18 May, 2015 by The TZ Newswire Staff Comments Off on Stocks Grab Mild Gains; Skyworks, Qorvo Break Out
Stocks Grab Mild Gains; Skyworks, Qorvo Break Out
Stocks were modestly higher Monday afternoon despite lackluster housing data and worries over Greece. The tech-heavy Nasdaq led with a 0.4% gain. Chips and cybersecurity stocks were strong. The S&P 500 rose 0.2%, while the Dow Jones industrial average edged up 0.1%. Both hit fresh all-time highs. Volume was running lower on both major exchanges from the same time Friday. Trade was especially soft on the NYSE.
18 May, 2015 by The TZ Newswire Staff Comments Off on Top tech investor loses two executives
Top tech investor loses two executives
A high-flying private investment firm known for its prescient bets on tech is losing two of its top executives.
18 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Fed clash over seasonal adjustment impact on GDP numbers
The Wall Street Journal: Fed clash over seasonal adjustment impact on GDP numbers
Economists at the Federal Reserve Bank of San Francisco argue in a new paper that issues with seasonal adjustments in the official growth statistics are depressing winter figures.
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18 May, 2015 by The TZ Newswire Staff Comments Off on Why Central Banks HATE Cash and Will Begin to Tax It Shortly
Why Central Banks HATE Cash and Will Begin to Tax It Shortly
Cash is a MAJOR problem for the Central Banks
The reason for this concerns the actual structure of the financial system. As I’ve outlined previously, that structure is as follows:
1) The total currency (actual cash in the form of bills and coins) in the US financial system is a little over $1.36 trillion.
2) When you include digital money sitting in short-term accounts and long-term accounts then you’re talking about roughly $10 trillion in “money” in the financial system.
18 May, 2015 by The TZ Newswire Staff Comments Off on Portfolio manager: I hope Icahn’s right about Apple
Portfolio manager: I hope Icahn’s right about Apple
Gavin Baker said he hopes Carl Icahn’s bullish call on Apple turns out to be correct, and here’s why.
18 May, 2015 by The TZ Newswire Staff Comments Off on SINA Keeps Fighting as Weibo Worries Emerge
SINA Keeps Fighting as Weibo Worries Emerge
SINA’s recent rebound could come to a halt if investors get scared about Weibo’s future contributions to growth.
18 May, 2015 by The TZ Newswire Staff Comments Off on Welcome to the Web domain rush: Dot-com to .pizza
Welcome to the Web domain rush: Dot-com to .pizza
The Web’s virtual real estate market is open. In a move away from .com, sites are snapping up new domains like .training.