17 June, 2015 by The TZ Newswire Staff Comments Off on Did The Classic Car Bubble Just Quietly Burst?
Did The Classic Car Bubble Just Quietly Burst?
In May, Pablo Picasso’s De Women of Algiers (Version O) sold for a record $180 million at auction prompting us to remark that if the Fed’s bubble busting team led by Stanley Fischer was looking for runaway inflation, it could have easily found it without any particular effort at Christie’s.
17 June, 2015 by The TZ Newswire Staff Comments Off on GM, Fiat line up advisors in merger stand-off
GM, Fiat line up advisors in merger stand-off
After GM said it wasn’t interested in a merger with Fiat, the automakers are hiring advisors for a looming deal battle.
17 June, 2015 by The TZ Newswire Staff Comments Off on This tech underdog is going higher: Trader
This tech underdog is going higher: Trader
One trader thinks BlackBerry stock is poised to break out.
17 June, 2015 by The TZ Newswire Staff Comments Off on Market Extra: Wall Street’s most prominent banker just died
Market Extra: Wall Street’s most prominent banker just died
J.P. Morgan Chase has lost one of its most important bankers. The giant global bank said that Vice Chairman James Bainbridge Lee died unexpectedly Wednesday morning.
17 June, 2015 by The TZ Newswire Staff Comments Off on California Labor Commission Pops The Uber Bubble, Says Workers Are Employees
California Labor Commission Pops The Uber Bubble, Says Workers Are Employees
Submitted by Daniel Drew of Dark Bid
California Labor Commission Pops The Uber Bubble, Says Workers Are Employees
17 June, 2015 by The TZ Newswire Staff Comments Off on Labor case won’t help Uber’s driver of the future
Labor case won’t help Uber’s driver of the future
A California decision that Uber drivers are “employees” won’t matter once self-driving cars become reality.
17 June, 2015 by The TZ Newswire Staff Comments Off on Interest Rate Hike: Stocks Poised To Benefit
Interest Rate Hike: Stocks Poised To Benefit
The prospect of the Federal Reserve raising short-term interest rates has been intoxicating for some investors. It’s been a high especially for financial services investors. Financial mutual funds led all sectors in the two weeks ended June 11, the most recent weeks for which Lipper Inc. has complete data. The Fed signaled on Wednesday that it’s on track to raise rates by year-end.