6 March, 2015 by The TZ Newswire Staff Comments Off on JPM Cuts Q1 GDP: Warns "Here We Go Again" As "It Is Feeling Eerily Like Q1 Of Last Year"
JPM Cuts Q1 GDP: Warns "Here We Go Again" As "It Is Feeling Eerily Like Q1 Of Last Year"
Three days ago we revealed what we dubbed a “GDP Shocker: Atlanta Fed Calculates Q1 Growth Of Only 1.2%“, which as we clarified the next day showing the spreadsheet used by the Fed, is based almost entirely but not exclusively on the collapse in energy capex and its resultant adverse impact on non-residential construction (in addition to a drop in consumption and trade).
6 March, 2015 by The TZ Newswire Staff Comments Off on Stocks Near Lows In Afternoon, But Banks Defy Sell-Off
Stocks Near Lows In Afternoon, But Banks Defy Sell-Off
Stocks were at new lows with an hour to go Friday, as a better-than-expected jobs report raised expectations that the Federal Reserve will boost interest rates soon. The Dow Jones industrial average fell 1.5%, the S&P 500 dropped 1.3% and the Nasdaq was down 1%. Volume rose, jumping 31% on the NYSE and 7% on the Nasdaq compared to the same time Thursday.
6 March, 2015 by The TZ Newswire Staff Comments Off on Nasdaq Price Pilot Causes Its Market Share to Decrease: ITG Report
Nasdaq Price Pilot Causes Its Market Share to Decrease: ITG Report
The law of unintended consequences is hitting NasdaqOMX- right where it hurts in the volume basket. How? By its own hand and the recently enacted price pilot program designed to boost trading on the exchanges.
6 March, 2015 by The TZ Newswire Staff Comments Off on Restaurants and bars drove US job growth in February
Restaurants and bars drove US job growth in February
It’s been an extended happy hour at U.S. bars and restaurants, which led hiring gains last month by adding 58,700 jobs in February.
6 March, 2015 by The TZ Newswire Staff Comments Off on Lew tells Congress of emergency measures to avoid debt limit
Lew tells Congress of emergency measures to avoid debt limit
Treasury Secretary Jacob Lew told Congress on Friday that he will start using the package of emergency measures he has used in the past to keep the federal government from going over the debt limit next …
6 March, 2015 by The TZ Newswire Staff Comments Off on Oil falls as dollar spikes on US jobs data and rate hike fears
Oil falls as dollar spikes on US jobs data and rate hike fears
By Barani Krishnan NEW YORK (Reuters) – Oil fell on Friday as the dollar surged on bets of a near-term rate hike from strong U.S. jobs growth, offsetting an early run up in crude prices on worries about Libyan and Iraq supplies. Many U.S. Federal Reserve officials consider that to be full employment, and the central bank could decide on an interest rate hike in June. “That said, the bottom side in oil is still being protected by the situation in Libya and Iraq, and upcoming oil rig data,” Flynn added. Brent reached above $61 and U.S.
6 March, 2015 by The TZ Newswire Staff Comments Off on Strong jobs just reset Fed rate clock: Jim Paulsen
Strong jobs just reset Fed rate clock: Jim Paulsen
A June rate hike by the Fed is looking more likely again, market watcher Jim Paulsen tells CNBC shortly after the much stronger-than-expected jobs report.