19 May, 2015 by The TZ Newswire Staff Comments Off on Take-Two Earnings Power Gaming Software Makers
Take-Two Earnings Power Gaming Software Makers
Gaming software stocks were Tuesday’s top-performing industry group, up solidly on the back of a stellar earnings report from Take-Two Interactive (TTWO), which gapped up on monster volume. The industry group is up more than 20% year to date and is ranked No. 4 out of 197 groups. Take-Two reported fiscal Q4 EPS of 49 cents a share, well ahead of estimates of 28 cents.
19 May, 2015 by The TZ Newswire Staff Comments Off on This Is How Totally Over-the-Top Crazy San Francisco’s Housing Boom Really Is
This Is How Totally Over-the-Top Crazy San Francisco’s Housing Boom Really Is
Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichter
In San Francisco, a boom is always associated with its essential counterpart, the bust. They’re as typical to the city as sun and fog. And currently, the city is in one heck of a housing boom, but the national indices don’t quite do justice to how over-the-top mind-blowing crazy the situation has gotten.
19 May, 2015 by The TZ Newswire Staff Comments Off on Write-Offs: 5.19.15
Write-Offs: 5.19.15
Icahn scores $3.4 billion on Apple; NFL player’s wife files suit against boss who asked her how many cheerleaders her husband banged, among other things; 6 charged with economic spying; “Korean teacher ate hamster to show ‘how dear life is'”; and more.
19 May, 2015 by The TZ Newswire Staff Comments Off on What Is Kevin Spacey’s Net Worth?
What Is Kevin Spacey’s Net Worth?
The actor has scored the payday of his career with House of Cards.
19 May, 2015 by The TZ Newswire Staff Comments Off on Takata doubling U.S. recall for defective air bags to 34 million vehicles
Takata doubling U.S. recall for defective air bags to 34 million vehicles
Japanese air bag manufacturer Takata Corp (7312.T) has agreed to declare nearly 34 million vehicles defective due to problems with air bag inflators, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday. The recall, which still does not identify the reason why the problem is occurring, involves passenger and driver-side air bags in vehicles made by 11 automakers.
19 May, 2015 by The TZ Newswire Staff Comments Off on Economy’s weak spell puts Fed at crossroads over liftoff plans
Economy’s weak spell puts Fed at crossroads over liftoff plans
The Federal Reserve’s plan to raise interest rates this year, forged over months of strong jobs growth and a seemingly durable expansion, now faces an economy that no longer follows the script and may push the “liftoff” far into the future. The world’s largest economy slowed to a crawl in the first quarter and may actually have contracted. Lackluster retail sales and investment, sagging consumer confidence, a ballooning trade deficit and stagnant industrial output have all cast doubt over the central bank’s plans.
19 May, 2015 by The TZ Newswire Staff Comments Off on A Cashless Society?
A Cashless Society?
Submitted by Erico Matias Tavares via Sinclair & Co.,
Calls by various mainstream economists to ban cash transactions seem to be getting ever more louder.
Bills and coins account for about 10% of M2 monetary aggregates (currency plus very liquid bank deposits) in the US and the Eurozone. Presumably the goal of this policy is to bring this percentage down to zero. In other words, eliminate your right to keep your purchasing power in paper currency.