24 March, 2015 by The TZ Newswire Staff Comments Off on Bullard: ‘Violent reconciliation’ likely if markets misjudge rate hike plans
Bullard: ‘Violent reconciliation’ likely if markets misjudge rate hike plans
Unless markets start to believe that U.S. interest rates are on their way up there could be a “potentially violent” reaction when they actually do, Federal Reserve policymaker James Bullard said on Tuesday.
24 March, 2015 by The TZ Newswire Staff Comments Off on Here’s how $20 oil could become a reality if storage runs out
Here’s how $20 oil could become a reality if storage runs out
The basic problem is that too much oil is being pumped, and not enough is being used up. America is running out of places to store all of the excess crude.
24 March, 2015 by The TZ Newswire Staff Comments Off on GOP hits Medicaid to offset doc fee hikes
GOP hits Medicaid to offset doc fee hikes
House Republicans quietly deepened recommended budget savings from the government’s chief health care program for the poor by about $140 billion in recent weeks to offset part of the cost of higher payments …
24 March, 2015 by The TZ Newswire Staff Comments Off on Germanwings Airbus crashes in French Alps, 150 feared dead
Germanwings Airbus crashes in French Alps, 150 feared dead
An Airbus operated by Lufthansa’s Germanwings budget airline crashed in a remote snowy area of the French Alps on Tuesday and all 150 on board were feared dead. French President Francois Hollande said he believed none of those on board the A320 had survived, while the head of Lufthansa spoke of a dark day for the German airline. Germanwings confirmed its flight 4U9525 from Barcelona to Duesseldorf crashed in the French Alps with 144 passengers and six crew members on board.
24 March, 2015 by The TZ Newswire Staff Comments Off on U.S. consumer prices rebound, underlying inflation firming
U.S. consumer prices rebound, underlying inflation firming
U.S. consumer prices rebounded in February as gasoline prices rose for the first time since June, and there were also signs of an uptick in underlying inflation pressures, which could keep a June interest rate increase on the table. Signs of inflation are likely to be welcomed by Federal Reserve officials. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent last month after declining 0.7 percent in January.
24 March, 2015 by The TZ Newswire Staff Comments Off on Morgan Stanley CFO Porat leaves firm for Google
Morgan Stanley CFO Porat leaves firm for Google
Ruth Porat, CFO and executive vice president of Morgan Stanley, is leaving the Wall Street firm to join Google as CFO.
24 March, 2015 by The TZ Newswire Staff Comments Off on Stock Futures Jumpy, But Higher; Logitech Pops, Whiting Crumbles
Stock Futures Jumpy, But Higher; Logitech Pops, Whiting Crumbles
Stock futures were positive, but had turned jumpy ahead of Tuesday’s open after a healthy reading on February consumer prices. Dow futures were 33 points above fair market value. S&P 500 futures were up 3.3 points. Nasdaq 100 futures held a 10-point gain. Small caps lagged, with Russell 2000 futures trading down 1.4 points.