12 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Verizon Wireless, Sprint to pay $158 million to settle cramming allegations
The Wall Street Journal: Verizon Wireless, Sprint to pay $158 million to settle cramming allegations
Verizon Wireless, Sprint to pay $158 million to settle allegations of cramming, in which they billed consumers for unauthorized text messaging services.
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12 May, 2015 by The TZ Newswire Staff Comments Off on Central Banks Drop An Anvil On Bond Shorts In Today’s 3 Year Auction
Central Banks Drop An Anvil On Bond Shorts In Today’s 3 Year Auction
Earlier today, there was once again a massive scarcity of 3 Year underlying paper, when as the SMRA charts below show, the bond was trading the most negative in repo it has been since September: at a -1.68% rate, everyone was rushing to short ahead of today’s 3 Year auction.
12 May, 2015 by The TZ Newswire Staff Comments Off on The Tell: Here’s how Uber could stand in way of a Fed rate hike
The Tell: Here’s how Uber could stand in way of a Fed rate hike
Central banks won’t be able to use rising inflation as an argument to raise interest rates, says Mark Mobius.
12 May, 2015 by The TZ Newswire Staff Comments Off on Global oil demand expectations rise: OPEC
Global oil demand expectations rise: OPEC
In a monthly report released Tuesday, OPEC raised its 2015 global demand growth forecast to 1.18 million barrels per day.
12 May, 2015 by The TZ Newswire Staff Comments Off on Wage growth may be on tap as more Americans quit jobs
Wage growth may be on tap as more Americans quit jobs
Americans are becoming more apt to quit their jobs, a government report showed on Tuesday, a sign that a stronger labor market and falling unemployment rate could result in healthier wage growth and inflation. Both wages and inflation tend to follow a rise in the quit rate by a couple of quarters, research from the Chicago Federal Reserve Bank shows. “Once the quit rate gets back to its pre-recession level, we could expect wage growth to be back to pre-recession levels within 6-12 months,” said Jason Faberman, a Chicago Fed researcher who co-authored the study.
12 May, 2015 by The TZ Newswire Staff Comments Off on Steroids for cattle causing sex changes in fish
Steroids for cattle causing sex changes in fish
Potent hormones used in livestock farming are sticking around in the environment far longer than previously believed.
12 May, 2015 by The TZ Newswire Staff Comments Off on Time for the Fed to test the rate-hike waters?
Time for the Fed to test the rate-hike waters?
The economic environment is changing and it could be time for the Fed to test the rate-hike waters, says Ron Insana.