24 June, 2015 by The TZ Newswire Staff Comments Off on Ikea raises minimum wage for US workers 2nd year in a row
Ikea raises minimum wage for US workers 2nd year in a row
Ikea’s U.S division is raising the minimum wage for the second year in a row as the Swedish ready-to-assemble furniture chain looks to improve its relations with workers and reduce worker turnover. Starting …
24 June, 2015 by The TZ Newswire Staff Comments Off on U.S. first-quarter GDP revised to show slight contraction
U.S. first-quarter GDP revised to show slight contraction
A fairly stronger pace of consumer spending than previously estimated accounted for much of the upward revision. Consumer spending, which accounts for more than two thirds of U.S. economic activity, was revised up to 2.1 percent growth pace from the 1.8 percent rate reported last month. With personal savings increasing at a robust $720.2 billion pace, consumer spending could accelerate in the second quarter.
24 June, 2015 by The TZ Newswire Staff Comments Off on Greek freak out; GDP in focus; Ikea boosts wages
Greek freak out; GDP in focus; Ikea boosts wages
Now it’s a Greek freak out. Stocks falling on word creditors have nixed the latest proposal by Greece to deal with its financial woes. Plus, did the U.S. economy stumble as much as we thought in the first quarter? We’ll find out in moments when the government releases the final report on GDP. And building a better workforce. Ikea boosts pay after seeing higher salaries improved business.
24 June, 2015 by The TZ Newswire Staff Comments Off on Slide Show: 5 charts show how index investing is beating stock-picking
Slide Show: 5 charts show how index investing is beating stock-picking
One of the investing world’s big changes in this millennium is all that money rushing into index funds—instead of funds run by stock pickers.
24 June, 2015 by The TZ Newswire Staff Comments Off on Opening Bell: 6.24.15
Opening Bell: 6.24.15
UBS rogue trader freed; Greece on a deadline; SoulCyle to IPO; The Canadian Hamptons; Hedge fund gains; “…the groom reportedly challenged police to fight before being subdued and charged with disorderly conduct”; and more.
24 June, 2015 by The TZ Newswire Staff Comments Off on Capitol Report: SEC reportedly chasing hackers looking to conduct insider trading
Capitol Report: SEC reportedly chasing hackers looking to conduct insider trading
SEC searching for hackers stealing inside info; ETF funds worried about more SEC scrutiny; U.S.
24 June, 2015 by The TZ Newswire Staff Comments Off on Putin Strikes Back: Cuts Ukraine Gas Discount
Putin Strikes Back: Cuts Ukraine Gas Discount
We had wondered at the relative lack of response by Russia to extended sanctions and asset freezes in Europe and now we see the first major move. Having confirmed new counter-sanctions this morning, Russian President Vladimir Putin just threw The IMF (US taxpayers), and Ukraine’s ‘American’ finance minister under the bus…
“Moscow can no longer give Ukraine gas discounts due to the current drop in oil prices.”