22 May, 2015 by The TZ Newswire Staff Comments Off on Yellen tone suggests choppiness for markets ahead
Yellen tone suggests choppiness for markets ahead
U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks. Fed Chair Janet Yellen on Friday said she expected the U.S. central bank to raise rates in 2015, though the process was expected to be gradual, with the timing of the first hike dependent on the strength of economic data. Yellen’s comments kept the likelihood of a September rate increase high.
22 May, 2015 by The TZ Newswire Staff Comments Off on Coping With Rate-Rise Fears
Coping With Rate-Rise Fears
One strategist suggests buying puts on the Standard & Poor’s 500 if rates rise in the absence of growth.
22 May, 2015 by The TZ Newswire Staff Comments Off on Robo Advisors Take On Wall Street
Robo Advisors Take On Wall Street
Technology is transforming the insular world of financial advice. That’s good news for investors.
22 May, 2015 by The TZ Newswire Staff Comments Off on Justice Department finds criminal wrongdoing in GM ignition switch defect: NYT
Justice Department finds criminal wrongdoing in GM ignition switch defect: NYT
U.S. Justice Department investigators have identified criminal wrongdoing in General Motors Co’s failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record …
22 May, 2015 by The TZ Newswire Staff Comments Off on For Today’s Investors: Ignorance Is Not Bliss – It Is Oblivion
For Today’s Investors: Ignorance Is Not Bliss – It Is Oblivion
Submitted by Tim Price via The Cobden Centre,
“We’re not gonna make it, are we ? People, I mean.”
“It is in your nature to destroy yourselves.”
“Yeah. Major drag, huh ?”
From James Cameron’s ‘Terminator 2: Judgment Day’.
22 May, 2015 by The TZ Newswire Staff Comments Off on Why NCUA Insurance Should Matter to You
Why NCUA Insurance Should Matter to You
Look for the NCUA label when selecting a credit union.
22 May, 2015 by The TZ Newswire Staff Comments Off on Junk-Rated Chicago Has A Billion Dollar Pension Problem
Junk-Rated Chicago Has A Billion Dollar Pension Problem
Last week, Chicago got some bad news from Moody’s. On the heels of an Illinois Supreme Court decision that struck down a pension reform law, the ratings agency cut the city to junk status, triggering some $2.2 billion in accelerated payment rights for the city’s creditors and complicating Mayor Rahm Emanuel’s efforts to refinance nearly a billion in floating rate notes and borrow another $200 million to pay off the accompanying swaps.