10 April, 2015 by The TZ Newswire Staff Comments Off on Stock buyback zeal undimmed by prospects for Fed rate hike
Stock buyback zeal undimmed by prospects for Fed rate hike
The seemingly insatiable appetite of companies for their own stock is unlikely to be satisfied soon, even if the U.S. Federal Reserve begins to hike benchmark interest rates and shares get pricier. Buybacks may lift earnings per share of companies in the Standard & Poor’s 500 index by between 1.5 and 2 percentage points this year, according to estimates from Voya Investment Management in New York. With earnings estimates now calling for 1.5 percent growth for all of 2015, buybacks could make the difference between positive and negative growth in S&P 500 EPS.
10 April, 2015 by The TZ Newswire Staff Comments Off on Chinese Economy "A Lot Worse Than You Think," Bloomberg Says
Chinese Economy "A Lot Worse Than You Think," Bloomberg Says
Meanwhile, in China, things are “a lot worse than you think,” says Bloomberg metals analyst Kenneth Hoffman who recently visited the country to assess the outlook for metals demand. This doesn’t exactly come as a surprise.
10 April, 2015 by The TZ Newswire Staff Comments Off on White House Admits, US States Need To Be Better Prepared For Fiscal Volatility
White House Admits, US States Need To Be Better Prepared For Fiscal Volatility
“What the Great Recession has shown is that things have fundamentally changed,” The White House warned this week and, as Bloomberg reports, states would have to cut spending or raise revenue by a combined $21 billion in the event of a recession, further exacerbating economic weakness, Moody’s Analytics found in a stress test of state finances.
10 April, 2015 by The TZ Newswire Staff Comments Off on Here’s What’s Killing the American Dream
Here’s What’s Killing the American Dream
Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichter
First-time homebuyers, the bedrock of a healthy sustainable housing market, are still largely missing in action. In February, they accounted for 29% of all homebuyers. But in the long-term data going back to 1981, according to the NAR, first-time buyers accounted for 40% of all purchases. And that’s a problem for the economy.
10 April, 2015 by The TZ Newswire Staff Comments Off on Apple Watch sells out fast, and not because of strong demand
Apple Watch sells out fast, and not because of strong demand
Piper Jaffray says its study of lead times for Apple Watch deliveries suggests the quick, initial sellout was a result of limited supply rather than strong demand.
10 April, 2015 by The TZ Newswire Staff Comments Off on Japan QE Limit Approaching As Goldman Says BoJ Risks Losing Crediblity
Japan QE Limit Approaching As Goldman Says BoJ Risks Losing Crediblity
As the BoJ continues to widen the gap between Japan’s haves and have-nots with its JGB monetization frenzy and multi-trillion yen foray into Japanese equity markets, and with the now unfabricated wage growth data from 2014 suggesting Abe’s “strategy” whereby wage growth begets economic growth which in turn begets confidence either isn’t working very well or never existed in the fi
10 April, 2015 by The TZ Newswire Staff Comments Off on 40 Mindless Ways You’re Burning Through Your Paycheck
40 Mindless Ways You’re Burning Through Your Paycheck
Think before you spend.