22 July, 2015 by The TZ Newswire Staff Comments Off on WTI below $50 as US crude stocks unexpectedly rise
WTI below $50 as US crude stocks unexpectedly rise
Oil prices fell after a rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values.
22 July, 2015 by The TZ Newswire Staff Comments Off on Cook County sheriff sued in adult services ad fight
Cook County sheriff sued in adult services ad fight
Classified portal Backpage.com sued a sheriff after he pressed credit cards to cut off the website, USA Today reports.
22 July, 2015 by The TZ Newswire Staff Comments Off on Analysts as upbeat as ever on Apple; Investors not so much
Analysts as upbeat as ever on Apple; Investors not so much
Analysts, for the most part, remain as upbeat as ever on Apple after investors knocked more than $65 billion off the company’s market value in initial reaction to the company’s quarterly results on Tuesday.
22 July, 2015 by The TZ Newswire Staff Comments Off on Apple’s $62B hit is bad…but it’s not the worst
Apple’s $62B hit is bad…but it’s not the worst
Apple’s stock has sunk in after-hours trading and is on course to write a new page in the history books.
22 July, 2015 by The TZ Newswire Staff Comments Off on WTI Back Below $50 After Inventory Build Takes Crude Stocks To Highest In 80 Years
WTI Back Below $50 After Inventory Build Takes Crude Stocks To Highest In 80 Years
Following yesterdsy’s API data, DOE has confirmed a 2.5 million barrel build in crude inventory – the highest stocks of crude at this time of year in at least 80 years. This was accompanied by a very small drop in production and has squeezed WTI back below $50 (although there was an algo flash-smash up to $50.50 right after the data).
- US EIA: REPEATS CRUDE STOCKS HIGHEST IN AT LEAST 80 YRS, RTRS
22 July, 2015 by The TZ Newswire Staff Comments Off on U.S. existing home sales near eight-and-a-half-year high
U.S. existing home sales near eight-and-a-half-year high
The National Association of Realtors said on Wednesday existing home sales increased 3.2 percent to an annual rate of 5.49 million units, the highest level since February 2007. Existing sales this year are on track to record their biggest gain in eight years, the NAR said.
22 July, 2015 by The TZ Newswire Staff Comments Off on With Apple and others, stocks ran ahead of reality
With Apple and others, stocks ran ahead of reality
The only thing that’s truly changed over the past week is stock prices and the investor emotions and expectations that rose with them.