23 March, 2015 by The TZ Newswire Staff Comments Off on Oil Rises 1.9% As Dollar’s Drop Boosts Appeal
Oil Rises 1.9% As Dollar’s Drop Boosts Appeal
Crude advanced as a weaker dollar made commodities priced in the U.S. currency more attractive to investors. Futures climbed 1.9% in New York and 1.1% in London. The dollar dropped against all but one of its 16 major counterparts, extending last week’s fall, which was the biggest in three years, as the Federal Reserve damped the outlook for higher rates.
23 March, 2015 by The TZ Newswire Staff Comments Off on 4 Lessons From Astro Teller, Google’s "Moonshot Factory" Captain
4 Lessons From Astro Teller, Google’s "Moonshot Factory" Captain
23 March, 2015 by The TZ Newswire Staff Comments Off on Gold ETFs Rally On Fed Move; New Fund Hedges Currency Risk
Gold ETFs Rally On Fed Move; New Fund Hedges Currency Risk
Exchange traded funds holding the beleaguered bullion surged late last week on dovish Fed signals. With an imminent rate hike all but ruled out, the largest ETF tracking the yellow metal, SDPR Gold Shares (GLD), popped 2% in Wednesday trade. It’s risen further since. “The biggest thing that impacts gold in dollar terms is interest rates,” says gold expert Frank Holmes, CEO of U.S. Global Investors.
23 March, 2015 by The TZ Newswire Staff Comments Off on Keeping Greece in the euro: Mission impossible?
Keeping Greece in the euro: Mission impossible?
The make-or-break moment in the long running saga over Greece’s debt is looming. Will the embattled country remain in the eurozone?
23 March, 2015 by The TZ Newswire Staff Comments Off on U.S. oil rallies as dollar falls, rig count dips
U.S. oil rallies as dollar falls, rig count dips
Oil prices rose Monday as the attractiveness of a weaker dollar offset news of higher crude production by Saudi Arabia. The US benchmark, West Texas Intermediate for May delivery, closed 88 cents higher at $47.45 a barrel. In London, Brent North Sea crude for May added 60 cents, settling at $55.92 a barrel. “A further decline in the US dollar index is supporting a wider round of buying across the global commodity space, with crude oil attracting some share,” said Tim Evans of Citi Futures.
23 March, 2015 by The TZ Newswire Staff Comments Off on Here’s what’s behind the strange Herbalife rally
Here’s what’s behind the strange Herbalife rally
The company appears to be redoubling its efforts to combat Bill Ackman.
23 March, 2015 by The TZ Newswire Staff Comments Off on Twitter Gets Its House In Order, Vies For Breakout
Twitter Gets Its House In Order, Vies For Breakout
It hasn’t all been a bed of roses for Twitter (TWTR) since its IPO in November 2013, but judging by its recent chart action, the Street seems optimistic that CEO Dick Costolo has the company on the right path after a recent management shakeup. After a nasty sell-off in 2014 that saw the microblog correct 60% off its high, Twitter is currently working on a cup-with-handle base with a 50.11 buy point.