5 June, 2015 by The TZ Newswire Staff Comments Off on OPEC oil ministers meet, likely to maintain output targets
OPEC oil ministers meet, likely to maintain output targets
Defying OPEC attempts to project unity, Iran and Saudi Arabia went into a meeting of the 12-nation cartel Friday declaring that they would not cede authority to the organization over how much oil they …
5 June, 2015 by The TZ Newswire Staff Comments Off on Greece postpones IMF payment; snap elections possible
Greece postpones IMF payment; snap elections possible
Greece delayed repayment of an IMF loan on Friday and a deputy minister said the government might call snap elections if its creditors do not soften their terms, an option that an opinion poll showed four of ten Greeks support. Raising the stakes in its acrimonious negotiations with international creditors, Greece has decided to postpone payment of the 300 million euro ($338 million) loan — a highly unusual step, but one that does not yet signal a formal default.
5 June, 2015 by The TZ Newswire Staff Comments Off on Rex Nutting: The dollar is the biggest enemy of the U.S. economy
Rex Nutting: The dollar is the biggest enemy of the U.S. economy
Exports have cratered, profits are down and the Fed is worried, says Rex Nutting.
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5 June, 2015 by The TZ Newswire Staff Comments Off on China blasts ‘irresponsible’ US over breach charge
China blasts ‘irresponsible’ US over breach charge
China accused the U.S. of making “groundless accusations” in blaming Chinese hackers for what could be the biggest cyberattack in U.S. history.
5 June, 2015 by The TZ Newswire Staff Comments Off on Need to Know: Unnerving end to the week could finally break stock logjam
Need to Know: Unnerving end to the week could finally break stock logjam
That elusive new high on the Nasdaq has been dangling in front of us for a while now.
5 June, 2015 by The TZ Newswire Staff Comments Off on Market Snapshot: U.S. stock futures tilt lower as Wall Street waits for jobs data
Market Snapshot: U.S. stock futures tilt lower as Wall Street waits for jobs data
Stock futures hold to tight ranges as jobs data looms, while European stocks struggle and an OPEC meeting gets under way.
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5 June, 2015 by The TZ Newswire Staff Comments Off on What Wall Street Expects From Today’s Payrolls Number, And Why It May Be Overly Optimistic
What Wall Street Expects From Today’s Payrolls Number, And Why It May Be Overly Optimistic
The most important not yet double seasonally-adjusted economic datapoint is upon us: in 90 minutes the BLS will report the May payrolls number which consensus expects to rise by 225K, (range of 140K to 305K), barely unchanged from April’s 223K. The meaningless unemployment rate is expected to remain unchanged at 5.4%, even as the number of people not in the labor force likely will rise to a new record high.