30 June, 2015 by The TZ Newswire Staff Comments Off on The world’s richest people lost $70 billion yesterday
The world’s richest people lost $70 billion yesterday
Nigerian billionaire Aliko Dangote, Africa’s richest person and the world’s 59th-richest, was one of only 12 billionaires among the 400 to increase their fortunes on the day, rising $180 million to $15.3 billion. The collective decline for the billionaires amounted to a fall of more than 1.5 percent. The combined loss is more than the market capitalization of Ford Motor Co. or Twenty-First Century Fox Inc. The S&P fell 2.1 percent on the day and the NASDAQ dropped 2.4 percent.
30 June, 2015 by The TZ Newswire Staff Comments Off on The Latest: Greece lists banks to open for pensioners
The Latest: Greece lists banks to open for pensioners
The latest news on Greece’s financial woes on a day a big repayment to the International Monetary Fund is due and the country’s bailout program with European creditors ends (all times local): ___ 4.30 …
30 June, 2015 by The TZ Newswire Staff Comments Off on US home prices climbing steadily amid stronger demand
US home prices climbing steadily amid stronger demand
U.S. home prices increased at a solid clip in April, led by double-digit jumps in Denver and San Francisco. The Standard & Poor’s/Case-Shiller 20-city home price index rose 4.9 percent in April from 12 …
30 June, 2015 by The TZ Newswire Staff Comments Off on More trouble ahead for stocks: Dennis Gartman
More trouble ahead for stocks: Dennis Gartman
Dennis Gartman of “The Gartman Letter” says the Greek drama could present more trouble for stocks going forward.
30 June, 2015 by The TZ Newswire Staff Comments Off on Does Exchange Fragmentation Really Hurt the Equity Market?
Does Exchange Fragmentation Really Hurt the Equity Market?
In today’s commentary, RegOne’s David Weisberger looks back at the “good old days” when there were two exchanges were not necessarily that good and, despite the fear of the unknown, technology and venue competition generally lead to progress.
30 June, 2015 by The TZ Newswire Staff Comments Off on Bond Report: Treasury yields edge higher as Greek saga unfolds
Bond Report: Treasury yields edge higher as Greek saga unfolds
Treasury yields edge higher Tuesday, as the market recovers some steady footing after Monday’s flight-to-safety rally fueled by fears of an imminent Greek default.
30 June, 2015 by The TZ Newswire Staff Comments Off on Puerto Rico more important than Greece: Cramer
Puerto Rico more important than Greece: Cramer
CNBC’s Jim Cramer explains why the Puerto Rico situation is more important than Greece or China.