12 May, 2015 by The TZ Newswire Staff Comments Off on Goldman Fears Crude Oil’s Self-Defeating Rally
Goldman Fears Crude Oil’s Self-Defeating Rally
Market rebalancing derailed by price rally…
The oil market rebalancing has started: weak prices in 1Q15 pushed producers to cut capex while supporting demand. This led to a recovery in prices further fueled by relief that US crude stocks would not breach capacity, strong demand and rising Middle East tensions. The rise in prices was further supported by oil screening as cheap relative to E&P equities, drawing cross-asset investors into buying crude.
12 May, 2015 by The TZ Newswire Staff Comments Off on SF Fed President Williams says first rate hike likely ‘later this year’
SF Fed President Williams says first rate hike likely ‘later this year’
San Francisco Fed chief John Williams tells Yahoo Finance he expects the central bank to hike rates this year despite a cool first quarter for the U.S. economy.
12 May, 2015 by The TZ Newswire Staff Comments Off on Don’t expect ‘rate riot’: Nouriel Roubini
Don’t expect ‘rate riot’: Nouriel Roubini
Don’t expect a repeat of the taper tantrum because the Fed has already telegraphed what it is going to do, economist Nouriel Roubini said.
12 May, 2015 by The TZ Newswire Staff Comments Off on Moody’s slices Chicago debt rating to junk amid swelling pension burden
Moody’s slices Chicago debt rating to junk amid swelling pension burden
Moody’s Investors Service on Tuesday pushed Chicago’s credit rating into the “junk” category, citing limited options for easing the city’s growing unfunded pension liability in the wake of a court ruling last week. The downgrade of ratings on Chicago’s $8.1 billion of general obligation and some city revenue debt could trigger up to $2.2 billion in accelerated payments on that debt, according to Moody’s.
12 May, 2015 by The TZ Newswire Staff Comments Off on How Chicago has used financial engineering to paper over its massive budget gap
How Chicago has used financial engineering to paper over its massive budget gap
This article explains that the City of Chicago has concealed how it has dealt with its budget gap over the past decade. The city failed to cut its recurring expenditures to match its recurring revenues after it blew through its reserve funds. Instead, two administrations have:
12 May, 2015 by The TZ Newswire Staff Comments Off on The Largest Retailer in History: How Walmart Sales Reached $500 Billion
The Largest Retailer in History: How Walmart Sales Reached $500 Billion
Wal-Mart is miles ahead of any other company in sales — here is a look at the story behind that $486 billion and where the company is going.
12 May, 2015 by The TZ Newswire Staff Comments Off on Treasuries Recover A Bit; Value Seen After Sell-Off
Treasuries Recover A Bit; Value Seen After Sell-Off
Treasuries rose Tuesday, recovering from an overnight sell-off as the U.S. government’s auction of three-year notes demonstrated there’s no buyer’s strike in the bond market. A $24 billion three-year-note auction drew the strongest bidding since 2009 from a group of investors that includes foreign central banks after a global bond rout wiped out more than $450 billion of value.