14 January, 2015 by The TZ Newswire Staff Comments Off on U.S. crude futures soar 5% in late action, shed weekly loss
U.S. crude futures soar 5% in late action, shed weekly loss
By Samantha Sunne NEW YORK (Reuters) – Brent crude oil prices dipped on Wednesday, threatening to touch new six-year lows after an unexpected big rise in U.S. crude and fuel inventories and a dimmer view of world economic growth next year. U.S. crude prices gained despite the stockbuild, threatening to once again reach parity to the European marker as dealers bid for barrels to put into storage, taking advantage of a widening gap between depressed short-term prices and higher longer-term ones. …
14 January, 2015 by The TZ Newswire Staff Comments Off on 4 reasons Buffett should fear oil’s plunge
4 reasons Buffett should fear oil’s plunge
The last time oil plunged below $50 a barrel, Warren Buffett issued a mea culpa. He had purchased billions of dollars of ConocoPhillips stock near its peak in 2008 and then watched the energy producer’s …
14 January, 2015 by The TZ Newswire Staff Comments Off on Why Tesla’s Elon Musk is begging other carmakers to go electric
Why Tesla’s Elon Musk is begging other carmakers to go electric
The upstart automaker needs its big competitors in ways it will never admit.
14 January, 2015 by The TZ Newswire Staff Comments Off on It’s only logical; NGDPT is the next big thing
It’s only logical; NGDPT is the next big thing
Let’s filter out the noise and look at three big turning points:
1. The 1930s: A deep and prolonged deflation from 1929 to 1933 was associated with sharply higher unemployment. Economists drew the conclusion that policymakers needed to err on the side of expansionary policies, to prevent a repeat of the Great Depression. They did. And it worked.
14 January, 2015 by The TZ Newswire Staff Comments Off on Economic Report: Fed’s Beige Book shows concern over consumer spending and slumping oil
Economic Report: Fed’s Beige Book shows concern over consumer spending and slumping oil
The Federal Reserve’s business contacts reported some of the same worries about consumer spending and the impact of oil on parts of the U.S.
14 January, 2015 by The TZ Newswire Staff Comments Off on SAC Capital Alum Learns From The Mistakes Of You Know Who
SAC Capital Alum Learns From The Mistakes Of You Know Who
Former SAC Capital Advisors LP chief operating officer Solomon “Sol” Kumin is close to lift off with the launch of a roughly $1 billion hedge fund. Mr. Kumin’s Folger Hill Asset Management LLC has raised about $1 billion as it looks to start trading in March, a person familiar with the firm said. His new…
14 January, 2015 by The TZ Newswire Staff Comments Off on The $5 million bet against the S&P 500
The $5 million bet against the S&P 500
One trader is staking big money on a significant decline for stocks over the next seven sessions.