The Traderszone Network

Little-known business-development companies pay high dividends even as interest rates remain near historic lows, says Phil van Doorn.
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As the back half of May unfolds, a large majority of Wall Street play callers are projecting that September will see the first Fed rate hike. Too cozy a consensus?

Goldman Sachs slashed its crude oil price forecasts for 2016 to 2020, citing improved U.S. shale efficiency meeting global oil demand, coupled with unimpeded OPEC productivity.

Greece’s government will pay public-sector wages and pensions in May but needs an agreement with creditors by the end of the month, its spokesman said on Monday, amid growing fears the country is on the verge of bankruptcy. Without aid or access to debt markets, Athens is close to running out of money – it had to empty an International Monetary Fund reserves account to make a debt payment to the IMF last week. Investors dumped Greek stocks and bonds on Monday over worries Athens could miss a payment due next month.

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* The National Association of Homebuilders is likely to report that its homebuilders confidence index ticked up to 57 in May from 56 in April. * The Federal Reserve could look at a rate hike in June if the economy is strong enough, Chicago Fed President Charles Evans said, although he argued for rates to start rising in early 2016.

Altera’s shares jumped 7 percent to $47.50 in premarket trading on Monday, while Intel’s shares were up slightly at $33.15. Intel and Altera could not immediately be reached for comment. Deal talks between the two companies first surfaced in March and media reports suggested that a potential deal could top $10 billion, making it Intel’s biggest acquisition ever.