Keystone pipeline bill
Capitol Report: New Congress set to move quickly on Keystone pipeline bill
The new Congress is planning to quickly debate and vote on authorizing construction of the Keystone XL oil pipeline, as President Barack Obama continues to harbor some concerns about the long-delayed project.
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5 January, 2015 by The TZ Newswire Staff Comments Off on The Tell: Some traders are betting on $20 oil
The Tell: Some traders are betting on $20 oil
How bearish are things getting in the oil market?
5 January, 2015 by The TZ Newswire Staff Comments Off on As oil breaks $50, Wall Street getting more bearish
As oil breaks $50, Wall Street getting more bearish
Wall Street is getting more bearish on the outlook for oil prices and some strategists see the market many months away from finding a floor.
5 January, 2015 by The TZ Newswire Staff Comments Off on CAT crushes the Dow; Ford, Apple get slammed
CAT crushes the Dow; Ford, Apple get slammed
Today’s trending tickers is following a big sell-off in shares of Dow Member Caterpillar, as well as disappointing monthly sales from Ford and investor skittishness around Apple shares.
5 January, 2015 by The TZ Newswire Staff Comments Off on Fed might not raise rates in 2015: Gross
Fed might not raise rates in 2015: Gross
The Federal Reserve could find itself challenged to raise U.S. interest rates this year as global growth remains sluggish and inflation subdued, closely watched bond investor Bill Gross said on Monday. …
5 January, 2015 by The TZ Newswire Staff Comments Off on BlackRock’s mutual funds see record inflows in 2014 -Morningstar
BlackRock’s mutual funds see record inflows in 2014 -Morningstar
BlackRock’s mutual funds posted record inflows in 2014 of $18.9 billion, according to data provided to Reuters by Morningstar. The last time the New York-based asset manager posted record inflows was in …