11 May, 2015 by The TZ Newswire Staff Comments Off on Surge In VIX Volume Reflects Huge "Interest In Owning Market Crash Protection"
Surge In VIX Volume Reflects Huge "Interest In Owning Market Crash Protection"
“I’m not sure if it’s the biggest trade ever, but it’s certainly one of them,” noted Jamie Tyrrell, a VIX specialist on the CBOE floor, as Bloomberg reports almost $100 million worth of options pegged to the volatility of US equities were traded in a split second at 1216ET today.
11 May, 2015 by The TZ Newswire Staff Comments Off on Fear of ruin as disease takes hold of Italy’s olive trees
Fear of ruin as disease takes hold of Italy’s olive trees
Italy’s olive trees are succumbing to a bacterial outbreak, causing olive oil manufacturers to fear ruin and EU officials to fear a broader outbreak. The NYT reports.
11 May, 2015 by The TZ Newswire Staff Comments Off on The Average Age Of A Minimum Wage Worker In America Is 36
The Average Age Of A Minimum Wage Worker In America Is 36
11 May, 2015 by The TZ Newswire Staff Comments Off on US judge rules Nomura misled on mortgage bonds
US judge rules Nomura misled on mortgage bonds
A U.S. judge ruled Nomura made false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac before the 2008 crisis.
11 May, 2015 by The TZ Newswire Staff Comments Off on Picasso Painting Sells For Record $180 Million In Christie’s Auction
Picasso Painting Sells For Record $180 Million In Christie’s Auction
If the Fed’s bubble busting team led by Stanley Fischer was looking for runaway inflation, it could have easily found it earlier today without any particular effort, only not in the usual CPI place, but in the price of Women of Algiers (Version O), a “vibrant, multi-hued painting” from Pablo Picasso which moments ago became the world’s most expensive artwork, selling for $179,365,000, included the house’s premium in a Christie’s auction.
11 May, 2015 by The TZ Newswire Staff Comments Off on Facebook Inc. and IBM Partner to Make Ads Even More Personal
Facebook Inc. and IBM Partner to Make Ads Even More Personal
IBM’s Cloud Marketing business is teaming up with Facebook to target ads on the social platform.
11 May, 2015 by The TZ Newswire Staff Comments Off on Chinese Saturation Reached: World’s Largest Smartphone Market Suffers First Drop In 6 Years
Chinese Saturation Reached: World’s Largest Smartphone Market Suffers First Drop In 6 Years
Less than two years ago, the number of smartphone shipments in China soared by roughly 100% year over year, rising over 80 million for the first time. Fast forward to Q1 of 2015 when according to IDC, the Chinese smartphone market – the largest in the world since 2011 when it overtook the US – has not only reached maturity but is now also fully saturated and as a result smartphone shipments suffered their first Y/Y decline, dropping 4.3% on an annual basis.