20 March, 2015 by The TZ Newswire Staff Comments Off on "Market Is Hyper Overpriced" Warns Retiring Fed President; "Significiant Correction" Coming
"Market Is Hyper Overpriced" Warns Retiring Fed President; "Significiant Correction" Coming
Fresh from a well-publicized dollar dispute with Goldman’s Gary Cohn, recently retired Dallas Fed chief Richard Fisher made an appearance on CNBC Friday and spoke with Rick Santelli. There were quite a number of notable exchanges including the following zingers..
Santelli: “If you had to rate the US economy 0-10 where would you peg it?”
20 March, 2015 by The TZ Newswire Staff Comments Off on Stocks Hold Near Day’s Highs; Nike Breaks Out
Stocks Hold Near Day’s Highs; Nike Breaks Out
Stocks stayed near their best levels of the session Friday afternoon amid a lower dollar and some better-than-expected earnings reports. The S&P 500 and the Dow Jones industrial average rallied 1.1% each. Meanwhile, the Nasdaq climbed 0.9% to its best levels in nearly 15 years. Volume was tracking sharply higher across the board in the stock market today due to quadruple witching.
20 March, 2015 by The TZ Newswire Staff Comments Off on Sec. Lew: Strong dollar good
Sec. Lew: Strong dollar good
CNBC’s Sara Eisen reports Treasury Secretary Jack Lew is saying the strong dollar is a good thing. Insight to Yellen’s view, along with corporate America.
20 March, 2015 by The TZ Newswire Staff Comments Off on Steel hit by strong dollar
Steel hit by strong dollar
Analysts expect another tough year for the steel industry, reports CNBC’s Morgan Brennan.
20 March, 2015 by The TZ Newswire Staff Comments Off on U.S. sets first major fracking rules on federal lands
U.S. sets first major fracking rules on federal lands
The Obama administration on Friday unveiled its first major standards for oil companies that frack on federal lands, including beefed-up safety measures to protect groundwater, prompting industry complaints they will be a barrier to growth. The rules require energy companies to reinforce boreholes and otherwise prevent leakage and provide data on the cocktail of chemicals that helps extract crude oil and gas out of the ground. Hydraulic fracturing, or fracking, a controversial process that involves pumping water, sand and chemicals into a well to extract oil or gas.
20 March, 2015 by The TZ Newswire Staff Comments Off on Aequitas Neo Exchange Names Designated Market Makers
Aequitas Neo Exchange Names Designated Market Makers
In preparation for its expected opening later this month, Canada’s newest stock exchange has named several top tier brokers that will be assisting traders making markets in securities.
20 March, 2015 by The TZ Newswire Staff Comments Off on Feds unveil first set of fracking rules
Feds unveil first set of fracking rules
The federal government unveiled the first mandates for fracking operations on federal and Indian lands on Friday.